[OBJECT OMITTED]SBC Communications Inc.



                              Non-Employee Director
                             Stock and Deferral Plan















                                                                                                            Amended through February 1, 2004








Contents

Article 1. Purpose ...............................................................................................1

Article 2. Definitions............................................................................................1

Article 3. Eligibility and Administration.........................................................................2
         3.1      Eligibility.....................................................................................2
         3.2      The Committee...................................................................................2
         3.3      Administration by the Committee.................................................................2
         3.4      Decisions Binding...............................................................................2

Article 4. Payment of Annual Retainer.............................................................................2
         4.1      Form of Annual Retainer.........................................................................2
         4.2      Payment of Shares...............................................................................2
         4.3      Holding Period for Shares.......................................................................3

Article 5. Award of Stock Units for Non-Employee Directors........................................................3
         5.1      Award of Deferred Stock Units for Non-Employee Directors........................................3
         5.2      Award of Deferred Stock Units for New Non-Employee Directors....................................3
         5.3      Deferral of Retainers and Fees into Stock Units.................................................3
         5.4      Payout of Deferred Stock Units..................................................................4
         5.5      Stock Units.....................................................................................4
         5.6      Holding Period for Shares.......................................................................4

Article 6. Cash Deferral Account..................................................................................5
         6.1      Cash Deferral Account...........................................................................5
         6.2      Cash Deferral Elections.........................................................................5
         6.3      Interest on Cash Deferral Accounts..............................................................5
         6.4      Form and Timing of Payout of Cash Deferral Accounts.............................................5
         6.5      Conversion of a Participant's Cash Deferral Account to Deferred Stock Units.....................6

Article 7. Amendment, Modification, and Termination...............................................................6
         7.1      Amendment, Modification, and Termination........................................................6
         7.2      Awards Previously Granted.......................................................................6

Article 8. Miscellaneous..........................................................................................6
         8.1      Competition.....................................................................................6
         8.2      Elections.......................................................................................7
         8.3      Assignment......................................................................................7
         8.4      Severability....................................................................................7
         8.5      Death of a Director/Beneficiary Designation.....................................................7
         8.6      No Right of Nomination..........................................................................7
         8.7      Shares Available/Fractional Shares..............................................................7
         8.8      Successors......................................................................................8
         8.9      Requirements of Law.............................................................................8
         8.10     Governing Law...................................................................................8
         8.11     Adjustments.....................................................................................8








SBC Communications Inc.
Non-Employee Director Stock and Deferral Plan

Article 1. Purpose

         The purpose of the Non-Employee Director Stock and Deferral Plan (the "Plan") (formerly the Deferred Compensation Plan for
Non-Employee Directors) is to promote the achievement of long-term objectives of SBC Communications Inc.  by linking the personal
interests of Non-Employee Directors to those of the Company's stockholders and to attract and retain Non-Employee Directors of
outstanding competence.


Article 2. Definitions

         Whenever used in the Plan, the following terms shall have the meanings set forth below and, when the defined meaning is
intended, the initial letter of the word is capitalized:

         (a)      "Award" means, individually or collectively, an award under this Plan of Stock Units.
         (b)      "Board" means the Board of Directors of the Company.
         (c)      "Business Day" means any day that the Company is open for the regular transaction of business.
         (d)      "Company" means SBC Communications Inc., a Delaware corporation.
         (e)      "Director" means any individual who is a member of the Board, including Advisory Directors.
         (f)      "Employee" means any full-time, nonunion, salaried employee of the Company or of the Company's directly or
                  indirectly held subsidiaries. For purposes of the Plan, an individual whose only employment relationship with the
                  Company is as a Director shall not be deemed to be an Employee.
         (g)      "Fair Market Value" or "FMV" means the closing price on the New York Stock Exchange ("NYSE") for Shares on the
                  relevant date, all as determined by the Company.  In lieu of the foregoing, the Board may select any other index or
                  measurement to determine the FMV of Shares under the Plan.
         (h)      "Non-Employee Director" means any individual who is a member of the Board but who is not otherwise an Employee, nor
                  has otherwise been an Employee.
         (i)      "Participant" means a person who is entitled to participate in the Plan.
         (j)      "Shares" means shares of common stock of the Company, par value one dollar ($1.00) per share.
         (k)      "Stock Unit" or "Unit" means an Award acquired by a Participant as a measure of participation under the Plan, and
                  having a value equal to one (1) Share.
         (l)      "Trading Day" means any day that the Shares are traded on the NYSE.








Article 3. Eligibility and Administration

3.1      Eligibility.  Persons eligible to participate in the Plan are limited to Non-Employee Directors.

3.2      The Committee. The Plan shall be administered by the Corporate Governance and Nominating Committee of the Board (the
"Committee"), subject to the restrictions set forth in the Plan.

3.3      Administration by the Committee. The Committee shall have the full power, discretion, and authority to interpret and
administer the Plan in a manner consistent with the Plan's provisions. However, in no event shall the Committee have the power to
determine Plan eligibility, or to determine the number, the value, the vesting period, or the timing of Awards to be made under the
Plan (all such determinations being automatic pursuant to the provisions of the Plan).

3.4      Decisions Binding. All determinations and decisions made by the Committee pursuant to the Plan, and all related orders or
resolutions of the Committee shall be final, conclusive, and binding on all persons, including the Company, its stockholders,
Participants, and their estates and beneficiaries.


Article 4. Payment of Annual Retainer

4.1      Form of Annual Retainer.  In lieu of receiving the annual retainer (which term, as used in this Plan, shall include any
additional annual retainer for committee chairman) in cash, effective for payments on or after January 1, 1998, a Non-Employee
Director may elect to receive all (100%) or fifty percent (50%) of the Director's annual retainer in the form of Shares.  Such
election shall be made prior to the beginning of, and will be effective for, the calendar year in which the annual retainer will be
paid.  Each election shall become irrevocable as of the last day such election may be made.  Provided, however, newly elected
Non-Employee Directors may, at any time within thirty (30) days after their original election to the Board, make an irrevocable
election with respect to payments not yet made, effective for the then current calendar year.  Unless the Non-Employee Director
notifies the Secretary of the Company otherwise prior to the beginning of each subsequent calendar year, the election will renew
automatically for an additional calendar year.

4.2      Payment of Shares. One fourth of the annual retainer is payable in advance each calendar quarter on the first Business Day
thereof and is fully earned on the first day of that quarter.  A Director whose term will expire during the quarter and who is not
nominated by the Board for re-election will receive a pro-rated quarterly retainer.  For their first retainer payment only, newly
elected Non-Employee Directors are paid the first Business Day of the quarter next occurring on a pro-rata basis.  When the retainer
is increased after the first Business Day of a calendar quarter, the amount of the increase relating to that quarter will be paid on
the first Business Day of the following quarter.  Each fraction of a month is considered a whole month.  The number of Shares to be
paid shall equal the portion of the quarterly retainer being taken in Shares, divided by the Fair Market Value of a Share on the last
Trading Day in the calendar month in which such scheduled retainer would have been paid if not for the election to take the retainer
in Shares.  If a Director has elected to receive Shares pursuant to Section 4.1, the Shares shall be payable following the
determination of the number of Shares to be issued.  Any fractional Share shall be paid in cash as provided hereunder.

4.3      Holding Period for Shares.  Any Shares acquired by a Director under this Article 4 may not be sold for one year after
acquisition.  Thereafter, such Shares shall only be sold pursuant to an effective registration statement or pursuant to an exemption
from the Securities Act of 1933, including sales pursuant to Rule 144 thereunder.  The Company may place a legend on the certificates
for such Shares evidencing this restriction.


Article 5. Award of Stock Units for Non-Employee Directors

5.1      Award of Deferred Stock Units for Non-Employee Directors. Effective the day of each annual meeting of the Company's
stockholders, each continuing Non-Employee Director shall be Awarded that number of Stock Units that is equal to: (a) one hundred
fifty percent (150%) of the annual retainer as in effect at the time of the Award divided by (b) the Fair Market Value of a Share on
the last Trading Day in the calendar month in which such Award is made.  Each Award is intended to be in consideration for service
until the next annual meeting of stockholders, but will be fully earned on the date of the Award and credited to the Non-Employee
Director's account on the day the number of Stock Units is determined.  Provided, however, if the Director terminates service on or
before the day of the annual meeting of stockholders, the related Award to be earned on such meeting date will not be made.

5.2      Award of Deferred Stock Units for New Non-Employee Directors.  The following applies only to Non-Employee Directors who
originally became a Non-Employee Director after November 21, 1997.  Each Non-Employee Director shall receive, in addition to the
Award described in Section 5.1 above, an annual Award of Stock Units effective the day of each annual meeting of the Company's
stockholders.  The number of Stock Units in each such Award shall equal thirteen thousand dollars ($13,000), divided by the Fair
Market Value of a Share on the last Trading Day in the calendar month in which such Award is made.  Each Award is intended to be in
consideration for service until the next annual meeting of stockholders, but will be fully earned on the date of the Award and
credited to the Non-Employee Director's account on the day the number of Stock Units is determined.  Provided, however, if the
Director terminates service on or before the day of the annual meeting of stockholders, the related Award to be earned on such
meeting date will not be made.  No Director shall receive more than ten (10) Awards under this Section 5.2.

5.3      Deferral of Retainers and Fees into Stock Units.  Effective for payments on or after January 1, 1998, each Non-Employee
Director may elect to defer all (100%) or fifty percent (50%) of the cash portion of the Director's annual retainer into Stock
Units.  In addition, a Non-Employee Director may elect to defer all (100%) of the Director's Board and committee meeting fees and
review session fees into Stock Units.  The number of Stock Units acquired shall equal the fees and/or the portion of the annual
retainer being deferred into Stock Units in a calendar month, divided by the Fair Market Value of a Share on the last Trading Day in
such calendar month, and such Stock Units shall be credited to the Non-Employee Director's account on the day the number of Stock
Units is determined.

         Any deferral election under this Section 5.3 shall be made prior to the beginning of, and will be effective for, the
calendar year in which such payments would otherwise be made.  Each such election shall become irrevocable as of the last day such
election may be made.  Provided, however, newly elected Non-Employee Directors may, at any time within thirty (30) days after their
original election to the Board, make an irrevocable election with respect to payments not yet made, effective for the then current
calendar year.  Unless the Non-Employee Director notifies the Secretary of the Company otherwise prior to the beginning of each
subsequent calendar year, each election hereunder will renew automatically for an additional calendar year.

5.4      Payout of Deferred Stock Units.  All Stock Units shall be paid out in the form of one Share for each Stock Unit.  The
Participant shall elect the timing of the payout for Stock Unit Awards no later than the calendar year prior to the first scheduled
payment of such Stock Units; any prior elections by the Participant shall become irrevocable at that time.  One election will apply
to all Stock Units, whether from deferrals, annual Awards or otherwise.  Stock Units acquired under this Plan shall be paid out in a
lump sum payment or in up to fifteen (15) annual installments, as elected by the Participant.  The lump sum payment or the first
installment, as the case may be, shall be payable on the first Business Day of February of the year following the calendar year of
the termination of the Participant's service as a Director.  Each subsequent annual installment shall be payable on the first
Business Day of February.  If the Director fails to make a timely election as to the number of installments, the Stock Units shall be
paid out in four (4) annual installments.

         For Participants electing a payout of Stock Units in installments, the number of Stock Units to be paid out in each
installment shall equal the number of Stock Units available for payout, divided by the number of remaining installments (including
the installment being made).  A fractional Stock Unit shall be paid in cash.

5.5      Stock Units.  Each Stock Unit shall represent an unfunded and unsecured promise by the Company to issue a Share.
Participants holding Stock Units shall earn dividend equivalents paid in the form of additional Stock Units added to their account.
The number of Stock Units so added shall equal the dividend on a Share multiplied by the number of Stock Units held by the
Participant on the record date for such dividend, divided by the Fair Market Value of a Share on the last Trading Day in the calendar
month in which the record date for such dividend occurs.  The Stock Units shall be credited to a Participant's account on the day the
number of Stock Units is determined.

5.6      Holding Period for Shares.  Any Shares acquired by a Director under this Article 5 may not be sold for one year after
acquisition.  Thereafter, such Shares shall only be sold pursuant to an effective registration statement or pursuant to an exemption
from the Securities Act of 1933, including sales pursuant to Rule 144 thereunder.  The Company may place a legend on the certificates
for such Shares evidencing this restriction.


Article 6. Cash Deferral Account

6.1      Cash Deferral Account.  A cash deferral account (the "Cash Deferral Account") shall be established and maintained by the
Company for each Participant that makes a cash deferral election under the Plan. Each Cash Deferral Account shall be credited as of
the date the amount deferred otherwise would have become due and payable to the Participant and shall be credited to reflect the
interest return thereon. The establishment and maintenance of such Cash Deferral Accounts, however, shall not be construed as
entitling any Participant to any specific assets of the Company and shall represent an unfunded and unsecured promise of the Company
with respect to the amounts due thereunder.

6.2      Cash Deferral Elections.  Effective for payments on or after January 1, 1998, each Non-Employee Director may elect to defer
all (100%) or fifty percent (50%) of the cash portion of the Director's annual retainer into the Director's Cash Deferral Account.
In addition, a Non-Employee Director may elect to defer all (100%) of the Director's Board and committee meeting fees and review
session fees into the Director's Cash Deferral Account.

         Any deferral election under this Section 6.2 shall be made prior to the beginning of, and will be effective for, the
calendar year in which such payments would otherwise be made.  Each such election shall become irrevocable as of the last day such
election may be made.  Provided, however, newly elected Non-Employee Directors may, at any time within thirty (30) days after their
original election to the Board, make an irrevocable election with respect to payments not yet made, effective for the then current
calendar year.  Unless the Non-Employee Director notifies the Secretary of the Company otherwise prior to the beginning of each
subsequent calendar year, each election hereunder will renew automatically for an additional calendar year.

         Deferral elections under the Plan made prior to November 21, 1997, shall remain in place through the end of 1997, and all
such deferrals shall be credited to the Cash Deferral Account and continue to earn interest in accordance with Section 6.3.  Any new
Non-Employee Director joining the Board after November 21, 1997, and before January 1, 1998, may make an election with respect to
1997 annual retainers and fees in accordance with the Plan as it read immediately prior to the modifications of November 21, 1997.

6.3      Interest on Cash Deferral Accounts.  The annual rate of interest on amounts in the Cash Deferral Accounts for 1997 and
subsequent calendar years shall be the Moody's Corporate Bond Yield Average-Monthly Average Corporates as published by Moody's
Investor Service, Inc. (or any successor thereto) for the month of September before the calendar year in question (if such yield is
no longer published, a substantially similar average selected by the Committee) or such other rate as the Committee shall determine
prior to the year for which the interest rate would be applicable.  Interest shall be credited quarterly, in arrears.

6.4      Form and Timing of Payout of Cash Deferral Accounts.  Cash Deferral Accounts shall be paid out in cash.  The Participant
shall elect the timing of the payout for Participant's Cash Deferral Account no later than the calendar year prior to the first
scheduled payment thereof; any prior elections by the Participant shall become irrevocable at that time.  One election shall apply to
a Participant's entire Cash Deferral Account.  A Participant's Cash Deferral Account shall be paid out in a lump sum payment or in up
to fifteen (15) annual installments, as elected by the Participant.  The lump sum payment or the first installment, as the case may
be, shall be payable on the first Business Day of February of the year following the calendar year of the termination of the
Participant's service as a Director.  Each subsequent annual installment shall be payable on the first Business Day of February.  If
the Director fails to make a timely election as to the number of installments, the Participant's Cash Deferral Account shall be paid
out in four (4) annual installments.  Each installment shall equal the amount available for payout, divided by the number of
remaining installments (including the installment being made).

6.5      Conversion of a Participant's Cash Deferral Account to Deferred Stock Units.  Each year, on or before the close of trading
in Shares on the NYSE on the tenth day (if the tenth day is not a Trading Day, then the next preceding Trading Day) following the
Company's public release of its annual summary statement of earnings (typically in January of each year) (such Trading Day to be the
"Conversion Date"), a Non-Employee Director may elect to convert all or part of the balance of his or her Cash Deferral Account into
Stock Units.  Each such election shall become irrevocable as of the last time such election may be made.  A Non-Employee Director who
elects to convert his or her Cash Deferral Account shall receive the number of Stock Units found by dividing the Non-Employee
Director's balance in the Cash Deferral Account, together with all accrued but not yet credited interest, or such lesser amount of
the Cash Deferral Account elected by the Non-Employee Director, by the Fair Market Value of a Share on the Conversion Date. Upon such
conversion, the Participant's Cash Deferral Account shall be reduced by the amount so converted.


Article 7. Amendment, Modification, and Termination

7.1      Amendment, Modification, and Termination.  Subject to the terms set forth in this Article 7, the Board may terminate, amend,
or modify the Plan at any time and from time to time.

7.2      Awards Previously Granted.  Unless required by law, no termination, amendment, or modification of the Plan shall in any
material manner adversely affect any Award previously provided under the Plan, without the written consent of the Participant holding
the Award.


Article 8. Miscellaneous

8.1      Competition.  Notwithstanding any election hereunder, in the event a Director ceases to be a Director of the Company and
becomes a proprietor, officer, partner, employee, director or otherwise becomes affiliated with any business that is in competition
with the Company or any of its subsidiaries, or becomes employed by any governmental agency having jurisdiction over the activities
of the Company or any of its subsidiaries, all as determined by the Committee in its sole discretion, the entire balance hereunder
may be immediately paid out at the election of the Company, in which case no further amounts may be earned under this Plan.

8.2      Elections.  All elections and notices of any kind hereunder shall be in writing and provided to the Secretary of the Company
in a form prescribed by the Secretary.

8.3      Assignment.  Except as otherwise expressly provided herein, no rights under this Plan may be assigned by a Participant.

8.4      Severability.  In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or
invalid provision had not been included.

8.5      Death of a Director/Beneficiary Designation.  Each Participant under the Plan may, from time to time, name any beneficiary
or beneficiaries (who may be named primarily or contingently) to whom any benefit under the Plan is to be paid in the event of his or
her death.  Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the
Secretary of the Company, and will be effective only when provided by the Participant in writing to the Secretary during such
Participant's lifetime.  In the absence of any such designation, benefits remaining unpaid at the Participant's death shall be paid
to the Participant's estate.

         In the event of the death of a Participant before full payment of all amounts due hereunder, the balance shall be paid in a
lump sum as soon as administratively possible in accordance with the foregoing.  Notwithstanding this, if the Participant so elects
as part of the Participant's deferral elections, the Stock Units and/or the Cash Deferral Account will be paid out in the number of
annual installments elected by the Participant, beginning on the first Business Day of February following the calendar year of the
Participant's death and occurring annually thereafter; provided, however, if distributions to the Participant have already commenced
at the time of the Participant's death, then under this election, distributions will continue as scheduled.

8.6      No Right of Nomination.  Nothing in the Plan shall be deemed to create any obligation on the part of the Board to nominate
any Director for reelection by the Company's stockholders.

8.7      Shares Available/Fractional Shares.  The Shares delivered under the Plan may be either authorized but unissued Shares, or
Shares that have been or may be reacquired by the Company, as determined from time to time by the Board.

         In no case shall a fractional Share be issued under this Plan.  Any fractional Share payable hereunder, upon the conversion
of a Stock Unit or otherwise, shall be payable in cash in an amount equal to such fraction of a Share times the Fair Market Value of
a Share on the date the fractional Share would otherwise be payable.

         No more than one million (1,000,000) Shares may be issued under the Plan.  In the event an acquisition of Stock Units or
Shares would cause the total of the number of Shares acquired under the Plan and the number of outstanding Stock Units to exceed the
maximum number of Shares that may be issued under the Plan, then: (1) no further Stock Units or Shares may be acquired under the
Plan, except that outstanding Stock Units may be converted to Shares in accordance with the Plan; and (2) all further dividend
equivalents on Stock Units held by a Participant shall be paid in the form of additional accruals to the Participant's Cash Deferral
Account in an amount equal to the number of Stock Units in the account on the dividend record date for a Share multiplied by the
dividend.

8.8      Successors.  All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger,
consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

8.9      Requirements of Law.  The granting of Awards under the Plan shall be subject to all applicable laws, rules, and regulations,
and to such approvals by any governmental agencies or national securities exchanges as may be required.

8.10     Governing Law.  The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the internal,
substantive laws of the State of Texas.

8.11     Adjustments.  In the event of a merger, reorganization, consolidation, recapitalization, separation, liquidation, stock
dividend, stock split, share combination, or other change in the corporate structure of the Company affecting the Shares, such
adjustment shall be made in the number of shares available under the Plan and in the number and characteristics of outstanding Stock
Units and/or the number and class of securities into which the Stock Units may be converted, in each case as may be determined to be
appropriate and equitable by the Board, in its sole discretion, to prevent dilution or enlargement of rights.