Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CARLSON LEROY T
  2. Issuer Name and Ticker or Trading Symbol
TELEPHONE & DATA SYSTEMS INC /DE/ [TDS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman Emeritus
(Last)
(First)
(Middle)
TELEPHONE AND DATA SYSTEMS, INC., 30 N. LASALLE ST., STE. 4000
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2005
(Street)

CHICAGO, IL 60602
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 03/31/2005   J(3) V 1.935 A (3) 868.48 D  
Special Common Shares 05/13/2005   J(2) V 868.48 A (2) 868.48 D  
Special Common Shares 05/13/2005   J(2) V 52,677.57 A (2) 52,677.57 I By Wife
Special Common Shares 05/13/2005   J(2) V 219,992.902 A (2) 216,392.9 I By Voting Trust (9)
Special Common Shares 09/26/2005   G V 3,600 D (10) 216,392.9 I By Voting Trust (9)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Common Shares (4) 03/31/2005   J(3) V 117.383     (4)   (4) Common Shares or Special Common shares 117.383 (4) 52,677.57 I By Wife
Series A Common Shares (4) 03/31/2005   J(3) V 93.74     (4)   (4) Common Shares or Special Common shares 93.74 (4) 219,992.9 I By Voting Trust (9)
Deferred Compensation (8) 05/13/2005   J(2)(8) V 29,744.942     (8)   (8) Common Shares and Special Common Shares 29,744.942 (8) 29,744.942 D  
Restricted Stock Units (7) 05/13/2005   J(2)(7) V 6,164   12/15/2007   (1) Tandem Common Shares and Special Common Shares 6,164 (7) 6,164 D  
Option (Right to buy) $ 47.6 05/13/2005   J(2)(11) V 9,367   12/15/1996 12/15/2006 Tandem Common Shares and Special Common Shares 9,367 (11) 9,367 D  
Option (Right to buy) $ 43.88 05/13/2005   J(2)(11) V 8,295   12/15/1997 12/15/2007 Tandem Common Shares and Special Common Shares 8,295 (11) 8,295 D  
Option (Right to buy) $ 39.75 05/13/2005   J(2)(11) V 17,820   12/15/1998 06/22/2008 Tandem Common Shares and Special Common Shares 17,820 (11) 17,820 D  
Option (Right to buy) $ 43.75 05/13/2005   J(2)(11) V 39,600     (5) 11/05/2007 Tandem Common Shares and Special Common Shares 39,600 (11) 39,600 D  
Option (Right to buy) $ 66.75 05/13/2005   J(2)(11) V 17,600   12/15/1999 04/30/2009 Tandem Common Share and Special Common Shares 17,600 (11) 17,600 D  
Option (Right to buy) $ 105.13 05/13/2005   J(2)(11) V 18,000   12/15/2000 05/05/2010 Tandem Common Shares and Special Common Shares 18,000 (11) 18,000 D  
Option (Right to buy) $ 121.12 05/13/2005   J(2)(11) V 34,360     (6) 09/16/2010 Tandem Common Shares and Special Common Shares 34,360 (11) 34,360 D  
Option (Right to buy) $ 99.44 05/13/2005   J(2)(11) V 15,590   12/15/2001 04/30/2011 Tandem Common Shares and Special Common Shares 15,590 (11) 15,590 D  
Option (Right to buy) $ 59 05/13/2005   J(2)(11) V 22,170   12/15/2002 07/05/2012 Tandem Common Shares and Special Common Shares 22,170 (11) 22,170 D  
Option (Right to buy) $ 52.92 05/13/2005   J(2)(11) V 23,605   12/15/2003 07/03/2013 Tandem Common Shares and Special Common Shares 23,605 (11) 23,605 D  
Option (Right to buy) $ 66 05/13/2005   J(2)(11) V 22,475   12/15/2004 05/08/2014 Tandem Common Shares and Special Common Shares 22,475 (11) 22,475 D  
Option (Right to Buy) $ 77.36 05/13/2005   J(2)(11) V 26,531   12/15/2005 04/20/2015 Tandem Common Shares and Special Common Shares 26,531 (11) 26,531 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CARLSON LEROY T
TELEPHONE AND DATA SYSTEMS, INC.
30 N. LASALLE ST., STE. 4000
CHICAGO, IL 60602
  X     Chairman Emeritus  

Signatures

 Julie D. Mathews, by power of atty   04/22/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Restricted stock unit award pursuant to the 2004 Long-Term Incentive Plan. Stock units will become vested on December 15, 2007.
(2) On May 13 TDS authorized a special common dividend to holders of common shares in which one special share was distributed for each common share. The stock dividend was distribued to all shareholders making this acquisition exempt from Section 16 pursuant to Rule 16-9(a).
(3) Voluntary reporting of shares acquired through dividend reinvestment on March 31, 2005.
(4) Series A Common shares are convertible, on a share-for-share basis, into common or special common.
(5) Granted under the TDS Long term incentive plan. The option is exercisable with respect to 13200 common shares on 12/15/98, 12/15/99 and 12/15/00 for a total of 39600.
(6) Granted under the TDS Long term incentive plan. The option is exercisable with respect to 8590 common shares on 12/15/01, 12/15/02, 12/15/03 and 12/15/04 for a total of 34,360.
(7) Restricted stock units for common shares were granted without consideration under the long term incentive plan. As a result of the special common dividend, all restricted stock unit awards as of May 13 that are to be settled in common shares, whether vested or unvested, were adjusted to provide that such will be settled in the number of common share orginally subject to the award plus an equal number of special common shares.
(8) Reporting person deferred 2004 bonus pursuant to the 1998 Long Term Incentive Plan. Previously, the reporting person has deferrred 1998, 1999, 2000, 2001, 2002 and 2003 bonuses. The deferred bonues total 22,623.4 shares. The employer matches total 6,560.783 and dividend reinvestment has accumulated to 560.8 common shares. The employer match vests ratably at 33%, 33% and 34% per year over a 3 year period. Some employer matches are fully vested while some matches will not be fully matched until 12/31/07.
(9) Beneficial ownership of shares held in Voting Trust. Reporting person disclaims ownership of 187,282 (including 36010 shares acquired pursuant to a dividend reinvestment plan) owned by wife. As of March 31, 2005, included 6057 shares acquired pursuant to a dividend reinvestment plan.
(10) Gifted shares
(11) Common shares were granted without consideration under the long-term incentive plan. As a result of the special common dividend, all options to purchase common shares as of May 13 under the long term incentive plan, whether vested or unvested, were adjusted into tandem options. The tandem option provides that upon exercise, the optionee purchases the number of common shares originally subject to the option plus an equal number of special common shares.

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