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 Quarterly Report on Form 10-Q for the quarterly
period ended June 30, 2002, 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