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
(July 10, 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 July 10, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the deal to acquire megaplex theatre property operated
by Muvico.


ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

          (c)  Exhibits. The following Exhibits are filed with
                         this report:

Exhibit No.         Description

     99             Press Release, issued July 10, 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 PROPERTY OPERATED BY MUVICO

          KANSAS CITY, Mo. (July 10, 1998) -- Entertainment
     Properties Trust (EPR:NYSE), a Real Estate Investment Trust
     (REIT) that owns entertainment-related properties, announced
     today that it has signed a definitive agreement to acquire
     the Muvico Pompano 18 in Pompano Beach, Fla., operated by
     Muvico Theaters, Inc.

     Muvico Theaters is a regional movie exhibitor based in Fort
     Lauderdale, Fla., that operates seven theatres with 55
     screens in that state and has 250 screens in development
     throughout the southeast.

     The agreement provides for the purchase of the land and
     building known as the Pompano 18 for approximately $16
     million.  Further, the purchase agreement contemplates the
     acquisition by Entertainment Properties Trust of up to six
     additional megaplex properties to be developed over the next
     two years with an estimated value of $120 million.  Two of
     the six additional megaplex properties will be located in
     Davie, Fla., and Gainesville, Fla.

                              -more-







EPR PURCHASE AGREEMENT
First and final add

     "Hamid Hashemi, president of Muvico, and the rest of his
     excellent staff, have embarked upon a very exciting
     expansion of the Muvico brand," said President Robert L.
     "Chip" Harris.  "The Pompano 18 is the first of many
     theatres that Entertainment Properties and Muvico expect to
     do together."

     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.

                               ###