Edgar Filing: LINDNER S CRAIG

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

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3235-0362

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1. Name and Address of Reporting Person ^*

LINDNER S CRAIG

2. Issuer Name and Ticker or Trading Symbol
AMERICAN FINANCIAL GROUP INC [AFG]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Co-CEO & Co-President

(Last)

(First)

(Middle)

ONE EAST FOURTH STREET

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007

(Street)

CINCINNATI,Â OHÂ 45202

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(check applicable line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

(City)

(State)

(Zip)

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

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	Â	Â	Â	Â	Â	Â	0 ⁽¹⁾	D	Â
Common Stock	04/24/2007	Â	G	681	D	$ 0	3,666,498 ⁽¹⁾	I	#1 ⁽²⁾
Common Stock	05/07/2007	Â	G	75,000	D	$ 0	3,591,498	I	#1 ⁽²⁾
Common Stock	05/30/2007	Â	G	3,200	D	$ 0	3,588,298	I	#1 ⁽²⁾
Common Stock	09/06/2007	Â	G	1,525	D	$ 0	3,723,975 ⁽³⁾ ⁽⁴⁾	I	#1 ⁽²⁾
Common Stock	11/29/2007	Â	G	3,450	D	$ 0	3,884,599 ⁽³⁾	I	#1 ⁽²⁾
Common Stock	12/14/2007	Â	G	2,620	D	$ 0	3,881,979	I	#1 ⁽²⁾
Common Stock	12/21/2007	Â	G	23,120	D	$ 0	3,858,859	I	#1 ⁽²⁾
Common Stock	Â	Â	Â	Â	Â	Â	77,594	I	#3 ⁽⁵⁾
Common Stock	Â	Â	Â	Â	Â	Â	25,898 ⁽¹⁾	I	#5 ⁽⁶⁾
Common Stock	Â	Â	Â	Â	Â	Â	25,898 ⁽¹⁾	I	#6 ⁽⁷⁾
Common Stock	Â	Â	Â	Â	Â	Â	0 ⁽⁸⁾	I	#7 ⁽⁹⁾
Common Stock	Â	Â	Â	Â	Â	Â	145,321	I	#8 ⁽¹⁰⁾
Common Stock	Â	Â	Â	Â	Â	Â	1,020,043	I	#9 ⁽¹¹⁾
Common Stock	Â	Â	Â	Â	Â	Â	1,485,000	I	#10 ⁽¹²⁾
Common Stock	Â	Â	Â	Â	Â	Â	35,706	I	#12 ⁽¹³⁾
Common Stock	Â	Â	Â	Â	Â	Â	1,743,000 ⁽¹⁾ ⁽³⁾ ⁽⁴⁾	I	#13 ⁽¹⁴⁾
Common Stock	Â	Â	Â	Â	Â	Â	63,604	I	#14 ⁽¹⁵⁾
Common Stock	Â	Â	Â	Â	Â	Â	63,604	I	#15 ⁽¹⁶⁾
Common Stock	Â	Â	Â	Â	Â	Â	63,604	I	#16 ⁽¹⁷⁾
Common Stock	Â	Â	Â	Â	Â	Â	25,898 ⁽¹⁾ ⁽⁸⁾	I	#17 ⁽¹⁸⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

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

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

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

6. Date Exercisable and Expiration Date
(Month/Day/Year)

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

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LINDNER S CRAIG ONE EAST FOURTH STREET CINCINNATI,Â OHÂ 45202	Â X	Â	Â Co-CEO & Co-President	Â

Signatures

S. Craig Lindner By: Karl J. Grafe, as Attorney-in-Fact		02/05/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On 3/19/2007, the Reporting Person transferred 57,297 shares of common stock to Indirect #1. On 3/30/2007, Indirect #13 transferred 137,133 shares of common stock to Indirect #1. On 4/24/2007, Indirect #1 transferred 681 shares of common stock each to Indirect #5, #6, #17, and 681 shares to an emancipated son.
(2)	Indirect #1: SCL TTEE of the SCL Living Trust DTD 30/30/83
(3)	On 7/3/2007, Indirect #13 transferred 137,202 shares of common stock to Indirect #1.
(4)	On 10/3/2007, Indirect #13 transferred 164,074 shares of common stock to Indirect #1.
(5)	Indirect #3: By Frances R. Lindner, Trustee for the Frances R. Lindner living Trust dated 9/13/93.
(6)	Indirect #5: Corinne E. Lindner, TTEE CEL 2002 Living Trust dtd 11/4/02.
(7)	Indirect #6: FRL, Cust. Christine Frances Lindner Under OH Tsfr to Min Act.
(8)	On 12/13/2007 Indirect #7 transferred 24,559 shares of common stock to Indirect #17.
(9)	Indirect #7: FRL Cust. Clara Ann Lindner Under OH Tsfr to Min. Act.
(10)	Indirect #8: KEL TTEE Under Irr. Trust Agr. with Frances R. Lindner Grantor DTD 2/13/85.
(11)	Indirect #9: KEL, TTEE Under an Irrev. Trust Ind. with SCL DTD 12/22/83.
(12)	Indirect #10: SCL Investments, LLC
(13)	Indirect #12: The Company's Retirement and Savings Plans. The number of shares of Common stock which would be represented by the value of the Reporting Person's Company Securities Funds account in the Issuer's Retirement and Savings Plan is based on a statement dated as of 12/31/2007.
(14)	Indirect #13: SCL, TTEE of the SCL 2005-1 Qualified Annuity Trust DTD 4/21/05.
(15)	Indirect #14: M. Myhart TTEE Corinne Under Trust Agreement dtd 3/8/96.
(16)	Indirect #15: M. Myhart TTEE Clara Under Trust Agreement dtd 3/8/96.
(17)	Indirect #16: M. Nyhart TTEE Christine Under Trust Agreement dtd 3/8/96.
(18)	Indirect #17: CAL, daughter of the Reporting Person.

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