AT&T (T) 8-K Unaudited Pro Forma Condensed Combined Financial Statements

SBC COMMUNICATIONS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES — PRO FORMA
Dollars in Millions

Nine Months Ended September 30, 2005

SBC
Historical AT&T
Historical Pro Forma
Adjustments         Combined

Income Before Income Taxes	$	4,344	(a)	$	2,193	$	(35	)	$	6,502
Add: Interest Expense		1,051			538		(94	)		1,495
Dividends on Preferred Securities		26			-					26
1/3 Rental Expense		116			105					221
Adjusted Earnings	$	5,537		$	2,836	$	(129	)	$	8,244
Total Interest Charges	$	1,075			554		(94	)	$	1,535
Dividends on Preferred Securities		26			-					26
1/3 Rental Expense		116			105					221
Adjusted Fixed Charges	$	1,217		$	659	$	(94	)	$	1,782
Ratio of Earnings to Fixed Charges		4.55			4.30					4.63

(a)     For SBC, undistributed earnings on investments accounted for under the equity method have been excluded.