FORM 5

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utilities
Holding Company Act of 1935 or Section 30(H) of the Investment Company Act of 1940

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  or Form 5 obligations may
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1. Name and Address of Reporting Person *

2. Issuer Name and Ticker or Trading Symbol

6. Relationship of Reporting Person(s) to Issuer

The Administrative Plan Committee of The
American financial Group, Inc. Retirement and
Savings Plan

AMERICAN FINANCIAL GROUP, INC. (AFG)

          (Check all applicable)

__ __ Director            _ X__ 10% Owner

   (Last)                      (First)                  (Middle)

3.   IRS or Social Security

4.   Statement for

__ __ Officer (give

____ Other (Specify

One East Fourth Street

  Number of Reporting
  Person (Voluntary)

  Month/Year

December 31, 2002

Title below

     

                                   (Street)

5.   If Amendment,
  Date of Original

7.   Individual or Joint/Group Reporting
     (Check Applicable Line)

Cincinnati              OH          45202

   (month/Year)

   _X_  Form filed by One Reporting Person
   ___  Form filed by More than One
         than Reporting Person

      (City)                  (State)                   (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned

     (Instr. 3)

2.   Trans-
  action Date
  (Month/
  Day/Year)

2.A. Deemed
  Execution
  Date, if any
  Month/Day/
  Year)

3. Trans-
  action
  Code
   (Instr.
  8)

4.   Securities Acquired (A)
  or Disposed of (D)
   (Instr. 3,4 and 5)

5.   Amount of
  Securities
  Beneficially
  Owned at
  the end of

6.  Owner-
  ship
  Form:
  Direct
   (D) or

7.  Nature
  of InDirect
  Bene ficial
  Owner-
  ship

Amount

(A) or
(D)

Price

  Issuer's Fiscal
  Year
  (Instr. 3 and 4)

  Indirect
   (I)
   (Instr. 4)

   (Instr. 4)

Common Stock

-0-(a)

D

Table II - Derivative Securities Aquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.Title of Derivative
 Security  (Instr. 3)

2. Conver-
 or Exercise
 Price of
 Derivative
 Security

3.  Trans-
 action
 Date
 if any

3A.
 Deemed
 Execution
 Date
 if any

4.
 Trans-
 action
 Code

5.Number of Deriv-
ative Securities
Acquired (A) or
Disposed of (D)

6.   Date Exer-
cisable and
Expiration
Date
(Month/Day/Year)

7.  Title and Amount of
Underlying Securities
(Instr. 3 and 4)

8. Price
of
Deriv-
ative

9.   Number
  of deriv-
  ative
  Securities
  Bene-

10.  Owner-
  ship
  Form
  of
  Deriva-

11. Nature
  of In-
  direct
  Bene-
  ficial

 (Month/
 Day/
 Year)

 (Month/
 Day/
 Year)

 (Instr.
8)

(Instr. 3, 4 and 5)

Amount
or

Secur
- -ity

  ficially
  Owned
  at End

  tive
  Security
  Direct or

  Owner-
  ship

(A)

(D)

Date
Exer-
cisable

Expir-
ation
Date

Title

Number of
Shares

(Instr.
  5)

  of
  Month
   (Instr. 4)

  Indirect
   (I)
   (Instr 4)

   (Instr.
  4)

The Adminstrative Plan Committee of
The American Financial Group, Inc.
Retirement and Savings Plan

**  Intentional mistatements or omissions of facts constitute Federal Criminal Violations.

By: ___Thomas E. Mischell_______________     February _6, 2003

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

** Signature of Reporting Person                 Date

     Thomas E. Mischell, Committee Member

         If space provided is insufficient, see instruction 6 for procedure.