SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549




                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

               Date of Report: (Date of Earliest Event Reported):
                         March 21, 2002 (March 20, 2002)





                       AMERICAN INSURED MORTGAGE INVESTORS
             (Exact name of registrant as specified in its charter)

        California                      1-11060                  13-3180848
(State or other jurisdiction          (Commission             (I.R.S. Employer
     of incorporation)                File Number)           Identification No.)







                              11200 Rockville Pike
                            Rockville, Maryland 20852
   (Address of principal executive offices, including zip code, of Registrant)

                                 (301) 816-2300
              (Registrant's telephone number, including area code)



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Item 5.  Other Events.

     Attached  as an  exhibit  to this  Current  Report  on Form  8-K is a press
release  issued by the General  Partner on March 20, 2002  announcing the fourth
quarter  2002 net  earnings  for the  Partnership.  The above  referenced  press
release is incorporated by reference herein.

     Attached  as an  exhibit  to this  Current  Report  on Form  8-K is a press
release issued by the General Partner on March 21, 2002 announcing the quarterly
distribution  to the  Partnership's  unitholders.  The  above  referenced  press
release is incorporated by reference herein.




Item 7.  Financial Statements and Exhibits.

(c)  Exhibits. The following exhibits are filed with this report:

     Exhibit 99.1 - Press Release dated March 20, 2002.

     Exhibit 99.2 - Press Release dated March 21, 2002.



SIGNATURE

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.



                                                    AMERICAN INSURED MORTGAGE
                                                    INVESTORS

                                                    By: CRIIMI, Inc.
                                                        General Partner


Dated: March 21, 2002                               By:/s/ Mark A. Libera
                                                       -------------------------
                                                       Mark A. Libera
                                                       Vice President
                                                       General Counsel

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                                  EXHIBIT INDEX

Exhibit
No.                                Description
--------------------------------------------------------------------------------

*    99.1 Press Release dated March 20, 2002

*    99.2 Press Release dated March 21, 2002

*    Filed herewith.