<ARTICLE> 5 <LEGEND> The Schedule contains summary financial information extracted from the financial statements for American Mortgage Investors Trust and is qualified in its entirety by reference to such financial statements </LEGEND> <CIK> 0000878774 <NAME> American Mortgage Investors Trust <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <EXCHANGE-RATE> 1 <CASH> 1,840,715 <SECURITIES> 12,495,878 <RECEIVABLES> 47,309,329 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 61,645,922 <CURRENT-LIABILITIES> 1,259,997 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 60,385,925 <TOTAL-LIABILITY-AND-EQUITY> 61,645,922 <SALES> 0 <TOTAL-REVENUES> 4,244,854 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 699,039 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,545,815 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,545,815 <EPS-PRIMARY> .92 <EPS-DILUTED> 0