X0201 5 2003-12-31 0 1 0 0000873394 CAREY INSTITUTIONAL PROPERTIES INC /MD/ NONE 0001061562 LAPUMA EDWARD V C/O W. P. CAREY & CO. LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 0 1 0 0 President Common Stock 3 4669.4510 D The Reporting Person has been an executive officer of the Issuer since 2001 and has not previously filed a Form 3. /s/ Edward V. LaPuma 2004-02-13