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)  July 13, 1998
(June 29, 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 June 29, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the deal to acquire megaplex theatre properties
operated by Consolidated.


ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

Exhibits.  The following Exhibits are filed with this report:

Exhibit No.         Description

99                  Press Release, issued June 29, 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:     July 13, 1998

EX-99

                            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 PROPERTIES OPERATED BY CONSOLIDATED

          KANSAS CITY, Mo. (June 29, 1998) - Entertainment
     Properties Trust (EPR:NYSE), a Real Estate Investment Trust
     (REIT) that owns entertainment-related properties, announced
     today that it has signed a binding purchase agreement to
     acquire the Raleigh Grand 16 in Raleigh, N.C., operated by
     Consolidated Theatres.  The agreement with Consolidated
     covers four properties, including the Raleigh Grand, with an
     approximate value of $45 million.  The Raleigh Grand
     property represents a transaction value of $8.375 million.

     Consolidated, based in Charlotte, N.C., is a regional movie
     exhibitor that operates six theatres with more than 60
     screens.  It has more than 120 screens in development
     throughout the southeast.

     "The Raleigh Grand and other locations we have under
     contract advance our strategy of buying the dominant theatre
     in its respective marketplace," said President Robert L.
     "Chip" Harris.  "Consolidated and its principals have been
     in the movie theatre business for more than 25 years and
     they run the kind of operation that is crucial to the
     long-term success of our investment."

                              -MORE-



 


EPR PURCHASE AGREEMENT
First and final add

Since becoming publicly traded in November of 1997, EPR has
acquired more than $400 million in theatre and related properties.

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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