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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 H6s3XA8wKPMmrXMWUcNck/KN+VRQuXfyLKsnPpn3qxet1VDQHLUei3YBnEi5fw25
 rD2zBzKD7Gn8MN0qN1mgqQ==

<SEC-DOCUMENT>0001209191-03-003502.txt : 20030508
<SEC-HEADER>0001209191-03-003502.hdr.sgml : 20030508
<ACCEPTANCE-DATETIME>20030508153746
ACCESSION NUMBER:		0001209191-03-003502
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030506
FILED AS OF DATE:		20030508

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATLANTIC AMERICAN CORP
		CENTRAL INDEX KEY:			0000008177
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				581027114
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4370 PEACHTREE RD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319
		BUSINESS PHONE:		4042665500

	MAIL ADDRESS:	
		STREET 1:		4370 PEACHTREE ROAD
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RIDDLE D RAYMOND
		CENTRAL INDEX KEY:			0001180009

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03722
		FILM NUMBER:		03688134

	BUSINESS ADDRESS:	
		STREET 1:		TEN PEACHTREE PLACE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		4045849470

	MAIL ADDRESS:	
		STREET 1:		TEN PEACHTREE PLACE
		STREET 2:		DEPT. 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>g82656_3dr.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>    <schemaVersion>X0101</schemaVersion><documentType>4</documentType><periodOfReport>2003-05-06</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000008177</issuerCik>        <issuerName>ATLANTIC AMERICAN CORP</issuerName><issuerTradingSymbol>AAME</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001180009</rptOwnerCik>            <rptOwnerName>RIDDLE D RAYMOND</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>  </rptOwnerStreet1>            <rptOwnerStreet2>  </rptOwnerStreet2>            <rptOwnerCity>  </rptOwnerCity>            <rptOwnerState>  </rptOwnerState>            <rptOwnerZipCode>  </rptOwnerZipCode>        </reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityT
itle><value>Common Stock</value></securityTitle><transactionDate><value>2003-05-06</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3773</value></transactionShares><transactionValue><value>0</value><footnoteId id="F1" /></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>113850</value><footnoteId id="F2" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">Represents 3,773 shares of restricted stock that were awarded pursuant to the Company's 2002 Incentive Plan.  No consideration is required to be paid by recipient.</footnote><foot
note id="F2">Mr. Riddle also has an indirect ownership interest in 600 shares owned by his spouse, for which Mr. Riddle expressly disclaims beneficial ownership of such securities.  Mr. Riddle also holds options to acquire 5000 shares of common stock granted under the Company's 1996 Non-Employee Director Stock Option Plan at exercise prices ranging from $1.90 to $4.4375.</footnote></footnotes><ownerSignature><signatureName>D RAYMOND RIDDLE</signatureName><signatureDate>2003-05-06</signatureDate></ownerSignature></ownershipDocument>

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