UNITED STATES SECURITIES & EXCHANGE COMMISSION


        Litigation Release No.  15970 / November 6, 1998

        SECURITIES AND EXCHANGE COMMISSION  v.  HAROLD FITZGERALD LENFEST and
        MARGUERITE LENFEST, Civil Action No. 95-CV-7597 (JCJ) (E.D. Pa)

        The  Securities  and  Exchange  Commission  (the  "Commission") today

        announced  that  on  October  28,  1998, Judge Curtis Joyner  of  the

        Eastern  District of Pennsylvania entered  a  civil  judgment,  after

        trial, finding  Harold  Lenfest and Marguerite Lenfest not liable for

        the securities law violations charged by the Commission.

             In its complaint, the  Commission  alleged that in October 1993,

        the Lenfests violated Section 10(b) of the Securities Exchange Act of

        1934, and Rule 10b-5, thereunder, by purchasing  and recommending the

        securities of Tele-Communications, Inc. ("TCI"), while  in possession

        of  material,  nonpublic  information  concerning  a proposed  merger

        between TCI and Bell Atlantic Corporation ("Bell Atlantic").

             For  further  information  concerning  SEC v. Harold  FitzGerald

        Lenfest and Marguerite Lenfest, see SEC Litigation Release Nos. 14747

        (December 6, 1995)  and 15200 (December 30, 1996).