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, 2001, 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.

                                                         AIMCO INVESTMENT AND
                                                         MANAGEMENT COMPANY

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