Health Care Property Investors

DR/SPP Info

To join plan: Minimum $750, or already a shareholder.

Optional cash investments: Minimum $100, invested monthly.

Discounts: Discounts set at between 0 and 5%.

The Bank of New York
c/o Investor Relations Department
P.O. Box 10258
Church Street Station
New York, NY 10286-1258

(888) 524-4458

from Prospectus dated Jan. 19, 2001.

1891