<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheet of AT&T Corp. at December 31, 1997, and the consolidated statement of income for the twelve-month period ended December 31, 1997, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 318 <SECURITIES> 307 <RECEIVABLES> 15,347 <ALLOWANCES> 988 <INVENTORY> 0 <CURRENT-ASSETS> 16,777 <PP&E> 46,436 <DEPRECIATION> 22,233 <TOTAL-ASSETS> 61,095 <CURRENT-LIABILITIES> 17,317 <BONDS> 7,857 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,684 <OTHER-SE> 20,994 <TOTAL-LIABILITY-AND-EQUITY> 61,095 <SALES> 0 <TOTAL-REVENUES> 51,577 <CGS> 0 <TOTAL-COSTS> 44,741 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,522 <INTEREST-EXPENSE> 307 <INCOME-PRETAX> 6,972 <INCOME-TAX> 2,723 <INCOME-CONTINUING> 4,249 <DISCONTINUED> 166 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,415 <EPS-BASIC> 1.65 <EPS-DILUTED> 1.65