Prospectus Supplement dated as of January 22, 2002               Rule 424(b)(3)
To Prospectus dated November 16, 2001                        File No. 333-67412


                                 $5,442,079,000

                          Verizon Global Funding Corp.
                     Zero Coupon Convertible Notes due 2021
            Supported as to Payment of Principal and Interest by and
                      Convertible into the Common Stock of
                           Verizon Communications Inc.

     This Prospectus Supplement dated as of January 22, 2002 supplements and
amends the Prospectus dated November 16, 2001 as follows and should be read in
connection with the Prospectus:

     The section entitled, "Selling Securityholders," beginning on page 30 of
the prospectus is supplemented and amended to include the following additional
selling securityholders who have provided us with notice and the requisite
information as of January 21, 2002. To the extent that a selling securityholder
listed below is already named in the Prospectus or any previous Prospectus
Supplement, the information set forth below replaces that information.





                                 Aggregate Principal                      Shares of Verizon        Percentage of Verizon
                                Amount at Maturity     Percentage         Communications             Communications
                                of Notes that May Be   of Notes           Common  Stock that May     Common Stock
                                      Sold($)          Outstanding          Be Sold (1)              Outstanding (2)
                                                                                     
Attorney's Title Insurance
   Fund Inc.                              300,000              *                  2,379                      *
Credit Suisse First Boston
   Corp.                                2,880,000              *                 22,843                      *
Daimler Chrysler Corp.
   Emp#1 Pension Plan
   Dtd 4/1/89                          22,400,000              *                177,672                      *
Deutsche Banc Alex
   Brown Inc.                         512,240,000             9.4             4,062,985                      *
Franklin and Marshall
   College                              1,290,000              *                 10,232                      *
GE Pension Trust                       10,313,000              *                 81,800                      *
Goldman Sachs and
   Company                            181,079,000             3.3             1,436,282                      *
Innovest
   Finanzdienstleistungs                1,756,000              *                 13,928                      *
Lemanik Sicav
  Convertible Bond                        600,000              *                  4,759                      *
Merrill Lynch
   International Limited               30,000,000                               237,954                      *
Merrill Lynch, Pierce,
   Fenner & Smith Inc.                  6,410,000              *                 50,842                      *
Nicholas Applegate
   Investment Grade

   Convertible                             44,000              *                    348                      *
Penn Treaty Network
   America Insurance
   Company                              1,697,000              *                 13,460                      *
PIMCO Convertible Fund                  1,200,000              *                  9,518                      *
Salomon Brothers Asset
   Management Inc.(3)                  13,775,000              *                109,260                      *
- ---------------


*    Less than one percent (1%).
(1)  Assumes conversion of all of the notes at a conversion rate of 7.9318
     shares of the common stock of Verizon Communications per $1,000
     principal amount at maturity of the notes. This conversion rate is
     subject to adjustment, however, as described under "Description of
     Notes and Support Obligations - Conversion Rights" in the Prospectus.
     As a result, the number of shares of the common stock of Verizon
     Communications issuable upon conversion of the notes may increase or
     decrease in the future.
(2)  Calculated based on Rule 13d-3(d)(i) of the Securities Exchange Act of
     1934, using 2,751,650,484 shares of common stock of Verizon Communications
     outstanding as of September 30, 2001. In calculating this amount for each
     selling securityholder, we treated as outstanding the number of shares of
     the common stock of Verizon Communications issuable upon conversion of all
     of the selling securityholder's notes, but we did not assume conversion of
     any other selling securityholder's notes.
(3)  As discretionary investment adviser with respect to the following accounts:
     General Motors ($7,500,000), Kemper Foundation ($225,000), Lumbermens
     ($1,750,000), Regence Idaho($300,000), Regence Oregon ($497,000), Regence
     Utah ($169,000), Regence Washington ($834,000) and SB Convertible Fund
     ($2,500,000).