Form 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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	OMB APPROVAL
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1. Name and Address of Reporting Person* Davis, Robert E.	2. Issuer Name and Ticker or Trading Symbol Crescent Communications, Inc.   (CCES)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable)       _X_ Director                            ___ 10% Owner ___ Officer (give title below)   ___ Other (specify below)
(Last)             (First)            (Middle) PO Box 2955	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 12/11/2002
(Street) Victoria, Texas 77902		5. If Amendment, Date of Original (Month/Day/Year)	7. 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 Transactions (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 stock $.001 per share								213,910	D
common stock $.001 per share								463,400	I	Family members

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instructions 4(b)(v).
	Potential persons who are to 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.	(Over) SEC 1474 (9-02)

FORM 4 (continued)
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 Pref. Stk.

none

12/11/2002

J

5.983545

July 2001

none

common stock

1,400,000

See "J" below

Series A Pref. Stk.

none

12/11/2002

JJ

34.016455

July 2001

none

common stock

7,959,000

See "JJ" below

Series A Pref. Stk.

none

12/11/2002

JJ

34.016455

July 2001

none

common stock

7,959,000

See "JJ" below

34.016455

I

Madred Partners Ltd.

OPTIONS on Series A Pref. Stk.

See (2) below

12/11/2002

J

5.315098

Dec. 2002

Oct. 2007

common stock

1,243,600 See (1) below

See "J" below

5.315098 O

I

Madred Partners Ltd.

OPTIONS on Series A Pref. Stk.

See (2) below

12/11/2002

JJ

5.315098

Dec. 2002

Oct. 2007

common stock

1,243,600 See (1) below

See "JJ" below

Convertible Debt

$0.05 per share

12/11/2002

J

$173,525

Dec. 2002

none

common stock

3,470,500 shares

See "J" below

$173,525

I

Madred Partners Ltd.

Convertible Debt

$0.05 per share

12/11/2002

JJ

$173,525

Dec. 2002

none

common stock

3,470,500 shares

See "JJ" below

$173,525

Explanation of Responses:

J---Contractual Obligation
JJ---Transfer to/from related party
(1) Indirectly through Series A Preferred Stock
(2) Fair Market Value on 10-27-02

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	/s/ Robert E. Davis **Signature of Reporting Person	12/11/2002  Date
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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