EXHIBIT 99






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


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




ENTERTAINMENT PROPERTIES TRUST ANNOUNCES DEAL TO ACQUIRE
MEGAPLEX THEATRE PROPERTY OPERATED BY MUVICO

KANSAS CITY, Mo. (July 10, 1998) -- Entertainment
Properties Trust (EPR:NYSE), a Real Estate Investment Trust
(REIT) that owns entertainment-related properties, announced
today that it has signed a definitive agreement to acquire
the Muvico Pompano 18 in Pompano Beach, Fla., operated by
Muvico Theaters, Inc.

Muvico Theaters is a regional movie exhibitor based in Fort
Lauderdale, Fla., that operates seven theatres with 55
screens in that state and has 250 screens in development
throughout the southeast.

The agreement provides for the purchase of the land and
building known as the Pompano 18 for approximately $16
million. Further, the purchase agreement contemplates the
acquisition by Entertainment Properties Trust of up to six
additional megaplex properties to be developed over the next
two years with an estimated value of $120 million. Two of
the six additional megaplex properties will be located in
Davie, Fla., and Gainesville, Fla.

-more-






EPR PURCHASE AGREEMENT
First and final add

"Hamid Hashemi, president of Muvico, and the rest of his
excellent staff, have embarked upon a very exciting
expansion of the Muvico brand," said President Robert L.
"Chip" Harris. "The Pompano 18 is the first of many
theatres that Entertainment Properties and Muvico expect to
do together."

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 shares of beneficial interest are
traded on the New York Stock Exchange under the ticker
symbol EPR.

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