UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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)  December 13, 2004
                                                  -----------------

                              W. P. CAREY & CO. LLC
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             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)

        001-13779                                         13-3912578
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(Commission File Number)                       (IRS Employer Identification No.)


   50 Rockefeller Plaza, New York, NY                                   10020
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(Address of Principal Executive Offices)                              (Zip Code)

                                  212-492-1100
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              (Registrant's Telephone Number, Including Area Code)


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          (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_|  Written  communications  pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
          Exchange Act (17 CFR 240.13e-4(c))






                            Section 8 - Other Events


Item 8.01. Other Events

On December 13, 2004, the  registrant  announced that its board of directors had
declared a dividend in the amount of $.442 per common share to  shareholders  of
record on December 31, 2004, payable on January 15, 2005.


                  Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(c)  Exhibits

The following exhibit is furnished as part of this Current Report on Form 8-K:

Exhibit Index

Exhibit No.         Exhibit
-----------         -------
 99.1               Press  Release  dated  December  13,  2004   announcing  the
                    declaration of dividends to shareholders.









                                   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.


                                 W. P. CAREY & CO. LLC



                                 By: /s/ Gordon F. DuGan
                                     -------------------------------------------
                                     Gordon F. DuGan, Co-Chief Executive Officer


Date:  December 13, 2004