American Greetings to Present at Merrill Lynch Consumer Products Conference;
Audio Web Cast Available

CLEVELAND, Feb. 16 /PRNewswire/ -- American Greetings Corporation (NYSE: AM) said today that it will present at the Merrill Lynch 14th Annual Global Branded Consumer Products Conference from 1:05 to 1:40 p.m. on Thursday, March 1, 2001 at the Pierre Hotel in New York. Merrill Lynch will broadcast an audio version of the presentation live on the Internet.

The presentation will be accessible through the Investor Relations section of the American Greetings corporate Web site at
http://corporate.americangreetings.com/ . Minimum requirements to listen to the Web cast are RealPlayer software (available free at http://www.real.com/ ), audio capabilities, and at least a 14.4Kbps connection to the Internet.

About American Greetings Corporation

American Greetings is the world's largest publicly held creator, manufacturer and distributor of greeting cards and social expression products. Its staff of artists, designers and writers comprises one of the largest creative departments in the world and helps consumers "say it best" by supplying more than 15,000 greeting card designs to retail outlets in nearly every English-speaking country. Located in Cleveland, Ohio, American Greetings employs more than 21,000 associates around the world. For more information on the company, visit http://www.americangreetings.com/ on the World Wide Web.