X0202 4 2004-10-25 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 2004-05-19 5 J 0 E 449 29.557 A 0 D Common Stock 2004-05-10 5 G 0 E 5 0.00 D 8329671 I Indirect #1 Common Stock 2004-05-21 5 G 0 E 25 0.00 D 8330995 I Indirect #1 Common Stock 2004-10-25 4 P 0 35000 28.0377 A 8365995 I Indirect #1 Common Stock 2004-10-25 4 P 0 38874 26.785 A 8403969 I Indirect #1 Common Stock 2004-10-25 4 P 0 1623 26.785 A 349401 I Indirect #2 Common Stock 2004-10-25 4 P 0 5740 26.785 A 1235796 I Indirect #3 Common Stock 0 I Indirect #5 Common Stock 0 I Indirect #6 Common Stock 2004-10-25 4 P 0 6165 26.785 A 1327270 I Indirect #7 Distribution from the reporting person's retirement account. On 4/6/2004 Indirect #3 transferred 174,195 to Indirect #2. On 4/29/2004, Indirect #5 transferred 164,128 shares to Indirect #1 and Indirect #5 transferred 373,651 to Indirect #6. On 5/3/2004, Indirect #2 transferred 1,321,105 shares to Indirect #7. On 5/4/2004, Indirect #2 transferred 3,906,865 to Indirect #1 and Indirect #6 transferred 373,651 shares to Indirect #1. On 6/14/2004, the Reporting Person transferred 449 shares to Indirect #1. On 7/9/2004, Indirect #3 transferred 170,949 to Indirect #2. On 10/4/2004, Indirect #3 transferred 176,829 to Indirect #2. Indirect #1: By Carl H. Lindner Jr., et al, Trustees for the Carl H. Lindner Amended and Restated Family Trust dated 12/23/83. These shares were purchased through the Company Dividend Reinvestment Plan. 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 Fund, LLC, a limited liability company directly or indirectly wholly-owned by the Reporting Person. Indirect #6: New Energy Indirect #7: EBL, Trustee of the Edyth B. Lindner Family Trust dtd 4/13/04. Carl H. Lindner By: Karl J. Grafe, as Attorney-in-Fact 2004-10-26