SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13D
                   Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

                            AT&T Latin America Corp.
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                                (Name of Issuer)

               Class A Common Stock, Par Value $0.0001 Per Share
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                         (Title of Class of Securities)

                                   04649A106
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                                 (CUSIP Number)

                               Marilyn J. Wasser
                        Vice President-Law and Secretary
                                   AT&T Corp.
                             295 North Maple Avenue
                            Basking Ridge, NJ 07920
                                 (908) 221-2000
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                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)

                                January 9, 2002
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            (Date of Event which Requires Filing of This Statement)

     If the filing  person has  previously  filed a statement on Schedule 13G to
report the  acquisition  that is the subject of this Schedule 13D, and is filing
this  schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [_].

          Note:  Schedules filed in paper format shall include a signed original
     and five copies of the schedule,  including all exhibits. See Rule 13d-7(b)
     for other parties to whom copies are to be sent.

                         (Continued on following pages)
                              (Page 1 of 5 Pages)

     The  information  required on the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 or otherwise  subject to the  liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

CUSIP No. 04649A106                   13D                      Page 2 of 5 Pages
________________________________________________________________________________
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     AT&T Corp.
     I.R.S. Identification No. 13-4924710
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
________________________________________________________________________________
3    SEC USE ONLY

________________________________________________________________________________
4    SOURCE OF FUNDS*

     WC, OO
________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]
________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
________________________________________________________________________________
               7    SOLE VOTING POWER
  NUMBER OF
   SHARES                8,000,000
BENEFICIALLY   _________________________________________________________________
  OWNED BY     8    SHARED VOTING POWER
    EACH
  REPORTING             73,081,595
   PERSON      _________________________________________________________________
    WITH       9    SOLE DISPOSITIVE POWER
    EACH
                         8,000,000
               _________________________________________________________________
               10   SHARED DISPOSITIVE POWER

                        73,081,595
________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     81,081,595
________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

                                                                      [_]
________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     69.7%*
________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

     CO
________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

* Assumes  conversion  of all  73,081,595  shares of Class B Common Stock of the
Issuer beneficially owned by the Reporting Persons into shares of Class A Common
Stock.  Each share of Class B Common Stock is  convertible  at any time into one
share  of Class A Common  Stock.  The  percent  of  class  provided  is based on
information  provided by the Issuer about the number of shares of Class A Common
Stock and Class B Common Stock as of January 9, 2002.

CUSIP No. 04649A106                    13D                     Page 3 of 5 Pages
________________________________________________________________________________
Item 1.  Security and Issuer.

This Amendment  relates to the Class A Common Stock, par value $0.0001 per share
("Class A Common  Stock"),  of AT&T Latin America Corp., a Delaware  corporation
("ATTL").  The address of the principal executive office of ATTL is 220 Alhambra
Circle, Coral Gables, FL 33134. This Amendment amends the Schedule 13D Statement
(the "Schedule 13D") of AT&T Corp., a New York corporation  ("AT&T") relating to
the Issuer filed on February 14, 2001.
________________________________________________________________________________
Item 4.  Purpose of Transaction.

Item 4 is hereby amended by adding the following at the end thereof:

On January 9, 2002,  AT&T  purchased  8,000,000  shares (the "SL Shares") of the
Class A Common  Stock of the Issuer from SL  Participacoes,  S.A.  ("SL") for an
aggregate price of $45,393,541.45.  Under the terms of a Shareholders  Agreement
dated as of December 8, 1999, which included the Issuer, SL and AT&T as parties,
AT&T was  obligated  to purchase  the SL Shares for  consideration  of $5.00 per
share   plus   interest   as   specified   in   the   Shareholders    Agreement.
________________________________________________________________________________

CUSIP No. 04649A106                    13D                     Page 4 of 5 Pages

Item 5.  Interest in Securities of the Issuer.

Item 5 is hereby amended in its entirety and restated as follows:

     (a)  As of the date hereof,  ATTL Holding Corp.  is the direct  owner,  and
          AT&T Corp.  is the indirect  owner,  of  73,081,595  shares of Class B
          Common Stock.  As stated in the Schedule 13D, ATTLA Holding Corp. is a
          single purpose  holding  company and is a  wholly-owned  subsidiary of
          AT&T. Because each share of Class B Common Stock is convertible at any
          time into one  share of Class A Common  Stock,  each of the  Reporting
          Persons  listed  on  the  Schedule  13D  is the  beneficial  owner  of
          73,081,595 shares of Class A Common Stock. Additionally,  AT&T is also
          the direct  owner of 8,000,000  shares of the Issuer's  Class A Common
          Stock.  To the  knowledge  of the  Reporting  Persons  as of the  date
          hereof, none of the persons listed on Schedule I beneficially owns any
          shares of Class A Common Stock.

     (b)  ATTLA Holding Corp.  and AT&T, as its parent,  share the power to vote
          and dispose of the 73,081,595 shares of Class A Common Stock, and AT&T
          holds the power to vote and dispose of an additional  8,000,000 shares
          of Class A Common Stock.

     (c)  Other than as set forth in this  Schedule  13D  Amendment,  there have
          been no  transactions  in the shares of Class A Common Stock  effected
          during the past 60 days by the Reporting Persons, nor to the Reporting
          Persons' knowledge, by any of the persons listed on Schedule I.

     (d)  There is no  person  that has the  right to  receive  or the  power to
          direct the receipt of dividends  from,  or the proceeds  from the sale
          of,  the  Class A Common  Stock  beneficially  owned by the  Reporting
          Persons.

     (e)  Not applicable.
________________________________________________________________________________

CUSIP No. 04649A106                    13D                     Page 5 of 5 Pages

                                   SIGNATURE


     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


                                                              , 2002
                                        ----------------------------------------
                                                         (Date)

                                                       AT&T Corp.

                                               By:  /s/ Robert S. Feit
                                        ----------------------------------------
                                                       (Signature)

                                                        Robert S. Feit
                                                        Authorized Signatory
                                        ----------------------------------------
                                                       (Name/Title)

Attention.  Intentional  misstatements  or omissions of fact constitute  federal
criminal violations (see 18 U.S.C. 1001).


                                   Schedule I



C. Michael Armstrong     - Chairman and Chief Executive Officer, AT&T Corp.
Betsy J. Bernard         - Executive Vice President and President and CEO - AT&T
                           Consumer
James W. Cicconi         - General Counsel and Executive Vice President - Law &
                           Government Affairs
Nicholas S. Cyprus       - Vice President & Controller
David W. Dorman          - President - AT&T Corp.
Mirian M. Graddick-Weir  - Executive Vice President - Human Resources
Frank Ianna              - Executive Vice President and President AT&T Network
                           Services
Richard J. Martin        - Executive Vice President - Public Relations and
                             Employee Communications
Charles H. Noski         - Senior Executive Vice President and Chief Financial
                           Officer - AT&T Corp.
John C. Petrillo         - Executive Vice President - Corporate Strategy &
                             & Business Development
William T. Schleyer      - President and CEO - AT&T Broadband




J. Michael Cook          - Director; Retired Chairman and CEO, Deloitte & Touche
                             LLP
Kenneth T. Derr          - Director; Chairman of the Board, Retired - Chevron
                             Corporation
M. Kathryn Eickhoff      - Director; President, Eickhoff Economics Incorporated
George M. C. Fisher      - Director; Retired Chairman and CEO, Eastman Kodak
                             Company
Amos B. Hostetter, Jr.   - Director; Chairman - Pilot House Associates
Shirley A. Jackson       - Director; President, Rensselaer Polytechnic Institute
Donald F. McHenry        - Director; President, The IRC Group, LLC
Louis A. Simpson         - Director; President and CEO - Capital Operations of
                             GEICO Corporation
Michael I. Sovern        - Director; President Emeritus and Chancellor Kent
                             Professor of Law, Columbia University
Sanford I. Weill         - Director; Chairman and Chief Executive Officer -
                             Citigroup Inc.