SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549




                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 Date of Report: (Date of Earliest Event Reported): June 7, 2002 (May 28, 2002)





                       AMERICAN INSURED MORTGAGE INVESTORS
             (Exact name of registrant as specified in its charter)

        California                     1-11060                  13-3180848
(State or other jurisdiction         (Commission             (I.R.S. Employer
     of incorporation)               File Number)           Identification No.)






                              11200 Rockville Pike
                            Rockville, Maryland 20852
   (Address of principal executive offices, including zip code, of Registrant)

                                 (301) 816-2300
              (Registrant's telephone number, including area code)


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 Item 4.  Changes in Registrant's Certifying Accountant
 ------------------------------------------------------

     On June 5, 2002, CRIIMI, Inc., a wholly owned subsidiary of CRIIMI MAE Inc.
and the  general  partner  ("General  Partner")  of  American  Insured  Mortgage
Investors (the  "Partnership")  selected Ernst & Young LLP as the  Partnership's
independent  auditors for the  Partnership's  financial  statements for the year
ending on December 31, 2002.  Ernst & Young LLP will commence its  engagement as
the  Partnership's  independent  auditors  with the review of the  Partnership's
financial statements for the second quarter of 2002.

     During  the  years  ended  December  31,  2001 and 2000 and the  subsequent
interim period through the date of this Form 8-K, neither the  Partnership,  the
General  Partner,  nor  anyone on its  behalf  consulted  Ernst & Young LLP with
respect to the application of accounting principles to a specified  transaction,
either  completed  or  proposed;  or the type of  audit  opinion  that  might be
rendered on the  Partnership's  financial  statements,  or any other  matters or
reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K.

     The General Partner  reported the selection of Ernst & Young LLP in a press
release dated June 5, 2002, which is incorporated by reference herein.


Item 5.  Other Events.
----------------------

     Attached  as an  exhibit  to this  Current  Report  on Form  8-K is a press
release issued by the General Partner on June 5, 2002 announcing the resignation
of Alan M. Jacobs from the Board of Directors of the General Partner.  The above
referenced press release is incorporated by reference herein.


Item 7.  Financial Statements and Exhibits.
-------------------------------------------

(c)  Exhibits. The following exhibit is filed with this report:

Exhibit 99 - Press Release dated June 5, 2002.



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SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                                     AMERICAN INSURED MORTGAGE
                                                     INVESTORS

                                                     By:  CRIIMI, Inc.
                                                          General Partner


Dated: June 7, 2002                                  By:   /s/William B. Dockser
                                                           ---------------------
                                                           William B. Dockser
                                                           Chairman of the Board





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                                  EXHIBIT INDEX

Exhibit
No.                               Description
--------------------------------------------------------------------------------

*99  Press Release dated June 5, 2002


*Filed herewith.