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

ANNUAL 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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1. Name and Address of Reporting Person *
WERTZ BYRON A
 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)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP-Corp. Development
(Last)
(First)
(Middle)

30 N. LASALLE ST., STE. 4000		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2005
(Street)


CHICAGO, IL 60602		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 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
Special Common Common 05/13/2005   J(7) 397 A $ (7) 398 D  
Special Common Shares 12/31/2005   J(1) 0.6 A $ (1) 398 D  
Special Common Shares 05/13/2005   J(7) 24,476.4 A $ (7) 24,525.4 I By Voting Trust
Special Common Shares 12/31/2005   J(1) 49 A $ (1) 24,525.4 I By Voting Trust
Common Shares 03/31/2005   J(3) 40.2488 A $ 69.36 516.6 D  
Common Shares 06/30/2005   J(3) 37.477 A $ 34.6885 516.6 D  
Common Shares 09/30/2005   J(3) 39.2163 A $ 33.15 516.6 D  
Common Shares 12/31/2005   U(3) 42.4489 A $ 30.6255 516.6 D  
Common Shares             15 I Custodian for children
Special Common Shares 05/13/2005   J(7) 15 A $ (7) 15 I Custodian for children
Common Shares             25.1 I By Trust
Special Common Shares 05/13/2005   J(7) 25.1 A $ (7) 25.1 I By Trust
Common Shares 12/31/2005(4)   J(4) 1.31 D $ (4) 467.69 I By 401K plan
Special Common Shares (7) 12/31/2005(4)   J(4)(7) 469.6 A $ (4) 469.6 I By 401K plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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 control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: 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
Option (Right to buy) $ 69.36 03/31/2005   J(3)   40.2488 03/31/2005 03/31/2005 Common Shares
40.2488
(3) 0
D
 
Option (Right to buy) $ 34.6885 06/30/2005   J(3)   37.477 06/30/2005 06/30/2005 Common Shares
37.477
(3) 0
D
 
Option (Right to buy) $ 33.15 09/30/2005   J(3)   39.2163 09/30/2005 09/30/2005 Common Shares
39.2163
(3) 0
D
 
Option (Right to buy) $ 30.6255 12/31/2005   J(3)   42.4489 12/31/2005 12/31/2005 Common Shares
42.4489
(3) 0
D
 
Option (Right to buy) $ 58.96 05/13/2005   J(7)(8) 4,400   12/15/1999 04/30/2009 Tandem Common and Special Common Shares
4,400
(8) 4,400
D
 
Option (Right to buy) $ 102.79 05/13/2005   J(7)(8) 4,000   12/15/2000 04/28/2010 Tandem Common and Special Common Shares
4,000
(8) 4,000
D
 
Option (Right to buy) $ 117.51 05/13/2005   J(7)(8) 7,160     (2) 09/16/2010 Tandem Common and Special Common Shares
7,160
(8) 7,160
D
 
Option (Right to buy) $ 99.44 05/13/2005   J(7)(8) 3,410   12/15/2001 04/30/2011 Tandem Common and Special Common Shares
3,410
(8) 3,410
D
 
Option (Right to buy) $ 59 05/13/2005   J(7)(8) 4,115   12/15/2002 07/05/2012 Tandem Common and Special Common Shares
4,115
(8) 4,115
D
 
Option (Right to buy) $ 66 05/13/2005   J(7)(8) 3,950   12/15/2004 05/08/2014 Tandem Common and Special Common Shares
3,950
(8) 3,950
D
 
Option (Right to Buy) $ 77.36 05/13/2005   J(7)(8) 4,476   12/15/2005 04/20/2015 Tandem Common and Special Common Shares
4,476
(8) 4,476
D
 
Restricted Stock Units   05/13/2005   J(7)(10) 992   12/15/2007   (9) Tandem Common and Special Common Shares
992
(10) 992
D
 
Series A Common Shares   12/31/2005   J(1) 60.8     (5)   (5) Common or Special Common Shares
24,522.7
(5) 24,522.7 (6)
I
By Voting Trust

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WERTZ BYRON A
30 N. LASALLE ST., STE. 4000
CHICAGO, IL 60602		       VP-Corp. Development  

Signatures

Julie D. Mathews, by power of atty 02/02/2006
**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) Voluntary reporting of shares acquired through dividend reinvestment in 2005.
(2) Granted under the TDS 1998 Long Term incentive plan. The option was exercisable with respect to 1790 common shares on 12/15/01, 12/15/02, 12/15/03 and on 12/15/04 for a total of 7160.
(3) Disposition of option and acquisition of shares under the TDS Employee Stock Purchase Plan.
(4) Voluntary reporting of shares acquired in 2005 in the TDS 401K. The information is based on a plan statement dated 12/31/05. The number of shares fluctuates and is attributable to the price of the shares on 12/31/05.
(5) Series A Common shares are convertible, on a share-for-share basis, into common or special common.
(6) Of these shares, 18,132.886 (of which 701.886 were earned pursuant to a dividend reinvestment plan) are held as custodian for children. Of the remaining shares held in a personal trust (348.117 were earned pursuant to a dividend reinvestment plan).
(7) On May 13 TDS authorized a special common dividend to holders of common shares in which one special common share was distributed for each common share. The stock dividend was distributed to all shareholders making this acquisition exempt from Section 16 pursuant to Rule 16a-9(a).
(8) Common shares were granted without consideration under the long term incentive plan. As a result of the special common stock 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.
(9) Restricted stock unit award pursuant to the 2004 Long-Term Incentive Plan. Stock units will become vested on December 15, 2007.
(10) Restricted stock units for common shares were granted without consideration under the long term incentive plan. As a result of the special common stock 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 award will be settled in the number of common shares originally subject to the award plus an equal number of special common shares.

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