SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information to Be Included in
Statements Filed Pursuant to Rules
13d-1 (b) (c) , and (d) and
amendments thereto filed pursuant to
Rule 13d-2(b)
(Amendment No. )*
Teleport Communications Group Incorporated
__________________________________________
NAME OF ISSUER:
Class A Common Stock
_______________________________________
TITLE OF CLASS OF SECURITIES
879463107
_______________________________________
CUSIP NUMBER
July 2, 1998
_______________________________________________
Date of Event Which Requires Filing this Statement
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
( ) Rule 13d-1 (b)
(X) Rule 13d-1 (c)
( ) Rule 13d-1 (d)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this
cover page shall not be deemed to be filed for the
purpose of Section 18 of the Securities Exchange Act
of 1934 (the Act) or otherwise subject to the
liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however,
see the Notes).
(Continued on following page(s))
Page 1 of 7 Pages
CUSIP No. 879463107 Page 2 of 7 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust Corporation; its wholly-owned
subsidiary Bankers Trust Company; its
indirect wholly-owned subsidiary BT Alex.
Brown Incorporated; and its wholly-owned
subsidiary BT Holdings (New York), Inc.
13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust Corporation, Bankers Trust
Company and BT Holdings (New York), Inc. are New York Corporations.
BT Alex. Brown is a Delaware Corporation.
NUMBER OF 5. SOLE VOTING POWER
SHARES Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 808,283 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings (New York), Inc. 91,618 shares
3,094,564
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY Bankers Trust Corporation 0 shares
Bankers Trust Company 0 shares
BT Alex. Brown Incorporated 0 shares
BT Holdings (New York), Inc. 0 shares
0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 1,276,325 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings (New York), Inc. 91,618 shares
3,562,606
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Corporation 0 shares
Bankers Trust Company 0 shares
BT Alex. Brown Incorporated 0 shares
BT Holdings (New York),Inc. 0 shares
0
CUSIP No. 879463107 Page 3 of 7 Pages
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 1,276,325 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings (New York),Inc. 91,618 shares
3,562,606
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES *
[ ]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Corporation 3.37%
Bankers Trust Company 2.06%
BT Alex. Brown Incorporated 0.17%
BT Holdings (New York),Inc. 0.15%
5.75%
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC
Bankers Trust Company - BK
BT Alex. Brown Incorporated - BD
BT Holdings (New York),Inc. - CO
Item 1(a) NAME OF ISSUER:
Teleport Communications Group Incorporated
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
437 Ridge Road, Executive Building 3
Dayton, NJ 08810
Item 2(a) NAME OF PERSON FILING:
Bankers Trust Corporation; its wholly-owned
subsidiary Bankers Trust Company; its indirect wholly-owned
subsidiary BT Alex. Brown Incorporated; and its wholly-
owned subsidiary BT Holdings (New York), Inc.
CUSIP No. 879463107 Page 4 of 7 Pages
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Bankers Trust Corporation, Bankers Trust Company, and BT
Holdings (New York), Inc. are New York Corporations. BT Alex.
Brown is a Delaware Corporation.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock Par $0.01
Item 2(e) CUSIP NUMBER:
879463107
Item 3 THE PERSON FILING IS A:
For Bankers Trust Corporation
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G)
For Bankers Trust Company
(b) [X] Bank as defined in section 3(a)(6) of the
Act.
For BT Alex. Brown Incorporated
(a) [X] Broker or dealer registered under Section 15
of the Act
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 1,276,325 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings(New York),Inc. 91,618 shares
3,562,606
CUSIP No. 879463107 Page 5 of 7 Pages
(b) PERCENT OF CLASS:
Bankers Trust Corporation 3.37%
Bankers Trust Company 2.06%
BT Alex. Brown Incorporated 0.17%
BT Holdings (New York),Inc. 0.15%
5.75%
(c) Number of shares as to which the following have:
(i) sole power to vote or to direct the vote -
Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 808,283 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings (New York), Inc. 91,618 shares
3,094,564
(ii) shared power to vote or to direct the
vote -
Bankers Trust Corporation 0 shares
Bankers Trust Company 0 shares
BT Alex. Brown Incorporated 0 shares
BT Holdings (New York), Inc. 0 shares
0
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Corporation 2,090,709 shares
Bankers Trust Company 1,276,325 shares
BT Alex. Brown Incorporated 103,954 shares
BT Holdings(New York), Inc. 91,618 shares
3,562,606
(iv) shared power to dispose or to direct the
disposition of -
Bankers Trust Corporation 0 shares
Bankers Trust Company 0 shares
BT Alex. Brown Incorporated 0 shares
BT Holdings (New York),Inc. 0 shares
0
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
CUSIP No. 879463107 Page 6 of 7 Pages
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF
OF ANOTHER PERSON:
Not Applicable
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
See Item 3 above and Exhibit to Item 7.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
Not Applicable
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Item 10 CERTIFICATION:
By signing below I certify that, to the best of
my knowledge and belief, the securities
referred to above were not acquired and are not
held for the purpose of or with the effect of
changing or influencing the control of the
issuer of the securities and were not acquired
and are not held in connection with or as
a participant in any transaction having that
purpose or effect.
CUSIP No. 879463107 Page 7 of 7 Pages
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.
Date: as of July 9, 1998
Signature: Bankers Trust Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust Company
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Alex. Brown Incorporated
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Signature: BT Holdings (New York), Inc.
By: /s/ Gordon S. Calder, Jr.
Name: Gordon S. Calder, Jr.
Title: Secretary
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust
Corporation to Bankers Trust Company is shown
below:
Bankers Trust Corporation
|
|
100%
|
|
Bankers Trust Company
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust
Corporation to BT Alex. Brown Incorporated is
shown below:
Bankers Trust Corporation
|
|
100%
|
|
BT Alex.Brown Holdings Incorporated
|
|
100%
|
|
BT Alex. Brown Incorporated
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust
Corporation to BT Holdings (New York), Inc. is
shown below:
Bankers Trust Corporation
|
|
100%
|
|
BT Holdings (New York), Inc.
