X0201 4 2004-02-05 0 0001042046 AMERICAN FINANCIAL GROUP INC AFG 0000943521 LINDNER CARL H ONE EAST FOURTH STREET CINCINNATI OH 45202 1 1 1 0 Chairman of the Board Common Stock 2003-02-05 4 M 0 26851.0000 A 3885048.0000 I Indirect #1 Common Stock 5053775.0000 I Indirect #2 Common Stock 1752029.0000 I Indirect #3 Common Stock 537779.0000 I Indirect #5 Deferred Compensation Obligation 2004-02-05 4 M 0 26581.0000 D 2004-02-05 Common Stock 265851.0000 25622.1440 I #1 Represents a distribution by the Reporting Person from the Issuer's Deferred Compensation Plan. The account value increases or decreases based on the value of the Issuer's common stock. Upon termination of employment or earlier, if so elected, the Reporting Person's account balance may be distributed, at the option of the Issuer, either in cash or in shares of the Issuer's common stock. Indirect #1: By Carl H. Lindner Jr., et al, Trustees for the Carl H. Lindner Amended and Restated Family Trust dated 12/23/83. On 1/4/2004, Indirect #3 transferred 195,132 shares of common stock to Indirect #2. Indirect #2: By Edyth B. Lindner, Spouse. Indirect #3: By Lou Ann Flint, Trustee of the Edyth B. Lindner 2002-2 Qualified Annuity Trust U/A dated 8/19/02. Indirect #5: Indiana Premier Fun, LLC, a limited liability company directly or indirectly wholly-owned by the Reporting Person. Carl H. Lindner By: Karl J. Grafe, as Attorney-in-Fact 2004-02-09