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



                                          FORM 10-K


  (Mark one)

  /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the fiscal year ended December 31, 2004

      OR



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


      Commission File Number:  333-104283-17


        Morgan Stanley Capital I Inc.

       (as Depositor under the Pooling and Servicing Agreement,
       dated as of October 1, 2004, providing for the issuance of
       Commercial Mortgage Pass-Through Certificates, Series 2004-HQ4)

     (Exact name of registrant as specified in its charter)


   Delaware
  (State or other jurisdiction of
  incorporation or organization)                     13-3291626
                                                    (I.R.S. Employer
                                                    Identification No.)


   1585 Broadway, 2nd Floor
   New York, New York                          10036

  (Address of principal executive offices)     (Zip Code)


  Registrant's telephone number, including area code: (212) 761-4000


  Securities registered pursuant to Section 12(b) of the Act:

        NONE.


  Securities registered pursuant to Section 12(g) of the Act:

        NONE.


  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period
  that the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.

        Yes  X       No ___


  Indicate by check mark if disclosure of delinquent filers pursuant to
  Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
  herein, and will not be contained, to the best of registrant's knowledge,
  in definitive proxy or information statements incorporated by reference
  in Part III of this Form 10-K or any amendment to this Form 10-K.

        Yes  X       No ___


  Indicate by check mark whether the registrant is an accelerated filer
  (as defined in Exchange Act Rule 12b-2).

        Yes  ___     No  X


  State the aggregate market value of the voting and non-voting common
  equity held by non-affiliates computed by reference to the price at which
  the common equity was last sold, or the average bid and asked price of
  such common equity, as of the last business day of the registrant's most
  recently completed second fiscal quarter.

        Not applicable.


  Indicate the number of shares outstanding of each of the registrant's
  classes of common stock, as of the latest practicable date.

        Not applicable.


     Documents Incorporated by Reference


        None.


                                   PART I

  Item 1.  Business.

           Not applicable.

  Item 2.  Properties.

           Not applicable.


  Item 3.  Legal Proceedings.

            The registrant knows of no material pending legal proceedings
            involving the trust created under the Pooling and Servicing
            Agreement, the Trustee, the Servicer or the registrant with
            respect to the Trust other than routine litigation incidental
            to the duties of the respective parties.


  Item 4.  Submission of Matters to a Vote of Security Holders.

            None.


                                PART II

  Item 5.  Market for registrant's Common Equity and Related Stockholder
           Matters and Issuer Purchases of Equity Securities.

            Currently, there is no established public trading market for the
            Certificates known to the registrant.

            Records provided by the DTC and the Trustee indicate that as of
            December 31, 2004, the total number of holders of record for the
            Series of Certificates is 40.


  Item 6.  Selected Financial Data.

            Not applicable.


  Item 7.  Management's Discussion and Analysis of Financial Condition and
           Results of Operation.

            Not applicable.


  Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

            Not applicable.


  Item 8.  Financial Statements and Supplementary Data.

            Not applicable.


  Item 9.  Changes in and Disagreements with Accountants on Accounting and
           Financial Disclosure.

            None.


  Item 9A. Controls and Procedures.

            Not applicable.


  Item 9B. Other Information.

            None.


                                PART III

  Item 10. Directors and Executive Officers of the Registrant.

            Not applicable.


  Item 11. Executive Compensation.

            Not applicable.


  Item 12. Security Ownership of Certain Beneficial Owners and Management.

            Not applicable.

  Item 13. Certain Relationships and Related Transactions.

            Not applicable.


  Item 14. Principal Accounting Fees and Services.

            Not applicable.


                                PART IV

  Item 15. Exhibits, Financial Statement Schedules.

   (a) Exhibits

     (31.1) Sarbanes-Oxley Section 302 Certification

     (99.1) Annual Independent Accountants' Servicing Reports concerning
            servicing activities.

      <TABLE>

      
         <c>
      a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
      b) Wells Fargo Bank, N.A., as Master Servicer <F1>

      </TABLE>

     (99.2) Reports of Management as to Compliance with Minimum Servicing
            Standards.

      <TABLE>

      
        <c>
      a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
      b) Wells Fargo Bank, N.A., as Master Servicer <F1>

      </TABLE>

     (99.3) Annual Statements of Compliance under the Pooling and Servicing
            Agreements.

      <TABLE>

      
         <c>
      a) GMAC Commercial Mortgage Corporation, as Special Servicer <F1>
      b) Wells Fargo Bank, N.A., as Master Servicer <F1>

      </TABLE>


     (99.4) Aggregate Statement of Principal and Interest Distributions to
            Certificate Holders.


   (b) The exhibits required to be filed by Registrant pursuant to Item 601
       of Regulation S-K are listed above.

   (c) Not applicable.


  <F1> Filed herewith.


                                SIGNATURES

  Pursuant to the requirements of Section 13 or 15(d) of the Securities
  Exchange Act of 1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized:



  Morgan Stanley Capital I Inc., as Depositor

  By:     Craig Phillips, President

  By: /s/ Craig Phillips, President

  Dated:  March 24, 2005


  SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
  SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
  SECURITIES PURSUANT TO SECTION 12 OF THE ACT.


  (a)(1) No annual report is provided to the Certificateholders other than
  with respect to aggregate principal and interest distributions.


  (a)(2) No proxy statement, form of proxy or other proxy soliciting
  material has been sent to any Certificateholder with respect to any
  annual or other meeting of Certificateholders.



  Exhibit No.

  Ex-31.1 Sarbanes-Oxley Section 302 Certification


  Re: Morgan Stanley Capital I 2004-HQ4, issued pursuant to the Pooling and
  Servicing Agreement, dated October 1, 2004 (the "Pooling and Servicing
  Agreement"), among Morgan Stanley Capital I Inc., as depositor, (the
  "Depositor"), Wells Fargo Bank National Association, as master servicer,
  (the "Master Servicer"), GMAC Commercial Mortgage Corporation, as special
  servicer, (the "Special Servicer"), LaSalle Bank National Association, as
  trustee, (the "Trustee"), Wells Fargo Bank National Association, as paying
  agent, (the "Paying Agent"), and ABN AMRO Bank, N.V.,as fiscal agent, (the
  "Fiscal Agent").

  I, Craig Phillips, certify that:

  1. I have reviewed this annual report on Form 10-K (the "Annual Report"),
     and all reports on Form 8-K containing distribution or servicing reports
     (collectively with this Annual Report, the "Reports") filed in respect of
     periods included in the year covered by this annual report, of the Trust;


  2. Based on my knowledge, the information in these Reports, taken as a
     whole, does not contain any untrue statement of a material fact or
     omit to state a material fact necessary to make the statements made,
     in light of the circumstances under which such statements were made,
     not misleading as of the last day of the period covered by this
     annual report;

  3. Based on my knowledge, the distribution or servicing information
     required to be provided to the Trustee by the Servicer under the
     Pooling and Servicing or similar, agreement, for inclusion in these
     reports is included in these reports;

  4. Based on my knowledge and upon the annual compliance statement
     included in the Annual Report and required to be delivered to the
     trustee in accordance with the terms of the Pooling and Servicing
     Agreement, and except as disclosed in the reports, the Servicer has
     fulfilled its obligations under the servicing agreement; and

  5. The Reports disclose all significant deficiencies relating to the
     Servicer's compliance with the minimum servicing standards based upon
     the report provided by an independent public accountant, after
     conducting a review in compliance with the Uniform Single Attestation
     Program for Mortgage Bankers or similar procedure, as set forth in
     the pooling and servicing, or similar, agreement, that is included in
     these Reports.

     In giving the certifications above, I have reasonably relied on
     information provided to me by the following unaffiliated parties:
     GMAC Commercial Mortgage Corporation as Special Servicer and Wells
     Fargo Bank, National Association.

     Date: March 24, 2005

     /s/ Craig Phillips
     Signature

     President
     Title


  EX-99.1 (a)
(logo) PRICEWATERHOUSECOOPERS

PricewaterhouseCoopers LLP
300 Madison Avenue
New York NY 10017
Telephone (646) 471 3000
Facsimile (646) 471 4100
Direct phone (646) 471-7516
Direct fax (646) 471-8967


Report of Independent Auditors

To the Board of Directors of
GMAC Commercial Mortgage Corporation:


We have examined the assertion, dated March 1, 2005, by management of GMAC
Commercial Mortgage Corporation, (the "Company"), about the Company's
compliance with its established minimum special servicing policy ("Special
Servicing Policy"), which was derived from the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"), as
of December 31, 2004 and for the fiscal year then ended, included in the
accompanying management assertion (see Exhibit I). Management is responsible
for the Company's compliance with the Special Servicing Policy. Our
responsibility is to express an opinion on management's assertion about the
Company's compliance based on our examination.


Our examination was made in accordance with attestation standards established
by the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the Special Servicing Policy and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the Special Servicing
Policy.


In our opinion, management's assertion that the Company complied with the
aforementioned Special Servicing Policy as of and for the fiscal year then
ended December 31, 2004 is fairly stated, in all material respects.


/s/ PricewaterhouseCoopers LLP

March 1, 2005





  EX-99.1 (b)
(logo) KPMG

KPMG LLP
55 Second Street
San Francisco, CA 94105


Independent Accountants' Report


The Board of Directors
Wells Fargo Bank, N.A.:


We have examined management's assertion about Wells Fargo Commercial Mortgage
Servicing's (a division of Wells Fargo Bank, N.A.) compliance with the minimum
servicing standards set forth in the Mortgage Bankers Association of America's
(MBA's) Uniform Single Attestation Program for Mortgage Bankers (USAP), except
for minimum servicing standards V.4 and VI.1, which the MBA has interpreted as
being inapplicable to the servicing of commercial and multi-family loans, as of
and for the year ended December 31, 2004 included in the accompanying management
assertion. Management is responsible for Wells Fargo Commercial Mortgage
Servicing's compliance with those minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about Wells
Fargo Commercial Mortgage Servicing's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about Wells Fargo Commercial Mortgage
Servicing's compliance with the minimum servicing standards and performing such
other procedures as we considered necessary in the circumstances. We believe
that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on Wells Fargo Commercial
Mortgage Servicing's compliance with the minimum servicing standards.

In our opinion, management's assertion that, except for minimum servicing
standards V.4 and VI.l, which the MBA has interpreted as being inapplicable to
the servicing of commercial and multi-family loans, Wells Fargo Commercial
Mortgage Servicing has complied in all material respects with the aforementioned
minimum servicing standards as of and for the year ended December 31, 2004 is
fairly stated, in all material respects.

/s/ KPMG LLP

February 25, 2005



KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.





  EX-99.2 (a)
GMAC Commercial Holding Corporation
200 Witmer Road
Horsham, PA 19044

EXHIBIT 1



(logo) GMAC Commercial Holding Corp.

March 1, 2005




Assertion of Management of GMAC Commercial Mortgage Corporation

As of December 31, 2004, and for the fiscal year then ended, GMAC Commercial
Mortgage Corporation (the "Servicer") has complied in all material respects with
the minimum servicing standards set forth in the Servicer's minimum Special
Servicing Policy (attached in Exhibit III), which has derived from the Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers ("USAP").

As special servicer for the transactions included in Exhibit II, the Company
only performs certain functions with respect to loan servicing.

As of and for this same period, the Servicer had in effect a fidelity bond and
errors and omissions policy in the amount of $40,000,000.



/s/ Robert D. Feller
Robert D. Feller
Chief Executive Officer

Date

/s/ Eric R. Lindner
Eric R. Lindner
Executive Vice President Real Estate Services Group

Date

/s/Wayne D. Hoch
Wayne D. Hoch
Executive Vice President and
Chief Financial Officer

Date

Exhibit II

GMAC COMMERCIAL MORTGAGE CORPORATION

TRANSACTIONS ASSOCIATED WITH SPECIAL SERVICING
RESPONSIBILITIES

 Deal Name         Description

OSEC 1995-1        Oregon Commercial Mortgage (OSEC), Series 1995-1
MCF 1996-MC1       Mortgage Capital Funding, Series 1996-MC1
GMAC 1996-C1       GMAC Commercial Mortgage Securities, Series 1996-C1
GMAC 1996-C2       GMAC Commercial Mortgage Securities, Series 1996-C2
MCF 1996-MC2       Mortgage Capital Funding, Series 1996-MC2
MS 1997-C1         Morgan Stanley Capital I, Series 1997-C1
GS 1997-GL1        GS Mortgage Securities Corp. II, Series 1997-GL1
GMAC 1997-C1       GMAC Commercial Mortgage Securities, Series 1997-Cl
MLMI 1995-C2       Merrill Lynch Mortgage Investors, Series 1995-C2
LB SASCO 1997-LL1  Lehman Brothers LLI (SASCO 1997-LL1), Series 1997-LLI
SL 1997-C1         SL Commercial Mortgage Trust(SUN LIFE), Series 1997-C1
GMAC 1997-C2       GMAC Commercial Mortgage Securities, Series 1997-C2
FNMA 1998-M1       Fannie Mae Multifamily Remic Trust, Series 1998-M1
LB 1998-C1         LB Commercial Mortgage Trust, Series 1998-C1
LTT 1998-1         Liberty Tower Trust I, Series 1998-1
MLMI 1998-C1-CTL   Merrill Lynch Mortgage Loans, Series 1998-C1-CTL
GMAC 1998-C1       GMAC Commercial Mortgage Securities, Series 1998-C1
LTC 1998-1         LTC REMIC Corporation (partial Special Servicer) LTC, Series
                   1998-1
GS 1998-GL2        GS Mortgage Securities Corp. II, Series 1998-GL2
GMAC 1998-C2       GMAC Commercial Mortgage Securities, Series 1998-C2
GS 1998-C1         GS Mortgage Securities Corp. II, Series 1998-Cl
Chase 1998-2       Chase Commercial Mortgage Securities Corp., Series 1998-2
MS 1998-HF2        Morgan Stanley Capital I, Series 1998-HF2
GMAC 1999-C1       GMAC Commercial Mortgage Securities, Series 1999-C1
MS 1999-WF1        Morgan Stanley Capital I, Series 1999-WF1
BTR 1999-S1        BTR-2 Trust, Series 1999-S1
BS 1998-C1         Bear Stearns Commercial Mortgage Securities Inc.,
                   Series 1998-C1
GMAC 1999-C2       GMAC Commercial Mortgage Securities, Series 1999-C2
GMAC Healthfund I  GMACHealthfund I, Series 1999-1
1999-1
GMAC Healthfund I  GMAC Healthfund I, Series 1999-2
1999-2
LB 1999-C1         LB Commercial Mortgage Trust, Series 1999-C1
BS 1999-WF2        Bear Stearns Commercial Mortgage Securities Inc.,
                   Series 1999-WF2
DLJ 1999-CG3       DLJ Commercial Mortgage Corp. Series 1999-CG3
DLJ l994-MF1       DLJ Mortgage Acceptance Corporation, Series 1994-MF1
GMAC 1999-C3       GMAC Commercial Mortgage Securities, Series 1999-C3
GMAC 1999-CTL1     GMAC Commercial Mortgage Securities, Series 1999-CTL1
BS 2000-WF1        Bear Stearns Commercial Mortgage Securities Inc.,
                   Series 2000-WF1
GMAC 2000-Cl       GMAC Commercial Mortgage Securities, Series 2000-C1
ASC 1996-MD VI     Asset Securitization Corp., Series I996-MD6
DLJ 2000-CF1       DLJ Commercial Mortgage Corp. Series 2000-CF1
PNC 2000-C1        PNC Mortgage Acceptance Corp., Series 2000-C1
SB 2000-C1         Salomon Brothers Mortgage Securities VII, Series 2000-C1
GMAC 2000-FL-A     GMAC Commercial Mortgage Securities. Series 2000-FLA
GMAC 2000-FL1      GMAC Commercial Mortgage Securities, Series 2000-FL1
LTC 1996-1         LTC Remic Corp., Series 1996-1
DLJ 1998-STF2      DLJ Commercial Mortgage Corp. Series 1998-STF2
GMAC 2000-C2       GMAC Commercial Mortgage Securities, Series 2000-C2
SB 1999-C1         Salomon Brothers Mortgage Securities VII, Series 1999-C1
BACM 2000-1        Bank Of America Commercial Mortgage, Series 2000-1
MSDW 2000-LIFE2    Morgan Stanley Dean Witter Capital I, Series 2000-Life2
BS 2000-WF2        Bear Stearns Commercial Mortgage Securities Inc.,
                   Series 2000-WF2
MLML 2000-C4       Merrill Lynch Mortgage Loans, Series 2000-Canada 4
GMAC 2000-FL-F     GMAC Commercial Mortgage Securities, Series 2000-FLF
GMAC MTI 2000-FE   GMACCM Mortgage Trust I, Series 2000-FE
GMAC 2000-C3       GMAC Commercial Mortgage Securities, Series 2000-C3
CCA One, Series 2  Commercial Capital Access One (DYNEX), Series 2
CCA One, Series 3  Commercial Capital Access One (DYNEX), Series 3
MSDW 2001-TOP1     Morgan Stanley Dean Witter Capital I. Series 2001-Top1
GMAC 2001-FL1      GMAC Commercial Mortgage Securities, Series 2001-FL1
GMAC 2001-Cl       GMAC Commercial Mortgage Securities, Series 2001-C1
CSFB 2001-CF2      Credit Suisse First Boston Mortgage Securities Corp.,
                   Series 2001-CF2
BS 2001-TOP2       Bear Stearns Commercial Mortgage Securities Inc., Series
                   2001-Top2
MLFA 2001-C5       Merrill Lynch Financial Assets, Series 2001-Canada 5
GWING 2001-WH1     GMAC Commercial Mortgage Securities (G-Wing Ltd.),
                   Series 2001-WH1
GS 2001-Rock       GS Mortgage Securities Corp. II, Series 2001-Rock
GMAC 2001-FLA      GMAC Commercial Mortgage Securities, Series 2001-FLA
GMAC 2001-C2       GMAC Commercial Mortgage Securities, Series 2001-C2
GS 2001-1285       GS Mortgage Securities Corp. II, Series 2001-1285
MSDW 2001-TOP3     Morgan Stanley Dean Witter Capital I, Series 2001-Top3
Solar Trust 2001-1 Commercial Mortgage Origination Company of Canada,
                   Solar 2001-1
GS 2001-GL3        GS Mortgage Securities Corp. II, Series 2001-GL III
COMM 2001-J2       Deutsche Mortgage & Asset Receiving Corp., Series COMM
                   2001-J2
MSDW 2001-FRM      MSDW (Freehold Raceway Mall Trust), Series 2001-FRM
MSDW 2001-IQ       Morgan Stanley Dean Witter Capital I, Series 2001-IQ
JPMC 2001-A        JP Morgan Chase Commercial Mortgage Securities Corp.,
                   Series 2001-A
BS 2001-TOP4       Bear Stearns Commercial Mortgage Securities Inc., Series
                   2001-Top4
MSDW 2001-TOP5     Morgan Stanley Dean Witter Capital I, Series 2001-Top5
GMAC MT1 2001-A1   GMACCM Mortgage Trust I, Series 2001-A1
DLJ 1998-CF1       DLJ Commercial Mortgage Corp. Series 1998-CF1
GMAC 2002-C1       GMAC Commercial Mortgage Securities, Series 2002-C1
JPMC 2001-CIBC1    JP Morgan Chase Commercial Mortgage Securities Corp., Series
                   2001-CIBC1
GECC 2001-2        GE Capital Commercial Mortgage Corp., Series 2001-2
LB UBS 2000-C4     LB-USB Commercial Mortgage Trust, Series 2000-C4
BS 2002-TOP6       Bear Stearns Commercial Mortgage Securities Inc., Series
                   2002-Top6
GMAC 2002-LT       GMAC Commercial Mortgage Securities, Series 2002-LT
MSDW 2002-HQ       Morgan Stanley Dean Witter Capital I, Series 2002-HQ
GECC 2002-1        GE Capital Commercial Mortgage Corp., Series 2002-1
GMAC 2002-FL1      GMAC Commercial Mortgage Securities, Series 2002-FL1
MLFA 2002-C7       Merrill Lynch Financial Assets, Series 2002-Canada 7
CDC 2002-FX1       CDC Commercial Mortgage Trust, Series 2002-FX1
MSDW 2002-TOP7     Morgan Stanley Dean Witter Capital I, Series 2002-Top7
GMAC 2002-C2       GMAC Commercial Mortgage Securities, Series 2002-C2
GS 2002-GSFL5      GS Mortgage Securities Corp. II, Series 2002-GSFL V
BASS 2002-X1       Bank Of America Structured Securities, Series 2002-X1
CCIC 2002-CCL1     Column Canada Issuer Corp., Series 2002-CCL1
GMAC CA 2002-FL1   GMAC Commercial Mortgage of Canada, Series 2002-FL1
CARC 2002-1        WP Carey Commercial Mortgage Trust, Series 2002-1
MLFA 2002-C8       Merrill Lynch Financial Assets, Series 2002-Canada 8
GMAC 2002-C3       GMAC Commercial Mortgage Securities, Series 2002-C3
CSFB 2002-CP5      Credit Suisse First Boston Mortgage Securities Corp., Series
                   2002-CP5
MSDW 2002-IQ3      Morgan Stanley Dean Witter Capital I, Series 2002-IQ3
G-MAX 2002-FLA     GMAC Commercial Holding Capital Markets, Corp., Series
                   G-MAX 2002-FL-A
Solar Trust 2002-1 Commercial Mortgage Origination Company of Canada , Solar
                   2002-1
GMAC 2002-FX1      GMAC Commercial Holding Capital Markets, Corp., Series
                   GMAC 2002-FX1
GMAC 2003-FL1      GMAC Commercial Mortgage Securities, Series 2003-FL1
GECC 2003-C1       GE Capital Commercial Mortgage Corp., Series 2003-C1
MLFA 2003-C9       Merrill Lynch Financial Assets, Series 2003-Canada 9
GMAC 2003-C1       GMAC Commercial Mortgage Securities, Series 2003-C1
Solar Trust 2003-CC1 Commercial Mortgage Origination Company of Canada,
                   Solar 2003-CC1
LBUBS 2003-C3      LB-UBS Commercial MortgageTrust, Series 2003-C1
CALW-2003          Calwest Industrial Trust II, series 2003-CALW
GMAC 2003-PMSRLP   GMAC Commercial Mortgage Asset Corp., Series
                   GMAC 2003-PMSRLP
GCCFC 2003-C1      Greenwich Capital Commercial Funding Corp, Series GCCFC
                   2003-C1
MLFA 2003-C10      Merrill Lynch Financial Assets, Series 2003-Canada 10
MSCI 2003-XLF      Morgan Stanley Capital I Inc., Series 2003-XLF
GMAC 2003-DE       GMAC Commercial Mortgage Asset Corp., Series GMAC 2003-Double
                   Eagle
GMAC 2003-C2       GMAC Commercial Mortgage Securities, Series 2003-C2
BS 2003-PWR2       Bear Sterns Commercial Mortgage Securities Inc., Series
                   2003-PWR2
GFCM 2003-1        GFCM, Commercial Mortgage, , Series 2003-1
GMAC 2003-FLA      GMAC Commercial Mortgage Asset Corp., Series 2003-FLA
IPS 2003-1         IPS 2003-1
GMAC 2003-FL-SNF   GMAC Commercial Mortgage Asset Corp. Series 2003 FL-SNF
MLFA 2003-C11      Merrill Lynch Financial Assets, Series 2003-Canada 11
MSCI 2004-HQ3      Morgan Stanley Capital I Inc., Series 2004-HQ3
Resource 1995-C2   Mortgage Capital Access One, Series-1993
CCMTI 2004-FL1     Citigroup Commercial Mortgage Securities Inc.,
                   Series 2004-FL1
ACMF 1997-C1       Amresco Commercial Mortgage Funding I Corp, Series 1997-C1
ARTESIA 1998-C1    Artesia Mortgage CMBS, Series 1998-C1
BS 1999-C1         Bear Sterns Commercial Mortgage Securities, Series 1999-C1
Chase 1997-1       Chase Commercial Mortgage Securities Corp, Series 1997-1
Chase 2000-2       Chase Commercial Mortgage Securities Corp., Series 2000-2
CDC 1998-ST I      CDC Commercial Trust, Series 1998-ST I
Crystal 1996-1     Crystal Run Property 1996-1
CMAC 1996-2        Commercial Mortgage Acceptance Corp., Series 1996-2
CSFB 1997-PS1      Credit Suisse First Boston Mortgage Securities Corp.,
                   1997-PS1
CSFB 1998-PS2      Credit Suisse First Boston Mortgage Securities Corp., Series
                   1998-PS2
CSFB 1999-PS3      Credit Suisse First Boston Mortgage Securities Corp., Series
                   1999-PS3
CSFB 2000-PS4      Credit Suisse First Boston Mortgage Securities Corp., Series
                   2000-PS4
CSFB 2001-SPG1     Credit Suisse First Boston Mortgage Securities Corp., Series
                   2001-SPG1
DLJ 1993-MF17      DLJ Commercial Mortgage Corp. Series 1993-MF17
FC 1994-1          Forest City 1994-1
GECC 2000-1        GE Capital Commercial Mortgage Corp., Series 2000-1
GGPMP 2001-GGPI    GGP Mall Property Trust, 2001-GGP1
IStar 2002-1       IStar Asset Receivable Trust 2002-1
IStar 2003-1       IStar Asset Receivable Trust 2003-1
JPMC 1995-C1       JP Morgan Commercial Mortgage Finance Corp., Series 1995-Cl
JPMC 1996-C2       JP Morgan Commercial Mortgage Finance Corp., Series 1996-C2
JPMC 1997-C5       JP Morgan Commercial Mortgage Finance Corp., Series 1997-C5
JPMC 2003-C1       JP Morgan Commercial Mortgage Finance Corp., Series 2003-Cl
Lakewood 1995-C1   Lakewood 1995-Cl
LB UBS 2001-C7     LB/UBS (SASCO) 2001-C7
LB UBS 2002-C2     LB/UBS (SASCO) 2002-C2
MLMT 2002 MW1      Merrill Lynch Mortgage Trust Commercial Mortgage,
                   Series 2002 MW1
MLMI 1998-C2       Merrill Lynch Mortgage Investor, Series 1998-C2
MS 1995-GAL1       Morgan Stanley Capital I, Series 95-GALI
MS 1997-HF1        Morgan Stanley Capital I, Series 1997-HFI
MSDW 2002-IQ2      MS Dean Witter Capital I Trust, Series 2002-IQ2
NATIONSLINK, 1996-1 NationsLink Funding Corp., Series 1996-1
NOMURA 1996 D-2    Nomura Asset Securities Corp., 1996 D-2
NOMURA 1996-MD V   Nomura Asset Securities Corp., 1996-MD V
NOMURA 1997-D4     Nomura Asset Securities Corp., 1997-D4
PM 1996-PML        Penn Mutual, Series 1996-PML
SDG Macerich CMO   SDG Macerich Funding Limited Partnership, CMO
Wachovia 2002-C2   Wachovia Bank Commercial Mortgage Trust, Series 2002-C2
BS 2004-BBA3       Bear Stearns Commercial Mortgage Securities Inc., Series
                   2004-BBA3
COMM-FL9           COMM-FL9
REAL 2004-1        Real Estate Asset Liquidity Trust, 2004-1
LB USB 2004-C7     LB-UBS Commercial Mortgage Trust, 2004-C7



Exhibit III


GMAC COMMERCIAL MORTGAGE CORPORATION

MINIMUM SPECIAL SERVICING POLICY


I. DELINQUENCIES

     Records documenting collections efforts shall be maintained during the
     period a loan is in default and shall be updated at least monthly. Such
     records shall describe the entity's activities in monitoring delinquent
     loans including, for example, phone calls, letters and mortgage payment
     rescheduling plans in cases where the delinquency is deemed temporary (e.g.
     illness or unemployment).
II. INSURANCE POLICIES
  1. A fidelity bond and errors and omissions policy shall be in effect on the
     servicing entity throughout the reporting period in the amount of coverage
     represented to investors in management's assertion.





  EX-99.2 (b)
(logo) WELLS FARGO

Commercial Mortgage Servicing
P.O. Box 4036, Concord, CA 94524
1320 Willow Pass Rd., Ste. 205
Concord, CA 94520
800 986-9711


Management Assertion
February 25, 2005


As of and for the year ended December 31, 2004, Wells Fargo Commercial Mortgage
Servicing, a division of Wells Fargo Bank, N.A., which is a wholly owned
subsidiary of Wells Fargo & Company, complied in all material respects with the
minimum servicing criteria set forth in the Mortgage Bankers Association of
America's (MBA) Uniform Single Attestation Program for Mortgage Bankers (USAP),
except for minimum servicing standards V.4 and VI.1, which the MBA has
interpreted as being inapplicable to the servicing of commercial and
multi-family loans. As of and for the year ended December 31, 2004, Wells Fargo
Commercial Mortgage Servicing had in effect a fidelity bond in the amount of
$50,000,000 and errors and omissions policy in the amount of $50,000,000.

Very Truly Yours,

Wells Fargo Commercial Mortgage Servicing


/s/ Daniel Bober
Daniel Bober
Senior Vice President
Wells Fargo Commercial Mortgage Servicing

/s/ Lisa Collins
Lisa Collins
Vice President
Wells Fargo Commercial Mortgage Servicing Operations





  EX-99.3 (a)
(logo) GMAC
Commercial Mortgage
550 California Street, 12th Floor
San Francisco, CA 91104
Tel. 415-835-9200
Fax  415-391-2949



Morgan Stanley Capital I, Inc.
Series 2004-HQ4
Annual Statement as to Compliance
For Period of October 1 through December 31, 2004


Pursuant to section 9.18 of the Pooling and Servicing Agreement, I attest that:


(A) A review of the activities of GMAC Commercial Mortgage as Special Servicer
    during the period, and of its performance under this Agreement, has been
    made under my supervision.

(B) To the best of my knowledge, based on such review, GMAC Commercial Mortgage
    as Special Servicer, has fulfilled all its obligations under this Agreement
    in all material respects throughout the period.



/s/ Michele Heisler
Michele Heisler
Vice President, Commercial Mortgage Corporation

Date: 3/17/05





  EX-99.3 (b)
ANNUAL STATEMENT AS TO COMPLIANCE
OFFICER'S CERTIFICATE


RE: Morgan Stanley Dean Witter Capital I Inc., Commercial Mortgage Pass-
Through Certificates, Series 2004-HQ4

In accordance with Section 8.12 of the Pooling and Servicing Agreement, (the
"Agreement") dated October 1, 2004 executed by and between Morgan Stanley
Dean Witter Capital I Inc., (as "Depositor"), Wells Fargo Bank National
Association, (as "Master Servicer"),GMAC Commercial Mortgage Corporation, (as
"Special Servicer"), LaSalle Bank National Association, (as "Trustee"), and ABN
AMRO Bank N.V., (as "Fiscal Agent") and Wells Fargo Bank, National Association,
(as "Paying Agent" and as "Certificate Registrar") as authorized officer of the
Master Servicer I certify that (A) a review of the activities of the Master
Servicer during the preceding calendar year or portion thereof and of the
performance of the Master Servicer under this Agreement has been made under
such officer's supervision and (B) to the best of such officer's knowledge,
based on such review, the Master Servicer has fulfilled all its obligations
under this Agreement in all material respects throughout such year.

Wells Fargo Bank, National Association
"Master Servicer"



/s/ David Huebner
David Huebner
Vice President
Wells Fargo Bank National Association
Commercial Mortgage Servicing





  Ex-99.4

   Schedule of Year-To-Date Principal and Interest Distributions to
   Certificateholders


   <TABLE>

   Class                              Interest             Principal               Losses             Ending Balance
   
                       <c>                    <c>                  <c>                 <c>
   A-1                               80,163.91          1,514,063.66                 0.00              16,455,936.34
   A-2                              326,666.66                  0.00                 0.00              50,000,000.00
   A-3                              351,666.66                  0.00                 0.00              50,000,000.00
   A-4                              538,800.00                  0.00                 0.00              72,000,000.00
   A-5                              940,950.00                  0.00                 0.00             123,000,000.00
   A-6                              966,000.00                  0.00                 0.00             120,000,000.00
   A-7                            6,429,664.16                  0.00                 0.00             776,217,000.00
   B                                129,229.08                  0.00                 0.00              15,415,000.00
   C                                158,884.00                  0.00                 0.00              18,840,000.00
   D                                116,238.64                  0.00                 0.00              13,702,000.00
   E                                205,811.16                  0.00                 0.00              23,978,000.00
   F                                 89,743.74                  0.00                 0.00              10,276,000.00
   G                                108,803.20                  0.00                 0.00              11,989,000.00
   H                                109,202.83                  0.00                 0.00              11,989,000.00
   J                                140,408.85                  0.00                 0.00              15,415,000.00
   K                                 40,162.04                  0.00                 0.00               5,138,000.00
   L                                 40,162.04                  0.00                 0.00               5,138,000.00
   M                                 40,169.86                  0.00                 0.00               5,139,000.00
   N                                 13,382.14                  0.00                 0.00               1,712,000.00
   O                                 26,779.90                  0.00                 0.00               3,426,000.00
   P                                 26,772.08                  0.00                 0.00               3,425,000.00
   Q                                120,496.48                  0.00                 0.00              15,415,328.00
   R-I                                    1.12                  0.00                 0.00                       0.00
   R-II                                   0.00                  0.00                 0.00                       0.00
   R-III                                  0.00                  0.00                 0.00                       0.00
   S                                      0.00                  0.00                 0.00                       0.01
   X-1                              221,788.56                  0.00                 0.00           1,368,670,264.34
   X-2                            1,255,345.27                  0.00                 0.00           1,310,179,000.00
   </TABLE>