America Online's (AOL) full-year 2002 ad and commerce revenue are "tracking" to $1.7 billion with another 5 percent downside risk and earnings before interest, taxes, depreciation and amortization to be in a range of $1.7 billion to $1.8 billion, the company said.

Shares of AOL Time Warner, which is under investigation by the federal government for possible improper accounting at its America Online unit, fell 38 cents to $12.75, or 3 percent, in trading.