FELCOR LODGING TRUST INC
3, 1998-10-13
REAL ESTATE INVESTMENT TRUSTS
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F O R M 3                           U.S. Securities and Exchange Commission             OMB Approval
                                            Washington, D.C.  20549                     OMB Number                3235-0104
                                                                                        Expires:         September 30, 1998
                                                                                        Estimated ave.burden
                                                                                        hours per response .............0.5
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                                  INITIAL  STATEMENT OF BENEFICIAL  OWNERSHIP OF SECURITIES

                                            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
- --------------------------------------------------------------------------------------------------------
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1.   Name and Address of Reporting Person       2.  Date of Event Requiring       3. IRS or Soc.Sec.No.
                                                    Statement (Month/Day/Yr)         of Reporting Person
         Mundy        Larry          J.                                                     (Voluntary)
                                                              09/03/1998
     _____________________________________           _______________________        __________________
         (Last)      (First)     (Middle)

         545 E. John Carpenter Frwy.
         Suite 1300
     _____________________________________       4. Issuer Name and Ticker or Trading
                    (Street)                        Symbol

                                                      FelCor Lodging Trust Incorporated  (FCH)
         Irving            TX       75062-0000
     _____________________________________           _______________________________________________
         (City)      (State)   (ZIP)

5.   Relationship of Reporting Person to Issuer      6.   If Amendment, Date of Original
     (Check all applicable)                                           09/08/1998
       _________  Director  ________  10% Owner          ------------------------------------
           X      Officer               Other                          (Month/Day/Year)
       ---------            --------
     (give title below)    (specify below)           7. Individual or Joint/Group Filing
                                                        (Check Applicable Line)
     Senior Vice President, Director
     of Hotel Acquisitions                               X  Form filed by one Reporting Person
     -------------------------------                    ---
                                                        ___ Form filed by more than one Reporting Person

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* If the Form is filed by more than one Reporting
  Person, see Instruction 5(b)(v)
- ------------------------------------------------------------------------------------------------------------
             Table I - Non-Derivative Securities Beneficially Owned
- ------------------------------------------------------------------------------------------------------------
1.   Title of Security              2.    Amount of          3.     Ownership Form:   4.   Nature of Indirect
     (Instr. 4)                           Securities                Direct (D) or          Beneficial
                                          Beneficially              Indirect (I)           Ownership
                                          Owned (Instr. 4)          (Instr. 5)             (Instr. 5)


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

     Common Stock                            1,700                      D
     ----------------------------         ----------------          ----------------        -----------------

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

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

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

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
         (Print or Type Responses)
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                                                                          Page 1
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FORM 3 (continued)
Page 2

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- ------------------------------------------------------------------------------------------------------------
               Table II - Derivative Securities Beneficially Owned
          (e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------
1.   Title of                       2.  Date Exercisable and           3.  Title and Amount of Securities
     Derivative                         Expiration Date                    Underlying Derivative Security
     Security                           (Month/Day/Year)                   (Instr. 4)

                                    Date             Expiration                         Amount or Number
                                    Exercisable      Date              Title            of Shares

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

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

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

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

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

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4.  Conversion or Exercise          5.  Ownership Form of                       6.  Nature of Indirect Beneficial
    Price of Derivative                 Derivative Security:                        Ownership
    Security                            Direct (D) or Indirect (I)                  (Instr. 5)
     (Instr. 4)                         (Instr. 5)

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

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

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

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

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

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

    ----------------------------        ----------------------------------          ------------------------------
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Explanation of Responses:






                                /s/ Larry J. Mundy                   10/09/98
                               ---------------------------------     -----------
                                **Signature of Reporting Person      Date


** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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