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AT&T SELLS $400 MILLION OF THREE YEAR NOTES FOR RELEASE WEDNESDAY, MARCH 31, 1993

 NEW YORK, March 31 /PRNewswire/ -- AT&T (NYSE: T) today announced the sale of $400 million of three year notes, due Feb. 15, 1996, with a coupon rate of 4-1/2 percent.
 The underwriters plan to offer the issue to the public at 99.44 percent to yield 4.71 percent to maturity. Cost to the company will be 4.84 percent.
 The sale was negotiated by an underwriting group led by Morgan Stanley & Co., Incorporated, with The First Boston Corporation; Goldman, Sachs & Co.; Lehman Brothers; Merrill Lynch & Co.; PaineWebber Incorporated and Salomon Brothers Inc as co-managers.
 AT&T said it will apply proceeds of the sale toward the previously announced $1.75 billion of long-term debt scheduled for redemption April 22 and April 23, 1993.
 The offer will be listed on the New York Stock Exchange, the company said.
 -0- 3/31/93
 /CONTACT: Ellen Zundl, 908-221-4011, or home, 201-543-2236, or Dick Gray, 908-221-5057, or home, 908-232-3706, both of AT&T/
 (T)


CO: AT&T ST: New York IN: TLS SU: OFR

SM -- NY075 -- 1700 03/31/93 17:03 EST
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Publication:PR Newswire
Date:Mar 31, 1993
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