American Greetings Declares Dividend

    CLEVELAND, June 22 /CNW/ -- American Greetings Corporation (NYSE:   AM)
today announced that its Board of Directors has approved a quarterly cash
dividend of $0.10 per share.  The dividend will be payable on July 19, 2007 to
shareholders of record as of July 9, 2007.
    (Logo: )

    About American Greetings Corporation
    American Greetings Corporation (NYSE:   AM) is one of the world's largest
manufacturers of social expression products.  Along with greeting cards, its
product lines include gift wrap, party goods, stationery, calendars, ornaments
and electronic greetings.  Located in Cleveland, Ohio, American Greetings
generates annual net sales of approximately $1.7 billion.  For more
information on the Company, visit

For further information:

For further information: Gregory M. Steinberg, Treasurer and Director of
 Investor Relations of American Greetings Corporation, +1-216-252-4864, Web Site:

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