<SUBMISSION>
<ACCESSION-NUMBER>0001299933-06-006772
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20061023
<ITEMS>5.02
<FILING-DATE>20061023
<DATE-OF-FILING-DATE-CHANGE>20061023
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACE COMM CORP
<CIK>0001017526
<ASSIGNED-SIC>7373
<IRS-NUMBER>521283030
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-21059
<FILM-NUMBER>061157128
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>704 QUINCE ORCHARD RD
<CITY>GAITHERBURG
<STATE>MD
<ZIP>20878
<PHONE>3012589850
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>704 QUINCE ORCHARD ROAD
<CITY>GAITHERSBERG
<STATE>MD
<ZIP>20878
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_15704.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> ACE*COMM Corporation (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	October 23, 2006
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	ACE*COMM Corporation
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Maryland
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	0-21059
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	52-1283030
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	704 Quince Orchard Road, Gaithersburg, Maryland
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	20878
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	301-721-3814
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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As of October 23, 2006, John B. Bennett, ACE*COMM Corporation&#x2019;s President since June 2005, will be leaving the Company. A copy of the press release issued by the Company on October 23, 2006 is being furnished as exhibit 99.1 to this Form 8-K.<br><br>George T. Jimenez, the Company&#x2019;s Chief Executive Officer, has been elected President of the Company by the Board of Directors effective as of October 23, 2006 and will serve until a permanent President is elected by the Company&#x2019;s Board of Directors.  Mr. Jimenez, age 70, has served as Chief Executive Officer of the Company since 1996, and Treasurer from 1983 to present. He also served as President from 1983 to September 1999 and July 2001 to June 2005. Mr. Jimenez has been Chairman of the Board of Directors since 1983.  There is no family relationship between Mr. Jimenez and any of the Company&#x2019;s other directors and executive officers.  There have been no transactions since the beginning of the current fiscal year or any currently proposed transaction in which Mr. Jimenez or any member of his immediate family has had any direct or indirect material interest.  Mr. Jimenez is not a party to an employment agreement with the Company.
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<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">The information in this current report is being furnished and shall not be deemed &#x201C;filed&#x201D; for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.  The information in this current report shall not be incorporated by reference into any registration statement or other document filed with the Commission, except as shall be expressly set forth by specific reference in such filing.</P><!-- PageBreak START -->
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	SIGNATURES
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	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.
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	ACE*COMM Corporation
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<I>
	October 23, 2006
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<I>
	By:
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<I>
	/s/ Steven R. Delmar
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	Name: Steven R. Delmar
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	Title: Chief Financial Officer
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	Exhibit&nbsp;Index
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	99.1
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Press release, dated October 23, 2006 announcing the departure of president John Bennett
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<P align="left" style="font-size: 10pt; text-indent: 14%"><FONT style="font-size: 10pt">
</FONT>

<P align="center" style="font-size: 10pt"><FONT style="font-size: 14pt"><B>ACE*COMM ANNOUNCES DEPARTURE OF PRESIDENT JOHN BENNETT</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>Gaithersburg, MD&#150; </B><I>October&nbsp;23, 2006 </I><B>&#150; </B>ACE*COMM Corporation (NASDAQ: <U>ACEC</U>), a global
provider of advanced OSS and value-added services applications, today announced that John Bennett,
its president since June&nbsp;2005, will be leaving the Company.
</FONT>

<P align="left" style="font-size: 12pt">&#147;Through some difficult times, John has demonstrated his leadership and professionalism,&#148; said
George T. Jimenez, CEO of ACE*COMM. &#147;Over the course of the past year, he has worked diligently to
manage our corporate operations and sales functions, and has been a most effective representative
of the company&#146;s interests around the world. On behalf of the rest of the management team, I would
like to express our appreciation for his contributions and wish him well in his future endeavors.&#148;


<P align="left" style="font-size: 12pt">Mr.&nbsp;Bennett&#146;s duties will be assumed by other members of the management team, until a replacement
is named.


<P align="left" style="font-size: 12pt">Management will be holding a conference call on Thursday, October&nbsp;26, 2006 at 5:30 pm, Eastern
Standard Time, to discuss the first quarter results and current corporate activities. To
participate, please call 866-837-9780 (within the United States) or 703-639-1418 (outside the
United States). When prompted, enter the ACE*COMM reservation number <B>986238</B>. Internet users can
hear a simultaneous live Webcast of the teleconference at http://acecomm.com or
http://www.fulldisclosure.com. A taped replay of the call will be made available from the ACE*COMM
Corporate Web Site after 8:30 pm, on Thursday, October&nbsp;26, 2006.


<P align="left" style="font-size: 12pt"><B>About ACE*COMM</B>
<BR>
ACE*COMM is a global provider of network business intelligence and advanced operations support
systems (OSS)&nbsp;solutions for telecom service providers and enterprises. ACE*COMM&#146;s solutions are
applicable to a range of legacy through next-generation networks that include wired, wireless,
voice, data, multimedia, and Internet communications networks. These solutions provide the
analytical tools required for extracting knowledge from operating networks &#150; knowledge customers
use for asset recovery and revenue assurance, cost reduction, improved operational efficiency,
acceleration of time-to-market for new services, and more effective customer care.


<P align="left" style="font-size: 12pt">For over 20&nbsp;years, ACE*COMM technology has been effectively deployed for more than 300 customers,
spanning over 4000 installations in 70 countries worldwide. ACE*COMM-installed products are
currently enabling the success of customers and partners such as Alcatel, AT&#038;T, Cisco, General
Dynamics, IBM, Level 3 Communications, Marconi, Motorola, Northrop Grumman, Siemens, and Unisys.
Headquartered in the Washington, DC area, ACE*COMM has corporate offices in Australia, Canada,
China, and the UK. ACE*COMM is an ISO 9001 compliant company. For more information, visit
www.acecomm.com.


<P align="left" style="font-size: 12pt"><I>ACE*COMM and the ACE*COMM logo are registered trademarks, and ACE*COMM Enterprise Patrol is a
trademark, of ACE*COMM Corporation.</I>


<P align="left" style="font-size: 12pt">Except for historical information, the matters discussed in this news release include
forward-looking statements that are subject to certain risks and uncertainties that could cause the
actual results to differ materially from those projected, including, but not limited to: the
failure of anticipated demand to materialize, delays or cancellations of orders due to various
factors, including business and economic conditions in the U.S. and foreign countries;
industry-wide slowdowns, any limitations on customers&#146; financial resources, the continued
convergence of voice and data networks, the continuing success of the Company&#146;s strategic alliances
for product development and marketing, customer purchasing and budgetary patterns or lack thereof;
pricing pressures and the impact of competitive products; the timely development and acceptance of
new products; the Company&#146;s ability to adequately support its operations, and other risks detailed
from time to time in the Company&#146;s Report on Form 10-Q and other reports filed with the Securities
Exchange Commission.


<P align="left" style="font-size: 12pt"><B>Media Relations Contact:</B>
<BR>
Marcie Weber
<BR>
613.730.4726


<P align="left" style="font-size: 12pt"><FONT style="font-size: 11.5pt"><B>Investor Relations Contacts:</B>
<BR>
Jody Burfening
<BR>
jburfening@lhai.com
<BR>
212.838.3777
</FONT>


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