Below are insider transactions of 1,000 shares or more for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.

Procter & Gamble Co.

Brian J. Buchan,vice president, exercised an option for 71,400 shares of common between $11.20 and $33.13 each Aug. 31 and sold 40,647 shares at $80.31 each Aug. 31 and now directly holds 47,596 common.

Jeffrey D. Jones,vice president, exercised an option for 134,230 shares of common between $15.84 and $40.91 each Aug. 3 and sold 161,135 shares between $78 and $78.75 each Aug. 3 and now directly and indirectly holds 26,638 common.

Alan G. Lafley,vice president, exercised an option for 18,000 shares of common at $25.53 each Aug. 31 and sold 20,000 shares between $79.50 and $79.56 each Aug. 31 and now bTC directly and indirectly holds 43,753 common.

John E. Pepper,chairman, exercised an option for 63,116 and disposed of 592 shares of common at $15.84 each from Aug. 3 to Aug. 25 and now directly and indirectly holds 823,770 common.

Herbert Schmitz,officer, sold 15,000 shares of common at $79.50 each Aug. 31 and now directly holds 34,764 common.

Durk I. Jager,officer, exercised an option for 5,000 shares of common at $11.20 each Aug. 4. To cover expenses of the transaction, Jager turned in 2,129 of them for $78.03 each Aug. 4 and now directly and indirectly holds 118,761 common.

MCI Communications

Timothy F. Price,officer, exercised an option for 5,360 shares of common at $59.31 each Sept. 14 and now directly and indirectly holds 47,970 common.

Bert C. Roberts,chairman, exercised an option for 328,500 shares of common between $26.88 and $36.25 each from Aug. 14 to Sept. 8. To cover expenses of the transaction, Roberts turned in 89,282 of them for $59.31 each from Aug. 14 to Sept. 8 and sold 328,500 shares in the open market at $59.09 each from Aug. 14 to Sept. 8 and now directly holds 561,433 common.

Pub Date: 10/12/98