FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Jacobsen Jakup a Dul 2. Date of Event Requiring Statement (Month/Day/Year) 10/21/2005 3. Issuer Name and Ticker or Trading Symbol LINENS N THINGS INC [LIN] (Last) (First) (Middle) SMARATORGI 1,  4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) 201 KOPAVOGI, K6 104 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Equity Swap (obligation to purchase) (1) (2)	10/26/2005	04/05/2006	Common Stock, $0.01 Par Value	4,823,700 (1) (2) (3)	$ 25.4834 (4) (5)	I	See Footnotes 1 and 2 in attached Exhibit 99.2 (1) (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Jacobsen Jakup a Dul SMARATORGI 1 201 KOPAVOGI, K6 104	Â	  X	Â	Â
Lagerinn ehf SMARATORGI 1 201 KAPAVOGI, K6 104	Â	  X	Â	Â
TF Holding P/F KONGABRUGVIN POST BOX 329 TORSHAVN, H6 FO 110	Â	  X	Â	Â

Signatures

/s/ Jakup a Dul Jacobsen		10/26/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The text of the footnotes to this Form 3 can be found in Exhibit 99.2 to this Form 3.
(2)	The text of the footnotes to this Form 3 can be found in Exhibit 99.2 to this Form 3.
(3)	The text of the footnotes to this Form 3 can be found in Exhibit 99.2 to this Form 3.
(4)	The text of the footnotes to this Form 3 can be found in Exhibit 99.2 to this Form 3.
(5)	The text of the footnotes to this Form 3 can be found in Exhibit 99.2 to this Form 3.
  Remarks: Exhibit List  Exhibit 99.1 - Joint Filer Information  Exhibit 99.2 - Footnotes

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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