X0201 32003-10-02 0 0000765880 HEALTH CARE PROPERTY INVESTORS INC HCP 0001234607 ELCAN CHARLES A 4675 MACARTHUR COURT NEWPORT BEACH CA 92660 0100Executive Vice PresidentCommon Stock0DLLC Units (Right to Buy)Common Stock610397.02DThe units are redeemable at the election of the holder on or after October 1, 2004 and through September 30, 2012. The units are redeemable at the election of Health Care Property Investors, Inc. (HCPI) on or after September 30, 2013. The units are redeemable into shares of Common Stock or cash, at the discretion of HCPI.1 for 1Charles A. Elcan2003-10-06