SCHEDULE 14A INFORMATION

                  Proxy Statement Pursuant to Section 14(a) of
              the Securities Exchange Act of 1934 (Amendment No. )

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/ /      Definitive Proxy Statement
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/X/      Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12




                           GOLF TRUST OF AMERICA, INC.
                (Name of Registrant as Specified In Its Charter)


    ------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)


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Golf Trust of America, Inc. issued the following press release on March 15,
2001:

AT THE COMPANY
W. Bradley Blair, II
President and Chief Executive Officer
Scott D. Peters
Chief Financial Officer
(843) 723-4653

FOR IMMEDIATE RELEASE
March 15, 2001


            GOLF TRUST OF AMERICA FILES PRELIMINARY LIQUIDATION PROXY
                           AND FORM 10-K WITH THE SEC

CHARLESTON, SC, MARCH 15, 2001 -- Golf Trust of America, Inc. (AMEX:GTA) today
announced that the Company has filed a preliminary liquidation proxy and its
Form 10-K Annual Report for the year ended December 31, 2000 with the Securities
and Exchange Commission (SEC).

These filings are available for free on the SEC web site. Once the SEC review
process is complete, GTA will mail a copy of the definitive proxy statement
to its stockholders, together with instructions on voting procedures.
Stockholders should read the proxy statement carefully when it is available
because it will contain important information.

Golf Trust of America, Inc. is a real estate investment trust involved in the
ownership of high-quality golf courses in the United States. The Company
currently owns an interest in 44 (eighteen-hole equivalent) courses.

                                      # # #

CERTAIN MATTERS DISCUSSED IN THIS PRESS RELEASE MAY CONSTITUTE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF THE FEDERAL SECURITIES LAWS. ACTUAL RESULTS AND
THE TIMING OF CERTAIN EVENTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN OR
CONTEMPLATED BY THE FORWARD-LOOKING STATEMENTS DUE TO A NUMBER OF FACTORS
INCLUDING GENERAL ECONOMIC CONDITIONS, COMPETITION FOR GOLF COURSE ACQUISITIONS,
THE AVAILABILITY OF EQUITY AND DEBT FINANCING, INTEREST RATES AND OTHER RISK
FACTORS AS OUTLINED IN THE COMPANY'S SEC REPORTS.