<ARTICLE> 5
<LEGEND>
This schedule contains restated summary financial information extracted from the
audited balance sheet of AT&T at December 31, 1994 and the audited consolidated
statement of income for the twelve-month period ended December 31, 1994 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                           1,208
<SECURITIES>                                       294
<RECEIVABLES>                                   13,671
<ALLOWANCES>                                     1,251
<INVENTORY>                                      3,633
<CURRENT-ASSETS>                                37,611
<PP&E>                                          44,798
<DEPRECIATION>                                  23,519
<TOTAL-ASSETS>                                  79,262
<CURRENT-LIABILITIES>                           30,930
<BONDS>                                         11,358
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,569
<OTHER-SE>                                      16,352
<TOTAL-LIABILITY-AND-EQUITY>                    79,262
<SALES>                                         21,161
<TOTAL-REVENUES>                                75,094
<CGS>                                           13,273
<TOTAL-COSTS>                                   44,382
<OTHER-EXPENSES>                                22,763
<LOSS-PROVISION>                                 1,929
<INTEREST-EXPENSE>                                 724
<INCOME-PRETAX>                                  7,518
<INCOME-TAX>                                     2,808
<INCOME-CONTINUING>                              4,710
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,710
<EPS-PRIMARY>                                    $3.01
<EPS-DILUTED>                                        0