BELL ATLANTIC CORPORATION AND SUBSIDIARIES

BELL ATLANTIC CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Operations (unaudited)

(In millions, except per-share amounts)

Three months ended Nine months ended
September 30, September 30,
1996 1995 1996 1995
Operating Revenues
Transport Services:
Local service $1,176.9 $1,118.6 $3,496.0 $3,305.2
Network access 886.9 856.2 2,632.6 2,549.5
Toll service 340.2 355.9 1,059.9 1,082.2
Ancillary Services:
Directory publishing 288.0 273.4 863.0 826.3
Other 156.8 142.3 436.8 414.9
Value-Added Services 411.0 353.0 1,169.3 1,010.6
Network Services Revenues 3,259.8 3,099.4 9,657.6 9,188.7

Wireless Services -- (a) -- (a) -- (a) 628.0
Other Services 38.0 161.7 (b) 107.3 458.6 (b)
Total Operating Revenues 3,297.8 3,261.1 9,764.9 10,275.3

Operating Expenses
Employee costs,
including benefits
and taxes 1,018.9 1,034.6 2,983.1 3,129.5
Depreciation and
amortization 649.1 642.5 1,916.8 1,991.9
Other 840.6 864.6 2,466.4 2,760.0
Total Operating Expenses 2,508.6 2,541.7 (b) 7,366.3 7,881.4 (b)

Operating Income 789.2 719.4 2,398.6 2,393.9

Equity in income of
affiliates (a) 105.8 74.5 271.7 90.3
Other income (expense),
net (9.9) 317.1 (14.3) 324.0
Interest expense 119.9 133.9 360.5 420.5
Income before provision
for income taxes 765.2 977.1 2,295.5 2,387.7
Provision for income taxes 281.9 372.3 847.4 921.3

Net Income $483.3 $604.8 $1,448.1 $1,466.4

Earnings Per Common Share $1.10 $1.38 $3.29 $3.35

Cash dividends declared
per common share $.72 $.70 $2.16(c) $2.10
Weighted average number
of common and equivalent
shares outstanding 439.1 438.5 439.6 437.9

(a) On July 1, 1995, the company contributed its
domestic cellular
business to a partnership and accounts for its share of the
partnership's results under the equity method.

(b) Includes revenues and expenses from Bell Atlantic Business
Systems Services, sold in October 1995, as follows:

Three months ended Nine months ended
September 30, 1995 September, 30, 1995

Operating Revenues -
Other Services $127.9 $374.8
Operating Expenses 119.2 362.8

(c) Includes payment of $.005 per common share for
redemption of
rights granted under the company's Shareholder Rights Plan.

BELL ATLANTIC CORPORATION AND
SUBSIDIARIES

Per Share Analysis (unaudited)
(In millions)

Three months ended Nine months ended
September 30, September 30,
1996 1995 1996 1995

Earnings per Share,
as reported $1.10 $1.38 $3.29 $3.35
Adjustments:
Gain on sale of
conflicted cellular
properties -- (.46) -- (.46)
Non-recurring business
development charges -- .09 -- .09
Adjusted Earnings
per Share 1.10 $1.01 $3.29 $2.98

Other Selected Data (unaudited)
(In millions)

September 30,
1996 1995

Return on Average Common Equity
Three months ended 27.1% 36.2%
Nine months ended 26.4% 30.5%
Total Assets (in millions) $23,908.9 $24,546.0
Total Employees 61,300 67,800 (d)

(d) Total Employees in 1995 includes 4,400 employees of Bell Atlantic
Business Systems Services, which was sold in October 1995.

BELL ATLANTIC CORPORATION AND
SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (unaudited)
(In millions)

Nine months ended September 30,
1996 1995

Cash Flows from Operating Activities
Net income $1,448.1 $1,466.4
Depreciation and amortization 1,916.8 1,991.9
Gain on sale of cellular
properties, net of tax -- (203.0)
Equity in income of affiliates (271.7) (90.3)
Dividends received from affiliates 92.9 81.3
Other, net 1.4 (330.1)

Net Cash Provided by Operating
Activities 3,187.5 2,916.2

Net Cash Used in Investing
Activities (1,684.1) (1,952.5)
Net Cash Used in Financing
Activities (1,761.4) (1,008.9)

Decrease in Cash and Cash
Equivalents (258.0) (45.2)

Cash and Cash Equivalents,
Beginning of Period 356.8 142.9

Cash and Cash Equivalents,
End of Period $98.8 $97.7