FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_____________________|
|OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
David C. McCourt
Commonwealth Telephone Enterprises, Inc.
105 Carnegie Center
Princeton, New Jersey 08540
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2. Issuer Name and Ticker or Trading Symbol
WorldCom, Inc. WCOM
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
____________________________________________________________________________
4. Statement for Month/Year
October/1997
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5. If Amendment, Date of Original (Month/Year)
June/1997
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6. Relationship of reporting person to Issuer (Check all applicable)
(X ) DIRECTOR
( ) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
_____________________________________________________
____________________________________________________________________________
7. Individual, or Joint/Group Filing (Check all applicable)
(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 (Instr. 3)
Common Stock
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2. Transaction Date (Month/Day/Year)
6/19/97
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3. Transaction Code (Instr. 8)
P
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
812,308 A **
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
819,328.3
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)
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1. Title of Derivative Security (Instr. 3)
(i) Call Options (obligations to sell)***
(ii) Put Options (rights to sell)***
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2. Conversion or Exercise Price of Derivative Security
(i) $64.063
(ii) $28.125
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3. Transaction Date (Month/Day/Year)
(i) 6/19/97
(ii) 6/19/97
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4. Transaction Code (Instr. 8)
(i) S
(ii) P
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(i) (D) 812,308
(ii) (A) 812,308
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6. Date Exercisable and Expiration Date (Month/Day/Year)
(i) 6/19/02 6/19/02
(ii) 6/19/02 6/19/02
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
(i) Common Stock 812,308
(ii) Common Stock 812,308
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8. Price of Derivative Securities (Instr. 5)
(i) $4.18
(ii) $4.18
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
(i) -0-
(ii) 812,308
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
(i) Not applicable
(ii) D
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
** The acquisition of 812,308 shares of WorldCom Common Stock reported in
Table I was pursuant to a Share Exchange Agreement, dated as of June
19, 1997, by and among David C. McCourt, certain other persons named
therein and WorldCom; such shares of WorldCom Common Stock were acquired
from WorldCom in exchange for 288 shares of McCourt Fiber Network, Inc.
owned by David C. McCourt.
***On June 19, 1997, David C. McCourt simultaneously sold 812,308 call
options and purchased 812,308 put options, each entitling the holder to
purchase or sell, as applicable, one share of WorldCom Common Stock,
exercisable on June 19, 2002.
/s/ David C. McCourt 10/14/97
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**** SIGNATURE OF REPORTING PERSON DATE
**** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
