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: November 15, 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.
November 15, 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 November 15, 2000.


Form 8-K
AT&T Corp.
November 15, 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

November 15, 2000

EX-99

                                                   [GRAPHIC OMITTED]
News Release

- --------------------------------------------------------------------------------

                  AT&T ANNOUNCES PLAN TO SPIN OFF LIBERTY MEDIA
                   Liberty Media to Become Independent Company

FOR RELEASE WEDNESDAY, NOVEMBER 15, 2000

         NEW YORK - AT&T today  announced  that its Board of Directors had voted
to spin off Liberty Media Group,  which it acquired  through its  acquisition of
TeleCommunications,  Inc.  (TCI).  The company said the spin off is subject to a
favorable tax ruling.  AT&T expects to convert the Liberty Media  tracking stock
into an asset-based  security and launch Liberty Media Group as an  independent,
publicly  traded  company in the second  quarter  of 2001.  The new asset  based
security will be issued to holders of Liberty Media  tracking  stock in exchange
for their shares of Liberty Media tracking stock.

         AT&T said the spin off is  consistent  with the  rationale  behind  the
company's recent decision to restructure into four companies. The spin off would
better  enable  Liberty  Media to raise  capital  on its own,  use its  stock as
currency in acquiring,  merging or partnering  with other companies and help the
public  markets to better value Liberty Media.  This action would  alleviate the
competitive  and  conflict of interest  concerns  that arise from the  differing
business  directions of AT&T and Liberty Media. It would also reduce  regulatory
concerns  arising from the FCC's  interpretation  of its new cable ownership and
attribution rules.

         This step also gives AT&T the option of deciding to use the spin off of
Liberty Media to comply in large part with one of the three conditions set forth
by the Federal  Communications  Commission  in its June order  approving  AT&T's
merger with MediaOne.

         AT&T intends to seek rulings from the Internal Revenue Service that the
Liberty Media spin off is tax-free to AT&T, Liberty Media and their shareowners.
AT&T does not anticipate the need for other regulatory, Department of Justice or
court  approval,  but  said  that  certain  existing  agreements  would  require
modification.  While the company said it is  confident  that it will receive all
necessary  approvals,  there can be no guarantee  that the spin-off plan will be
implemented or that changes in the plan will not be made.

         Financial  details on the  transaction  will be released as they become
available in accordance with securities regulations.

         In March of 1999,  TCI combined  Liberty Media Group,  its  programming
arm, and TCI Ventures  Group,  its technology  investment  unit, to form the new
Liberty Media Group.  In connection with the closing of the AT&T and TCI merger,
the  shareowners  of the new Liberty Media Group were issued  separate  tracking
stock by AT&T in  exchange  for the shares  held in Liberty  Media Group and TCI
Ventures  Group.  Although  Liberty Media is a  100-percent-owned-subsidiary  of
AT&T,  it has been  accounted  for as an equity  investment.  Under the tracking
stock arrangement, all of Liberty Media's earnings and losses have been excluded
from the earnings available to the AT&T Group common shareowner.



         The  foregoing  are  "forward-looking  statements"  which  are based on
management's  beliefs as well as on a number of  assumptions  concerning  future
events made by and information  currently  available to management.  Readers are
cautioned not to put undue reliance on such  forward-looking  statements,  which
are not a guarantee of performance and are subject to a number of  uncertainties
and other factors,  many of which are outside AT&T's  control,  that could cause
actual results to differ  materially from such  statements.  For a more detailed
description of the factors that could cause such a difference, please see AT&T's
filings with the  Securities  and Exchange  Commission.  Investors  and security
holders may obtain a free copy of AT&T's  filings when they become  available at
the  Securities  and Exchange  Commission's  website at  http://www.sec.gov.  In
addition, these materials and other documents may be obtained for free from AT&T
by  directing  a request to AT&T at 295 North Maple  Drive,  Basking  Ridge,  NJ
07920; Attn: Investor  Relations.  AT&T disclaims any intention or obligation to
update or revise  any  forward-looking  statements,  whether  as a result of new
information, future events or otherwise.

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