8-K

                      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:  May 12, 1997




                        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




  2                                                        Form 8-K May 12, 1997

Item 5.  OTHER EVENTS

        On May 12, 1997, AT&T Capital Corporation ("AT&T Capital") announced
the election of Ramon Oliu, Jr. as Senior Vice President  and Chief Financial
Officer, effective May 22, 1997.

        Mr. Oliu, who is currently AT&T Capital's Controller, will succeed
Edward M. Dwyer, who has resigned to become the treasurer of AT&T Corp.






  3                                                        Form 8-K May 12, 1997


Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

         (c) Exhibits

          99   AT&T Capital Corporation Press Release issued May 12, 1997.




  4                                                        Form 8-K May 12, 1997


                                   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







                                           EDWARD M. DWYER
                                           ----------------------------------
                                       By: Edward M. Dwyer
                                           Senior Vice President and
                                           Chief Financial Officer



May 20, 1997






  5                                                        Form 8-K May 12, 1997




                                  EXHIBIT INDEX


Exhibit No.

          99   AT&T Capital Corporation Press Release issued May 12, 1997.

EX-99

  1                                                        
                                                           Exhibit 99






AT&T CAPITAL ELECTS
RAMON OLIU, JR.
CHIEF FINANCIAL OFFICER


For Immediate Release:  Monday, May 12, 1997
- --------------------------------------------

        Morristown, N.J. -- AT&T Capital Corporation today announced the
election of Ramon Oliu, Jr. as senior vice president and chief financial
officer, effective May 22, 1997.

        Oliu, who is currently AT&T Capital's controller, will succeed Ed Dwyer,
who has resigned to become the treasurer of AT&T.

        "We're pleased to have Ray as our new chief financial officer," says Tom
Wajnert, chairman and chief executive officer. "This is a terrific example of
AT&T Capital realizing the depth of talent and bench strength within the
organization. I have had the pleasure of working with Ray for a number of years.
I'm certain his broad range of skills and experience will serve him and AT&T
Capital well as he assumes his new responsibilities."

        Oliu joined AT&T Capital in 1987. Prior to being named controller in
1995, he served for three years as chief financial officer of AT&T Credit, AT&T
Capital's largest business unit. He holds a BA degree from the University of
Notre Dame and an MBA degree from The Wharton School.

        AT&T Capital, formerly majority owned by AT&T, is a privately owned
company that provides diversified equipment leasing, financing and related
services to approximately 500,000 commercial customers of all sizes in more than
20 countries in North America, Latin America, Europe, Australia and Asia.

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