EXHIBIT 99.1



                  MCI FILES SUPPLEMENTAL DISCLOSURE STATEMENT

                  Company Issues Revised Projected Financials

ASHBURN, Va., July 7, 2003 - MCI (WCOEQ, MCWEQ) today filed new revised
exhibits to the Supplement to Disclosure Statement which it filed on July 3,
2003 with the U.S. Bankruptcy Court. The Supplement, together with today's
filing, includes a description of the company's previously announced amended
settlement with the Securities and Exchange Commission (SEC), which was
approved today by the U.S. District Court. Also included are a proposed
settlement between the company and a group of financial institutions that
would resolve pending litigation, as well as the revised projected financial
information supporting the company's plan of reorganization.

The company's revised financial guidance projects 2003-2005 revenue will be
$24.5 billion, $24.6 billion and $25.0 billion respectively. This compares to
previously projected 2003-2005 revenue of $24.7 billion, $25.8 billion and
$27.8 billion respectively.

The revenue reductions are primarily in the company's consumer and small
business segments, reflecting intense pricing competition fueled by new
entries of unlimited bundles, aggressive new DSL offerings and rapid adoption
of national Do Not Call legislation. Collectively these impacts have reduced
consumer and small business effective rates in key markets by as much as 40
percent since April 2003. Projections for the company's large and global
business segments remain relatively unchanged for 2003 and 2004, reflecting
continued customer loyalty.

Projected earnings before interest, taxes, depreciation and amortization
(EBITDA) for 2003-2005 are now expected to be $2.7 billion, $3.7 billion and
$4.1 billion respectively, reflecting the lower revenue projections partially
offset by lower sales, general and administrative expenses. This compares with
previously projected EBITDA of $2.8 billion, $4.1 billion and $5.4 billion
respectively.

"While we have been meeting our plan, we believe these adjustments better
reflect the changing market conditions," said Bob Blakely, MCI chief financial
officer. "Our cash position remains strong and customer loyalty in our large
and global customer base remains solid. Moving forward, we remain on track to
emerge from Chapter 11 protection later this fall."

Under the revised financial projections the return to WorldCom bondholders
remains virtually unchanged, with lower EBITDA being offset by a projected
improved cash position.

"We have reviewed the company's revised financial projections and continue to
remain fully supportive of MCI's Plan of Reorganization," said Mark Neporent,
Managing director and chief operating officer of Cerberus Capital Management,
L.P. and co-chair of MCI's Unsecured Creditors Committee. "MCI's management
team has made tremendous progress on the company's reorganization efforts in a
very short amount of time. We look forward to their






continued success in bringing the company out of Chapter 11 protection and
driving future stakeholder value."


About WorldCom, Inc.
WorldCom, Inc. (WCOEQ, MCWEQ), which currently conducts business under the MCI
brand name, is a leading global communications provider, delivering
innovative, cost-effective, advanced communications connectivity to
businesses, governments and consumers. With the industry's most expansive
global IP backbone and wholly-owned data networks, WorldCom develops the
converged communications products and services that are the foundation for
commerce and communications in today's market. For more information, go to
http://www.mci.com.

Forward-Looking Statements
This press release includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may differ materially
from these expectations due to the company's bankruptcy proceedings and
matters arising out of pending class-action and other lawsuits and ongoing
internal and government investigations relating to the previously announced
restatement of its financial results. Other factors that may cause actual
results to differ materially from management's expectations include economic
uncertainty; the effects of vigorous competition, including price compression;
the impact of technological change on our business, alternative technologies,
and dependence on availability of transmission facilities; risks of
international business; regulatory risks in the United States and
internationally; contingent liabilities; uncertainties regarding the
collectibility of receivables; risks associated with debt service requirements
and our financial leverage; uncertainties associated with the success of
acquisitions; and the ongoing war on terrorism. More detailed information
about those factors is contained in the company's filings with the Securities
and Exchange Commission. We will continue to file documents with the
Securities and Exchange Commission under the WorldCom, Inc. name until the
effective date of the Plan of Reorganization. The effective date will not
occur until after the Bankruptcy Court confirms the Plan of Reorganization

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