<html>

<head>






</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">
 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p align="right" style="border:none;font-size:10.0pt;margin:0pt 0pt 12.0pt;padding:0pt;text-align:right;"><a name="scotch"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registration No. 333- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></a>&nbsp;</p> </div>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WASHINGTON, D.C.
20549</font></b></p>

<div style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;">

</font></b></div>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM S-8</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">REGISTRATION STATEMENT UNDER<br>
THE SECURITIES ACT OF 1933</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">VENTAS,
INC.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in
its charter)</font></p>

<div style="line-height:9.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:47.74%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Delaware</b></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:4.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:47.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">61-1055020</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:47.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other jurisdiction of<br>
  incorporation or organization)</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:4.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:47.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer<br>
  Identification Number)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="font-size:1.0pt;line-height:1.0pt;margin:0pt 0pt 12.0pt;">&nbsp;</p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">10350 Ormsby Park Place, Suite 300</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Louisville, Kentucky 40223</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">(502) 357-9000</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address, including zip code, and telephone
number, including area code, of principal executive offices)</font></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006 Incentive Plan</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006 Stock Plan for Directors</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Full title of plan)</font></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">T. Richard Riney, Esq.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Counsel</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">10350 Ormsby Park Place, Suite 300</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Louisville, Kentucky 40223</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">(502) 357-9000</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name, address, including zip code, and
telephone number, including area code, of agent for service)</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CALCULATION OF
REGISTRATION FEE </font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="45%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.74%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><!-- SET mrlNoTableShading -->Title&nbsp;of&nbsp;securities&nbsp;to&nbsp;be&nbsp;registered</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.06%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;to&nbsp;be<br>
  registered&nbsp;(1)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.06%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed&nbsp;<br>
  maximum<br>
  offering&nbsp;<br>
  price&nbsp;per<br>
  share&nbsp;(2)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.22%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed&nbsp;<br>
  maximum<br>
  aggregate&nbsp;<br>
  offering<br>
  price&nbsp;(2)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.06%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;of<br>
  registration<br>
  fee</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.74%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock, par value $0.25 per share</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.06%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,400,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.06%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34.99</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.22%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">188,946,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.06%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20,217.22</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="342" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="83" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="75" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="76" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="75" style="border:none;"></td>
  <td width="3" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->(1)</p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.42%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Represents 5,000,000
  shares of Common Stock that are reserved for issuance under the Ventas, Inc.
  2006 Incentive Plan and 400,000 shares of Common Stock that are reserved for
  issuance under the Ventas, Inc. 2006 Stock Plan for Directors, in each case
  including without limitation pursuant to the exercise of options or upon
  redemption or conversion of operating partnership units. In addition, this
  Registration Statement covers an indeterminable number of additional shares
  as may hereinafter be offered or issued to prevent dilution resulting from
  stock splits, stock dividends or similar transactions.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.42%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Estimated solely for
  calculating the amount of the registration fee, pursuant to paragraphs (c)
  and (h) of Rule 457 under the Securities Act of 1933, as amended (the
  &#147;Securities Act&#148;), based on the average of the high and low sales prices of
  the Common Stock as reported on the New York Stock Exchange on July &nbsp;27,
  2006.</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212101622642_D11263_1258417\16899-1-ba.htm',USER='jmsproofassembler',CD='Jul 31 10:16 2006' -->



<br clear="all" style="page-break-before:always;">

<div style="font-family:Times New Roman;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<p style="font-weight:bold;line-height:normal;margin:0pt 36.0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PART II</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0pt 36.0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>

<p style="font-size:10.0pt;margin:12.0pt 0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
3. </font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Incorporation Of Certain
Documents By Reference.</b></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following
documents, filed with the Securities and Exchange Commission (the &#147;Commission&#148;)
by Ventas, Inc. (the &#147;Company&#148;), are incorporated herein by reference:</font></p>

<p style="font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Annual Report on Form 10-K for
the year ended December 31, 2005, filed pursuant to the Securities Exchange Act
of 1934, as amended (the &#147;Exchange Act&#148;).</p>

<p style="font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2006 and June 30, 2006, filed pursuant to the
Exchange Act.</p>

<p style="font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Current Reports on Form 8-K
filed on February 1, 2006; February 28, 2006 (however, we do not incorporate by
reference the information under Item 2.02, Results of Operations and Financial
Condition); May 2, 2006 (however, we do not incorporate by reference the
information under Item 2.02, Results of Operations and Financial Condition);
May 9, 2006; May 16, 2006; and June 20, 2006.</p>

<p style="font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All other reports filed by the Company
pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2005.</p>

<p style="font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The description of Company&#146;s shares of common
stock, par value $0.25 per share (the &#147;Common Stock&#148;), contained in the
Registration Statement filed by the Company with the Commission on Form 8-A,
dated January 22, 1992; and all other amendments and reports filed for the purpose
of updating such description prior to the termination of the offering of the
Common Stock and interests hereby.</p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, all
documents filed by the Company with the Commission pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this
Registration Statement, and prior to the filing of a post-effective amendment
which indicates that all the securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part
hereof from the date of the filing of such documents with the Commission.&#160; Any statement contained in a document
incorporated or deemed to be incorporated by reference shall be deemed to be
modified or superseded for purposes hereof to the extent that a statement
contained herein (or in any other subsequently filed document which also is or
deemed to be incorporated by reference herein) modifies or supersedes such
statement.&#160; Any statement so modified or
superseded shall not be deemed to constitute a part hereof except as so
modified or superseded.</font></p>

<p style="font-size:10.0pt;margin:12.0pt 0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
4. </font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Description of Securities.</b></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->


<br clear="all" style="page-break-before:always;">


<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<p style="margin:12.0pt 0pt .0001pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
5.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Interests of </b><b>Named</b><b> Experts and Counsel.</b></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The legality of the
securities being registered hereunder has been passed upon by T. Richard Riney,
Executive Vice President and General Counsel of the Company.&#160;&#160; Mr. Riney is a full-time employee of the
Company and owns shares and options to purchase shares of the Company&#146;s Common
Stock.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6. </font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Indemnification of Directors and Officers.</b></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 145 of the
Delaware General Corporation Law (the &#147;DGCL&#148;) empowers the Company to, and
Article IX of the Company&#146;s Certificate of Incorporation, as amended, provides
that it will, to the fullest extent authorized by the DGCL, indemnify any
person who was or is made a party or is threatened to be made a party to or is
involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative (&#147;Proceeding&#148;) because he or she is or was a
Company director or officer, or is or was serving at the request of the Company
as a director, officer, employee, trustee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against all expenses,
liabilities and loss (including attorneys&#146; fees, judgments, fines, ERISA (as
defined therein) excise taxes or penalties and amounts paid or to be paid in
settlement) actually and reasonably incurred or suffered by him or her in
connection with such Proceeding.&#160; The Company
may provide by action of its Board of Directors through agreement, resolution
or by a provision in the Company&#146;s Third Amended and Restated Bylaws,
indemnification of its employees and agents with substantially the same scope
and effect as the indemnification provided in Article IX of its Certificate of
Incorporation, as amended.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expenses incurred by
such a person in his or her capacity as one of the Company&#146;s directors or
officers (and not in any other capacity in which service was or is rendered by
such person while a director or officer) in defending a Proceeding may be paid
by the Company in advance of the final disposition of such Proceeding as
authorized by the Board of Directors in a specific case upon receipt of an
undertaking by or on behalf of that person to repay such amounts unless it is
ultimately determined that that person is entitled to be indemnified by the
Company as authorized by the DGCL.&#160;
Expenses incurred by a person in any capacity other than as one of the
Company&#146;s officers or directors may be paid in advance of the final disposition
of a Proceeding on such terms and conditions, if any, as the Board of Directors
of the Company deems appropriate.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Section
102(b)(7) of the DGCL, the Company&#146;s Certificate of Incorporation, as amended,
eliminates certain liability of the Company&#146;s directors for breach of their
fiduciary duty of care.&#160; Article VIII of
the Certificate of Incorporation, as amended, provides that neither the Company
nor its stockholders may recover monetary damages from the Company&#146;s directors
for breach of the duty of care in the performance of their duties as the
Company&#146;s directors.&#160; Article VIII does
not, however, eliminate the liability of the Company&#146;s directors (i) for a
breach of the director&#146;s duty of loyalty, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of
law, (iii) under Section 174 of the DGCL (relating to unlawful distributions),
or (iv) for any improper personal benefit.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The indemnification
provided for by Article IX of the Company&#146;s Certificate of Incorporation, as
amended, is a contract right and continues as to persons who cease to be</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-2',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">directors, officers,
employees or agents and inures to the benefit of the heirs, executors and administrators
of such persons.&#160; No amendment to the
Company&#146;s Certificate of Incorporation, as amended, or repeal of any article
thereof may increase the liability of any of the Company&#146;s directors or
officers for acts or omissions of such persons occurring prior to such
amendment or repeal.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The right to
indemnification conferred by Article IX of the Company&#146;s Certificate of
Incorporation, as amended,&#160; is not
exclusive of any other rights to which those seeking indemnification may be
entitled under any by-law, agreement, vote of stockholders or disinterested
directors or otherwise, both as to actions taken in his or her official
capacity and in any other capacity while holding such office.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company may
purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the Company, or is or was serving at
its request as a director, trustee, officer, partner, employee, or agent of
another domestic or foreign corporation, partnership, joint venture, trust or
other enterprise, against any liability asserted against him or her and
incurred by him or her in such capacity or arising out of his or her status as
such, whether or not the Company would have the power or be obligated to
indemnify him or her against such liability under the provisions of Article IX
of the Company&#146;s Certificate of Incorporation, as amended, or the DGCL.</font></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
currently has in effect officers and directors liability insurance
policies.&#160; These policies cover any
negligent act, error or omission of a director or officer, subject to certain
exclusions.&#160; The limit of liability under
the policies is $65,000,000 in the aggregate annually for coverages in excess
of deductibles.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Exemptions from Registration Claimed.</b></p>

<p style="margin:12.0pt 0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not applicable.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8. </font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Exhibits.</b></p>

<div align="center" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlHTMLTableCenter --><!-- SET mrlNoTableShading -->Exhibit&nbsp;<u><br>
  </u>No.</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006
  Incentive Plan (incorporated herein by reference to Annex A to the Company&#146;s
  definitive Proxy Statement for the 2006 Annual Meeting of Stockholders, filed
  on April 5, 2006).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006 Stock
  Plan for Directors (incorporated herein by reference to Annex B to the
  Company&#146;s definitive Proxy Statement for the 2006 Annual Meeting of
  Stockholders, filed on April 5, 2006).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of
  Incorporation of the Company, as amended (incorporated herein by reference to
  Exhibit 3 to the Company&#146;s Quarterly Report on Form 10-Q for the quarter
  ended September 30, 1995).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment
  to Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 3.1 to the Company&#146;s Quarterly Report on Form 10-Q for
  the quarter ended June 30, 1998).</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-3',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlHTMLTableCenter --><!-- SET mrlNoTableShading -->Exhibit&nbsp;<u><br>
  </u>No.</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Third Amended and Restated
  Bylaws of the Company (incorporated herein by reference to Exhibit 3.2 to the
  Company&#146;s Annual Report on Form 10-K for the year ended December 31, 1997).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Specimen Common Stock
  Certificate (incorporated herein by reference to Exhibit 4.1 to the Company&#146;s
  Annual Report on Form 10-K for the year ended December 31, 1998).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter Agreement dated
  June 24, 2003, by and between the Company and Cohen &amp; Steers Capital
  Management, Inc. relating to a limited waiver of the provisions of Article XII
  of the Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 4.2 to the Company&#146;s Quarterly Report on Form 10-Q for
  the quarter ended June 30, 2003).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. Distribution
  Reinvestment and Stock Purchase Plan (incorporated herein by reference to the
  Company&#146;s Registration Statement on Form S-3, as amended, File No.
  333-65642).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment to the Ventas,
  Inc. Distribution Reinvestment and Stock Purchase Plan (incorporated herein
  by reference to the Prospectus Supplement dated December 8, 2003 to the
  Prospectus dated January 23, 2002 filed pursuant to Rule 424(b)(5) and part
  of the Company&#146;s Registration Statement on Form S-3, as amended, File No.
  333-65642).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of T. Richard
  Riney, Esq., General Counsel of the Company.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Incentive Plan.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Incentive Plan.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.4</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp;
  Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of T. Richard
  Riney, Esq. (contained in Exhibit 5).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:41.95pt;">
  <p align="center" style="margin:0pt 5.0pt .0001pt 0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.85pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="588" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney
  (included on signature page).</font></p>
  </td>
 </tr>
</table>

</div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>Undertakings.</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;line-height:normal;margin:12.0pt 0pt 12.0pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company hereby undertakes:</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To file, during any period in which offers or
sales are being made, a post-effective amendment to this registration
statement:</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-4',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 108.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i) </font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933 (the &#147;Securities Act&#148;);</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 108.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii) </font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To reflect in the prospectus any facts or
events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereto) which, individually or in the
aggregate, represent a fundamental change in the information set forth in the
registration statement; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 108.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:0pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided</font></u>, <u>however</u>,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the Company
pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>That, for the purpose of determining any
liability under the Securities Act, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 12.0pt 72.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;line-height:normal;margin:12.0pt 0pt 12.0pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of
the Company&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;line-height:normal;margin:12.0pt 0pt 12.0pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and
controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable.&#160; In
the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer
or controlling person of the Company in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-5',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="line-height:normal;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0pt 0pt 12.0pt 36.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">policy
as expressed in the Securities Act and will be governed by the final
adjudication of such issue.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-</font><font face="Times New Roman">6</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='II-6',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->


<br clear="all" style="page-break-before:always;">


<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<p style="line-height:normal;margin:0pt 0pt .0001pt 36.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p style="margin:12.0pt 0pt 24.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to
the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration statement to be signed on its
behalf by the undersigned, hereunto duly authorized, in the City of Louisville,
the Commonwealth of Kentucky, on this 31st day of July, 2006.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.56%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->VENTAS, INC.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="27%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.26%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="27%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.26%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="27%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:27.26%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Debra A.
  Cafaro</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="27%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.26%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Debra
  A. Cafaro</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="66%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:66.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="27%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.26%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Chairman
  of the Board,<br>
  Chief Executive Officer and<br>
  President</font></b></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:1.0pt;line-height:1.0pt;margin:0pt 0pt 12.0pt;">&nbsp;</p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned officers and directors of Ventas,
Inc., hereby severally constitute and appoint Debra A. Cafaro, T. Richard Riney
and Richard A. Schweinhart, and each of them, attorneys-in-fact for the
undersigned, in any and all capacities, with the power of substitution, to sign
any amendments to this Registration Statement (including post-effective
amendments) and any subsequent registration statement for the same offering
which may be filed under Rule 462(b) under the Securities Act of 1933, as
amended, and to file the same with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about
the premises, as fully and to all interests and purposes as he or she might or
could do in person, hereby ratifying and confirming all that each said
attorney-in-fact, or his or her substitute or substitutes, may do or cause to
be done by virtue thereof.</font></p>

<p style="margin:12.0pt 0pt;page-break-after:avoid;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.</font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading -->Signature</p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="265" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="105" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Debra A. Cafaro</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" rowspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board, Chief Executive Officer,
  President and Director (Principal Executive Officer)</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Debra A. Cafaro</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading -->Signature</p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="265" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="105" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Richard A. Schweinhart</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" rowspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and Chief Financial Officer
  (Principal Financial Officer)</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Richard A. Schweinhart</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Robert J. Brehl</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" rowspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Accounting Officer and Controller (Principal
  Accounting Officer)</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Robert J. Brehl</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Douglas Crocker II</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Douglas Crocker II</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ronald G. Geary</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Ronald G. Geary</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Jay M. Gellert</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Jay M. Gellert</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Christopher T. Hannon</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Christopher T. Hannon</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Sheli Z. Rosenberg</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sheli Z. Rosenberg</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas C. Theobald</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 31, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="268" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:201.3pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Thomas C. Theobald</font></b></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="265" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:198.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.65pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="105" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:78.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0pt 36.0pt 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXHIBIT INDEX</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Exhibit&nbsp;<br>
  No.</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="602" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006 Incentive
  Plan (incorporated herein by reference to Annex A to the Company&#146;s definitive
  Proxy Statement for the 2006 Annual Meeting of Stockholders, filed on April
  5, 2006).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. 2006 Stock
  Plan for Directors (incorporated herein by reference to Annex B to the
  Company&#146;s definitive Proxy Statement for the 2006 Annual Meeting of
  Stockholders, filed on April 5, 2006).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of
  Incorporation of the Company, as amended (incorporated herein by reference to
  Exhibit 3 to the Company&#146;s Quarterly Report on Form 10-Q for the quarter
  ended September 30, 1995).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certificate of Amendment
  to Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 3.1 to the Company&#146;s Quarterly Report on Form 10-Q for
  the quarter ended June 30, 1998).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Third Amended and
  Restated Bylaws of the Company (incorporated herein by reference to Exhibit
  3.2 to the Company&#146;s Annual Report on Form 10-K for the year ended December
  31, 1997).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Specimen Common Stock Certificate
  (incorporated herein by reference to Exhibit 4.1 to the Company&#146;s Annual
  Report on Form 10-K for the year ended December 31, 1998).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter Agreement dated
  June 24, 2003, by and between the Company and Cohen &amp; Steers Capital
  Management, Inc. relating to a limited waiver of the provisions of Article
  XII of the Certificate of Incorporation of the Company (incorporated herein
  by reference to Exhibit 4.2 to the Company&#146;s Quarterly Report on Form 10-Q
  for the quarter ended June 30, 2003).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ventas, Inc. Distribution
  Reinvestment and Stock Purchase Plan (incorporated herein by reference to the
  Company&#146;s Registration Statement on Form S-3, as amended, File No.
  333-65642).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.9</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment to the Ventas,
  Inc. Distribution Reinvestment and Stock Purchase Plan (incorporated herein
  by reference to the Prospectus Supplement dated December 8, 2003 to the
  Prospectus dated January 23, 2002 filed pursuant to Rule 424(b)(5) and part
  of the Company&#146;s Registration Statement on Form S-3, as amended, File No.
  333-65642).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of T. Richard
  Riney, Esq., General Counsel of the Company.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Incentive Plan.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Incentive Plan.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.3</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Exhibit&nbsp;<br>
  No.</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="602" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.4</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp;
  Young LLP.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of T. Richard
  Riney, Esq. (contained in Exhibit 5).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.0pt;">
  <p align="center" style="margin:0pt 5.0pt .0001pt 0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.1pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="602" valign="top" style="padding:0pt .7pt 0pt 0pt;width:451.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney
  (included on signature page).</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\212134345300_D10466_1258920\16899-1-bc.htm',USER='jmsproofassembler',CD='Jul 31 13:43 2006' -->


</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "a06-16899_1s8.htm", "description": "SECURITIES TO BE OFFERED TO EMPLOYEES PURSUANT TO EMPLOYEE BENEFIT PLANS", "secsgml_size_bytes": 141151}]
{"company-data": {"conformed-name": "VENTAS INC", "cik": "0000740260", "assigned-sic": "6798", "irs-number": "611055020", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-136175", "film-number": "06990864"}, "business-address": {"street1": "10350 ORMSBY PARK PLACE", "street2": "SUITE 300", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "5023579000"}, "mail-address": {"street1": "10350 ORMSBY PARK PLACE", "street2": "SUITE 300", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
Registration No. 333-
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
VENTAS,
INC.
(Exact name of registrant as specified in
its charter)
Delaware
61-1055020
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
10350 Ormsby Park Place, Suite 300
Louisville, Kentucky 40223
(502) 357-9000
(Address, including zip code, and telephone
number, including area code, of principal executive offices)
Ventas, Inc. 2006 Incentive Plan
Ventas, Inc. 2006 Stock Plan for Directors
(Full title of plan)
T. Richard Riney, Esq.
General Counsel
Ventas, Inc.
10350 Ormsby Park Place, Suite 300
Louisville, Kentucky 40223
(502) 357-9000
(Name, address, including zip code, and
telephone number, including area code, of agent for service)
CALCULATION OF
REGISTRATION FEE
Title of securities to be registered
Amount to be
registered (1)
Proposed
maximum
offering
price per
share (2)
Proposed
maximum
aggregate
offering
price (2)
Amount of
registration
fee
Common Stock, par value $0.25 per share
5,400,000
$
34.99
$
188,946,000
$
20,217.22
(1)
Represents 5,000,000
  shares of Common Stock that are reserved for issuance under the Ventas, Inc.
  2006 Incentive Plan and 400,000 shares of Common Stock that are reserved for
  issuance under the Ventas, Inc. 2006 Stock Plan for Directors, in each case
  including without limitation pursuant to the exercise of options or upon
  redemption or conversion of operating partnership units. In addition, this
  Registration Statement covers an indeterminable number of additional shares
  as may hereinafter be offered or issued to prevent dilution resulting from
  stock splits, stock dividends or similar transactions.
(2)
Estimated solely for
  calculating the amount of the registration fee, pursuant to paragraphs (c)
  and (h) of Rule 457 under the Securities Act of 1933, as amended (the
  "Securities Act"), based on the average of the high and low sales prices of
  the Common Stock as reported on the New York Stock Exchange on July  27,
  2006.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item
3.
Incorporation Of Certain
Documents By Reference.
The following
documents, filed with the Securities and Exchange Commission (the "Commission")
by Ventas, Inc. (the "Company"), are incorporated herein by reference:
A.
The Company's Annual Report on Form 10-K for
the year ended December 31, 2005, filed pursuant to the Securities Exchange Act
of 1934, as amended (the "Exchange Act").
B.
The Company's Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2006 and June 30, 2006, filed pursuant to the
Exchange Act.
C.
The Company's Current Reports on Form 8-K
filed on February 1, 2006; February 28, 2006 (however, we do not incorporate by
reference the information under Item 2.02, Results of Operations and Financial
Condition); May 2, 2006 (however, we do not incorporate by reference the
information under Item 2.02, Results of Operations and Financial Condition);
May 9, 2006; May 16, 2006; and June 20, 2006.
D.
All other reports filed by the Company
pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2005.
E.
The description of Company's shares of common
stock, par value $0.25 per share (the "Common Stock"), contained in the
Registration Statement filed by the Company with the Commission on Form 8-A,
dated January 22, 1992; and all other amendments and reports filed for the purpose
of updating such description prior to the termination of the offering of the
Common Stock and interests hereby.
In addition, all
documents filed by the Company with the Commission pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this
Registration Statement, and prior to the filing of a post-effective amendment
which indicates that all the securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part
hereof from the date of the filing of such documents with the Commission.  Any statement contained in a document
incorporated or deemed to be incorporated by reference shall be deemed to be
modified or superseded for purposes hereof to the extent that a statement
contained herein (or in any other subsequently filed document which also is or
deemed to be incorporated by reference herein) modifies or supersedes such
statement.  Any statement so modified or
superseded shall not be deemed to constitute a part hereof except as so
modified or superseded.
Item
4.
Description of Securities.
Not applicable.
Item
5.
Interests of
Named
Experts and Counsel.
The legality of the
securities being registered hereunder has been passed upon by T. Richard Riney,
Executive Vice President and General Counsel of the Company.   Mr. Riney is a full-time employee of the
Company and owns shares and options to purchase shares of the Company's Common
Stock.
Item 6.
Indemnification of Directors and Officers.
Section 145 of the
Delaware General Corporation Law (the "DGCL") empowers the Company to, and
Article IX of the Company's Certificate of Incorporation, as amended, provides
that it will, to the fullest extent authorized by the DGCL, indemnify any
person who was or is made a party or is threatened to be made a party to or is
involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative ("Proceeding") because he or she is or was a
Company director or officer, or is or was serving at the request of the Company
as a director, officer, employee, trustee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against all expenses,
liabilities and loss (including attorneys' fees, judgments, fines, ERISA (as
defined therein) excise taxes or penalties and amounts paid or to be paid in
settlement) actually and reasonably incurred or suffered by him or her in
connection with such Proceeding.  The Company
may provide by action of its Board of Directors through agreement, resolution
or by a provision in the Company's Third Amended and Restated Bylaws,
indemnification of its employees and agents with substantially the same scope
and effect as the indemnification provided in Article IX of its Certificate of
Incorporation, as amended.
Expenses incurred by
such a person in his or her capacity as one of the Company's directors or
officers (and not in any other capacity in which service was or is rendered by
such person while a director or officer) in defending a Proceeding may be paid
by the Company in advance of the final disposition of such Proceeding as
authorized by the Board of Directors in a specific case upon receipt of an
undertaking by or on behalf of that person to repay such amounts unless it is
ultimately determined that that person is entitled to be indemnified by the
Company as authorized by the DGCL. 
Expenses incurred by a person in any capacity other than as one of the
Company's officers or directors may be paid in advance of the final disposition
of a Proceeding on such terms and conditions, if any, as the Board of Directors
of the Company deems appropriate.
Pursuant to Section
102(b)(7) of the DGCL, the Company's Certificate of Incorporation, as amended,
eliminates certain liability of the Company's directors for breach of their
fiduciary duty of care.  Article VIII of
the Certificate of Incorporation, as amended, provides that neither the Company
nor its stockholders may recover monetary damages from the Company's directors
for breach of the duty of care in the performance of their duties as the
Company's directors.  Article VIII does
not, however, eliminate the liability of the Company's directors (i) for a
breach of the director's duty of loyalty, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of
law, (iii) under Section 174 of the DGCL (relating to unlawful distributions),
or (iv) for any improper personal benefit.
The indemnification
provided for by Article IX of the Company's Certificate of Incorporation, as
amended, is a contract right and continues as to persons who cease to be
II-
2
directors, officers,
employees or agents and inures to the benefit of the heirs, executors and administrators
of such persons.  No amendment to the
Company's Certificate of Incorporation, as amended, or repeal of any article
thereof may increase the liability of any of the Company's directors or
officers for acts or omissions of such persons occurring prior to such
amendment or repeal.
The right to
indemnification conferred by Article IX of the Company's Certificate of
Incorporation, as amended,  is not
exclusive of any other rights to which those seeking indemnification may be
entitled under any by-law, agreement, vote of stockholders or disinterested
directors or otherwise, both as to actions taken in his or her official
capacity and in any other capacity while holding such office.
The Company may
purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the Company, or is or was serving at
its request as a director, trustee, officer, partner, employee, or agent of
another domestic or foreign corporation, partnership, joint venture, trust or
other enterprise, against any liability asserted against him or her and
incurred by him or her in such capacity or arising out of his or her status as
such, whether or not the Company would have the power or be obligated to
indemnify him or her against such liability under the provisions of Article IX
of the Company's Certificate of Incorporation, as amended, or the DGCL.
The Company
currently has in effect officers and directors liability insurance
policies.  These policies cover any
negligent act, error or omission of a director or officer, subject to certain
exclusions.  The limit of liability under
the policies is $65,000,000 in the aggregate annually for coverages in excess
of deductibles.
Item 7.
Exemptions from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
Exhibit
No.
Description
4.1
Ventas, Inc. 2006
  Incentive Plan (incorporated herein by reference to Annex A to the Company's
  definitive Proxy Statement for the 2006 Annual Meeting of Stockholders, filed
  on April 5, 2006).
4.2
Ventas, Inc. 2006 Stock
  Plan for Directors (incorporated herein by reference to Annex B to the
  Company's definitive Proxy Statement for the 2006 Annual Meeting of
  Stockholders, filed on April 5, 2006).
4.3
Certificate of
  Incorporation of the Company, as amended (incorporated herein by reference to
  Exhibit 3 to the Company's Quarterly Report on Form 10-Q for the quarter
  ended September 30, 1995).
4.4
Certificate of Amendment
  to Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for
  the quarter ended June 30, 1998).
II-
3
Exhibit
No.
Description
4.5
Third Amended and Restated
  Bylaws of the Company (incorporated herein by reference to Exhibit 3.2 to the
  Company's Annual Report on Form 10-K for the year ended December 31, 1997).
4.6
Specimen Common Stock
  Certificate (incorporated herein by reference to Exhibit 4.1 to the Company's
  Annual Report on Form 10-K for the year ended December 31, 1998).
4.7
Letter Agreement dated
  June 24, 2003, by and between the Company and Cohen & Steers Capital
  Management, Inc. relating to a limited waiver of the provisions of Article XII
  of the Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 4.2 to the Company's Quarterly Report on Form 10-Q for
  the quarter ended June 30, 2003).
4.8
Ventas, Inc. Distribution
  Reinvestment and Stock Purchase Plan (incorporated herein by reference to the
  Company's Registration Statement on Form S-3, as amended, File No.
  333-65642).
4.9
Amendment to the Ventas,
  Inc. Distribution Reinvestment and Stock Purchase Plan (incorporated herein
  by reference to the Prospectus Supplement dated December 8, 2003 to the
  Prospectus dated January 23, 2002 filed pursuant to Rule 424(b)(5) and part
  of the Company's Registration Statement on Form S-3, as amended, File No.
  333-65642).
5
Opinion of T. Richard
  Riney, Esq., General Counsel of the Company.
10.1
Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Incentive Plan.
10.2
Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Incentive Plan.
10.3
Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.
10.4
Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.
23.1
Consent of Ernst &
  Young LLP.
23.2
Consent of T. Richard
  Riney, Esq. (contained in Exhibit 5).
24
Power of Attorney
  (included on signature page).
Item 9.
Undertakings.
(a)
The Company hereby undertakes:
(1)
To file, during any period in which offers or
sales are being made, a post-effective amendment to this registration
statement:
II-
4
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933 (the "Securities Act");
(ii)
To reflect in the prospectus any facts or
events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereto) which, individually or in the
aggregate, represent a fundamental change in the information set forth in the
registration statement; and
(iii)
To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change to such information in the
registration statement;
provided
,
however
,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the Company
pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement;
(2)
That, for the purpose of determining any
liability under the Securities Act, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; and
(3)
To remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.
(b)
The Company hereby undertakes that, for
purposes of determining any liability under the Securities Act, each filing of
the Company's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c)
Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and
controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable.  In
the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer
or controlling person of the Company in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public
II-
5
policy
as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
II-
6
SIGNATURES
Pursuant to
the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this registration statement to be signed on its
behalf by the undersigned, hereunto duly authorized, in the City of Louisville,
the Commonwealth of Kentucky, on this 31st day of July, 2006.
VENTAS, INC.
By:
/s/ Debra A.
  Cafaro
Name:
Debra
  A. Cafaro
Title:
Chairman
  of the Board,
Chief Executive Officer and
President
The undersigned officers and directors of Ventas,
Inc., hereby severally constitute and appoint Debra A. Cafaro, T. Richard Riney
and Richard A. Schweinhart, and each of them, attorneys-in-fact for the
undersigned, in any and all capacities, with the power of substitution, to sign
any amendments to this Registration Statement (including post-effective
amendments) and any subsequent registration statement for the same offering
which may be filed under Rule 462(b) under the Securities Act of 1933, as
amended, and to file the same with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about
the premises, as fully and to all interests and purposes as he or she might or
could do in person, hereby ratifying and confirming all that each said
attorney-in-fact, or his or her substitute or substitutes, may do or cause to
be done by virtue thereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.
Signature
Title
Date
/s/ Debra A. Cafaro
Chairman of the Board, Chief Executive Officer,
  President and Director (Principal Executive Officer)
July 31, 2006
Debra A. Cafaro
Signature
Title
Date
/s/ Richard A. Schweinhart
Executive Vice President and Chief Financial Officer
  (Principal Financial Officer)
July 31, 2006
Richard A. Schweinhart
/s/ Robert J. Brehl
Chief Accounting Officer and Controller (Principal
  Accounting Officer)
July 31, 2006
Robert J. Brehl
/s/ Douglas Crocker II
Director
July 31, 2006
Douglas Crocker II
/s/ Ronald G. Geary
Director
July 31, 2006
Ronald G. Geary
/s/ Jay M. Gellert
Director
July 31, 2006
Jay M. Gellert
/s/ Christopher T. Hannon
Director
July 31, 2006
Christopher T. Hannon
/s/ Sheli Z. Rosenberg
Director
July 31, 2006
Sheli Z. Rosenberg
/s/ Thomas C. Theobald
Director
July 31, 2006
Thomas C. Theobald
EXHIBIT INDEX
Exhibit
No.
Description
4.1
Ventas, Inc. 2006 Incentive
  Plan (incorporated herein by reference to Annex A to the Company's definitive
  Proxy Statement for the 2006 Annual Meeting of Stockholders, filed on April
  5, 2006).
4.2
Ventas, Inc. 2006 Stock
  Plan for Directors (incorporated herein by reference to Annex B to the
  Company's definitive Proxy Statement for the 2006 Annual Meeting of
  Stockholders, filed on April 5, 2006).
4.3
Certificate of
  Incorporation of the Company, as amended (incorporated herein by reference to
  Exhibit 3 to the Company's Quarterly Report on Form 10-Q for the quarter
  ended September 30, 1995).
4.4
Certificate of Amendment
  to Certificate of Incorporation of the Company (incorporated herein by
  reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for
  the quarter ended June 30, 1998).
4.5
Third Amended and
  Restated Bylaws of the Company (incorporated herein by reference to Exhibit
  3.2 to the Company's Annual Report on Form 10-K for the year ended December
  31, 1997).
4.6
Specimen Common Stock Certificate
  (incorporated herein by reference to Exhibit 4.1 to the Company's Annual
  Report on Form 10-K for the year ended December 31, 1998).
4.7
Letter Agreement dated
  June 24, 2003, by and between the Company and Cohen & Steers Capital
  Management, Inc. relating to a limited waiver of the provisions of Article
  XII of the Certificate of Incorporation of the Company (incorporated herein
  by reference to Exhibit 4.2 to the Company's Quarterly Report on Form 10-Q
  for the quarter ended June 30, 2003).
4.8
Ventas, Inc. Distribution
  Reinvestment and Stock Purchase Plan (incorporated herein by reference to the
  Company's Registration Statement on Form S-3, as amended, File No.
  333-65642).
4.9
Amendment to the Ventas,
  Inc. Distribution Reinvestment and Stock Purchase Plan (incorporated herein
  by reference to the Prospectus Supplement dated December 8, 2003 to the
  Prospectus dated January 23, 2002 filed pursuant to Rule 424(b)(5) and part
  of the Company's Registration Statement on Form S-3, as amended, File No.
  333-65642).
5
Opinion of T. Richard
  Riney, Esq., General Counsel of the Company.
10.1
Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Incentive Plan.
10.2
Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Incentive Plan.
10.3
Form of Stock Option
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.
Exhibit
No.
Description
10.4
Form of Restricted Stock
  Agreement under the Ventas, Inc. 2006 Stock Plan for Directors.
23.1
Consent of Ernst &
  Young LLP.
23.2
Consent of T. Richard
  Riney, Esq. (contained in Exhibit 5).
24
Power of Attorney
  (included on signature page).