SCHEDULE 13G


                                (Rule 13d-102)

 Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
         and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*



                     Clear Channel Outdoor Holdings, Inc.
--------------------------------------------------------------------------------
                               (Name of Issuer)

                             Class A Common Stock
--------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                   18451C109
                                 --------------
                                 (CUSIP Number)

                                 June 30, 2006
--------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
  initial filing on this form with respect to the subject class of securities,
  and for any subsequent amendment containing information which would alter the
  disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

                              Page 1 of 13 pages



CUSIP No. 18451C109                 13G                   Page 2 of 13 Pages

----------------------------------------------------------------------------
 1  NAME OF REPORTING PERSON /
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Artisan Partners Limited Partnership

----------------------------------------------------------------------------
 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
    (a) [ ]
    (b) [ ]

          Not Applicable

----------------------------------------------------------------------------
 3  SEC USE ONLY

----------------------------------------------------------------------------
 4  CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware

-------------------------------------------------------------------------------
              5  SOLE VOTING POWER

                     None

             -----------------------------------------------------------------
 NUMBER OF    6  SHARED VOTING POWER
   SHARES
BENEFICIALLY         3,699,800
  OWNED BY
    EACH     -----------------------------------------------------------------
 REPORTING    7  SOLE DISPOSITIVE POWER
   PERSON
    WITH             None

             -----------------------------------------------------------------
              8  SHARED DISPOSITIVE POWER

                     3,699,800

-------------------------------------------------------------------------------
 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          3,699,800

-------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see Instructions)

          Not Applicable

-------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.5%

-------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (see Instructions)

          IA

-------------------------------------------------------------------------------

                                 Page 2 of 13



CUSIP No. 18451C109                 13G                   Page 3 of 13 Pages

----------------------------------------------------------------------------
 1  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Artisan Investment Corporation

----------------------------------------------------------------------------
 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
    (a) [ ]
    (b) [ ]

          Not Applicable

----------------------------------------------------------------------------
 3  SEC USE ONLY

----------------------------------------------------------------------------
 4  CITIZENSHIP OR PLACE OF ORGANIZATION

          Wisconsin

-------------------------------------------------------------------------------
              5  SOLE VOTING POWER

                     None

             -----------------------------------------------------------------
 NUMBER OF    6  SHARED VOTING POWER
   SHARES
BENEFICIALLY         3,699,800
  OWNED BY
    EACH     -----------------------------------------------------------------
 REPORTING    7  SOLE DISPOSITIVE POWER
   PERSON
    WITH             None

             -----------------------------------------------------------------
              8  SHARED DISPOSITIVE POWER

                     3,699,800

-------------------------------------------------------------------------------
 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          3,699,800

-------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see Instructions)

          Not Applicable

-------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.5%

-------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (see Instructions)

          CO

-------------------------------------------------------------------------------

                                 Page 3 of 13



CUSIP No. 18451C109                 13G                   Page 4 of 13 Pages

----------------------------------------------------------------------------
 1  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Andrew A. Ziegler

----------------------------------------------------------------------------
 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
    (a) [ ]
    (b) [ ]

          Not Applicable

----------------------------------------------------------------------------
 3  SEC USE ONLY

----------------------------------------------------------------------------
 4  CITIZENSHIP OR PLACE OF ORGANIZATION

          U.S.A.

-------------------------------------------------------------------------------
              5  SOLE VOTING POWER

                     None

             -----------------------------------------------------------------
 NUMBER OF    6  SHARED VOTING POWER
   SHARES
BENEFICIALLY         3,699,800
  OWNED BY
    EACH     -----------------------------------------------------------------
 REPORTING    7  SOLE DISPOSITIVE POWER
   PERSON
    WITH             None

             -----------------------------------------------------------------
              8  SHARED DISPOSITIVE POWER

                     3,699,800

-------------------------------------------------------------------------------
 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          3,699,800

-------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see Instructions)

          Not Applicable

-------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.5%

-------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (see Instructions)

          IN

-------------------------------------------------------------------------------

                                 Page 4 of 13



CUSIP No. 18451C109                 13G                   Page 5 of 13 Pages

----------------------------------------------------------------------------
 1  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Carlene Murphy Ziegler

----------------------------------------------------------------------------
 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
    (a) [ ]
    (b) [ ]

          Not Applicable

----------------------------------------------------------------------------
 3  SEC USE ONLY

----------------------------------------------------------------------------
 4  CITIZENSHIP OR PLACE OF ORGANIZATION

          U.S.A.

-------------------------------------------------------------------------------
              5  SOLE VOTING POWER

                     None

             -----------------------------------------------------------------
 NUMBER OF    6  SHARED VOTING POWER
   SHARES
BENEFICIALLY         3,699,800
  OWNED BY
    EACH     -----------------------------------------------------------------
 REPORTING    7  SOLE DISPOSITIVE POWER
   PERSON
    WITH             None

             -----------------------------------------------------------------
              8  SHARED DISPOSITIVE POWER

                     3,699,800

-------------------------------------------------------------------------------
 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          3,699,800

-------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see Instructions)

          Not Applicable

-------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.5%

-------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (see Instructions)

          IN

-------------------------------------------------------------------------------

                                 Page 5 of 13



CUSIP No. 18451C109                 13G                   Page 6 of 13 Pages

----------------------------------------------------------------------------
 1  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Artisan Funds, Inc.

----------------------------------------------------------------------------
 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions)
    (a) [ ]
    (b) [ ]

          Not Applicable

----------------------------------------------------------------------------
 3  SEC USE ONLY

----------------------------------------------------------------------------
 4  CITIZENSHIP OR PLACE OF ORGANIZATION

          Wisconsin

-------------------------------------------------------------------------------
              5  SOLE VOTING POWER

                     None

             -----------------------------------------------------------------
 NUMBER OF    6  SHARED VOTING POWER
   SHARES
BENEFICIALLY         1,916,500
  OWNED BY
    EACH     -----------------------------------------------------------------
 REPORTING    7  SOLE DISPOSITIVE POWER
   PERSON
    WITH             None

             -----------------------------------------------------------------
              8  SHARED DISPOSITIVE POWER

                     1,916,500

-------------------------------------------------------------------------------
 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,916,500

-------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    (see Instructions)

          Not Applicable

-------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          5.4%

-------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON (see Instructions)

          CO

-------------------------------------------------------------------------------

                                 Page 6 of 13



Item 1(a) Name of Issuer:

               Clear Channel Outdoor Holdings, Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

               200 East Basse Road
               San Antonio, Texas 78209

Item 2(a) Name of Person Filing:

               Artisan Partners Limited Partnership ("Artisan Partners")
               Artisan Investment Corporation, the general partner of
                  Artisan Partners ("Artisan Corp.")
               Andrew A. Ziegler
               Carlene Murphy Ziegler
               Artisan Funds, Inc. ("Artisan Funds")

Item 2(b) Address of Principal Business Office:

               Artisan Partners, Artisan Corp., Mr. Ziegler, Ms. Ziegler
               and Artisan Funds are all located at:

               875 East Wisconsin Avenue, Suite 800
               Milwaukee, WI 53202

Item 2(c) Citizenship:

               Artisan Partners is a Delaware limited partnership
               Artisan Corp. is a Wisconsin corporation
               Mr. Ziegler and Ms. Ziegler are U.S. citizens
               Artisan Funds is a Wisconsin corporation

Item 2(d) Title of Class of Securities:

               Class A Common Stock

Item 2(e) CUSIP Number:

               18451C109

Item 3    Type of Person:

               (d) Artisan Funds is an Investment Company under section 8
               of the Investment Company Act.

               (e) Artisan Partners is an investment adviser registered
               under section 203 of the Investment Advisers Act of 1940;
               Artisan Corp. is the General Partner of Artisan Partners;
               Mr. Ziegler and Ms. Ziegler are the principal stockholders
               of Artisan Corp.

                                 Page 7 of 13



Item 4  Ownership (at June 30, 2006):

        (a) Amount owned "beneficially" within the meaning of rule 13d-3:

            3,699,800

        (b) Percent of class:

            10.5% (based on 35,241,688 shares outstanding as of May 10, 2006)

        (c) Number of shares as to which such person has:

            (i)   sole power to vote or to direct the vote: None
            (ii)  shared power to vote or to direct the vote: 3,699,800
            (iii) sole power to dispose or to direct the disposition of: None
            (iv)  shared power to dispose or to direct disposition of:
                  3,699,800

Item 5  Ownership of Five Percent or Less of a Class:

            Not Applicable

Item 6  Ownership of More than Five Percent on Behalf of Another Person:

            The shares reported herein have been acquired on behalf of
            discretionaryclients of Artisan Partners; as reported herein,
            Artisan Partners holds 3,699,800 shares, including 1,916,500
            shares on behalf of Artisan Funds. Persons other than Artisan
            Partners are entitled to receive all dividendsfrom, and proceeds
            from the sale of, those shares.

Item 7  Identification and Classification of the Subsidiary Which Acquired
        the SecurityBeing Reported on by the Parent Holding Company or
        Control Person:

            Not Applicable

Item 8  Identification and Classification of Members of the Group:

            Not Applicable

Item 9  Notice of Dissolution of Group:

            Not Applicable

Item 10 Certification:

            By signing below I certify that, to the best of my knowledge and
            belief,the securities referred to above were acquired and are
            held in the ordinary course of business and were not acquired and
            are not held for the purpose of or with the effect of changing or
            influencing the control of the issuer of the securities and were
            not acquired and are not held in connection with or as a
            participant in any transaction having that purpose or effect.

                                 Page 8 of 13



                                   Signature

   After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Date: July 6, 2006

                                ARTISAN INVESTMENT CORPORATION
                                for itself and as general partner of
                                ARTISAN PARTNERS LIMITED PARTNERSHIP

                                By:  Lawrence A. Totsky*
                                     -------------------------------------------

                                ANDREW A. ZIEGLER

                                Andrew A. Ziegler*
                                ------------------------------------------------

                                CARLENE MURPHY ZIEGLER

                                Carlene Murphy Ziegler*
                                ------------------------------------------------

                                ARTISAN FUNDS, INC.

                                By:  Lawrence A. Totsky*
                                     -------------------------------------------

                                *By: /s/ Lawrence A. Totsky
                                     -------------------------------------------
                                     Lawrence A. Totsky
                                     Chief Financial Officer of Artisan
                                     Investment Corporation
                                     Attorney-in-Fact for Andrew A. Ziegler
                                     Attorney-in-Fact for Carlene Murphy Ziegler
                                     Chief Financial Officer and
                                     Treasurer of Artisan Funds, Inc.

                                 Page 9 of 13



                                 Exhibit Index

Exhibit 1      Joint Filing Agreement dated as of July 6, 2006 by and among
               Artisan Partners Limited Partnership, Artisan Investment
               Corporation, Andrew A. Ziegler, Carlene Murphy Ziegler, and
               Artisan Funds, Inc.

Exhibit 2      Power of Attorney of Andrew A. Ziegler dated as of April 2,
               2002

Exhibit 3      Power of Attorney of Carlene M. Ziegler dated as of April 2,
               2002

                                 Page 10 of 13



                                                                      EXHIBIT 1

                            JOINT FILING AGREEMENT

   The undersigned hereby agree to the joint filing of the Schedule 13G to
which this Agreement is attached.

          Dated: July 6, 2006

                                ARTISAN INVESTMENT CORPORATION
                                for itself and as general partner of
                                ARTISAN PARTNERS LIMITED PARTNERSHIP

                                By:  Lawrence A. Totsky*
                                     -------------------------------------------

                                ANDREW A. ZIEGLER

                                Andrew A. Ziegler*
                                ------------------------------------------------

                                CARLENE MURPHY ZIEGLER

                                Carlene Murphy Ziegler*
                                ------------------------------------------------

                                ARTISAN FUNDS, INC.

                                By:  Lawrence A. Totsky*
                                     -------------------------------------------

                                *By: /s/ Lawrence A. Totsky
                                     -------------------------------------------
                                     Lawrence A. Totsky
                                     Chief Financial Officer of Artisan
                                     Investment Corporation
                                     Attorney-in-Fact for Andrew A. Ziegler
                                     Attorney-in-Fact for Carlene Murphy Ziegler
                                     Chief Financial Officer and
                                     Treasurer of Artisan Funds, Inc.

                                 Page 11 of 13



                                                                      EXHIBIT 2

                               POWER OF ATTORNEY

   The undersigned, Andrew A. Ziegler, hereby appoints Lawrence A. Totsky,
Janet D. Olsen, and Gregory K. Ramirez, and each of them individually, his true
and lawful attorney-in-fact and agent, with full power to execute and file with
the United States Securities and Exchange Commission and any stock exchange or
similar authority, for and on his behalf in any and all capacities, any and all
reports required to be filed pursuant to Section 13 of the Securities Exchange
Act of 1934 and the rules thereunder, including but not limited to reports on
Schedule 13D or 13G, any and all amendments to such reports, with all exhibits,
and any other forms or documents as may be necessary in connection with the
filing of such reports with the United States Securities and Exchange
Commission and any stock exchange or similar authority, granting unto said
attorney full power and authority to do and perform any and all acts for and on
behalf of the undersigned which may be necessary or desirable to complete, as
fully as the undersigned might or could do in person.

   This Power of Attorney shall remain in full force and effect until revoked
by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact and agents.

   IN WITNESS WHEREOF the undersigned has caused this Power of Attorney to be
executed this 2nd day of April, 2002.

                                                  /s/ Andrew A. Ziegler
                                                  -----------------------------
                                                  Andrew A. Ziegler

STATE OF WISCONSIN  )
                    ) SS.
COUNTY OF MILWAUKEE )

   I, Marie V. Glowacki, a Notary Public in and for the County of Milwaukee,
State of Wisconsin, DO HEREBY CERTIFY that Andrew A. Ziegler, who is personally
known to me to be the same person whose name is subscribed to the foregoing
instrument, appeared before me this day in person and acknowledged that he
signed and delivered the said instrument as his own free and voluntary act, for
the uses and purposes therein set forth.

   Given under my hand and notarial seal, this 2 day of April, 2002.

                                                  /s/ Marie V. Glowacki
                                                  -----------------------------
                                                  Notary Public

                                 Page 12 of 13



                                                                      EXHIBIT 3

                               POWER OF ATTORNEY

   The undersigned, Carlene Murphy Ziegler, hereby appoints Lawrence A. Totsky,
Janet D. Olsen, and Gregory K. Ramirez, and each of them individually, her true
and lawful attorney-in-fact and agent, with full power to execute and file with
the United States Securities and Exchange Commission and any stock exchange or
similar authority, for and on her behalf in any and all capacities, any and all
reports required to be filed pursuant to Section 13 of the Securities Exchange
Act of 1934 and the rules thereunder, including but not limited to reports on
Schedule 13D or 13G, any and all amendments to such reports, with all exhibits,
and any other forms or documents as may be necessary in connection with the
filing of such reports with the United States Securities and Exchange
Commission and any stock exchange or similar authority, granting unto said
attorney full power and authority to do and perform any and all acts for and on
behalf of the undersigned which may be necessary or desirable to complete, as
fully as the undersigned might or could do in person.

   This Power of Attorney shall remain in full force and effect until revoked
by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact and agents.

   IN WITNESS WHEREOF the undersigned has caused this Power of Attorney to be
executed this 2 day of April, 2002.

                                                  /s/ Carlene Murphy Ziegler
                                                  -----------------------------
                                                  Carlene Murphy Ziegler

STATE OF WISCONSIN  )
                    ) SS.
COUNTY OF MILWAUKEE )

   I, Kim R. Ruffert, a Notary Public in and for the County of Milwaukee, State
of Wisconsin, DO HEREBY CERTIFY that Carlene Murphy Ziegler, who is personally
known to me to be the same person whose name is subscribed to the foregoing
instrument, appeared before me this day in person and acknowledged that she
signed and delivered the said instrument as her own free and voluntary act, for
the uses and purposes therein set forth.

   Given under my hand and notarial seal, this 2 day of April, 2002.

                                                  /s/ Kim R. Ruffert
                                                  -----------------------------
                                                  Notary Public

                                 Page 13 of 13