Rule 424(b)(3)
File No. 33-56909
File No. 33-56909-01
PRICING SUPPLEMENT NO. 1E DATED 9/30/97
(To Prospectus Dated June 6, 1995, as supplemented by the Prospectus Supplement
Dated September 30, 1996)
SBC COMMUNICATIONS CAPITAL CORPORATION
Medium-Term Notes, Series E
Due From 9 months or More From Date of Issue
Fixed Rate Note
Trade Date: 9/26/97 Interest Rate Per 7.00%
Annum:
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Settlement Date: 10/01/97 Stated Maturity Date: 10/01/2012
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Issue Price (expressed as a percentage of the Principal Amount, before Agent's
discount, if any): 100.147%
Agent's commission or discount from Issue Price (expressed as a percentage of
the
Principal Amount): 0.600%
Regular Interest Payment Dates: February 1 and August 1
Form of Note: Book Entry Depository: DTC
Principal amount offered to or through each Agent:
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Salomon Brothers Inc., acting agent principal
as:
- ---------------- ------- ------
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$60,000,000 Bear, Stearns & Co. Inc., X agent principal
acting as:
- ---------------- ------- ------
------- ------
Merrill Lynch & Co., acting as: agent 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:
The medium-term notes are not redeemable prior to October 1, 2007. On or after
October 1, 2007 and prior to maturity, SBC Communications Capital Corporation,
at its option, may redeem all or from time to time any part of the medium-term
notes upon not less than 30 days but not more than 60 days notice at the
following redemption prices (expressed as a percentage of the principal amount)
during the 12-month periods beginning October 1, in each case together with
accrued interest to the redemption date.
Redemption
Year Price
2007................101.50%
2008................101.00%
2009................100.50%
2010................100.00%
