FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utilities
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

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(Print or Type Responses)                                                                                        

  AMERICAN FINANCIAL GROUP, INC.

  Marsh Supermarkets Inc. (MARSA)

  6.  Relationship of Reporting Person to Issuer
               (Check all applicable)

  One East Fourth Street

3. IRS Identification,
  Number of Reporting
  Person, if an entity (Voluntary)

4. Statement for
   Month/Day/Year

  January 31, 2003

     Director

  X  10% Owner

     Officer (give
     title below)

     Other (specify
           below)

  Cincinnati,   Ohio     45202

   31-1422526

5. If Amendment,
   Date of Original
   (Month/Day/Year)

7. Individual or Joint/Group Filing (Check Applicable Line)
    Form filed by One Reporting Person
 X  Form filed by More than One Reporting PersonForm filed by One Reporting Person
 X  Form filed by More than One Reporting Person

   (City)                    (State)                     (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned

1.  Title of Security
     (Instr. 3)

2. Trans-
action
Date

2A.
Deemed
Execution
Date, if
any

3. Trans-
action
Code
(Instr. 8)

4.  Securities Acquired (A)
or Disposed of (D)
(Instr. 3,4 and 5)

5. Amount of
Securities
Beneficially
Owned

6. Owner-
ship
Form:
Direct

7. Nature
of In-
Direct
Bene-

(Month/
Day/
Year)

(Month/
Day/
Year)

Code

V

Amount

(A) or
(D)

Price

Following
Reported
Transactions
(Instr. 3 and 4)

(D) or
Indirect
(I)
(Instr. 4)

Ficial
Owner-
ship
(Instr. 4)

Class A Common Stock

729,844

I

#1

Class B Common Stock

189,543

I

#1

Class B Common Stock

210,000

I

#2

Class B Common Stock

1/31/03

S

500

D

$11.75

298,201

I

#3

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.                                              Over 
*If the form is filed by more than one reporting person, see Instruction 4(b)(v)                                                              SEC 1474 (9-02) 

FORM 4  (continued)                                                                        Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.  Title of Derivative Security
  (Instr. 3)

2. Conver-
sion or|
Exercise
Price of
Deriv-
ative

3.  Trans-
action
Date

3A 
Deemed
Execution
Date, if
any

4. Transac-
tion Code
(Instr. 8)

5. Number of Deriv-
ative Securities Ac-
quired (A) or Dis-
posed of (D)
(Instr. 3, 4 and 5)

6.  Date Exercisable
and Expiration Date
(Month//Day/Year)

7.  Title and Amount of Underlying
Securities
(Instr. 3 and 4)

8. Price
of
Deriv-
ative
ecuri-
ty

9.  Number
of Deriv-
ative
Secur-
ities
Bene-

10. Owner-
ship
Form
of De-
rivative
Secur

11. Nature
of In-
direct
Bene-
ficial
Owner-

Security

(Month/
Day/
Year)

(Month/
Day/
Year)

Date

Expiration

Amount or

(Instr.
5)

icially
Owned
at End
of

Ity
Direct
(D) or
Indi-

Ship
(Instr. 4)

Code

V

(A)

(D)

Exercisable

Date

Title

Number of Shares

Month
(Instr. 4)

rect (I)
(Instr. 4)

Explanation of Responses:

Note a:   The Other Reporting Persons (each of whose address is the same as that listed in Item 1) are: Carl H. Lindner, Carl H. Lindner III, S. Craig Lindner and Keith E. Lindner. Each of the other Reporting Persons are officers, directors and significant shareholders of American Financial Group, Inc. ("AFG:). These other Reporting Persons may be deemed to beneficially own the equity securities of Marsh Supermarkets, Inc. held by AFG, but disclaims such pecuniary or beneficial ownership.

Indirect #1   These shares are held by Great American Insurance Company, Inc. ("GAI"). The Reporting Person beneficially owns 100% of GAI.
Indirect #2   Infinity Insurance Company, 100% owned by American Premier Underwriters, Inc. ("APU"). The Reporting Person beneficially owns 100% of APU.
Indirect #3   Windsor Insurance Company, 100% owned by American Premier Underwriters, Inc. ("APU") The Reporting Person beneficially owns 100% of APU.

AMERICAN FINANCIAL GROUP, INC.

**  Intentional mistatements or omissions of facts constitute Federal Criminal Violations.

By: _ Karl J. Grafe       February 3, 2003

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

** Signature of Reporting Person                 Date

     Karl J. Grafe, Assistant Secretary

         If space provided is insufficient, see instruction 6 for procedure.