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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 oEH/47aH2chZIyVcS6Rvuw==

<SEC-DOCUMENT>0000950134-02-014846.txt : 20021121
<SEC-HEADER>0000950134-02-014846.hdr.sgml : 20021121
<ACCEPTANCE-DATETIME>20021121152710
ACCESSION NUMBER:		0000950134-02-014846
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20021111
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20021121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15663
		FILM NUMBER:		02836087

	BUSINESS ADDRESS:	
		STREET 1:		10670 NORTH CENTRAL EXPRESSWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
		BUSINESS PHONE:		2147404700

	MAIL ADDRESS:	
		STREET 1:		10670 NORTH CENTRAL EXPRESSWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d01428e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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


       Date of Report (Date of earliest event reported): November 11, 2002

                         AMERICAN REALTY INVESTORS, INC.
               (Exact name of registrant as specified in charter)

           Nevada                       1-15663               75-2847135
(State of other jurisdiction    (Commission file number)    (IRS employer
     of incorporation)                                    identification no.)


1800 Valley View Lane
Suite 300
Dallas, Texas                                                    75234
(Address of principal executive offices)                       (Zip Code)

       Registrant's telephone number, including area code: (469) 522-4200


          (Former name or former address; if changed since last report)


<PAGE>


ITEM 5. OTHER EVENTS.

         Ms. Collene Currie resigned as a member of the board of directors of
American Realty Investors, Inc. (the "Company") on November 11, 2002. Ms. Currie
did not provide any reason for her resignation and did not advise of any
disagreement with any policies or practices or operations of the Company, nor
did she furnish the Company with any letter describing any disagreement or
request the matter be disclosed.

                                   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 REALTY INVESTORS, INC.



                                          By:  /s/ ROBERT A. WALDMAN
                                             -----------------------------------
                                               Robert A. Waldman
                                               Secretary

November 15, 2002

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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