:) To study, analyze, and sum up all the possible changes happened in the studied branch of linguistics for the past fifty years.) To teach the problem of homonyms to young English learners.) To demonstrate the significance of the problem for those who want to brush up their English.) To mention all the major linguists opinions concerning the subject studied.we say about the new information used within our work we may note that the work studies the problem from the modern positions and analyzes the modern trends appeared in this subject for the last ten years. In particular, the new meanings of the old habitual words were mentioned in this term paper.practical value of this term paper can be concluded in the following items :) The work could serve as a good source of learning English by young teachers at schools and colleges.) The lexicologists could find a lot of interesting information for themselves.) Those who would like to communicate with the English-speaking people through the Internet will find new causing homonymic terms in this term paper. Having said about the linguists studied the material before we can mention that this term paper was based upon the investigations, materials made by a number of well known English, Russian lexicologists as AISmirnitsky, BA Ilyish, V.V. Vinogradov, O.Jespersen and others.we say about the methods of scientific approaches used in this term paper we can mention that the method of typological analyses was used.novelty (newness) of this term paper is concluded in including the new homonymic meanings of words appeared during for the last ten years by means of development and applying of the internet technologies.general structure of this term paper looks as follows: It is composed into three major parts: introduction, main part and conclusion. Each part has its subdivision into the specific thematically items. There are two points in the introductory part: the first item tells about the general content of the term paper while the other gives us the general explanation of the lexicological phenomenon of homonymy in language. The main part bears two chapters itself which, in their turn, are subdivided into several specific items. The first chapter explains the common analysis of homonyms in Modern English. Here we analyzed phonetic coincidence and semantic differentiation of homonyms in Modern English (the first item), accepted classification of the homonymic units of a language (the second item), diachronic and synchronic research to the problem studied (third and fourth items subsequently). The second chapter shows the interrelations between homonyms and polysemantic words. In the first item we made the etymological and semantic criteria of distinguishing of homonyms and polysemantic words in the English language. The second item of the term paper shows the typological analysis of the two linguistic phenomena in the two languages ​​compared: English and Russian.The third and the fourth it...