<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the audited balance sheet of AT&T at March 31, 1997, and the audited consolidated statement of income for the three-month period ended March 31, 1997, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-1-1997 <PERIOD-END> Mar-31-1997 <CASH> 198 <SECURITIES> 0 <RECEIVABLES> 9,687 <ALLOWANCES> 999 <INVENTORY> 0 <CURRENT-ASSETS> 15,724 <PP&E> 39,457 <DEPRECIATION> 20,151 <TOTAL-ASSETS> 54,461 <CURRENT-LIABILITIES> 14,464 <BONDS> 7,867 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,624 <OTHER-SE> 19,242 <TOTAL-LIABILITY-AND-EQUITY> 54,461 <SALES> 0 <TOTAL-REVENUES> 12,662 <CGS> 0 <TOTAL-COSTS> 11,023 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 549 <INTEREST-EXPENSE> 52 <INCOME-PRETAX> 1,755 <INCOME-TAX> 667 <INCOME-CONTINUING> 1,088 <DISCONTINUED> 38 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,126 <EPS-PRIMARY> .69 <EPS-DILUTED> .69