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Registration Nos. 333-31333 and 33-63145
Filed under Rule 424(b)(3)
PRICING SUPPLEMENT NO. 1 DATED AUGUST 11, 1997
(To Prospectus dated July 28, 1997, as supplemented by
Prospectus Supplement dated July 31, 1997)
GTE CORPORATION [LOGO]
MEDIUM-TERM NOTE, SERIES A
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
(Fixed Rate)
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<S> <C> <C>
Principal Amount: $105,000,000
Selling Agents' Commission: 0.500%
Net Proceeds To Issuer: $104,475,000
Original Issue Date: AUGUST 14, 1997 Interest Rate: 6.56% Stated Maturity: AUGUST 14, 2002
Interest Payment Date(s): Record Date(s): Default Rate: 6.56%
[X] February 1 and August 1 [X] January 15 and July 15
[ ] Other: [ ] Other:
Redemption Commencement Initial Redemption Annual Redemption
Date: NONE PRIOR TO STATED MATURITY Percentage: N/A Percentage
Reduction: N/A
Optional Repayment [ ]Check If An Original
Date(s): NONE PRIOR TO STATED MATURITY Issue Discount Note
Issue Price: %
Specified Currency: Authorized Denomination: Exchange Rate Agent
[X] United States dollars [X] $1,000 and integral (if other than The
[ ] Other: multiples thereof Bank of New York): N/A
[ ] Other:
Addendum Attached: Form:
[ ] Yes [X] Book-Entry
[X] N0 [ ] Certificated
Other Provisions: NONE
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT, THE PROSPECTUS SUPPLEMENT OR
THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
[X] GOLDMAN, SACHS & CO.
[X] MERRILL LYNCH & CO.
[X] SALOMON BROTHERS INC
