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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 June 30, 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