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                                                                    EXHIBIT 99.1

          Agreement Regarding Disclosure of Long-Term Debt Instruments

                  In reliance upon Item 601(b)(4)(iii)(A), of Regulation S-K,
Apartment Investment and Management Company, a Maryland corporation (the
"Company") has not filed as an exhibit to its Quarterly Report on Form 10-Q for
the quarterly period ended March 31, 2001, any instrument with respect to
long-term debt not being registered where the total amount of securities
authorized thereunder does not exceed 10 percent of the total assets of the
Company and its subsidiaries on a consolidated basis. Pursuant to Item
601(b)(4)(iii)(A), of Regulation S-K, the Company hereby agrees to furnish a
copy of any such agreement to the Securities Exchange Commission upon request.

                                                   APARTMENT INVESTMENT AND
                                                   MANAGEMENT COMPANY


                                                   By: /s/ PETER KOMPANIEZ
                                                       -------------------
                                                       Peter Kompaniez
                                                       President