F O R M 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 1940
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1.Name and Address of 2.Issuer Name and Ticker 6.Relationship of Reporting
Reporting Person* or Trading Symbol Person to Issuer (check
all Applicable)
FelCor Lodging Trust
Incorporated (FCH)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Ellwood Richard S. October 1998 X Director ___ 10% Owner
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(Last) (First) (MI) 3.IRS or Soc.Sec.No. 4.Statement for Officer Other
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of Reporting Person Month/Year (Give title (specify below)
(Voluntary) below)
545 E. John Carpenter Frwy., Suite 1300
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(Street) ----------------
5.If Amendment, 7.Individual or Joint/Group
Date of Original Filing (Check Applicable
Irving TX 75062-0000 (Month/Year)
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Line)
(City) (State) (Zip)
X Form filed by One
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Reporting Person
Form filed by More
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than One Reporting Person
</TABLE>
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Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned
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<TABLE>
<CAPTION>
<S> <C> <C> <C>
1. Title of Security 2. Transaction 3. Transaction 4. Security Acquired (A)
(Inst.3) Date Code or Disposed of (D)
(Month/ (Instr.8) (Inst.3, 4 & 5)
Day/Yr) _________________________________________
(A)
Code V Amount (D) Price
Common Stock
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Common Stock 10/15/1998 P 400 A $20.1875
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Common Stock
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Common Stock
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Common Stock
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</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
5. Amount of Securities 6. Ownership Form 7. Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
at End of Month Indirect (I) (Inst. 4)
(Inst. 3 & 4)
7000 D
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1200 I (01) 1997 Charitable Trust
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1000 I (02) By Spouse
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200 I (03) Trust U/W/O M. Ellwood
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1000 I (04) By R.S. Ellwood & Co., Inc.
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</TABLE>
Reminder: Report on a separate line for each class securities owned directly or
indirectly. *If the form is filed by more than one reporting person, see
Instruction 4(b)(v). Page 1
<PAGE>
FORM 4 (continued)
Page 2
<TABLE>
<CAPTION>
<S> <C> <C> <C>
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Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible security)
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1. Title of 2. Conversion 3. Transaction 4. Transaction
Derivative or Exercise Date (Month Code
Security Price of (Day/Year) (Instr. 8)
(Instr.3) Derivative
Security Code V
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</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
5. Number of Derivative 6. Date Exercisable 7. Title & Amount of
Securities Acquired & Expiration Date Underlying Securities
(A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4)
(Instr. 3, 4 & 5)
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(A) (D) Date Expiration Title Amount or number
Exercisable Date of Shares
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</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
8. Price of Derivative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect
Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial
Month (Instr. 4) Direct (D) or Ownership (Instr.4)
Indirect (I) (Instr.4)
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<FN>
Explanation of Responses
(01) Held by Richard S. Ellwood 1997 Charitable Trust, under which Mr. Ellwood
is an income beneficiary and trustee.
(02) Owned by Mr. Ellwood's spouse, in which shares Mr. Ellwood disclaims any
beneficial interest.
(03) Held by trust under which Mr. Ellwood is the trustee and beneficiary.
(04) Mr. Ellwood is the sole stockholder of R.S. Ellwood & Co., Inc.
</FN>
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
/s/ Richard S. Ellwood 05/06/99
**Intentional misstatements or omissions of facts constitute Federal ------------------------------------------
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
</TABLE>
Potential persons who are to respond to the collections of information contained
in this form are not required to respond unless the form displays a currently
valid OMD Number.
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