CRI INSURED II &lt;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.
  

