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                                                                    EXHIBIT 99.1

          Agreement Regarding Disclosure of Long-Term Debt Instruments

         In reliance upon Item 601(b)(4)(iii)(A), of Regulation S-K, Apartment
Investment and Management Company, a Maryland corporation (the "Company") has
not filed as an exhibit to its Annual Report on Form 10-K for the fiscal year
ended December 31, 2000, any instrument with respect to long-term debt not being
registered where the total amount of securities authorized thereunder does not
exceed 10 percent of the total assets of the Company and its subsidiaries on a
consolidated basis. Pursuant to Item 601(b)(4)(iii)(A), of Regulation S-K, the
Company hereby agrees to furnish a copy of any such agreement to the Securities
Exchange Commission upon request.



                                            APARTMENT INVESTMENT AND
                                            MANAGEMENT COMPANY



                                            By: /s/ PETER KOMPANIEZ
                                               ---------------------------------
                                               Peter Kompaniez
                                               President