SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                                October 9, 2002
                Date of report (Date of earliest event reported)

                                   AT&T CORP.

               (Exact Name of Registrant as Specified in Charter)


     NEW YORK                       1-1105                     13-4924710
 (State or Other               (Commission File               (IRS Employer
   Jurisdiction                     Number)                Identification No.)
of Incorporation)



            900 Rt. 202/206 N., Bedminster, New Jersey 07921
          (Address of Principal Executive Offices, including Zip Code)

                                 (908) 532-1754
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
         (Former Name or Former Address, if Changed Since Last Report)








ITEM 5. OTHER EVENTS.

New Credit Facility

On October 9, 2002, AT&T Corp.  entered into a $4,000,000,000  364-Day Revolving
Credit  Facility  with  various  lending   institutions  and  with  J.P.  Morgan
Securities Inc.,  Salomon Smith Barney Inc., Credit Suisse First Boston,  Cayman
Islands  Branch and Goldman Sachs Credit  Partners L.P., as Joint Lead Arrangers
and Bookrunners.










                                   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 hereunto duly authorized.

Date: October 10, 2002


                                AT&T CORP.


                                By:  /s/     Robert S. Feit
                                     -------------------------------------
                                     Name:   Robert S. Feit
                                     Title:  Vice President - Law and
                                             Secretary