Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Morris James Richard
2. Date of Event Requiring Statement (Month/Day/Year)
02/23/2005
3. Issuer Name and Ticker or Trading Symbol
AVALONBAY COMMUNITIES INC [AVB]
(Last)
(First)
(Middle)
2900 EISENHOWER AVE., SUITE 300
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ALEXANDRIA, VA 22314
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $.01 per share 8,950.443 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) 02/13/2002(2) 02/13/2011 Common Stock, par value $.01 per share 7,000 $ 45.95 D  
Employee Stock Options (Right to Buy) 02/13/2003(3) 02/13/2012 Common Stock, par value $.01 per share 4,880 $ 45.79 D  
Employee Stock Options (Right to Buy) 02/12/2004(4) 02/12/2013 Common Stock, par value $.01 per share 4,666 $ 36.02 D  
Employee Stock Options (Right to Buy) 02/12/2005(5) 02/12/2014 Common Stock, par value $.01 per share 9,727 $ 50.6 D  
Employee Stock Options (Right to Buy) 02/11/2006(6) 02/11/2015 Common Stock, par value $.01 per share 13,424 $ 69.95 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Morris James Richard
2900 EISENHOWER AVE., SUITE 300
ALEXANDRIA, VA 22314
      Senior Vice President  

Signatures

By Edward M. Schulman under Power of Attorney dated as of March 1, 2005. 03/07/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The amount of securities owned reflects direct ownership of all shares of common stock, including restricted shares.
(2) The options reported were included in options granted on February 13, 2001 which became exercisable in three annual installments beginning on February 13, 2002.
(3) The options reported were included in options granted on February 13, 2002 which became exercisable in three annual installments beginning on February 13, 2003.
(4) The options reported were included in options granted on February 12, 2003, which become exercisable in three annual installments beginning on February 12, 2004.
(5) The options reported were included in options granted on February 12, 2004 which become exercisable in three annual installments beginning on February 12, 2005.
(6) The options reported were included in options granted on February 11, 2005 which will become exercisable in three annual installments beginning on February 11, 2006.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.