-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RVaPeE0IMhwW57Th+MWAAYOejilYZK1lDmUOzv2B67plBM//PWZTrGKYYxANx1Sx
 RaaqJdzOMBhL7BKCbls3+Q==

<SEC-DOCUMENT>0001181431-04-014372.txt : 20040308
<SEC-HEADER>0001181431-04-014372.hdr.sgml : 20040308
<ACCEPTANCE-DATETIME>20040308165308
ACCESSION NUMBER:		0001181431-04-014372
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040305
FILED AS OF DATE:		20040308

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CARACI PHILIP D
		CENTRAL INDEX KEY:			0001228461

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12254
		FILM NUMBER:		04655215

	BUSINESS ADDRESS:	
		STREET 1:		SAUL CENTERS INC
		STREET 2:		7501 WISCONSIN AVE.
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAUL CENTERS INC
		CENTRAL INDEX KEY:			0000907254
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521833074
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8401 CONNECTICUT AVE
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815
		BUSINESS PHONE:		3019866207

	MAIL ADDRESS:	
		STREET 1:		8401 CONNECTICUT AVE
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>rrd36083.xml
<DESCRIPTION>FORM 4/A
</DOCUMENT>
</SUBMISSION>