AT&T Declares Quarterly Dividend

    BEDMINSTER, N.J., Dec. 20 -- AT&T's Board of Directors declared a regular 
dividend of $0.2375 (23.75 cents) per share, payable February 1, 2005, to AT&T 
common shareowners of record on December 31, 2004.
    The common share dividends will go to about 2.7 million shareowners. 

    (Logo:  http://www.newscom.com/cgi-bin/prnh/19991018/ATT )

SOURCE  AT&T
    -0-                             12/20/2004
    /CONTACT:  Joseph Jones, +1-908-532-1617, or Tracey Belko, 
+1-908-234-6842, both for AT&T/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/19991018/ATT
             PRN Photo Desk, photodesk@prnewswire.com /
    /Web site:  http://www.att.com /
    (T)





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