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AIM 85 REPORTS 1992 EARNINGS OF $1.22 PER UNIT

 ROCKVILLE, Md., March 30 /PRNewswire/ -- American Insured Mortgage Investors-Series 85, L.P. (AIM 85) (AMEX: AII), reported net earnings of approximately $15.3 million ($1.22 per unit) for the 12 months ended Dec. 31, 1992, compared with 1992's net earnings of approximately $12.8 million ($1.02 per unit).
 Net earnings were higher in 1992 than in 1991 primarily because loan losses decreased, interest and other income increased, and asset management fees decreased.
 As of Dec. 31, 1992, AIM 85 had 88 insured mortgages with an aggregate carrying value of approximately $181.2 million and a face value of approximately $193.8 million, including Mortgages Held for Disposition and an Asset Held for Sale Under Coinsurance Program.
 AMERICAN INSURED MORTGAGE INVESTORS-SERIES 85, L.P.
 Statements of Operations
 For the three months For the year
 ended Dec. 31, ended Dec. 31,
 1992 1991 1992 1991
 (Unaudited) (Audited)
 Income:
 Mortgage investment
 income $4,315,686 $4,534,164 $16,102,385 $17,995,291
 Interest and
 other income 971,664 274,090 2,694,276 1,494,809
 Total 5,287,350 4,808,254 18,796,661 19,490,100
 Expenses:
 Asset management
 fee to related
 parties 511,552 464,901 1,920,112 2,810,323
 General and
 administrative 100,006 246,483 912,068 896,905
 Total 611,558 711,384 2,832,180 3,707,228
 Earnings before
 loan losses and
 gain on mortgage
 dispositions 4,675,792 4,096,870 15,964,481 15,782,872
 Loan losses (359,831) (344,400) (800,566) (3,434,930)
 Gain on mortgage
 dispositions 148,955 -- 148,955 460,406
 Net earnings $4,464,916 $3,752,470 $15,312,870 $12,808,348
 Net earnings per
 limited partnership
 unit $0.36 $0.30 $1.22 $1.02
 -0- 3/30/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan Railey, 301-468-3120, both for AIM 85/
 (AII)


CO: American Insured Mortgage Investors-Series 85 ST: Maryland IN: FIN SU: ERN

IH-TW -- DC008 -- 0875 03/30/93 08:56 EST
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Publication:PR Newswire
Date:Mar 30, 1993
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