Exhibit 1 PACIFIC BELL U.S. $1,750,000,000 Medium-Term Notes, Series A Due Nine Months or More From Date of Issue Selling Agency Agreement October 23, 1997 Merrill Lynch & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated Goldman, Sachs & Co....Selling Agency Agreement • October 23rd, 1997 • Pacific Bell • Telephone communications (no radiotelephone) • New York
