EXHIBIT 24 - CONSENTS OF INDEPENDENT AUDITORS




          We consent to the incorporation by reference in the Registration
          Statement (Form S-8 No. 33-55189) pertaining to the Employee
          Stock Purchase Plan of American Annuity Group, Inc. of our report
          dated March 13, 1995, with respect to the consolidated financial
          statements and schedules of American Annuity Group, Inc. and our
          report dated June 15, 1993, with respect to the financial
          statements of Great American Life Insurance Company included in
          this Annual Report (Form 10-K) for the year ended December 31,
          1994.



                                             ERNST & YOUNG LLP

          Cincinnati, Ohio
          April 18, 1995


          We consent to the use of our report dated June 15, 1993 with
          respect to the financial statements of Great American Life
          Insurance Company included as Exhibit 99.2 in the Annual Report
          (Form 10-K), as amended, of American Annuity Group, Inc. for
          the year ended December 31, 1994.



                                             ERNST & YOUNG LLP

          Cincinnati, Ohio
          April 18, 1995
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