WORLDCOM INC /MS/
SC 13D/A, 1995-10-06
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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<PAGE>   1



                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                  SCHEDULE 13D


                   Under the Securities Exchange Act of 1934
                             (Amendment No.   1  )*


                        Comdata Holdings Corporation
        ------------------------------------------------------------
                              (Name of Issuer)


                         Common Stock $.01 par value
        ------------------------------------------------------------
                       (Title of Class of Securities)


                                 200321 20 6
        ------------------------------------------------------------
                               (CUSIP Number)


                     Scott D. Sullivan, WorldCom, Inc.,
                515 East Amite Street, Jackson, MS 39201-2702
        ------------------------------------------------------------
         (Name, Address and Telephone Number of Person Authorized to
                     Receive Notices and Communications)


                             September 28, 1995
        ------------------------------------------------------------
           (Date of Event Which Requires Filing of This Statement)


         If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b) (3) or (4), check the following
box [ ].


         Check the following box if a fee is being paid with this statement 
[ ].  (A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of less than five percent of
such class.  See Rule 13d-7.)
<PAGE>   2
                                 SCHEDULE 13D

CUSIP NO. 200321 20 6                                      



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


      WorldCom, Inc./58-1521612
- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                                        (a) /  /
                                                                        (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    SOURCE OF FUNDS*



      WC                                                       
- --------------------------------------------------------------------------------
 5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
      ITEMS 2(d) or 2(e)                                                    /  /



- --------------------------------------------------------------------------------
 6    CITIZENSHIP OR PLACE OF ORGANIZATION



      Georgia                                                  
- --------------------------------------------------------------------------------
                               7     SOLE VOTING POWER

          NUMBER OF            
                                     1,052,918
           SHARES              -------------------------------------------------
                               8     SHARED VOTING POWER                        
        BENEFICIALLY           
                               
          OWNED BY                   -0- 
                               ------------------------------------------------
            EACH               9     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                                     1,052,918           
           PERSON              ------------------------------------------------
                               10    SHARED DISPOSITIVE POWER                  
            WITH    
                               
                                     -0- 
- ------------------------------------------------------------------------------- 
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      1,052,918                   
- --------------------------------------------------------------------------------
12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                            /  /



- --------------------------------------------------------------------------------
13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)


              
      6.2%                                     
- --------------------------------------------------------------------------------
14    TYPE OF REPORTING PERSON*


              
      CO                                              
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!
        INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.


<PAGE>   3
                        AMENDMENT NO. 1 TO SCHEDULE 13D

This Amendment No. 1 supplements the Schedule 13D filed June 26, 1995 in the
following respects only (capitalized terms used herein shall have the meanings
ascribed to such terms in the Schedule 13D):

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

         (a)     1,052,918 shares of Common Stock beneficially owned by
         WorldCom, Inc. (including 174,188 shares issuable upon conversion of
         Series C Preferred Stock) or 6.2% of that class, based on 16,687,529
         shares of Common Stock reported by the Issuer as outstanding as of
         June 30, 1995.

         (b) Number of shares as to which such person has:
                 (i) sole voting power: 1,052,918
                 (ii) shared voting power:  -0-
                 (iii) sole dispositive power: 1,052,918
                 (iv) shared dispositive power:  -0-

         (c) Transactions in the class during past 60 days:

                 On September 19, 1995, WorldCom, Inc. sold 50,000 shares of
         Common Stock at a price of $25.00 per share in an open market
         transaction.

                 On September 28, 1995, WorldCom, Inc. sold 200,000 shares of
         common stock at a price of $23.875 per share in an open market
         transaction.

                 On June 29, 1995 and September 29, 1995, WorldCom, Inc.
         accrued dividends on Series C preferred stock of 304 and 313 Series C
         shares, respectively.  As of September 29, 1995, the liquidation value
         of the Series C shares held by WorldCom, Inc. was $1,045,127.
<PAGE>   4
                                   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.


                                        October 6, 1995                       
                                        --------------------------------------
                                        (Date)
                                        
                                        
                                        /s/ Scott D. Sullivan                 
                                        --------------------------------------
                                        (Signature)
                                        
                                        
                                        Scott D. Sullivan                    
                                        --------------------------------------
                                        Chief Financial Officer


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