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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                    FORM 8-K

                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                                 AUGUST 5, 2004
                                (Date of Report)



                       MANUFACTURED HOME COMMUNITIES, INC.
             (Exact name of registrant as specified in its Charter)



                                     1-11718
                              (Commission File No.)



               MARYLAND                                      36-3857664
   (State or other jurisdiction of                        (I.R.S. Employer
    incorporation or organization)                       Identification No.)


      TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS                60606
        (Address of principal executive offices)               (Zip Code)


                                 (312) 279-1400
              (Registrant's telephone number, including area code)


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ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE


         Manufactured Home Communities, Inc. (NYSE: MHC) announced that its
Board of Directors declared a dividend of 1.25 cents per share, representing, on
an annualized basis, a dividend of 5 cents per share. The dividend will be paid
on October 8, 2004 to shareholders of record on September 24, 2004.


         The forward-looking statements contained herein are subject to certain
risks and uncertainties including, but not limited to, the Company's ability to
maintain rental rates and occupancy with respect to properties currently owned
or pending acquisitions; the Company's assumptions about rental and home sales
markets; the completion of pending acquisitions and timing with respect thereto;
the effect of interest rates as well as other risks indicated from time to time
in the Company's filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement forward-looking statements
that become untrue because of subsequent events.




SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.








                                     MANUFACTURED HOME COMMUNITIES, INC.




                                     BY:  /s/ Michael B. Berman
                                        -------------------------------
                                          Michael Berman
                                          Vice President, Treasurer and
                                            Chief Financial Officer






DATE:  August 5, 2004
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