SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549


                                    FORM 8-K




                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934




                        Date of Report: December 3, 1997





                         AMERICAN FINANCIAL GROUP, INC.
               (FORMERLY AMERICAN FINANCIAL GROUP HOLDINGS, INC.)

                       Incorporated under the laws of Ohio




Commission File No. 001-13653         IRS Employer Identification No. 31-1544320




                 One East Fourth Street, Cincinnati, Ohio 45202
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              (Address of Principal Executive Offices) (Zip Code)




                                 (513) 579-2121
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              (Registrant's Telephone Number, Including Area Code)















Item 5.  Other Events.

           This report is made pursuant to Rule 12g-3 to reflect the position of
the Registrant as successor issuer to American  Financial Group, Inc., now known
as AFC Holdings Company,  and American  Financial  Enterprises,  Inc. The Common
Stock of AFC  Holdings  Company  was listed on the New York Stock  Exchange  and
registered pursuant to Section 12(b) of the Securities Exchange Act of 1934. The
Common Stock of American Financial  Enterprises,  Inc. was listed on the Pacific
and Chicago Stock Exchanges and also registered pursuant to Section 12(b) of the
Exchange Act.

           The succession took place by means of merger transactions whereby all
equity securities of AFC Holdings Company were exchanged for Common Stock of the
Registrant.  Common Stock of American Financial Enterprises,  Inc. not exchanged
for cash, was also exchanged for Common Stock of the Registrant.

           The Common Stock of the Registrant,  American  Financial Group, Inc.,
has been  listed on the New York  Stock  Exchange  and  registered  pursuant  to
Section 12(b) of the Exchange Act pursuant to Form 8-A filed with the Commission
on November 26, 1997 and made effective December 1, 1997.

           See attached News Release regarding the  above-described  mergers and
certain other matters.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

           (c) Exhibits

               99  News Release dated December 2, 1997.


                                   SIGNATURES


        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                        American Financial Group, Inc.



                                        BY:   /s/James C. Kennedy
                                              ----------------------------------
                                               James C. Kennedy
                                               Secretary
Signed:  December 3, 1997