(Fixed Rate)
Page 1
Pricing Supplement No. 8
Dated October 15, 1998
Rule 424(b)(2)
Registration Statement No. 333-42283



COMPANY:  ARCHSTONE COMMUNITIES TRUST
TICKER: ASN
EXCHANGE:  NYS

FORM-TYPE:  PROSP

DOCUMENT-DATE: October 15, 1998
FILING DATE: October 16, 1998

Pricing Supplement No. 8 Dated October 15, 1998
(To Prospectus Supplement dated September 18, 1998
and prospectus dated September 18, 1998)

Rule 424(b)(2)
Registration Statement No. 333-42283

Archstone Communities Trust
MEDIUM TERM NOTES, SERIES A
(Fixed Rate Notes)

Principal Amount:                                    $9,000,000

CUSIP:                                               03958EAE5

Trade Date:                                          October 14, 1998

Settlement Date (Original Issue Date):               October 19, 1998

Maturity Date:                                       October 19, 2000

If principal amount is other than
U.S. dollars, equivalent in U.S. dollars:            N/A

Exchange Agent:                                      N/A

Price to Public (Issue Price):                       100.0%

Net Proceeds to Issuer (Excluding
estimated cost to Archstone in
conjunction with the offering):                      $8,977,500

Agent's Discount or Commission:                      0.25%

Interest Rate Per Annum:                             6.81%







(Fixed Rate)
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Pricing Supplement No. 8
Dated October 15, 1998
Rule 424(b)(2)
Registration Statement No. 333-42283



Interest Payment Date(s):

     X     April 15 and October 15 of each year and on the Maturity Date.

     ___   Other:

     X     DTC registered                       ___   non-DTC Registered

Repayment, Redemption and Acceleration:

         The Notes will be redeemable, in whole or in part, at the option
of Archstone at any time at a redemption price equal to the greater of (i)
100% of the principal amount of such Notes, and (ii) as determined by the
Quotation Agent (as defined below), the sum of the present values of the
remaining scheduled payments of principal and interest thereon (not
including any portion of such payments of interest accrued as of the date
of redemption) discounted to the date of redemption on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the
Adjusted Treasury Rate (as defined below) plus 25 basis points plus, in
each case, accrued interest thereon to the date of redemption.

         "Adjusted Treasury Rate" means, with respect to any redemption
date, the rate per annum equal to the semi-annual equivalent yield to
maturity to the Comparable Treasury Issue (as defined below), assuming a
price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such
redemption date.

         "Comparable Treasury Issue" means the United States Treasury
security selected by the Quotation Agent as having a maturity comparable to
the remaining term of the Notes to be redeemed that would be utilized, at
the time of selection and in accordance with customary financial practice,
in pricing new issues of corporate debt securities of comparable maturity
to the remaining term of such Notes.

         "Comparable Treasury Price" means, with respect to any redemption
date, (i) the average of the Reference Treasury Dealer Quotations (as
defined below) for such redemption date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or







(Fixed Rate)
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Pricing Supplement No. 8
Dated October 15, 1998
Rule 424(b)(2)
Registration Statement No. 333-42283



(ii) if the Trustee obtains fewer than three such Reference Treasury Dealer
Quotations, the average of all such Reference Treasury Dealer Quotations.

         "Quotation Agent" means the Reference Treasury Dealer (as defined
below) appointed by Archstone.

          "Reference Treasury Dealer" means (i) each of J.P. Morgan Securities
Inc., Goldman, Sachs & Co. and Chase Securities Inc. and their respective
successors; provided, however, that if the foregoing shall cease to be a
primary U.S. Government securities dealer in New York City (a "Primary
Treasury Dealer"), Archstone shall substitute therefor another Primary
Treasury Dealer, and (ii) any other Primary Treasury Dealer selected
byArchstone.

         "Reference Treasury Dealer Quotation" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as
determined by Archstone, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the Trustee by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third Business Day preceding such
redemption date.

         Notice of any redemption will be mailed at least 30 days but not
more than 60 days before the redemption date to each holder of the Notes to
be redeemed. Unless Archstone defaults in payment of the redemption price,
on and after the redemption date, interest will cease to accrued on the
Notes or portions thereof called for redemption.

CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN THE
PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE
PROSPECTUS SUPPLEMENT.

Original Issue Discount:

         Amount of OID:                                        N/A
         Yield to Maturity:                                    N/A
         Interest Accrual Date:                  N/A
         Initial Accrual Period OID:             N/A.








(Fixed Rate)
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Pricing Supplement No. 8
Dated October 15, 1998
Rule 424(b)(2)
Registration Statement No. 333-42283


Amortizing Notes:

         Amortization Schedule:                      N/A

Dual Currency Notes:

         Face Amount Currency:                       N/A
         Optional Payment Current:                   N/A
         Designated Exchange Rate:                   N/A
         Option Value Calculation Agent:             N/A
         Option Election Date(s):                                      N/A

Indexed Notes:

         Currency Base Rate:                         N/A
         Determination Agent: N/A

Plan of Distribution:

Goldman, Sachs & Co. is acting as Agent in connection with the distribution
of the Notes. The Agent will receive a selling commission equal to 0.250%
of the principal amount of the
Notes.

DCN:

LANGUAGE:    ENGLISH

LOAD DATE:    October 16, 1998.