1                                      Exhibit 99
                                             AT&T Capital Corporation


CONSORTIUM TO PURCHASE AT&T CAPITAL

For Immediate Release:   June 6, 1996
_____________________________________

     Morristown, N.J. -- AT&T Capital Corporation (NYSE - TCC) today
announced that the company has entered into a definitive merger agreement with
a leasing consortium.  Certain members of AT&T Capital's senior management,
led by Chairman and CEO Tom Wajnert, plan to participate in the consortium
that will own AT&T Capital upon completion of the merger.

     When the merger is consummated, AT&T Capital's stockholders will receive
$45 in cash for each outstanding share of the company's common stock.  The
total purchase price for the outstanding shares and stock options will be
approximately   $2.2 billion.  It is expected that the merger, which is
subject to customary closing conditions, including regulatory approvals, will
be consummated in September.

     AT&T, the company's 86-percent stockholder, is a party to and has
executed the merger agreement, along with a written consent to the merger,
thereby assuring stockholder approval of the transaction.

     In addition to management, the consortium will include GRS Holding
Company Ltd., owner of a U.K. rail leasing company.  Babcock & Brown, a San
Francisco-based leasing, asset and project financing advisory firm, also plans
to participate.  The company will continue to be led by AT&T Capital's current
management team, with no significant changes in business strategies or
operations planned.

     Financing for the consortium is being arranged by the London-based
Nomura International plc, a wholly owned subsidiary of The Nomura Securities
Co., Ltd., one of the world's leading investment banks.  The transaction is
not conditioned on financing.

     "I am extremely pleased with this transaction and what it means for AT&T
Capital and its various constituencies," said Tom Wajnert.  "This is an
outstanding opportunity and I am thrilled from a number of perspectives --
stockholders will receive exceptional value for their ownership interest and
customers will continue to receive outstanding service from one of the world's
foremost global leasing and finance companies.  At the same time, members
(employees) will continue to operate the company and AT&T Capital's core
leadership team will remain in place and continue to pursue the company's long
term strategic objectives.

     "AT&T Capital's more than 2,800 members have created a worldwide leasing
business of enormous strategic significance," Wajnert said.  "We believe our
capabilities for serving some 500,000 customers -- from sole proprietorships
to multinational manufacturing clients around the globe -- are unparalleled in
our industry."

     Goldman, Sachs & Co. has advised AT&T Capital's board of directors in
connection with this transaction and has provided a fairness opinion.  The
transaction has been approved by AT&T Capital's board of directors and a
special committee of the board composed of independent directors.

2                                 Exhibit 99
                                        AT&T Capital Corporation

     AT&T Capital was founded in 1985 principally to finance sales of AT&T
equipment and has since become one of the largest providers of vendor
financing programs to manufacturers, including AT&T, Lucent Technologies and
NCR.  The company's financial programs and products help multinational,
domestic and foreign companies increase sales, gain market share and build
customer loyalty.  AT&T Capital now operates in 20 countries in North and
South America, Europe and the Asia/Pacific region -- significant markets for
many of its global vendor clients.

     A fully diversified leasing and finance company, AT&T Capital also
offers financing and leasing directly to customers, including SBA (Small
Business Administration) guaranteed lending and other commercial financing and
leasing, as well as such specialized equipment financing and services as
vehicle leasing and fleet management.

     Wajnert noted that AT&T Capital will continue to serve as preferred
vendor financing provider not only for the newly structured AT&T, but also for
Lucent Technologies and NCR, under operating agreements that continue into the
year 2000.

     AT&T Capital Corporation's headquarters will remain in Morristown,       
New Jersey.