<PAGE> Filed Under Rule 424 (b)(3)
Registration Statement No. 33-61003
SUPPLEMENT NO. 48 TO PROSPECTUS DATED SEPTEMBER 20, 1995
(AS SUPPLEMENTED OCTOBER 19, 1995)
AT&T CAPITAL CORPORATION
Medium Term Notes, Series 3
Due Nine Months or More From Date of Issue.
Issue Price: 100%
(as a percent of principal amount)
Fixed and Floating Rate Notes
Interest Rate
Range of Maturities Per Annum
- ------------------- -------------
From 2 years to less than 3 years .................. 6.12%
Amount of Sale: $50,000,000 Maturity Date:26-Feb-99
Date of Sale: March 21,1996 CUSIP Number:00206HZT4
Settlement Date:March 26, 1996
Redemption:
Check applicable sentence.
X The Notes cannot be redeemed prior to maturity
---
The Notes may be redeemed prior to maturity
---
Redemption Date: Redemption Price:
----------- ------------
(as a percent of principal amount)
Repayment:
Check applicable sentence.
X The Notes cannot be repaid prior to maturity.
---
The Notes may be repaid prior to maturity.
---
Repayment Date: Repayment Price:
------------ ------------
(as a percent of principal amount)