I have rage501 as my name currently, but I would like it to match my gamertag Phantum1 so that my clan in clan chat will know who i am. is this possible?
It's not I'm afraid. You could make a new account and unlink all your stuff from this account to move to that one. (I'd love to change my name, but cannot either).
Claire JeepChick | Forum Moderator: Modern Warfare, Black Ops, Ghosts
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It is as jeepchick said, you cannot change your username without creating a new account. However, please be aware that if you link your game account to a different Call of Duty account, you may lose some of your entitlements and clan placement.