Index First American Profile Financial Highlights Letter to Stockholders First American's Strength in Numbers Title Information and Services Real Estate Information and Services Consumer Information and Services Management's Discussion and Analysis Selected Financial Data Common Stock Prices and Dividends Quarterly Financial Data Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Stockholders' Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Report of Independent Accountants Officers Board of Directors Primary Companies Stockholder Information Back Cover

notes to consolidated financial statements

 NOTE 8

Investment and Other Income:

    The components of investment and other income are as follows:

(in thousands)	2001				2000		1999
Interest:
Cash equivalents and deposits
with savings and loan
associations and banks	$ 15,837		$ 14,319		$ 11,921
Debt securities	17,118		16,426		15,199
Other long-term investments	11,826		10,238		5,163
	44,781		40,983		32,283
Investment gain	8,814		6,300		5,160
Dividends on marketable
equity securities	1,504		671		630
Equity in earnings of
unconsolidated affiliates	25,013		1,589		3,553
Net (loss) gain on sales of debt
and equity securities	(47	)	(2,598	)	1,854
Other	7,672		9,782		8,493
	$ 87,737		$ 56,727		$ 51,973