UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D.C., 20549
 
                                    Form 8-K
 
                                 Current Report
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
          Date Of Report (Date Of Earliest Event Reported): May 3, 2005
 
                        American Campus Communities, Inc.
             (Exact Name of Registrant as Specified in its Charter)
 
                        Commission File Number: 001-32265
 
              MD                                                 760753089
(State or Other Jurisdiction Of                               (I.R.S. Employer
Incorporation or Organization)                              Identification No.)
 
                         805 Las Cimas Parkway Suite 400
                                Austin, TX 78746
          (Address of Principal Executive Offices, Including Zip Code)
 
                                  512-732-1000
              (Registrant's Telephone Number, Including Area Code)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ]   Written communications pursuant to Rule 425 under the Securities Act 
       (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
       (17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the 
       Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the 
       Exchange Act(17CFR240.13e-4(c))



                       Items to be Included in this Report

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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION


     On May 3, 2005, American Campus Communities, Inc. issued a press release
announcing earnings for the quarter ended March 31, 2005. The text of the press
release is included as Exhibit 99.1 to this Current Report and is incorporated
herein by reference.

     The press release is furnished pursuant to Item 2.02 and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act"), or subject to the liabilities of that Section. The
information in this Current Report shall not be incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.


ITEM 7.01 REGULATION FD DISCLOSURE

     On May 3, 2005, we disclosed a supplemental analyst package in connection
with our earnings conference call for the quarter ended March 31, 2005, which
took place on May 4, 2005. A copy of the supplemental analyst package is
attached hereto as Exhibit 99.2 and the full call script is attached hereto as
Exhibit 99.3.

     The supplemental analyst package and call script are furnished pursuant to
Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 (the "Exchange Act"), or subject to the
liabilities of that Section. The information in this Current Report shall not be
incorporated by reference in any filing under the Securities Act of 1933 or the
Exchange Act, except as shall be expressly set forth by specific reference in
such filing.



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                                  Signature(s)

      Pursuant to the Requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
Undersigned hereunto duly authorized.


                                           American Campus Communities, Inc.


                                       By: /s/    Mark J. Hager
Date: May 9, 2005.                         -------------------------------------
                                                  Mark J. Hager
                                           Executive Vice President, Chief
                                           Financial and Accounting Officer
                                           and Treasurer

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                                  Exhibit Index

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.           Description
------------------    ----------------------------------------------------------
EX-99.1               Press Release Dated May 3, 2005
EX-99.2               Supplemental Analyst Package - First Quarter 2005
EX-99.3               Transcript of First Quarter 2005 Earnings Call