EXHIBIT 99.2


PRESS RELEASE


FOR IMMEDIATE RELEASE

CONTACT: Jonathan B. Weis
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700

Joe Keenan, Sturges & Word Inc.
(816) 221-7500



ENTERTAINMENT PROPERTIES TRUST ADDS THREE AMC THEATERS

KANSAS CITY, MO. (December 23, 1997) Entertainment
Properties Trust (EPR:NYSE), a Real Estate Investment Trust
(REIT) that owns entertainment-related properties, today
announced it has purchased three theater properties from American
Multi-Cinema, Inc., a wholly-owned subsidiary of AMC
Entertainment, Inc.

The three properties are: First Colony 24, Houston, Texas;
Oak View 24, Omaha, Nebraska; and Leawood Town Center 20,
Leawood, Kansas, a suburb of Kansas City. The acquisition of
Leawood Town Center was ahead of schedule.

"As a result of the earlier-than-expected opening of Leawood
Town Center, we were able to add it to our portfolio early, which
represents a pleasant $0.005 FFO (funds from operations) per
share increase for stockholders based upon the projected rental
income for that property in 1998," said David M. Brain, chief
financial officer. The additions bring to 11 the number of
megaplex theaters Entertainment Properties owns in the United
States since the company became a publicly traded company in
November of this year.

Entertainment Properties Trust is a unique REIT focusing on
the entertainment industry. In its initial public offering on
November 18, 1997, the company raised $276 million, the proceeds
of which are being used to purchase megaplex movie theaters and
destination entertainment centers that are leased to theatrical
exhibition companies and other entertainment facilities. The
company's common stock is traded on the New York Stock Exchange
under the ticker symbol EPR.