Prospectus Supplement dated as of December 7, 2001               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 December 7, 2001 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 December 6, 2001. 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)
                                                                                          
Allstate  Insurance
   Company                             12,300,000              *                  97,561                      *
Alta Partners Holdings,
   LDC                                 25,000,000              *                 198,295                      *
Credit Lyonnais Securities
   (USA) Inc.                           5,000,000              *                  39,659                      *
Credit Suisse First Boston            100,800,000             1.9                799,525                      *
CSFB CQS Master Fund
   LTD                                  5,000,000              *                  39,659                      *
Goldman Sachs and
   Company                            170,420,000             3.1              1,351,737                      *
Granville Capital
   Corporation                         30,500,000              *                 241,919                      *
Highbridge International
   LLC                                370,500,000             6.8              2,938,731                      *
NMS Services (Cayman)
   Inc                                 50,000,000              *                 396,590                      *
---------------


*    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.