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                     Amer Physicians: Alzheimers Facilities

                     

                    AMERICAN PHYSICIANS SERVICE GROUP, INC.

                ANNOUNCES INVESTMENT IN ALZHEIMER'S FACILITIES


     AUSTIN, TEXAS, March 24, 1998 - American Physicians Service Group, Inc.
("APS") (NASDAQ:AMPH) today announced that it has acquired 34% of Uncommon
Care, Inc. ("Uncommon Care"), a developer and operator of dedicated Alzheimer's
care facilities. In addition to the purchase price of approximately $2.0
million, APS has established a line of credit to Uncommon Care of $2.4 million
to be used for working capital and interim development financing.

     Ken Shifrin, Chairman of the Board of APS said, "We are pleased to
announce our second business line expansion since October.  Our investment in a
physicians practice management company for OB/GYN's is progressing and we are
excited to announce our association with Uncommon Care.  Uncommon Care is a
young, aggressive company with a successful track record and a unique product
in the senior services industry.  Alzheimer's is an unfortunate disease which
will affect more and more Americans as our population ages.  With two fully
occupied facilities, a third facility in the final stage of construction and
significant expansion opportunities, Uncommon Care is positioning itself to
help families affected by Alzheimer's.  We believe our shareholders will
benefit from this quality association."

     John Trevey, CEO of Uncommon Care, said "We have been eager to offer our
unique brand of very personal, caring, individualized service to more people
afflicted with Alzheimer's.  We think our association with APS, with its strong
financial resources, experienced management team and successes with other
affiliations, like Prime Medical Services, Inc., will help us accelerate our
expansion plans and allow us to bring our superior approach to care giving to a
broader group of seniors." 

     APS is a management and financial services firm with subsidiaries and
affiliates which provide:  medical malpractice insurance services for doctors;
brokerage, and investment services to institutions and individuals; physician
practice management services; lithotripsy services in 34 states; and now
dedicated care facilities for Alzheimer's patients.  The Company is
headquartered in Austin, Texas and maintains offices in Dallas and Houston.

For more information, visit APS' website at www.amph.com.   
For further information, contact:
Mr. Kenneth Shifrin, Chairman of the Board (or)
Mr. W. H. Hayes, Sr. Vice President - Finance
American Physicians Service Group, Inc.
1301 Capital of Texas Highway, C-300
Austin, Texas  78746
(512) 328-0888



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