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  <TITLE> America Online Latin America, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	January 31, 2006
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  	America Online Latin America, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-31181
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  	65-0963212
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	6600 N. Andrews Avenue, Suite 300, Fort Lauderdale, Florida
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  	33309
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	954-689-3000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On January 31, 2006, America Online Latin America, Inc. ("AOLA") entered into a Severance Agreement and Release of Claims (the "Agreement") with Charles Herington, AOLA's President and Chief Executive Officer.  Under the Agreement, AOLA will pay Mr. Herington $538,067 in severance.  In addition, Mr. Herington will receive an ordinary course performance bonus of $461,200 for 2005. Mr. Herington will also receive either (i) reimbursement for COBRA expenses for a fourteen (14) month period or (ii) payment of a lump sum equivalent to the cost of obtaining similar health insurance for such 14 month period.    <br><br>The Agreement is conditioned upon approval of such agreement by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").<br><br>The bonus payment is expected to be made upon approval by the Bankrupcty Court.  The severance payment is expected to be made in September 2006.
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  	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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  Charles Herington's employment with AOLA will end on March 2, 2006.  Mr. Herington currently serves as AOLA's President and Chief Executive Officer.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	America Online Latin America, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	February 2, 2006
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  	By:
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  <I>
  	/s/ Osvaldo Banos
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  <I>
  	Name: Osvaldo Banos
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  	Title: EVP and CFO
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10015.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9594}]
metadata_filer: {"company-data": {"conformed-name": "AMERICA ONLINE LATIN AMERICA INC", "cik": "0001100395", "assigned-sic": "7370", "irs-number": "650963212", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-31181", "film-number": "06575465"}, "business-address": {"street1": "6600 N ANDREWS AVE", "street2": "STE 500", "city": "FORT LAUDERDALE", "state": "FL", "zip": "10013", "phone": "9547720002"}, "mail-address": {"street1": "6600 N ANDREWS AVENUE", "street2": "SUITE 500", "city": "FORT LAUDERDALE", "state": "FL", "zip": "10013"}}
text: America Online Latin America, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  January 31, 2006
  America Online Latin America, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-31181
  65-0963212
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  6600 N. Andrews Avenue, Suite 300, Fort Lauderdale, Florida
  33309
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  954-689-3000
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On January 31, 2006, America Online Latin America, Inc. ("AOLA") entered into a Severance Agreement and Release of Claims (the "Agreement") with Charles Herington, AOLA's President and Chief Executive Officer.  Under the Agreement, AOLA will pay Mr. Herington $538,067 in severance.  In addition, Mr. Herington will receive an ordinary course performance bonus of $461,200 for 2005. Mr. Herington will also receive either (i) reimbursement for COBRA expenses for a fourteen (14) month period or (ii) payment of a lump sum equivalent to the cost of obtaining similar health insurance for such 14 month period.
  The Agreement is conditioned upon approval of such agreement by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").
  The bonus payment is expected to be made upon approval by the Bankrupcty Court.  The severance payment is expected to be made in September 2006.
  Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
  Charles Herington's employment with AOLA will end on March 2, 2006.  Mr. Herington currently serves as AOLA's President and Chief Executive Officer.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  America Online Latin America, Inc.
  February 2, 2006
  By:
  /s/ Osvaldo Banos
  Name: Osvaldo Banos
  Title: EVP and CFO