Having both a Created and Last Updated timestamp columns in MySQL 4.0

From the MySQL 5.5 documentation:

One TIMESTAMP column in a table can have the current timestamp as the default value for initializing the column, as the auto-update value, or both. It is not possible to have the current timestamp be the default value for one column and the auto-update value for another column.

Changes in MySQL 5.6.5:

Previously, at most one TIMESTAMP column per table could be automatically initialized or updated to the current date and time. This restriction has been lifted. Any TIMESTAMP column definition can have any combination of DEFAULT CURRENT_TIMESTAMP and ON UPDATE CURRENT_TIMESTAMP clauses. In addition, these clauses now can be used with DATETIME column definitions. For more information, see Automatic Initialization and Updating for TIMESTAMP and DATETIME.

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