The thermodynamic and retrieval properties of the Ashkin-Teller neural network model storing an infinite number of patterns are examined in the replica-symmetric mean-field approximation. In particular, for linked patterns temperature-capacity phase diagrams are derived for different values of the two-neuron and four-neuron coupling strengths. This model can be considered as a particular non-trivial generalisation of the Hopfield model and exhibits a number of interesting new features. Some aspects of replica-symmetry breaking are discussed.