Schedule 14A Information
   Proxy Statement Pursuant to Section 14(a) of the Securities
                      Exchange Act of 1934

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           AMERICAN RESIDENTIAL INVESTMENT TRUST, INC.
..................................................................
     (Name of Registrant as Specified In Its Charter)


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                                (INV LETTERHEAD)


        AMERICAN RESIDENTIAL INVESTMENT TRUST, INC HOLDS ANNUAL MEETING


San Diego, Ca,  July 19, 2002--American Residential Investment Trust, Inc.
(NYSE: INV) held its annual meeting of stockholders today.  In order to allow
stockholders additional time to cast votes on the proposals to terminate
American Residential's status as a REIT, the meeting was adjourned with respect
to the consideration of these proposals. Although American Residential
understands that over eighty-five percent of the shares voted at the meeting
voted in favor of the de-REIT proposals, approval of one of these proposals
requires the affirmative vote of two-thirds of American Residential's
outstanding shares and the vote cast at the meeting was just shy of this level.
The meeting will reconvene with respect to these proposals at American
Residential's offices, located at 10421 Wateridge Circle, Suite 250,
San Diego, California, on August 2, 2002 at 10:00 a.m. Pacific Daylight Time.

    A preliminary tabulation indicates that stockholders voted to elect Keith
Johnson and Richard T. Pratt to serve as Class II directors, approved an
amendment to the 1997 Stock Option Plan, approved an amendment to the 1997
Outside Directors Stock Option Plan and voted against two stockholder proposals.

    The final results of the vote on all proposals will be announced when they
have been certified by the independent inspector of election.

About American Mortgage Network

    Headquartered in San Diego, California, American Mortgage Network is a
taxable REIT subsidiary of American Investment Trust, Inc., a real estate
investment trust (REIT). AmNet originates loans for the national mortgage broker
community through its network of regional centers and over the Internet. AmNet
has regional centers in Ontario, California; Sacramento, California; San Diego,
California; New Haven, Connecticut: Atlanta, Georgia; and Portland, Oregon as
well as satellite offices in Mission Viejo, California; Tampa, Florida; and
Kirkland, Washington. For more information, please visit www.amnetmortgage.com

About American Residential Investment Trust

    American Residential Investment Trust, Inc. is a real estate investment
trust (REIT) that has traditionally invested in subprime
residential mortgage assets. For more information, please
visit  www.amerreit.com.
       ----------------


INVESTOR  AND  ANALYST                                MEDIA RELATIONS
RELATIONS  CONTACTS                                      CONTACT

Judith Berry                                           Corinne Forti
Chief Financial Officer and                            President
    Executive Vice President                           Forti Communications Inc
American Residential Investment Trust, Inc             (858)  498-0113
(858) 909-1230                                         forticomm@aol.com
jberry@amnetmortgage.com

Clay Strittmatter
Senior Vice President, Finance
American Residential Investment Trust, Inc
(858) 909-1340