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ATLANTIC AMERICAN CORP Director's Dealing 2004

Feb 10, 2004

34495_dirs_2004-02-10_83a1c170-1c9b-400a-956d-356ceebcf8a6.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ATLANTIC AMERICAN CORP (AAME)
CIK: 0000008177
Period of Report: 2003-12-31

Reporting Person: HOWELL HILTON H JR (Director, President & CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28368.0000	Indirect

Footnotes

F1: 401(k) Plan. The information herein is based on a plan statement as of December 31, 2003.