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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3 OMB APPROVAL
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OMB NUMBER: 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response ...... 0.5
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section16(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
1. Name and Address of Reporting Person
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(Last) (First) (Middle)
Jorns Steven D.
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(Street)
4700 Bluffview Blvd.
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(City) (State) (Zip)
Dallas TX 75209
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2. Date of Event Requiring Statement (Month/Day/Year)
7/25/96
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
American General Hospitality Corporation/AGT
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5. Relationship of Reporting Person to Issuer:
(Check all applicable)
X Director 10% Owner
----- ------
X Officer (give Other (Specify
----- title below) ------ below)
Chairman of the Board,
Chief Executive Officer and President
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6. If Amendment, Date of Original (Month/Day/Year)
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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<S> <C> <C> <C>
Common Stock 2,167 I By Retirement Savings Plan
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Common Stock 30,000* D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
*The reporting person has a vested interest in 10% of the shares. The remaining
90% of the shares will vest in installments of 20%, 20%, 25% and 25% over the
next four years.
(Over)
SEC 1473 (8-92)
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month Day Security Direct (D) (Instr. 5)
Year) or
------- ------- --------------------------------- Indirect (I)
Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option *** 7/24/06 Common Stock 225,000 $17.75 D
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</TABLE>
Explanation of Responses:
***The option vests in four annual installments that commenced on its grant date
in 1996.
****The reporting person disclaims beneficial ownership of these shares.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Steven D. Jorns 7/25/96
_______________________________ ______________
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient,
See Instruction 6 for procedure.
