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American Artists Films Completes Principal Photography On Co-Production With Georgia Public Television

    ATLANTA, Dec. 5 /PRNewswire/ -- American Artists Films (AAF), a division
of American Artists Film Corporation (OTC: AAFC) announced that it has
completed principal photography and begun post-production on a 1-1/2 hour
co-production with Georgia Public Television (GPTV) on the philosophies of
Robert Johnson and Marion Woodman.  Mr. Johnson and Ms. Woodman are experts
and authors in the fields of Jungian psychology, mythology and dream
interpretation.  The co-production is scheduled for airing on GPTV in March
1998.
    According to Rex Hauck, President of AAF, "We are excited about this
opportunity to co-produce a special of this nature with GPTV and look forward
to fostering and developing similar associations in the near future."
    American Artist Films has focused its efforts on developing and producing
high quality programming in a cost effective environment.  AAF has co-produced
several television specials including "Angels II:  Beyond the Light," hosted
by Stephanie Powers and televised on NBC and "Fire From The Sky," which is
currently being broadcast on the Turner Superstation and CNN.
    American Artists Film Corporation is based in Atlanta, Georgia and is a
multi-faceted entertainment Company committed to the creation, production and
distribution of original, innovative programming and films for a variety of
media.
    Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties,
including those relating to the availability of suitable financial resources,
the availability of management, production and creative personnel, access to
suitable distribution channels for the Company's entertainment products, and
favorable reaction to those products by media, advertisers and audiences, as
well as other risks detailed from time to time in the Company's SEC reports,
including the report on Form 10-KSB for the year ended July 31, 1997.


SOURCE American Artists Films




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CONTACT:
J. Eric Van Atta or Robert A. Martinez, both
of American Artists Film Corporation, 404-876-7373 or fax,
404-885-9831; or Bob Schu of Desmond Towey & Associates,
212-888-7600 or fax, 212-888-7686, for American Artists Film
Corporation