<PAGE>
Prospectus Supplement
(To Prospectus dated December 18, 1997)
EQUITY RESIDENTIAL PROPERTIES TRUST
DISTRIBUTION REINVESTMENT AND SHARE PURCHASE PLAN
____________________________
This prospectus supplement contains a revised Schedule A to the prospectus
dated December 18, 1997 relating to the Equity Residential Properties Trust
Distribution Reinvestment and Share Purchase Plan. The revised Schedule A to
the prospectus restates in its entirety the Schedule A previously included as
part of the prospectus. The revised Schedule A sets forth the expected dates
relating to optional cash payments and common share distribution reinvestments
under the plan for 1999 and 2000, each as described in the prospectus.
IF YOU WOULD LIKE TO RECEIVE A COPY OF THE ENTIRE PROSPECTUS, PLEASE CALL
(800) 337-5666. IF YOU HAVE ANY FURTHER QUESTIONS REGARDING THE PLAN, PLEASE
CONTACT US AT:
EQUITY RESIDENTIAL PROPERTIES TRUST
ATTENTION: INVESTOR RELATIONS
TWO NORTH RIVERSIDE PLAZA
SUITE 400
CHICAGO, IL 60606
TELEPHONE NUMBER: (888) 879-6356
________________________
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS FEBRUARY 5, 1999
<PAGE>
SCHEDULE A
FOR 1999 AND 2000
OPTIONAL CASH PAYMENTS
<TABLE>
<CAPTION>
RECORD DATE AND
THRESHOLD PRICE OPTIONAL CASH PRICING PERIOD
AND PAYMENT COMMENCEMENT PRICING PERIOD
DISCOUNT SET DATE DUE DATE DATE CONCLUSION DATE
------------------ --------------- --------------- -----------------
<S> <C> <C> <C>
December 31, 1998 January 6, 1999 January 7, 1999 January 21, 1999
February 1, 1999 February 4, 1999 February 5, 1999 February 19, 1999
February 25, 1999 March 2, 1999 March 3, 1999 March 16, 1999
April 1, 1999 April 7, 1999 April 8, 1999 April 21, 1999
May 4, 1999 May 7, 1999 May 10, 1999 May 21, 1999
May 26, 1999 June 1, 1999 June 2, 1999 June 15, 1999
June 30, 1999 July 7, 1999 July 8, 1999 July 21, 1999
August 2, 1999 August 5, 1999 August 6, 1999 August 19, 1999
August 26, 1999 August 31, 1999 September 1, 1999 September 15, 1999
October 1, 1999 October 6, 1999 October 7, 1999 October 20, 1999
November 1, 1999 November 4, 1999 November 5, 1999 November 18, 1999
November 26, 1999 December 1, 1999 December 2, 1999 December 15, 1999
December 31, 1999 January 6, 2000 January 7, 2000 January 21, 2000
February 1, 2000 February 7, 2000 February 8, 2000 February 22, 2000
February 24, 2000 March 1, 2000 March 2, 2000 March 15, 2000
April 3, 2000 April 7, 2000 April 10, 2000 April 21, 2000
May 2, 2000 May 8, 2000 May 9, 2000 May 22, 2000
May 25, 2000 June 1, 2000 June 2, 2000 June 15, 2000
June 30, 2000 July 7, 2000 July 10, 2000 July 21, 2000
August 1, 2000 August 7, 2000 August 8, 2000 August 21, 2000
August 25, 2000 August 31, 2000 September 1, 2000 September 15, 2000
October 2, 2000 October 6, 2000 October 9, 2000 October 20, 2000
November 1, 2000 November 7, 2000 November 8, 2000 November 21, 2000
November 24, 2000 November 30, 2000 December 1, 2000 December 14, 2000
</TABLE>
COMMON SHARE DISTRIBUTION REINVESTMENTS (1)
<TABLE>
<CAPTION>
RECORD DATE INVESTMENT DATE (2)
----------- -------------------
<S> <C>
March 20, 1999 April 9, 1999
June 20, 1999 July 9, 1999
September 20, 1999 October 8, 1999
December 20, 1999 December 31, 1999
March 20, 2000 April 14, 2000
June 20, 2000 July 14, 2000
September 20, 2000 October 13, 2000
December 19, 2000 December 29, 2000
</TABLE>
____________________
(1) The dates indicated are those expected to be applicable under the Plan
with respect to future distributions, if and when declared by the Board
of Trustees. The actual record and payment dates will be determined by
the Board of Trustees at its discretion.
(2) The Investment Date relating to distributions is also the pricing date
with respect to Common Shares acquired directly from the Company with
such distributions. See Question 12.
<PAGE>
NEW YORK STOCK EXCHANGE HOLIDAYS
<TABLE>
<CAPTION>
1999 2000
---- ----
<S> <C> <C>
New Year's Day January 1 (1)
Martin Luther King, Jr. Day January 18 January 17
President's Day February 15 February 21
Good Friday April 2 April 21
Memorial Day May 31 May 29
Independence Day July 5 (observed) July 4
Labor Day September 6 September 4
Thanksgiving Day November 25 November 23
Christmas December 24 December 25
</TABLE>
___________________
(1) New Year's Day 2000 falls on a Saturday. The Exchange will be open for
regular trading hours on Friday, December 31, 1999 and Monday, January 3,
2000.
