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                                                           OMB APPROVAL
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------                                              OMB Number:   3235-0287
FORM 4                                              Expires: December 31, 2001
------                                              Estimated average burden
                                                    hours per response .... 0.5
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                             UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                           WASHINGTON, D.C. 20549

                               STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
    longer subject to         Filed pursuant to Section 16(a) of the Securities
    Section 16. Form 4            Exchange Act of 1934, Section 17(a) of the
    or Form 5 obligations         Public Utility Holding Company Act of 1935
    may continue. See              or Section 30(f) of the Investment Company
    Instruction 1(b).                           Act of 1940


(Print or Type Responses)


                                                                                                       
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person(s)
    Stoddard,  George  E.                          W.P. Carey & Co. LLC ("WPC")                   to Issuer (Check all applicable)
---------------------------------------------------------------------------------------------    X  Director         10% Owner
  (Last)          (First)          (Middle)    3. I.R.S. Identification   4. Statement for   ----              ---
                                                  Number of Reporting        Month/Year          Officer (give    Other (specify
         11 Cedar Place                           Person, if an entity       June 2001       ----        title ---       below)
---------------------------------------------    (voluntary)             ------------------              below)
                 (Street)                                                                            ----------------------------
                                                                         ---------------------------------------------------------
                                                                          5. If Amendment,    7. Individual or Joint/Group Filing
                                                                             Date of Original    (Check Applicable Line)
                                                                             (Month/Year)         X   Form filed by One
                                                                                                 ---- Reporting Person
                                                                                                      Form filed by More than
   Eastchester,       NY             10707                                                         ---- One Reporting Person
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  (City)           (State)           (Zip)     TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-   4. Securities Acquired (A)   5.  Amount of Securities     6. Ownership
  (Instr. 3)                       action      tion          or Disposed of (D)            Beneficially Owned          Form: Direct
                                   Date        Code          (Instr. 3, 4 and 5)           at End of Month             (D) or
                                               (Instr. 8)                                  (Instr. 3 and 4)            Indirect (I)
                                  (Month/                                                                              (Instr. 4)
                                   Day/   ---------------------------------------
                                   Year)  Code    V       Amount  (A) or   Price
                                                                  (D)
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Common Stock                     6/14/01   P              1,063     A        $14.11              66,063           D
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FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

                                                                                                
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of
   (Instr. 3)                Exercise     Date       Code        Securities Ac-   Expiration      Securities            Deriv-
                             Price of     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity
                             Security                            and 5)                                                 (Instr. 5)
                                                                               -----------------------------------
                                                                               Date    Expira-            Amount or
                                                    -------------------------- Exer-   tion       Title   Number of
                                                    Code  V     (A)     (D)    cisable Date               Shares
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1. Title of Derivative       9. Number of           10. Ownership
   Security                     Derivative              Form of
   (Instr. 3)                   Securities              Derivative
                                Beneficially            Securities:
                                Owned at End            Beneficially
                                of Month                Owned at
                                (Instr. 4)              End of Month
                                                        (Instr. 4)
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Explanation of Responses:

           /s/ George E. Stoddard          7/10/01
          ------------------------------- --------
          **Signature of Reporting Person    Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

       * If the form is filed by more than one reporting person, see Instruction 4(b)(v).

      ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
         See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)

Note: File three copies of this Form, one of which must be manually signed.
  If space is insufficient, see Instruction 6 for procedure.

http://www.sec.gov/divisions/corpfin/forms/4.htm
Last update: 11/05/1999