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Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.

On August 25, 2008, Warwick Valley Telephone Company sent a notice to its directors and executive officers informing them of a temporary suspension of trading under the Warwick Valley Telephone Company 401(k) Plan (the "Plan") to complete the transition of the trustee of the Plan from Milliman to Principal Life Insurance Company.





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.

         
    Warwick Valley Telephone Company
          
August 25, 2008   By:   Duane W. Albro
       
        Name: Duane W. Albro
        Title: President and Chief Executive Officer