UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                               Commission File Number:  1-11060

                       American Insured Mortgage Investors
             (Exact name of registrant as specified in its charter)

             11200 Rockville Pike Rockville, MD 20852 (301) 816-2300
         (Address, including zip code, and telephone number, including area
                code, of registrant's principal executive offices)

                Depositary Units of Limited Partnership Interest
            (Title of each class of securities covered by this Form)

                                      None
       (Titles of all other classes of securities for which a duty to file
 reports under section 13(a) or 15(d) remains) Please place an X in the box(es)
   to designate the appropriate rule provision(s) relied upon to terminate or
                       suspend the duty to file reports:

        Rule 12g-4(a)(1)(i)       X        Rule 12h-3(b)(1)(i)        X
        Rule 12g-4(a)(1)(ii)               Rule 12h-3(b)(1)(ii)
        Rule 12g-4(a)(2)(i)                Rule 12h-3(b)(2)(i)
        Rule 12g-4(a)(2)(ii)               Rule 12h-3(b)(2)(ii)
                                           Rule 15d-6

Approximate  number of holders of record as of the  certification or notice
date: 0. The General  Partner of the  Registrant has filed with the Secretary of
State of the State of  California,  a  Certificate  of  cancellation  of Limited
Partnership of American Insured Mortgage Investors  effective as of February 25,
2004.

Pursuant  to  the  requirements  of the  Securities  Exchange  Act of  1934
American Insured Mortgage Investors has caused this  certification/notice  to be
signed on its behalf by the undersigned duly authorized person.

Date:  February 25, 2004           By:  American Insured Mortgage Investors
                                        CRIIMI, Inc., its General Partner



                                   By:
                                        ------------------------------------
                                        Mark Libera
                                        Vice President and Acting General
                                        Counsel

Instruction:  This form is required by Rules 12g-4,  12h-3 and 15d-6 of the
General Rules and  Regulations  under the  Securities  Exchange Act of 1934. The
registrant  shall file with the Commission three copies of Form 15, one of which
shall be manually signed.  It may be signed by an officer of the registrant,  by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.