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<SEC-DOCUMENT>0000753281-03-000031.txt : 20031023
<SEC-HEADER>0000753281-03-000031.hdr.sgml : 20031023
<ACCEPTANCE-DATETIME>20031023153429
ACCESSION NUMBER:		0000753281-03-000031
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031022
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031023

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN INSURED MORTGAGE INVESTORS SERIES 85 L P
		CENTRAL INDEX KEY:			0000753281
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTORS, NEC [6799]
		IRS NUMBER:				133257662
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11059
		FILM NUMBER:		03954079

	BUSINESS ADDRESS:	
		STREET 1:		11200 ROCKVILLE PIKE
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20852
		BUSINESS PHONE:		3014689200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTEGRATED RESOURCES AMERICAN INSURED MTG INVTS SERIES 85
		DATE OF NAME CHANGE:	19911203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN INSURED MORTGAGE INVESTORS SERIES 85
		DATE OF NAME CHANGE:	19900404

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTEGRATED RESOURCES AMERICAN INS MORTGAGE INVTS SERIES 85
		DATE OF NAME CHANGE:	19890917
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>aim85_8k-dist1003.txt
<DESCRIPTION>OCT DIST AIM85 8-K
<TEXT>
                       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):
                    October 23, 2003 (October 22, 2003)


              AMERICAN INSURED MORTGAGE INVESTORS - SERIES 85, L.P.
             (Exact name of registrant as specified in its charter)

        California                      1-11059                  13-3257662
(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)


<PAGE>2


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 October 22, 2003 announcing the October
distribution  to the  Partnership's  unitholders.  The  above  referenced  press
release is incorporated by reference herein.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c)  Exhibits. The following exhibits are filed with this report:

     Exhibit 99.1 - Press Release dated October 22, 2003


<PAGE>3

SIGNATURE

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


                                                    AMERICAN INSURED MORTGAGE
                                                    INVESTORS - SERIES 85, L.P.

                                                    By: CRIIMI, Inc.
                                                        General Partner


Dated: October 23, 2003                             By:/s/ Mark A. Libera
                                                       -------------------------
                                                       Mark A. Libera
                                                       Vice President
                                                       Senior Corporate Counsel

<PAGE>4


                                  EXHIBIT INDEX

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

*    99.1 Press Release dated October 22, 2003

*    Filed herewith.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>aim85_pr1003.txt
<DESCRIPTION>AIM 85 PRESS RELEASE 10/03
<TEXT>
Contact: Susan B. Railey
         (301) 468-3120
         Sharon Bramell                     FOR IMMEDIATE RELEASE
         (301) 231-0351


                     AIM 85 DECLARES MONTHLY DISTRIBUTION
                      FOR OCTOBER OF THREE CENTS PER UNIT


                          ---------------------------


     ROCKVILLE,  MD,  October 22,  2003 --  (AMEX/AII)  The  general  partner of
American  Insured  Mortgage  Investors - Series 85, L.P. (AIM 85) today declared
the monthly  distribution for October 2003 in the amount of three cents per unit
regular  cash flow.  Holders of record on October  31,  2003 will  receive  this
amount as part of the fourth quarter distribution which will be paid on February
2, 2004.

     Record dates for the AIM 85  distributions  occur at the end of each month.
Distributions  are paid  approximately  one month after the end of each calendar
quarter and include the three amounts declared during the quarter.


                                   # # #


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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