PUBLIC NOTICE
                                                                         
                                        Federal Communications Commission
                                                         1919 M St., N.W.
                                                   Washington, D.C. 20554


      February 13, 1996

Telecommunications Development Fund
Reques               t for Board of Directors Nominations

                                     In the Telecommunications Act of 1996, Congress created the Telecommunications Development Fund
("the Fund").  Public Law 104-104, 110 Stat. 56, Section 707.  The Fund will promote access to capital for
small businesses in the telecommunications industry, stimulate the development of new technology, and
support delivery of universal service.  The Fund will do so, in part, by making loans to or investments in eligible
small businesses, providing financial advice to small businesses, and conducting research.

 The statute requires the Chairman of the Federal Communications Commission to appoint a seven-
member Board of Directors to administer the Fund, including a Chairperson.  Under the statute, four members
will come from the private sector, and three members will come from the federal government (one
representative each from the Federal Communications Commission, the Small Business Administration, and the
Department of Treasury).  The statute mandates that Directors include members with experience in finance,
investment banking, government banking, communications law and administrative practice, and public policy.

 The Commission requests individuals interested in serving or nominating another individual to serve on
the Board of Directors of the Telecommunications Development Fund to submit a statement of interest and
qualifications.  Statements should be submitted by noon on Friday, February 23, 1996 to Ms. Catherine J.K.
Sandoval, Director, Office of Communications Business Opportunities, Federal Communications Commission,
1919 M Street, N.W., Suite 644, Washington, D.C. 20554 (facsimile: (202) 418-0235).  

 For further information, contact: Catherine J.K. Sandoval, Office of Communications Business
Opportunities, 418-0990 (e-mail: csandova@FCC.gov),  or Karen L. Gulick, Office of General Counsel, 418-
1700 (e-mail kgulick@FCC.gov).       


--FCC--