LEXINGTON CORPORATE PROPERTIES TRUST

                              ARTICLES OF AMENDMENT
                                     OF THE
                              DECLARATION OF TRUST

                                  June 13, 2005


        Lexington  Corporate  Properties Trust, a Maryland statutory real estate
investment  trust having its principal  office in Baltimore City,  Maryland (the
"Trust"),  hereby  certifies to the State of Maryland  Department of Assessments
and Taxation that:

        FIRST:  The Trust desires to amend its Declaration of Trust as currently
in effect (the "Declaration of Trust").

        SECOND:  The Declaration of Trust is hereby amended by replacing Article
SIXTH (a) with the following:

                        "(a) The total number of shares of  beneficial  interest
of all classes which the Trust has authority to issue is  340,000,000  shares of
beneficial  interest (par value $.0001 per share), of which  160,000,000  shares
are classified as "Common Stock,"  170,000,000  shares are classified as "Excess
Stock" and  10,000,000  shares are  classified  as  "Preferred  Stock" (of which
3,160,000  shares  are  classified  as  "8.05%  Series B  Cumulative  Redeemable
Preferred  Stock" ("Series B Preferred") and 3,100,000  shares are classified as
"6.50% Series C Cumulative Convertible Preferred Stock" ("Series C Preferred")).
The Board of  Trustees  may  classify  and  reclassify  any  unissued  shares of
beneficial  interest by setting or changing,  in any one or more  respects,  the
preferences,   conversion  or  other  rights,   voting   powers,   restrictions,
limitations as to dividends, qualifications or terms or conditions of redemption
of such shares of beneficial interest."

        THIRD:          (a) As of immediately  before the above  amendment,  the
total number of shares of beneficial interest of all classes which the Trust had
authority  to issue were  130,000,000  shares (par value  $.0001 per share),  of
which  80,000,000  shares were classified as "Common Stock,"  40,000,000  shares
were  classified  as "Excess  Stock" and  10,000,000  shares were  classified as
"Preferred  Stock"  (of  which  3,160,000  shares  were  classified  as Series B
Preferred and 3,100,000 shares were classified as Series C Preferred).

                        (b) As amended, the total number of shares of beneficial
interest of all classes  which the Trust has  authority to issue is  340,000,000
shares (par value $.0001 per share), of which 160,000,000  shares are classified
as "Common  Stock,"  170,000,000  shares are  classified  as "Excess  Stock" and
10,000,000 shares are classified as "Preferred Stock" (of which 3,160,000 shares
are  classified  as Series B Preferred and  3,100,000  shares are  classified as
Series C Preferred).

                        (c) The  aggregate  par value of all shares was  $13,000
before the above amendment and is $34,000 as amended.

                        (d) The shares of  beneficial  interest of the Trust are
divided into classes but the  descriptions of each class of beneficial  interest
of the Trust are not changed by the amendment.

        FOURTH:The Board of Trustees,  at a board meeting duly held on March 15,
2005, unanimously approved the above amendment,  adopted a resolution which sets
forth the above  amendment to the  Declaration of Trust,  and declared that said
amendment was advisable. Notice having been duly given to the shareholders,  the
above  amendment  was  approved  by the  holders of record of a majority  of all
outstanding  shares of beneficial  interest of the Trust entitled to vote on the
above  amendment at an annual meeting of the  shareholders  of the Trust held on
May 24, 2005.







        IN WITNESS  WHEREOF,  Lexington  Corporate  Properties  Trust has caused
these  presents to be signed in its name and on its behalf by its  President and
witnessed by its Secretary as of the date first above written.


WITNESS:                                           LEXINGTON CORPORATE
                                                   PROPERTIES TRUST



/s/ Paul R. Wood                                   By:    /s/ T. Wilson Eglin
----------------                                          -------------------
Paul R. Wood                                              T. Wilson Eglin
Secretary                                                 President



        THE  UNDERSIGNED,  T. Wilson  Eglin,  President of  Lexington  Corporate
Properties Trust, who executed on behalf of the Trust the foregoing  Articles of
Amendment of which this certificate is made a part,  hereby  acknowledges in the
name and on behalf of said Trust the  foregoing  Articles of Amendment to be the
act of said  Trust  and  hereby  certifies  that to the  best of his  knowledge,
information, and belief that matters and facts set forth therein with respect to
the  authorization  and approval thereof are true in all material respects under
the penalties of perjury.




                                                          /s/ T. Wilson Eglin
                                                          -------------------
                                                          T. Wilson Eglin
                                                          President