FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number 3235-0104
EXPIRES: SEPTEMBER 30, 1998
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE......0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
SBC Communications Inc.
(Last) (First) (Middle)
175 East Houston
(Street)
San Antonio Texas 78205
(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
January 4, 1998
3. IRS or Social Security Number of Reporting Person (Voluntary)
43-1301883
4. Issuer Name and Ticker or Trading Symbol
Southern New England Telecommunications Corporation (SNG)
5. Relationship of Reporting Person to Issuer (Check all applicable)
___ Director _x_ 10% Owner
___ Officer (give title below) ___ Other (specify below)
____________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
N/A
7. Individual or Joint/Group Filing (check Applicable Line)
_x_ Form filed by One Report Person
___ Form filed by More than One Report Person
<PAGE>
FORM 3 (CONTINUED)
TABLE I-- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Form: Direct (D) (Instr. 5)
(Instr. 4) or Indirect (I)
(Instr. 5)
<S> <C> <C> <C>
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Print or Type Responses) SEC 1473 (7-96)
<PAGE>
FORM 3 (CONTINUED)
TABLE II-- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
1. Title of 2. Date Exercisable 3. Title and Amount of 4. Conversion or 5. Ownership Form 6. Nature of
Derivative and Expiration Securities Underlying Exercise Price of Derivative Indirect
Security Date Derivative Security of Derivative Security: Direct Beneficial
(Instr. 4) (Month/Day/Year) (Instr. 4) Security (D) or Indirect Ownership
(I) (Instr. 5) (Instr. 5)
Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
<S> <C> <C> <C> <C> <C> <C> <C>
Option to purchase shares of + + Common 13,266,587 $65.00 D N/A
Common Stock, par value $1.00 Stock per share
per share ("Common Stock"),
of Southern New England Tele-
communications Corporation
("SNET")+
</TABLE>
Explanation of Responses:
+ Beneficial ownership of 13,266,587 shares of Common Stock (subject to
adjustment as provided in the Stock Option Agreement (as defined below))
hereunder is being reported solely as a result of the Stock Option Agreement,
dated as of January 4, 1998 (the "Stock Option Agreement"), between SBC
Communications Inc. ("SBC") and SNET. The option granted pursuant to the Stock
Option Agreement (the "Option") may be exercised, in whole or in part, only upon
happening of certain events as set forth in the Stock Option Agreement, none of
which events has happened as of the date hereof. The Option expires upon
happening of certain events as set forth in the Stock Option Agreement. SBC
expressly disclaims ownership of shares of Common Stock which may be purchased
by SBC pursuant to the terms of the Stock Option Agreement.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
SBC Communications Inc.
By: /s/ J.D. Ellis January 13, 1998
------------------- ---------------------
Name: J.D. Ellis Date
Title: Senior Executive Vice President
and General Counsel
**Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Page 2
SEC 1473 (7-96)
