King Hussein met with two of his most vociferous erstwhile enemies yesterday who came here in an act of obeisance determined to dissuade Jordan from joining the Camp David peace process.

The king embraced Paslestinian guerrilla chieftain Yasser Arafat and Libyan leader Muammar Qaddafi and conferred with them for more than two hours.

But the outcome of the talks appeared as inconclusive as Secretary of State Cyrus Vance's mission less than 24 hours earlier aimed at winning the Jordanian monarch's backing for Camp David.

Later yesterday, officials here announced that the king would hold news conference today to address the Camp David accords and Jordan's stand.

The surprise meeting, which came at Qaddafi's initiative, forshadowed the possibility of realignments in the Arab world since oil-rich Libya could become a source of aid in case the United States attempted to use its financial backing of Jordan as leverage for changing Hussein's mind.

While yesterday's meeting did not involve a full rapprochement between Hussein and his former enemies, it was indicative of the king's efforts to keep open his options against pressures from various directions.

Qaddafi and Arafat drove from the Syrian capital of Damascus - some 90 miles to the northwest - where they were participating in the summit conference of hardline Arab states casting about for ways to block the Camp David agreements.

The meeting here - at an air force base bearing the king's name in the desert of northern Jordan - was replete with the ironies that are a Middle East staple.

Although Arafat and the king formally met last year in an Arab summit conference in Cairo, it was the Palestinian guerrilla leader's first visit to Jordan since 1971.

Then, the king's armed forces - including warplanes based here - blasted the cocky guerrillas into submission in a series of bloody battles that had begun the previous year and collectively are called "Black September" by the Palestinians.

Qaddafi and the king have not been on speaking terms since September, 1970. Then the Libyan leader cut off his subsidies to Jordan and actually pulled a gun on Hussein in a fiery argument at another Cairo summit called to end the fighting between the guerrillas and the Jordanian army in the capital of Amman.

The king yesterday made it clear that his visitors were welcome as sinners who had erred but had seen the light. At the end of the four-hour visit, he escorted them to his yellow Mercedes 600 limousine after smiling and embracing them.

Arafat and Qaddafi piled into the limousine - which flew the Jordanian and Libyan flags but not the PLO banner - and were taken to the Syrian border 20 miles away, passing through the crossroads which marked the farthest penetration of Syrian troops in 1971 seeking to help the beleaguered Palestinians fighting the Jordanian army.

Hussein, before leaving by helicopter for Amman, told reporters that the "very constructive talks" had produced "very positive results." Asked if a new era had now begun, the monarch said, "it is up to our brethren to coordinate their efforts with us. This is fundamental. Our path is straight and open and the world knows it."

Hussein was accompanied at the talks by a high-powered team that included, Premier, Defense and Foreign Affairs Minister Mudar Badran, Gen. Sharif Zeid Ibu Shaker, commander in chief of the armed forces, and other senior officials.

As if to underline his own strength and calm, the king was dressed in a conservative tan business suit in contrast to his visitor's theatrical getups. Arafat, sporting his usual scraggly beard, was dressed in olive green army fatigues and a black-and -white headdress and Qaddafi was wearing an open-necked officer's uniform with rows and rows of ribbons and decorations on his chest.

While Qaddafi and Arafat were in Jordan, george Habash, leader of the Marxist Popular Front for the Liberation of Palestine, who is also attending the Damascus conference, complained to reporters that Arafat had left for Jordan without consulting him or other PLO leaders.

But his was mild criticism especially since the king is one of his favorite whipping boys.

Even a Syrian immigration official at the Jordanian-Syrian border admitted to confustion as the official convoy swept back north to Damascus."The world upside down," he said.

But such is the low ebb of the hardline countries - principally Syria, Algeria, Libya and South Yemen and including the PLO - that they can ill afford to allow Jordan to join the Camp Davie peace negotiations without risking collapse.

At the conference in Damascus, the participants were faced with the knowledge that war - now that Egypt has signalled its willingness to make peace - is out of the question for the time being. Furthermore, Syrian President Hafez Assad has no intention of giving in to his more radical friends' demands for an alliance with the Soviets to counterbalance what they perceive to be the American-Egyptian-Israeli axis.

At best, the Damascus conference is expected to agree on yet another of the Arab world's unified political-military commands which have produced little in the past. Also under active consideration is dispatching Assad to visits to signal he is out of sorts with the Americans although unwilling to Moscow on yet another of his periodic break the relationship nurtured with Washington since 1973.

Algeria and especially Libya, the two oil-rich hardline states, were reported willing finance both Syria and th PLO, but in the past 10 months since the first hardline summit meeting called to stop Egyptian President Anwar Sadat's go-it-alone diplomacy, such promises have been honored in the breach.

[TEXT OMITTED FROM SOURCE] Arab lands and Palestinians were granted the right to create their own state.

Brezhnev also accused "influencial circles" in the United States of seeking to provoke Moscow into taking steps that would worsen relations between the two powers.

He charged the United States with "flagrant violations" of the letter and spirit of the 1975 Helsinki European security accord in launching "a loud propaganda campaign" over recent trials of Soviet dissenters.

The speech was the first top-level Soviet response to the Camp David accords.

Brezhnev broke no new ground however, following closely the lines of comment in the Moscow press and describing the agreements as "a fresh anti-Arab deal" that ignores the basic conditions for a real Middle East peace.