FIRST AMERICAN &lt;FIAMA> SEES GAIN FROM SALE

  First American Bank and
  Trust Co said its 88 pct owned Associated Mortgage Investors
  &lt;AMIMS> subsidiary has sold its New England operations for
  about 2,100,000 dlrs in cash and 1,300,000 dlrs in stock,
  resulting in a first quarter gain for First American of about
  1,200,000 dlrs after tax.
      The company said the sale will complete Associated's
  withdrawal from the general contracting business.
  

