AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2004

Feb 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2004-02-02

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
2004-02-02	COMMON SHARE	S	8800	$6.05	Disposed	530100	Direct
2004-02-02	COMMON SHARE	S	8800	$6.06	Disposed	521300	Direct
2004-02-02	COMMON SHARE	S	1500	$6.08	Disposed	519800	Direct
2004-02-03	COMMON SHARE	S	800	$6.1	Disposed	519000	Direct
2004-02-03	COMMON SHARE	S	600	$6.1	Disposed	518400	Direct