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ANGELES PARTICIPATING MORTGAGE TRUSTANNOUNCES FORMATION OF COMMITTEE OF INDEPENDENT TRUSTEES

 LOS ANGELES, March 5 /PRNewswire/ -- Angeles Participating Mortgage Trust (AMEX: APT) announced today the formation of a committee, consisting solely of the APT trustees who are not affiliated with Angeles Corp., to make all decisions relating to the trust's dealings with Angeles Corp. or any of its affiliates, including Factory Merchants Malls Inc. The trust also announced that an independent counsel has been engaged to assist this committee.
 On behalf of the independent trustees, Jack McDonald noted that "the independent trustees of Angeles Participating Mortgage Trust are absolutely committed to doing everything within our power to protect the interests of the trust and its shareholders. We will be keeping the shareholders continually apprised of our efforts, and I ask that they be patient as these efforts proceed."
 -0- 3/5/93
 /CONTACT: Ron Consiglio of Angeles, 310-247-0975/
 (APT)


CO: Angeles Participating Mortgage Trust ST: California IN: SU: PER

BP-JB -- LA020 -- 3630 03/05/93 18:00 EST
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Publication:PR Newswire
Date:Mar 5, 1993
Words:157
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