Form: 3

Initial statement of beneficial ownership of securities

May 5, 2006

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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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1. Name and Address of Reporting Person*
Bevan Jonathan David
(Last) (First) (Middle)
2850 E CAMELBACK RD
SUITE 300
(Street)
PHOENIX AZ 85016
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/25/2006 		3. Issuer Name and Ticker or Trading Symbol
Clear Channel Outdoor Holdings, Inc. [ CCO ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO - International
 5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 10,625(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Option (right to buy) (2) 02/28/2007 Common Stock 1,317 37.9269 D
Common Stock Option (right to buy) (2) 02/12/2008 Common Stock 1,756 33.0228 D
Common Stock Option (right to buy) (2) 07/25/2008 Common Stock 2,635 31.8786 D
Common Stock Option (right to buy) 07/25/2006 07/25/2008 Common Stock 2,635 31.8786 D
Common Stock Option (right to buy) (2) 12/14/2008 Common Stock 1,756 26.3454 D
Common Stock Option (right to buy) 12/14/2006 12/14/2008 Common Stock 1,757 26.3454 D
Common Stock Option (right to buy) (2) 02/19/2010 Common Stock 2,195 20.8463 D
Common Stock Option (right to buy) 02/19/2007 02/19/2010 Common Stock 2,196 20.8463 D
Common Stock Option (right to buy) 02/19/2008 02/19/2010 Common Stock 4,392 20.8463 D
Common Stock Option (right to buy) (2) 02/19/2009 Common Stock 8,783 25.3491 D
Common Stock Option (right to buy) 01/12/2008 01/12/2012 Common Stock 3,293 17.8861 D
Common Stock Option (right to buy) 01/12/2009 01/12/2012 Common Stock 3,294 17.8861 D
Common Stock Option (right to buy) 01/12/2010 01/12/2012 Common Stock 6,588 17.8861 D
Common Stock Option (right to buy) 02/13/2009 02/13/2013 Common Stock 3,125 19.85 D
Common Stock Option (right to buy) 02/13/2010 02/13/2013 Common Stock 3,125 19.85 D
Common Stock Option (right to buy) 02/13/2011 02/13/2013 Common Stock 6,250 19.85 D
Explanation of Responses:
1. The reported item represents restricted stock awards
2. Options are currently exercisable
Remarks:
Jonathan Bevan 05/02/2006
** 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 5 (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.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.