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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 j67vllJ615FFdZHQe93Oug==

<SEC-DOCUMENT>0001116679-03-001579.txt : 20030619
<SEC-HEADER>0001116679-03-001579.hdr.sgml : 20030619
<ACCEPTANCE-DATETIME>20030619114847
ACCESSION NUMBER:		0001116679-03-001579
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030411
FILED AS OF DATE:		20030619

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHLACTER MARK
		CENTRAL INDEX KEY:			0001221773

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14583
		FILM NUMBER:		03749783

	MAIL ADDRESS:	
		STREET 1:		C/O CHARTAR MUNICIPAL MORTGAGE
		STREET 2:		625 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN MORTGAGE ACCEPTANCE CO
		CENTRAL INDEX KEY:			0000878774
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				136972380
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		625 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124215333

	MAIL ADDRESS:	
		STREET 1:		625 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN MORTGAGE INVESTORS TRUST
		DATE OF NAME CHANGE:	19931013
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-04-11</periodOfReport>
    <issuer>
        <issuerCik>0000878774</issuerCik>
        <issuerName>AMERICAN MORTGAGE ACCEPTANCE CO</issuerName>
        <issuerTradingSymbol>AMC</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001221773</rptOwnerCik>
            <rptOwnerName>SCHLACTER MARK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice President</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>15.03</value></conversionOrExercisePrice><transactionDate><value>2003-04-11</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>5000</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-04-11</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>2013-04-11</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyi
ngSecurityTitle><underlyingSecurityShares><value>5000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">On April 11, 2003, the reporting person received 5,000 stock options with a strike price of $15.03 from the Issuer pursuant to the Issuer's stock option plan.  The options vest in three equal annual installments beginning on April 11, 2004.</footnote></footnotes><ownerSignature><signatureName>Mark Schlacter</signatureName><signatureDate>2003-04-17</signatureDate></ownerSignature></ownershipDocument>

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