BEDMINSTER, N.J. -- AT&T (NYSE: T) today offered to repurchase for cash any and all of its outstanding 6.500% Notes due November 15, 2006, which now carry an interest rate of 7.250%, and has also offered to repurchase for cash up to €500,000,000, unless otherwise increased by AT&T, of its outstanding €2 billion 6.000% Notes due November 21, 2006, which now carry an interest rate of 6.750%.

AT&T Corp.