Form: SC 13G/A

Statement of Beneficial Ownership by Certain Investors

February 12, 1999

SC 13G/A: Statement of Beneficial Ownership by Certain Investors

Published on February 12, 1999




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 4



Entertainment Properties Trust
- -------------------------------------------------------------------------------
(Name of Issuer)



Common Shares of Beneficial Interest, $0.01 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)


29380T105
--------------------------------------------
(CUSIP Number)





December 31, 1998
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X] Rule 13d-1(b)

[_] Rule 13d-1(c)

[_] Rule 13d-1(d)



Page 1 of 5 pages

- -----------------------
CUSIP No. 29380T105 13G
- -----------------------

- ------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person

Goldman, Sachs & Co.

- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [_]

- ------------------------------------------------------------------------------
3. SEC Use Only



- ------------------------------------------------------------------------------
4. Citizenship or Place of Organization

New York

- ------------------------------------------------------------------------------
5. Sole Voting Power

Number of 0

Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
359,600
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power

Reporting 0

Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
359,600

- ------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person

359,600

- ------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

[_]

- ------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)

2.6%

- ------------------------------------------------------------------------------
12. Type of Reporting Person

BD-PN-IA

- ------------------------------------------------------------------------------



Page 2 of 5 pages

- -----------------------
CUSIP No. 29380T105 13G
- -----------------------

- ------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person

The Goldman Sachs Group, L.P.

- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [_]

- ------------------------------------------------------------------------------
3. SEC Use Only



- ------------------------------------------------------------------------------
4. Citizenship or Place of Organization

Delaware

- ------------------------------------------------------------------------------
5. Sole Voting Power

Number of 0

Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
359,600
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power

Reporting 0

Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
359,600

- ------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person

359,600

- ------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

[_]

- ------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)

2.6%

- ------------------------------------------------------------------------------
12. Type of Reporting Person

HC-PN

- ------------------------------------------------------------------------------



Page 3 of 5 pages


Item 1(b). Address of Issuer's Principal Executive Offices:
1200 Main Street, Suite 3250
Kansas City, MO 64105

Item 4. Ownership.
Not applicable. This amendment to Schedule 13G is being
filed to reflect that as of December 31, 1998, the percent
of the class beneficially owned by Goldman, Sachs & Co. and
The Goldman Sachs Group, L.P. did not exceed five percent.

Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting persons have ceased to be
the beneficial owners of more than five percent of the
class of securities, check the following [X].

Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.



Page 4 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.


Date: February 14, 1999


THE GOLDMAN SACHS GROUP, L.P.


By: /s/ Hans L. Reich
-------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact



GOLDMAN, SACHS & CO.


By: /s/ Hans L. Reich
-------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact



Page 5 of 5 Pages