CRI INSURED II <CII> ESTIMATES DIVIDENDS
CRI Insured Mortgage Investments
II Inc said it expects to distribute about 1.55 to 1.65 dlrs
per share from operations for all of 1987 and about 1.68 to
1.75 dlrs including the proceeds of the gain from the sale of
the Brighton Meadows mortgage through January 31.
    The company today paid a dividend of 1.1646 dlrs per share.
 Its first two quarterly payments, in September and December,
were 42.5 cts each.
    CRI said it has not yet declared a distribution on the Park
Meadows loan disposition.
 Reuter
