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<PAGE> 1
EXHIBIT 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated March 21, 2000,
included in ProLogis Trust's Form 10-K for the year ended December 31, 1999 and
to all references to our Firm included in this registration statement.
/s/ Arthur Andersen LLP
Chicago, Illinois
August 10, 2000
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