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 August 19, 1998 (July 31, 1998)
(Date of earliest event reported)
ENTERTAINMENT PROPERTIES TRUST
(Exact name of Registrant as specified in its charter)
Maryland 43-179877
(State or other jurisdiction of Incorporation) (Commission
File Number) (I.R.S. Employer 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)
<PAGE>
ITEM 5. OTHER EVENTS
Entertainment Properties Trust (the "Company") issued a
press release on July 31, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing that Entertainment Properties Trust was added to the
Russell 2000 Index.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following Exhibits are filed with this
report:
Exhibit No. Description
99 Press Release, issued July 31, 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: August 19, 1998
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
ADDED TO RUSSELL 2000 INDEX
KANSAS CITY, Mo. (July 31, 1998) -- Entertainment Properties
Trust (EPR:NYSE), a Real Estate Investment Trust (REIT) that owns
entertainment-related properties, announced today that it has
been added to the Russell 2000 Index which tracks companies with
a capitalization of less than $1.4 billion.
"We are honored to be included in the ranks of the Russell 2000
Index and take this as an affirmation of our position as the only
entertainment-related real estate investment trust," said David
M. Brain, chief financial officer of Entertainment Properties
Trust.
The Russell 2000 Index is comprised of the smallest 2,000
companies in the Russell 3000 Index, which represents
approximately 11 percent of the total market capitalization of
the Russell 3000 Index. The average market capitalization was
approximately $592 million; the median market capitalization was
approximately $500 million.
Entertainment Properties Trust total market capitalization is
$379 million. EPR was among only 160 companies that went public
in the last year (IPO) to be included in the index.
-MORE-
<PAGE>
EPR Russell 2000 -- Page 2
Since becoming publicly traded in November of 1997, Entertainment
Properties Trust has acquired 19 megaplex theatre properties
throughout the United States which are operated by such first-run
movie exhibitors as AMC Entertainment, Muvico Theaters,
Consolidated Theatres and Regal Cinemas.
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.
Entertainment Properties Trust company contact: Jon Weis,
Director, Corporate Communications, 1200 Main Street, Suite 3250,
Kansas City, Missouri 64105. 888-EPR-REIT. FAX (816) 472-5794.
Please visit our web site at www.eprkc.com.
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