DES MOINES, Iowa (CNN) -- Mike Huckabee will win the Iowa Republican caucus, CNN projects, based on early results.

With 15 percent of precincts reporting, Huckabee had the support of 36 percent of voters, compared to 23 percent for Mitt Romney. Fred Thompson had 15 percent and John McCain had 12.

On the Democratic side, early results show John Edwards with a narrow lead over rivals Hillary Clinton and Barack Obama.

With 23 percent of precincts reporting, Edwards had the support of 33 percent of voters, compared to 32 percent each for Clinton and Obama. Bill Richardson had 2 percent of the vote.

Polls taken as Iowans entered the first-in-the-nation caucuses show a tight race for both parties.

The first wave of entrance polling shows Romney and Huckabee leading the GOP side. On the Democratic side, Clinton is holding a narrow edge over Obama and Edwards, according to CNN analysis of entrance polls.

READ MORE: http://www.cnn.com/2008/POLITICS/01/03/iowa.caucuses/index.html

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