AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2003

Dec 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2003-12-30

Reporting Person: AMERICAN SHARED HOSPITAL SERVICES (Director, CHAIRMAN AND CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	COMMON SHARE	G	2510	$6	Disposed	539900	Direct
2003-12-30	COMMON SHARE	S	1000	$6.04	Disposed	538900	Direct