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Filed Pursuant to Rule 424 (b) (3)
Registration No. 33-49589
Pricing Supplement No. 16 Dated: May 4, 1995
(To Prospectus dated June 23, 1993 and Prospectus Supplement dated October 8,
1993)
AT&T Corp.
Medium-Term Notes, Series A
Due More than Nine Months From Date of Issue
Fixed Rate Note
Principal Amount: $50,000,000
CUSIP Number: 00206QAN4
Agent: Morgan Stanley & Co. Incorporated
acting as Principal
Agent's Commission: .75% underwriting commission. See
"Plan of Distribution" below.
Original Issue Date: May 11, 1995
Maturity Date: May 15, 2025
Issue Price: The agent has purchased the notes
as principal at 100.124% of the
principal amount less the
underwriting commission for resale
to certain dealers and investors.
See "Plan of Distribution" below.
Specified Currency: U.S. Dollars
Note Form: Book-Entry
Interest Rate: 8.0%
Interest Payment Dates: Semiannually, on each May 15 and
November 15, commencing on November
15, 1995. If the Interest Payment
Date is not a New York Banking Day,
interest will be paid on the next
New York Banking Day.
Accrual of Interest: Interest accrues up to, but not
including, the next relevant
Interest Payment Date from, and
including, the next preceding
Interest Payment Date to which
interest has been paid (or from and
including the Original Issue Date
if no interest has been paid on the
Notes) unless the Notes have been
called for redemption as provided
for below.
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Calculation Dates: N/A
Calculation Agent: N/A
Redemption: The Notes may be redeemed in whole
or in part prior to maturity at the
option of the Company.
Optional Redemption Dates: Any time on or after May 15, 2005.
Optional Redemption Price: The notes may be redeemed any time
on or after May 15, 2005 at the
following prices, expressed as a
percentage of the Principal Amount
during the 12-month periods
beginning May 15:
2005 104.062%
2006 103.656%
2007 103.250%
2008 102.843%
2009 102.437%
2010 102.031%
2011 101.625%
2012 101.219%
2013 100.812%
2014 100.406%
2015 - 2024 100.000%
Repayment: The Notes cannot be repaid prior to
maturity at the option of the
holder.
Renewal: The Notes cannot be renewed by the
holder.
Extension: The Notes cannot be extended prior
to maturity.
Dual Currency Notes: The Company can not make payments
in an optional currency.
Original Issue Discount: This Note is not a Discount Note or
an Original Issue Discount Note.
Plan of Distribution
See "Issue Price" above. The Agent (acting as principal) has advised
the Company that it proposes to offer the Notes in part to the public at
100.124% and in part to certain dealers at such price less a selling
concession not in excess of .50% of the principal amount of the Notes for
resale to the public at 100.124%. The agent and the dealers may reallow a
concession not in excess of .25% of the principal amount of the Notes to
certain brokers and dealers.
