1 EXHIBIT 1 BELLSOUTH CAPITAL FUNDING CORPORATION $500,000,000 SERIES C MEDIUM- TERM NOTES DUE FROM 9 MONTHS TO 40 YEARS FROM DATE OF ISSUE DISTRIBUTION AGREEMENT February , 1998 Morgan Stanley & Co. Incorporated 1585 Broadway New York, New York 10036...Bellsouth Capital Funding Corp • February 4th, 1998 • Telephone communications (no radiotelephone) • New York
