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                                                                    EXHIBIT 99.1


                                     FORM OF
                              NOTICE OF REDEMPTION

                                 March 30, 2001

                     TO THE HOLDERS OF CAMDEN PROPERTY TRUST
                SERIES A CUMULATIVE CONVERTIBLE PREFERRED SHARES
                             OF BENEFICIAL INTEREST

     NOTICE IS HEREBY  GIVEN that Camden  Property  Trust (the  "Company")  will
redeem  all of the  issued  and  outstanding  Series  A  Cumulative  Convertible
Preferred  Shares of  Beneficial  Interest  (the  "Shares") of the Company as of
April 30, 2001 (the "Redemption Date") at a redemption price of $25.00 per Share
plus an amount equal to all accumulated,  accrued and unpaid dividends as of the
Redemption Date (collectively, the "Redemption Price").

     On the Redemption Date, the Redemption Price will become due and payable on
the Shares. To obtain the Redemption Price,  please complete the enclosed Letter
of  Transmittal  and  forward  it  along  with  your   certificate(s)   formerly
representing  Shares,  by mail or hand  delivery,  to American  Stock Transfer &
Trust  Company.  A  self-addressed  envelope is enclosed  for your  convenience.
Instructions for completing the Letter of Transmittal are set forth on the pages
following  the Letter of  Transmittal.  All holders of Shares must  complete and
return the Letter of Transmittal  and enclose their  certificate(s)  in order to
obtain payment of the Redemption Price.

     Please contact  Investor  Relations at (800)  922-6336  should you have any
questions.

                                        By Order of the Board of Trust Managers,



                                        G. Steven Dawson
                                        Senior Vice President-Finance, Chief
                                        Financial Officer and Secretary