UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934



Amendment No.: 1*


Name of Issuer: Equity Lifestyle Properties, Inc.


Title of Class of Securities: Common Stock


CUSIP Number: 29472R10-8


Date of Event Which Requires Filing of this Statement: 12/31/2005

Check the appropriate box to designate the rule pursuant to which
this Schedule is filed.

[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).


CUSIP No.: 29472R10-8

1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Mac-Per-Wolf Company
    EIN #36-3099763

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    a.   ___
    b.   _X_

3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION
         Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

   5.    SOLE VOTING POWER
         6,164

   6.    SHARED VOTING POWER
         -930,600-

   7.    SOLE DISPOSITIVE POWER
         6,164

   8.    SHARED DISPOSITIVE POWER
         -930,600-

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    936,764

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
    N/A

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    4.0%

12. TYPE OF REPORTING PERSON
    HC



CUSIP No.:  29472R10-8

1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Janus Small Cap Value Fund
    36-3344166

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    a.   ___
    b.   _X_

3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION
         Massachusetts

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

   5.    SOLE VOTING POWER
         650,000

   6.    SHARED VOTING POWER
         -0-

   7.    SOLE DISPOSITIVE POWER
         650,000

   8.    SHARED DISPOSITIVE POWER
         -0-

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    0

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
    N/A

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    2.8%

12. TYPE OF REPORTING PERSON
    IV




Item 1.
  (a). Name of Issuer: Equity Lifestyle Properties, Inc. ("Equity
Lifestyle")

  (b). Address of Issuer's Principal Executive Offices:

       Two North Riverside Plaza, Suite 800
       Chicago, IL 60606

Item 2.
  (a).-(c).  Name, Principal Business Address, and Citizenship of
Persons
             Filing:

         (1)  Mac-Per-Wolf Company
              311 S. Wacker Dr., Suite 6000
              Chicago, IL  60606
              Citizenship:  Delaware

       (2)   Janus Small Cap Value Fund
             151 Detroit Street
             Denver, Colorado 80206
             Citizenship:  Massachusetts


  (d). Title of Class of Securities: Common Stock

  (e). CUSIP Number:  29472R10-8

Item 3.

This statement is filed pursuant to Rule 13d-1 (b) and the person
filing, Mac-Per-Wolf Company, is a parent holding company in
accordance with 240.13d-1(b)(1)(ii)(G). See Item 7 for additional
information.

Janus Small Cap Value Fund is an Investment Company registered
under Section 8 of the Investment Company Act of 1940.

Item 4. Ownership

The information in items 1 and 5 through 11 on the cover page(s)
on Schedule 13G is hereby incorporated by reference.

Perkins, Wolf, McDonnell and Company, LLC furnishes investment
advice to various investment companies registered under Section 8
of the Investment Company Act of 1940 and to individual and
institutional clients (collectively referred to herein as "Managed
Portfolios").

Janus Small Cap Value Fund is an investment company registered
under the Investment Company Act of 1940 and is one of the Managed
Portfolios to which Perkins, Wolf, McDonnell and Company, LLC
provides investment advice.

The shared voting and dispositive holdings are held by Perkins,
Wolf, McDonnell and Company, LLC, and such holdings may also be
aggregated within 13g filings submitted by Janus Capital
Management, LLC, a minority owner of Perkins, Wolf, McDonnell and
Company, LLC.

Item 5. Ownership of Five Percent or Less of a Class

This statement is being filed to report the fact that the
reporting persons have ceased to be the beneficial owners of more
than five percent of the class of securities.

Item 6. Ownership of More than Five Percent on Behalf of Another
Person

Not applicable.

Item 7.  Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company

The reporting person, Mac-Per-Wolf Company, is filing on behalf of
its two subsidiaries:

1)   PWMCO, LLC is a wholly-owned subsidiary of Mac-Per-Wolf
Company and is both a broker dealer registered under Section 15 of
the Act and an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940

2)   Perkins, Wolf, McDonnell and Company, LLC is a subsidiary of
Mac-Per-Wolf Company, and is an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940

Item 8.  Identification and Classification of Members of the Group

Not applicable.

Item 9.  Notice of Dissolution of Group

Not applicable.

Item 10. Certification

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.



SIGNATURES

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.

Mac-Per-Wolf Company

By  /s/  Gregory E. Wolf                       2/1/2006
  Gregory E. Wolf,                               Date
    Treasurer

JANUS SMALL CAP VALUE FUND

By  /s/  David R. Kowalski                     2/1/2006
  David R. Kowalski                              Date
    Senior Vice President & CCO



EXHIBIT A
JOINT FILING AGREEMENT

In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, the persons named below agree to the joint filing on
behalf of each of them of a Statement on Schedule 13G (including
amendments thereto) with respect to the Common Stock of Equity
Lifestyle Properties, Inc. and further agree that this Joint
Filing Agreement be included as an Exhibit to such joint filings.
In evidence thereof, the undersigned hereby execute this Agreement
as of the 1st day of February, 2006.

            Mac-Per-Wolf Company

            By  /s/  Gregory E. Wolf
               Treasurer

            JANUS SMALL CAP VALUE FUND

            By  /s/  David R. Kowalski
               David R. Kowalski, Senior Vice President & CCO