Pricing Supplement dated November 1, 2000 Rule 424(b)(2) (To Prospectus dated August 14, 2000 and File No. 333-81913 Prospectus Supplement dated September 5, 2000) CUSIP: 939671AC7 WASHINGTON REAL ESTATE INVESTMENT TRUST Medium-Term Notes, Series B - Fixed Rate ________________________________________________________________________________ Principal Amount: $55,000,000 Interest Rate: 7.78% Agents' Discount or Commission:$247,500 Stated Maturity Date: November 15, 2004 Net Proceeds to Issuer: $54,752,500 Original Issue Date: November 6, 2000 ________________________________________________________________________________ Interest Payment Dates: May 15 and November 15 of each year, commencing May 15, 2001. Redemption: The Notes cannot be redeemed prior to the Stated Maturity Date. Optional Repayment: The Notes cannot be repaid prior to the Stated Maturity Date. Currency: U.S. dollars Original Issue Discount: [_] Yes [X] No Form: [X] Book-Entry [_] Certificated Agents: Merrill Lynch, Pierce, Fenner & Smith Incorporated BB&T Capital Markets/Scott & Stringfellow, Inc. Banc One Capital Markets, Inc. Credit Suisse First Boston Corporation Deutsche Bank Securities Inc. A.G. Edwards & Sons, Inc. Legg Mason Wood Walker, Incorporated Salomon Smith Barney Inc. Agents acting in the capacity as indicated below: [_] Agent [X] Principal If as Principal: [_] The Notes are being offered at varying prices related to prevailing market [X] The Notes are being offered at a fixed initial public offering price of 100% of the principal amount.