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MCI SIGNS AGREEMENT WITH FFMC AND GUARDIAN LIFE INSURANCE CO. FOR TELECOM SERVICES VALUED AT $19.6 MILLION

 NEW YORK, May 4 /PRNewswire/ -- MCI Communications Corporation (NASDAQ: MCIC) announced today that it has signed agreements with First Financial Management Corporation (FFMC) and The Guardian Life Insurance Company of America to provide a range of telecommunication services valued at $19.6 million.
 FFMC, the Atlanta-based provider of information services, signed a three-year, $12.6 million agreement with MCI for a range of MCI services including Vnet, its virtual private network service, MCI 800 Services and MCI Digital Data Services. It is the first time FFMC has signed a special customer arrangement contract with MCI.
 Under the terms of MCI's three-year, $7 million agreement with The Guardian Life Insurance Company, MCI will become the company's primary long distance carrier. MCI will provide The Guardian with Vnet, MCI 800 Service, Vnet Card, and MCI Digital Data Services.
 "MCI won this business based on the track record of its people in providing top quality service and innovative solutions to meet our growing telecommunications requirements," said O.G. Greene, senior executive vice president of FFMC.
 "With our new agreement with MCI, The Guardian is well positioned to manage an efficient and flexible telecommunications platform that supports the business needs of the company," said Thomas Baker, vice president of data processing at The Guardian.
 Last week, MCI announced at an 800 portability news conference that both FFMC and Guardian Life will move some of their 800 traffic to MCI. "MCI is pleased to provide to both FFMC and The Guardian not only our advanced 800 services but also a full range of advanced telecommunications services," said Jonathan Crane, president of MCI National Accounts.
 FFMC is a national leader in information services, offering a vertically integrated set of data processing, storage and management products for the capture, manipulation and storage of data. Services include merchant credit card authorization and settlement, check guarantee and verification, debt collection and accounts receivable management, data imaging and electronic data base management, integrated health care services and the development and marketing of data communication and information processing systems.
 The Guardian Life Insurance Company of America was founded in New York in 1860 and provides a full range of insurance products and financial services, including individual life, disability income, group insurance and equity products. Guardian Life and Guardian Investments and Annuity Corporation are two of just seven insurance companies that have received the top ratings in the most recent evaluations by three major independent rating services.
 Headquartered in Washington, MCI offers a full range of domestic and global telecommunications services through one of the world's largest state-of-the-art networks. With 1992 revenues of $10.6 billion, the company is the second largest long distance provider in the United States and has more than 60 overseas offices in 55 countries.
 -0- 5/4/93
 /CONTACT: Frank J. Walter of MCI National Accounts, 212-326-4389/
 (MCIC)


CO: MCI Communications Corporation; First Financial Management Corp.;
 The Guardian Life Insurance Company of America ST: New York, Georgia IN: TLS INS SU:


SM-TS -- NY009 -- 4150 05/04/93 08:32 EDT
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Publication:PR Newswire
Date:May 4, 1993
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