SCHEDULE 14A
                                 (Rule 14a-101)
                     INFORMATION REQUIRED IN PROXY STATEMENT

                            SCHEDULE 14A INFORMATION
           Proxy Statement Pursuant to Section 14(a) of the Securities
                              Exchange Act of 1934


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Filed by a Party other than the Registrant

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                                EQUITY ONE, INC.
--------------------------------------------------------------------------------
                (Name of Registrant as Specified in Its Charter)

--------------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

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                                                                 59 Maiden Lane
                                                             New York, NY 10038
                                                                   212-936-5100
                                                               Fax 718-236-4588




                    [AMERICAN STOCK TRANSFER & TRUST COMPANY]
                                   letterhead







May 6, 2004


          Re:  2004 Annual Meeting of Stockholders of Equity One, Inc.


Dear Stockholder:

You were previously  mailed materials with respect to the 2004 Annual Meeting of
Stockholders  of Equity  One,  Inc.  These  materials  included a proxy card for
voting on the proposals to be considered by stockholders at the annual meeting.

PLEASE BE ADVISED THAT AMERICAN STOCK TRANSFER & TRUST COMPANY MISTAKENLY MAILED
A PROXY CARD THAT CONTAINED AN ERROR IN ITS DESCRIPTION OF PROPOSAL 2.

For your  convenience  we have included with this letter a corrected  proxy card
and a  business  reply  envelope.  Whether  or not you have  already  voted your
shares,  please  complete  and mail the  enclosed  card.  We  apologize  for any
inconvenience this may have caused you.

If you have any questions,  please call our shareholder  services  department at
(877) 777-0800.

Sincerely,

/s/ American Stock Transfer & Trust Company


AMERICAN STOCK TRANSFER
& TRUST COMPANY