Exhibit 10.41

KITE REALTY GROUP TRUST

{H1}Schedule of Non-Employee Trustee Fees and Other Compensation

Annual Retainer
              
$25,000
Board Meeting Fees (telephonic and in-person)
              
$1,000
Committe Meeting Fees (telephonic and in-person)
              
$1,000
Committee Chair Annual Retainer
              
Audit Committee: $10,000
Compensation Committee: $7,500
Nominating and Corporate Governance Committee: $5,000
Lead Trustee Retainer
              
$10,000
Annual Restricted Share Awards
              
Upon initial election, each trustee receives 3,000 restricted shares that vest 1
year from date of grant.
On an annual basis each year after their initial election, each trustee will
receive restricted shares with a value of $15,000 that vest 1 year from the date
of grant.

 

Effective: August 2004

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