SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):       Commission File Number:
              JUNE 24, 1998                                     1-10210

                            EXECUTIVE TELECARD, LTD.
             (Exact name of registrant as specified in its charter)

                 DELAWARE                                     13-3486421
       (State or other jurisdiction                          (IRS Employer
             of incorporation)                          Identification Number)

                       1720 S. BELLAIRE STREET, 10TH FLOOR
                             DENVER, COLORADO 80222
              (Address of principal executive offices) (Zip Code)



               Registrant's telephone number, including area code:
                                 (303) 691-2115



          (Former name or former address, if changed since last report)

                                 NOT APPLICABLE


<PAGE>



                            EXECUTIVE TELECARD, LTD.

ITEM 5            OTHER EVENTS

                  On June 17, 1998,  Executive  TeleCard,  Ltd. (the  "Company")
announced  that it had entered into an Agreement and Plan of Merger (the "Merger
Agreement") between the Company, IDX International,  Inc. ("IDX"),  EXTEL Merger
Sub No. 1, Inc., a wholly owned  subsidiary of the Company  ("Merger Sub"),  and
the  stockholders of IDX,  pursuant to which IDX will merge with and into Merger
Sub,  with the result that Merger Sub will  survive the merger as a wholly owned
subsidiary  of the Company  (the  "Merger").  The Merger,  which is subject to a
number  of  conditions,   including  approval  by  the  Federal   Communications
Commission, is expected to close in the third quarter of this year.

                  The Merger Agreement provides that all of the shares of common
stock, no par value,  and all of the shares of preferred stock, no par value, of
IDX,  issued and  outstanding  immediately  prior to the  effective  time of the
Merger  (excluding any treasury  shares),  shall be converted into and exchanged
for,  in the  aggregate,  the right to receive  (a)  500,000  shares of Series B
Convertible Preferred Stock, par value $.001 per share, of the Company ("Company
Convertible Preferred Stock"), the rights and preferences of which are set forth
in the form of  Certificate  of  Designations,  Rights  and  Preferences  of the
Company Convertible Preferred Stock which is attached as Exhibit A to the Merger
Agreement,  (b) warrants to purchase 2,500,000 shares of Common Stock, par value
$.001  per  share,  of the  Company  (subject  to  adjustments  based  upon  IDX
performance and the Company's market price), the terms of which are set forth in
the form of Warrant which is attached as Exhibit B to the Merger Agreement,  and
(c) $5,000,000 in cash, which amount is subject to decrease.

                  The foregoing  description  of the Merger  Agreement  does not
purport  to be  complete  and is  qualified  in its  entirety  by the  terms and
conditions of the Merger Agreement. The Merger Agreement (including the exhibits
thereto) is being filed herewith as Exhibit 2.1, and is  incorporated  herein by
reference.  A copy of the press release  announcing  the execution of the Merger
Agreement is attached as Exhibit 99.1 and is incorporated herein by reference.

ITEM 7            FINANCIAL  STATEMENTS,  PRO FORMA  FINANCIAL  INFORMATION  AND
                  EXHIBITS

                  (c)      Exhibits.

2.1               Agreement  and Plan of  Merger,  dated June __,  1998,  by and
                  among Executive TeleCard, Ltd., IDX International, Inc., EXTEL
                  Merger  Sub  No.  1,  Inc.   and  the   stockholders   of  IDX
                  International, Inc.


                                       -2-


<PAGE>


99.1              Press  Release,  dated June 17, 1998,  regarding the Agreement
                  and Plan of Merger and the transactions contemplated thereby.























                                      -3-


<PAGE>



                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          EXECUTIVE TELECARD, LTD.

Date:  June 22, 1998                        By:     /s/ W.P. Colin Smith, Jr.
                                                    -------------------------
                                                    W. P. Colin Smith, Jr.
                                                    Vice President of Legal
                                                     Affairs and General Counsel
















                                      -4-


<PAGE>


                                  EXHIBIT INDEX
                                  -------------
<TABLE>
<CAPTION>
Exhibit                                          Description                             Page
-------                                          -----------                             ----

<S> <C>                                                                                <C>
    2.1           Agreement  and Plan of  Merger,  dated June __,  1998,  by and
                  among Executive TeleCard, Ltd., IDX International, Inc., EXTEL
                  Merger  Sub  No.  1,  Inc.   and  the   stockholders   of  IDX
                  International, Inc.

    99.1          Press  Release  dated June 17, 1998  relating to the Agreement
                  and Plan of Merger and the transactions contemplated thereby
</TABLE>
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5976}]
{"company-data": {"conformed-name": "EXECUTIVE TELECARD LTD", "cik": "0000842807", "assigned-sic": "7389", "irs-number": "133486421", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10210", "film-number": "98653370"}, "business-address": {"street1": "1720 SOUTH BELLAIRE STREET, SUITE 1000", "city": "DENVER", "state": "CO", "zip": "80222", "phone": "(303)691-2"}, "mail-address": {"street1": "4260 EAST EVANS AVE", "city": "DENVER", "state": "CO", "zip": "80222"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):       Commission File Number:
              JUNE 24, 1998                                     1-10210

                            EXECUTIVE TELECARD, LTD.
             (Exact name of registrant as specified in its charter)

                 DELAWARE                                     13-3486421
       (State or other jurisdiction                          (IRS Employer
             of incorporation)                          Identification Number)

                       1720 S. BELLAIRE STREET, 10TH FLOOR
                             DENVER, COLORADO 80222
              (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                                 (303) 691-2115

          (Former name or former address, if changed since last report)

                                 NOT APPLICABLE
EXECUTIVE TELECARD, LTD.

ITEM 5            OTHER EVENTS

                  On June 17, 1998,  Executive  TeleCard,  Ltd. (the  "Company")
announced  that it had entered into an Agreement and Plan of Merger (the "Merger
Agreement") between the Company, IDX International,  Inc. ("IDX"),  EXTEL Merger
Sub No. 1, Inc., a wholly owned  subsidiary of the Company  ("Merger Sub"),  and
the  stockholders of IDX,  pursuant to which IDX will merge with and into Merger
Sub,  with the result that Merger Sub will  survive the merger as a wholly owned
subsidiary  of the Company  (the  "Merger").  The Merger,  which is subject to a
number  of  conditions,   including  approval  by  the  Federal   Communications
Commission, is expected to close in the third quarter of this year.

                  The Merger Agreement provides that all of the shares of common
stock, no par value,  and all of the shares of preferred stock, no par value, of
IDX,  issued and  outstanding  immediately  prior to the  effective  time of the
Merger  (excluding any treasury  shares),  shall be converted into and exchanged
for,  in the  aggregate,  the right to receive  (a)  500,000  shares of Series B
Convertible Preferred Stock, par value $.001 per share, of the Company ("Company
Convertible Preferred Stock"), the rights and preferences of which are set forth
in the form of  Certificate  of  Designations,  Rights  and  Preferences  of the
Company Convertible Preferred Stock which is attached as Exhibit A to the Merger
Agreement,  (b) warrants to purchase 2,500,000 shares of Common Stock, par value
$.001  per  share,  of the  Company  (subject  to  adjustments  based  upon  IDX
performance and the Company's market price), the terms of which are set forth in
the form of Warrant which is attached as Exhibit B to the Merger Agreement,  and
(c) $5,000,000 in cash, which amount is subject to decrease.

                  The foregoing  description  of the Merger  Agreement  does not
purport  to be  complete  and is  qualified  in its  entirety  by the  terms and
conditions of the Merger Agreement. The Merger Agreement (including the exhibits
thereto) is being filed herewith as Exhibit 2.1, and is  incorporated  herein by
reference.  A copy of the press release  announcing  the execution of the Merger
Agreement is attached as Exhibit 99.1 and is incorporated herein by reference.

ITEM 7            FINANCIAL  STATEMENTS,  PRO FORMA  FINANCIAL  INFORMATION  AND
                  EXHIBITS

                  (c)      Exhibits.

2.1               Agreement  and Plan of  Merger,  dated June __,  1998,  by and
                  among Executive TeleCard, Ltd., IDX International, Inc., EXTEL
                  Merger  Sub  No.  1,  Inc.   and  the   stockholders   of  IDX
                  International, Inc.

                                       -2-
99.1              Press  Release,  dated June 17, 1998,  regarding the Agreement
                  and Plan of Merger and the transactions contemplated thereby.

                                      -3-
SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          EXECUTIVE TELECARD, LTD.

Date:  June 22, 1998                        By:     /s/ W.P. Colin Smith, Jr.
                                                    -------------------------
                                                    W. P. Colin Smith, Jr.
                                                    Vice President of Legal
                                                     Affairs and General Counsel

                                      -4-
EXHIBIT INDEX
                                  -------------
Exhibit                                          Description                             Page
-------                                          -----------                             ----
2.1           Agreement  and Plan of  Merger,  dated June __,  1998,  by and
                  among Executive TeleCard, Ltd., IDX International, Inc., EXTEL
                  Merger  Sub  No.  1,  Inc.   and  the   stockholders   of  IDX
                  International, Inc.

    99.1          Press  Release  dated June 17, 1998  relating to the Agreement
                  and Plan of Merger and the transactions contemplated thereby