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Prospectus Supplement dated December 21, 2001                     Rule 424(b)(3)
To Prospectus dated November 16, 2001                         File No. 333-73612

                                 $5,442,079,000

                          Verizon Global Funding Corp.
                     Zero Coupon Convertible Notes due 2021
            Supported as to Payment of Principal and Interest by and
                      Convertible into the Common Stock of
                           Verizon Communications Inc.

     This Prospectus Supplement dated December 21, 2001 supplements and amends
the Prospectus dated November 16, 2001 as follows and should be read in
connection with the Prospectus:

     The section entitled, "Selling Securityholders," beginning on page 30 of
the prospectus is supplemented and amended to include the following selling
securityholders who have provided us with notice and the requisite information
as of December 20, 2001. To the extent that a selling securityholder listed
below is already named in the Prospectus, the information set forth below
replaces the information in the Prospectus.

<TABLE>
<CAPTION>

                                 Aggregate Principal                          Shares of Verizon        Percentage of Verizon
                                Amount at Maturity of    Percentage         Communications Common      Communications Common
                                Notes that May Be Sold    of Notes       Stock that May Be Sold (1)    Stock Outstanding (2)
                                         ($)             Outstanding
<S>                             <C>                     <C>               <C>                          <C>
BNP Parisbas Equity
   Strategies SNC                       3,000,000              *                   23,795                        *
Cater Allen International
   Limited                              5,000,000              *                   39,659                        *
DKR Fixed Income
   Holding Fund Ltd.                    3,000,000              *                   23,795                        *
Goldman Sachs and
   Company                            179,079,000             3.3                 1,420,418                      *
Nomura International
   PLC                                 15,000,000              *                   118,977                       *
S.A.C. Capital Associates,
   LLC                                 15,000,000              *                   118,977                       *

TD Securities (USA) Inc.              142,000,000             2.6                 1,126,315                      *
---------------
</TABLE>

*    Less than one percent (1%).

(1)  Assumes conversion of all of the notes at a conversion rate of 7.9318
     shares of the common stock of Verizon Communications per $1,000 principal
     amount at maturity of the notes. This conversion rate is subject to
     adjustment, however, as described under "Description of Notes and Support
     Obligations - Conversion Rights" in the Prospectus. As a result, the number
     of shares of the common stock of Verizon Communications issuable upon
     conversion of the notes may increase or decrease in the future.

(2)  Calculated based on Rule 13d-3(d)(i) of the Exchange Act of 1934, using
     2,751,650,484 shares of common stock of Verizon Communications outstanding
     as of September 30, 2001. In calculating this amount for each selling
     securityholder, we treated as outstanding the number of shares of the
     common stock Verizon Communications issuable upon conversion of all of the
     selling securityholder's notes, but we did not assume conversion of any
     other selling securityholder's notes.

