<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SBC COMMUNICATIONS INC.'S MARCH 31, 1998 CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENITRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 836 <SECURITIES> 176 <RECEIVABLES> 8,847 <ALLOWANCES> 792 <INVENTORY> 0<F1> <CURRENT-ASSETS> 11,362 <PP&E> 105,991 <DEPRECIATION> 62,974 <TOTAL-ASSETS> 72,534 <CURRENT-LIABILITIES> 17,845 <BONDS> 19,924 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,434 <OTHER-SE> 15,288 <TOTAL-LIABILITY-AND-EQUITY> 72,534 <SALES> 0<F2> <TOTAL-REVENUES> 11,038 <CGS> 0<F3> <TOTAL-COSTS> 2,434 <OTHER-EXPENSES> 1,851 <LOSS-PROVISION> 216 <INTEREST-EXPENSE> 431 <INCOME-PRETAX> 2,323 <INCOME-TAX> 855 <INCOME-CONTINUING> 1,468 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 15 <NET-INCOME> 1,483 <EPS-BASIC> 0.44 <EPS-DILUTED> 0.43 <FN> <F1> THIS AMOUNT IS IMMATERIAL <F2> NET SALES OF TANGIBLE PRODUCTS IS NOT MORE THAN 10% OF TOTAL OPERATING REVENUES AND THEREFORE HAS NOT BEEN STATED SEPARATELY IN THE FINANCIAL STATEMENTS PURSUANT TO REGUALTION S-X, RULE 5-03(B). THIS AMOUNT IS INCLUDED IN THE "TOTAL REVENUES" TAG. <F3> COST OF TANGIBLE GOODS SOLD IS INCLUDED IN OPERATIONS AND SUPPORT IN THE FINANCIAL STATEMENTS AND THE "TOTAL COST" TAG, PURSUANT TO REGULATION S-X, RULE 5-03(B). </FN>