EXHIBIT 99


PRESS RELEASE


FOR IMMEDIATE RELEASE

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



ENTERTAINMENT PROPERTIES TRUST ANNOUNCES ADDITION OF SECOND
CHICAGO AREA MEGAPLEX THEATRE PROPERTY

KANSAS CITY, MO. (March 31, 1998) Entertainment Properties
Trust (NYSE:EPR), a real estate investment trust that owns
entertainment-related properties, today announced it has
purchased the Cantera 30 megaplex theatre and associated real
estate from American Multi-Cinema Inc. (AMC), a subsidiary of AMC
Entertainment Inc. AMC will continue to operate the theatre
under a sale/leaseback transaction.

The addition brings to 14 the number of megaplex theatre
properties EPR has acquired since the company became publicly
traded in November of 1997. The Cantera 30 megaplex is located
in Warrenville, IL, and is the second megaplex theatre property
EPR owns in the Chicago area. Earlier this month, EPR purchased
the South Barrington 30 megaplex theatre property.

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
entertainment-related business operators. The company's common
shares of beneficial interest are traded on the New York Stock
Exchange under the ticker symbol EPR.