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AMERICAN ANNUITY GROUP ELECTS LINDNER PRESIDENT/DIRECTOR

 CINCINNATI, Ohio, March 29 /PRNewswire/ -- American Annuity Group, Inc. (NYSE: AAG) announced today that its board of directors has elected S. Craig Lindner as president and a director of AAG. Mr. Lindner will continue to serve as senior executive vice president of American Money Management Corporation (AMM), a subsidiary of American Financial Corporation (AFC) that provides investment services to AFC and its subsidiaries. As previously reported, AAG is currently an 82 percent- owned subsidiary of AFC, and AAG's wholly owned subsidiary Great American Life Insurance Company, which sells tax-deferred annuities to teachers and other employees of not-for-profit institutions, has an investment portfolio of approximately $4.3 billion which is managed by AMM.
 AAG also announced that its board of directors elected John Berding as senior vice president - investments. Mr. Berding also serves as vice president of AMM.
 -0- 3/29/93
 /CONTACT: William J. Maney, senior vice president and treasurer of American Annuity Group, 513-369-5914/
 (AAG)


CO: American Annuity Group, Inc. ST: Connecticut IN: INS SU: PER

LD-TM -- NY097 -- 0710 03/29/93 16:58 EST
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Publication:PR Newswire
Date:Mar 29, 1993
Words:176
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