X0202 4 2004-08-12 0 0000873394 CAREY INSTITUTIONAL PROPERTIES INC /MD/ NONE 0001054799 CAREY WILLIAM P C/O W. P. CAREY & CO. LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 1 1 0 0 Chairman & Co-CEO Common Stock 2004-08-12 4 A 0 65370.87 13.55 A 2684377.5389 I Acquired by Carey Asset Management Corp. Common Stock 2004-08-12 4 A 0 823.78 13.55 A 2685201.3189 I Acquired by W. P. Carey International, LLC All of the Reporting Person's indirectly held shares are held by entities either wholly owned or controlled by the Reporting Person, as follows: W. P. Carey & Co. Inc - 528,526.0000 Carey Property Advisors - 999,718.6203 Carey Asset Management Corp. - 1,070,045.9300 W. P. Carey International, LLC - 3,825.1400 W. P. Carey Foundation - 83,085.6286 /s/ Wm. Polk Carey 2004-08-16