SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13D
                   Under the Securities Exchange Act of 1934

                                (Amendment No. 3)

                            AT&T Latin America Corp.
--------------------------------------------------------------------------------
                                (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)

                                 Robert S. Feit
                        Vice President-Law and Secretary
                                   AT&T Corp.
                                  One AT&T Way
                              Bedminster, NJ 07921
                                 (800) 257-7865
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                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)

                                December 17, 2001
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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*

     N/A
________________________________________________________________________________
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 shares
   PERSON      _________________________________________________________________
    WITH       9    SOLE DISPOSITIVE POWER
    EACH
                         8,000,000
               _________________________________________________________________
               10   SHARED DISPOSITIVE POWER

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

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

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

     68.5%
________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

     CO
________________________________________________________________________________


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 2020 K
Street,  N.W.,  Washington,  DC 20006.  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  and the  Schedule  13D
Amendments   of  AT&T   filed  on   January   23,   2002  and  March  5,   2002.
________________________________________________________________________________
Item 2. Identity and Background.

The list of executive  officers and  directors of AT&T  furnished in response to
Item  2  is   hereby   amended   to   read  as  set   forth   in   Schedule   I.
________________________________________________________________________________
Item 4. Purpose of Transaction.

The information  previously furnished in response to Item 4 is hereby amended by
adding at the end thereto the following:

In  connection  with ATTL's  publicly  announced  intention to consider  certain
alternatives,  AT&T is  currently  revieweing  its  investment  in  ATTL  and is
considering  a number  of  alternatives  that  relate  to its  debt  and  equity
interests  in  ATTL.  These  alternatives  may  result  in  the  sale  or  other
disposition of some or all of AT&T's position in the Class A Common Stock in one
or more transactions.
________________________________________________________________________________

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


                                   SIGNATURE


     After reasonable inquiry and to the best of the undersigneds' knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.


Dated:  December 17, 2002

                                       AT&T Corp.

                                       By:  /s/ Robert S. Feit
                                       -----------------------------------------
                                                Robert S. Feit
                                                Authorized Signatory

The  original  statement  shall be signed by each  person  on whose  behalf  the
statement is filed or his authorized representative.  If the statement is signed
on behalf of a person by his authorized  representative (other than an executive
officer  or  general   partner  of  this   filing   person),   evidence  of  the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be incorporated by reference.

The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

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


                                   Schedule I



Betsy J. Bernard         - Executive Vice President and President - AT&T Corp.
James W. Cicconi         - General Counsel and Executive Vice President - Law &
                             Government Affairs
Nicholas S. Cyprus       - Vice President & Controller, AT&T Corp.
David W. Dorman          - Chairman of the Board and Chief Executive Officer -
                             AT&T Corp.
Hossein Eslambolchi      - President - AT&T Labs and Chief Technology Officer
Robert S. Feit           - Vice-President - Law and Secretary
Mirian M. Graddick-Weir  - Executive Vice President - Human Resources
Thomas W. Horton         - Senior Executive Vice President and Chief Financial
                             Officer, AT&T Corp.
Frank Ianna              - Executive Vice President and President AT&T Network
                             Services
Richard J. Martin        - Executive Vice President - AT&T Corp. and Chairman of
                             the AT&T Foundation
John C. Petrillo         - Executive Vice President - Corporate Strategy &
                             Business Development
John Polumbo             - Executive Vice President and CEO - AT&T Consumer
Constance Weaver         - Senior Vice President - Public Relations, Employee
                             Communications and Brand Management


Kenneth T. Derr          - Director; Chairman of the Board, Retired - Chevron
                             Corporation
M. Kathryn Eickhoff      - Director; President, Eickhoff Economics Incorporated
Frank Herringer          - Director; Chairman, Transamerica Corporation
Amos B. Hostetter, Jr.   - Director; Chairman, Pilot House Associates
Shirley A. Jackson       - Director; President, Rensselaer Polytechnic Institute
Jon C. Madonna           - Director; Chairman, DigitalThink, Inc.
Donald F. McHenry        - Director; President, The IRC Group, LLC
Tony L. White            - Director; Chairman, President and CEO, Applera
                             Corporation