X0201 4 2004-03-19 0 0001045425 RAIT INVESTMENT TRUST RAS 0001265902 KIM S KRISTIN C/O RAIT PARTNERSHIP, L.P. 1818 MARKET ST., 28TH FL. PHILADELPHIA PA 19103 0 0 0 1 Trustee 7.75% Series A Cumulative Redeemable Preferred Shares 2004-03-19 4 P 0 2000.0000 24.5000 A 2000.0000 I By mother The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. /S/ S. Kristin Kim 2004-03-19