EXHIBIT 99.1


PRESS RELEASE


FOR IMMEDIATE RELEASE

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

Joe Keenan, Sturges + Word
(816) 221-7500



ENTERTAINMENT PROPERTIES TRUST ANNOUNCES
CLOSING OF $200 MILLION CREDIT FACILITY

KANSAS CITY, Mo. (March 3, 1998) Entertainment Properties
Trust (EPR:NYSE), a Real Estate Investment Trust (REIT) that owns
entertainment-related properties, announced today that it has
closed on a $200 million credit facility. The Company expects to
use the facility to finance the acquisition of additional
megaplex theatres and other entertainment-related properties.
The facility was arranged by Bank of New York, Goldman Sachs and
Bank of Nova Scotia, and has a term of three years.

"This new credit facility is an important part of our
capital structure. It gives us the resources to make additional
key acquisitions in the near-term as well as lays a solid
foundation for our future growth," said David Brain, chief
financial officer for Entertainment Properties Trust.

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