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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________ )*
AMERICAN INSURED MORTGAGE INVESTORS
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(Name of Issuer)
DEPOSITORY UNITS OF LIMITED PARTNERSHIP INTEREST
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(Title of Class of Securities)
026862102
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(CUSIP Number)
JANUARY 5, 2004
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages
CUSIP No. 026862102 13G Page 2 of 4 Pages
________________________________________________________________________________
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Dennis J. O'Leary
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Citizenship or Place of Organization
United States
________________________________________________________________________________
5. Sole Voting Power
NUMBER OF 555,600
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 555,600
WITH: _________________________________________________________________
8. Shared Dispositive Power
________________________________________________________________________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person
555,600
________________________________________________________________________________
10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [_]
________________________________________________________________________________
11. Percent of Class Represented by Amount in Row (9)
5.6%
________________________________________________________________________________
12. Type of Reporting Person (See Instructions)
IN
________________________________________________________________________________
CUSIP No. 026862102 13G Page 3 of Pages 4
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 555,600
(b) Percent of class: 5.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 555,600
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 555,600
(iv) Shared power to dispose or to direct the disposition of 0
INSTRUCTION. For computations regarding securities which represent a right to
acquire an underlying security see ss.240.13d-3(d)(1).
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Item 5. Ownership of Five Percent or Less of a Class.
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Item 6. Ownership of More Than Five Percent On Behalf of Another Person.
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported On by the Parent Holding Company.
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Item 8. Identification and Classification of Members of the Group.
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Item 9. Notice of Dissolution of Group.
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Item 10. Certifications.
(a) The following certification shall be included if the statement is
filed pursuant to ss.240 13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
(b) The following certification shall be included if the statement is
filed pursuant to ss. 240 13d-1(c):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
CUSIP No. 026862102 13G Page 4 of 4 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 14, 2004
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Date
Dennis J. O'Leary
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Signature
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Name/Title
NOTE. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240 13d-7 for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).