X0202 4 2005-03-29 0 0001042046 AMERICAN FINANCIAL GROUP INC AFG 0000942082 LINDNER CARL H III ONE EAST FOURTH STREET CINCINNATI OH 45202 1 1 0 0 Co-President Common Stock 0 D Common Stock 2005-02-22 5 G 0 E 23887 0.00 D 3802109 I #1 Common Stock 2005-03-17 5 G 0 E 6473 0.00 D 3795636 I #1 Common Stock 2005-03-29 4 M 0 267210 24.0628 A 4062846 I #1 Common Stock 2005-03-29 4 F 0 209576 30.68 D 3853270 I #1 Common Stock 19826 I #2 Common Stock 1924 I #4 Common Stock 509873 I #5 Common Stock 81219 I #6 Common Stock 20576 I #8 Common Stock 21289 I #9 Common Stock 713 I #10 Common Stock 287648 I #11 Common Stock 1000000 I #12 Common Stock 21299 I #13 Common Stock 1584 I #14 Common Stock 10 I #15 Common Stock 21289 I #16 Common Stock 713 I #17 Stock Option 24.0628 2005-03-29 4 M 0 267210 D 2005-04-10 Common Stock 267210 0 D The Reporting Person transferred 713 shares of AFG common stock to Indirect #1. Indirect #1: By Carl H. Lindner III, For the Second Amended & Restated Carl H. Lindner III Family Trust Dated 3/11/94. Indirect #2: By Martha S. Lindner (Spouse), Trustee For the Second Amended and Restated Marth S. Lindner Family Trust dated 3/11/94. Indirect #4: Allocated to the Reporting Person's account in the Issuer's Retirement and Savings Plan (401(k) Plan"), based on a 401(k) Plan statement dated as of 12/31/04. Indirect #5: By Keith E. Lindner, Trustee under an Irrevocable Trust Indenture with Carl H. Lindner III dated 11/1/82. Indirect #6: By Keith E. Lindner, Trustee under an Irrevocable Trust Indenture with Carl H. Lindner III dated 7/1/83. Indirect #8: By Keith E. Lindner, Trustee under an Irreovocable Trust Indenture with Carl H. Lindner III and Martha S. Lindner dated 10/23/84. Indirect #12: CHL Investments, LLC, a limited liability company directly or indirectly wholly-owned by the Reporting Person. Indirect #10: By Keith E. Lindner, Trustee under an irrevocable Trust Indenture with Carl H. Lindner III and Martha S. Lindner dated 9/26/89. Indirect #14: Carl H. Lindner III, custodian of a minor. Indirect #13: Daughter of Reporting Person Indirect #15: Son of Reporting Person. Indirect #16: Son of Reporting Person. Indirect #17: Spouse of Reporting Person. These Employee Stock Options ("Options") become exercisable as to 20% of the shares initially granted on the first anniversary of the date of grant, with an additional 20% becoming exercisable on each subsequent anniversary. The Options were granted under the Issuer's Stock Option Plan pursuant to Rule 16b-3. Initial date of grant was 2/12/92. The Reporting Person exercised this option using previously held shares of the issuer. Carl H. Lindner III By: James C. Kennedy, as Attorney-in-Fact 2005-03-30