CRI INSURED &lt;CII> TO SET SPECIAL DISTRIBUTION

  CRI Insured Mortgage Investments
  Inc said its advisor will recommend a special distribution of
  50 cts per share due to the sale of a federally insured first
  mortgage on Park Meadows I in Madison, Wis., for 4,267,871
  dlrs.
      It said it received a 3,695,465 dlr return of capital and
  572,406 dlrs in income on the sale, and the 50 ct distribution
  would represent a 43.294 ct return of principal and a 6.706 ct
  capital gain and would be payable June 30 to holders of record
  May 31.
  

