content: SECURITIES AND EXCHANGE COMMISSION
                                      FORM 8-K
                                   Current Report
  
  
                       Pursuant to Section 13 or 15 (d) of the
                          Securities Exchanges Act of 1934
  
  
  
  
                     Date of Report (Earliest Event) May 28, 1998
  
  
  
  
  
  
                         Teleport Communications Group Inc.
               (Exact Name of Registrant as specified in its Charter)
  
  
  
  
  Delaware                            0-20913                   13-3173139
  -------------------------------------------------------------------------------
  (State or Other                   (Commission             (IRS Employer
  Jurisdiction of                   File Number)            Identification No.)
  Incorporation)
  
  
  437 Ridge Road, Executive Building 3, Dayton, New Jersey           08810
  -------------------------------------------------------------------------------
  (Address of Principal Executive Offices)                         (Zip Code)
  
  
  
  
  Registrant's Telephone Number, Including Area Code            (732) 392-2000
  
  
  
  <PAGE>
  
  
  
  Item 5. Other Events
  
  
  TELEPORT COMMUNICATIONS GROUP INC (TCG) ELECTS TO COMMENCE THE ACCRUAL OF CASH
  INTEREST ON ITS 11 - 1/8% SENIOR DISCOUNT NOTES
  
  DAYTON, N.J. -- Teleport  Communications Group Inc.  (Nasdaq/NM:TCGI)  announced
  today its election to commence the accrual and payment of cash interest on TCG's
  11-1/8%  Senior  Discount  Notes due July 1, 2007 (CUSIP No.  879463-AC-1).  The
  accrual of interest  payments  will begin on July 1, 1998 and cash interest will
  be paid  semi-annually  beginning January 1, 1999. In addition,  on July 1, 1998
  the principal  amount of the Notes will be reduced to the Accreted Value of $723
  per $1,000 face amount of the  securities.  This election is in accordance  with
  the terms of the Notes and will not affect the original  yield of the Notes.  As
  of July 1, 1998,  investors  will begin  earning  cash  interest at the original
  yield rather than continue accreting principal.
  
  TCG  is  the  nation's  first  and  largest   provider  of   competitive   local
  telecommunications  services,  selling both fiber optic and  broadband  wireless
  facilities to serve information  intensive  businesses in 82 major  metropolitan
  markets with an array of advanced  voice,  data,  video and  Internet  services.
  Visit our web site at www.tcg.com.
  
  
  <PAGE>
  
  
  
  SIGNATURE
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has caused this report to be signed on its behalf of the undersigned,
  thereunto duly authorized.
  
  
                                      TELEPORT COMMUNICATIONS GROUP INC.
  
  
  
  
  Dated: June 5, 1998                   By:   /s/ Maria Terranova-Evans
                                              ---------------------------
                                        Name:     Maria Terranova-Evans
                                        Title:    Vice President and Controller
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metadata_filer: {"company-data": {"conformed-name": "TELEPORT COMMUNICATIONS GROUP INC", "cik": "0001012099", "assigned-sic": "4813", "irs-number": "133173139", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20913", "film-number": "98646533"}, "business-address": {"street1": "437 RIDGE RD", "street2": "EXECUTIVE BLDG 3", "city": "DAYTON", "state": "NJ", "zip": "08810", "phone": "7323922000"}, "mail-address": {"street1": "437 RIDGE RD", "street2": "EXECUTIVE BUILDING 3", "city": "DAYTON", "state": "NJ", "zip": "08810"}}
text: SECURITIES AND EXCHANGE COMMISSION
                                      FORM 8-K
                                   Current Report
  
                       Pursuant to Section 13 or 15 (d) of the
                          Securities Exchanges Act of 1934
  
                     Date of Report (Earliest Event) May 28, 1998
  
                         Teleport Communications Group Inc.
               (Exact Name of Registrant as specified in its Charter)
  
  Delaware                            0-20913                   13-3173139
  -------------------------------------------------------------------------------
  (State or Other                   (Commission             (IRS Employer
  Jurisdiction of                   File Number)            Identification No.)
  Incorporation)
  
  437 Ridge Road, Executive Building 3, Dayton, New Jersey           08810
  -------------------------------------------------------------------------------
  (Address of Principal Executive Offices)                         (Zip Code)
  
  Registrant's Telephone Number, Including Area Code            (732) 392-2000
  Item 5. Other Events
  
  TELEPORT COMMUNICATIONS GROUP INC (TCG) ELECTS TO COMMENCE THE ACCRUAL OF CASH
  INTEREST ON ITS 11 - 1/8% SENIOR DISCOUNT NOTES
  
  DAYTON, N.J. -- Teleport  Communications Group Inc.  (Nasdaq/NM:TCGI)  announced
  today its election to commence the accrual and payment of cash interest on TCG's
  11-1/8%  Senior  Discount  Notes due July 1, 2007 (CUSIP No.  879463-AC-1).  The
  accrual of interest  payments  will begin on July 1, 1998 and cash interest will
  be paid  semi-annually  beginning January 1, 1999. In addition,  on July 1, 1998
  the principal  amount of the Notes will be reduced to the Accreted Value of $723
  per $1,000 face amount of the  securities.  This election is in accordance  with
  the terms of the Notes and will not affect the original  yield of the Notes.  As
  of July 1, 1998,  investors  will begin  earning  cash  interest at the original
  yield rather than continue accreting principal.
  
  TCG  is  the  nation's  first  and  largest   provider  of   competitive   local
  telecommunications  services,  selling both fiber optic and  broadband  wireless
  facilities to serve information  intensive  businesses in 82 major  metropolitan
  markets with an array of advanced  voice,  data,  video and  Internet  services.
  Visit our web site at www.tcg.com.
  SIGNATURE
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has caused this report to be signed on its behalf of the undersigned,
  thereunto duly authorized.
  
                                      TELEPORT COMMUNICATIONS GROUP INC.
  
  Dated: June 5, 1998                   By:   /s/ Maria Terranova-Evans
                                              ---------------------------
                                        Name:     Maria Terranova-Evans
                                        Title:    Vice President and Controller