AMB PROPERTY CORP
424B3, 2000-10-26
REAL ESTATE
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PROSPECTUS DATED DECEMBER 17, 1998                      PRICING SUPPLEMENT NO.4
PROSPECTUS SUPPLEMENT                                 DATED OCTOBER 25, 2000 TO
DATED AUGUST 15, 2000                   REGISTRATION STATEMENT NO.333-68283 AND
                                         REGISTRATION STATEMENT NO.333-68283-01
                                                                 RULE 424(B)(3)


                               AMB PROPERTY, L.P.

                                MEDIUM-TERM NOTE
                                  (FIXED RATE)

--------------------------------------------------------------------------------

PRINCIPAL AMOUNT:  $25,000,000  (The principal amount of these notes is in
   addition to, will be combined with, and, except as set forth below, will have
   the same terms as, the $50,000,000 aggregate principal amount of medium-term
   notes issued by us on October 26, 2000.)

PRICE TO PUBLIC:  100%

AGENT'S DISCOUNT OR COMMISSION:  0.625% ($156,250)

NET PROCEEDS TO US:  99.375% ($24,843,750)

INTEREST RATE:  8.00%

MATURITY DATE:  November 1, 2010

ORIGINAL ISSUE DATE:  October 26, 2000

TRADE DATE:  October 25, 2000

EXCHANGE RATE AGENT:
    [X]  State Street Bank and Trust Company of California, N.A.

    [ ]  Other

INTEREST PAYMENT DATES:  May 1 and November 1, commencing May 1, 2001

REGULAR RECORD DATES:  April 15 and October 15, commencing April 15, 2001

SPECIFIED CURRENCY:

    [X]  United States Dollars

    [ ]  EURO

    [ ]  Composite Currency:

    [ ]  Other:          Principal Financial Center:

AUTHORIZED DENOMINATION:

    [X]  $1,000 or integral multiples thereof

    [ ]  Other

REDEMPTION:

    [X]  The Note cannot be redeemed prior to maturity

    [ ]  The Note may be redeemed at the option of the Operating Partnership
         prior to maturity
           Redemption Commencement Date:
           Initial Redemption Percentage:
           Annual Redemption Percentage Reduction:

REPAYMENT:

    [X]  The Note cannot be repaid prior to maturity
    [ ]  The Note may be repaid prior to maturity at the option of the Holder
         of the Note
           Option Repayment Date(s):
           Repayment Price:
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DISCOUNT NOTES:     [ ]  Yes      [X]  No
    Issue Price:
    Total Amount of OID:
    Yield to Maturity:
    Initial Accrual Period:

FORM:     [X]  Book-Entry     [ ]  Certificated

AGENT:
    [ ]  Morgan Stanley Dean Witter
    [ ]  Banc of America Securities LLC
    [ ]  Banc One Capital Markets, Inc.
    [ ]  Chase Securities Inc.
    [ ]  Merrill Lynch & Co.
    [X]  J.P. Morgan Securities Inc.
    [ ]  Salomon Smith Barney

AGENT'S CAPACITY:     [ ]  Agent     [X]  Principal

ADDENDUM ATTACHED:     [ ]  Yes      [X]  No

OTHER/ADDITIONAL PROVISIONS: We may create and issue additional notes with the
   same terms as the notes issued hereunder so that the additional notes will be
   combined with the initial issuance and this issuance of notes.



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