Panama City Beach, FL Apartments for Rent

• 

  

  

  /94

  $1,492 - $2,617 per month

  Pier Park Crossings

  1 - 3 Beds

  101 Crossings Dr, Panama City Beach, FL 32413

  Lifestyle. Comfort. Location.

  101 Crossings Dr, Panama City Beach, FL 32413
• 

  Explore Panama City Beach

• 

  

  

  /75

  $1,435 - $2,264 per month

  Perla

  1 - 3 Beds

  2195 Wilkinson St, Panama City Beach, FL 32408

  Like its namesake ocean gem, Perla is a rare find for those seeking an active and refined lifestyle. Contemporary 1, 2, and 3-bedroom apartment residences blend sophisticated style and quiet comfort with the quintessential coastal allure of 30A and Panama City Beach. Days that sparkle with poolside fun and laughter blend into evenings that glow with golden hour sunsets reflected on the waters of

  2195 Wilkinson St, Panama City Beach, FL 32408
• 

  

  

  /42

  $1,420 - $2,112 per month

  White Sands

  1 - 3 Beds

  302 Cabana Blvd, Panama City Beach, FL 32407

  Discover the finest apartments in Panama City Beach, Florida at White Sands Luxury Apartments, a charming community that provides a comfortable lifestyle. Setting new standards for luxury living, White Sands combines the perfect location with first class service and amenities found only in the finest of apartments communities. With one, two and three bedroom floor plans, you will surely be able

  302 Cabana Blvd, Panama City Beach, FL 32407
• 

  

  

  /63

  $1,275 - $1,795 per month

  The Place at Grand Lagoon

  1 - 3 Beds

  7120 Patronis Dr, Panama City Beach, FL 32408

  If you're looking for an apartment home that captures the magic and beauty of Panama City Beach, Florida then come home to The Place at Grand Lagoon. Situated around a scenic lake and just minutes away from Panama City Beach's beautiful white sandy shores, our community is the perfect place for you. Our coastal paradise is near a plethora of beachside restaurants, Patronis Elementary School,

  7120 Patronis Dr, Panama City Beach, FL 32408
• 

  

  

  /44

  $1,395 - $3,907 per month

  Edgewater Crossings

  1 - 4 Beds

  204 Potters Bluff Dr, Panama City Beach, FL 32407

  Edgewater Crossings Apartments is a pet friendly apartment community located in the heart of the ever- expanding area of Panama City Beach, Florida. Edgewater Crossings Apartments features amazing recreational facilities to fit your lifestyle with flexible lease terms on spacious one, two and three bedroom floor plans – perfect for roommates, families or individual living! With all the best that

  204 Potters Bluff Dr, Panama City Beach, FL 32407
• 

  

  /69

  $1,399 - $2,215 per month

  Legends at Clara

  1 - 3 Beds

  900 Clara Ave, Panama City Beach, FL 32407

  Come home to Legends at Clara, and we’ll take care of what matters to you. Our priority is your satisfaction, and the Legends award-winning management team will ensure it. Every home and feature was designed with you in mind, from luxury finishes and comfortable floor plans to amenities like the saltwater pool and cyber cafe. Experience the allure and lifestyle of Florida’s Emerald Coast. Shop,

  900 Clara Ave, Panama City Beach, FL 32407
• 

  

  /28

  $1,399 - $2,010 per month

  The Tyde

  Studio - 3 Beds

  1105 Clara Ave, Panama City Beach, FL 32407

  Live Here. Thrive Here. Relax Here. the Tyde has all of the features you'll love in an apartment community. The perfect location, minutes from the beach, shopping, and entertainment. The perfect place to call home!

  1105 Clara Ave, Panama City Beach, FL 32407
• 

  

  /24

  $1,480 - $2,081 per month

  Sunnyside Apartments

  1 - 3 Beds

  21101 Panama City Beach Pkwy, Panama City Beach, FL 32413

  At Sunnyside Apartments, we've reimagined what it means to live by the coast. Our modern one, two, and three bedroom floor plans offer the perfect blend of chic style and coastal charm. You'll love coming home to our state-of-the-art amenities, including a fitness and yoga studio and co-working pods, and much more. And with our prime location in Panama City, you'll have everything you need at

  21101 Panama City Beach Pkwy, Panama City Beach, FL 32413
• 

  

  /32

  $1,238 - $3,497 per month

  10X Breakfast Point

  1 - 3 Beds

  9700 Panama City Beach Pkwy, Panama City Beach, FL 32407

  Luxury living awaits at 10X Breakfast Point in the heart of Panama City Beach. We offer spacious, elegant 1, 2, and 3-bedroom apartments complete with walk-in closets, garden-style soaking tubs, in-unit washer and dryer, and outdoor spaces to unwind and relax. Outside your door, there's plenty of room to entertain, relax, and play. All-inclusive amenities include a resort-style pool, sun deck

  9700 Panama City Beach Pkwy, Panama City Beach, FL 32407
• 

  

  /49

  $1,365 - $2,465 per month

  Sea Sound

  1 - 3 Beds

  10400 Panama City Beach Pkwy, Panama City Beach, FL 32407

  Discover your personal oasis. Sea Sound promises a uniquely energized beach-town living experience, offering new one, two and three-bedroom apartment homes in exciting Panama City Beach. Embrace a resort-style state of mind with high-end interiors, onsite luxuries and easy access to miles of coastline. Visit us in our leasing office today!

  10400 Panama City Beach Pkwy, Panama City Beach, FL 32407
• 

  

  /15

  $1,368 - $3,478 per month

  MAA Emerald Coast

  1 - 3 Beds

  98 Richard Jackson Blvd, Panama City, FL 32407

  TOUR YOUR WAY! We have a tour to fit your needs- virtual, self-guided, or agent-guided. Enjoy salt air and relaxed living at the MAA Emerald Coast apartment community in Panama City Beach, FL. These charming one-, two-, and three-bedroom apartment homes feature screened porches, perfect for enjoying the salt air. Many homes have spa-style bathrooms or fireplaces for added luxury. Lounge beside

  98 Richard Jackson Blvd, Panama City, FL 32407
• 

  

  /25

  $1,491 - $3,404 per month

  Panama Flats

  Studio - 3 Beds

  800 Grand Panama Blvd, Panama City Beach, FL 32407

  Experience truly luxurious beach living at Panama Flats Apartment Homes -where you can live your best beach life with direct access from your home to the beach by way of boardwalk. Mere steps from putting your toes in the sand, coming home is its own vacation. Enjoy expansive views of the clear emerald waters from your private patio, take a sunset stroll on white sugar sand beaches, and surround

  800 Grand Panama Blvd, Panama City Beach, FL 32407
• 

  

  /19

  $939 - $1,399 per month

  Cottages by the Bay

  Studio - 2 Beds

  6200 Cypress Point Dr, Panama City Beach, FL 32408

  Cottages By The Bay is a charming apartment community with quaint and cozy studio, 1 and 2 bedroom apartments. All apartments are one level, no one above or below you! Cottages By The Bay is conveniently located just minutes away from the world's most beautiful beaches and 1 mile from the navy base.

  6200 Cypress Point Dr, Panama City Beach, FL 32408
• 

  

  /35

  $1,310 - $4,315 per month

  10X Panama City Beach

  1 - 3 Beds

  7150 W Highway 98, Panama City Beach, FL 32407

  Our beautiful beach apartments are located off Highway 98 for easy access to the finest dining, shopping, and entertainment destinations in Panama City Beach. Enjoy well designed, spacious interiors with upgraded finishes and modern features, all surrounded by miles of white-sand beaches and the crystal-clear waters of the Emerald Coast.

  7150 W Highway 98, Panama City Beach, FL 32407
• 

  

  /35

  $1,295 - $2,654 per month

  79 West

  1 - 2 Beds

  100 Cabana Cay Cir, Panama City Beach, FL 32413

  Discover your perfect escape at 79 West in Panama City Beach, FL. This charming apartment community is ideally located just off Hwy 79 in West End PCB. Enjoy quick access to stunning Gulf Coast beaches, Frank Brown Park, and vibrant Pier Park. Moments from Front Beach Road, sun-soaked adventures and Gulf views await. Relax by the sparkling community pool. Live the desirable PCB lifestyle here!

  100 Cabana Cay Cir, Panama City Beach, FL 32413
• 

  

  /26

  $1,243 - $2,960 per month

  10X Retreat at PCB

  1 - 3 Beds

  90 Sandal Ln, Panama City Beach, FL 32413

  Settle into luxury at 10X Retreat at PCB. Our beautiful apartments for rent in Panama City Beach, Florida, are just blocks from the white-sand beaches and turquoise waters of the Gulf Coast. Experience laid back living in a picturesque community nestled under towering palm trees and surrounded by tropical landscaping. When you aren't taking advantage of the nearby beaches, you can cool your heels

  90 Sandal Ln, Panama City Beach, FL 32413
• 

  

  /35

  $1,825 - $2,149 per month

  Covey Homes Grand Lagoon

  2 - 3 Beds

  7110 London St, Panama City Beach, FL 32407

  It's time to live your vacation-worthy lifestyle. At Artisan Living Grand Lagoon, you’ll find thoughtfully crafted two and three-bedroom townhomes that make coming home the best part of your day. Step inside your new home to find stainless steel appliances, wood-inspired flooring, and spacious walk-in closets. Venture into the community to find our resort-style swimming pool, equipped with

  7110 London St, Panama City Beach, FL 32407
• 

  

  /19

  $1,118 - $1,425 per month

  Stone Harbor Apartments

  1 - 4 Beds

  510 Alf Coleman Rd, Panama City Beach, FL 32407

  Relax in coastal comfort at Stone Harbor Apartments in Panama City, Florida with easy access to PANAMA CITY BEACH and North Arnold Road. Enjoy extraordinary shopping and activities at nearby PIER PARK and THE SHOPPES AT EDGEWATER as well as entertainment options at GULF WORLD MARINE PARK and FRANK BROWN PARK. These affordable apartments are uniquely designed featuring one, two, three, and four

  510 Alf Coleman Rd, Panama City Beach, FL 32407
• 

  

  /79

  $1,300 - $2,750 per month

  Emerald Park

  1 - 3 Beds

  8604 Whelch Dr, Panama City, FL 32408

  EMERALD PARK LEASING NOW - apply today on our website or visit us onsite. Welcome to Emerald Park, a new ultra-luxury apartment community in Panama City Beach, FL. Nestled between the beach and downtown, Emerald Park offers the pinnacle of coastal living in the Florida Panhandle. This boutique community offers spacious floorplans all with remarkable finishes. Emerald Park also features the

  8604 Whelch Dr, Panama City, FL 32408
• 

  

  /79

  $2,400 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  9000 Parrot Place, Panama City Beach, FL 32413

  Love the active adult lifestyle? Here's your chance to live in a fabulous Latitude Margaritaville Watersound in Panama City Beach, FL the desirable 55+ community. Nestled in the fun and social Phase 6B/C, this home is just steps from lively gatherings at Flip Flop Square, where neighbors come together for happy hours, BBQs, and community fun, all while being conveniently close to the incredible

  

  Britt Matthews

  Full Heart Rentals

  (850) 990-3396

  9000 Parrot Place, Panama City Beach, FL 32413
• 

  

  /52

  $2,500 per month

  • 2 Beds
  • 2 Baths
  • 1,315 Sq Ft
  • Apartment for Rent

  8678 Weekend Dr, Panama City Beach, FL 32413

  Fully furnished 2 bedroom cottage located in Latitude Margaritaville with a 2 car garage, plus one assigned space in parking area. This is a 55+ active community with numerous amenities and activities. This beautiful cottage is well equipped with stainless steel appliances and quartz countertops in kitchen. The dining room has ample seating for six. The primary bedroom has a king bed and the

  Dale Witter Berkshire Hathaway HomeServices Beach Properties of Florida

  8678 Weekend Dr, Panama City Beach, FL 32413
• 

  

  /45

  $2,700 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  8958 Parrot Place, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 6 to12 months. It just doesn't get any better! Just bring your suitcase. This Furnished, move in ready Camelia Cottage located in the newer Phase 6BC features 2 bedrooms, 2 baths, den and a 2 car garage. All appliances included (refrigerator, range, dishwasher, microwave, washer and dryer).

  Kathy Zavetsky Bob Hodges And Sons Realty

  8958 Parrot Place, Panama City Beach, FL 32413
• 

  

  /42

  $2,395 per month

  • 4 Beds
  • 3.5 Baths
  • 1,963 Sq Ft
  • Apartment for Rent

  1729 Annabellas Dr, Panama City Beach, FL 32407

  Welcome to Annabella's, an established gated townhome community on Panama City Beach. This spacious 4-bedroom, 2.5-bathroom townhome offers a generous open layout, with the master bedroom conveniently located downstairs and three additional bedrooms upstairs. Enjoy outdoor living with an extended paver patio overlooking the serene pond, just steps away from the clubhouse.This unit includes a

  Cara Griffith All County Diamond Property Management

  1729 Annabellas Dr, Panama City Beach, FL 32407
• 

  

  /23

  $1,450 per month

  • 1 Bed
  • 1 Bath
  • 476 Sq Ft
  • Apartment for Rent

  301 E Lullwater Dr Unit 315, Panama City Beach, FL 32413

  Beach Vibes & Sunny Skies Your Panama City Beach Getaway! Steps from Beach Access 58, Sleeps 4, Full Kitchen, Pool & BBQ Area, Welcome to your perfect coastal escape, just a 2-minute walk to the beach! This bright and breezy studio offers a queen bed, a sleeper sofa, and a fully equipped kitchen, & Fully Furnished! Comfortably sleeping up to 4 guests. Enjoy exclusive access to a refreshing pool,

  Morris Solomon Nations Best Realty, Inc.

  301 E Lullwater Dr Unit 315, Panama City Beach, FL 32413
• 

  

  /27

  $2,950 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  8703 Conch Shell Ct, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 6mo+1 day to a year. Start date approx. 10/1/25. Utilities included is water/sewer and trash. Relax on your private screened porch of this gorgeous Camelia Cottage with a preserve view. Fully Furnished/Turnkey and all appliances included (refrigerator, range, dishwasher, microwave, washer and

  Kathy Zavetsky Bob Hodges And Sons Realty

  8703 Conch Shell Ct, Panama City Beach, FL 32413
• 

  

  /13

  $2,100 per month

  • 3 Beds
  • 2.5 Baths
  • 1,545 Sq Ft
  • Apartment for Rent

  1843 Annabellas Dr, Panama City Beach, FL 32407

  Great location for this 3 bedroom, 2 1/2 bath townhome located towards the East end of Panama City Beach. This home is located in Annabella's which is a gated community with a community pool and club house. This home also features a breakfast bar, one car garage, and open patio out back.

  Rick Ingram iLeaseIt

  1843 Annabellas Dr, Panama City Beach, FL 32407
• 

  

  /40

  $2,100 per month

  • 3 Beds
  • 2.5 Baths
  • 1,496 Sq Ft
  • Apartment for Rent

  7471 Shadow Lake Dr, Panama City Beach, FL 32407

  Available mid August! all yard work and trash is paid by owner! Welcome to this inviting townhome in Hathaway Townhome. The main level boasts a spacious kitchen with stainless steel appliances, granite countertops, a pantry, and a breakfast bar. The open living area provides ample space for both living and dining, complemented by a convenient half bath. Upstairs, discover three generously sized

  Mindi Sato Keller Williams Success Realty

  7471 Shadow Lake Dr, Panama City Beach, FL 32407
• 

  

  /45

  $2,800 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  8436 Dreams Float Ct, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 12 months. It just doesn't get any better! Just bring your suitcase. This Furnished, move in ready Camelia Cottage located in the newer Phase 5 features 2 bedrooms, 2 baths, den and a 2 car garage. All appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). No yard

  Kathy Zavetsky Bob Hodges And Sons Realty

  8436 Dreams Float Ct, Panama City Beach, FL 32413
• 

  

  /34

  $2,200 per month

  • 3 Beds
  • 2.5 Baths
  • 1,496 Sq Ft
  • Apartment for Rent

  7456 Shadow Lake Dr, Panama City Beach, FL 32407

  Step into this nice townhome that's pet-friendly and comes with a dazzling community pool. Experience the hassle-free lifestyle of Hathaway Townhomes, where yard and trash services are included in the rent! Inside, bask in the luxury of vinyl plank flooring and a roomy layout. Downstairs, a grand kitchen with granite countertops, stainless steel appliances, a massive living room with a dining

  Mindi Sato Keller Williams Success Realty

  7456 Shadow Lake Dr, Panama City Beach, FL 32407
• 

  

  /41

  $2,900 per month

  • 2 Beds
  • 2 Baths
  • 1,472 Sq Ft
  • Apartment for Rent

  8320 Jollymon Way, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available immediately for 6 months +1 day to 12 months. Come live a fun, vibrant and active lifestyle in this nicely upgraded cottage at this incredible 55 or better community. This Fully Furnished Aloha cottage floorplan with 2 Bedrooms, 2 full Baths and a 2 car Garage... Inside you'll find granite counters

  Kathy Zavetsky Bob Hodges And Sons Realty

  8320 Jollymon Way, Panama City Beach, FL 32413
• 

  

  /16

  $1,750 per month

  • 2 Beds
  • 2.5 Baths
  • 1,404 Sq Ft
  • Apartment for Rent

  1840 Annabellas Dr, Panama City Beach, FL 32407

  2/2.5 Attached Single Family Home with 2 Master Bedrooms in the Gated Community of Annabellas in Panama City Beach. This home is just minutes from the Navy Base. Convenient to the beaches, shopping and dinning. Access to the Pool, Clubhouse and BBQ Grills. All property sizes and ages are approximate, please measure and/or verify if important.School assignments are subject to change, please check

  Commander Rentals CENTURY 21 Commander Realty

  1840 Annabellas Dr, Panama City Beach, FL 32407
• 

  

  /8

  $1,200 per month

  • 2 Beds
  • 2 Baths
  • 820 Sq Ft
  • Apartment for Rent

  1911 Dorothy Ave, Panama City Beach, FL 32407

  This efficient, conveniently located unit offers 2Bed/2Ba and sits on a no-thru traffic street off Front Beach Rd!Equipped with washer/dryer connections with easy access to the beach, shopping, dining and entertainment!--------------------------------------------------------------------*NO PETS*

  Briana Colvin ERA Neubauer Real Estate Inc

  1911 Dorothy Ave, Panama City Beach, FL 32407
• 

  

  /41

  $2,200 per month

  • 2 Beds
  • 2.5 Baths
  • 1,120 Sq Ft
  • Apartment for Rent

  17620 Front Beach Rd Unit 3N, Panama City Beach, FL 32413

  Charming 2BR/2.5BA Condo in Portside Resort - Fully Furnished & Steps from the Beach!Welcome to this beautifully maintained and fully furnished 2-bedroom, 2.5-bath condo in the highly desirable Portside Resort on the west end of Panama City Beach! This inviting unit offers the perfect blend of comfort, convenience, and resort-style living--this rental will make you feel like you are on an

  Teri Vega Keller Williams Success Realty

  17620 Front Beach Rd Unit 3N, Panama City Beach, FL 32413
• 

  

  /10

  $1,495 per month

  • 2 Beds
  • 2 Baths
  • 1,030 Sq Ft
  • Apartment for Rent

  602 Fernwood St Unit 3, Panama City Beach, FL 32407

  CLOSE TO THE BEACH! Just a short walk to the beach for the ground level 2 bedroom 2 bath apartment. This unit features a split bedroom plan with new paint though out with carpet in the bedrooms, and tile in all other areas, covered back patio and water/sewer and trash are included.

  Rick Ingram iLeaseIt

  602 Fernwood St Unit 3, Panama City Beach, FL 32407
• 

  

  /26

  $2,900 per month

  • 2 Beds
  • 2 Baths
  • 1,315 Sq Ft
  • Apartment for Rent

  8672 Shell Sink Dr, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 6mo+1 day to a year. Start date approx. 8/28/25. Relax on your private porch of this gorgeous Camelia Cottage. Fully Furnished/Turnkey and all appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). Just bring your toothbrush and computer! No yard work required so

  Kathy Zavetsky Bob Hodges And Sons Realty

  8672 Shell Sink Dr, Panama City Beach, FL 32413
• 

  

  /49

  $2,800 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  8501 Dreams Float Ct, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 3 month minimum up to 6 months. Relax on your private porch of this gorgeous Camelia Cottage. Fully Furnished/Turnkey and all appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). Just bring your toothbrush and computer! No yard work required so you'll have lots of

  Kathy Zavetsky Bob Hodges And Sons Realty

  8501 Dreams Float Ct, Panama City Beach, FL 32413
• 

  

  /37

  $2,900 per month

  • 2 Beds
  • 2 Baths
  • 1,200 Sq Ft
  • Apartment for Rent

  8666 Shell Sink Dr, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 3-12 months. Relax on your private porch of this gorgeous Bamboo Cottage. Fully Furnished/Turnkey and all appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). Just bring your toothbrush and computer! No yard work required so you'll have lots of time to enjoy all the

  Kathy Zavetsky Bob Hodges And Sons Realty

  8666 Shell Sink Dr, Panama City Beach, FL 32413
• 

  

  /27

  $2,975 per month

  • 3 Beds
  • 2.5 Baths
  • 2,393 Sq Ft
  • Apartment for Rent

  8765 Coral Reef Way, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for 6mo+1 day only. Relax on your screened in covered Lanai in this beautiful Cabana Bay with a pond and preserve VIEW. Unfurnished and all appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). Utilities NOT included. No yard work required so you'll have lots of time to

  Kathy Zavetsky Bob Hodges And Sons Realty

  8765 Coral Reef Way, Panama City Beach, FL 32413
• 

  

  /47

  $2,725 per month

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft
  • Apartment for Rent

  8818 Attitude Ave, Panama City Beach, FL 32413

  Live the coveted 55+ community of Latitude Margaritaville Watersound right now! Home available for min 6mo+1 day to 1 year +. Relax on your private porch of this gorgeous Camelia Cottage. Fully Furnished/Turnkey and all appliances included (refrigerator, range, dishwasher, microwave, washer and dryer). Just bring your toothbrush and computer! No yard work required so you'll have lots of time

  Kathy Zavetsky Bob Hodges And Sons Realty

  8818 Attitude Ave, Panama City Beach, FL 32413
• 

  

  /20

  $1,750 per month

  • 2 Beds
  • 1 Bath
  • 1,000 Sq Ft
  • Apartment for Rent

  3908 Ocean View Dr Unit 1, Panama City Beach, FL 32408

  ***1st MONTH FREE***Spectacular and Modern 'Miami style' with Top-of-the-line finishes: 2 Bedrooms Apartment in Panama City Beach! Only a few steps from the water with Beach access in the best side of town! The nicest Beachfront restaurants, Beach clubs, Shopping, Parks, convenience stores, and much more! Brand new everything: New impact windows, new A/C units, Flooring, Kitchen cabinets, White

  Milton Vergara Red Real Estate Associates, LL

  3908 Ocean View Dr Unit 1, Panama City Beach, FL 32408

Showing Results 1 - 40, Page 1 of 2