-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000909518-03-000555.txt : 20030813
<SEC-HEADER>0000909518-03-000555.hdr.sgml : 20030813
<ACCEPTANCE-DATETIME>20030812182721
ACCESSION NUMBER:		0000909518-03-000555
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20030813
GROUP MEMBERS:		LUK ACQUISITION I, LLC
GROUP MEMBERS:		LUK ACQUISITION II, LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WILTEL COMMUNICATIONS GROUP INC
		CENTRAL INDEX KEY:			0001195454
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				010744785
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78549
		FILM NUMBER:		03838711

	MAIL ADDRESS:	
		STREET 1:		ONE TECHNOLOGY CENTER
		CITY:			TULSA
		STATE:			OK
		ZIP:			74103

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEUCADIA NATIONAL CORP
		CENTRAL INDEX KEY:			0000096223
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				132615557
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		315 PARK AVE S
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		2124601900

	MAIL ADDRESS:	
		STREET 1:		315 PARK AVENUE SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TALCOTT NATIONAL CORP
		DATE OF NAME CHANGE:	19800603
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>jd8-12_13da5.txt
<TEXT>
================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 AMENDMENT NO. 5
                                  SCHEDULE 13D
                                 (Rule 13d-101)
                    Under the Securities Exchange Act of 1934

                        WILTEL COMMUNICATIONS GROUP, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of class of securities)

                                   972487 10 2
- --------------------------------------------------------------------------------
                                 (CUSIP number)

                                JOSEPH A. ORLANDO
                   VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
                          LEUCADIA NATIONAL CORPORATION
                              315 PARK AVENUE SOUTH
                            NEW YORK, NEW YORK 10010


                                 WITH A COPY TO:


                            ANDREA A. BERNSTEIN, ESQ.
                           WEIL, GOTSHAL & MANGES LLP
                                767 FIFTH AVENUE
                            NEW YORK, NEW YORK 10153
- --------------------------------------------------------------------------------
            (Name, address and telephone number of person authorized
                     to receive notices and communications)

                                 AUGUST 12, 2003
- --------------------------------------------------------------------------------

             (Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].

Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. The information required on the
remainder of this cover page shall not be deemed to be "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section of the Exchange Act but
shall be subject to all other provisions of the Exchange Act.

                         (Continued on following pages)
                               (Page 1 of 7 pages)
================================================================================


<PAGE>
<TABLE>
<CAPTION>

- ----------------------------------------------------------------------------------                ----------------------------------
CUSIP No.  972487 10 2                                                                  13D
- ----------------------------------------------------------------------------------                ----------------------------------
<S>                  <C>                                                         <C>                                 <C>
- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          1            NAME OF REPORTING PERSON:                                   LUK Acquisition I, LLC
                       S.S. OR I.R.S. IDENTIFICATION NO.
                       OF ABOVE PERSON:
- ---------------------- -------------------------------------------------------------------------------------------------------------
          2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                                (a) [x]
                                                                                                                        (b) [_]
- ---------------------- -------------------------------------------------------------------------------------------------------------
          3            SEC USE ONLY

- ---------------------- ------------------------------------- -----------------------------------------------------------------------
          4            SOURCE OF FUNDS:                      N/A

- ---------------------- -------------------------------------------------------------------------------------------------------------
          5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):               [_]
- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          6            CITIZENSHIP OR PLACE OF ORGANIZATION:                       Delaware

- ----------------------------------- -------- ---------------------------------------------------- ----------------------------------
            NUMBER OF                  7     SOLE VOTING POWER:                                   -0-
              SHARES
                                    -------- ---------------------------------------------------- ----------------------------------
           BENEFICIALLY                8     SHARED VOTING POWER:                                 11,775,000 (see Item 5)
             OWNED BY
                                    -------- ---------------------------------------------------- ----------------------------------
               EACH                    9     SOLE DISPOSITIVE POWER:                              -0-
            REPORTING
                                    -------- ---------------------------------------------------- ----------------------------------
           PERSON WITH                10     SHARED DISPOSITIVE POWER:                            11,775,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------- ----------------------------------
         11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                   11,775,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------------------------------------------
         12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                                 [_]

- ---------------------- -------------------------------------------------------------------------------------------------------------
         13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  23.55%

- ---------------------- ----------------------------------------------------------- -------------------------------------------------
         14            TYPE OF REPORTING PERSON:                                   OO         (Limited Liability Company)

- ---------------------- ----------------------------------------------------------- -------------------------------------------------


                                       2
<PAGE>
- ----------------------------------------------------------------------------------                ----------------------------------
CUSIP No.  972487 10 2                                                                  13D
- ----------------------------------------------------------------------------------                ----------------------------------

- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          1            NAME OF REPORTING PERSON:                                   LUK Acquisition II, LLC
                       S.S. OR I.R.S. IDENTIFICATION NO.
                       OF ABOVE PERSON:
- ---------------------- -------------------------------------------------------------------------------------------------------------
          2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                                 (a) [x]
                                                                                                                         (b) [_]
- ---------------------- -------------------------------------------------------------------------------------------------------------
          3            SEC USE ONLY

- ---------------------- ------------------------------------- -----------------------------------------------------------------------
          4            SOURCE OF FUNDS:                      N/A

- ---------------------- -------------------------------------------------------------------------------------------------------------
          5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):              [_]
- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          6            CITIZENSHIP OR PLACE OF ORGANIZATION:                       Delaware

- ----------------------------------- -------- ---------------------------------------------------- ----------------------------------
            NUMBER OF                  7     SOLE VOTING POWER:                                   -0-
              SHARES
                                    -------- ---------------------------------------------------- ----------------------------------
           BENEFICIALLY                8     SHARED VOTING POWER:                                 10,225,000 (see Item 5)
             OWNED BY
                                    -------- ---------------------------------------------------- ----------------------------------
               EACH                    9     SOLE DISPOSITIVE POWER:                              -0-
            REPORTING
                                    -------- ---------------------------------------------------- ----------------------------------
           PERSON WITH                10     SHARED DISPOSITIVE POWER:                            10,225,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------- ----------------------------------
         11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                   10,225,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------------------------------------------
         12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                                [_]

- ---------------------- -------------------------------------------------------------------------------------------------------------
         13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):   20.45%

- ---------------------- ----------------------------------------------------------- -------------------------------------------------
         14            TYPE OF REPORTING PERSON:                                   OO         (Limited Liability Company)

- ---------------------- ----------------------------------------------------------- -------------------------------------------------


                                       3
<PAGE>
- ----------------------------------------------------------------------------------                ----------------------------------
CUSIP No.  972487 10 2                                                                  13D
- ----------------------------------------------------------------------------------                ----------------------------------

- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          1            NAME OF REPORTING PERSON:                                   Leucadia National Corporation
                       S.S. OR I.R.S. IDENTIFICATION NO.
                       OF ABOVE PERSON:
- ---------------------- -------------------------------------------------------------------------------------------------------------
          2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                                 (a) [x]
                                                                                                                         (b) [_]
- ---------------------- -------------------------------------------------------------------------------------------------------------
          3            SEC USE ONLY

- ---------------------- ------------------------------------- -----------------------------------------------------------------------
          4            SOURCE OF FUNDS:                      N/A

- ---------------------- -------------------------------------------------------------------------------------------------------------
          5            CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):               [_]
- ---------------------- ----------------------------------------------------------- -------------------------------------------------
          6            CITIZENSHIP OR PLACE OF ORGANIZATION:                       New York

- ----------------------------------- -------- ---------------------------------------------------- ----------------------------------
            NUMBER OF                  7     SOLE VOTING POWER:                                     1,700,000
              SHARES
                                    -------- ---------------------------------------------------- ----------------------------------
           BENEFICIALLY                8     SHARED VOTING POWER:                                 22,000,000 (see Item 5)
             OWNED BY
                                    -------- ---------------------------------------------------- ----------------------------------
               EACH                    9     SOLE DISPOSITIVE POWER:                                1,700,000
            REPORTING
                                    -------- ---------------------------------------------------- ----------------------------------
           PERSON WITH                10     SHARED DISPOSITIVE POWER:                            22,000,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------- ----------------------------------
         11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:                   23,700,000 (see Item 5)

- ---------------------- -------------------------------------------------------------------------------------------------------------
         12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                                [_]

- ---------------------- -------------------------------------------------------------------------------------------------------------
         13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):  47.40%

- ---------------------- ----------------------------------------------------------- -------------------------------------------------
         14            TYPE OF REPORTING PERSON:                                   CO

- ---------------------- ----------------------------------------------------------- -------------------------------------------------

</TABLE>

                                       4
<PAGE>
Item 1.    Security and Issuer.
           -------------------

           This Statement constitutes Amendment No. 5 ("Amendment No. 5") to the
statement on Schedule 13D (the "Original 13D") filed with the Securities and
Exchange Commission by Leucadia National Corporation ("Leucadia"), and its
subsidiaries, LUK Acquisition I, LLC ("LUK I") and LUK Acquisition II, LLC ("LUK
II"), with respect to the common stock, $0.01 par value per share (the "WilTel
Common Stock"), of WilTel Communications Group, Inc., a Nevada corporation
("WilTel").

           Unless otherwise indicated, all capitalized terms used herein have
the meanings ascribed to them in the Original 13D.

Item 4.    Purpose of Transaction.
           ----------------------

           On August 12, 2003, Leucadia and WilTel issued a joint press release
announcing that Leucadia and the special committee of independent directors of
WilTel reached an agreement in principle whereby WilTel will become a wholly
owned subsidiary of Leucadia. A copy of the press release is attached hereto as
Exhibit 2 and is incorporated herein by reference.

           This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offering of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the Securities Act of
1933, as amended.

           Any offer will only be made through a prospectus, which is part of a
registration statement to be filed with the SEC. WilTel shareholders are urged
to carefully read the registration statement and the prospectus included
therein, and the Schedule TO and other documents relating to an offer, when they
become available because these documents will contain important information
relating to the offer. You may obtain a free copy of these documents after they
have been filed with the SEC, and other documents filed by Leucadia with the
SEC, at the SEC's website at www.sec.gov. Once a registration statement, as well
as any documents incorporated by reference therein and a Schedule TO have been
filed with the SEC, you will also be able to inspect and copy these documents at
the public reference room maintained by the SEC at 450 Fifth Street, NW,
Washington, D.C. 20549. YOU SHOULD CAREFULLY READ THE PROSPECTUS AND THE TENDER
OFFER STATEMENT ON SCHEDULE TO WHEN THEY BECOME AVAILABLE BEFORE MAKING A
DECISION CONCERNING AN OFFER

Item 7.    Material to be Filed as Exhibits.
           --------------------------------

           1. Agreement among the Beneficial Owners with respect to the filing
of this Amendment No. 5.

           2. Press release of Leucadia National Corporation and WilTel
Communications Group, Inc. dated August 12, 2003.



                                       5
<PAGE>
                                    SIGNATURE
                                    ---------

                     After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true,
complete and correct.

      Dated:  August 12, 2003

                                 LUK ACQUISITION I, LLC


                                 BY: /s/ Joseph A. Orlando
                                    --------------------------------------------
                                      Name: Joseph A. Orlando
                                      Title: President

                                 LUK ACQUISITION II, LLC


                                 BY: /s/ Joseph A. Orlando
                                    --------------------------------------------
                                      Name: Joseph A. Orlando
                                      Title: President

                                 LEUCADIA NATIONAL CORPORATION


                                 BY: /s/ Joseph A. Orlando
                                    --------------------------------------------
                                     Name: Joseph A. Orlando
                                     Title: Vice President and Chief Financial
                                     Officer


                                       6
<PAGE>
                                  EXHIBIT INDEX
                                  -------------

Exhibit No.
- -----------

Exhibit 1      Agreement among the Beneficial Owners with respect to the filing
               of this Amendment No. 5.

Exhibit 2      Press release of Leucadia National Corporation and WilTel
               Communications Group, Inc. dated August 12, 2003.






                                       7

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>jd8-12ex_1.txt
<DESCRIPTION>1
<TEXT>
                                                                       EXHIBIT 1

                                    AGREEMENT

           This will confirm the agreement by and among all the undersigned that
the Amendment No. 5 to Schedule 13-D filed on or about this date with respect to
the beneficial ownership of the undersigned of shares of the common stock of
WilTel Communications Group, Inc. is being filed on behalf of each of the
entities named below.

Dated:  August 12, 2003

                                      LUK ACQUISITION I, LLC
                                      LUK ACQUISITION II, LLC
                                      LEUCADIA NATIONAL CORPORATION



                                      BY:  /s/ Joseph A. Orlando
                                         --------------------------------------
                                         Name:   Joseph A. Orlando
                                         Title:  President of each of LUK
                                         Acquisition I, LLC and LUK Acquisition
                                         II, LLC and Vice President and Chief
                                         Financial Officer of Leucadia National
                                         Corporation






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>jd8-12ex_2.txt
<DESCRIPTION>2
<TEXT>
                                                                       EXHIBIT 2

                                                                 August 12, 2003

FOR IMMEDIATE RELEASE
Contact:  Laura Ulbrandt (212) 460-1900


                        LEUCADIA NATIONAL CORPORATION AND
                   WILTEL COMMUNICATIONS GROUP, INC. ANNOUNCE
                                MERGER AGREEMENT

Leucadia National Corporation (LUK - NYSE and PCX) and WilTel Communications
Group, Inc. (WTEL - Nasdaq) announced today that Leucadia and the special
committee of independent directors of WilTel reached an agreement in principle
whereby WilTel will become a wholly owned subsidiary of Leucadia. Leucadia and
WilTel intend to enter into a merger agreement that provides for a first-step
exchange offer pursuant to which tendering WilTel stockholders will receive
0.4242 of a Leucadia common share for each share of WilTel common stock to be
followed by a back-end merger for the same consideration as offered in the
exchange offer. This exchange ratio represents a 50.3% premium to WilTel's stock
price on May 14, 2003 ($10.60), the day before Leucadia announced its original
proposal, and a 13.3% premium to WilTel's stock price based on the respective
closing prices of the common stock of Leucadia ($37.56 per share) and WilTel
($14.06 per share) on August 11, 2003. At this exchange ratio, if all of the
publicly held WilTel shares are acquired by Leucadia, the former public
stockholders of WilTel would own approximately 15.8% of Leucadia. In addition,
in the exchange offer and merger WilTel stockholders will receive contingent
stock rights which entitle WilTel stockholders to additional Leucadia common
shares if Leucadia sells substantially all of WilTel's assets prior to October
15, 2004 (which Leucadia has no plans to do) and the net proceeds exceed the
price paid pursuant to this transaction. The special committee was advised by
J.P. Morgan Securities.

Consummation of this transaction is subject to the negotiation and execution of
a definitive agreement, certain regulatory approvals and a non-waivable
condition that the holders of at least a majority of the WilTel shares that are
not beneficially owned by Leucadia and its affiliates have tendered and not
withdrawn their shares in the exchange offer, as well as other customary
conditions.

This press release may contain "forward-looking statements" as defined by
federal law. Although Leucadia and WilTel believe any such statements are based
on reasonable assumptions, there is no assurance that actual outcomes will not
be materially different. Any such statements are made in reliance on the "safe
harbor" protections provided under the Private Securities Litigation Reform Act
of 1995. Leucadia and WilTel assume no obligation to update those statements to
reflect actual results, changes in assumptions and other factors. The
forward-looking statements are subject to known and unknown risks, uncertainties
and other factors that could cause actual results to differ materially from
those projected. Additional information that could lead to material changes in
performance is contained in filings with the Securities and Exchange Commission
(the "SEC") made by Leucadia and WilTel.


<PAGE>
Leucadia National Corporation is a holding company engaged in a variety of
businesses, including telecommunications (principally through its 47.4% interest
in WilTel), banking and lending (principally through American Investment Bank,
N.A.), manufacturing (through its Plastics Division), real estate activities,
winery operations, development of a copper mine (through its 72.8% interest in
MK Gold Company) and property and casualty reinsurance. Leucadia currently has
equity interests of more than 5% in the following domestic public companies:
AmeriKing, Inc. (6.8%), Carmike Cinemas, Inc. (11%), GFSI Holdings, Inc. (6.9%),
The FINOVA Group, Inc. (indirectly 25% through its interest in Berkadia),
HomeFed Corporation (30.3%), Jackson Products, Inc. (8.8%), Jordan Industries,
Inc. (10.1%), ParkerVision, Inc. (7.4%) and WilTel Communications Group, Inc.
(47.4%).

WilTel Communications Group, Inc., through its operating subsidiary WilTel
Communications, LLC, provides data, voice and media transport solutions to a
growing carrier-class customer base with complex communications needs. Such
customers include leading global telecommunications and media and entertainment
companies -- companies where bandwidth is either their primary business or a
core component of the products and services they deliver. WilTel's advanced
network infrastructure reaches border-to-border and coast- to-coast with
international connectivity to accommodate global traffic.

Leucadia will file an amended Schedule 13D today with the SEC, which
shareholders can obtain free of charge from the SEC's website at http:
www.sec.gov. This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offering of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the Securities Act of
1933, as amended. Any offer will only be made through a prospectus, which is
part of a registration statement to be filed with the SEC. WilTel shareholders
are urged to carefully read the registration statement and the prospectus
included therein, and the Schedule TO and other documents relating to an offer,
when they become available because these documents will contain important
information relating to the offer. You may obtain a free copy of these documents
after they have been filed with the SEC, and other documents filed by Leucadia
with the SEC, at the SEC's website at www.sec.gov. Once a registration
statement, as well as any documents incorporated by reference therein and a
Schedule TO have been filed with the SEC, you will also be able to inspect and
copy these documents at the public reference room maintained by the SEC at 450
Fifth Street, NW, Washington, D.C. 20549. YOU SHOULD CAREFULLY READ THE
PROSPECTUS AND THE TENDER OFFER STATEMENT ON SCHEDULE TO WHEN THEY BECOME
AVAILABLE BEFORE MAKING A DECISION CONCERNING AN OFFER.


                                       2

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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