STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

Estimated average burden
OMB Number:			3235-0287
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BLAIR BRYCE

(Last)

(First)

(Middle)

C/O AVALONBAY COMMUNITIES, INC.

2900 EISENHOWER AVE., SUITE 300

(Street)

ALEXANDRIA

22314

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AVALONBAY COMMUNITIES INC [ AVB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

**Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned**
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.01 per share	02/06/2007		M		45,874	A	$45.95	234,708.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		1,274	D	$147.45	233,434.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		400	D	$147.27	233,034.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		100	D	$147.25	232,934.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		200	D	$147.19	232,734.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,300	D	$147.15	229,434.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		300	D	$146.98	229,134.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		100	D	$146.97	229,034.318	D
Common Stock, par value $.01 per share	02/06/2007		S		400	D	$146.96	228,634.318	D
Common Stock, par value $.01 per share	02/06/2007		S		2,200	D	$146.95	226,434.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		200	D	$146.21	226,234.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,200	D	$146.2001	223,034.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		600	D	$146.2	222,434.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		8,600	D	$146	213,834.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		100	D	$145.9	213,734.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		200	D	$145.89	213,534.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		100	D	$145.88	213,434.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		600	D	$145.87	212,834.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,100	D	$145.75	209,734.31⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		100	D	$145.71	209,634.31⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,800	D	$145.68	205,834.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		200	D	$145.66	205,634.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		400	D	$145.65	205,234.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,600	D	$145.62	201,634.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		3,800	D	$145.56	197,834.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		500	D	$145.54	197,334.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		200	D	$145.53	197,134.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		300	D	$145.52	196,834.318⁽¹⁾	D
Common Stock, par value $.01 per share	02/06/2007		S		700	D	$145.51	196,134.318⁽¹⁾	D
Common Stock, par value $.01 per share								300⁽²⁾	I	Held in trust for children

**Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned**
**(e.g., puts, calls, warrants, options, convertible securities)**
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$45.95	02/06/2007		M			45,874	02/13/2002⁽³⁾	02/13/2011	Common Stock	45,874⁽³⁾	$0.00⁽³⁾	514,229⁽⁴⁾	D

Explanation of Responses:

1. The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

2. No transaction is reported. Reflects shares held in trust for children.

3. The options exercised were included in options granted on February 13, 2001, which become exercisable in three equal annual installments beginning on February 13, 2002.

4. The number of derivative securities beneficially owned following the reported transaction includes options granted in prior periods with varying exercise prices and vesting dates. Following the reported transaction the reporting person holds no more options that expire on February 13, 2011 with an exercise price of $45.95.

Remarks:

	Edward M. Schulman, as attorney-in-fact under Power of Attorney dated January 1, 2000	02/08/2007
	** 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.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

4: Statement of changes in beneficial ownership of securities

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP