Filed Under Rule 424 (b)(3)
                              Registration Statement No. 33-54359

        SUPPLEMENT NO. 47 TO PROSPECTUS DATED JULY 7, 1994
                 (AS SUPPLEMENTED JULY 14, 1994)

AT&T CAPITAL CORPORATION

Medium Term Notes, Series 2

Due Nine Months or More From Date of Issue.

Issue Price: See Below
  (as a percent of principal amount)

     Interest rates offered by the Company with respect to the Notes may
     differ depending upon, among other things, the aggregate principal
     amount of Notes purchased in any single transaction.  Merrill Lynch &
     Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated has purchased
     the Notes as principal at a discount equal to 98.50% of the principal
     amount offered hereby, for resale to investors and other purchasers at
     varying prices related to prevailing market prices at the time of
     resale.

Minimum Denominations:        $1,000

Interest Payment Dates:       February 15 and August 15 of each year, and on
                              the Maturity Date.

Settlement Date:              18-May-95

Maturity Date:                18-May-05

Principal Amount              $5,000,000.00


                  Fixed and Floating Rate Notes

                                                  Interest Rate
Range of Maturities                                 Per Annum 
- -------------------                               -------------

From 7 years to less than 10 years ................... 7.33%

Date of Sale: May 4, 1995

Redemption:

     Check applicable sentence.
      X  The Notes cannot be redeemed prior to maturity
     ---
         The Notes may be redeemed prior to maturity
     ---
     Redemption Date:              Redemption Price:  
                     -----------                    ------------
                              (as a percent of principal amount)
Repayment:

     Check applicable sentence.  
      X  The Notes cannot be repaid prior to maturity.  
     ---
         The Notes may be repaid prior to maturity.
     ---
     Repayment Date:               Repayment Price:
                     ------------                   ------------
                              (as a percent of principal amount)