Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WILLENSKY STEVEN S
   2. Issuer Name and Ticker or Trading Symbol
AMERICAN GREETINGS CORP [AM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
ONE AMERICAN ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
03/31/2008
(Street)

CLEVELAND, OH 44144		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Shares               18,000 D  
Class A Common Shares               3,291.4 (1) I by Profit Shar. Plan

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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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed 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 Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 20.51 03/31/2008   D(2)     22,000   (2) 05/03/2014 Class A Common Shares 22,000 (2) 0 D  
Stock Option $ 22.65 03/31/2008   D(3)     40,250   (3) 05/15/2016 Class A Common Shares 40,250 (3) 0 D  
Stock Option $ 22.82 03/31/2008   D(4)     13,000   (4) 07/26/2014 Class A Common Shares 13,000 (4) 0 D  
Stock Option $ 24.73 03/31/2008   D(5)     35,000   (5) 05/16/2015 Class A Common Shares 35,000 (5) 0 D  
Stock Option $ 25.57 03/31/2008   D(6)     35,000   (6) 05/02/2017 Class A Common Shares 35,000 (6) 0 D  
Stock Option $ 20.51 03/31/2008   A(2)   22,000     (2) 04/30/2011(7) Class A Common Shares 22,000 (2) 22,000 D  
Stock Option $ 22.65 03/31/2008   A(3)   40,250     (3) 04/30/2011(7) Class A Common Shares 40,250 (3) 40,250 D  
Stock Option $ 22.82 03/31/2008   A(4)   13,000     (4) 04/30/2011(7) Class A Common Shares 13,000 (4) 13,000 D  
Stock Option $ 24.73 03/31/2008   A(5)   35,000     (5) 04/30/2011(7) Class A Common Shares 35,000 (5) 35,000 D  
Stock Option $ 25.57 03/31/2008   A(6)   35,000     (6) 04/30/2011(7) Class A Common Shares 35,000 (6) 35,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WILLENSKY STEVEN S
ONE AMERICAN ROAD
CLEVELAND, OH 44144		       Senior Vice President  

Signatures

 Christopher W. Haffke, Power of Attorney for Steven S. Willensky   04/02/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents Class A common shares allocated to the Reporting Person's account as of February 29, 2008, in the American Greetings Retirement Profit Sharing and Savings Plan reflecting the Reporting Person's interest in common shares held in such plan.
(2) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on May 3, 2004, and provides for vesting in two equal annual installments commencing May 3, 2005.
(3) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on May 15, 2006, and provides for vesting in two equal annual installments commencing May 15, 2007.
(4) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on July 26, 2004, and provides for vesting in two equal annual installments commencing July 26, 2005.
(5) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on May 16, 2005, and provides for vesting in two equal annual installments commencing May 16, 2006.
(6) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on May 2, 2007, and provides for vesting in two equal annual installments commencing May 2, 2008.
(7) Pursuant to a retirement agreement dated March 31, 2008, between Mr. Willensky and American Greetings, Mr. Willensky's options will continue to vest and be exercisable until April 30, 2011, rather than terminate on April 30, 2008 (his date of separation) with espect to unvested options and 90 days from his date of separation with respect to vested options.

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