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AIM 84 REPORTS THIRD QUARTER NET EARNINGS OF 10 CENTS PER UNIT

 ROCKVILLE, Md., Nov. 3 /PRNewswire/ -- American Insured Mortgage Investors (AIM 84) (AMEX: AIA), a self-liquidating partnership that holds investments in multifamily mortgages, reported net earnings for the three months ended Sept. 30, 1993, of approximately $1.1 million (10 cents per investment unit). This represents an increase from the earnings reported for the third quarter of 1992 of approximately $919,000 (9 cents per investment unit). This increase is primarily due to the recognition of a gain of $108,415 in September 1993 representing the receipt of additional sale proceeds resulting from an adjustment to the sale price of a defaulted mortgage sold in 1992.
 At quarter-end, AIM 84 was invested in 18 government-insured mortgage investments on multifamily housing (two of which were classified as Mortgages Held for Disposition) and had total assets of approximately $47 million.
 AMERICAN INSURED MORTGAGE INVESTORS
 Statements of Operations
 For the three months For the nine months
 ended Sept. 30, ended Sept. 30,
 1993 1992 1993 1992
 Income:
 Mortgage investment
 income $1,119,300 $1,124,830 $3,363,492 $3,415,472
 Interest and other
 income 5,105 5,918 15,386 201,267
 Total 1,124,405 1,130,748 3,378,878 3,616,739
 Expenses:
 Asset management fee
 to related party 110,229 110,229 330,687 341,584
 General and
 administrative 70,937 101,620 251,360 381,478
 Total 181,166 211,849 582,047 723,062
 Earnings Before
 Mortgage Dispositions 943,239 918,899 2,796,831 2,893,677
 Mortgage Dispositions
 Loss -- -- -- (21,103)
 Gain 108,415 -- 108,415 --
 Net earnings $1,051,654 $ 918,899 $2,905,246 $2,872,574
 Net earnings per Unit
 of Limited Partnership
 Interest $ 0.10 $ 0.09 $ 0.28 $ 0.28
 Total assets -- -- $46,968,887 $46,981,793
 -0- 11/3/93 R
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 84/
 (AIA)


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

OP -- DC006R -- 3153 11/03/93 15:00 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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