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MCI REVENUE AND OPERATING INCOME DRIVE STRONG EARNINGS GROWTH

 EDITORS' NOTE: All earnings numbers reflect MCI's
 two-for-one stock split on July 9.
 WASHINGTON, July 22 /PRNewswire/ -- Capping one of its most exciting quarters, MCI Communications Corporation (NASDAQ-NMS: MCIC) today reported significant revenue and earnings gains for its second quarter. Results compared to the year ago quarter include a 12 percent increase in revenue and also a 23 percent increase in earnings per common share, to 32 cents, excluding a charge for early retirement of debt. This was accompanied by year-over-year traffic growth of almost 13 percent.
 -- Second quarter 1993 revenue was $2.929 billion, compared with
 second quarter 1992 revenue of $2.606 billion. For the second
 quarter in a row, the company showed record operating income --
 $348 million -- up 17 percent over the previous year's quarter.
 -- Income increased to $178 million, or 32 cents per common share,
 excluding a charge of $28 million, or 5 cents per common share,
 related to the early retirement of debt. In the year ago
 quarter, earnings were $141 million, or 26 cents per common
 share.
 "MCI's strong second quarter amply demonstrates our ability to deliver healthy financial results while setting the stage to take advantage of emerging marketplace opportunities," said Daniel F. Akerson, MCI president and chief operating officer.
 "Our excellent results are a fitting capstone to a quarter that has seen MCI launch, with BT, the industry's precedent-setting global alliance, sign a number of major multi-year contracts and announce a two-for-one stock split. These milestones further solidify the company's leadership position in both the domestic and global marketplace," said Akerson.
 As previously announced, the one-time charge recorded for this quarter resulted from the early redemption of all of MCI's remaining 10 percent subordinated debentures due in April, 2011. This, coupled with previous redemptions of debt, contributed to the company saving a net of $6 million during the second quarter, and will result in future interest expense savings.
 The highlight of the quarter was the announcement of the MCI/BT global alliance, which will further improve MCI's ability to compete aggressively worldwide, as well as provide strategic funding for new domestic initiatives through the $4.3 billion in cash MCI will realize from the equity transaction.
 Additionally, MCI's two-for-one stock split on July 9 will continue to make it an attractive investment to a broader range of investors.
 Accomplishments directly contributing to second quarter results were MCI's success in winning new large and small-to-mid-sized business accounts, its initial success in the 800 portability environment, continued delivery of value-added services and a winning performance in the consumer market.
 Key among new large business contracts announced during the quarter were Bank of America and J.P. Morgan, which, in addition to Citicorp, means MCI now serves three of the nation's top five banks. Other contracts included CoREN, the Corporation for Regional and Enterprise Networking; Boise Cascade; the U.S. Congress; Kmart and Melville Corporation.
 Major product and service announcements during the quarter included: MCI Custom Access, a first-of-its-kind service that offers businesses one-stop shopping for reliable dedicated local access to the MCI network; MCI's 1-800-COLLECT, a simpler and more cost-efficient way for callers to reach an operator who will connect their calls; and Proof Positive, a service designed to help businesses better manage their telecommunications expenses by regularly documenting calling patterns and comparing this information with their current MCI services to assure they are using the plan most appropriate to their needs and budget.
 -0- 7/22/93
 /CONTACT: Pam Small of MCI Communications Corporation, Corporate News Bureau, 1-800-289-0073 or 202-887-3000/
 (MCIC)


CO: MCI Communications Corporation ST: District of Columbia IN: TLS SU: ERN

MH-DS -- DC002 -- 4303 07/22/93 08:15 EDT
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Date:Jul 22, 1993
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