Washington Bullets forward Terry Catledge, who suffered a hairline fracture of a bone in his neck in a one-vehicle accident near his home in Mississippi on Sunday, was in satisfactory condition in a hospital yesterday.

A spokeswoman at North Mississippi Medical Center in Tupelo announced last night that Catledge had been released, but retracted that statement later.

Catledge, who started at power forward, was one of four people riding in his 1987 Ford Bronco on Mississippi Rte. 8 four miles west of Calhoun City when the driver, Michael Evans, lost control of the vehicle. It skidded off the road, went down an embankment and rolled several times before coming to rest upside down.

Killed in the accident was Ricky Cooper, 22, of Houston, Miss.

Catledge said he would dedicate his career to Cooper, who was his cousin. "I wouldn't play another second of basketball if I could have Ricky back," he said.

Catledge will wear a neck brace for three to six weeks and will be limited to walking or slow jogging. Dr. Tom McDonald, a neurosurgeon who treated Catledge, said: "There is no fracture. . . . Terry suffered no nerve or spinal cord injury." McDonald said the injury would not prevent the forward from resuming his playing career.