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: October 26, 2004


                                   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)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ]  Soliciting  material  pursuant to Rule 14a-12  under  Exchange  Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))


SECTION 2.  FINANCIAL INFORMATION

Item 2.02.  Results of Operations and Financial Condition

On October 26, 2004, AT&T Corp. issued a press release announcing its settlement
of a class action  lawsuit.  A copy of the press  release is being  furnished as
Exhibit  99.1  to  this  Form  8-K.  AT&T  Corp.'s  consolidated  statements  of
operations  and  consolidated  balance  sheets  reflecting  the  impact  of  the
settlement on third quarter  results are being furnished as Exhibit 99.2 to this
Form 8-K.

SECTION 9.  FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01.  Financial Statements and Exhibits

(c)  Exhibits.

The following exhibits are being furnished herewith:

     99.1 Press  Release of AT&T Corp.  dated October 26, 2004  announcing  AT&T
          Corp.'s settlement of a class action lawsuit.

     99.2 Revised consolidated statements of operations and consolidated balance
          sheets.



                                   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 hereunto duly authorized.

                                  AT&T CORP.




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


October 29, 2004



                                  EXHIBIT INDEX

Exhibit No.     Description

99.1            Press release of AT&T Corp. dated October 26, 2004 announcing
                AT&T Corp.'s settlement of a class action lawsuit.

99.2            Revised consolidated statements of operations and consolidated
                balance sheets.