<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
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1998    
<PERIOD-START>                                 JAN-1-1998      
<PERIOD-END>                                   DEC-31-1998    
<CASH>                                         2,953,125            
<SECURITIES>                                   10,303,002           
<RECEIVABLES>                                  46,864,577           
<ALLOWANCES>                                   132,387              
<INVENTORY>                                    0                    
<CURRENT-ASSETS>                               0                    
<PP&E>                                         0                    
<DEPRECIATION>                                 0                    
<TOTAL-ASSETS>                                 59,993,040           
<CURRENT-LIABILITIES>                          1,788,466            
<BONDS>                                        0                    
<PREFERRED-MANDATORY>                          0                    
<PREFERRED>                                    0                    
<COMMON>                                       0                    
<OTHER-SE>                                     58,204,574           
<TOTAL-LIABILITY-AND-EQUITY>                   59,993,040           
<SALES>                                        0                    
<TOTAL-REVENUES>                               4,031,515            
<CGS>                                          0                    
<TOTAL-COSTS>                                  0                    
<OTHER-EXPENSES>                               634,903              
<LOSS-PROVISION>                               0                    
<INTEREST-EXPENSE>                             0                    
<INCOME-PRETAX>                                3,396,612            
<INCOME-TAX>                                   0                    
<INCOME-CONTINUING>                            0                    
<DISCONTINUED>                                 0                    
<EXTRAORDINARY>                                0                    
<CHANGES>                                      0                    
<NET-INCOME>                                   3,396,612            
<EPS-PRIMARY>                                  .88                  
<EPS-DILUTED>                                  .88