March  20, 2002

Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549

Re:  Annual  Report  on Form  10-K  for the year  ended  December  31,  2001 for
     American Insured Mortgage Investors


Ladies and Gentlemen:

Consistent with the  Commission's  release of March 18, 2002,  please be advised
that the  Partnership  has  obtained a letter  from  Arthur  Andersen  LLP,  the
Partnership's  independent public accountants,  dated March 20, 2002, containing
the   following   representations   regarding   the  audits   performed  on  the
Partnership's  balance  sheets as of December  31, 2001 and 2000 and the related
statements of income and comprehensive  income,  changes in partners' equity and
cash flows for the years ended December 31, 2001, 2000 and 1999:



o    the audits were subject to Arthur Andersen's quality control system for the
     U.S. accounting and auditing practice to provide reasonable  assurance that
     the engagement was conducted in compliance with professional standards;
o    there was appropriate  continuity of Arthur Andersen  personnel  working on
     the audits; and
o    there was appropriate availability of national office consultation.

Representation  relating to the availability of personnel at foreign  affiliates
of Arthur Andersen was not relevant to these audits.

                                                     AMERICAN INSURED MORTGAGE
                                                     INVESTORS (Registrant)

                                                     By: CRIIMI, Inc.
                                                         General Partner


                                                     /s/ William B. Dockser
                                                     ---------------------------
                                                     William B. Dockser
                                                     Chairman of the Board