<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the unaudited balance sheet of AT&T Corp. at December 31, 1996 and the unaudited consolidated statement of income for the twelve-month period ended December 31, 1996 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-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 9,911 <ALLOWANCES> 942 <INVENTORY> 0 <CURRENT-ASSETS> 17,073 <PP&E> 39,385 <DEPRECIATION> 19,649 <TOTAL-ASSETS> 55,382 <CURRENT-LIABILITIES> 16,151 <BONDS> 7,883 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,623 <OTHER-SE> 18,672 <TOTAL-LIABILITY-AND-EQUITY> 55,382 <SALES> 0 <TOTAL-REVENUES> 50,546 <CGS> 0 <TOTAL-COSTS> 41,783 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,938 <INTEREST-EXPENSE> 343 <INCOME-PRETAX> 8,810 <INCOME-TAX> 3,237 <INCOME-CONTINUING> 5,573 <DISCONTINUED> 335 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,908 <EPS-PRIMARY> 3.67 <EPS-DILUTED> 3.66