As filed with the Securities and Exchange Commission on June 19, 2003


================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

               CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934


        Date of report (Date of earliest event reported): June 19, 2003


                               EQUITY RESIDENTIAL
               (Exact Name of Registrant as Specified in Charter)


            MARYLAND                       1-12252               13-3675988
  (State or other jurisdiction           (Commission          (I.R.S. Employer
of incorporation or organization)        File Number)        Identification No.)



TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO, ILLINOIS                60606
       (Address of principal executive offices)                      (Zip Code)


       Registrant's telephone number, including area code: (312) 474-1300

                                 NOT APPLICABLE
          (Former Name or Former Address, if Changed Since Last Report)







ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (c)    Exhibits

Exhibit
Number    Exhibit
------    -------

   1      Terms Agreement dated May 20, 2003 among the Registrant, ERP Operating
          Limited Partnership, Merrill Lynch & Co., Merrill Lynch, Pierce,
          Fenner & Smith Incorporated, Citigroup Global Markets Inc., Morgan
          Stanley & Co. Incorporated and Wachovia Securities, Inc., as
          representatives of the several Underwriters designated in the Terms
          Agreement, which is being filed pursuant to Regulation S-K, Item
          601(b)(1) as an exhibit to the Registrant's registration statement on
          Form S-3, file no. 333-45533, under the Securities Act of 1933, as
          amended, and which, as this Form 8-K filing is incorporated by
          reference in such registration statement, is set forth in full in such
          registration statement, which Terms Agreement incorporates by
          reference the terms and provisions of the Registrant's Standard
          Underwriting Provisions, dated May 16, 1997, which was previously
          filed as Exhibit 1 to the Registrant's registration statement on Form
          S-3, file no. 333-27153 under the Securities Act of 1933, as amended,
          and is incorporated herein by reference thereto, and which, as this
          Form 8-K filing is incorporated by reference in registration statement
          no. 333-45533, is set forth in full in such registration statement.

   5      Opinion of Piper Rudnick, LLP, which is being filed pursuant to
          Regulation S-K, Item 601(b)(5) as an exhibit to the Registrant's
          registration statement on Form S-3, file no. 333-45533, under the
          Securities Act of 1933, as amended, and which, as this Form 8-K filing
          is incorporated by reference in such registration statement, is set
          forth in full in such registration statement.

   8      Opinion of Piper Rudnick, which is being filed pursuant to Regulation
          S-K, Item 601(b)(8) as an exhibit to the Registrant's registration
          statement on Form S-3, file no. 333-45533, under the Securities Act of
          1933, as amended, and which, as this Form 8-K filing is incorporated
          by reference in such registration statement, is set forth in full in
          such registration statement.

   23.1   Consent of Piper Rudnick, LLP (included in Exhibit 5)

   23.2   Consent of Piper Rudnick (included in Exhibit 8)


                                       2


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                             EQUITY RESIDENTIAL



Date:    June 19, 2003                       By: /s/ BRUCE C. STROHM
                                                --------------------------------
                                                Bruce C. Strohm
                                                Executive Vice President,
                                                General Counsel and Secretary