Shelter Properties I L P (NONE)

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Ticker: NONE

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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APARTMENT INVESTMENT & MANAGEMENT CO

3 purchases — total 36,596 USD

Buy 31 Dec 2003

Value US$1,430,965.16 | Price 457.82 | Shares 40,454

Buy 31 Dec 2003

Value US$1,062,710.38 | Price 293.80 | Shares 18,106

Buy 31 Dec 2003

Value US$36,595.90 | Price 192.61 | Shares 190

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value
2004-01-30	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	40,454 457.82 US$1,430,965	40,454	457.82	US$1,430,965
2004-01-30	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	18,106 293.80 US$1,062,710	18,106	293.80	US$1,062,710
2004-01-30	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	34,324 -12.2% 343.25 US$4,704,951	34,324 -12.2%	343.25	US$4,704,951

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