EXHIBIT 99.5


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 ANNOUNCES
ADDITION OF HOUSTON THEATRE MEGAPLEX

KANSAS CITY, MO. (February 2, 1998) Entertainment
Properties Trust (NYSE:EPR), a Real Estate Investment Trust
(REIT) that owns entertainment-themed properties, today announced
it has purchased the Gulf Pointe 30 theatre megaplex form
American Multi-Cinema, Inc., a wholly-owned subsidiary of AMC
Entertainment, Inc.

The addition brings to 12 the number of megaplex theatres
Entertainment Properties owns in the United States since the
company became a publicly traded company in November of 1997.
Gulf Pointe is ranked 39th out of the top 100 grossing movie
theatres, year-to-date 1998, in the United States, according to
Entertainment Data, Inc.

Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and develop
diversified portfolio of high-quality properties leased to major
entertainment-themed business operators. The company's common
stock is traded on the New York Stock Exchange under the ticker
symbol EPR.