8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                    Form 8-K


                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


                        Date of Report: January 11, 2000



                                   AT&T CORP.


A New York                      Commission File                  I.R.S. Employer
Corporation                        No. 1-1105                     No. 13-4924710




            32 Avenue of the Americas, New York, New York 10013-2412


                         Telephone Number (212) 387-5400



Form 8-K
AT&T Corp.
January 11, 2000


Item 5.  Other Events.

         See Exhibit 99 to this Form 8-K.

Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits.

                  Exhibit 99 AT&T Corp. Press Release issued January 11, 2000.



Form 8-K
AT&T Corp.
January 11, 2000



                                   SIGNATURES



         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                   AT&T CORP.


                                   /s/  Marilyn J. Wasser
                                   -----------------------------------
                                   By:  Marilyn J. Wasser
                                        Vice President and Secretary



January 11, 2000

EX-99

                                                                      Exhibit 99


                                                               [GRAPHIC OMITTED]

- --------------------------------------------------------------------------------
News Release
- --------------------------------------------------------------------------------


                  AT&T REAFFIRMS 1999/2000 FINANCIAL GUIDANCE,
                    REPORTS FAST START IN LOCAL PHONE SERVICE

FOR RELEASE TUESDAY, JAN. 11, 2000

         NEW YORK - AT&T Chairman C. Michael Armstrong  reaffirmed the company's
confidence  in  meeting  its 1999  and 2000  financial  targets,  speaking  at a
conference of financial analysts today.

         Armstrong also said that AT&T is off to a fast start in the residential
local phone service  market.  Since its  introduction  late last year, more than
100,000 New Yorkers  have signed up for AT&T Local One Rate New York - 40,000 in
December  alone. In New York, AT&T is providing  residential  telephony  service
over facilities leased from the local Bell company.

         AT&T is also  ahead of target in  upgrading  its cable  facilities  for
two-way  communications.  It now offers local phone  service over its  broadband
cable  facilities in 16 cities,  and is adding customers at three times the rate
as in November, Armstrong said.

         "Our  marketplace  experience as well as yesterday's  announcement of a
merger  between AOL and Time Warner  reconfirmed  the soundness of our broadband
strategy and our broadband investment," Armstrong said.

         "Our  strategy  for  growth  is on track as we  transform  AT&T  from a
domestic long distance company to an any-distance,  any-service global company,"
he said.  "No one should  doubt our  resolve to deliver  customers  a choice for
local telephone service and more.

         "Local  residential  sales  continue  at  a  brisk  pace  as  customers
continue  to embrace the  bundled  offer,"  Armstrong  said.  "Our only  serious
disappointment,  and most significant risk in the New York market,  remains Bell
Atlantic's poor provisioning performance.

         "In our view,  Bell  Atlantic  continues  to fall short of what the law
requires and customers deserve. It still isn't as easy or economical for AT&T or
other local  competitors to switch local customers as it is for Bell Atlantic to
switch  long  distance  customers.  Today,  it takes us 7 to 10 days to  provide
service  to a  customer  when it  should  take 2 to 3 days.  That's  why it's so
important for the Federal Communications  Commission to make good on its promise
to remain vigilant, and for Bell Atlantic to continue to improve its systems and
provisioning.

         "Consumers  are making it  abundantly  clear that they want a choice of
local phone  service  providers,"  Armstrong  said.  "The entire AT&T company is
focused and  committed  to  providing  that choice  whether by  broadband  cable
television  technology,  fixed  wireless,  the  use of the  incumbent  carrier's
facilities, or other alternatives."

         Armstrong  said that AT&T is also at or ahead of target  with  services
such as AT&T One Rate(sm) Seven Cents long distance service,  and business local
and frame relay  service.  AT&T has nearly 5 million  customers  on the AT&T One
Rate Seven Cents plan, he said,  35 to 40 percent of whom are new to AT&T.  When
reporting  fourth quarter  financial  results on January 25, Armstrong said AT&T
expects to announce  that total pro forma revenue grew between 5 to 7 percent in
1999.  Earnings  per share (EPS) for 1999 are  expected  to be between  $2.15 to
$2.20. Earnings before interest,  taxes,  depreciation and amortization (EBITDA)
for 1999 is expected to be at the high end of the previously  announced range of
$18 to $20 billion.

         For 2000, Armstrong reaffirmed that total pro forma revenue growth will
range  between 8 to 9 percent,  a 30 to 60  percent  increase  from the  revenue
growth rate expected for 1999, excluding the impact of Concert, the global joint
venture  with BT.  Earnings per share for 2000 are  projected  to range  between
$2.10 to $2.15 (which also excludes the impact of Concert). Cash EPS (which adds
back the impact of purchased  intangibles)  in 2000 is expected to range between
$2.50 to $2.60.  Operational EBITDA is projected to range between $24 billion to
$26 billion in 2000.

         "We've  met or  exceeded  our  revenue  growth  commitments  for  seven
consecutive  quarters," Armstrong said. "We intend to build on that track record
as we  execute  our  any-distance  strategy."  Armstrong  also  outlined  growth
prospects  for 2000 for the  "core"  AT&T,  in light of the  company's  plans to
create a wireless tracking stock.  Even without  wireless,  he said, the rest of
AT&T will grow revenue 5 to 6 percent,  and EBITDA is expected to range  between
$22 billion to $24 billion.

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