Lumen Technologies, Inc. — Director's Dealing 2004

Jan 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2004-01-08

Reporting Person: PERRY HARVEY P (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-08	Common Stock	M	5207.4	—	Acquired	52285.34	Direct
2004-01-08	Common Stock	D	5207.4	$32.62	Disposed	47077.94	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-08	Phantom Stock Units	$0.00	M	5207.4	Disposed		Common Stock (5207.40)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2837.16	Indirect
Common Stock	0.00	Indirect
Common Stock	0.00	Indirect
Common Stock	0.00	Indirect
Common Stock	0.00	Indirect

Footnotes

F1: As of most recent statement available

F2: As of December 31, 2002, the most recent statement available.

F3: As of December 31, 2002, the most recent statement available.

F4: As of December 31, 2002, the most recent statement available.

F5: Paid out following the reporting person's termination of employment.

F6: Security converts on a 1-to-1 basis.