EXHIBIT 99

PRESS RELEASE
CONTACT: Jon Weis
Entertainment Properties Trust
(816) 472-1700

Joe Keenan
Sturges + Word
(816) 221-7500


ENTERTAINMENT PROPERTIES TRUST ANNOUNCES ADDITION
OF NORFOLK, VA., AREA MEGAPLEX THEATRE PROPERTY

KANSAS CITY, Mo. (July 1, 1998) Entertainment
Properties Trust (NYSE:EPR), a real estate investment trust
that owns entertainment-related properties, today announced
it has purchased the Hampton Town Center 24 megaplex theatre
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 17 the number of megaplex theatre
properties EPR has acquired since the company became
publicly traded in November of 1997. The Hampton Town
Center 24 is located in Norfolk, Va.

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.

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