THE PARTIES

Pursuant to Rule 51.1(a) of the Commission Rules of Practice and Procedure, the following parties hereby enter into this Settlement of Commission proceeding
I.00-01-018, dated the 13th day of July 2001:

· CONSUMER SERVICES DIVISION (CSD) of the CALIFORNIA PUBLIC UTILITIES COMMISSION (COMMISSION);

· NATIONAL TELECOMMUNICATIONS, INC. (d.b.a. FUTURE-TEL COMMUNICATIONS); LEAST COST ROUTING, INC.; and LONG DISTANCE CHARGES, INC.;

· NED GERSHENSON (GERSHENSON);

· DORIS FISHER (FISHER); and

· TEL-SAVE, INC. (TS).

The National Telecommunications, Inc. (d.b.a. Future-Tel Communications), Least Cost Routing, Inc., Long Distance Charges, Inc., Gershenson, and Fisher are herein collectively referred to as the "Companies." The Companies and TS are collectively herein referred to as the "Respondents." The Respondents and CSD are collectively herein referred to as the "Parties."

Respondents agree to be jointly and severally responsible for performance of their monetary payment obligations as provided for in this Settlement. Further, Respondents intend that this Settlement shall bind their respective legal successors, purchasers, heirs, representatives, assignees, partners, parent or subsidiary corporation(s), limited liability company, directors, officers, shareholders, divisions, units, employees, principals, agents, affiliated persons, or any business which Respondents (either jointly or severally) operate, manage, direct, control, own, or in which a Respondent is a ten percent or greater shareholder.