UNITED STATES
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 6, 2004

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

(Exact name of registrant as specified in its charter)

MARYLAND	1-13232	84-1259577
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

4582 SOUTH ULSTER STREET PARKWAY SUITE 1100, DENVER, CO	80237
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (303) 757-8101

NOT APPLICABLE

(Former name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01. Other Events.

     On October 6, 2004, Apartment Investment and Management Company (“Aimco”) called for redemption 1.45 million shares (with a liquidation preference of $36.25 million) of the 8.75% Class D Cumulative Preferred Stock (“Class D”) (NYSE: AIVPrD; CUSIP 03748R-30-9). This redemption will be made on November 5, 2004 at $25 per share plus all accrued and unpaid dividends up to and including the redemption date of $0.1276. The redemption price is payable only in cash. The redemption is funded primarily with a portion of the proceeds of the previously announced public offering of 3.45 million shares of newly issued 8% Class V Cumulative Preferred Stock. After the November 5, 2004 redemption of a portion of the Class D, 1.25 million shares of the Class D will remain outstanding.

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 thereunto duly authorized.

Dated: October 11, 2004
	APARTMENT INVESTMENT AND MANAGEMENT COMPANY
	/s/ Paul J. McAuliffe
	Paul J. McAuliffe
	Executive Vice President and Chief Financial Officer