Go to LW's Tools>Options>Connections & untick Connect on start up & press Apply. Then close LW. Then re-open. Leave it for 15 to 20 mins. Then go to LW's menu File>Connect. Leave it for another 15 mins. See how it is then.
Also, under Speed>disable Ultrappeer cap.
Reduce Uploads to at least 70% or less.
(By the way AOL can also be dial up. It's the same service.)
What is your speed by the way? Test it here:
http://www.adslguide.org.uk/tools/speedtest.asp