Exhibit 20.3 

                        News Release

    FOR IMMEDIATE RELEASE              CONTACT: Thomas P. Scottino  
    10/24/96                           (708) 378-7504 
                                         
                                       

    TELLABS DECLARES TWO-FOR-ONE STOCK SPLIT

    Lisle, Ill. -- Telecommunications equipment manufacturer Tellabs, Inc.,
    announced Thursday that its Board of Directors declared a 2-for-1 stock
    split effected in the form of a 100 percent stock dividend that will
    be paid on November 15, 1996, to shareholders of record as of 
    October 31, 1996.

    The stock split is designed to improve trading liquidity and broaden 
    ownership of the company's common shares.  After the stock split, there
    will be approximately 179 million common shares outstanding.

    Tellabs, Inc. designs, manufactures, markets and services voice and 
    data transport and network access systems.  The company's products are
    used worldwide by the providers of communications services.  Tellabs,
    Inc., stock is listed on the Nasdaq Stock Market (TLAB).