AMERICAN GENERAL HOSPITALITY CORP
4, 1996-08-12
REAL ESTATE INVESTMENT TRUSTS
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                       STATEMENT OF CHANGES IN OWNERSHIP

               Filed pursuant to Section 16(a) of the Securities
           Exchange Act of 1934, Section 17(a) of the Public Utility
                     Holding Company Act of 1935 or Section
                  30(f) of the Investment Company Act of 1940



/   /    Check this box if                        OMB APPROVAL
         subject to Section 16.                   ------------
         Form 4 or Form 5                         OMB Number 2325-0287
         obligations may continue.                Expires: April 30, 1997
         See Instruction 1(b).                    Estimated average burden
                                                  hours per response.....0.5

1.       Name and Address of Reporting Person

         Jorns                               Steven                       D.
         (Last)                              (First)                   (Middle)

                                c/o American General Hospitality
                                    30 West Northwest Highway
                                            (Street)

         Dallas                                TX                        75220
         (City)                              (State)                     (Zip)



2.       Issuer Name and Ticker or Trade Symbol

         American General Hospitality Corporation/AGT

3.       IRS or Social Security Number of Reporting Person
         (Voluntary)



4.       Statement for Month/Year

         7/96

5.       If Amendment, Date of Original  (Month/Day/Year)


6.       Relationship of Reporting Person to Issuer
                           (Check all applicable)

            X    Director                             10% Owner
          -----                                 -----
            X    Officer (give title below)           Other (specify below)
          -----                                 -----

                             Chairman of the Board,
                            Chief Executive Officer,
                                 and President

C/M:  12104.0001 394765.1 08/12/96 5:3PM

<TABLE>
<CAPTION>

- -------------------------------------------------------------------------------------------------------------
            Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- -------------------------------------------------------------------------------------------------------------

<C>                         <C>           <C>                     <C>                                        
1. Title of Security        2. Trans-     3. Transaction          4. Securities Acquired (A)                 
   (Instr. 3)                  action        Code                    or Disposed of (D)                      
                               Date                                  (Instr. 3, 4 and 5)                     
                                             (Instr.8)                                                       
                              (Month/                                                                        
                              Day/
                              Year)                                                                          
                                        --------------------   -------------------------------
                                            Code         V     Amount   (A) or (D)    Price
- -------------------------------------------------------------------------------------------------------------
Common Stock                  7/31/96         P                 100         A        $17.75                  
- -------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

- -----------------------------------------------------------------------------------------------
            Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------

<C>                         <C>                    <C>              <C>      
1. Title of Security        5. Amount of           6. Ownership     7. Nature
   (Instr. 3)                  Securities             Form:            of Indirect
                               Beneficially           Direct (D)       Beneficial
                               Owned at End           or Indirect      Ownership
                               of Month               (I)
                            
                            (Instr. 3 and 4)          (Instr. 4)      (Instr. 4)
                            
                            
- ----------------------------------------------------------------------------------
Common Stock                      32,267*                D
- ----------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------
</TABLE>
Reminder:  Report on a separate line for each class of securities  beneficially
owned directly or indirectly.                                             (Over)

                   (Print or Type Responses)                     SEC 1474 (8-92)
- --------
* 2,167 of such Shares are owned indirectly through the Retirement and Savings
  Plans.

C/M:  12104.0001 394722.1 08/12/96 4:52PM

<PAGE>

<TABLE>
<CAPTION>

FORM 4 (continued)             Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                        (e.g., put, calls, warrants, options, convertible securities)


- ------------------------------------------------------------------------------------------------------------------
<C>                                <C>              <C>             <C>                  <C>                      
1. Title of Derivative Security    2. Conver-       3. Trans-       4. Transac-          5. Number of Deriv-      
                                      sion or          action          tion Code            ative Securities      
   (Instr. 3)                         Exercise         Date                                 Acquired (A) or       
                                      Price of                         (Instr. 8)           Disposed of (D)       
                                      Deriv-           (Month/                                                    
                                      ative            Day/                                 (Instr. 3, 4,         
                                      Security         Year)                                and 5)                
                                                                                                                  

                                                                                                                  

                                                                                                                 -
                                                                                                                  
                                                                                                                  
                                                                                                                  
                                                                  ------------------------------------------------
                                                                     Code         V         (A)          (D)
- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>

FORM 4 (continued)             Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                        (e.g., put, calls, warrants, options, convertible securities)


- ------------------------------------------------------------------------------------------------------------------------------------
<C>                        <C>                    <C>                      <C>             <C>            <C>            <C>        
1. Title of                6. Date Exer-          7. Title and Amount of   8. Price of     9. Number      10. Owner-     11. Nature 
   Derivative Security        cisable and            Underlying Securities    Derivative   of Deriv-      ship Form of   of Indirect
   (Instr. 3)                 Expiration                                      Security     ative          Derivative     Beneficial
                              Date                   (Instr. 3 and 4)                      Securities     Security:      Ownership
                             (Month/Day/                                      (Instr. 5)   Beneficially   Direct (D) or
                             Year)                                                         Owned at       Indirect (I)   (Instr. 4)
                                                                                           End of         (Instr. 4)
                                                                                           Month

                                                                                           (Instr. 4)

                         --------------------------------------------------
                           Date        Expir-        Title      Amount or
                           Exer-       ation                    Number of
                           cisable     Date                     Shares
                         -
                         
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</TABLE>

Explanation of Responses:


**Intentional misstatements or omissions of facts constitute Federal Criminal 
  Violations.


          By: /s/ Steven D. Jorns                 August 12, 1996
             -------------------------------     -----------------------
             **Signature of Reporting Person            Date
             Steven D. Jorns

  See 18 U.S.C.  1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed.
        If space provided is insufficient, see Instruction 6 for procedure.

                                                                         Page 2
                                                                SEC 1474 (8-92)

C/M:  12104.0001 394722.1 08/12/96 4:52PM




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