EXHIBIT 12
                                                                        
                                                            SBC COMMUNICATIONS INC.
                                               COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
                                                              Dollars in Millions

                                                                                       
                                                                            YEAR ENDED DECEMBER 31,
                                                     1996             1995            1994             1993             1992
                                                                                                   
Income Before Income Taxes,                                                                                                 
 Extraordinary Loss and Cumulative                                                                                          
 Effect of Changes in Accounting Principles*   $    3,093      $     2,698      $    2,300       $    1,883       $    1,701
                                                                                                                            
   Add: Interest Expense                              472              515             480              496              530
                                                                                                                            
        1/3 Rental Expense                             57               46              42               41               45
                                                                                                                            
                                                                                                                            
   Adjusted Earnings                           $    3,622      $     3,259      $    2,822       $    2,420       $    2,276
                                                                                                                            
                                                                                                                            
Total Interest Charges                         $      493      $       515      $      480       $      496       $      530
                                                                                                                            
1/3 Rental Expense                                     57               46              42               41               45
                                                                                                                            
                                                                                                                            
   Adjusted Fixed Charges                      $      550      $       561      $      522       $      537       $      575
                                                                                                                            
                                                                                                                            
Ratio of Earnings to Fixed Charges                   6.59             5.81            5.41             4.51             3.96



* Undistributed earnings on investments accounted for under the equity method have been excluded.