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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: September 18, 1996
AT&T CORP.
A New York Commission File I.R.S. Employer
Corporation No. 1-1105 No. 13-4924710
32 Avenue of the Americas, New York, New York 10013-2412
Telephone Number (212) 387-5400
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Form 8-K AT&T Corp.
September 18, 1996
Item 5. Other Events.
See Exhibit 99 to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99 AT&T Corp. Press Release issued September
18, 1996.
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Form 8-K AT&T Corp.
September 18, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
AT&T CORP.
By: S. L. Prendergast
Vice President and Treasurer
September 18, 1996
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EXHIBIT INDEX
Exhibit
Number
_______
99 AT&T Corp. Press Release issued September 18,
1996.
<PAGE> 1 Exhibit 99
AT&T Sets Final Stock Distribution Ratio of Lucent
Technologies
FOR RELEASE: Wednesday, September 18, 1996
NEW YORK -- AT&T today announced that the final
distribution of the shares in Lucent Technologies Inc.,
scheduled for September 30, will be on the basis of .324084 of
a share of Lucent for each AT&T share outstanding. Last
evening, AT&T had 1,618,791,701 shares outstanding.
In July, the AT&T board of directors declared a special
stock dividend to AT&T shareowners of record on September
17,1996. The special dividend is the distribution of the
524,624,894 shares of common stock in Lucent Technologies
currently held by AT&T. The distribution will finalize the
spinoff of Lucent Technologies from AT&T.
The distribution will result in AT&T shareowners
receiving approximately 82.4 percent of the outstanding shares
of Lucent Technologies common stock. The other 17.6 percent
of the outstanding shares of Lucent Technologies was sold to
the public in April.
Shareowners will receive stock certificates for whole
shares and cash payments for fractional shares. As previously
announced, AT&T has received a ruling from the Internal
Revenue Service that the dividend to shareowners qualifies as
tax-free for federal income tax purposes, except to the extent
that cash is received instead of fractional shares. The
distribution remains subject to the conditions set forth in
the spinoff agreement previously entered into between AT&T and
Lucent Technologies.
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