Arizona Land Income Corp. Announces the Addition of a Fourth Director to the Board.

Business Editors

PHOENIX--(BUSINESS WIRE)--March 31, 2004

Arizona Land Income Corp. (AMEX AMEX

See: American Stock Exchange : AZL AZL Automated Zone List ), an independent real estate investment trust (REIT REIT

See: Real Estate Investment Trust

REIT

See real estate investment trust (REIT). ), announced today that its board of directors has increased the number of directors serving on the board from three to four members and has elected David W. Miller to the new directorship. Miller is a managing director and the chief financial officer of Peacock, Hislop, Staley & Given Inc. Thomas R. Hislop, chairman of the board of Arizona Land Income Corp., said, "We are pleased that David Miller David Miller could refer to any of the following:

David Miller (architect), University of Washington, Seattle Professor, FAIA
David Miller (Canadian politician), mayor of Toronto
David Miller (darts player), an American professional darts player

has agreed to join the board of directors of Arizona Land. His financial background and experience will be of great value to our board, particularly as he will serve as a member of the board's audit committee. We look forward to Mr. Miller's service on the board."

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Mar 31, 2004
Words:	135
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