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The following is an excerpt from a DEF 14A SEC Filing, filed by INVESTORS REAL ESTATE TRUST on 8/5/2004.
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INVESTORS REAL ESTATE TRUST - DEF 14A - 20040805 - COMPENSATION_TABLE

EXECUTIVE COMPENSATION AND OTHER INFORMATION

Summary Compensation Table

     The following table sets forth the annual compensation paid to the Company’s Chief Executive Officer and the four other most highly compensated executive officers serving at the end of fiscal year 2004 (the “Named Executive Officers”).

                                 
                            Other Annual
Name and Principal Position
  Period
  Salary
  Bonus
  Compensation (2)
Thomas A. Wentz, Sr.
    2004     $ 162,554     $ 0     $ 25,077  
President & Chief Executive Officer
    2003       144,195       5,948       3,550  
 
    2002       138,600       5,775       3,643  
 
                               
Charles Wm. James
    2004       206,146       0       31,836  
Senior Vice President and Trustee
    2003 (1)     46,875       0       5,619  
(effective February 1, 2003)
          0       0       0  
 
                               
Timothy P. Mihalick
    2004       177,622       0       31,134  
Senior Vice President and
    2003       157,293       122,703       19,657  
Chief Operating Officer, and Trustee
    2002       151,200       52,482       19,060  
 
                               
Thomas A. Wentz, Jr.
    2004       149,685       0       27,025  
Senior Vice President and Trustee
    2003       131,078       92,567       17,685  
 
    2002       126,000       39,888       16,460  
 
                               
Diane K. Bryantt
    2004       94,378       0       22,016  
Senior Vice President and
    2003       81,924       61,487       13,807  
Chief Financial Officer
    2002       78,500       26,373       12,497  
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