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                                                                  EXHIBIT 10.47


              CINGULAR WIRELESS EXECUTIVE FINANCIAL SERVICES PLAN


Purpose.

The purpose of the Cingular Wireless Executive Financial Services Plan (the
"Plan") is to provide Executives with 1) financial counseling services, 2)
income tax preparation services and 3) legal services for preparing estate
planning documents.

Definitions.

For purposes of this Plan, the following words and phrases shall have the
meanings indicated, unless the context clearly indicates otherwise:

"Board" shall mean the Board of Director of Cingular Wireless LLC.

"Company" shall mean Cingular Wireless LLC.

"CEO" shall mean the Chief Executive Officer of Cingular Wireless LLC.

"Executive" shall mean an employee of the Company who has been designated to
participate in the company's executive compensation and benefit programs and
determined by the CEO or his delegate as eligible to participate in this Plan.

"Retirement" shall mean the termination of an Executive's employment from the
Company after meeting one the following requirements (1) age 55 with at least
10 years of service, or (2) was contributed to the Company as part of the
formation of the Company and was "Service Pension Eligible" under either the
BellSouth or SBC pension plan as of the contribution date or (3) was
contributed to the Company as part of the formation of the Company and was
within 5 years of being "Service Pension Eligible" under either the BellSouth
or SBC pension plan as of the contribution date and retires from the Company
after meeting the parent company requirements for Service Pension Eligibility.

Eligibility.

Only Executives shall be eligible to participate in the Plan.

Services.

This Plan provides the following services within such expense limitations as
shall be established by Board and communicated to Executives.

         Financial Counseling Services

         (a)      A personal in-depth discussion (including spouse) with a
                  counselor to review personal financial data to explore
                  personal short-term and long-range goals.


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         (b)      Preparation of a written personal financial summary which
                  includes analysis and recommendations related to such things
                  as retirement, disability, income taxes, cash flow, debt,
                  investment, life insurance, estate planning and survivor's
                  financial security.

         (c)      Additional planning meetings with the counselor to discuss
                  recommendations and to establish an implementation strategy.

         (d)      Annual written financial summary update with special emphasis
                  on income taxes, cash flow and investment and investment
                  forecasts and recommendations.

         Income Tax Preparation Services

         Preparation of federal, state, local income/gift tax returns.

         Legal Services for Preparing Estate Planning Documents

         Preparation of a will/trust/health care declaration/durable power of
         attorney/other estate planning instruments for each Executive and
         his/her spouse.

Any expenses exceeding the limitations established by the Board shall be the
responsibility of and shall be paid by the Executive incurring such expenses.

Conditions.

The following shall apply with respect to the services provided under this
Plan:

(a)      The Plan shall not pay for any services that are attributable to the
         existence of any outside business in which either the Executive (or
         spouse) has an active financial interest or management interest.

(b)      Participation will cease effective with the date of termination except
         for terminations due to retirement, death, or disability. Executives
         (or their spouse) may continue to participate in the Program for the
         year following termination of employment due to Retirement, death, or
         disability (as determined by the CEO).

(c)      If an Executive desires specific portfolio management, a private
         arrangement must be established at the Executive's own expense.

(d)      Financial counseling services, tax return preparation and estate
         documentation services will be considered compensation. Cingular
         Wireless will compute a tax "gross up" which will be paid to offset
         income tax liabilities incurred as a result of receiving compensation
         under this Plan.

(e)      Any Executive may elect, at any time, drop out of the financial
         counseling services by


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         writing the Senior Vice President-Human Resources.

NOTE: INFORMATION FURNISHED BY THE PARTICIPANT TO THE COUNSELOR WILL BE
COMPLETELY CONFIDENTIAL. COUNSELOR WILL NOT FURNISH CINGULAR WIRELESS NOR
ANYONE ELSE (OTHER THAN THOSE EMPLOYED OR RETAINED BY THE COUNSELOR TO PERFORM
ITS DUTIES) WITH ANY INFORMATION AS TO PERSONAL FINANCIAL AFFAIRS, OBJECTIVES
OR PRIVATE OPINIONS OF THE PARTICIPANT.

Enrollment and Billing.

         Financial Counseling

         Executives will be encouraged to select from a list of suggested
         providers but may select any qualified vendor to receive financial
         counseling services. Suggested vendors will direct bill the Company.
         Other vendors will bill the Executive who will initial bill as correct
         and forward them to the Executive Compensation Group for payment up to
         the prescribed limit.

         Tax Return Preparation

         Executives may select any tax return preparer. An Executive who
         selects a different tax return preparer than his or her financial
         counselor will be billed directly by such tax return preparer for
         services rendered. Such Executives should initial bills received as
         correct and forward them to the Executive Compensation Group for
         payment up to the prescribed limit.

         Estate Planning Documents

         Eligible Employees may select an attorney of their choosing.
         Executives will be billed by the provider for services rendered to
         them. Executives should initial bills received as correct and forward
         them to the Executive Compensation Group for payment up to the
         prescribed limit.

Non-compete.

Notwithstanding any other provision of this Program, no services shall be
provided under this Program with respect to any Executive who shall engage in
activities that in the sole discretion of the Board is deems to be in
competition with the Company.

Amendments and Termination.

This Program may be modified or terminated at any time by the Board.