<ARTICLE> 5 <CIK> 0000275177 <NAME> CAROLINA TELEPHONE & TELEGRAPH COMPANY <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 16 <SECURITIES> 0 <RECEIVABLES> 115798 <ALLOWANCES> 1742 <INVENTORY> 12490 <CURRENT-ASSETS> 130635 <PP&E> 1701924 <DEPRECIATION> 766173 <TOTAL-ASSETS> 1138522 <CURRENT-LIABILITIES> 174290 <BONDS> 260736 <COMMON> 72530 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 441512 <TOTAL-LIABILITY-AND-EQUITY> 1138522 <SALES> 0 <TOTAL-REVENUES> 717454 <CGS> 0 <TOTAL-COSTS> 431466 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 22245 <INCOME-PRETAX> 0 <INCOME-TAX> 73083 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 94944 <EPS-PRIMARY> 0 <EPS-DILUTED> 0