AT&T INC. — Director's Dealing 2010

Mar 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2010-03-10

Reporting Person: MILLER FORREST E (Grp.Pres.-Corp. Strat. & Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-10	Common Stock	F	8252.2742	$25.52	Disposed	47164.6825	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	124962	Direct
Common Stock	919.988	Indirect
Common Stock	170419	Indirect

Footnotes

F1: Represents mandatory tax withholding of shares.

F2: Reflects transfer of 15,322 shares owned indirectly in benefit plan to direct ownership.