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


                                  August 28, 2000
                Date of Report (Date of earliest event reported)


                     MID-AMERICA APARTMENT COMMUNITIES, INC.
               (Exact Name of Registrant as Specified in Charter)



        TENNESSEE                   1-12762                 62-1543819
        ---------                   -------                 ----------
(State of Incorporation)    (Commission File Number)    (I.R.S. Employer
                                                      Identification Number)




                          6584 POPLAR AVENUE, SUITE 340
                            MEMPHIS, TENNESSEE 38138
                    (Address of principal executive offices)



                                 (901) 682-6600
               Registrant's telephone number, including area code





             (Former name or address, if changed since last report)


Item 5.  Other events.
- ----------------------

Following  notification  of the New York Stock  Exchange,  the  following  press
release was announced on August 28, 2000:


MEMPHIS, TN. MID-AMERICA APARTMENT  COMMUNITIES  (NYSE:MAA) announced today that
it has fixed the rate on $65  million of debt and  executed a swap for a further
$25 million,  effectively reducing the amount of conventional floating rate debt
outstanding to 12% of its total debt.

In the first  transaction,  MAA fixed the rate of $65  million of its Fannie Mae
credit facility at 7.71% for 9 years.  Prudential Mortgage Capital is the Fannie
Mae DUS lender.

In the second  transaction,  MAC swapped $25 million of its  floating  rate debt
that is currently priced at 67 bp over 3 -month Libor.  This  effectively  locks
the  rate on this  debt at  7.45%  for the  next  five  years  through  a hedged
transaction.  AmSouth Bank executed the swap with  Mid-America,  bringing  MAA's
total variable-rate debt swapped with AmSouth to $50 million.

Simon Wadsworth, CFO, said "we are very gratified that we were able to fix these
interest  rates at more  favorable  pricing  than has existed for some time.  We
locked  the  rate on about  twice  as much  debt as we  originally  planned,  as
interest rates are more attractive than we anticipated. The transaction slightly
reduces our anticipated interest expense for the 4th quarter and next year while
simultaneously  reducing our exposure to future rate  increases.  Any additional
short term rate increases will now cost us just over 1 cent/share/year  for each
25 bp increase."

He added "we have one loan  maturity  in  mid-2001,  about 5% of our total  debt
outstanding,  and if  current  rates hold we will be able to  refinance  this at
significant savings over its present rate."

MAA is a self-administered,  self-managed  apartment-only real estate investment
trust which owns or has ownership  interest in 34,506 apartment units throughout
the  southeastern  and midwest  U.S.  and in Texas,  including  915 units in the
development  pipeline.  For  further  details,  please  refer to our  website at
www.maac.net or contact Simon R. C. Wadsworth at (901) 682-6668,  ext. 104. 6584
Poplar Ave., suite 340, Memphis, TN 38138.

Certain matters  discussed in this press release may constitute  forward-looking
statements  within the meaning of Section 27A of the  Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements include, but
are  not  limited  to,  statements  made  about   anticipated   acquisition  and
development of apartment units,  divesting and joint venture  transactions,  and
anticipated  opportunities  to improve  occupancy and rental rates for apartment
units.  Actual results and the timing of certain events could differ  materially
from those projected in or contemplated by the forward-looking statements due to
a number of factors,  including a downturn in general economic conditions or the
capital markets,  competitive factors, increases in interest rates and the other
general risks inherent in the apartment and real estate businesses. Reference is
hereby made to the filings of Mid-America Apartment  Communities,  Inc. with the
Securities and Exchange  Commission,  including  quarterly reports on Form 10-Q,
reports on Form 8-K and its annual report on Form 10-K,  particularly  including
the risk factors contained in the latter filing.







                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                         MID-AMERICA APARTMENT COMMUNITIES, INC.



Date:  August 28, 2000                              /s/ Simon R.C. Wadsworth
      -----------------                        ---------------------------------
                                                   Simon R.C. Wadsworth
                                                   Executive Vice President
                                                   (Principal Financial and
                                                    Accounting Officer)