8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 11, 2006

ARCHSTONE-SMITH TRUST

(Exact name of registrant as specified in charter)

Maryland
(State or other jurisdiction
of Incorporation) 1-16755
(Commission File Number) 84-1592064
(I.R.S. Employer Identification
No.)

9200 E. Panorama Circle, Suite 400, Englewood, Colorado	80112
(Address of Principal Executive Offices)	(Zip Code)

(Registrant’s Telephone Number, including Area Code): (303) 708-5959

N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE

     On April 11, 2006, Archstone-Smith Trust (“Archstone-Smith”) provided the presentation attached to this report as Exhibit 99.1 as part of Merrill Lynch’s Boston Property Tour.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Exhibits.

Exhibit 99.1 Presentation

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Trust has duly caused this report to be filed on its behalf by the undersigned thereunto duly authorized.

	ARCHSTONE-SMITH TRUST
	By:	/s/ Thomas S. Reif
Dated: April 11, 2006		Name:	Thomas S. Reif
		Title:	Group Vice President and Assistant General Counsel

EXHIBIT INDEX

Exhibit Number	Description
Exhibit 99.1	Presentation

EX-99.1

BOSTON, MASSACHUSETTS PROPERTY TOUR April 2006 April 2006

ARCHSTONE-SMITH'S BOSTON PORTFOLIO 1. Archstone 2000 Commonwealth 2. Archstone Bear Hill 3. Archstone Boston Common 4. Archstone Burlington 5. Archstone Canton 6. Archstone Cronin's Landing 7. Archstone Kendall Square 8. Archstone Park Place 9. Archstone Quincy 10. Archstone Reading 11. Archstone Waltham 12. Archstone Watertown Square 13. North Pointe Place I 14. Oakwood Boston 2 5 9 7 1 6 4 8 13 10 11 12 3 14

COMMUNITY INFORMATION Total units: 188 Average unit size: 877 sq. ft. Acquisition date: Q4/97 LOCATION Archstone 2000 Commonwealth is located in one of Boston's most picturesque settings, overlooking the parkland that surrounds the Chestnut Hill Reservoir. It's convenient to an exciting array of shops, restaurants and services, and Boston's T is located directly across the street for easy commuting. ARCHSTONE 2000 COMMONWEALTH | 2000 Commonwealth Ave, Brighton FEATURES AND AMENITIES Patio/balcony • Walk-in closets • Premium cabinetry • 24-hour doorman/concierge • Fitness center • Sauna • Controlled access parking garage • Dry cleaning service • T-stop across the street 1

COMMUNITY INFORMATION Total units: 324 Average unit size: 1,208 sq. ft. Acquisition date: Q1/00 LOCATION Located in Western Waltham on 62 wooded hillside acres, Archstone Bear Hill overlooks the rolling countryside and spectacular estates of neighboring Weston. Less than a mile from Route 128, the community is only a 12 minute drive to downtown Boston. Commuter rail and MBTA bus lines are also nearby. ARCHSTONE BEAR HILL | 1449 Main Street, Waltham FEATURES AND AMENITIES Baths with dual vanities • Bay windows • Walk-in closets • Full-size washer/dryer • Ceiling fans • Crown molding • Intrusion alarm • Patio/balcony • Fitness center • Controlled access entry • Heated resort-style pool • Business center • Clubroom • Individual garages 2

COMMUNITY INFORMATION(1) Total units: 420 Average unit size: 870 sq. ft. Expected stabilization date: Q4/07 LOCATION Archstone Boston Common is in the heart of Boston, situated perfectly between the Theatre District and the Financial District. It's an apartment community that brings the best of city living to your doorstep. Great apartments, great service and the amenities you deserve - with plenty of great restaurants and entertainment. ARCHSTONE BOSTON COMMON | 660 Washington Street, Boston FEATURES AND AMENITIES Hardwood floors • Gas fireplaces • Private balconies • Granite countertops • Stainless steel appliances • Tile floors • Walk-in showers • Washer/dryer • High ceilings • 24-hour attended front desk • Indoor heated pool • Fitness center/aerobics studio • Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Massage room • Club Suite • Conference room Asset is currently under construction. 3

COMMUNITY INFORMATION Total units: 312 Average unit size: 1,011 sq. ft. Acquisition date: Q2/99 LOCATION Archstone Burlington offers spacious apartments featuring distinctive architectural details. Private balconies and terraces allow residents to enjoy the view of 30 acres of lush landscape and rolling hillsides. A wide range of specialty shops and major stores are just down the road, as well as a host of fine dining options. Nearby Route 93, Route 128 (I-95) and Route 3 put the bright lights of Boston just a short drive away. ARCHSTONE BURLINGTON | One Arboretum Way, Burlington FEATURES AND AMENITIES Bay windows • Washer/dryer • Vaulted ceilings • Patio/balcony • Disability access • Biking/jogging trails • Outdoor pool/sundeck • Barbeque/picnic area • Clubhouse 4

COMMUNITY INFORMATION Total units: 243 Average unit size: 1,152 sq. ft. Acquisition date: Q2/00 LOCATION Archstone Canton offers 20 acres of untouched woodlands with natural paths for walking and jogging adjacent to Bolivar Pond. Elegant one and two bedroom apartment homes offer custom features and spacious living. Archstone Canton is conveniently located close to I-93 and I-128/95 and with the commuter rail one mile away, you are only 20 minutes from Boston's business centers, entertainment and shopping. ARCHSTONE CANTON | 367 Bolivar Street, Canton FEATURES AND AMENITIES Patio/balcony • Abundant closet space • Fitness center • Pool • Tennis court • Walking/jogging paths 5

COMMUNITY INFORMATION Total units: 281 Average unit size: 1,063 sq. ft. Acquisition date: Q3/98 LOCATION Life at Archstone Cronin's Landing starts with the Charles River. You can kayak down to Boston - or go it on foot, following the tree-lined river walk all the way to Cambridge. Your toughest decision will be to decide between the spectacular view of the river or the panoramic view of the Boston skyline. ARCHSTONE CRONIN'S LANDING | 25 Crescent Street, Waltham FEATURES AND AMENITIES Washer/dryer • Generous closet space • 24-hour concierge • Riverfront terrace • Fitness center • Reserved garage parking • Keyless entry system 6

COMMUNITY INFORMATION Total units: 186 Average unit size: 918 sq. ft. Acquisition date: Q4/05 LOCATION In the heart of Cambridge, situated perfectly between the Charles River and Harvard Square, lies an apartment community that brings the best of Kendall Square to your doorstep. Great apartments, great service and the amenities you deserve - with access to MIT, Harvard and Historic Beacon Hill. ARCHSTONE KENDALL SQUARE | 195 Binney Street, Cambridge FEATURES AND AMENITIES Historic renovation • 12- to 24-foot ceilings • Dramatic windows and skylights • Exposed beams and columns • Fitness center • Laundry facility • Reserved parking 7

COMMUNITY INFORMATION Total units: 118 Average unit size: 1,064 sq. ft. Acquisition date: Q1/02 LOCATION Archstone Park Place has all the conveniences of living in the big city without the hassle. Public transportation is literally outside the apartment community - and a great location near Route 93 with area restaurants and retail services just minutes away. Each apartment has plenty of living space, ample closets and private balconies. ARCHSTONE PARK PLACE | 66 Devir Street, Malden FEATURES AND AMENITIES Large closets • Patio/balcony • Pool • Laundry facility Large closets • Patio/balcony • Pool • Laundry facility Large closets • Patio/balcony • Pool • Laundry facility 8

COMMUNITY INFORMATION Total units: 224 Average unit size: 706 sq. ft. Acquisition date: Q4/00 LOCATION Archstone Quincy offers not only spectacular views of the bay and the beautiful Boston skyline, but incredibly easy access to downtown Boston. Archstone Quincy is located one block from the North Quincy "T" station, which is only two stations away from downtown Boston. ARCHSTONE QUINCY | 95 West Squantum Street, Quincy FEATURES AND AMENITIES Walk-in closets • Private balcony • Fitness center • Laundry facility 9

COMMUNITY INFORMATION(1) Total units: 204 Average unit size: 1,123 sq. ft. Expected stabilization date: Q2/07 LOCATION Archstone Reading invites you to live life on your own terms. Situated perfectly near great shopping at the Burlington Mall and a day of fun at the seashore, you'll have the best of Eastern Massachusetts right at your doorstep. Contemporary apartments, the best amenities and the scenic beauty of nearby Lake Quannapowitt. ARCHSTONE READING | 7 Archstone Circle, Reading FEATURES AND AMENITIES Ceramic tile floors • 9-foot ceilings • Crown molding • Spacious closets • Private patio/balcony • Granite countertops • Stainless steel appliances • Washer/dryer • Resort-style heated pool • Fitness center • Club suite • Barbeque grills • Covered/garage parking Asset is currently under construction. 10

COMMUNITY INFORMATION Total units: 207 Average unit size: 813 sq. ft. Acquisition date: Q4/00 LOCATION Archstone Waltham is located along "Technology Highway" (I- 95), a short drive to the downtown Boston area, convenient to shops that will accommodate your every need. Nestled in North Waltham, you are close to recreational areas for all types of seasonal enjoyment of New England, and just minutes to I-95, Route 128 and MBTA bus routes. ARCHSTONE WALTHAM | 15 Delores Avenue, Waltham FEATURES AND AMENITIES Ceiling fans • Patio/balcony • High ceilings • Spacious closets • Fitness center • Pool with sundeck • Barbeque/picnic area • Laundry facility • Wooded views Wooded views Wooded views Wooded views Wooded views Wooded views 11

COMMUNITY INFORMATION(1) Total units: 134 Average unit size: 1,054 sq. ft. Stabilization date: Q1/05 LOCATION Archstone Watertown Square is situated less than a mile from the Mass Pike, between the excitement of Boston and the quiet of the Charles River. You'll have the best of Boston right at your doorstep. ARCHSTONE WATERTOWN SQUARE | 20 Watertown Street, Watertown FEATURES AND AMENITIES 9-foot ceilings • Tiled kitchens and baths • Washer/dryer • Stainless steel appliances • Granite countertops • Island kitchens • Abundant closet space • Patio/balcony • Fitness center • Underground parking garage Asset developed by Archstone-Smith. 12

COMMUNITY INFORMATION(1) Total units: 426 Average unit size: 903 sq. ft. Expected stabilization date: Q3/09 LOCATION Within a block of Boston's Museum of Science and the MBTA's Lechmere Station, North Pointe Place affords spectacular views of the Charles River, Boston Harbor and skyline, and Boston's North Shore. Residents are within walking distance to MIT, high- tech and biotechnology research centers and Massachusetts General Hospital. NORTH POINTE PLACE I | 1-15 East Street, Cambridge FEATURES AND AMENITIES Stone countertops • Stainless appliances • Bamboo cabinetry • Fitness center • Theater room with surround sound • Washer/dryer • Patios/balconies • Heated indoor pool and Lido deck• Yoga room • Gas fireplaces • Sports lounge • Underground garage parking • Observation deck • Bamboo floors Asset is currently under construction. 13

COMMUNITY INFORMATION(1) Total units: 94 Average unit size: 1,021 sq. ft. Acquisition date: Q3/05 LOCATION Oakwood Boston is centrally located and easily accessible to The Financial District, Back Bay, Beacon Hill, The North and South End, and Chinatown and is just minutes from Quincy Marketplace and Downtown Crossing. OAKWOOD BOSTON | One India Street, Boston FEATURES AND AMENITIES Air conditioning • Blinds • Built-in microwave • Dishwasher • Wall-to-wall carpeting • Washer and dryer • City and water views • Concierge services • Fitness center • Wireless Internet Asset subject to a master lease agreement with Oakwood Worldwide. 14

Investor Relations Contact: H. Andrew Cantor (303) 708-5959 (800) 982-9293 acantor@archstonesmith.com In addition to historical information, this presentation contains forward-looking statements and information under the federal securities laws. These statements are based on current expectations, estimates and projections about the industry and markets in which Archstone-Smith and/or Ameriton Properties Inc. operates, management's beliefs and assumptions made by management. While Archstone-Smith and/or Ameriton Properties Inc. management believe the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond management's control. As such, these statements and information are not guarantees of future performance, and actual operating results may differ materially from what is expressed or forecasted in this presentation. See "Risk Factors" in Archstone-Smith's 2005 Annual Report on Form 10-K for factors which could affect Archstone-Smith's future financial performance. All forward-looking statements in this presentation are made as of today, based upon information known to management as of the date hereof, and Archstone-Smith assumes no obligation to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.