Registration Nos. 333-14865, 333-14865-01,
33-50049 and 33-50049-01
Filing under Rule 424(b)(3)
PRICING SUPPLEMENT NO. 1 DATED DECEMBER 17, 1996
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(To Prospectus dated December 9, 1996, as supplemented by
Prospectus Supplement dated December 9, 1996)
U S WEST CAPITAL FUNDING, INC.
MEDIUM-TERM NOTES
DUE FROM NINE MONTHS OR MORE FROM DATE OF ISSUE
UNCONDITIONALLY GUARANTEED AS TO PAYMENT OF
PRINCIPAL, PREMIUM, IF ANY, AND INTEREST BY
U S WEST, INC.
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<S> <C>
Aggregate Principal Amount: $ 5,000,000
Settlement Date: December 30, 1996
Maturity: December 30, 2003
Coupon: 6.84%
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PURCHASE AS PRINCIPAL
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This Pricing Supplement relates to $5,000,000 aggregate principal amount
of Notes that are being purchased, as principal, by Merrill Lynch, Pierce,
Fenner & Smith Incorporated ("Merrill Lynch") for resale to investors at
varying prices relating to prevailing market prices at the time of resale as
determined by Merrill Lynch. The net proceeds payable by Merrill Lynch to U S
WEST Capital Funding, Inc. ("Capital Funding") will be 98.75% of the aggregate
principal amount of the Notes, or $4,937,500, before deduction of expenses
payable by Capital Funding. In connection with the sale of the Notes, Merrill
Lynch may be deemed to have received compensation in the form of underwriting
discounts in the amount of 1.25% of the aggregate principal amount of the
Notes, or $62,500.
