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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000811437-04-000020.txt : 20040422
<SEC-HEADER>0000811437-04-000020.hdr.sgml : 20040422
<ACCEPTANCE-DATETIME>20040422092353
ACCESSION NUMBER:		0000811437-04-000020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040421
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040422

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:		04746907

	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_dist04-8k.txt
<DESCRIPTION>AIM85 DIST 0404 8K
<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):
                         April 22, 2004 (April 21, 2004)


              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 April 21, 2004 announcing the
April 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 April 21, 2004.


                                   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: April 22, 2004                               By:/s/ Mark A. Libera
                                                    -------------------------
                                                       Mark A. Libera
                                                       Vice President
                                                       Senior Corporate Counsel

<PAGE>3


                                  EXHIBIT INDEX

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

*    99.1 Press Release dated April 21, 2004.

*    Filed herewith.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.I
<SEQUENCE>3
<FILENAME>aim85_8k-0404.txt
<DESCRIPTION>AIM85 DIST 0404
<TEXT>


Contact: Susan B. Railey                                 EXHIBIT 99.1
         (301) 468-3120
         Sharon Bramell                     FOR IMMEDIATE RELEASE
         (301) 231-0351


                      AIM 85 DECLARES MONTHLY DISTRIBUTION
                         FOR APRIL OF TWO CENTS PER UNIT


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


     ROCKVILLE, MD, April 21, 2004 -- (AMEX/AII) The general partner of American
Insured Mortgage Investors - Series 85, L.P. (AIM 85) today declared the monthly
distribution  for April  2004 in the amount of two cents per unit  regular  cash
flow.  Holders of record on April 30, 2004 will  receive  this amount as part of
the second quarter distribution which will be paid on August 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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