X0202 5 2005-12-31 0 0 0000739708 CLEAR CHANNEL COMMUNICATIONS INC CCU 0001096790 MAYS L LOWRY CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO TX 78209 1 1 0 0 Executive Chairman Common Stock 2005-01-13 5 G 0 21640 D 22886263 I By LLM Partners Common Stock 2005-02-15 5 G 0 127964 D 0 I By 2003 GRAT #1 Common Stock 2005-02-17 5 G 0 1070312 D 86436 D Common Stock 2005-02-17 5 G 0 1070312 A 23956575 I By LLM Partners Common Stock 2005-02-24 5 G 0 82656 D 0 I by 2003 GRAT #2 Common Stock 2005-02-25 5 G 0 523512 D 86436 D Common Stock 2005-02-25 5 G 0 523512 A 24480087 I by LLM Partners Common Stock 2005-03-17 5 G 0 96162 D 0 I By 2003 GRAT #3 Common Stock 2005-03-18 5 G 0 494870 D 86436 D Common Stock 2005-03-18 5 G 0 494870 A 24974957 I By LLM Partners Common Stock 2005-04-06 5 G 0 76052 D 0 I By 2003 GRAT #4 Common Stock 2005-04-08 5 G 0 515946 D 86436 D Common Stock 2005-04-08 5 G 0 515946 A 25490903 I by LLM Partners Common Stock 2005-08-16 5 G 0 444570 D 86436 D Common Stock 2005-08-16 5 G 0 444570 A 25935473 I By LLM Partners Common Stock 2005-09-30 5 G 0 741834 D 86436 D Common Stock 2005-09-30 5 G 0 741834 A 26677307 I By LLM Partners This reported item is a gift. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. L. Lowry Mays 2006-02-13