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                                                                       EXHIBIT 2

CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference of our report dated June 1, 2001, included in this Annual Report of
the Atlantic American Corporation 401(k) Retirement Savings Plan on Form 11-K
for the year ended December 31, 2000, into the Plan's previously filed
Registration Statement No. 333-89891.


/s/ Arthur Andersen LLP


Atlanta, Georgia
June 25, 2001