Nineteen cents per share of common stock will be paid on Jan.10, 2001 to common stockholders of record as of Dec. 29, 2000. OnOct. 31, Mission West reported third quarter funds from operationsof 23 cents a diluted share, a 28% year-over-year increase. Twodays later analysts at Legg Mason upgraded Mission West from arecommendation of Buy to a Strong Buy.

Mission West operates as a self-managed, self-administered andfully integrated REIT engaged in the management, leasing,marketing, development and acquisition of commercial R&Dproperties, primarily located in the Silicon Valley. The companymanages 89 properties with a total of approximately 6.2 millionsf.

The company's portfolio of industrial properties in the SiliconValley include a 117,400-sf building in South San Jose on Hellyerat Branham, across from Cisco (with a listed rent price of $1.25per sf); 84,000 sf of manufacturing and warehouse space on MemorexDrive in Santa Clara ($0.75 per sf); and the 225-acre King RanchBusiness Complex at Silver Creek and Highway 101 in South San Jose,with three buildings totaling 400,000 sf ($1.10 per sf).