X0201 42003-09-19 0001003201 MUNICIPAL MORTGAGE & EQUITY LLC MMA 0000940055 BAUM CHARLES C C/O MUNIMAE 218 N. CHARLES STREET, SUITE 500 BALTIMORE MD 21201 1000Common Shares2003-09-194A0164.60924.30A18853.734DShares awarded in accordance with the 2001 Non-Employee Directors' Share Plan.Angela A. Barone2003-09-23