EXHIBIT 99.1

Contact: Susan B. Railey                    FOR IMMEDIATE RELEASE
         (301) 468-3120
         Sharon Bramell
         (301) 213-0351


                 AIM 84 DECLARES THIRD QUARTER 2003 DISTRIBUTION
                              OF TWO CENTS PER UNIT


                             ------------------------


     ROCKVILLE,  MD,  September  19, 2003- - (AMEX/AIA)  The general  partner of
American Insured  Mortgage  Investors (AIM 84) today declared a distribution for
the quarter  ended  September  2003 in the amount of two cents per unit  regular
cash  flow.  The  distribution  will be paid on  November  3, 2003 to holders of
record on September 30, 2003.


                                    # # #