X0101 42003-06-02 0000918958 CRESCENT REAL ESTATE EQUITIES CO CEI 0000904422 FRANK ANTHONY M 1000Stock Option (Right to Buy)16.452003-06-024A0140000A1988-08-082013-06-01Common Shares1400014000D08/08/1988 is "Dummy Date Entry" per SEC. Grant on June 2, 2003. pursuant to Issuer's Third Amended and Restated 1995 Stock Incentive Plan. Option becomes exercisable in 20% increments on the first, second, third, fourth and fifth anniversaries of the grant.Not applicable.David M. Dean, as Attorney-in-Fact on behalf of Reporting Person2003-06-30