CONSULTING AGREEMENT

        This Consulting Agreement is made on March 10, 2004, by The Taubman Company, L.L.C., a Delaware limited liability corporation, ("Company") and Courtney Lord Associates, Ltd., a District of Columbia corporation ("Lord").

        In consideration of the representations in this Agreement, Company and Lord agree as follows:

    1.        Engagement. Effective January 1, 2005, Company will engage Lord as a consultant, and Courtney Lord, as the agent of Courtney Lord Associates, Ltd. (Agent), agrees to hold himself available to personally render, at the request of Company, consulting services for Company, to the best of his ability, upon the terms and conditions set forth in this Agreement. Lords obligations under this Agreement apply to both Courtney Lord Associates, Ltd., and Agent.

    2.        Term.

    (a)        This Agreement will start on January 1, 2005 and will end on December 31, 2005, unless it is terminated before that date as permitted by this Agreement.

    (b)        Lords and Agents obligations under paragraphs 6, 7, 8, and 9 of this Agreement will survive the termination of this Agreement at any time before December 31, 2005 or the expiration of this Agreement on December 31, 2005, except that Lords and Agents obligations under paragraphs 6, 7, 8, and 9 of this Agreement will terminate immediately if Company experiences a change in control event. This Consulting Agreement incorporates by reference and adopts the definition of a change in control contained in the Taubman Centers, Inc. and Taubman Realty Group Limited Partnership 2003 Change of Control Employment Agreement.

    (c)        Lord may terminate this Agreement at any time during the term of this Agreement upon thirty days written notice to Company.

CONSULTING AGREEMENT

        THIS CONSULTING AGREEMENT (this "Agreement") is made and entered into as of June 1, 2002, by and between Trammell Crow Company, a Delaware corporation (the "Company"), and J. McDonald Williams (the "Consultant").

        WHEREAS, the Board of Directors of the Company (the "Board") has determined that it is in the best interests of the Company to retain the Consultant on the terms and conditions set forth herein.

        NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the sufficiency of which is hereby acknowledged, the parties agree as follows:

AGREEMENTS:

        1.    Consulting Services. The Company hereby retains the Consultant to serve as the Chairman Emeritus of the Board and as a consultant to the Company. In such capacity, the Consultant agrees to (i) make himself available from time to time to consult with the Company's management, (ii) make selective calls on customers and prospects of the Company by phone or in person, (iii) assist the Company's management with community relationships and involvement, and (iv) render such other consulting and advisory services as the Company may reasonably request from time to time (collectively, the "Consulting Services") during the Consulting Period (as hereinafter defined). The Consultant hereby accepts such engagement and agrees to perform such services for the Company upon the terms and conditions set forth in this Agreement. The Consultant will perform the Consulting Services at such times and places as the Company, from time to time, shall reasonably request.

        2.    Term. Unless terminated at an earlier date in accordance with Section 4, the term of the consulting arrangement provided for herein shall be for the period commencing on the date hereof and ending at 5:00 p.m., Texas time, on May 31, 2004 (the "Consulting Period").

        3.    Consulting Fee/Expense Reimbursement.

        3.1  Consulting Fee. As compensation for the Consulting Services to be rendered by the Consultant (and not as compensation for any other services provided by the Consultant to the Company or the Board), the Company hereby agrees to pay Executive $75,000 ("Consulting Fee") annually during the term of the Consulting Period, which shall be payable in monthly installments. The parties acknowledge that the Consultant will continue to be entitled to compensation for his services as a director of the Company in accordance with the Company's non-employee director compensation policy.

        3.2  Expense Reimbursement. The Consultant shall be entitled to receive prompt reimbursement for all reasonable out of pocket expenses incurred by the Consultant in rendering the Consulting Services during the Consulting Period in accordance with the policies, practices and procedures of the Company.

        3.3  Office Costs. During the Consulting Period, the Company shall pay the lease and utility costs with respect to up to 1,500 square feet of office space from that portion of the Company's offices at 2001 Ross Avenue, Dallas, Texas 75201 leased by the Consultant for his personal and foundation offices.

        3.4  Stock Options. The Consultant has previously been granted options (the "Options") to acquire common stock of the Company pursuant to one or more agreements between the Consultant and the Company (collectively, the "Option Agreements"). Notwithstanding the terms or conditions of the Option Agreements, the Options shall continue to vest and be available for exercise until the earlier of (i) such time that the Consultant ceases to be a director of the Company or (ii) the expiration of such Options.

        3.5  Certain Benefit Matters. The Consultant hereby acknowledges that from and after the date hereof (i) he shall not be entitled to participate in any of the Company's employee benefit plans except