FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Form 3 Holdings Reported.
  
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
MAYS L LOWRY
(Last) (First) (Middle)
CLEAR CHANNEL COMMUNICATIONS
200 EAST BASSE ROAD
(Street)
SAN ANTONIO TX 78209
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CLEAR CHANNEL COMMUNICATIONS INC [ CCU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 01/13/2005 G 21,640(12) D (12) 22,886,263 I By LLM Partners
Common Stock 02/15/2005 G 127,964 D (1) 0(2) I By 2003 GRAT #1
Common Stock 02/17/2005 G 1,070,312 D (1) 86,436(3) D
Common Stock 02/17/2005 G 1,070,312 A (1) 23,956,575 I By LLM Partners
Common Stock 02/24/2005 G 82,656 D (1) 0(4) I by 2003 GRAT #2
Common Stock 02/25/2005 G 523,512 D (1) 86,436(5) D
Common Stock 02/25/2005 G 523,512 A (1) 24,480,087 I by LLM Partners
Common Stock 03/17/2005 G 96,162 D (1) 0(6) I By 2003 GRAT #3
Common Stock 03/18/2005 G 494,870 D (1) 86,436(7) D
Common Stock 03/18/2005 G 494,870 A (1) 24,974,957 I By LLM Partners
Common Stock 04/06/2005 G 76,052 D (1) 0(8) I By 2003 GRAT #4
Common Stock 04/08/2005 G 515,946 D (1) 86,436(9) D
Common Stock 04/08/2005 G 515,946 A (1) 25,490,903 I by LLM Partners
Common Stock 08/16/2005 G 444,570 D (1) 86,436(10) D
Common Stock 08/16/2005 G 444,570 A (1) 25,935,473 I By LLM Partners
Common Stock 09/30/2005 G 741,834 D (1) 86,436(11) D
Common Stock 09/30/2005 G 741,834 A (1) 26,677,307 I By LLM Partners
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This reported item is a gift.
2. Excludes 1,070,312 shares previously held through the 2003 GRAT #1 which were distributed to the reporting person on February 15, 2005 and are now owned directly.
3. Reflect direct beneficial ownership following transfer of 1,070,312 shares previously held through the 2003 GRAT #1 which were distributed to the direct beneficial ownership of the reporting person on February 15, 2005.
4. Excludes 523,512 shares previously held through the 2003 GRAT #2 which were distributed to the reporting person on February 24, 2005 and are now owned directly.
5. Reflects direct beneficial ownership following transfer of 523,512 shares previously held through the 2003 GRAT #2 which were distributed to the direct beneficial ownership of the reporting person on February 24, 2005.
6. Excludes 494,870 shares previously held through the 2003 GRAT #3 which were distributed to the reporting person on March 17, 2005 and are now owned directly.
7. Reflects direct beneficial ownership following transfer of 494,870 shares previously held through the 2003 GRAT #3 which were distributed to the direct beneficial ownership of the reporting person on March 17, 2005.
8. Excludes 515,946 shares previously held through the 2003 GRAT #4 which were distributed to the reporting person on April 6, 2005 and are now owned directly.
9. Reflects direct beneficial ownership following transfer of 515,946 shares previously held through the 2003 GRAT #4 whcih were distributed to the direct beneficial ownership of the reporting person on April 6, 2005.
10. Reflects direct beneficial ownership following transfer of 444,570 shares held through the 2003 GRAT #5 which were distributed to the direct beneficial ownership of the reporting person on August 12, 2005. This represents all of the shares that were previously held through the 2003 GRAT #5.
11. Reflects direct beneficial ownership following transfer of 741,834 shares previously held through the 2003 GRAT #6 which were distributed to the direct beneficial ownership of the reporting person on September 30, 2005. This represents all of the shares that were previously held through the 2003 GRAT #6.
12. Represents separate gifts of limited partnership interests in LLM Partners, a limted partnership, to four individuals and 16 trusts. The gifts represent an aggregate 0.868% interest in LLM Partners. The reporting person disclaims beneficial ownership of CCU common stock held by LLM Partners except to the extnent of his pecuniary interest therein.
Remarks:
L. Lowry Mays 02/13/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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