<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eightk091605.txt
<DESCRIPTION>AT&T FORM 8-K DATED SEPTEMBER 16, 2005
<TEXT>

                                  UNITED STATES
                       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: September 16, 2005

                                   AT&T CORP.

               (Exact Name of Registrant as Specified in Charter)

                                    New York

                 (State or Other Jurisdiction of Incorporation)

                                1-1105 13-4924710
             (Commission File Number) (IRS Employer Identification No.)

                   One AT&T Way, Bedminster, New Jersey 07921

                    (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (908) 221-2000

                                 Not Applicable

          (Former Name or Former Address, If Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ]  Soliciting  material  pursuant to Rule 14a-12  under  Exchange  Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

ITEM 8.01 OTHER EVENTS

As noted in our Form 10-K and Form 10-Q filings, we lease commercial aircraft to
domestic  airlines through leveraged lease  transactions,  including leases with
Delta Air Lines Inc.  (Delta)  and  Northwest  Airlines  Corp.  (Northwest).  On
September  14,  2005,   Delta  and  Northwest  filed  voluntary   petitions  for
reorganization  under  Chapter 11 of the United  States  Bankruptcy  Code.  As a
result of  these bankruptcy  filings,  in the third quarter we expect to record,
within "Other income  (expense)",  a pretax charge of approximately  $90 million
relating to our  investment in these  leases,  which would have an estimated net
income impact of approximately $50 million.


                                   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 Corp.

                                By:  /s/ Christopher R. Reidy
                                     ---------------------------
                                     Christopher R. Reidy
                                     Vice President and Controller


Date:  September 16, 2005
</TEXT>
</DOCUMENT>