Registration Nos. 33-50049, 33-50049-01, 33-19226 and 33-19226-01 Filing under Rule 424(b)(3) PRICING SUPPLEMENT NO. 31 DATED FEBRUARY 1, 1996 (To Prospectus dated October 3, 1995, as supplemented by Prospectus Supplements dated October 13, 1995 and November 1, 1995) U S WEST CAPITAL FUNDING, INC. MEDIUM-TERM NOTES DUE NINE MONTHS OR MORE FROM DATE OF ISSUE UNCONDITIONALLY GUARANTEED AS TO PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST BY U S WEST, INC. ____________________ Aggregate Principal Amount: $ 5,000,000 Settlement Date: February 6, 1996 Maturity: February 6, 2003 Coupon: 6.02% PURCHASE AS PRINCIPAL This Pricing Supplement relates to $5,000,000 aggregate principal amount of Notes that are being purchased, as principal, by Lehman Brothers, Inc. ("Lehman Brothers") for resale to investors at varying prices relating to prevailing market prices at the time of resale as determined by Lehman Brothers. The net proceeds payable by Lehman Brothers to U S WEST Capital Funding, Inc. ("Capital Funding") will be 99.40% of the aggregate principal amount of the Notes, or $4,970,000, before deduction of expenses payable by Capital Funding. In connection with the sale of the Notes, Lehman Brothers may be deemed to have received compensation in the form of underwriting discounts in the amount of 0.60% of the aggregate principal amount of the Notes, or $30,000.