WorldCom Obtains Waiver on Accounts Receivable Securitization Program

Moody's Debt Downgrade has no Impact on Liquidity

CLINTON, Miss., May 9, 2002 - WorldCom, Inc. (NASDAQ: WCOM, MCIT) today announced it received a waiver from its existing lenders on its accounts receivable securitization program, tabling any debt ratings trigger effect within the current program. As a result, Moody's decision to lower WorldCom's debt rating to Ba2 from Baa2 will not affect WorldCom's existing accounts receivable securitization program. Additionally, Moody's action has no impact on WorldCom's liquidity, including its bonds or credit facilities.

WorldCom is in negotiations to replace its current accounts receivable securitization program with a new $1.5 billion program that does not contain any ratings triggers. WorldCom expects the new program to be in place by May 23, 2002, when the current waiver expires.

WorldCom also is in negotiations, and on schedule, to replace its existing $2.65 billion bank credit facility that expires on June 7, 2002. WorldCom currently has an additional $1.6 billion bank credit facility that expires in June 2006, and a $3.75 billion facility that expires on June 30, 2002.

ABOUT WORLDCOM, INC.

WorldCom, Inc. (NASDAQ: WCOM, MCIT), operating through WorldCom group and MCI group, 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. For more information, go to http://www.worldcom.com.

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