GREAT AMERICAN INVESTMENT NETWORK INC
10-Q/A, 1996-10-15
LIFE INSURANCE
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August 12, 1996

Securities and Exchange Commission
450 Fifth Street, NW. 
Washington, D.C.  20549

Re:  American Investment Network, Inc. 
       (formerly Great American Investment Network, Inc.) - Form 10-QSB

Gentlemen:

Please accept for filing the Form 10-QSB of the above referenced registrant for
the period June 30, 1996.

Enclosed are eight copies; one copy with manual signatures and seven copies with
printed signatures.

Sincerely, 



H. Harold Crumpler
Vice President/Treasurer

HHC:ll

Enclosures (8)







FORM 10-QSB

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549


QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934


For The Quarterly Period Ended:			June 30, 1996		

Commission File Number:				0-21572			

AMERICAN INVESTMENT NETWORK, INC.
(formerly Great American Investment Network, Inc.
(Exact name of registrant as specified in its charter)

	Mississippi							74-2447294		
(State or other jurisdiction of incorporation				(I.R.S. Employer
or organization)							Identification No.)

   660 Lakeland East Drive, Flowood, Mississippi			39208			
(Address of principal executive offices)				(Zip Code)

   (601) 936-2090						
Registrant's telephone number, including area code

		NOT APPLICABLE								
Former name, former address and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports) and (2) has been subject to such filing 
requirements for the past 90 days.

Yes  X	   No   	

As of June 30, 1996, there were outstanding 5,021,764 shares of registrant's
Class A common stock, no par value per share and 2,500 shares of Class B common
stock, par value $1 per share.


AMERICAN INVESTMENT NETWORK, INC.

FORM 10-QSB


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.



			AMERICAN INVESTMENT NETWORK, INC.
			(Registrant)


	June 30, 1996		/s/ H. Harold Crumpler		
				H. Harold Crumpler, Executive Vice President/Treasurer


































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.



			AMERICAN INVESTMENT NETWORK, INC.
			(Registrant)


				   		
	Date			H. Harold Crumpler, Executive Vice President/Treasurer





























8/12/96- 4 -- 1 -- 11 -	- 11 -



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<FISCAL-YEAR-END>                          DEC-31-1995
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