<PAGE>

                                FORM 10-K/A NO. 1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
              ____________________________________________________

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 [FEE REQUIRED]

For the fiscal year ended December 31, 1993

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

     For the transition period from __________ to __________________________

     Commission file number 1-8519

                              CINCINNATI BELL INC.

            An Ohio                                         I.R.S. Employer
          Corporation                                       No. 31-1056105

                 201 East Fourth Street, Cincinnati, Ohio  45202
                          Telephone Number 513 397-9900
              ____________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

                                                       Name of each exchange
                 Title of each class                    on which registered
                 -------------------                   ---------------------

          Common Shares (par value $1.00 per share)    New York Stock Exchange
          Preferred Share Purchase Rights              Cincinnati Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:
              ____________________________________________________

     At February 28, 1994, 65,094,358 Common Shares were outstanding.

     At February 28, 1994, the aggregate market value of the voting shares owned
     by non-affiliates was $1,058,203,575.

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes  X   No
   -----   -----

     Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein,
and will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.  [ ]
              ____________________________________________________

                       DOCUMENTS INCORPORATED BY REFERENCE

(1)  Portions of the registrant's annual report to security holders for the
     fiscal year ended December 31, 1993 (Parts I, II and IV)

(2)  Portions of the registrant's definitive proxy statement dated March 14,
     1994 issued in connection with the annual meeting of shareholders
     (Part III)

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
     registrant has duly caused this Amendment to be signed on its behalf by the
     undersigned, hereunto duly authorized.

                                             CINCINNATI BELL INC.

                                             By: \s\ Brian C. Henry
                                                --------------------------------
                                                 Brian C. Henry, Executive Vice
                                                 President and Chief Financial
Date:  June 21, 1994                             Officer







<PAGE>

                                                       EXHIBIT 99(a)
                                                            TO
                                                     FORM 10-K FOR 1993
                                                      File No. 1-8519




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549



                                    FORM 11-K



(Mark One)

   [ ]         ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                    For the fiscal year ended December 31, 1993

                                      OR

   [ ]         TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                    For the transition period from ____ to ____

                         Commission File Number  1-8519




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

                              CINCINNATI BELL INC.
                             RETIREMENT SAVINGS PLAN

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


                              CINCINNATI BELL INC.
                             201 East Fourth Street
                             Cincinnati, Ohio  45202


<PAGE>


Report of Independent Accountants

Financial Statements:

     Statements of Net Assets Available for Plan Benefits

     Statements of Changes in Net Assets Available for Plan Benefits


     Notes to Financial Statements

Schedules:

     Schedule of Investments

     Other schedules are omitted because the information required is contained
     in the financial statements.


<PAGE>

 
                                  SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
members of the Employees' Benefit Committee have duly caused this annual report
to be signed by the undersigned, thereunto duly authorized.

                                          CINCINNATI BELL INC. RETIREMENT
                                                SAVINGS PLAN



                                          By  \s\ Kim M. Cornelius
                                             -----------------------------------
                                                  Kim M. Cornelius
                                                  Assistant
 Secretary
                                                  Employees' Benefit Committee




May 31, 1994



<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS

Savings Plan Committee of the
    Cincinnati Bell Inc.
    Retirement Savings Plan

We have audited the accompanying statements of net assets available for plan
benefits of the Cincinnati Bell Inc. Retirement Savings Plan as of December 31,
1993 and 1992 and the related statements of changes in net assets available for
plan benefits for the period ended December 31, 1993. These financial statements
are the responsibility of the Plan Administrator. Our responsibility is to
express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the
Cincinnati Bell Inc. Retirement Savings Plan as of December 31, 1993 and 1992,
and the changes in net assets available for plan benefits for the period ended
December 31, 1993, in conformity with generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed in the
accompanying index on page 1 is presented for the purpose of additional analysis
and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedule has been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
May 6, 1994



<PAGE>

                  CINCINNATI BELL INC. RETIREMENT SAVINGS PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                                                            Thousands of Dollars
                                             -------------------------------                    -------------------------------


                                                                                               Equity    Equity       Capital
                                              Cincinnati Bell       Spectrum      Balanced     Income    Index     Appreciation
          ASSETS                             Stable Value Fund     Income Fund      Fund        Fund      Fund         Fund
                                             -----------------     -----------    --------     ------    -----     ------------
<S>                                          <C>                   <C>            <C>         <C>        <C>       <C>
Investments (cost $80,964):

  Temporary cash investments                    $     --              $   --       $  --      $    --     $ --       $   --

  Cincinnati Bell Inc. shares                         --                  --          --           --       --           --

  Mutual funds                                        --               4,685         722       12,110      636        1,165

  Contracts with insurance companies              14,165                  --          --           --       --           --

  Loans to participants                               --                  --          --           --       --           --

  Other receivables                                   --                  --          --           --       --           --
                                                --------              ------       -----      -------     ----       ------

            Total Investments                     14,165               4,685         722       12,110      636        1,165
                                                --------              ------       -----      -------     ----       ------

          LIABILITIES

Administrative fees payable and other                  1                  --          --           --       --           --
                                                --------              ------       -----      -------     ----       ------

Net Assets Available for Plan Benefits          $ 14,164              $4,685       $ 722      $12,110     $636       $1,165
                                                --------              ------       -----      -------     ----       ------
                                                --------              ------       -----      -------     ----       ------

<CAPTION>


                                                                         Thousands of Dollars
                                             ----------------------------                    ----------------------------


                                             International     New America     Cincinnati Bell Inc.     Loan
          ASSETS                              Stock Fund       Growth Fund         Shares Fund          Fund       Total
                                             -------------     -----------     --------------------     ----       -----
<S>                                          <C>               <C>             <C>                    <C>        <C>
Investments (cost $80,964):

  Temporary cash investments                    $   --            $   --             $  1,699         $    --    $  1,699

  Cincinnati Bell Inc. shares                       --                --               64,247              --      64,247

  Mutual funds                                   1,816             1,777                   --              --      22,911

  Contracts with insurance companies                --                --                   --              --      14,165

  Loans to participants                             --                --                   --           2,086       2,086

  Other receivables                                 --                --                  718              --         718
                                                ------            ------             --------         -------    --------

            Total Investments                    1,816             1,777               66,664           2,086     105,826
                                                ------            ------             --------         -------    --------

          LIABILITIES

Administrative fees payable and other               --                --                   16              --          17
                                                ------            ------             --------         -------    --------

Net Assets Available for Plan Benefits          $1,816            $1,777             $ 66,648         $ 2,086    $105,809
                                                ------            ------             --------         -------    --------
                                                ------            ------             --------         -------    --------

</TABLE>



______________________________
See Notes to Financial Statements.


<PAGE>

                  CINCINNATI BELL INC. RETIREMENT SAVINGS PLAN
         STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
                      FOR THE YEAR ENDED DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                                                                 Thousands of Dollars
                                                  -------------------------------                    -------------------------------


                                                                                                    Equity    Equity       Capital
                                                   Cincinnati Bell       Spectrum      Balanced     Income    Index     Appreciation
                                                  Stable Value Fund     Income Fund      Fund        Fund      Fund         Fund
                                                  -----------------     -----------    --------     ------    -----     ------------
<S>                                               <C>                   <C>            <C>         <C>        <C>       <C>
Net Assets Available for Plan Benefits,
  December 31, 1992                                    $ 15,836            $4,573        $ 199     $10,852     $160        $  324
                                                       --------            ------        -----     -------     ----        ------

Employee allotments                                         790               419          114         751      183           295

Participating Company contributions                          --                --           --          --       --            --

Transfer of participants' balances -- Net                  (322)              285          364         941      300           488
                                                       --------            ------        -----     -------     ----        ------

  Total allotments, contributions and transfers             468               704          478       1,692      483           783

Investment Income:

  Dividends on Cincinnati Bell shares                        --                --           --          --       --            --

  Other dividends                                            --                --           19         845       11            45

  Interest                                                1,031               350           --          --       --            --

Net appreciation/(depreciation) of investments               --               158           35         668       27            62
                                                       --------            ------        -----     -------     ----        ------

          Total additions                                 1,499             1,212          532       3,205      521           890

Less:  Distributions to participants                      3,171             1,100            9       1,947       45            49
       Administrative and other expenses paid
       by the Plan                                           --                --           --          --       --            --
                                                       --------            ------        -----     -------     ----        ------

          Total deductions                                3,171             1,100            9       1,947       45            49

Net Assets Available for Plan Benefits,
  December 31, 1993                                    $ 14,164            $4,685        $ 722     $12,110     $636        $1,165
                                                       --------            ------        -----     -------     ----        ------
                                                       --------            ------        -----     -------     ----        ------

<CAPTION>

                                                                             Thousands of Dollars
                                                  ---------------------------                    -----------------------------


                                                  International     New America     Cincinnati Bell Inc.     Loan
                                                   Stock Fund       Growth Fund         Shares Fund          Fund       Total
                                                  -------------     -----------     --------------------     ----       -----
<S>                                               <C>               <C>             <C>                    <C>        <C>
Net Assets Available for Plan Benefits,
  December 31, 1992                                   $  289           $  550             $ 71,790         $ 2,121    $106,694
                                                      ------           ------             --------         -------    --------

Employee allotments                                      257              468                1,609              --       4,886

Participating Company contributions                       --               --                2,195              --       2,195

Transfer of participants' balances -- Net              1,071              608               (3,263)            (32)        440
                                                      ------           ------             --------         -------     -------

  Total allotments, contributions and transfers        1,328            1,076                  541             (32)      7,521

Investment Income:

  Dividends on Cincinnati Bell shares                     --               --                2,903              --       2,903

  Other dividends                                         42               68                   --              --       1,030

  Interest                                                --               --                   45             160       1,586

Net appreciation/(depreciation) of investments           268              124                4,582              --       5,924
                                                      ------           ------             --------         -------    --------

          Total additions                              1,638            1,268                8,071             128      18,964

Less:  Distributions to participants                     111               41               13,186             163      19,822
       Administrative and other expenses paid
       by the Plan                                        --               --                   27              --          27
                                                      ------           ------             --------         -------    -------

          Total deductions                               111               41               13,213             163      19,849

Net Assets Available for Plan Benefits,
  December 31, 1993                                   $1,816           $1,777             $ 66,648         $ 2,086    $105,809
                                                      ------           ------             --------         -------    --------
                                                      ------           ------             --------         -------    --------

</TABLE>



______________________________
See Notes to Financial Statements.


<PAGE>

                  CINCINNATI BELL INC. RETIREMENT SAVINGS PLAN
              STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                               DECEMBER 31, 1992


<TABLE>
<CAPTION>

                                                                            Thousands of Dollars
                                             -------------------------------                    -------------------------------


                                                                                               Equity    Equity       Capital
                                              Cincinnati Bell       Spectrum      Balanced     Income    Index     Appreciation
          ASSETS                             Stable Value Fund     Income Fund      Fund        Fund      Fund         Fund
                                             -----------------     -----------    --------     ------    -----     ------------
<S>                                          <C>                   <C>            <C>         <C>        <C>       <C>
Investments (cost $83,470):

  Temporary cash investments                     $  1,173            $   --        $  --      $    --     $ --        $   --

  Cincinnati Bell Inc. shares                          --                --           --           --       --            --

  Mutual funds                                         --             4,573          199       10,852      160           324

  Contracts with insurance companies               14,432                --           --           --       --            --

  Loans to participants                                --                --           --           --       --            --

  Other receivables                                   231                --           --           --       --            --
                                                 --------            ------        -----      -------     ----        ------

          Total Investments                        15,836             4,573          199       10,852      160           324
                                                 --------            ------        -----      -------     ----        ------

Net Assets Available for Plan Benefits           $ 15,836            $4,573        $ 199      $10,852     $160        $  324
                                                 --------            ------        -----      -------     ----        ------
                                                 --------            ------        -----      -------     ----        ------

<CAPTION>

                                                                         Thousands of Dollars
                                             ----------------------------                    ----------------------------


                                             International     New America     Cincinnati Bell Inc.     Loan
          ASSETS                              Stock Fund       Growth Fund         Shares Fund          Fund       Total
                                             -------------     -----------     --------------------     ----       -----
<S>                                          <C>               <C>             <C>                    <C>        <C>
Investments (cost $83,470):

  Temporary cash investments                    $   --           $   --             $  2,097          $    --    $  3,270

  Cincinnati Bell Inc. shares                       --               --               68,893               --      68,893

  Mutual funds                                     289              550                   --               --      16,947

  Contracts with insurance companies                --               --                   --               --      14,432

  Loans to participants                             --               --                   --            2,121       2,121

  Other receivables                                 --               --                  800               --       1,031
                                                ------           ------             --------          -------    --------

          Total Investments                        289              550               71,790            2,121     106,694
                                                ------           ------             --------          -------    --------

Net Assets Available for Plan Benefits          $  289           $  550             $ 71,790          $ 2,121    $106,694
                                                ------           ------             --------          -------    --------
                                                ------           ------             --------          -------    --------

</TABLE>



______________________________
See Notes to Financial Statements.


<PAGE>


                          NOTES TO FINANCIAL STATEMENTS



(1)  Plan Structure--On July 1, 1992, T. Rowe Price was appointed as the new
     trustee, recordkeeper and investment manager for the Cincinnati Bell Inc.
     Retirement Savings Plan and the Cincinnati Bell Inc. Savings and Security
     Plan. There are now nine investment funds available to plan participants.
     These include: Cincinnati Bell Stable Value Fund, Spectrum Income Fund,
     Balanced Fund, Equity Income Fund, Equity Index Fund, Capital Appreciation
     Fund, International Stock Fund, New America Growth Fund and the Cincinnati
     Bell Inc. Shares Fund. All of the above funds are administered, trusteed
     and invested by T. Rowe Price or a related subsidiary.

     Prior to July 1, 1992, all fund values were quoted in units. Currently, all
     funds except for the Cincinnati Bell Stable Value Fund and the Cincinnati
     Bell Inc. Shares Fund are quoted in shares. These shares represent the Net
     Asset Value of shares in T. Rowe Price mutual funds. The Cincinnati Bell
     Stable Value Fund and the Cincinnati Bell Inc. Shares Fund are still quoted
     in units. However, these units represent a proportionate interest in two
     investment funds in which both the Cincinnati Bell Inc. Retirement Savings
     Plan and Cincinnati Bell Inc. Savings and Security Plan participate.

     The unit values for both the Cincinnati Bell Stable Value Fund and the
     Cincinnati Bell Inc. Shares Fund were initiated at a value of 1.0000 on
     July 1, 1992. The Cincinnati Bell Stable Value Fund will maintain a unit
     value of 1.000 at all times and any income, gains or losses, contributions
     or withdrawals would result in more or less units being credited to an
     account. The Cincinnati Bell Inc. Shares Fund unit value will fluctuate
     with the performance of the underlying investments which consists primarily
     of Cincinnati Bell Inc. shares and a small amount of temporary investments.

     The plans are described more fully in the summary plan descriptions.

(2)  Accounting Policies--The values of investments on December 31, 1993 and
     1992 are determined as follows: Cincinnati Bell shares in the Cincinnati
     Bell Inc. Shares Fund on the basis of the last published sales prices on
     December 31, 1993 and 1992 on the New York Stock Exchange; shares in the
     following T. Rowe Price mutual funds: Spectrum Income Fund, Balanced Fund,
     Equity Income Fund, Equity Index Fund, Capital Appreciation Fund,
     International Stock Fund and the New America Growth Fund on the basis of
     the last published net asset value on December 31, 1993 and 1992; contracts
     with insurance companies in the Cincinnati Bell Stable Value Fund at
     principal plus accrued earnings on December 31, 1993 and 1992; loans to
     participants in the Loan Fund at the principal owed by the participants on
     December 31, 1993 and 1992.


     The Plan presents in the Statement of Changes in Net Assets Available for
     Plan Benefits the net appreciation (depreciation) in the value of its
     investments which consists of the realized gains or losses and the
     unrealized appreciation (depreciation) of those investments.

     Purchases and sales of securities are reflected as of the trade date.

     Realized gains and losses on sales of investments are determined on the
     basis of average cost.

     Dividend income is recorded on the ex-dividend date.  Interest earned on
     investments is recorded on the accrual basis.

(3)  The interest of an employee in each type of investment of the Plan on
     December 31, 1993 and December 31, 1992 is represented by units or shares.
     The number and value of units or shares were:


<TABLE>
<CAPTION>

                                                    December 31, 1993                       December 31, 1992
                                             ---------------------------------       ---------------------------------

                                                 Number of        Value per              Number of        Value per
                                                 units/shares     unit/share             units/shares     unit/share

<S>                                          <C>         <C>      <C>                <C>         <C>      <C>
     Cincinnati Bell Stable Value Fund       14,164,141  units        1.0000         15,835,246  units        1.0000
     Spectrum Income Fund                       421,695  shares      11.1100            427,393  shares      10.7000
     Balanced Fund                               60,029  shares      12.0200             18,024  shares      11.0700
     Equity Income Fund                         727,331  shares      16.6500            694,298  shares      15.6300
     Equity Index Fund                           47,215  shares      13.4800             12,700  shares      12.6300
     Capital Appreciation Fund                   92,040  shares      12.6600             28,459  shares      11.3900
     International Stock Fund                   149,335  shares      12.1600             32,495  shares       8.8900
     New America Growth Fund                     63,374  shares      28.0400             22,121  shares      24.8600
     Cincinnati Bell Inc. Shares Fund        60,298,845  units        1.1053         70,568,902  units        1.0173

</TABLE>



<PAGE>

     At December 31, 1993 the number of participants with balances by investment
     fund was:

               Cincinnati Bell Stable Value Fund         558
               Spectrum Income Fund                      355
               Balanced Fund                             116
               Equity Income Fund                        562
               Equity Index Fund                         130
               Capital Appreciation Fund                 207
               International Stock Fund                  226
               New America Growth Fund                   304
               Cincinnati Bell Inc. Shares Fund        1,209


(4)  The Internal Revenue Service has issued a determination that the Plan meets
     the requirements of Section 401(a) of the Internal Revenue Code (the
     "Code") and is exempt from Federal income taxes under Section 501(a) of the
     Code.

(5)  Units in the Cincinnati Bell Inc. Shares Fund forfeited by employees under
     the Plan are valued as of the end of the same day as the event causing the
     forfeiture and are applied as credits reducing subsequent matching
     Participating Company contributions.

(6)  Plan Amendments -- Effective July 1, 1993, the external administrative fees
     of the Cincinnati Bell Inc. Retirement Savings Plan and the Cincinnati Bell
     Inc. Savings and Security Plan will be charged to the plans and paid by the
     plan participants.

     External administrative fees for the Retirement Savings Plan and the
     Savings and Security Plan will be combined and then allocated as a percent
     of the combined assets of the plans. Individual participant accounts will
     be assessed on the market value of the account.

     Effective January 1, 1994 the vesting schedule for company matching
     contributions for the Retirement Savings Plan and the Savings and Security
     Plan changed from class year vesting with a five-year override to five-year
     cliff vesting. All employees hired before January 1, 1994 were fully vested
     in their company matching contributions regardless of their actual years of
     service. Employees hired on or after January 1, 1994, will be fully vested
     after five years of vesting service.

     In general, this change in the vesting schedule will affect an individual's
     benefit only at termination of employment. Class year vesting will remain
     in effect for withdrawals and loans.

     Effective April 1, 1994 the Retirement Savings Plan and the Savings and
     Security Plan will accept rollovers of monies from any qualified defined
     contribution plan within the Cincinnati Bell Inc. family of companies. Any
     company matching contributions would be fully vested at the time when the
     participant transferred to another company and plan within the CBI family
     of companies.

     Effective April 1, 1994 the current transaction frequency allowed by the
     Retirement Savings Plan and the Savings and Security Plan was revised as
     follows:

                                                  Number of Times/ Year
                                                  ---------------------
                       Transaction                Current       Revised
               ---------------------------        -------       -------

               Change allotments                     4            12

               Change before/after tax mix           4            12

               Stop/resume allotments                2            12

               Change investment direction           4            12

               Transfer account balances             4           365


<PAGE>

                  CINCINNATI BELL INC. RETIREMENT SAVINGS PLAN
                             SCHEDULE OF INVESTMENTS


<TABLE>
<CAPTION>

                                                                              Thousands of Dollars
                                                            ------------------                    -------------------
                                                                               December 31, 1993
                                                            -------------------                 ---------------------

                                                                 Number of
                                                                 Shares or
                                                                 Principal
          Name of Issuer and Title of Issue                      Amount                Cost              Value
          ---------------------------------                      ---------             ----              -----
<S>                                                           <C>                    <C>               <C>
          CINCINNATI BELL INC. SHARES FUND

Temporary cash investments                                        1,699              $ 1,699           $ 1,699
Cincinnati Bell Inc. shares*                                  3,569,277  shs.         40,632            64,247
Dividends receivable                                                714                  714               714
Interest receivable                                                   4                    4                 4
                                                                                     -------           -------

          Total Cincinnati Bell Inc. Shares Fund                                      43,049            66,664
                                                                                     -------           -------
                                                                                     -------           -------

          T. ROWE PRICE SPECTRUM INCOME FUND                    421,695  shs.        $ 4,597           $ 4,685

          T. ROWE PRICE BALANCED FUND                            60,029  shs.            687               722

          T. ROWE PRICE EQUITY INCOME FUND *                    727,331  shs.         11,468            12,110

          T. ROWE PRICE EQUITY INDEX FUND                        47,215  shs.            608               636

          T. ROWE PRICE CAPITAL APPRECIATION FUND                92,040  shs.          1,113             1,165

          T. ROWE PRICE INTERNATIONAL STOCK FUND                149,335  shs.          1,567             1,816

          T. ROWE PRICE NEW AMERICA GROWTH FUND                  63,374  shs.          1,624             1,777

          CINCINNATI BELL STABLE VALUE FUND

T. Rowe Price Stable Value Common Trust Fund                      4,111                4,111             4,111
Contracts with Confederation Life Insurance Company+                789                  789               789
Contracts with Crown Life Insurance Company+                      1,044                1,044             1,044
Contracts with Hartford Life Insurance Company+                   2,439                2,439             2,439
Contract with Life Insurance Company of Virginia+                   636                  636               636
Contracts with Metropolitan Life Insurance Company+                 373                  373               373
Contracts with New York Life Insurance Company+                   1,434                1,434             1,434
Contracts with Ohio National Life Insurance Company+                576                  576               576
Contracts with Provident Mutual Life Insurance Company+             179                  179               179
Contracts with Prudential Insurance Company of America+           1,412                1,412             1,412
Contracts with State Mutual Life Insurance Company+               1,172                1,172             1,172
                                                                                      ------            ------
          Total Cincinnati Bell Stable Value Fund                                     14,165            14,165

          LOAN FUND

Loans to Participants                                             2,086                2,086             2,086
                                                                                     -------           -------
          Total Loan Fund                                                              2,086             2,086
                                                                                     -------           -------

          GRAND TOTAL                                                               $ 80,964          $105,826
                                                                                    --------          --------
                                                                                    --------          --------

<FN>
______________________________
          *    Investment represents 5% or more of the Net Assets Available for
Plan Benefits.

          +    The contracts with these insurance companies guarantee the
repayment of principal and the crediting of interest.  During 1993, the
composite effective annual interest rate earned under these contracts was
approximately 7.4%.  The rate at which interest will be credited in future years
may be either higher or lower.

</TABLE>








<PAGE>

                                                            EXHIBIT 99(b)
                                                                 TO
                                                         FORM 10-K FOR 1993
                                                         ------------------
                                                          File No.  1-8519




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549



                                    FORM 11-K



(Mark One)

         [ ]     ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                   For the fiscal year ended December 31, 1993

                                       OR

         [ ]     TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                   For the transition period from ____ to ____

                         Commission File Number  1-8519




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

                              CINCINNATI BELL INC.
                            SAVINGS AND SECURITY PLAN

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


                              CINCINNATI BELL INC.
                             201 East Fourth Street
                             Cincinnati, Ohio  45202


<PAGE>


Report of Independent Accountants

Financial Statements:

          Statements of Net Assets Available for Plan Benefits

          Statements of Changes in Net Assets Available for Plan Benefits


          Notes to Financial Statements

Schedules:

          Schedule of Investments

          Other schedules are omitted because the information required is
          contained in the financial statements.


<PAGE>

 
                                  SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
members of the Employees' Benefit Committee have duly caused this annual report
to be signed by the undersigned, thereunto duly authorized.

                                           CINCINNATI BELL INC. SAVINGS
                                                 AND SECURITY PLAN



                                           By  /s/ Kim M. Cornelius
                                             ----------------------------------
                                                   Kim M. Cornelius
                                                   Assistant
 Secretary
                                                   Employees' Benefit Committee




May 31, 1994



<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS

Savings and Security Plan Committee of
  the Cincinnati Bell Inc.
  Savings and Security Plan

We have audited the accompanying statements of net assets available for plan
benefits of the Cincinnati Bell Inc. Savings and Security Plan as of December
31, 1993 and 1992 and the related statements of changes in net assets available
for plan benefits for the period ended December 31, 1993. These financial
statements are the responsibility of the Plan Administrator. Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the
Cincinnati Bell Inc. Savings and Security Plan as of December 31, 1993 and 1992,
and the changes in net assets available for plan benefits for the period ended
December 31, 1993, in conformity with generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed in the
accompanying index on page 1 is presented for the purpose of additional analysis
and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedule has been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
May 6, 1994



<PAGE>

                 CINCINNATI BELL INC. SAVINGS AND SECURITY PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1993



<TABLE>
<CAPTION>

                                                                                  Thousands of Dollars
                                                  --------------------------------                    ------------------------------

                                                                                                   Equity     Equity       Capital
                                                   Cincinnati Bell       Spectrum      Balanced    Income     Index     Appreciation
          ASSETS                                  Stable Value Fund     Income Fund      Fund       Fund       Fund         Fund
                                                  -----------------     -----------    --------    ------     ------    ------------
<S>                                               <C>                   <C>            <C>         <C>        <C>       <C>
Investments (cost $54,203):

  Temporary cash investments                          $     --             $  --         $ --       $   --     $  --        $   --

  Cincinnati Bell Inc. shares                               --                --           --           --        --            --

  Mutual funds                                              --               332          212        1,017       232           212

  Contracts with insurance companies                    16,371                --           --           --        --            --

  Loans to participants                                     --                --           --           --        --            --

  Other receivables                                         --                --           --           --        --            --
                                                      --------            ------       ------       ------      ----          ----

             Total Investments                          16,371               332          212        1,017       232           212
                                                      --------            ------       ------       ------      ----          ----

          LIABILITIES

Transfers payable to Cincinnati Bell Information
  Systems 401(k) Retirement Plan and other                 269                 2           10           16        --            --
                                                      --------            ------       ------       ------      ----          ----

Net Assets Available for Plan Benefits                $ 16,102            $  330       $  202       $1,001      $232          $212
                                                      --------            ------       ------       ------      ----          ----
                                                      --------            ------       ------       ------      ----          ----

<CAPTION>

                                                                               Thousands of Dollars
                                                  -----------------------------                    ----------------------------

                                                  International     New America     Cincinnati Bell Inc.     Loan
                                                   Stock Fund       Growth Fund       Shares Fund            Fund        Total
          ASSETS                                  -------------     -----------     --------------------     ----        -----
<S>                                               <C>               <C>             <C>                    <C>         <C>
Investments (cost $54,203):

  Temporary cash investments                          $  --             $  --             $  1,191         $    --     $  1,191

  Cincinnati Bell Inc. shares                            --                --               45,040              --       45,040

  Mutual funds                                          480               503                   --              --        2,988

  Contracts with insurance companies                     --                --                   --              --       16,371

  Loans to participants                                  --                --                   --           2,027        2,027

  Other receivables                                      --                --                  503              --          503
                                                      -----             -----             --------         -------     --------


             Total Investments                          480               503               46,734           2,027       68,120
                                                      -----             -----             --------         -------     --------

          LIABILITIES

Transfers payable to Cincinnati Bell Information
  Systems 401(k) Retirement Plan and other                1                 3                  690              --          991
                                                      -----             -----             --------         -------     --------

Net Assets Available for Plan Benefits                $ 479             $ 500             $ 46,044         $ 2,027     $ 67,129
                                                      -----             -----             --------         -------     --------
                                                      -----             -----             --------         -------     --------

</TABLE>


_________________________
See Notes to Financial Statements.


<PAGE>
                 CINCINNATI BELL INC. SAVINGS AND SECURITY PLAN
         STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
                      FOR THE YEAR ENDED DECEMBER 31, 1993



<TABLE>
<CAPTION>

                                                                                 Thousands of Dollars
                                                  -------------------------------                    -------------------------------

                                                                                                    Equity    Equity       Capital
                                                   Cincinnati Bell       Spectrum      Balanced     Income    Index     Appreciation
          ASSETS                                  Stable Value Fund     Income Fund      Fund        Fund      Fund         Fund
                                                  -----------------     -----------    --------     ------    ------    ------------
<S>                                               <C>                   <C>            <C>         <C>        <C>       <C>
Net Assets Available for Plan Benefits,
  December 31, 1992                                   $ 15,486             $  69         $  62      $  467    $   59        $   51
                                                      --------             -----         -----      ------    ------        ------

Employee allotments                                      1,369               115            54         220        74            58

Participating Company contributions                         --                --            --          --        --            --

Transfer of participants' balances -- Net                 (768)              141            74         244        87            87
                                                      --------             -----         -----      ------    ------        ------
  Total allotments, contributions and transfers            601               256           128         464       161           145

Investment Income:

  Dividends on Cincinnati Bell shares                       --                --            --          --        --            --

  Other dividends                                           --                16             6          63         4             8

  Interest                                               1,124                --            --          --        --            --

Net appreciation/(depreciation) of
  investments                                               --                 1             8          31         8             9
                                                      --------             -----         -----      ------    ------        ------

          Total additions                                1,725               273           142         558       173           162

Less:  Distributions to participants                     1,109                12             2          24        --             1
       Administrative and other expenses paid by
       the Plan                                             --                --            --          --        --            --
                                                      --------             -----         -----      ------    ------        ------

             Total deductions                            1,109                12             2          24        --             1

Net Assets Available for Plan Benefits,
  December 31, 1993                                   $ 16,102             $ 330         $ 202      $1,001    $  232        $  212
                                                      --------             -----         -----      ------    ------        ------
                                                      --------             -----         -----      ------    ------        ------

<CAPTION>

                                                                               Thousands of Dollars
                                                  -----------------------------                    ----------------------------

                                                  International     New America     Cincinnati Bell Inc.     Loan
                                                   Stock Fund       Growth Fund       Shares Fund            Fund        Total
          ASSETS                                  -------------     -----------     --------------------     ----        -----
<S>                                               <C>               <C>             <C>                    <C>         <C>
Net Assets Available for Plan Benefits,
  December 31, 1992                                   $   39           $   99            $  43,102         $ 1,792     $ 61,226
                                                      ------           ------            ---------         -------     --------

Employee allotments                                       59              130                1,974              --        4,053

Participating Company contributions                       --               --                1,982              --        1,982

Transfer of participants' balances -- Net                320              229               (1,998)            119       (1,465)
                                                      ------           ------            ---------         -------     --------
  Total allotments, contributions and transfers          379              359                1,958             119        4,570

Investment Income:

  Dividends on Cincinnati Bell shares                     --               --                2,005              --        2,005

  Other dividends                                         11               19                   --              --          127

  Interest                                                --               --                   31             164        1,319

Net appreciation/(depreciation) of
  investments                                             50               29                1,722              --        1,858

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

          Total additions                                440              407                5,716             283        9,879

Less:  Distributions to participants                      --                6                2,757              48        3,959
       Administrative and other expenses paid by
       the Plan                                           --               --                   17              --           17
                                                      ------           ------            ---------         -------     --------

            Total deductions                              --                6                2,774              48        3,976

Net Assets Available for Plan Benefits,
  December 31, 1993                                   $  479           $  500            $  46,044         $ 2,027     $ 67,129
                                                      ------           ------            ---------         -------     --------
                                                      ------           ------            ---------         -------     --------

</TABLE>


_________________________
See Notes to Financial Statements.


<PAGE>

                 CINCINNATI BELL INC. SAVINGS AND SECURITY PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1992



<TABLE>
<CAPTION>

                                                                                 Thousands of Dollars
                                                  -------------------------------                    -------------------------------

                                                                                                    Equity    Equity       Capital
                                                   Cincinnati Bell       Spectrum      Balanced     Income    Index     Appreciation
          ASSETS                                  Stable Value Fund     Income Fund      Fund        Fund      Fund         Fund
                                                  -----------------     -----------    --------     ------    ------    ------------
<S>                                               <C>                   <C>            <C>          <C>       <C>       <C>
Investments (cost $49,451):

  Temporary cash investments                          $  1,147             $  --         $  --      $   --    $   --        $   --

  Cincinnati Bell Inc. shares                               --                --            --          --        --            --

  Mutual funds                                              --                69            62         467        59            51

  Contracts with insurance companies                    14,113                --            --          --        --            --

  Loans to participants                                     --                --            --          --        --            --

  Other receivables                                        226                --            --          --        --            --
                                                      --------             -----         -----      ------    ------        ------

          Total Investments                             15,486                69            62         467        59            51
                                                      --------             -----         -----      ------    ------        ------

Net Assets Available for Plan Benefits                $ 15,486             $  69         $  62      $  467    $   59        $   51
                                                      --------             -----         -----      ------    ------        ------
                                                      --------             -----         -----      ------    ------        ------

<CAPTION>
                                                                               Thousands of Dollars
                                                  -----------------------------                    ---------------------------

                                                  International     New America     Cincinnati Bell Inc.     Loan
                                                   Stock Fund       Growth Fund       Shares Fund            Fund        Total
          ASSETS                                  -------------     -----------     --------------------     ----        -----
<S>                                               <C>               <C>             <C>                    <C>         <C>
Investments (cost $49,451):

  Temporary cash investments                          $   --           $   --            $   1,258         $    --     $  2,405

  Cincinnati Bell Inc. shares                             --               --               41,336              --       41,336

  Mutual funds                                            39               99                   --              --          846

  Contracts with insurance companies                      --               --                   --              --       14,113

  Loans to participants                                   --               --                   --           1,792        1,792

  Other receivables                                       --               --                  508              --          734
                                                      ------           ------            ---------         -------     --------

          Total Investments                               39               99               43,102           1,792       61,226
                                                      ------           ------            ---------         -------     --------

Net Assets Available for Plan Benefits                $   39           $   99            $  43,102         $ 1,792     $ 61,226
                                                      ------           ------            ---------         -------     --------
                                                      ------           ------            ---------         -------     --------

</TABLE>


_________________________
See Notes to Financial Statements.


<PAGE>


                          NOTES TO FINANCIAL STATEMENTS

(1)  Plan Structure--On July 1, 1992, T. Rowe Price was appointed as the new
     trustee, recordkeeper and investment manager for the Cincinnati Bell Inc.
     Retirement Savings Plan and the Cincinnati Bell Inc. Savings and Security
     Plan.  There are now nine investment funds available to plan participants.
     These include:  Cincinnati Bell Stable Value Fund, Spectrum Income Fund,
     Balanced Fund, Equity Income Fund, Equity Index Fund, Capital Appreciation
     Fund, International Stock Fund, New America Growth Fund and the Cincinnati
     Bell Inc. Shares Fund.  All of the above funds are administered, trusteed
     and invested by T. Rowe Price or a related subsidiary.

     Prior to July 1, 1992, all fund values were quoted in units.  Currently,
     all funds except for the Cincinnati Bell Stable Value Fund and the
     Cincinnati Bell Inc. Shares Fund are quoted in shares.  These shares
     represent the Net Asset Value of shares in T. Rowe Price mutual funds.  The
     Cincinnati Bell Stable Value Fund and the Cincinnati Bell Inc. Shares Fund
     are still quoted in units.  However, these units represent a proportionate
     interest in two investment funds in which both the Cincinnati Bell Inc.
     Retirement Savings Plan and Cincinnati Bell Inc. Savings and Security Plan
     participate.

     The unit values for both the Cincinnati Bell Stable Value Fund and the
     Cincinnati Bell Inc. Shares Fund were initiated at a value of 1.0000 on
     July 1, 1992.  The Cincinnati Bell Stable Value Fund will maintain a unit
     value of 1.000 at all times and any income, gains or losses, contributions
     or withdrawals would result in more or less units being credited to an
     account.  The Cincinnati Bell Inc. Shares Fund unit value will fluctuate
     with the performance of the underlying investments which consists primarily
     of Cincinnati Bell Inc. shares and a small amount of temporary investments.

     The plans are described more fully in the summary plan descriptions.

(2)  Accounting Policies--The values of investments on December 31, 1993 and
     1992 are determined as follows:  Cincinnati Bell shares in the Cincinnati
     Bell Inc. Shares Fund on the basis of the last published sales prices on
     December 31, 1993 and 1992 on the New York Stock Exchange; shares in the
     following T. Rowe Price mutual funds:  Spectrum Income Fund, Balanced Fund,
     Equity Income Fund, Equity Index Fund, Capital Appreciation Fund,
     International Stock Fund and the New America Growth Fund on the basis of
     the last published net asset value on December 31, 1993 and 1992; contracts
     with insurance companies in the Cincinnati Bell Stable Value Fund at
     principal plus accrued earnings on December 31, 1993 and 1992; loans to
     participants in the Loan Fund at the principal owed by the participants on
     December 31, 1993 and 1992.

     The Plan presents in the Statement of Changes in Net Assets Available for
     Plan Benefits the net appreciation (depreciation) in the value of its
     investments which consists of the realized gains or losses and the
     unrealized appreciation (depreciation) of those investments.

     Purchases and sales of securities are reflected as of the trade date.

     Realized gains and losses on sales of investments are determined on the
     basis of average cost.

     Dividend income is recorded on the ex-dividend date.  Interest earned on
     investments is recorded on the accrual basis.

(3)  The interest of an employee in each type of investment of the Plan on
     December 31, 1993 and December 31, 1992 is represented by units or shares.
     The number and value of units or shares were:


<TABLE>
<CAPTION>
                                                   December 31, 1993                   December 31, 1992
                                           --------------------------------    -------------------------------
                                                Number of        Value per          Number of       Value per
                                               units/shares      unit/share        units/shares     unit/share
     <S>                                   <C>                   <C>           <C>                  <C>
     Cincinnati Bell Stable Value Fund     16,101,725  units        1.0000     15,486,148 units        1.0000
     Spectrum Income Fund                      29,683  shares      11.1100          6,479 shares      10.7000
     Balanced Fund                             16,814  shares      12.0200          5,580 shares      11.0700
     Equity Income Fund                        60,137  shares      16.6500         29,886 shares      15.6300
     Equity Index Fund                         17,226  shares      13.4800          4,638 shares      12.6300
     Capital Appreciation Fund                 16,735  shares      12.6600          4,514 shares      11.3900
     International Stock Fund                  39,424  shares      12.1600          4,409 shares       8.8900
     New America Growth Fund                   17,829  shares      28.0400          4,000 shares      24.8600
     Cincinnati Bell Inc. Shares Fund      41,657,841  units        1.1053     42,368,977 units        1.0173

</TABLE>



<PAGE>

     At December 31, 1993 the number of participants with balances by investment
fund was:

                Cincinnati Bell Stable Value Fund              1,665
                Spectrum Income Fund                             195
                Balanced Fund                                    113
                Equity Income Fund                               365
                Equity Index Fund                                117
                Capital Appreciation Fund                        118
                International Stock Fund                         133
                New America Growth Fund                          214
                Cincinnati Bell Inc. Shares Fund               2,418

(4)  The Internal Revenue Service has issued a determination that the Plan meets
     the requirements of Section 401(a) of the Internal Revenue Code (the
     "Code") and is exempt from Federal income taxes under Section 501(a) of the
     Code.

(5)  Units in the Cincinnati Bell Inc. Shares Fund forfeited by employees under
     the Plan are valued as of the end of the same day as the event causing the
     forfeiture and are applied as credits reducing subsequent matching
     Participating Company contributions.

(6)  Plan Amendments -- Effective July 1, 1993, the external administrative fees
     of the Cincinnati Bell Inc. Retirement Savings Plan and the Cincinnati Bell
     Inc. Savings and Security Plan will be charged to the plans and paid by the
     plan participants.

     External administrative fees for the Retirement Savings Plan and the
     Savings and Security Plan will be combined and then allocated as a percent
     of the combined assets of the plans.  Individual participant accounts will
     be assessed on the market value of the account.

     Effective January 1, 1994 the vesting schedule for company matching
     contributions for the Retirement Savings Plan and the Savings and Security
     Plan changed from class year vesting with a five-year override to five-year
     cliff vesting.  All employees hired before January 1, 1994 were fully
     vested in their company matching contributions regardless of their actual
     years of service.  Employees hired on or after January 1, 1994, will be
     fully vested after five years of vesting service.

     In general, this change in the vesting schedule will affect an individual's
     benefit only at termination of employment.  Class year vesting will remain
     in effect for withdrawals and loans.

     Effective April 1, 1994 the Retirement Savings Plan and the Savings and
     Security Plan will accept rollovers of monies from any qualified defined
     contribution plan within the Cincinnati Bell Inc. family of companies.  Any
     company matching contributions would be fully vested at the time when the
     participant transferred to another company and plan within the CBI family
     of companies.

     Effective April 1, 1994 the current transaction frequency allowed by the
     Retirement Savings Plan and the Savings and Security Plan was revised as
     follows:


<TABLE>
<CAPTION>

                                                    Number of Times / Year
                                                    ----------------------
                       Transaction                  Current        Revised
               ---------------------------          -------        -------
               <S>                                  <C>            <C>
               Change allotments                       4             12

               Change before/after tax mix             4             12

               Stop/resume allotments                  2             12

               Change investment direction             4             12

               Transfer account balances               4            365

</TABLE>



<PAGE>

                 CINCINNATI BELL INC. SAVINGS AND SECURITY PLAN
                             SCHEDULE OF INVESTMENTS


<TABLE>
<CAPTION>

                                                                    Thousands of Dollars
                                                      -------------                      -------------
                                                                      December 31, 1993
                                                      ---------------                   --------------

                                                         Number of
                                                         Shares or
                                                         Principal
     Name of Issuer and Title of Issue                   Amount                Cost          Value
     ---------------------------------                   ---------             ----          -----
<S>                                                     <C>                 <C>            <C>
     CINCINNATI BELL INC. SHARES FUND

Temporary cash investments                                  1,191           $  1,191       $  1,191
Cincinnati Bell Inc. shares*                            2,502,240 shs.        31,255         45,040
Dividends receivable                                          500                500            500
Interest receivable                                             3                  3              3
                                                                            --------       --------

     Total Cincinnati Bell Inc. Shares Fund                                   32,949         46,734

     T. ROWE PRICE SPECTRUM INCOME FUND                    29,820 shs.           332            332

     T. ROWE PRICE BALANCED FUND                           17,635 shs.           203            212

     T. ROWE PRICE EQUITY INCOME FUND                      61,115 shs.           990          1,017

     T. ROWE PRICE EQUITY INDEX FUND                       17,254 shs.           223            232

     T. ROWE PRICE CAPITAL APPRECIATION FUND               16,735 shs.           205            212

     T. ROWE PRICE INTERNATIONAL STOCK FUND                39,507 shs.           432            480

     T. ROWE PRICE NEW AMERICA GROWTH FUND                 17,948 shs.           471            503

     CINCINNATI BELL STABLE VALUE FUND

T. Rowe Price Stable Value Common Trust Fund *              4,751              4,751          4,751
Contracts with Confederation Life Insurance Company +         912                912            912
Contracts with Crown Life Insurance Company +               1,207              1,207          1,207
Contracts with Hartford Life Insurance Company +            2,819              2,819          2,819
Contract with Life Insurance Company of Virginia +            735                735            735
Contracts with Metropolitan Life Insurance Company +          431                431            431
Contracts with New York Life Insurance Company +            1,657              1,657          1,657
Contracts with Ohio National Life Insurance Company +         666                666            666
Contracts with Provident Mutual Life Insurance Company +      206                206            206
Contracts with Prudential Insurance Company of America +    1,632              1,632          1,632
Contracts with State Mutual Life Insurance Company +        1,355              1,355          1,355
                                                                            --------       --------
     Total Cincinnati Bell Stable Value Fund                                  16,371         16,371

     LOAN FUND

Loans to Participants                                       2,027              2,027          2,027
                                                                            --------       --------
          Total Loan Fund                                                      2,027          2,027
                                                                            --------       --------

     GRAND TOTAL                                                            $ 54,203       $ 68,120
                                                                            --------       --------
                                                                            --------       --------

<FN>
_________________________

     * Investment represents 5% or more of the Net Assets Available for Plan
Benefits.

     + The contracts with these insurance companies guarantee the repayment of
principal and the crediting of interest.  During 1993, the composite effective
annual interest rate earned under these contracts was approximately 7.4%.  The
rate at which interest will be credited in future years may be either higher or
lower.

</TABLE>








<PAGE>

                                                        EXHIBIT 99(c)
                                                             TO
                                                     FORM 1O-K FOR 1993
                                                     ------------------
                                                       File No. 1-8519




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549


                                    FORM 11-K



(Mark One)

               [ ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                   For the fiscal year ended December 31, 1993

                                       OR

             [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                    For the transition period from ___ to ___


                          Commission File Number 1-8519


                          ____________________________

                             MATRIXX MARKETING INC.
                           PROFIT SHARING/401(k) PLAN
                          ____________________________


                              CINCINNATI BELL INC.
                             201 East Fourth Street
                             Cincinnati, Ohio  45202



<PAGE>


Report of Independent Accountants

Financial Statements:

       Statements of Net Assets Available for Plan Benefits

       Statement of Changes in Net Assets Available for Plan Benefits


       Notes to Financial Statements

Schedules:

       Schedule of Investments

       Other schedules are omitted because the information required is
       contained in the financial statements.


<PAGE>

 
                                  SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the MATRIXX Marketing Inc. Profit Sharing/401(k) Plan Committee has duly caused
this annual report to be signed on its behalf by the undersigned hereunto duly
authorized.



                                   MATRIXX MARKETING INC.
                                   PROFIT SHARING/401(k) PLAN



                                   By /s/ Jerry M. Gaulding

                                      ----------------------------------------
                                          Jerry M. Gaulding





May 31, 1994



<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS



Plan Committee of the
     MATRIXX MARKETING INC.
     Profit Sharing/401(k) Plan

We have audited the accompanying statement of net assets available for plan
benefits of the MATRIXX Marketing Inc. Profit Sharing/401(k) Plan as of December
31, 1993 and 1992 and the related statement of changes in net assets available
for plan benefits for the year ended December 31, 1993.  These financial
statements are the responsibility of the Plan Administrator.  Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the MATRIXX
Marketing Inc. Profit Sharing/401(k) Plan as of December 31, 1993 and 1992, and
the changes in net assets available for benefits for the year ended December 31,
1993 in conformity with generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole.  The supplemental schedule listed in the
accompanying index on page 1 is presented for the purpose of additional analysis
and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974.  The supplemental schedule has been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.


/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
May 27, 1994



<PAGE>

                             MATRIXX MARKETING INC.
                           PROFIT SHARING/401(k) PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                                                                             U.S.
                                                                              Int'l        Treasury                       Equity
                                           Cincinnati Bell    Managed         Stock          Money        G.N.M.A.        Income
                                          Inc. Shares Fund   GIC Fund         Fund            Fund          Fund           Fund
                                          ----------------   --------         ----          -------       --------        ------
<S>                                       <C>               <C>              <C>          <C>            <C>            <C>
ASSETS

  Employer contribution receivable             $292,738     $       --       $     --     $       --     $       --     $       --
  Investments:
    Cincinnati Bell Inc. shares                 509,482             --             --             --             --             --
    Mutual funds                                     --             --         49,767        872,353        245,322        466,066
    Contracts with insurance companies               --        117,282             --             --             --             --
    Loans to participants                            --             --             --             --             --             --
                                              ---------      ---------       --------      ---------      ---------      ---------

       Total investments                        509,482        117,282         49,767        872,353        245,322        466,066

      Total assets                              802,220        117,282         49,767        872,353        245,322        466,066
                                              ---------      ---------       --------      ---------      ---------      ---------
LIABILITIES

  Participant refunds payable                     2,999            690            293          5,135          1,444          2,743
                                              ---------      ---------       --------      ---------      ---------      ---------
      Total liabilities                           2,999            690            293          5,135          1,444          2,743
                                              ---------      ---------       --------      ---------      ---------      ---------

NET ASSETS AVAILABLE FOR BENEFITS             $ 799,221      $ 116,592       $ 49,474      $ 867,218      $ 243,878      $ 463,323
                                              ---------      ---------       --------      ---------      ---------      ---------
                                              ---------      ---------       --------      ---------      ---------      ---------

<CAPTION>

                                               Capital      Participant     Spectrum
                                            Appreciation     Loans and       Growth          Total
                                               Fund         Other Funds       Fund         All Funds
                                            ------------    -----------     --------       ---------
<S>                                         <C>             <C>            <C>            <C>
ASSETS

  Employer contribution receivable           $       --     $       --     $       --     $  292,738
  Investments:
    Cincinnati Bell Inc. shares                      --             --             --        509,482
    Mutual funds                                 83,981         29,987        104,937      1,852,413
    Contracts with insurance companies               --             --             --        117,282
    Loans to participants                            --         57,968             --         57,968
                                             ----------      ---------     ----------      ---------
      Total investments                          83,981         87,955        104,937      2,537,145


       Total assets                              83,981         87,955        104,937      2,829,883
                                              ---------      ---------      ---------     ----------

LIABILITIES

  Participant refunds payable                       494            177            618         14,593
                                              ---------      ---------      ---------     ----------

    Total liabilities                               494            177            618         14,593
                                              ---------      ---------     ----------     ----------
NET ASSETS AVAILABLE FOR BENEFITS             $  83,487      $  87,778      $ 104,319     $2,815,290
                                              ---------      ---------      ---------     ----------
                                              ---------      ---------     ----------     ----------
</TABLE>



                      SEE NOTES TO FINANCIAL STATEMENTS.


<PAGE>

                             MATRIXX MARKETING INC.
                           PROFIT SHARING/401(k) PLAN
         STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
                       OR THE YEAR ENDED DECEMBER 31, 1993


<TABLE>
<CAPTION>
                                                                                             U.S.
                                                                              Int'l        Treasury                       Equity
                                           Cincinnati Bell    Managed         Stock          Money        G.N.M.A.        Income
                                          Inc. Shares Fund   GIC Fund         Fund           Fund           Fund           Fund
                                          ----------------   --------         -----        ---------       -------        ------
<S>                                       <C>                <C>            <C>            <C>            <C>            <C>
NET ASSETS AVAILABLE FOR BENEFITS,
  December 31, 1992                           $ 565,187      $ 111,662      $  26,190      $ 835,101      $ 238,438      $ 341,711
                                              ---------      ---------      ---------      ---------      ---------      ---------
  ADDITIONS:

    Employer contribution                       292,738             --             --             --             --             --
    Participant contributions                    41,185         35,312          6,393         79,076             --         82,849
    Dividend and other income                    18,765         12,856          2,332         27,290         17,467         39,100
    Net appreciation/(depreciation)
      of investments                            (59,894)            --         10,632             --          7,423         38,270
    Transfers of participants' balances - net    (2,258)       (28,402)        15,988        (38,304)            --        (15,938)
                                              ---------      ---------      ---------      ---------      ---------      ---------

               Total additions                  290,536         19,766         35,345         68,062         24,890        144,281
                                              ---------      ---------      ---------      ---------      ---------      ---------

  DEDUCTIONS:

    Distributions to participants                53,503         14,146         11,768         30,810         18,006         19,926
    Participant refunds                           2,999            690            293          5,135          1,444          2,743
                                              ---------      ---------      ---------      ---------      ---------      ---------

               Total deductions                  56,502         14,836         12,061         35,945         19,450         22,669
                                              ---------      ---------      ---------      ---------      ---------      ---------

  NET ASSETS AVAILABLE FOR BENEFITS,
    December 31, 1993                         $ 799,221      $ 116,592      $  49,474     $  867,218      $ 243,878      $ 463,323
                                              ---------      ---------      ---------      ---------      ---------      ---------
                                              ---------      ---------      ---------      ---------      ---------      ---------


<CAPTION>

                                               Capital      Participant     Spectrum
                                            Appreciation     Loans and       Growth          Total
                                                Fund        Other Funds       Fund         All Funds
                                            ------------    -----------     --------       ---------
<S>                                         <C>             <C>             <C>           <C>
NET ASSETS AVAILABLE FOR BENEFITS,
  December 31, 1992                           $  72,084      $  80,056      $  87,654     $2,358,083
                                              ---------      ---------      ---------     ----------
  ADDITIONS:

    Employer contribution                            --             --             --        292,738
    Participant contributions                    16,168         13,270         16,657        290,910
    Dividend and other income                     4,102          5,990          7,901        135,803
    Net appreciation/(depreciation)
      of investments                             10,172            450         13,332         20,385
    Transfers of participants' balances - net     7,365         (8,352)        16,522        (53,379)
                                              ---------      ---------      ---------     ----------

               Total additions                   37,807         11,358         54,412        686,457
                                              ---------      ---------      ---------     ----------

  DEDUCTIONS:


    Distributions to participants                25,910          3,459         37,129        214,657
    Participant refunds                             494            177            618         14,593
                                              ---------      ---------      ---------     ----------

               Total deductions                  26,404          3,636         37,747        229,250
                                              ---------      ---------      ---------     ----------

  NET ASSETS AVAILABLE FOR BENEFITS,
    December 31, 1993                        $   83,487     $   87,778     $  104,319     $2,815,290
                                              ---------      ---------      ---------     ----------
                                              ---------      ---------      ---------     ----------
</TABLE>




                       SEE NOTES TO FINANCIAL STATEMENTS.


<PAGE>

                             MATRIXX MARKETING INC.
                           PROFIT SHARING/401(k) PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1992


<TABLE>
<CAPTION>

                                                                                             U.S.
                                                                              Int'l        Treasury                       Equity
                                           Cincinnati Bell    Managed         Stock          Money        G.N.M.A.        Income
                                          Inc. Shares Fund   GIC Fund         Fund           Fund           Fund           Fund
                                          ----------------   --------         ----         --------        -------        -------
<S>                                       <C>              <C>            <C>            <C>            <C>            <C>
ASSETS

  Employer contribution receivable            $ 357,475    $        --    $        --    $        --    $        --    $        --
  Investments:
    Cincinnati Bell Inc. shares                 216,332             --             --             --             --             --
    Mutual funds                                     --             --         27,277        869,756        248,333        355,891
    Contracts with insurance companies                -        116,296             --             --             --             --
    Loans to participants                            --             --             --             --             --             --
                                              ---------    -----------    -----------    -----------    -----------    -----------

      Total investments                         216,332        116,296         27,277        869,756        248,333        355,891

  Participant loans receivable                       --             --             --             --             --             --
                                              ---------    -----------    -----------    -----------    -----------    -----------

               Total assets                     573,807        116,296         27,277        869,756        248,333        355,891
                                              ---------    -----------    -----------    -----------    -----------    -----------

LIABILITIES

  Participant refunds payable                     8,620          4,634          1,087         34,655          9,895         14,180
                                              ---------    -----------    -----------    -----------    -----------    -----------

               Total liabilities                  8,620          4,634          1,087         34,655          9,895         14,180
                                              ---------    -----------    -----------    -----------    -----------    -----------

NET ASSETS AVAILABLE FOR BENEFITS             $ 565,187      $ 111,662       $ 26,190      $ 835,101      $ 238,438      $ 341,711
                                              ---------    -----------    -----------    -----------    -----------    -----------
                                              ---------    -----------    -----------    -----------    -----------    -----------

<CAPTION>

                                               Capital      Participant     Spectrum
                                            Appreciation     Loans and        Growth         Total
                                                Fund        Other Funds        Fund        All Funds
                                          ----------------  -----------     ---------      ---------
<S>                                       <C>              <C>            <C>            <C>
ASSETS

  Employer contribution receivable          $        --     $       --    $        --    $   357,475
  Investments:
    Cincinnati Bell Inc. shares                      --             --             --        216,332
    Mutual funds                                 75,075             --         91,291      1,667,623
    Contracts with insurance companies               --             --             --        116,296
    Loans to participants                            --         16,164             --         16,164
                                            -----------     ----------     ----------     ----------
      Total investments                          75,075         16,164         91,291      2,016,415

  Participant loans receivable                       --         64,536             --         64,536
                                            -----------     ----------     ----------     ----------

               Total assets                      75,075         80,700         91,291      2,438,426
                                            -----------     ----------     ----------     ----------

LIABILITIES

  Participant refunds payable                     2,991            644          3,637         80,343
                                            -----------     ----------     ----------     ----------

               Total liabilities                  2,991            644          3,637         80,343
                                            -----------     ----------     ----------     ----------

NET ASSETS AVAILABLE FOR BENEFITS           $    72,084      $  80,056      $  87,654     $2,358,083
                                            -----------     ----------     ----------     ----------
                                            -----------     ----------     ----------     ----------
</TABLE>




                       SEE NOTES TO FINANCIAL STATEMENTS.



<PAGE>


                          NOTES TO FINANCIAL STATEMENTS

(1) PLAN DESCRIPTION

    The following is a description of the MATRIXX Marketing Inc. Profit
    Sharing/401(k) Plan (the "Plan").  The Plan is subject to the provisions of
    the Employee Retirement Income Security Act of 1974.  Reference is made to
    the Plan document and the related Trust Agreement for complete information.

      GENERAL -- The Plan is a defined contribution plan covering substantially
      all domestic employees of MATRIXX Marketing Inc. (the Company), a wholly-
      owned subsidiary of Cincinnati Bell Inc. (CBI).  The Plan is administered
      by a Committee ("Plan Committee") appointed in accordance with the
      provisions of the Plan.  The trustee for the Plan is T. Rowe Price Trust
      Company.  Administrative expenses are paid by the Company and are not
      included in the accompanying statements.

      CONTRIBUTIONS AND PARTICIPANT LOANS -- Participating employees may defer,
      pursuant to section 401(k) of the Internal Revenue Code of 1986 (the
      "Code"), a percentage of pre-tax compensation, subject to certain
      limitations.  Contributions made by participants in excess of allowable
      percentages are refunded to participants.  The participants may also make
      after-tax voluntary contributions.  The contributions are invested by the
      Trustee, as directed by each participant, in one or more investment funds.
      Periodically, participants may change their investment option.
      Participants are permitted to borrow against their pre-tax and voluntary
      after-tax contribution accounts.  The maximum loan amount available is 50%
      of the vested account balance; provided, however, that the total amount
      borrowed at any time may not exceed $50,000.  Participant loans bear
      interest at the market rate as determined by the Plan Committee and
      generally must be repaid within five years.

      Subject to certain limitations, the Company makes contributions to the
      Plan based upon a specified percentage of the actual net operating profit
      of the Company, compared with budgeted net operating profit.  A Company
      contribution will not be made if actual net operating profit is less than
      70% of budgeted net operating profit.  The Company's contribution is made
      in CBI common shares and allocated among participant accounts in the
      proportion that a participant's compensation bears to all participants'
      compensation.  Participants vest in Company contributions based on years
      of service.

      ELIGIBILITY -- Domestic employees who have completed at least one year of
      service and who have attained the age of 21 are eligible to participate in
      the Plan.

      DISTRIBUTIONS AND TERMINATIONS -- Distribution of a participant's vested
      account balance will be made in one lump sum payment upon the attainment
      of age 65, termination of employment, permanent disability or death.
      Participants may apply for hardship withdrawals, subject to approval by
      the Plan Committee.

      The Company may, at any time, suspend or eliminate contributions to the
      Plan or terminate the Plan without the consent of any participant.  Should
      the Plan be terminated, the interests of all participants would
      immediately vest and become non-forfeitable.

(2) SIGNIFICANT ACCOUNTING POLICIES

      BASIS OF ACCOUNTING -- The Plan uses the accrual method of accounting.
      Purchases and sales of securities are reflected as of the trade date.
      Dividend income is recorded on the ex-dividend date.

      INVESTMENTS AND INVESTMENT VALUATION -- Participants are permitted to
      direct the investment of their pre-tax salary deferral and after-tax
      voluntary contributions into the following investment programs approved by
      the Plan Committee:  CBI Shares Fund and T. Rowe Price Managed GIC Fund,
      International Stock Fund, U.S. Treasury Money Fund, Equity Income Fund,
      Capital Appreciation Fund, Spectrum Growth Fund, New Income Fund, Spectrum
      Income Fund, and Government National Mortgage Association (G.N.M.A.) Fund.
      Company contributions are invested in CBI Common Shares.

      Investments are valued at market value and determined as follows:  CBI
      shares in the CBI Shares Fund on the basis of the last published sales
      price on December 31 on the New York Stock Exchange; shares in the T. Rowe
      Price mutual funds on the basis of the last published net asset value on
      December 31; and loans to participants at the principal owed by the
      participants on December 31.

      NET APPRECIATION (DEPRECIATION) OF INVESTMENTS -- The Plan presents in the
      statement of changes in net assets the net appreciation (depreciation) in
      the fair value of its investments which consists of the realized gains or
      losses and the unrealized appreciation (depreciation) on those
      investments.

      ADMINISTRATIVE EXPENSES -- Administrative Expenses are paid by MATRIXX
      Marketing Inc. on behalf of the Plan.

(3) INCOME TAX STATUS

      The Internal Revenue Service has issued a determination that the Plan
      meets the requirements of section 401(a) of the Code and is exempt from
      Federal income taxes under section 501(a) of the Code.


<PAGE>

(4) The interest of an employee in each type of investment of the Plan on
    December 31, 1993 and 1992, is represented by shares.  The number and value
    of shares was:


<TABLE>
<CAPTION>

                                                            December 31, 1993              December 31, 1992
                                                         -------------------------    ---------------------------

                                                          Number of     Value per      Number of       Value per
                                                           Shares         Share          Shares           Share
                                                         -----------    ----------    -----------      ----------
                 <S>                                     <C>            <C>           <C>              <C>
                 Cincinnati Bell Inc. Shares Fund          28,304          18.00         12,636          17.12
                 Managed GIC Fund                         117,282           1.00        116,296           1.00
                 International Stock Fund                   4,093          12.16          3,068           8.89
                 U.S. Treasury Money Fund                 872,353           1.00        869,756           1.00
                 G.N.M.A. Fund                             25,239           9.72         25,289           9.82
                 Equity Income Fund                        27,992          16.65         22,770          15.63
                 Capital Appreciation Fund                  6,634          12.66          6,591          11.39
                 Spectrum Growth Fund                       8,841          11.87          8,661          10.54

</TABLE>


At December 31, 1993, the number of participants with balances by investment
fund was:


                                                         Number of Participants

                                                                  1993
                                                              ------------

                  Cincinnati Bell Inc. Shares Fund               1,132
                  Managed GIC Fund                                  89
                  International Stock Fund                          36
                  U.S. Treasury Money Fund                         125
                  G.N.M.A. Fund                                    368
                  Equity Income Fund                               177
                  Capital Appreciation Fund                         39
                  Spectrum Growth Fund                              42



<PAGE>

                             MATRIXX MARKETING INC.
                           PROFIT SHARING/401(k) PLAN
                             SCHEDULE OF INVESTMENTS
                                DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                                                              Shares/                                 Market
Identity of Issuer/Asset Description                                         Par Value             Cost                Value
- - - - - ------------------------------------                                     ----------------    ----------------    ----------------
<S>                                                                      <C>                 <C>                 <C>
Cincinnati Bell Inc. Common Shares *                                           28,303           $ 578,869           $ 509,482

T. Rowe Price Managed GIC Fund:                                               117,282             117,282             117,282

  Contracts with Canada Life Insurance Company                                 10,177              10,177              10,177
  Contracts with Provident Life and Accident Insurance Company                 26,489              26,489              26,489
  Contracts with Provident National Life Insurance Company                      7,890               7,890               7,890
  Contracts with Security Life of Denver                                       14,108              14,108              14,108
  Contracts with TransAmerica Life Insurance Company                           21,414              21,414              21,414
  Contracts with United of Omaha                                                4,463               4,463               4,463
  Contracts with Crown Life Insurance Company                                   2,214               2,214               2,214
  Contracts with Life Insurance Company of Virginia                             4,218               4,218               4,218
  Contracts with Lincoln National Life Insurance Company                       18,294              18,294              18,294
  Contracts with Life Insurance Company of Georgia                              8,015               8,015               8,015
                                                                           ----------          ----------           ---------

                         Total T. Rowe Price Managed GIC Fund                 117,282           $ 117,282           $ 117,282

T. Rowe Price International Stock Fund                                          4,093              42,300              49,767

T. Rowe Price U.S. Treasury Money Fund *                                      872,353             872,353             872,353

T. Rowe Price G.N.M.A. Fund *                                                  25,939             240,258             245,322

T. Rowe Price Equity Income Fund *                                             27,992             432,490             466,066

T. Rowe Price Capital Appreciation Fund                                         6,634              78,554              83,981

T. Rowe Price Spectrum Growth Fund                                              8,841              96,715             104,937

Other Funds                                                                     2,841              29,752              29,987

Participant Loans                                                                                  57,968              57,968
                                                                                               ----------           ---------

                         Total                                                                 $2,546,541          $2,537,145
                                                                                               ----------           ---------
                                                                                               ----------           ---------



<FN>
* Investment represents 5% or more of the Net Assets Available for Benefits at
  December 31, 1993.

</TABLE>







<PAGE>

                                                                 EXHIBIT 99(d)
                                                                       TO
                                                              FORM 10-K FOR 1993
                                                               File No. 1-8519




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549



                                    FORM 11-K



     (Mark One)

          [ ]  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                   For the fiscal year ended December 31, 1993

                                       OR

          [ ]  TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                   For the transition period from ____ to ____

                         Commission File Number  1-8519



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

                           CBIS 401(k) RETIREMENT PLAN

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


                              CINCINNATI BELL INC.
                             201 East Fourth Street
                             Cincinnati, Ohio  45202

<PAGE>


REPORT OF INDEPENDENT ACCOUNTANTS

FINANCIAL STATEMENTS:

     Statements of Net Assets Available for Plan Benefits

     Statement of Changes in Net Assets Available for Plan Benefits


     Notes to Financial Statements

SCHEDULES:

     Schedule of Investments

     Other schedules are omitted because the information required is contained
     in the financial statements.


<PAGE>

 
                                  SIGNATURES


          Pursuant to the requirements of the Securities Exchange Act of 1934,
the members of the CBIS 401(k) Retirement Plan Committee have duly caused this
annual report to be signed by the undersigned, thereunto duly authorized.

                                   CBIS 401(k) RETIREMENT PLAN



                                        By   /s/ Robert T. Enos
                                             ------------------------------
                                                 Robert T. Enos




May 31, 1994




<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS




CBIS 401(k) Retirement Plan Committee

We have audited the accompanying statement of net assets available for plan
benefits of the CBIS 401(k) Retirement Plan as of December 31, 1993 and 1992 and
the related statement of changes in net assets available for plan benefits for
the year ended December 31, 1993.  These financial statements are the
responsibility of the Plan Administrator.  Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the CBIS
401(k) Retirement Plan as of December 31, 1993 and 1992, and the changes in net
assets available for plan benefits for the year ended in conformity with
generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole.  The supplemental schedule listed in the
accompanying index on page 1 is presented for the purpose of additional analysis
and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974.  The supplemental schedule has been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to the
basic financial statements taken as a whole.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
May 27, 1994



<PAGE>

                           CBIS 401(k) RETIREMENT PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                       Cincinnati Bell             Fidelity
                                         Inc. Common    Fidelity    Growth      Invesco      Suntrust
                                        Shares Stock    Balanced    Company       GIC       Corporate      Loan
    ASSETS                                  Fund          Fund       Fund        Fund      Equity Fund     Fund        Total
                                       --------------   --------   --------     -------    -----------     ----        -----
<S>                                    <C>            <C>         <C>         <C>          <C>         <C>         <C>

Investments:

  Temporary cash investments             $    20,114  $    4,413  $   10,044  $   10,725   $   10,690  $   21,454  $    77,440

  Cincinnati Bell Inc. shares             21,303,414          --          --          --           --          --   21,303,414

  Mutual funds                                    --   6,013,309   8,802,990   6,746,938    6,345,889          --   27,909,126

  Contracts with insurance companies              --          --          --   1,596,251           --          --    1,596,251

  Loans to participants                           --          --          --          --           --   2,459,457    2,459,457
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total investments               21,323,528   6,017,722   8,813,034   8,353,914    6,356,579   2,480,911   53,345,688

  Allotments and contributions receivable    140,764      54,873      82,971      55,164       50,977          --      384,749

  Transfers receivable                         1,701     155,055     157,395         894           --          --      315,045

  Dividends and interest receivable          237,013         288         496         259          172          --      238,228
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total assets                    21,703,006   6,227,938   9,053,896   8,410,231    6,407,728   2,480,911   54,283,710

  LIABILITIES

Distributions payable                        209,516      85,239     161,806     156,237       67,152          --      679,950
Transfers payable                            122,745          64       1,285         209      189,958          --      314,261
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total liabilities                  332,261      85,303     163,091     156,446      257,110          --      994,211
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

Net Assets Available for Plan Benefits   $21,370,745  $6,142,635  $8,890,805  $8,253,785   $6,150,618  $2,480,911  $53,289,499
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

</TABLE>



______________________________
See Notes to Financial Statements.



<PAGE>

                           CBIS 401(k) RETIREMENT PLAN
         STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
                      FOR THE YEAR ENDED DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                       Cincinnati Bell             Fidelity
                                         Inc. Common    Fidelity    Growth      Invesco      Suntrust
                                        Shares Stock    Balanced    Company       GIC       Corporate      Loan
    ASSETS                                  Fund          Fund       Fund        Fund      Equity Fund     Fund        Total
                                       --------------   --------   --------     -------    -----------     ----        -----
<S>                                    <C>            <C>         <C>         <C>          <C>         <C>         <C>

Net assets available for plan
  benefits, December 31, 1992            $18,813,951  $3,510,050  $5,870,912  $7,636,794   $5,197,026  $1,481,848  $42,510,581

Additions:

  Employee allotments                      1,481,992   1,399,235   2,168,430   1,602,534    1,543,064          --    8,195,255
  Company contributions                    3,098,770          --          --          --           --          --    3,098,770
  Transfer of participants'
    balances (net)                          (963,246)    974,997     324,863    (660,508)    (799,021)         --   (1,122,915)
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------
          Net total allotments,
            contributions
            and transfers                  3,617,516   2,374,232   2,493,293     942,026      744,043          --   10,171,110

  Net participant loans                           --          --          --          --           --   1,831,554    1,831,554

  Investment income:
          Interest                             7,734     320,174      28,820     510,100        2,287     135,103    1,004,218
          Dividends                          918,204         413       1,216          --           --          --      919,833

  Net appreciation/(depreciation)
      of investments                        (524,516)    423,687   1,046,992          --      580,145          --    1,526,308
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total additions                  4,018,938   3,118,506   3,570,321   1,452,126    1,326,475   1,966,657   15,453,023
Deductions:

    Distributions to participants         (1,376,146)   (470,131)   (525,935)   (786,835)    (324,583)   (967,594)  (4,451,224)
    Administrative expenses                  (85,998)    (15,790)    (24,493)    (48,300)     (48,300)         --     (222,881)
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

    Total deductions                      (1,462,144)   (485,921)   (550,428)   (835,135)    (372,883)   (967,594)  (4,674,105)

Net assets available for plan
  benefits, December 31, 1993            $21,370,745  $6,142,635  $8,890,805  $8,253,785   $6,150,618  $2,480,911  $53,289,499
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

</TABLE>



______________________________
See Notes to Financial Statements.


<PAGE>

                           CBIS 401(k) RETIREMENT PLAN
               STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
                                DECEMBER 31, 1992


<TABLE>
<CAPTION>

                                       Cincinnati Bell             Fidelity
                                         Inc. Common    Fidelity    Growth      Invesco      Suntrust
                                        Shares Stock    Balanced    Company       GIC       Corporate      Loan
    ASSETS                                  Fund          Fund       Fund        Fund      Equity Fund     Fund        Total
                                       --------------   --------   --------     -------    -----------     ----        -----
<S>                                    <C>            <C>         <C>         <C>          <C>         <C>         <C>

Investments:

  Temporary cash investments             $   212,366  $   27,208  $   22,562  $   28,500   $   34,187  $    5,390  $   330,213
  Cincinnati Bell Inc. shares             17,459,760          --          --          --           --          --   17,459,760
  Mutual funds                                    --   3,454,856   5,797,340   5,154,466    5,134,305          --   19,540,967
  Contracts with insurance companies              --          --          --   2,429,217           --          --    2,429,217
  Loans to participants                           --          --          --          --           --   1,476,458    1,476,458
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total investments               17,672,126   3,482,064   5,819,902   7,612,183    5,168,492   1,481,848   41,236,615

  Allotments and contributions
    receivable                               972,041      34,879      60,364      36,074       50,458          --    1,153,816
  Transfers receivable                         2,584          --         252          10           27          --        2,873
  Dividends and interest receivable          204,860         237         218         116          177          --      205,608
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total assets                    18,851,611   3,517,180   5,880,736   7,648,383    5,219,154   1,481,848   42,598,912

  LIABILITIES

Distributions payable                         37,485       7,035       8,813      11,497       20,629          --       85,459
Transfers payable                                175          95       1,011          92        1,499          --        2,872
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

          Total liabilities                   37,660       7,130       9,824      11,589       22,128          --       88,331
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

Net Assets Available for Plan Benefits   $18,813,951  $3,510,050  $5,870,912  $7,636,794   $5,197,026  $1,481,848  $42,510,581
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------
                                         -----------  ----------  ----------  ----------   ----------  ----------  -----------

</TABLE>



______________________________
See Notes to Financial Statements.



<PAGE>


                          NOTES TO FINANCIAL STATEMENTS

(1)  PLAN DESCRIPTION



     The CBIS 401(k) Retirement Plan (the "Plan") covers eligible employees at
     Cincinnati Bell Information Systems Inc. ("CBIS"), CBIS Federal Inc., CBIS
     International Inc., and CBIS International Services Inc.  CBIS is a wholly-
     owned subsidiary of Cincinnati Bell Inc. (CBI).  Effective January 1, 1992,
     the Plan amended, restated, and superseded the Auxton Computer Enterprises,
     Incorporated Savings and Profit Sharing Plan.  Also effective January 1,
     1992, the assets of the former CBIS Federal Inc. Profit Sharing and Tax
     Deferred Savings Plan were transferred to the Plan.  In addition, on
     January 2, 1992, certain assets of the Cincinnati Bell Inc. Savings and
     Security Plan held for employees of CBIS and its subsidiaries were
     transferred to the Plan.

     All fund values are quoted in shares.  These shares represent the Net Asset
     Value of shares in Fidelity and Suntrust mutual funds and Cincinnati Bell
     Inc. shares.

     The Plan is a profit sharing plan under section 401(a) of the Internal
     Revenue Code of 1986 (the "Code") and is subject to the requirements of the
     Employee Retirement Income Security Act of 1974.  Complete information on
     the provisions of the Plan, including vesting provisions, forfeitures, and
     funding policies are described in the Summary Plan Description.

(2)  ACCOUNTING POLICIES

     The values of investments are determined as follows:  CBI shares in the
     Cincinnati Bell Inc. Common Shares Stock Fund on the basis of the last
     published sales prices on December 31, 1993 on the New York Stock Exchange;
     shares in the Fidelity Balanced Fund, Fidelity Growth Company Fund, and the
     Suntrust Corporate Equity Fund, on the basis of the last published net
     asset value on December 31, 1993; contracts with insurance companies in the
     Invesco GIC Fund at principal plus accrued earnings on December 31, 1993;
     loans to participants in the Loan Fund at the principal owed by the
     participants on December 31, 1993.

     The financial statements of the Plan have been prepared on the accrual
     basis of accounting.

     The Plan presents in the Statement of Changes in Net Assets Available for
     Plan Benefits the net appreciation (depreciation) in the fair value of its
     investments which consist of the realized gains or losses and the
     unrealized appreciation (depreciation) on those investments.

     Purchases and sales of securities are reflected as of the trade date.

     Dividend income is recorded on the ex-dividend date.  Interest earned on
     investments is recorded on the accrual basis.

(3)  INVESTMENT DIRECTION AND SHARE VALUES

     At December 31, 1993 the number of participants with balances by investment
     fund was:

                                                         Number of Participants

                                                                  1993
                                                                  -----

          Cincinnati Bell Inc. Common Shares Stock Fund          2,336
          Fidelity Balanced Fund                                 1,268
          Fidelity Growth Company                                1,563
          Fixed Income Fund                                      1,356
          Suntrust Corporate Equity Fund                         1,277


<PAGE>

(3)  INVESTMENT DIRECTION AND SHARE VALUES, continued

          An interest of an employee in each type of investment of the Plan on
          December 31, 1993 and 1992 is represented by shares.  The number and
          value of shares were:


<TABLE>
<CAPTION>

                                                                            December 31, 1993             December 31, 1992
                                                                       --------------------------    --------------------------

                                                                         Number of      Value per      Number of      Value per
                                                                          Shares          Share          Share          Share
                                                                       ------------     --------     -------------    ---------
     <S>                                                               <C>              <C>          <C>              <C>

     Cincinnati Bell Inc. Commons Shares Stock Fund                    1,183,523.00       18.00      1,019,548.00       17.125
     Fidelity Balanced Fund                                              449,089.54       13.39        281,111.16       12.29
     Fidelity Growth Company                                             302,924.64       29.06        209,744.56       27.64
     Fixed Income Fund                                                 8,343,189.00        1.00      7,583,683.00        1.00
     Suntrust Corporate Equity Fund                                       62,105.00      102.18         55,506          92.50

</TABLE>


(4)  INCOME TAX STATUS

     The Internal Revenue Service has issued a determination that the Plan meets
     the requirements of section 401(a) of the Code and is exempt from Federal
     income taxes under section 501(a) of the Code.


<PAGE>

                           CBIS 401(k) RETIREMENT PLAN
                             SCHEDULE OF INVESTMENTS
                                DECEMBER 31, 1993


<TABLE>
<CAPTION>

                                                                                    Number of
                                                                                    Shares or
           Name of Issuer and Time of Issue                                     Principal Amount      Cost           Value
           --------------------------------                                     ----------------  ------------   ------------
<S>                                                                             <C>               <C>            <C>

     CINCINNATI BELL INC. COMMON SHARES STOCK FUND

Cincinnati Bell shares * . . . . . . . . . . . . . . . . . . . . . . . . .         1,183,523      $ 13,615,710   $ 21,303,414
Temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . .            20,114            20,114         20,114
                                                                                                   -----------    -----------

                    Total Cincinnati Bell Inc. Common Shares Stock Fund. .                          13,635,824     21,323,528
                                                                                                   -----------    -----------

     FIDELITY BALANCED FUND

Fidelity Balanced Fund * . . . . . . . . . . . . . . . . . . . . . . . . .           449,090         5,770,039      6,013,309
Temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . .             4,413             4,413          4,413
                                                                                                   -----------    -----------

                    Total Fidelity Balanced Fund . . . . . . . . . . . . .                           5,774,452      6,017,722
                                                                                                   -----------    -----------

     FIDELITY GROWTH COMPANY FUND

Fidelity Mt. Vernon Growth Fund *. . . . . . . . . . . . . . . . . . . . .           302,925         8,330,590      8,802,990
Temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . .            10,044            10,044         10,044
                                                                                                   -----------    -----------

                    Total Fidelity Growth Company Fund . . . . . . . . . .                           8,340,634      8,813,034
                                                                                                   -----------    -----------

     INVESCO GIC FUND

Contract with New York Life Insurance Company. . . . . . . . . . . . . . .           330,551           330,551        330,551
Contracts with Confederation Life Insurance Company. . . . . . . . . . . .            93,743            93,743         93,743
Contract with Provident Mutual Life Insurance Company. . . . . . . . . . .            53,349            53,349         53,349
Contract with Ohio National Life Insurance Company . . . . . . . . . . . .           137,754           137,754        137,754
Contract with Hartford Life Insurance Company. . . . . . . . . . . . . . .           643,804           643,804        643,804
Contract with Prudential Life Insurance Company of America . . . . . . . .           114,730           114,730        114,730
Contracts with Crown Life Insurance Company. . . . . . . . . . . . . . . .           222,320           222,320        222,320
Invesco Fixed Income Fund *. . . . . . . . . . . . . . . . . . . . . . . .         6,746,938         6,746,938      6,746,938
Temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . .            10,725            10,725         10,725
                                                                                                   -----------    -----------

                    Total Invesco GIC Fund . . . . . . . . . . . . . . . .                           8,353,914      8,353,914
                                                                                                   -----------    -----------

     SUNTRUST CORPORATE EQUITY FUND

Suntrust Corporate Equity Fund * . . . . . . . . . . . . . . . . . . . . .            62,105         4,612,495      6,345,889
Suntrust Retirement Reserve. . . . . . . . . . . . . . . . . . . . . . . .            10,690            10,690         10,690
                                                                                                   -----------    -----------

                    Total Suntrust Corporate Equity Fund . . . . . . . . .                           4,623,185      6,356,579
                                                                                                   -----------    -----------

     LOAN FUND

Loans to Participants. . . . . . . . . . . . . . . . . . . . . . . . . . .                           2,459,457      2,459,457
Temporary Cash Investments . . . . . . . . . . . . . . . . . . . . . . . .                              21,454         21,454
                                                                                                   -----------    -----------

                    Total Loan Fund. . . . . . . . . . . . . . . . . . . .                           2,480,911      2,480,911
                                                                                                   -----------    -----------

                                        GRAND TOTAL. . . . . . . . . . . .                        $ 43,208,920   $ 53,345,688
                                                                                                   -----------    -----------
                                                                                                   -----------    -----------


<FN>
*  Investments represents 5% or more of the Net Assets Available for Plan
   Benefits.Y

</TABLE>






<PAGE>

                                                                      EXHIBIT 23







                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statements
of Cincinnati Bell Inc. on Form S-3 (File No. 33-39385), Form S-3 (File
No. 33-42215), Form S-3 (File No. 33-54750), Form S-3 (File No. 33-62044),
Form S-8 (File No. 33-29332), Form S-8 (File No. 33-3195), Form S-8 (File
No. 33-1462), Form S-8 (File No. 33-1487), Form S-8 (File No. 33-15467),
Form S-8 (File No. 33-23159), Form S-8 (File No. 29331), Form S-8 (File
No. 33-36381), Form S-8 (File No. 33-36380), Form S-8 (File No. 33-39654), and
Form S-8 (File No. 33-43775), and Form S-14 (File No. 2-82253) of our report
dated February 11, 1994 on our audits of the consolidated financial statements
and financial statement schedules of Cincinnati Bell Inc. as of December 31,
1993 and 1992, and for each of the three years in the period ended December 31,
1993, which report is included in the 1993 Annual Report on Form 10-K of
Cincinnati Bell Inc.

We also consent to the inclusion in the 1993 Annual Report on Form 11-K of the
Cincinnati Bell Inc. Savings and Security Plan and to the incorporation by
reference in the registration statements set forth in the first paragraph above
of our report dated May 6, 1994 on our audits of the financial statements of the
Cincinnati Bell Inc. Savings and Security
 Plan as of December 31, 1993, 1992,
and for the years then ended and the accompanying schedule of investments as of
December 31, 1993. We understand that the 1993 Annual Report of the Cincinnati
Bell Inc. Savings and Security Plan will be Exhibit 28(b) to the 1993 Annual
Report on Form 10-K of Cincinnati Bell Inc.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
June 14, 1994


<PAGE>

                                                                      EXHIBIT 23







                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statements
of Cincinnati Bell Inc. on Form S-3 (File No. 33-39385), Form S-3 (File
No. 33-42215), Form S-3 (File No. 33-54750), Form S-3 (File No. 33-62044),
Form S-8 (File No. 33-29332), Form S-8 (File No. 33-3195), Form S-8 (File
No. 33-1462), Form S-8 (File No. 33-1487), Form S-8 (File No. 33-15467),
Form S-8 (File No. 33-23159), Form S-8 (File No. 33-29331), Form S-8 (File
No. 33-36381), Form S-8 (File No. 33-36380), Form S-8 (File No. 33-39654), and
Form S-8 (File No. 33-43775), and Form S-14 (File No. 2-82253) of our report
dated February 11, 1994 on our audits of the consolidated financial statements
and financial statement schedules of Cincinnati Bell Inc. as of December 31,
1993 and 1992, and for each of the three years in the period ended December 31,
1993, which report is included in the 1993 Annual Report on Form 10-K of
Cincinnati Bell Inc.

We also consent to the inclusion in the 1993 Annual Report on Form 11-K of the
Cincinnati Bell Inc. Retirement Savings Plan and to the incorporation by
reference in the registration statements set forth in the first paragraph above
of our report dated May 6, 1994 on our audits of the financial statements of the
Cincinnati Bell Inc. Retirement Savings Plan as of December 31, 1993, 1992, and
for the years then ended and the accompanying schedule of investments as of
December 31, 1993. We understand that the 1993 Annual Report of the Cincinnati
Bell Inc. Retirement Savings Plan will be Exhibit 28(a) to the 1993 Annual
Report on Form 10-K of Cincinnati Bell Inc.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
June 14, 1994


<PAGE>

                                                                      EXHIBIT 23







                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statement of
Cincinnati Bell Inc. on Form S-3 (File No. 33-39385), of our report dated
February 11, 1994 on our audits of the consolidated financial statements and
financial statement schedules of Cincinnati Bell Inc. as of December 31, 1993
and 1992, and for the year ended December 31, 1993, which report is included in
the 1993 Annual Report on Form 10-K of Cincinnati Bell Inc.

We also consent to the inclusion in the 1993 Annual Report on Form 11-K of the
MATRIXX Marketing Inc. Profit Sharing/401(k) Plan (the Plan) and to the
incorporation by reference in the registration statement set forth in the first
paragraph above of our report dated May 27, 1994 on our audits of the financial
statements of the Plan as of December 31, 1993 and 1992, and for the year ended
December 31, 1993 and the accompanying schedule of investments as of
December 31, 1993. We understand that the 1993 Annual Report of the Plan will be
Exhibit 28(c) to the 1993 Annual Report on Form 10-K of Cincinnati Bell Inc.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
June 21, 1994


<PAGE>

                                                                      EXHIBIT 23







                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statement of
Cincinnati Bell Inc. on Form S-8 (File No. 33-43775), of our report dated
February 11, 1994 on our audits of the consolidated financial statements and
financial statement schedules of Cincinnati Bell Inc. as of December 31, 1993
and 1992, and for the year ended December 31, 1993, which report is included in
the 1993 Annual Report on Form 10-K of Cincinnati Bell Inc.

We also consent to the inclusion in the 1993 Annual Report on Form 11-K of the
CBIS 401(k) Retirement Plan (the Plan) and to the incorporation by reference in
the registration statement set forth in the first paragraph above of our report
dated May 27, 1994 on our audit of the financial statements of the Plan as of
December 31, 1993 and 1992, and for the year ended December 31, 1993 and the
accompanying schedule of investments as of December 31, 1993. We understand that
the 1993 Annual Report of the Plan will be Exhibit 28(d) to the 1993 Annual
Report on Form 10-K of Cincinnati Bell Inc.



/s/ COOPERS & LYBRAND

COOPERS & LYBRAND

Cincinnati, Ohio
June 21, 1994