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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