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ANGELES PARTICIPATING MORTGAGE TRUST REPORTS FISCAL 1995 RESULTS

LOS ANGELES, March 7 /PRNewswire/ -- Angeles Participating Mortgage Trust (AMEX: APT) today announced that it had a net operating loss of $135,000 or $0.05 per Class A share, on revenues of $148,000 for the fiscal year ending December 31, 1995. Net loss for the fourth quarter ended December 31, 1995 was $38,000, or $0.01 per Class A share on revenues of $38,000.
 Summary Annual Financial Information
 As of December 31 and for
 the years then ended
 1995 1994
 Revenue $148,000 $296,000
 Costs and expenses $283,000 $626,000
 Net income (loss) $(135,000) $(330,000)


Net income (loss) per
 Class A share $(0.05) $(0.13)


Cash distributions to
 shareholders $ --- $ ---


Cash distributions per
 Class A share $ --- $ ---
 Total assets $2,194,000 $2,372,000
 Total liabilities $39,000 $82,000
 Shareholders equity $2,155,000 $2,290,000
 Summary of Fourth Quarter Financial Information
 For the quarter ended
 December 31
 1995 1994
 Revenue $38,000 $242,000
 Net income (loss) $(38,000) $(93,000)


Net income (loss) per
 Class A share $(0.01) $(0.04)


APT's only source of income during 1995 is from interest earned on its cash and cash equivalents.

APT is in the process of preparing for a shareholders meeting which the Trust expects to present to the shareholders, for their vote, a new business plan for the Trust.
 -0- 3/7/96


/CONTACT: Ann Merguerian of Angeles Participating Mortgage Trust, 805-449-1335/

(APT)

CO: Angeles Participating Mortgage Trust ST: California IN: FIN SU: ERN

ST-SS -- LATH057 -- 1396 03/07/96 18:41 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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