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                SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.


LITIGATION RELEASE NO. 15190 / December 18, 1996

SECURITIES AND EXCHANGE COMMISSION v. PARRIS H. HOLMES, JR.,
Civil Action No. 96-2793 (TFH) (D.D.C.)

     The Securities and Exchange Commission today filed a civil
injunctive action in the United States District Court for the
District of Columbia against Parris H. Holmes, Jr., alleging
violations of the reporting requirements applicable to officers,
directors, and certain shareholders of public companies. 
Simultaneously with the filing of the action, Holmes consented,
without admitting or denying the Commission's allegations, to the
entry of a Final Judgment permanently enjoining him from
violating those requirements, and requiring him to pay a civil
penalty of $50,000.

     The Complaint alleges that the defendant, who was the
Chairman of the Board of Directors and Chief Executive Officer of
U.S. Long Distance Corp. (and currently remains Chairman of the
Board of Directors), failed to file timely twelve reports
required by Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder reflecting certain of his purchases and
sales of the securities of U.S. Long Distance Corp.  He executed
most of the subject transactions between August 1991 and November
1992 through accounts held by Abelard Ltd., a British Virgin
Island trust.  Holmes was the beneficial owner of the shares held
by the trust.  
The total value of the transactions alleged in the Complaint is
approximately $1.5 million.