Re Historical Accounting

Bellsouth Corp
02 April 2003



                                        INVESTOR RELATIONS: MEDIA CONTACT:

                                        1-800-241-3419   Adena Puchalski

                                        404-249-2872

                                        [e-mail]



     BELLSOUTH RELEASES HISTORICAL FINANCIAL STATEMENTS DETAILING IMPACT OF
                    PREVIOUSLY ANNOUNCED ACCOUNTING CHANGES




ATLANTA, April 2, 2003 - BellSouth Corp. (NYSE: BLS) today announced that
historical financial statements reflecting the impact of previously announced
accounting changes are now posted on the BellSouth Investor Relations website,
http://www.bellsouth.com/investor/, on the Quarterly Earnings web page under the
topic of Supplemental Financial Reports. Key items addressed in the statements
include expensing of stock options and the change to the deferral method for
Advertising & Publishing revenue and expense recognition. Additionally, prior
period statements have been updated to reflect new line items for operational
and support expenses and other minor segment adjustments.







About BellSouth Corporation

BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, Georgia, serving more than 44 million customers in the
United States and 14 other countries.

Consistently recognized for customer satisfaction, BellSouth provides a full
array of broadband data solutions to large, medium and small businesses. In the
residential market, BellSouth offers DSL high-speed Internet access, advanced
voice features and other services. BellSouth also offers long distance service
throughout its markets, serving both business and residential customers. The
company's BellSouth AnswersSM package combines local and long distance service
with an array of calling features; wireless data, voice and e-mail services; and
high-speed DSL or dial-up Internet service. BellSouth also provides online and
directory advertising services through BellSouth(R) RealPages.comSM and The Real
Yellow Pages(R).

BellSouth owns 40 percent of Cingular Wireless, the nation's second largest
wireless company, which provides innovative data and voice services.

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