X0202 4/A 2005-01-01 2005-01-05 0 0001156826 ARCHSTONE SMITH TRUST ASN 0001136856 HOLMES NED S 55 WAUGH DRIVE HOUSTON TX 77007 0 0 0 1 Trustee Common Shares of Beneficial Interest 2004-12-31 4 A 0 723 38.3 A 35900 D Common Shares of Beneficial Interest 2005-01-01 4 M 0 2860 38.3 A 38760 D Common Shares of Beneficial Interest 9554 I See footnote Dividend Equivalent Units 38.3 2005-01-01 4 A 0 1433 38.3 A 1988-08-08 1988-08-08 Common Shares 1433 4783 D Dividend Equivalent Units 38.3 2005-01-01 4 M 0 2860 38.3 D 1988-08-08 1988-08-08 Common Shares 2860 1923 D Trustee fees deferred into share units pursuant to Issuer's Deferred Compensation Plan. This is not an option exercise, instead it is an automatic conversion of Dividend Equivalent Units into vested ASN common stock. Direct total includes 11,900 units in Issuer's Deferred Compensation Plan and 6,000 Restricted Stock Units granted pursuant to Issuer's Equity Plan for Outside Trustees. Total indirect includes 4,000 shares in family limited partnership and 5,554 shares held in trust for children. Dividend Equivalent Units accure on certain option and Restricted Stock unit grants and vest at the same rate as the underlying grant. Upon settlement DEUs convert to shares of ASN common stock on a 1 to 1 basis, and their value is determined at that time. DEUs have no expiration date. This amendment is being filed to correct the end-of-period holdings on Table II Derivative Securities. Erin McMahon, Attorney-in-Fact on behalf of Ned S. Holmes 2005-01-18