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: June 11, 2003



                                   AT&T CORP.
               (Exact Name of Registrant as Specified in Charter)

                                    New York

                 (State or Other Jurisdiction of Incorporation)

        1-1105                                             13-4924710
(Commission File Number)                       (IRS Employer Identification No.)


         One AT&T Way
    Bedminster, New Jersey                                  07921
(Address of Principal Executive                           (Zip Code)
          Offices)


       Registrant's telephone number, including area code: (908) 221-2000


                                 Not Applicable

          (Former Name or Former Address, If Changed Since Last Report)

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



Form 8-K                                                              AT&T Corp.
June 11, 2003

ITEM 9. REGULATION FD DISCLOSURE.

What are we disclosing?

On June 11, 2003,  David W. Dorman,  our Chairman and Chief  Executive  Officer,
disclosed  at the AT&T Annual  Meeting  that our Net debt to EBITDA  ratio as of
March 31,  2003 was 1.2  times.  By Net debt to EBITDA we mean net debt at March
31, 2003 ($12.0 billion) divided by EBITDA (earnings before taxes, depreciation,
amortization  and the AT&T  Latin  American  impairment  charge)  for the twelve
months ended March 31, 2003 ($9.8 billion).

Reconciliation of net debt to debt at March 31, 2003:

(dollars in millions)
Net debt                                                             $11,982
Cash                                                                   4,900
Restricted cash                                                          464
Foreign debt fluctuations                                                786
                                                                       -----
Total debt                                                           $18,132


Reconciliation of EBITDA to net income for the twelve months ended March 31,
2003:

(dollars in millions)
EBITDA                                                                $9,821
Depreciation and amortization                                        (4,899)
AT&T Latin America impairment charge                                 (1,029)
                                                                     -------
Subtotal operating income                                              3,893
Other (expense), net                                                    (12)
Interest (expense)                                                   (1,384)
(Provision) for taxes                                                (1,405)
Minority interest income                                                  95
Net (losses) related to equity investments                             (141)
                                                                       -----
Net income from continuing operations                                  1,046
Net (loss) from discontinued operations                             (13,948)
Gain on disposition of discontinued operations                         1,324
Cumulative effect of accounting  change                                   42
                                                                       -----
Net (loss)                                                         $(11,536)



Our senior  management  believes that these  financial  measures are relevant in
assessing our liquidity and financial performance.

This information  furnished under "Item 9. Regulation FD Disclosure" is intended
to be furnished  under "Item 12. Results of Operations and Financial  Condition"
in accordance with SEC Release No. 33-8216.

The  information  in this Form 8-K shall not be deemed  "filed" for  purposes of
Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by
reference in any filing  under the  Securities  Act of 1933,  except as shall be
expressly set forth by specific reference in such filing


                               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/  Robert S. Feit
                             ----------------------------------
                             By:  Robert S. Feit
                                  Vice President - Law and Secretary


June 16, 2003