Austin originally was going to have the 737 area code overlay beginning in 2001, but this action was postponed.
http://www.nanpa.com/pdf/pl-nanp-233.pdf
However, I recently found this document saying that Texas' 25th area code, 737, will begin use in 2011.
http://www.puc.state.tx.us/ocp/telep...acts/areac.pdf
The map below shows the 737 overlay on the existing 512 area code.
http://www.nanpa.com/pdf/pl-nanp-233.pdf
If you currently have a 512 area code your number will not change. However, all new phone lines in this area will receive the 737 area code. It will be possible for someone else living in Austin to have the same phone number as you, but with the 737 area code. For this reason, you will have to dial the area code for local calls.