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<PAGE>   1
================================================================================


                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                        Date of Report: February 7, 2001
                        (Date of earliest event reported)




                           VERIZON COMMUNICATIONS INC.
             (Exact name of registrant as specified in its charter)


<TABLE>

<S>                                          <C>                              <C>
              Delaware                               1-8606                                23-2259884
    (State or other jurisdiction of          (Commission File Number)         (I.R.S. Employer Identification No.)
            incorporation)


   1095 Avenue of the Americas,
   New York, New York                                                                        10036
   (Address of principal executive                                                         (Zip Code)
               offices)
</TABLE>


       Registrant's telephone number, including area code: (212) 395-2121



                                 Not applicable
          (Former name or former address, if changed since last report)




================================================================================





<PAGE>   2


Item 5.  Other Events.

On February 7, 2001, Verizon Communications Inc. held a meeting with the
investment community to provide details of its plans for 2001. Attached as
Exhibit 99 are slides relating to Verizon's financial outlook for 2001, and
Domestic Telecom financial and customer targets, which were presented at the
meeting.


Item 7.  Financial Statements and Exhibits.

(c)      Exhibits.

         99       Slides presented by Verizon Communications Inc. at its
                  February 7, 2001 Investment Community Meeting relating to
                  Verizon's financial outlook for 2001, and Domestic Telecom
                  financial and customer targets.


<PAGE>   3



                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                              Verizon Communications Inc.
                                        ---------------------------------------
                                                      (Registrant)

Date:  February 7, 2001                        /s/ Lawrence R. Whitman
     ----------------------             ----------------------------------------
                                        Lawrence R. Whitman
                                        Senior Vice President and Controller




<PAGE>   4



                                  EXHIBIT INDEX

<TABLE>
<CAPTION>

EXHIBIT
NUMBER       DESCRIPTION
----------   -----------
<S>          <C>
  99         Slides presented by Verizon Communications Inc. at its February 7,
             2001 Investment Community Meeting relating to Verizon's financial
             outlook for 2001, and Domestic Telecom financial and customer
             targets.
</TABLE>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>d83932ex99.txt
<DESCRIPTION>SLIDES PRESENTED BY VERIZON AT MEETING 2/7/2001
<TEXT>

<PAGE>   1
                                                                      EXHIBIT 99


                                 [VERIZON LOGO]

                              INVESTMENT COMMUNITY
                                    MEETING

                                FEBRUARY 7, 2001

<PAGE>   2

                                 [VERIZON LOGO]

                               FINANCIAL OUTLOOK

                                  FRED SALERNO

                                FEBRUARY 7, 2001
<PAGE>   3


                                                                  [VERIZON LOGO]


2000 Financial Performance


<TABLE>
<CAPTION>

      Quarterly                       Annual
                     REVENUES
<S>            <C>            <C>            <C>
4Q'99          $15.8B         1999           $59.2B
4Q'00          $16.9B         2000           $63.4B
Growth           6.7%         Growth           7.2%
</TABLE>


<TABLE>
<CAPTION>

      Quarterly                       Annual
                    ADJUSTED EPS
<S>            <C>            <C>            <C>
4Q'99          $ .75          1999           $ 2.84
4Q'00          $ .77          2000           $ 2.91
Growth           2.7%         Growth            2.5%
</TABLE>

                                Met Expectations
<PAGE>   4

                                                                  [VERIZON LOGO]


2001 Outlook

Revenue Targets

<TABLE>


                       2000 Actual

<S>                      <C>                  <C>
Telecom                  $43.3B               3%-4%
Wireless                 $14.2B                 19%*
Info Svcs                $ 4.1B               4%-6%
International            $ 2.0B                 15%
Consolidated             $63.4B**            8%-10%
</TABLE>

*    Represents 2000 Growth Rate
**   Includes Corporate / Other and Eliminations

[X]   Telecom growth from data, LD, DSL
[X]   Wireless subscriber growth / increased usage / data
[X]   International growth in wireless and wireline

                           2001 Growth Target of 8%+

<PAGE>   5


                                                                  [VERIZON LOGO]


2001 Outlook

Expense Targets

<TABLE>

                       2000 Actual

<S>                      <C>                  <C>
Telecom                  $33.3B                  2%
Wireless                 $12.5B                 18%*
Info Svcs                $ 2.1B                Flat
International            $ 1.7B                 14%
Consolidated             $49.0B**                7%
</TABLE>

*    Represents 2000 Growth Rate
**   Includes Corporate / Other and Eliminations

[X]   Growth-related expenses in Wireless, DSL, LD
[X]   Synergy savings
[X]   Competitive cost structure

                            2001 Growth Target of 7%

<PAGE>   6




                                                                  [VERIZON LOGO]


2001 Outlook

Operating Income Targets

<TABLE>

                       2000 Actual

<S>                      <C>                  <C>
Telecom                  $10.0B              8%-10%
Wireless                 $ 1.8B                 25%*
Info Svcs                $ 2.0B              9%-10%
International            $  .3B                 15%
Consolidated             $14.5B**           10%-12%
</TABLE>

*    Represents 2000 Growth Rate
**   Includes Corporate / Other and Eliminations


                          2001 Growth Target of 10-12%

<PAGE>   7

Capital Expenditure Outlook                                       [VERIZON LOGO]

               Wireless                           Wireless
                 $4.3B                              $4.7B


             Telecom Data                       Telecom Data
                 $3.9B                              $4.7B
Telecom                                                                  Telecom
 Total                                                                    Total
$12.1B       Telecom Voice                      Telecom Voice             $12.6B
                 $5.7B                              $5.5B


             Telecom Other                      Telecom Other
                 $2.5B                              $2.4B


            All Other $1.2B                    All Other $1.2B
--------------------------------------------------------------------------------

                 2000                            2001 est.
                $17.6B                          $18B - $18.5B


<PAGE>   8

Diversified Revenue Profile                                       [VERIZON LOGO]


<TABLE>
<CAPTION>

           2000                                                                  2005 (estimate)

<S>                      <C>                                           <C>                      <C>
Telecom                  59%                                           Telecom                  35%
Info. Svcs.               7%      Product                                o Subscription
                                                                         o Usage
International             3%     Innovation                              o Wholesale
Data                      9%             ====>                         Info. Svcs.               6%
Domestic Wireless        22%     Execution                             International             4%
                                                                       Data                     20%
                                                                       Domestic Wireless        35%

        $63 Billion                                                          $100-$105 Billion

</TABLE>


                          Transforming Growth Profile

<PAGE>   9



Financial Guidance                                                [VERIZON LOGO]


Revenue Growth Target    ====>     8% - 10%

EPS Growth Targets

     2001      ====>     8% +   $3.13 - $3.17

     2002      ====>    12% +   $3.49 - $3.54


                        Accelerating Revenue & EPS Growth


<PAGE>   10


Summary                                                           [VERIZON LOGO]


         [X]      Competitive cost structure

         [X]      Capitalize on growth opportunities

         [X]      Realize synergy benefits

         [X]      Sustain profitable growth

         [X]      Increase financial flexibility


                     Fund Growth and Meet Financial Targets

<PAGE>   11

                                 [VERIZON LOGO]


                           TELECOM BUSINESS OVERVIEW

                                  LARRY BABBIO

                                FEBRUARY 7, 2001
<PAGE>   12


2001 Expectations                                                 [VERIZON LOGO]


         [X]   Revenue growth target    ====>     3.0% - 4.0%

         [X]   Capital expenditures     ====>     $12.5B - $12.7B

         [X]   EBITDA margin            ====>     43% - 45%

         [X]   LD customers             ====>     6.4M - 6.6M

         [X]   DSL subscribers          ====>     1.2M - 1.3M

         [X]   Data revenue growth      ====>     30%


                            Delivering on Commitments


<PAGE>   13


"Safe Harbor" Statement                                           [VERIZON LOGO]

This presentation contains statements about expected future events and financial
results that are forward-looking and subject to risks and uncertainties. For
those statements, we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995.
The following important factors could affect future results and could cause
those results to differ materially from those expressed in the forward-looking
statements: materially adverse changes in economic conditions in the markets
served by us or by companies in which we have substantial investments; material
changes in available technology; the final outcome of federal, state, and local
regulatory initiatives and proceedings, including arbitration proceedings, and
judicial review of those initiatives and proceedings, pertaining to, among other
matters, the terms of interconnection, access charges, universal service, and
unbundled network element and resale rates; the extent, timing, success, and
overall effects of competition from others in the local telephone and toll
service markets; the timing and profitability of our entry into the in-region
long distance market; our ability to combine former Bell Atlantic and GTE
operations, satisfy regulatory conditions and obtain revenue enhancements and
cost savings following the merger; the profitability of our entry into the
nationwide broadband access market; the ability of Verizon Wireless to combine
operations and obtain revenue enhancements and cost savings; our ability to
convert our ownership interest in Genuity Inc. into a controlling interest
consistent with regulatory conditions, and Genuity's ensuing profitability; and
lastly, our accounting assumptions are subject to review by regulatory agencies,
including the SEC, and changes in the assumptions as required by those agencies
or any changes in the accounting rules or their application could result in an
impact on earnings.


</TEXT>
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