FRANKLIN STREET PROPERTIES CORP /MA/
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>4
<FILENAME>ex10-4.txt
<TEXT>

                                                                    Exhibit 10.4


Compensation of Directors

Franklin Street Properties Corp. (the "Company") compensates its non-management
directors for their services as directors in the annual amount of $55,000, plus
an additional $10,000 annually for the Chair of the Audit Committee. The Company
also reimburses its non-management directors for expenses incurred by them in
connection with attendance at Board meetings.
</TEXT>
</DOCUMENT>
