American Community Properties: Begins Trading

                          News Release
                                
                                
FOR IMMEDIATE RELEASE                                   CONTACT
October 5, 1998                                         Edwin L. Kelly
                                                        (301) 843-8600


       AMERICAN COMMUNITY PROPERTIES TRUST BEGINS TRADING
             ON AMERICAN AND PACIFIC STOCK EXCHANGES
                                
                                
     American Community Properties Trust (ACPT), a diversified

real estate organization, today announced the commencement of

trading on the American Stock Exchange (AMEX) and Pacific Stock

Exchange (PSE) under the ticker symbol "APO".

     ACPT specializes in community development, investment

apartment properties, and asset management services.

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