EXHIBIT 99.1

NEWS RELEASE

November 28, 2001
FOR IMMEDIATE RELEASE


                 TRUMP HOTELS & CASINO RESORTS, INC. (NYSE:DJT)


                 CONTACT:  David Friedman, Esq.
                               Kasowitz, Benson, Torres & Friedman
                               212-506-1700

     New York, NY ....... Based on the establishment of a bondholders committee
for the purpose of good faith negotiations between the bondholders and
representatives of Trump Hotels & Casino Resorts, THCR has decided to make
interest payments in the aggregate amount of approximately $91 million, on

          TRUMP ATLANTIC CITY ASSOCIATES AND TRUMP ATLANTIC CITY FUNDING, INC.
11 1/4% Mortgage Notes due May 2006;

          TRUMP ATLANTIC CITY ASSOCIATES AND TRUMP ATLANTIC CITY FUNDING II,
INC. 11 1/4% Mortgage Notes due May 2006;

          TRUMP ATLANTIC CITY ASSOCIATES AND TRUMP ATLANTIC CITY FUNDING III,
INC. 11 1/4% Mortgage Notes due May 2006;

          TRUMP'S CASTLE ASSOCIATES, L.P. 10 1/4% Senior Notes due April 2003;

          TRUMP'S CASTLE ASSOCIATES, L.P. 11 3/4% Mortgage Notes due November
2003; and

          TRUMP'S CASTLE HOTEL & CASINO, INC. 10 1/4% Senior Notes due April
2003, (collectively, the "Bonds")

     THCR looks forward to the negotiation and completion of a definitive
agreement with respect to the Bonds prior to the due dates of the next interest
payments on the Bonds. If a mutually satisfactory agreement is not reached,
there can be no assurance that such payments will be made in the future.

     The negotiations with the bondholder group was precipitated by the
September 11 attacks on the World Trade Center which, in turn, led New York
State to pass the largest gaming bill in its history.



     The Trump name, related trademarks and management continue to serve the
Atlantic City properties well, with the Trump Taj Mahal again finishing #1 in
Atlantic City for the month of October with a "win" of $42.1 million. This #1
finish was achieved notwithstanding the hundreds of millions of dollars of
investment being spent by its nearest competitors on enlargement, plant and
equipment.

     Donald J. Trump, Chairman, Chief Executive Officer and President of THCR,
stated "We are very happy with Trump Taj Mahal again being #1 in October and
likewise the success of our other operations and are very much looking forward
to making a deal which will reflect the economic realities of the present day.
We want also to invest in our facilities in order to keep and even further
enhance our current status."

     Atlantic City appears destined to take a tremendous economic "hit" from New
York State gambling, far beyond anything ever contemplated by previous
proposals. In order to position its properties for the future, appropriate
concessions are being sought by THCR.

     Trump Hotels & Casino Resorts, Inc. is a public company which is
approximately 42% owned by Donald J. Trump. THCR is separate and distinct from
all of Mr. Trump's other holdings.

     The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements so long as those statements are
identified as forward-looking and are accompanied by meaningful cautionary
statements identifying important factors that could cause actual results to
differ materially from those projected in such statements.

     All statements, trend analysis and other information contained in this
release relative to THCR's performance, trends in THCR's operations or financial
results, plans, expectations, estimates and beliefs, as well as other statements
including words such as "anticipate," "believe," "plan," "estimate," "expect,"
"intend" and other similar expression, constitute forward-looking statements
under the Private Securities Litigation Reform Act of 1995. In connection with
certain forward-looking statements contained in this release and those that may
be made in the future by or on behalf of THCR, THCR notes that there are various
factors that could cause actual results to differ




materially from those set forth in any such forward-looking statements. The
forward-looking statements contained in this release were prepared by management
and are qualified by, and subject to, significant business, economic,
competitive, regulatory and other uncertainties and contingencies, all of which
are difficult or impossible to predict and many of which are beyond the control
of THCR. Accordingly, there can be no assurance that the forward-looking
statements contained in this release will be realized or that actual results
will not be significantly higher or lower. Readers of this release should
consider these facts in evaluating the information contained herein. In
addition, the business and operations of THCR are subject to substantial risks,
which increase the uncertainty inherent in the forward-looking statements
contained in this release. The inclusion of the forward-looking statements
contained in this release should not be regarded as a representation by THCR or
any other person that the forward-looking statements contained in the release
will be achieved. In light of the foregoing, readers of this release are
cautioned not to place undue reliance on the forward-looking statements
contained herein.

                               ##################