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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
August 23, 1995 Commission File No. 1-1345
(Date of earliest event reported)
AMERICAN FINANCIAL ENTERPRISES, INC.
Incorporated under the laws IRS Employer
of Connecticut Identification No. 31-0996797
One East Fourth Street
Cincinnati, Ohio 45202
Phone: (513) 579-2172
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AMERICAN FINANCIAL ENTERPRISES, INC.
FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant.
American Financial Enterprises, Inc. ("AFEI") holds
assets consisting primarily of investments in the common stock of
investee corporations. In its report on AFEI's 1994 financial
statements, Ernst & Young LLP, AFEI's principal independent
accountants, expressed reliance on the reports of Deloitte &
Touche LLP with respect to the financial statements of American
Premier Underwriters, Inc. ("APU"), an AFEI investee. Effective
August 23, 1995, pursuant to a recommendation of their respective
Audit Committees adopted by their Executive Committees of the
Board of Directors, American Financial Group, Inc. and APU
engaged the firm of Ernst & Young LLP to be their principal
independent accountants for purposes of performing the 1995 audit
of their financial statements. Both companies have informed its
previous principal independent accountants, Deloitte & Touche
LLP, of their action. This change will enable the companies to
better coordinate financial reporting matters with their
significant affiliate, American Financial Corporation. This
change results in a single auditor for the major subsidiaries in
the entire American Financial Group, Inc.
In connection with the audits of APU's two fiscal
years ended December 31, 1994 and during the subsequent interim
periods, there have been no disagreements on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedures with Deloitte &
Touche LLP, which disagreements if not resolved to the
satisfaction of Deloitte & Touche LLP would have caused them to
make reference in their opinion to the subject matter of the
disagreement. The report of Deloitte & Touche LLP on the
consolidated financial statements of APU has not contained an
adverse opinion or a disclaimer of opinion and has not been
qualified or modified as to uncertainty, audit scope, or
accounting principles for the years 1993 and 1994.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
Exhibit (16) Letter re: change in certifying accountant
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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 hereunto duly authorized.
AMERICAN FINANCIAL ENTERPRISES, INC.
August 29, 1995 By:Fred J. Runk
Fred J. Runk
Vice President & Treasurer
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August 29, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Forms 8-K
of American Financial Group, Inc. and American Premier
Underwriters, Inc., American Financial Corporation and American
Financial Enterprises, Inc. dated August 29, 1995.
Yours truly,
DELOITTE & TOUCHE LLP