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                                                                    Exhibit 99.1


                 AMRESCO Capital Trust Announces Board Approval
                     of Plan of Liquidation and Dissolution


DALLAS - AMRESCO Capital Trust (Nasdaq:AMCT) announced today that its Board of
Trust Managers has approved a Plan of Liquidation and Dissolution, pursuant to
which all of the company's assets will be liquidated and the company will be
dissolved in accordance with the Texas REIT Act. Implementation of the Plan of
Liquidation and Dissolution is contingent upon approval of shareholders of
AMRESCO Capital Trust at the company's annual meeting which is currently
expected to take place on June 15, 2000. More information on the plan and the
expected distributions will be contained in proxy materials to be filed shortly
with the SEC.

In addition, AMRESCO Capital Trust announced two executive changes. Dave Striph,
who has served as Senior Vice President and Director of Production since
November 1998, assumes the role of Executive Vice President and Chief Investment
Officer. Tom Lewis, the company's Vice President and Controller since its
inception, becomes Senior Vice President and Chief Financial Officer.

"Dave and Tom have played an integral role in AMRESCO Capital Trust's formation
and growth and will expand their contributions with their additional
responsibilities", said Robert L. Adair III, Chairman and CEO. "The company is
actively working to maximize shareholder value and promoting these two seasoned
professionals will solidify our management team.

AMRESCO Capital Trust specializes in providing senior and subordinated
structured financing to real estate owners and developers. The company is
managed by a subsidiary of AMRESCO, INC. (Nasdaq:AMMB) a Dallas-based financial
services company. For more information about AMRESCO Capital Trust, please visit
the web site at www.amrescoct.com.


Note: Certain statements in this press release are not based on historical
facts. These statements are forward-looking statements that are based on current
expectations that involve a number of risks and uncertainties. Consequently,
actual results achieved may differ materially from what is presented. For a
discussion of such risks and uncertainties, see "Risk Factors" in the reports
that the company files with the Securities and Exchange Commission, including
the company's registration statement.


Contact:
Jon Pettee        investorct@amresco.com
(214) 953-7942