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## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

## 7. DEFERRED CHARGES 

Deferred charges as of December 31, 2003 and 2002 consists of the following (in thousands): 

<img src='content_image/62800.jpg'>

Amortization of deferred lease costs and other intangibles for the years ended December 31, 2003, 2002 and 2001 was $2,162,000, $1,739,000 and $1,642,000, respectively. Amortization of deferred financing costs, included in interest expense in the accompanying Consolidated Statements of Operations, for the years ended December 31, 2003, 2002 and 2001 was $1,304,000, $1,209,000 and $1,277,000, respectively. 

