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                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:  January 3, 1995




                      AT&T CAPITAL CORPORATION



A Delaware                 Commission File             I.R.S. Employer
Corporation                  No. 1-11237               No. 22-3211453  
 





           44 Whippany Road, Morristown, New Jersey 07962-1983

                      Telephone Number (201) 397-3000





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Form 8-K                                      AT&T Capital Corporation
January 3, 1995                


Item 5.  Other Events

     AT&T Capital Corporation ( AT&T Capital  or the  Company ) (NYSE-
TCC) has announced that on December 31, 1994, it signed a definitive
agreement to acquire Banco Central Hispano s vendor leasing and
finance companies ( CFH Leasing International )located in the United
Kingdom, Germany, France, Italy and Benelux (Belgium, the Netherlands 
and Luxembourg).  Specific terms of the agreement were not disclosed.
     CFH Leasing International provides financial services to
equipment manufacturers and vendors.  With offices throughout western 
Europe, it serves 4,600 business customers and has more than $500
million in lease and finance receivables.  
      We are very enthusiastic about this acquisition , said Tom
Wajnert, chairman and chief executive officer of AT&T Capital.   The
addition of this profitable business to our organization allows us to 
expand our global vendor-finance network in western Europe, further
our international strategic initiatives, and strengthen the value of
the vendor leasing and financial services we offer AT&T and other
multinational vendors. 
     AT&T Capital has provided leasing and financial services to
equipment vendors and others in the United Kingdom since 1991.  The
Company expects to integrate CFH Leasing International with its UK
operation to create its pan-European network. 
       Banco Central Hispano has headquarters in Madrid and is one of 
the leading banks of Spain.  It provides retail, corporate and
merchant banking and insurance services in both Spain and
international markets.  The bank has 2,700 branches in Spain and 31
operating branches outside the country.
    
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Form 8-K                                      AT&T Capital Corporation
January 3, 1995




                                  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 CAPITAL CORPORATION







                                        By ___________________________
                                           Edward Dwyer
                                           Chief Financial Officer
                                                  


January 3, 1995