8-K

                          UNITED STATES


                SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549


                             FORM 8-K

                          CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934


         Date of Report (Date of earliest event reported)
                  April 8, 1998 (March 31, 1998)


                  ENTERTAINMENT PROPERTIES TRUST
      (Exact name of Registrant as specified in its charter)


     Maryland                                     43-179877 
(State or other jurisdiction  (Commission    (I.R.S. Employer
of Incorporation)             File Number)    Identification No.)


     One Kansas City Place
1200 Main Street, Suite 3250, Kansas City, Missouri       64105
(Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code (816) 472-1700



_________________________________________________________________
  (Former name or former address, if changed since last report)




 



ITEM 5.   OTHER EVENTS

     Entertainment Properties Trust (the "Company") issued a
press release on March 31, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the addition of a second Chicago area megaplex theatre
property.


ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

Exhibits.  The following Exhibits are filed with this report:

Exhibit No.         Description

     99        Press Release, issued March 31, 1998.


                            SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized.


                                   ENTERTAINMENT PROPERTIES TRUST

                                   By: /s/ R. Scott Christian
                                   R. Scott Christian, Treasurer


Date:        April 8, 1998

EX-99

                            EXHIBIT 99


                                                    PRESS RELEASE


FOR IMMEDIATE RELEASE

CONTACT:  Jonathan B. Weis
          Director of Corporate Communications
          Entertainment Properties Trust
          (816) 472-1700



   ENTERTAINMENT PROPERTIES TRUST ANNOUNCES ADDITION OF SECOND
              CHICAGO AREA MEGAPLEX THEATRE PROPERTY

     KANSAS CITY, MO. (March 31, 1998)   Entertainment Properties
Trust (NYSE:EPR), a real estate investment trust that owns
entertainment-related properties, today announced it has
purchased the Cantera 30 megaplex theatre and associated real
estate from American Multi-Cinema Inc. (AMC), a subsidiary of AMC
Entertainment Inc.  AMC will continue to operate the theatre
under a sale/leaseback transaction.

     The addition brings to 14 the number of megaplex theatre
properties EPR has acquired since the company became publicly
traded in November of 1997.  The Cantera 30 megaplex is located
in Warrenville, IL, and is the second megaplex theatre property
EPR owns in the Chicago area.  Earlier this month, EPR purchased
the South Barrington 30 megaplex theatre property.

     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
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.