EXHIBIT 99.1


                      WORLDCOM GAINS SETTLEMENT WITH SEC

Clinton, Miss., November 26, 2002 - WorldCom, Inc., today announced it has
consented to entry of a permanent injunction that will resolve claims brought
in the Securities and Exchange Commission's civil lawsuit regarding WorldCom's
past accounting practices.

"This settlement is a significant milestone in WorldCom's restructuring
efforts," said John W. Sidgmore, WorldCom president and CEO. "Resolution of
this litigation enables our company to move even more confidently toward a
successful conclusion of the company's financial restructuring."

Under the permanent injunction entered by the U.S. District Court for the
Southern District of New York, the company neither admits nor denies the
commission's allegations and agrees to the following:

    o   not to violate securities laws in the future;
    o   to provide reasonable training and education to its senior
        operational officers and financial reporting personnel to minimize
        the possibility of future violations;
    o   to retain a consultant to review the effectiveness of WorldCom's
        material internal accounting control structure and policies; and
    o   that the Corporate Monitor in the case will review the adequacy
        and effectiveness of WorldCom's corporate governance and ethics
        policies.

WorldCom further agrees that either the SEC or the court may in the future
seek a civil penalty to be paid by WorldCom or further equitable relief or
sanctions.

"The requirements of this agreement are squarely in line with steps we are
already taking to restore public confidence in WorldCom," said Sidgmore. "Our
agreement with the SEC provides additional assurance that WorldCom's plan to
emerge from bankruptcy remains on schedule."

ABOUT WORLDCOM

WorldCom, Inc. (WCOEQ, MCWEQ) is a pre-eminent global communications provider
for the digital generation, operating in more than 65 countries. With one of
the most expansive, wholly owned IP networks in the world, WorldCom provides
innovative data and Internet services for businesses to communicate in today's
market. In April 2002, WorldCom launched The Neighborhood built by MCI - the
industry's first truly any-distance, all-





inclusive local and long-distance offering to consumers for one fixed monthly
price. For more information, go to http://www.worldcom.com.







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