UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                              Commission File Number:  1-11059
                                                                       -------

              American Insured Mortgage Investors - Series 85, L.P.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


             11200 Rockville Pike Rockville, MD 20852 (301) 255-4743
             -------------------------------------------------------
       (Address, including zip code, and telephone number, including area
               code, of registrant's principal executive offices)

                Depositary Units of Limited Partnership Interest
                ------------------------------------------------
            (Title of each class of securities covered by this Form)

                                      None
                                      ----
       (Titles of all other classes of securities for which a duty to file
                 reports under section 13(a) or 15(d) remains)

Please  place  an X in  the  box(es)  to  designate  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

             Rule 12g-4(a)(1)(i)       X        Rule 12h-3(b)(1)(i)        X
             Rule 12g-4(a)(1)(ii)               Rule 12h-3(b)(1)(ii)
             Rule 12g-4(a)(2)(i)                Rule 12h-3(b)(2)(i)
             Rule 12g-4(a)(2)(ii)               Rule 12h-3(b)(2)(ii)
                                                Rule 15d-6

Approximate  number of holders of record as of the  certification or notice
date: 0. The General  Partner of the  Registrant has filed with the Secretary of
State of the State of California, a Certificate of Dissolution of the Registrant
effective  as of  July  26,  2005  and a  Certificate  of  Cancellation  of  the
Registrant effective as of August 11, 2005.

Pursuant  to  the  requirements  of the  Securities  Exchange  Act of  1934
American  Insured  Mortgage   Investors  -  Series  85,  L.P.  has  caused  this
certification/notice  to be  signed  on  its  behalf  by  the  undersigned  duly
authorized person.

Date:  August 11, 2005               By:    American Insured Mortgage 
                                            Investors - Series 85, L.P.
                                            CRIIMI, Inc., its General Partner



                                    By:     /s/Mark A. Libera
                                            ------------------------------------
                                            Mark A. Libera
                                            Vice President and General Counsel


Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. The
registrant shall file with the Commission three copies of Form 15, one of which
shall be manually signed. It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.