X0201 4 2004-03-19 0 0001045425 RAIT INVESTMENT TRUST RAS 0001168758 SCHAEFFER SCOTT C/O RAIT PARTNERSHIP, L.P. 1818 MARKET ST., 28TH FL. PHILADELPHIA PA 19103 0 1 0 0 President & COO 7.75% Series A Cumulative Redeemable Preferred Shares 2004-03-19 4 P 0 10000.0000 24.5000 A 10000.0000 D /S/ Scott Schaeffer 2004-03-19