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


                                  September 5, 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.
- ----------------------

The following press release was announced on September 5, 2000:

September  5,  2000;  Memphis,  TN.  Mid-America  Apartment   Communities,   Inc
(MAA:NYSE)  announced  today that it has executed a $25 million  six-year  swap,
effectively  reducing the amount of conventional  floating rate debt outstanding
to 9% of its total debt.

MAA swapped $25 million of its Fannie Mae  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 six  years  through a hedged  transaction.  AmSouth  Bank
executed the swap with Mid-America, bringing MAA's total short-term debt swapped
with AmSouth to $75 million.  Chatham Financial continued to serve as consultant
to Mid-America on its derivative transactions.



MAA is a self-administered,  self-managed  apartment-only real estate investment
trust which owns or has ownership  interest in 33,591 apartment units throughout
the  southeastern  and midwest U.S. and in Texas,  including  1,315 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:  September 5, 2000                              /s/ Simon R.C. Wadsworth
      -----------------                        ---------------------------------
                                                   Simon R.C. Wadsworth
                                                   Executive Vice President
                                                   (Principal Financial and
                                                    Accounting Officer)