Prospectus Supplement (To Prospectus dated December 18, 1997) EQUITY RESIDENTIAL PROPERTIES TRUST DISTRIBUTION REINVESTMENT AND SHARE PURCHASE PLAN ____________________________ This prospectus supplement contains a revised Schedule A to the prospectus dated December 18, 1997 relating to the Equity Residential Properties Trust Distribution Reinvestment and Share Purchase Plan. The revised Schedule A to the prospectus restates in its entirety the Schedule A previously included as part of the prospectus. The revised Schedule A sets forth the expected dates relating to optional cash payments and common share distribution reinvestments under the plan for 1999 and 2000, each as described in the prospectus. IF YOU WOULD LIKE TO RECEIVE A COPY OF THE ENTIRE PROSPECTUS, PLEASE CALL (800) 337-5666. IF YOU HAVE ANY FURTHER QUESTIONS REGARDING THE PLAN, PLEASE CONTACT US AT: EQUITY RESIDENTIAL PROPERTIES TRUST ATTENTION: INVESTOR RELATIONS TWO NORTH RIVERSIDE PLAZA SUITE 400 CHICAGO, IL 60606 TELEPHONE NUMBER: (888) 879-6356 ________________________ THE DATE OF THIS PROSPECTUS SUPPLEMENT IS FEBRUARY 5, 1999 SCHEDULE A FOR 1999 AND 2000 OPTIONAL CASH PAYMENTS RECORD DATE AND THRESHOLD PRICE OPTIONAL CASH PRICING PERIOD AND PAYMENT COMMENCEMENT PRICING PERIOD DISCOUNT SET DATE DUE DATE DATE CONCLUSION DATE ------------------ --------------- --------------- ----------------- December 31, 1998 January 6, 1999 January 7, 1999 January 21, 1999 February 1, 1999 February 4, 1999 February 5, 1999 February 19, 1999 February 25, 1999 March 2, 1999 March 3, 1999 March 16, 1999 April 1, 1999 April 7, 1999 April 8, 1999 April 21, 1999 May 4, 1999 May 7, 1999 May 10, 1999 May 21, 1999 May 26, 1999 June 1, 1999 June 2, 1999 June 15, 1999 June 30, 1999 July 7, 1999 July 8, 1999 July 21, 1999 August 2, 1999 August 5, 1999 August 6, 1999 August 19, 1999 August 26, 1999 August 31, 1999 September 1, 1999 September 15, 1999 October 1, 1999 October 6, 1999 October 7, 1999 October 20, 1999 November 1, 1999 November 4, 1999 November 5, 1999 November 18, 1999 November 26, 1999 December 1, 1999 December 2, 1999 December 15, 1999 December 31, 1999 January 6, 2000 January 7, 2000 January 21, 2000 February 1, 2000 February 7, 2000 February 8, 2000 February 22, 2000 February 24, 2000 March 1, 2000 March 2, 2000 March 15, 2000 April 3, 2000 April 7, 2000 April 10, 2000 April 21, 2000 May 2, 2000 May 8, 2000 May 9, 2000 May 22, 2000 May 25, 2000 June 1, 2000 June 2, 2000 June 15, 2000 June 30, 2000 July 7, 2000 July 10, 2000 July 21, 2000 August 1, 2000 August 7, 2000 August 8, 2000 August 21, 2000 August 25, 2000 August 31, 2000 September 1, 2000 September 15, 2000 October 2, 2000 October 6, 2000 October 9, 2000 October 20, 2000 November 1, 2000 November 7, 2000 November 8, 2000 November 21, 2000 November 24, 2000 November 30, 2000 December 1, 2000 December 14, 2000 COMMON SHARE DISTRIBUTION REINVESTMENTS (1) RECORD DATE INVESTMENT DATE (2) ----------- ------------------- March 20, 1999 April 9, 1999 June 20, 1999 July 9, 1999 September 20, 1999 October 8, 1999 December 20, 1999 December 31, 1999 March 20, 2000 April 14, 2000 June 20, 2000 July 14, 2000 September 20, 2000 October 13, 2000 December 19, 2000 December 29, 2000 ____________________ (1) The dates indicated are those expected to be applicable under the Plan with respect to future distributions, if and when declared by the Board of Trustees. The actual record and payment dates will be determined by the Board of Trustees at its discretion. (2) The Investment Date relating to distributions is also the pricing date with respect to Common Shares acquired directly from the Company with such distributions. See Question 12. NEW YORK STOCK EXCHANGE HOLIDAYS 1999 2000 ---- ---- New Year's Day January 1 (1) Martin Luther King, Jr. Day January 18 January 17 President's Day February 15 February 21 Good Friday April 2 April 21 Memorial Day May 31 May 29 Independence Day July 5 (observed) July 4 Labor Day September 6 September 4 Thanksgiving Day November 25 November 23 Christmas December 24 December 25 ___________________ (1) New Year's Day 2000 falls on a Saturday. The Exchange will be open for regular trading hours on Friday, December 31, 1999 and Monday, January 3, 2000.