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EXHIBIT 1.1 10,000,000 SHARES ALLEGIANCE TELECOM, INC. COMMON STOCK, PAR VALUE $.01 PER SHARE UNDERWRITING AGREEMENT January o, 2000 January o, 2000 Goldman, Sachs & Co. Salomon Smith Barney Inc. Bear, Stearns & Co. Inc. c/o Goldman, Sachs & Co. 85...