<PAGE> 1
FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-43497
PROSPECTUS SUPPLEMENT
DATED APRIL 14, 1998
TO THE PROSPECTUS DATED FEBRUARY 25, 1998
WORLD ACCESS, INC.
World Access, Inc. (the "Company") has prepared this Prospectus Supplement
to update certain information included in the Company's Prospectus dated
February 25, 1998 relating to (i) the Company's $115,000,000 aggregate principal
amount of Convertible Subordinated Notes due 2002 (the "Notes") issued in
private placements on October 1, 1997 and October 28, 1997 and the shares of
common stock, $.01 par value, of the Company (the "Common Stock") that are
issuable upon conversion of thereof (the "Conversion Shares"), and (ii)
2,545,642 shares of Common Stock.
The table relating to the Notes and the Conversion Shares set forth in the
Prospectus under the caption "SELLING SECURITYHOLDERS" is hereby supplemented
as follows:
<TABLE>
<CAPTION>
PRINCIPAL
AMOUNT
OF PERCENT OF
NOTES TOTAL OUTSTANDING
NAME OWNED NOTES
- ---- ---------------- -----------------
<S> <C> <C>
AAM/Zazove Institutional Income Fund, L.P.................... $ 2,025,000 (1) 1.8%
Deutsche Morgan Grenfell Inc................................. 5,000,000 4.3
</TABLE>
- ---------------------------------
(1) Includes $1,500,000 of Notes included in the Company's Prospectus dated
February 25, 1998.
