COUSINS PROPERTIES INC — Director's Dealing 2004

May 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2004-03-01

Reporting Person: COURTS RICHARD W II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-01	Common Stock	G	7500	—	Acquired	77859	Direct
2004-05-04	Common Stock	A	534	$29.04	Acquired	78393	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12309	Indirect
Common Stock	387751	Indirect
Common Stock	3375	Indirect
Common Stock	1687500	Indirect

Footnotes

F1: 1,216 shares held by the reporting person through an Individual Retirement Plan. 10,274 shares held by the reporting person through a Simplified Employee Pension Plan.

F2: Stock granted in lieu of cash for director's fees under the Cousins Properties Incorporated 1999 Incentive Stock Plan.

F3: Shares held by the reporting person's wife.

F4: Shares held by the Courts Foundation for which the reporting person serves as President.

F5: Shares held by Atlantic Investment Company in a profit sharing account for which the reporting person serves as Chairman.

F6: Shares held by Atlantic Investment Company for which the reporting person serves as Chairman.