FELCOR LODGING TRUST INC
4, 1999-10-08
REAL ESTATE INVESTMENT TRUSTS
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F O R M  4                U.S. SECURITIES AND EXCHANGE COMMISSION
                                    Washington, D.C. 20549
[ ]  Check this box if                       OMB APPROVAL
     no longer subject                       OMB Number                3235-0287
     to Section 16                           Expires:         September 30, 1998
                                             Estimated ave. burden
                                             hours per response _____        0.5

                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
- --------------------------------------------------------------------------------
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.                               September 1999                X  Director  ___ 10% Owner
- ---------------------------------------  -----------------------    -----------------   ---
     (Last)                (First)  (MI)    3.IRS or Soc.Sec.No.       4.Statement for      Officer           Other
                                                                                        ---               ---
                                              of Reporting Person        Month/Year     (Give title   (specify below)
                                              (Voluntary)                               below)

545 E. John Carpenter Frwy., Suite 1300
- ---------------------------------------------------------                                       -------------------------------
     (Street)                                                        ----------------
                                                                       5.If Amendment,      7.Individual or Joint/Group
                                                                         Date of Original     Filing (Check Applicable
Irving                   TX             75062-0000                       (Month/Year)
- --------------------------------------------------------
Line)
     (City)                (State)          (Zip)
                                                                                               X  Form filed by One
                                                                                              ---
                                                                                              Reporting Person

                                                                                                  Form filed by More
                                                                                               ---
                                                                                              than One Reporting Person
</TABLE>

- --------------------------------------------------------------------------------
 Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned
- --------------------------------------------------------------------------------
<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                                 09/17/99                      P                300.00        A     $17.88
- -----------------------------------------  -------------------          ------- -----  ----------------  ----  ---------

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

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

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

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

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


</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)

300.00                                                  I                                 Trust (1)
- ---------------------------------------      ------------------------------             -----------------------------

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

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

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

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

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



</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>

- --------------------------------------------------------------------------------
             Table II - Derivative Securities Acquired, Disposed of,
                    or Beneficially Owned (e.g., puts, calls,
                    warrants, options, convertible security)
- --------------------------------------------------------------------------------
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


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


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

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

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

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

- ------------------------------------------     --------------------    ----------------          ---------------
</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)

- -------------------------------------------------------------------------------------------------------------------
       (A)             (D)                  Date          Expiration                 Title        Amount or number
                                            Exercisable   Date                                    of Shares


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

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

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

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

</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)


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

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

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

- -----------------------    -----------------------------------    --------------------------  ------------------------
<FN>
Explanation of Responses

Note:  (1) Held by Richard S. Ellwood 1997 Charitable Trust, under which Mr.
           Ellwood is an income beneficiary and trustee.

</FN>
</TABLE>

<TABLE>
<CAPTION>
<S>                                                                             <C>

                                                                                /s/ Richard S. Ellwood           10/07/99
**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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