09.21.1995Corporate

NYNEX DECLARES REGULAR QUARTERLY DIVIDEND

September 21, 1995


NYNEX CONTACT: Media Relations,
(212) 395-0500


NYNEX DECLARES REGULAR QUARTERLY DIVIDEND

NEW YORK, NY -- The board of directors of NYNEX Corporation

(NYSE:NYN) today approved payment of the regular quarterly dividend

of $0.59 per share, unchanged from the previous quarter. The

dividend is payable on November 1, 1995 to share owners of record

at the close of business on October 10, 1995. There are approximately

428.6 million NYNEX common shares outstanding.


NYNEX is a global communications and media company that provides
a full range of services in the northeastern United States and
high-growth markets around the world, including the United Kingdom,
Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland,
Slovakia and the Czech Republic.

The Corporation is a leader in the telecommunications, wireless communications,
cable television, directory publishing
and entertainment and information services.

FAX copies of recent NYNEX news releases are available free of charge, 24
hours
a day. Call 1-800-331-1214 and an automated system will provide
instructions.