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+--------+                                    UNITED STATES
| FORM 5 |                         SECURITIES AND EXCHANGE COMMISSION
+--------+                                Washington, D.C. 20549
                            ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[_] Check box if
    no longer subject
    to Section 16.
    Form 4 or Form 5       Filed pursuant to Section 16(a) of the Securities
    obligations may           Exchange Act of 1934, Section 17(a) of the
    continue. See            Public Utility Holding Company Act of 1935 or
    Instruction 1(b).      Section 30(f) of the Investment Company Act of 1940

[_] Form 3 Holdings Reported

[_] Form 4 Transactions Reported

--------------------------------------------------------------------------------
1.  Name and Address of Reporting Person*

      Palaschuk                      Derek                            M.
    ----------------------------------------------------------------------------
        (Last)                      (First)                        (Middle)

     15/F, Bright China Chang An Building, 7 jianguomennei Ave.,
    ----------------------------------------------------------------------------
                                   (Street)

        Beijing,                     China
    ----------------------------------------------------------------------------
        (City)                      (State)                           (Zip)

2.  Issuer Name and Ticker or Trading Symbol SOHU.COM INC. (SOHU)
                                             -----------------------------------

3.  I.R.S. Identification Number of Reporting Person, if an entity
    (Voluntary)
               --------------

4.  Statement for Month/Year  December 31, 2001
                             ---------------------------------------------------

5.  If Amendment, Date of Original (Month/Year)
                                                --------------------------------

6.  Relationship of Reporting Person(s) to Issuer (Check all applicable)

    [_] Director    [X] Officer             [_] 10% Owner    [_] Other
                        (give title below)                       (specify below)

7.  Individual or Joint/Group Reporting  (check applicable line)

     X  Form Filed by One Reporting Person
    ---
    ___ Form Filed by More than One Reporting Person

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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned



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1. Title of Security         2. Trans-    3. Trans-     4. Securities Acquired (A)   5. Amount of        6. Owner-    7. Nature
   (Instr. 3)                   action       action        or Disposed of (D)           Securities          ship         of In-
                                Date         Code          (Instr. 3, 4 and 5)          Beneficially        Form:        direct
                                (Month/      (Instr. 8)                                 Owned at the        Direct       Bene-
                                Day/                                                    end of              (D) or       ficial
                                Year)                                                   Issuer's            Indirect     Owner-
                                                                 (A) or                 Fiscal Year         (I)          ship
                                                        Amount   (D)        Price       (Instr. 3 and 4)    (Instr. 4)   (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
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* If the form is filed by more than one reporting person, see instruction
  4(b)(v).

                                      -1-


(Continued)
 Table II B - Derivative Securities Acquired, Disposed of, or Beneficially Owned
        (e.g., puts, calls, warrants, options, convertible securities)



-----------------------------------------------------------------------------------------------------------------------------
 1. Title of Derivative            2. Conver-          3. Trans-           4. Transac-            5. Number of Deriv-
    Security (Instr. 3)               sion or             action              tion Code              ative Securities
                                      Exercise            Date                (Instr. 8)             Acquired (A) or
                                      Price of            (Month/                                    Disposed of (D)
                                      Deriv-              Day/                                       (Instr. 3, 4, and 5)
                                      ative               Year)
                                      Security
                                                                                                   ---------------------------
                                                                                                         (A)         (D)

-----------------------------------------------------------------------------------------------------------------------------
                                                                                                  
Stock option                         $0.86               3/22/01                     A                  153,000
(right to buy)
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-------------------------------------------------------------------------------------------------------------------------------
6. Date Exer-          7. Title and Amount of        8. Price         9. Number           10. Owner-         11. Na-
   cisable and            Underlying Securities         of               of Deriv-            ship Form          ture
   Expiration             (Instr. 3 and 4)              Deriv-           ative                of De-             of In-
   (Month/Day/                                          ative            Secur-               rivative           direct
   Year)                                                Secur-           ities                Secu-              Bene-
                                                        ity              Bene-                rity:              ficially
                                                        (Instr. 4)       ficially             Direct             Owner-
 --------------------------------------------                            Owned                (D) or             ship
 Date          Expira-              Amount or                            At End               Indi-              (Instr. 4)
 Exer-         tion         Title   Number of                            of Year              rect (I)
 cisable       Date                 Shares
-------------------------------------------------------------------------------------------------------------------------------
                                                                                        
See note 1     3/21/11      Common    153,000                                 153,000                D
                            stock
-------------------------------------------------------------------------------------------------------------------------------

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Explanation of Responses:
   1.   Options granted vest over a four-year period. 25% of the options vest on
        March 21, 2002. The remaining options vest ratably on a quarterly basis
        over the remaining term of the options, beginning one calendar quarter
        after March 22, 2002.

       /s/ Derek Palaschuk                    2/8/02
       --------------------------------  -----------------
       Derek Palaschuk                         Date
       **Signature of Reporting Person

   **  Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations. Sec. 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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

                                      -2-