Rule 424(b)(3)
File No. 33-45490
File No. 33-45490-01
PRICING SUPPLEMENT NO. 34D DATED December 9, 1994
(To Prospectus Dated August 12, 1992, as supplemented by the
Prospectus Supplement Dated August 19, 1992)
SOUTHWESTERN BELL CAPITAL CORPORATION
Medium-Term Notes, Series D
Due From 9 months to 30 Years From Date of Issue
Fixed Rate Note
Trade Date: 12/07/94 Interest Rate Per Annum: 7.90%
Settlement Date: 12/14/94 Stated Maturity Date: 12/16/1996
Issue Price (expressed as a percentage
of the Principal Amount, before Agent's discount): 100%
Agent's commission or discount from Issue
Price (expressed as a percentage of the Issue Price): .25%
Regular Interest Payment Dates: March 1 and September 1
Form of Note: Book Entry Depository: DTC
Principal amount offered to or through each Agent:
$15,000,000 Salomon Brothers Inc, acting as: agent
X principal
$15,000,000 CS First Boston Corporation, acting as: agent
X principal
$15,000,000 Merrill Lynch & Co., acting as: agent
X principal
If acting as principal, the Agents propose to resell the Notes at
varying prices related to prevailing market prices at the time of
resale, as determined by each Agent. Each Agent will be committed to
take and pay for its respective principal amount of the Notes if any
are taken by such Agent.
Redemption:
X The Notes are not redeemable prior to the Maturity Date.
The Notes are redeemable prior to the Maturity Date at the
option of the Company on or after at par.
