SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                            -------------------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                    INFORMATION TO BE INCLUDED IN STATEMENTS
                  FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
                AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
                              (Amendment No. __)1


                       R.J. REYNOLDS TOBACCO HOLDINGS INC.
                                (Name of Issuer)


                                  COMMON STOCK
                         (Title of Class of Securities)

                                    76182K105
                                 (CUSIP NUMBER)


                                 March 27, 2003
             (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                   /X/   Rule 13d-1(b)
                   / /   Rule 13d-1(c)
                   / /   Rule 13d-1(d)



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1        The remainder of this cover page shall be filled out for a reporting
         person's initial filing on this form with respect to the subject class
         of securities, and for any subsequent amendment containing information
         which would alter disclosures provided in a prior cover page.

The      information required on the remainder of this cover page shall not be
         deemed to be "filed" for the purpose of Section 18 of the Securities
         Exchange Act of 1934 or otherwise subject to the liabilities of that
         section of the Act but shall be subject to all other provisions of the
         Act (however, see the Notes).







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        NAME OF REPORTING PERSONS: DREMAN VALUE MANAGEMENT LLC.
1.      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY): 22-3499132
--------------------------------------------------------------------------------
        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2.
                                                                         (a)
                                                                         (b)
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        SEC USE ONLY
3.
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        CITIZENSHIP OR PLACE OF ORGANIZATION
4.         State of Delaware
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    NUMBER OF             SOLE VOTING POWER
     SHARES         5.
  BENEFICIALLY
    OWNED BY
      EACH
   REPORTING
  PERSON WITH
--------------------------------------------------------------------------------
                          SHARED VOTING POWER
                    6.
--------------------------------------------------------------------------------
                          SOLE DISPOSITIVE POWER                       4,299,190
                    7.
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                          SHARED DISPOSITIVE POWER
                    8.
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        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   4,299,190
9.
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        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.     CERTAIN SHARES*
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11.     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                  5.01%
--------------------------------------------------------------------------------

12.     TYPE OF REPORTING PERSON*                                            IA
--------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!




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Item 1(a).        Name of Issuer:

                  R.J. Reynolds Tobacco Holdings Inc.



Item 1(b).        Address of Issuer's Principal Executive Offices:

                  401 North Main Street
                  Winston-Salem, NC 27102


Item 2(a).        Name of Persons Filing:

                  Dreman Value Management LLC


Item 2(b).        Address of Principal Business Office or, if None, Residence:

                  520 East Cooper Avenue, Suite 230-4

                  Aspen, CO 81611



Item 2(c).        Citizenship:

                  State of Delaware



Item 2(d).        Title of Class of Securities:

                  Common Stock



Item 2(e).        CUSIP Number:

                  76182K105


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Item 3. If this  statement is filed  pursuant to Rule  13d-1(b),  or 13d-2(b) or
        (c), check whether the person filing is a:

                      (a) [ ]       Broker or dealer registered under
                                    Section 15 of the Exchange Act;

                      (b) [ ]       Bank as defined in Section 3(a)(6) of
                                    the Exchange Act;

                      (c) [ ]       Insurance Company as defined in Section
                                    3(a)(19) of the Exchange Act;

                      (d) [ ]       Investment Company registered under
                                    Section 8 of the Investment Company Exchange
                                    Act;

                      (e) [X]       Investment Adviser in accordance with
                                    Rule 13d-1(b)(1)(ii)(E);

                      (f) [ ]       Employee Benefit Plan or Endowment Fund
                                    in accordance with Rule 13d-1(b)(1)(ii)(F);

                      (g) [ ]       Parent Holding Company or Control Person
                                    in accordance with Rule 13d-1(b)(1)(ii)(G);

                      (h) [ ]        Saving Association as defined in Section
                                    3(b) of The Federal Deposit Insurance Act;

                      (i) [ ]       Church Plan that is excluded from the
                                    definition of an Investment Company under
                                    Section 3(c)(14) of the Investment Company
                                    Act;

                      (j) [ ]       Group, in accordance with Rule
                                    13d-1(b)(1)(ii)(J).

Item 4.  Ownership.

         Provide the following  information  regarding the aggregate  number and
         percentage of the class of securities of the issuer  identified in Item
         1.

          (a)  Amount beneficially owned: 4,299,190

          (b)  Percent of class: 5.01%

          (c)  Number of shares as to which the person has:

               (i)  Sole power to vote or direct the vote

               (ii) Shared power to vote or direct the vote ______________

               (iii)Sole  power to  dispose  or to  direct  the  disposition  of
                    4,299,190

               (iv) Shared  power to  dispose or to direct  the  disposition  of
                    __________

                                      -4-


Item 5.  Ownership of Five Percent or Less of a Class.

         If this statement is being filed to report the fact that as of the date
         hereof the reporting  person has ceased to be the  beneficial  owner of
         more than five percent of the class of securities, check the following:
         [ ]

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         If any other  person is known to have the right to receive or the power
         to direct the receipt of dividends  from, or the proceeds from the sale
         of, such  securities,  a statement to that effect should be included in
         response to this item and, if such  interest  relates to more than five
         percent of the class,  such person should be  identifies.  A listing of
         the  shareholders  of  an  investment   company  registered  under  the
         Investment Company Act of 1940 or the beneficiaries of employee benefit
         plan, pension fund or endowment fund is not required.

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.

         If a parent company or Control person has filed this schedule, pursuant
         to Rule  13d-1(b)(1)(ii)(G),  so indicate under Item 3(g) and attach an
         exhibit  stating  the  identity  and the  Item3  classification  of the
         relevant subsidiary.  If a parent holding company or control person has
         filed this schedule  pursuant to Rule 13-1(c) or Rule 13d-1(d),  attach
         an exhibit stating the identification of the relevant subsidiary.

Item 8.  Identification and Classification of Members of the Group.

         If    a    group    has    filed    this    schedule     pursuant    to
         ss.240.13d-1(b)(1)(ii)(J),  so indicate  under Item 3(j) and attach and
         exhibit stating the identity and Item 3  classification  of each member
         of  the  group.  If  a  group  has  filed  this  schedule  pursuant  to
         ss.240.13d-1(d),  attach an exhibit stating the identity of each member
         of the group.



Item 9.  Notice of Dissolution of Group.

         Notice of dissolution of a group may be furnished as an exhibit stating
         the date of the  dissolution  and that all further filings with respect
         to transactions in the security reported on will be filed, if required,
         by members of the group, in their individual capacity. See Item 5.



Item 10. Certification.

     (a)  The following  certification shall be included in the statement if the
          statement is filed  pursuant to  ss.240.13d-1(b):



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          By  signing  below I certify  that,  to the best of my  knowledge  and
          belief, the securities referred to above were acquired and are held in
          the ordinary course of business and were not acquired and are not held
          for the purpose of or with the effect of changing or  influencing  the
          control of the issuer of the  securities and were not acquired and are
          not held in  connection  with or as a participant  in any  transaction
          having that purpose or effect.




                                    SIGNATURE


         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                  June 10, 2003
                                  -------------
                                      Date

                                 /S/ Lloyd Jagai
                                 ---------------
                                    Signature

                     Lloyd K. Jagai, Chief Operating Officer
                     ---------------------------------------
                                   Name/Title


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