March 31, 1997



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

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

Gentlemen:

Please accept for filing the Form 10KSB/A, Exhibit 27 of the above
referenced registrant for the period of December 31, 1996.

Sincerely,

s/H. Harold Crumpler

 
Executive Vice President/Treasurer

HHC:lp












                                 SECURITIES AND EXCHANGE COMMISSION
                                      WASHINGTON, D. C.  20549

                                             FORM 10-KSB

(X)     ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE
        ACT OF 1934 

For the fiscal year ended December 31, 1996


                                   Commission file number 0-21572
                                  AMERICAN INVESTMENT NETWORK, INC.
                         (formerly Great American Investment Network, Inc.)
                            Name of Small Business Issuer in Its Charter

Mississippi                                         74-2447294
(State or Other Jurisdiction                        (I.R.S. Employer
of Incorporation or Organization)                   Identification Number)

660 Lakeland East Drive, Flowood, Mississippi         39208
(Address of Principal Executive Offices)            (Zip Code)

(601)936-2090
(Issuer's telephone Number, Including Area Code)


Securities registered under Section 12 (b) of the Exchange Act: NONE

Securities registered under Section 12 (g) of the Exchange Act:

                                   CLASS "A" COMMON, NO PAR VALUE
                                          (Title of Class)

Check whether the issuer:  (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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       

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this Form 10-KSB, and no disclosure will be 
contained, to the best of Registrant's knowledge, in definitive proxy or 
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.

                                                  X   

The Registrant's revenues for its most recent fiscal year were $3,105,403.

The aggregate market value of the voting stock held by non-affiliates (computed
by reference to the average of the high and low sales prices for 1996 of $.50 
per share) as of March 1, 1997 was $2,512,132.

The number of shares outstanding of AIN's Class A and Class B Common Stock as of
March 1, 1997 was 5,025,490 and 2,500, respectively.  There were 3,276 shares of
treasury stock held as of March 1, 1997.  The total number of shares outstanding
as of March 1, 1997 was 5,024,264.


                                 DOCUMENTS INCORPORATED BY REFERENCE

Portions of AIN's Proxy Statement to be filed in connection with AIN's 1997 
Annual Meeting of Shareholders are incorporated by reference into Part III of 
this report.