<html>
<head>
<title>021803 S8 DOC</title>
</head>

<body bgcolor=white>
<font FACE="Times New Roman" SIZE="2">


<font size="2" color="FF0000"><B><p align="right">
As filed with the Securities and Exchange Commission on February 18, 2003<br>
                                               Registration No. 333- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</P></B></font>

<DIV align=left>
<HR align=left SIZE=2 width="100%">
</DIV>
<DIV align=left>
<HR align=left SIZE=2 width="100%">
</DIV>

<font size="3"><B><p align="center">
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</P></font></B>

<HR align=center SIZE=2 width="25%">
<br>
<font size="5"><B><p align="center">FORM S-8</B></center></font>


<font size="3"><B><p align="center">
                             REGISTRATION STATEMENT<br>
<I>                                    Under The Securities Act of 1933</I>
</B>

<HR align=center SIZE=2 width="25%">
<P ALIGN="CENTER"><IMG SRC="logo.gif">
<font size="5"><B><p align="center">
                          CENTILLIUM COMMUNICATIONS, INC.
</B></font><br>
<font size="2">
                    (Exact name of Registrant as specified in its charter)



<P>&nbsp;
<TABLE COLS=2 WIDTH="100%" >
<TR>
<TD>
<font size="3"><B>
<CENTER><u>Delaware</u></CENTER>
</font></B>
</TD>
<TD>
<font size="3"><B>
<CENTER><u>94-3263530</u></CENTER>
</font></B>
</TD>
</TR>
<TR>
<TD>
<font size="2">
<CENTER>&nbsp; (State or Other Jurisdiction of Incorporation or Organization)&nbsp;</CENTER>
</font>
</TD>
<TD>
<font size="2">
<CENTER>(I.R.S. Employer Identification Number)</CENTER>
</font>
</TD>
</TR>
</TABLE>
<BR>

<font size="3"><B><p align="center">
                             47211 Lakeview Boulevard<br>
                   <u> Fremont, California &nbsp;&nbsp;  94538
</U></B></font><br>

<font size="2">
       (Address of principal executive offices, including zip code)</P>

<HR align=center SIZE=2 width="25%">
<p align="center"><font size="3"><B>
                     1997 Stock Plan<br>
                  2000 Employee Stock Purchase Plan<br>
</B><font size="2">
                        (Full title of the plans)
</font></p>
<HR align=center SIZE=2 width="25%">
<br>
<p align="center"><font size="3"><B>
                                  Faraj Aalaei<br>
                             Chief Executive Officer<br>
                              47211 Lakeview Boulevard<br>
                              Fremont, California 94538<br>
                               (510) 771-3700<br>
</B><font size="2">
              (Name, address and telephone number, including
                        area code, of agent for service)
</font></p>
<p align="center"><font size="3"><B>
                                  Copies to:<br>
                                  Arthur F. Schneiderman<br>
                  Wilson Sonsini Goodrich &amp; Rosati<br>
                  Professional Corporation<br>
                  650 Page Mill Road<br>
                       Palo Alto, CA 94304<br>
                  (650) 493-9300</B>

<FONT SIZE=3><P>&#9;CALCULATION OF REGISTRATION FEE</P></FONT>
<TABLE BORDER CELLSPACING=2 BORDERCOLOR="#000000" CELLPADDING=9 WIDTH=720>
<TR><TD WIDTH="37%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Title of Each Class of<BR>
Securities to be Registered</B></FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount<BR>
to be<BR>
Registered (1)</B></FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Offering Price<BR>
Per Share</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Aggregate<BR>
Offering Price</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount of<BR>
Registration Fee</B></FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP"><DIR>

<FONT SIZE=1><P>Common stock, $0.001 par value, issuable under the 1997 Stock
Plan&#9;</DIR>
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">2,114,710</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">&#9;$ 3.3100  (2)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 6,999,690.10</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">&#9;$ 643.97</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP"><DIR>

<FONT SIZE=1><P>Common stock, $0.001 par value, issuable under the 2000 Employee
Stock Purchase Plan&#9;</DIR>
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">352,451</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">&#9;$ 2.8135  (3)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 991,620.89</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">&#9;$ 91.23</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP">
<B><FONT SIZE=1><P>Total</B>&#9;</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">2,467,161</B></FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">N/A</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 7,991,310.99</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 735.20</B></FONT></TD>
</TR>
</TABLE>
<DIR>

<FONT SIZE=1><P>(1)&#9;This Registration Statement shall also cover any
additional shares of Common Stock which become issuable by reason of any stock
dividend, stock split, recapitalization or other similar transaction effected
without the receipt of consideration which results in an increase in the number
of the outstanding shares of Common Stock.</P>

<FONT SIZE=1><P>(2)&#9;
With respect to the 2,114,710 shares of Common Stock to
be registered under the 1997 Stock Plan, the estimated Proposed Maximum Offering
Price Per Share was determined pursuant to Rule 457(h) to be the average of the
high and low price reported on the Nasdaq Stock Market on February 13, 2003,
which average was $3.31 per share.</P>

<FONT SIZE=1><P>(3)&#9;
                       With respect to the 352,451 shares of Common Stock to be
registered under the 2000 Employee Stock Purchase Plan, the estimated Proposed
Maximum Offering Price Per Share was determined pursuant to Rule 457(h) to be
equal to 85% (see explanation in following sentence) of the average of the high
and low price reported on the Nasdaq Stock Market on February 13, 2003, which
amount is equal to $2.8135 per share.  Pursuant to the Employee Stock Purchase
Plan, the Purchase Price of a share of Common Stock is equal to 85% of the Fair
Market Value of a share of Common Stock on the Enrollment Date or the Exercise
Date, whichever is lower.</P>

</DIR>



</FONT><B><FONT SIZE=3><P ALIGN="CENTER">PART II</P>
<P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P><DIR>
<DIR>
<DIR>

<P ALIGN="JUSTIFY">Explanatory Note:<U> </P></DIR>
</DIR>
</DIR>

</B></U><P>This Registration Statement is filed with respect to 2,114,710 and
352,451 shares of common stock of Centillium Communications, Inc. (the
&quot;Registrant&quot;) that may be issued under the Registrant's 1997 Stock
Plan and 2000 Employee Stock Purchase Plan, respectively, as a result of certain
automatic annual increases in the number of authorized shares for issuance under
such plans. </P>
<B><P ALIGN="JUSTIFY">Item 3.</B> <B>Incorporation of Documents by
Reference.</P>
</B><P>There are hereby incorporated by reference into this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the &quot;Commission&quot;) by Centillium
Communications, Inc. (the &quot;Registrant&quot;):</P>
<OL>

<OL>

<LI>The Registrant's Annual Report on Form 10-K for the year ended December 31,
2002, filed with the Commission on February 14, 2003</LI>
<LI>The Registrant's Proxy Statement for its 2002 Annual Meeting of Stockholders
filed with the Commission on April 29, 2002; and</LI>
<LI>The description of Registrant's Common Stock contained in the Registrant's
Registration Statement on Form 8-A, declared effective by the Commission on May
23, 2000. </LI></OL>
</OL>

<P>In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934 after the date of this
Registration Statement on Form&nbsp;S-8 and prior to the filing of a post-effective
 amendment that indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be part hereof
from the date of filing such documents.</P>
<B><P>Item 4. Description of Securities.</P>
</B><P>Not applicable.</P>
<B><P>Item 5. Interests of Named Experts and Counsel.</P>
</B><P>The validity of the common stock in this offering will be passed upon for
Centillium by Wilson Sonsini Goodrich &amp; Rosati, Professional Corporation,
Palo Alto, California.  Arthur F. Schneiderman, a member of Wilson Sonsini
Goodrich &amp; Rosati, is the Secretary of Centillium.</P>
<B><P>Item 6. Indemnification of Directors and Officers.</P>
</B><P>Section 145 of the Delaware General Corporation Law
permits a corporation to include in its charter documents, and in agreements
between the corporation and its directors and officers, provisions expanding the
scope of indemnification beyond that specifically provided by the current
law.</P>
<P>Article IX of the Registrant's Restated Certificate of
Incorporation provides for the indemnification of directors to the fullest
extent permissible under Delaware law.</P>
<P>Article VI of the Registrant's Bylaws provides for the
indemnification of officers, directors and third parties acting on behalf of the
Registrant if such person acted in good faith and in a manner reasonably
believed to be in and not opposed to the best interest of the Registrant, and,
in any criminal action or proceeding, the indemnified party had no reason to
believe his or her conduct was unlawful. </P>
<P>The Registrant has entered into indemnification agreements
with its directors and executive officers, in addition to indemnification
provided for in the Registrant's Bylaws, and intends to enter into
indemnification agreements with any new directors and executive officers in the
future.</P>
<B><P>Item 7. Exemption from Registration Claimed.</P>
</B><P>Not applicable.</P>
<B><P>Item 8.</B> <B>Exhibits.</P></B></FONT>
<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=588>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P> Exhibit<br>
                    <U>Number</B></U></FONT></TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<B><U><FONT SIZE=3><P ALIGN="CENTER">Exhibit</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT"> 5.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Opinion of Wilson Sonsini Goodrich&nbsp;&amp; Rosati,
Professional Corporation</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT"> 10.1</P>
</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Centillium Communications, Inc. Amended and Restated 1997 Stock
Plan (previously filed as an exhibit to Registrant's Form S-8 dated March 6,
2001 and incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">10.2</P>
<P ALIGN="RIGHT"></FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Centillium Communications, Inc. 2000 Employee Stock Purchase
Plan (previously filed as an exhibit to Registrant's Form S-8 dated March 6,
2001 and incorporated herein by reference)</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">23.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Consent of Ernst &amp; Young LLP, Independent
Auditors</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">23.2</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Consent of WSGR (included in Exhibit&nbsp;5.1)</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">24.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Power of Attorney (see signature page)</FONT></TD>
</TR>
</TABLE>
</P>

<B><FONT SIZE=3><P>Item 9. Undertakings</P>
</B><P>(a)&#9;The undersigned Registrant hereby undertakes:</P>
<P>(1)&#9;To file, during any period in which offers or sales
are being made, a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement.</P>
<P>(2)&#9;That, for the purpose of determining any liability
under the Securities Act of 1933, as amended (the "Securities Act"), each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P>(3)&#9;To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.</P>
<P>(b)&#9;The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of
the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act of 1934 that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</P>
<P>(c)&#9;Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable.  In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.</P>
<B><P ALIGN="CENTER">SIGNATURES</P>
</B><P>Pursuant to the requirements of the Securities Act of 1933, as amended,
the registrant has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Fremont,
State of California, on the 18th day of February, 2003.</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=625>
<TR><TD WIDTH="35%" VALIGN="MIDDLE">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="65%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Centillium Communications, Inc. </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="0%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="65%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="MIDDLE">
<FONT SIZE=2><P ALIGN="RIGHT">&nbsp;By:    </FONT></TD>
<TD WIDTH="65%" VALIGN="MIDDLE" COLSPAN=2>
<U><FONT SIZE=2><P>/s/ Faraj Aalaei  </U></FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="65%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Faraj Aalaei </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="MIDDLE">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="65%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Chief Executive Officer </FONT></TD>
</TR>
</TABLE>

<B><FONT SIZE=3><P ALIGN="CENTER"><A NAME="start_here"></A></P>
</B>
<B><P ALIGN="CENTER">POWER OF ATTORNEY</P>
</B><P>KNOW ALL PERSONS BY THESE PRESENTS, that each such person whose signature
appears below constitutes and appoints, jointly and severally, Faraj Aalei and
Darrel Slack his attorneys-in-fact, each with the power of substitution, for him
in any and all capacities, to sign any amendments to this Registration Statement
on Form&nbsp;S-8 (including post-effective amendments), and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Commission, hereby ratifying and confirming all that each of said attorneys-in-fact,
or his substitute or substitutes, may do or cause to be done by virtue
hereof.</P>
<P>Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=649>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>Signature</U></FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<U><FONT SIZE=2><P>Title</U></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<U><FONT SIZE=2><P>Date</U></FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Kamran Elahian </U><BR>
Kamran Elahian</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Chairman of the Board</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </P>
</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Faraj Aalaei </U><BR>
Faraj Aalaei </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Chief Executive Officer and Director (Principal Executive Officer)
</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Darrel Slack </U><BR>
Darrel Slack </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Vice President and Chief Financial Officer (Principal Financial and
Accounting Officer) </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Shahin Hedayat </U><BR>
Shahin Hedayat </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>President and Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Jere Drummond </U><BR>
Jere Drummond</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Irwin Federman </U><BR>
Irwin Federman<U> </U></FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Robert C. Hawk </U><BR>
Robert C. Hawk</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Lip-Bu Tan </U><BR>
Lip-Bu Tan </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2>
<P>February 18, 2003 </FONT></TD>
</TR>
</TABLE>

<FONT SIZE=3><P>&nbsp;</P>
<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">INDEX TO EXHIBITS</P>
</B><P></P></FONT>
<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=588>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=3><P>Exhibit<br>
                    <U>Number</B></U></FONT></TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<B><U><FONT SIZE=3><P ALIGN="CENTER">Exhibit</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT"> 5.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Opinion of Wilson Sonsini Goodrich&nbsp;&amp; Rosati,
Professional Corporation</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT"> 10.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Centillium Communications, Inc. Amended and Restated 1997 Stock
Plan</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">10.2</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Centillium Communications, Inc. 2000 Employee Stock Purchase
Plan</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">23.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Consent of Ernst &amp; Young LLP, Independent
Auditors</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">23.2</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Consent of WSGR (included in Exhibit&nbsp;5.1)</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="RIGHT">24.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Power of Attorney (see signature page)</FONT></TD>
</TR>
</TABLE>
</P>

<br>
<br>
<HR align=center SIZE=2 width="85%">
<br>
<br>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "description": "BODY", "secsgml_size_bytes": 21670}]
{"company-data": {"conformed-name": "CENTILLIUM COMMUNICATIONS INC", "cik": "0001107194", "assigned-sic": "3661", "irs-number": "943263530", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-103271", "film-number": "03571004"}, "business-address": {"street1": "47211 LAKEVIEW BLVD", "city": "FREMONT", "state": "CA", "zip": "94538", "phone": "5107713700"}, "mail-address": {"street1": "47211 LAKEVIEW BLVD", "city": "FREMONT", "state": "CA", "zip": "94538"}}
021803 S8 DOC
As filed with the Securities and Exchange Commission on February 18, 2003
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under The Securities Act of 1933
CENTILLIUM COMMUNICATIONS, INC.
(Exact name of Registrant as specified in its charter)
Delaware
94-3263530
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification Number)
47211 Lakeview Boulevard
Fremont, California     94538
(Address of principal executive offices, including zip code)
1997 Stock Plan
2000 Employee Stock Purchase Plan
(Full title of the plans)
Faraj Aalaei
Chief Executive Officer
47211 Lakeview Boulevard
Fremont, California 94538
(510) 771-3700
(Name, address and telephone number, including
                        area code, of agent for service)
Copies to:
Arthur F. Schneiderman
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304
(650) 493-9300
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount
to be
Registered (1)
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration Fee
Common stock, $0.001 par value, issuable under the 1997 Stock
Plan
2,114,710
$ 3.3100  (2)
$ 6,999,690.10
$ 643.97
Common stock, $0.001 par value, issuable under the 2000 Employee
Stock Purchase Plan
352,451
$ 2.8135  (3)
$ 991,620.89
$ 91.23
Total
2,467,161
N/A
$ 7,991,310.99
$ 735.20
(1)	This Registration Statement shall also cover any
additional shares of Common Stock which become issuable by reason of any stock
dividend, stock split, recapitalization or other similar transaction effected
without the receipt of consideration which results in an increase in the number
of the outstanding shares of Common Stock.
(2)	
With respect to the 2,114,710 shares of Common Stock to
be registered under the 1997 Stock Plan, the estimated Proposed Maximum Offering
Price Per Share was determined pursuant to Rule 457(h) to be the average of the
high and low price reported on the Nasdaq Stock Market on February 13, 2003,
which average was $3.31 per share.
(3)	
                       With respect to the 352,451 shares of Common Stock to be
registered under the 2000 Employee Stock Purchase Plan, the estimated Proposed
Maximum Offering Price Per Share was determined pursuant to Rule 457(h) to be
equal to 85% (see explanation in following sentence) of the average of the high
and low price reported on the Nasdaq Stock Market on February 13, 2003, which
amount is equal to $2.8135 per share.  Pursuant to the Employee Stock Purchase
Plan, the Purchase Price of a share of Common Stock is equal to 85% of the Fair
Market Value of a share of Common Stock on the Enrollment Date or the Exercise
Date, whichever is lower.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Explanatory Note:
This Registration Statement is filed with respect to 2,114,710 and
352,451 shares of common stock of Centillium Communications, Inc. (the
"Registrant") that may be issued under the Registrant's 1997 Stock
Plan and 2000 Employee Stock Purchase Plan, respectively, as a result of certain
automatic annual increases in the number of authorized shares for issuance under
such plans.
Item 3.
Incorporation of Documents by
Reference.
There are hereby incorporated by reference into this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the "Commission") by Centillium
Communications, Inc. (the "Registrant"):
The Registrant's Annual Report on Form 10-K for the year ended December 31,
2002, filed with the Commission on February 14, 2003
The Registrant's Proxy Statement for its 2002 Annual Meeting of Stockholders
filed with the Commission on April 29, 2002; and
The description of Registrant's Common Stock contained in the Registrant's
Registration Statement on Form 8-A, declared effective by the Commission on May
23, 2000.
In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934 after the date of this
Registration Statement on Form S-8 and prior to the filing of a post-effective
 amendment that indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be part hereof
from the date of filing such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The validity of the common stock in this offering will be passed upon for
Centillium by Wilson Sonsini Goodrich & Rosati, Professional Corporation,
Palo Alto, California.  Arthur F. Schneiderman, a member of Wilson Sonsini
Goodrich & Rosati, is the Secretary of Centillium.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law
permits a corporation to include in its charter documents, and in agreements
between the corporation and its directors and officers, provisions expanding the
scope of indemnification beyond that specifically provided by the current
law.
Article IX of the Registrant's Restated Certificate of
Incorporation provides for the indemnification of directors to the fullest
extent permissible under Delaware law.
Article VI of the Registrant's Bylaws provides for the
indemnification of officers, directors and third parties acting on behalf of the
Registrant if such person acted in good faith and in a manner reasonably
believed to be in and not opposed to the best interest of the Registrant, and,
in any criminal action or proceeding, the indemnified party had no reason to
believe his or her conduct was unlawful.
The Registrant has entered into indemnification agreements
with its directors and executive officers, in addition to indemnification
provided for in the Registrant's Bylaws, and intends to enter into
indemnification agreements with any new directors and executive officers in the
future.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
Exhibit
Number
Exhibit
5.1
Opinion of Wilson Sonsini Goodrich & Rosati,
Professional Corporation
10.1
Centillium Communications, Inc. Amended and Restated 1997 Stock
Plan (previously filed as an exhibit to Registrant's Form S-8 dated March 6,
2001 and incorporated herein by reference)
10.2
Centillium Communications, Inc. 2000 Employee Stock Purchase
Plan (previously filed as an exhibit to Registrant's Form S-8 dated March 6,
2001 and incorporated herein by reference)
23.1
Consent of Ernst & Young LLP, Independent
Auditors
23.2
Consent of WSGR (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)
Item 9. Undertakings
(a)	The undersigned Registrant hereby undertakes:
(1)	To file, during any period in which offers or sales
are being made, a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement.
(2)	That, for the purpose of determining any liability
under the Securities Act of 1933, as amended (the "Securities Act"), each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(3)	To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.
(b)	The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of
the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act of 1934 that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(c)	Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable.  In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the registrant has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Fremont,
State of California, on the 18th day of February, 2003.
Centillium Communications, Inc.
By:
/s/ Faraj Aalaei
Faraj Aalaei
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each such person whose signature
appears below constitutes and appoints, jointly and severally, Faraj Aalei and
Darrel Slack his attorneys-in-fact, each with the power of substitution, for him
in any and all capacities, to sign any amendments to this Registration Statement
on Form S-8 (including post-effective amendments), and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Commission, hereby ratifying and confirming all that each of said attorneys-in-fact,
or his substitute or substitutes, may do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
Signature
Title
Date
/s/ Kamran Elahian
Kamran Elahian
Chairman of the Board
February 18, 2003
/s/ Faraj Aalaei
Faraj Aalaei
Chief Executive Officer and Director (Principal Executive Officer)
February 18, 2003
/s/ Darrel Slack
Darrel Slack
Vice President and Chief Financial Officer (Principal Financial and
Accounting Officer)
February 18, 2003
/s/ Shahin Hedayat
Shahin Hedayat
President and Director
February 18, 2003
/s/ Jere Drummond
Jere Drummond
Director
February 18, 2003
/s/ Irwin Federman
Irwin Federman
Director
February 18, 2003
/s/ Robert C. Hawk
Robert C. Hawk
Director
February 18, 2003
/s/ Lip-Bu Tan
Lip-Bu Tan
Director
February 18, 2003
INDEX TO EXHIBITS
Exhibit
Number
Exhibit
5.1
Opinion of Wilson Sonsini Goodrich & Rosati,
Professional Corporation
10.1
Centillium Communications, Inc. Amended and Restated 1997 Stock
Plan
10.2
Centillium Communications, Inc. 2000 Employee Stock Purchase
Plan
23.1
Consent of Ernst & Young LLP, Independent
Auditors
23.2
Consent of WSGR (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)