FORM 10-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

(Mark  One)

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

For  the  Fiscal  Year  ended  May  31,  2003

                                       OR

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For  the  transition  period  from  _______  to  _________

Commission  File  No.  0-5815


                            AMERICAN CONSUMERS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Georgia                               58-1033765
-------------------------------       ---------------------------------
(State  or  other  jurisdiction       (I.R.S.  Employer  Identification
 of  incorporation  or                 Number)
 organization)



55  Hannah  Way,  Rossville,  GA                                   30741
--------------------------------------------------------------------------------
(Address  of  principal  executive  offices)                    (Zip  Code)


Registrant's  Telephone  Number,  including  Area  Code:  (706)  861-3347
                                                          ---------------


Securities  registered  pursuant  to  Section  12(g)  of  the  Act:

                          Common Stock, $0.10 par value
--------------------------------------------------------------------------------
                                (Title of Class)


<PAGE>
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

YES  X               NO
    ---                  ---

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K  [X]

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Act). YES       NO  X
                                       ---      ---

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was last sold, or the average bid and asked price of such common equity, as of
the last business day of the registrant's most recently completed second fiscal
quarter.

As of November 29, 2002 (the last business day of the registrant's most recently
completed second fiscal quarter), the aggregate market value of the voting stock
held by non-affiliates of the registrant was approximately $244,425.
(Calculated for these purposes by multiplying the total number of outstanding
shares held by non-affiliates by  the average of available bid and asked price
information for such date.)

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

815,749 shares of Common Stock, $0.10 par value, as of August 20, 2003.

List hereunder the following documents if incorporated by reference and the Part
of the Form 10-K into which the document is incorporated:  (1) any annual report
to security holders; (2) any proxy or information statement; and (3) any
prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of
1933.  The listed documents should be clearly described for identification
purposes:

(1)  specified portions of the Registrant's Annual Report to Shareholders for
the fiscal year ended May 31, 2003, incorporated by reference into Part II of
this report on Form 10-K.

(2)  specified portions of the Registrant's Definitive Proxy Statement filed
with the Securities and Exchange Commission for the Registrant's Annual Meeting
of Shareholders to be held September 25, 2003, incorporated by reference into
Part III of this report on Form 10-K.


<PAGE>
                                     PART I
                                     ------

ITEM 1.  BUSINESS

     Incorporated in Georgia in 1968, American Consumers, Inc. (the "COMPANY"),
operates seven (7) supermarkets within a compact geographical area that
comprises Northwest Georgia, Northeast Alabama, and Southeast Tennessee.

     All of the Company's supermarkets are operated under the name "Shop-Rite."
All of the Company's supermarkets are self-service and are engaged in the retail
selling of groceries including meats, fresh produce, dairy products, frozen
foods, bakery products, tobacco products, and miscellaneous other non-food
items.  The Company's supermarkets feature national brand merchandise with only
a minor part of sales from controlled-label, private-label or generic
merchandise.  "Controlled-label" or "private-label" merchandise is merchandise
purchased from national or local suppliers under a trade name chosen by the
wholesaler supplying the merchandise.  The Company's supermarkets offer milk and
certain dairy products, as well as frozen vegetables and jellies, under the
controlled-labels "Foodland," "Food Club," "Ultimate Choice," "Freshland,"
"Price Saver," "Top Crest," "Top Care" and "Select."  Bread and related bakery
items are also offered as controlled-label groceries.

     During the fiscal year ended May 31, 2003, the Company's major supplier of
staple groceries was Mitchell Grocery Corporation ("MITCHELL"), with its
principal corporate offices in Albertville, Alabama.  For the fiscal year ended
May 31, 2003, approximately 82% of the Company's total inventory purchases of
$22,577,047 were made from Mitchell.

     Various local suppliers within the geographical area served by the
Company's supermarkets provide the Company with certain perishable items,
including produce, and account for approximately 18% of the Company's total
inventory purchases.  The Company believes that there are other adequate and
convenient sources of groceries, including several area and local suppliers,
which could meet its needs. Accordingly, while the Company has elected to
purchase the majority of its inventory from Mitchell for reasons of cost, the
Company is not dependent upon any particular supplier for its requirements of
groceries.

     The supermarket industry is highly competitive and the principal method of
competition historically has been the pricing of groceries.  The Company's
current major competitors now include various local and four regional chains.
The nature of such price competition includes the sale of selected items at
below cost prices as "loss-leaders" or "advertised specials," the practice of
"double couponing" or matching coupon discounts with additional cash discounts,
loyalty card programs, as well as the sale of certain main line items at prices
below the Company's wholesale cost.  The Company believes that its major
competitors have been


                                        1
<PAGE>
and are able to obtain preferential treatment from suppliers in the form of
advertising allowances, lower prices and other concessions not available to the
Company, which puts the Company at a competitive disadvantage.

     Management believes that, in recent periods, entry into the Company's trade
area by Winn Dixie, Save-A-Lot and United Grocery Outlets, and further expansion
in the area by Food Lion and Wal-Mart in addition to the presence of Ingle's and
Bi-Lo, have created a situation of ongoing price competition and increasingly
expensive advertising and promotional activities which place an operation the
size of the Company at a significant competitive disadvantage.  These
developments have resulted in increased pressure on the Company's market share,
sales and profits during fiscal 2003, the effects of which continue to threaten
the profitability of the Company.  A switch of our major inventory supplier in
the last quarter of fiscal 2000 resulted in an increase in gross margin from
2000 to 2001.  However, gross margin decreased for fiscal year 2002 due in part
to the periodic use of more aggressive pricing strategies in an effort to
compete with larger discount grocery chains and expand sales at all locations.
Adjustments to our pricing strategies during fiscal year 2003 resulted in a
gross margin more in line with years prior to 2002.  Management actively
monitors the Company's mix of retail prices and will attempt to achieve further
improvements in gross margin, to the extent permitted by competition.  Due to
competitive conditions, however, further improvements in the gross margin may
not be achievable.

     Management believes that competitive pressures on the Company will continue
to increase over time as a result of larger competitors, which are in a better
position than the Company to withstand prolonged price competition, opening more
new stores in the Company's trade area.

     A continuous effort is made to improve the gross margin and increase
profitability by obtaining the lowest cost for the Company's inventory.

     Backlog is not a significant factor in the Company's business.

     The Company employs approximately 89 full-time employees and approximately
120 part-time and seasonal employees.

     The Company believes it is in compliance with all federal, state and local
laws relating to environmental protection.  No capital expenditures for
equipment relating to environmental protection are presently anticipated.

     The Company is engaged in a single line of business; namely, the retail,
self-service grocery business which is not divisible into separate segments.
The following table sets forth information for the last three (3) fiscal years
as to the total


                                        2
<PAGE>
sales and revenue of the Company contributed by each class of products which
contributed a significant percentage of the total retail sales and revenues of
the Company in the last three (3) fiscal years.

<TABLE>
<CAPTION>
                    2003          2002          2001
                 (52 Weeks)    (52 Weeks)    (53 Weeks)
                ------------  ------------  ------------
<S>             <C>           <C>           <C>
Meat            $  7,945,764  $  7,813,427  $  6,620,866

Produce            2,269,945     2,145,545     1,858,916

Grocery & Non-
Food Items        19,408,922    18,941,456    17,154,770
</TABLE>


ITEM  2.  PROPERTIES

     The executive offices of the Company are located in a 4,000 square-foot
office building on Hannah Way, just off Battlefield Parkway in Rossville,
Georgia, which the Company holds under a lease for a term of five years,
expiring in September, 2006.

     The Company's supermarkets are located in Ringgold, LaFayette, Chatsworth,
and Chickamauga, Georgia; Stevenson, Alabama; and Dayton and Jasper, Tennessee.
All of the seven locations are leased from unaffiliated landlords.  Summary
information concerning these leases is presented below:

<TABLE>
<CAPTION>
                 Square      Current Lease           Renewal
Location         Footage         Term                Options
---------------  -------  -------------------  -------------------
<S>              <C>      <C>                  <C>
Ringgold, GA      14,400  12/01/02 - 11/30/07          -
LaFayette, GA     20,500  01/01/02 - 01/31/07    2-5 yr. terms
Chatsworth, GA    24,360  04/29/03 - 04/30/08    2-5 yr. terms
Chickamauga, GA   13,840  01/01/96 - 12/31/04    2-5 yr. terms
Stevenson, AL     23,860  06/01/94 - 05/31/04    2-5 yr. terms
Dayton, TN        23,004  08/01/02 - 07/31/07    1-5 yr. term
Jasper, TN        25,000  04/28/01 - 04/30/06    3-5 yr. terms
                 -------
                 144,964
                 =======
</TABLE>

     The supermarkets in Ringgold, LaFayette, and Chatsworth, Georgia;
Stevenson, Alabama; and Dayton, Tennessee, are located in strip shopping
centers.  The stores in Chickamauga, Georgia and Jasper, Tennessee are
free-standing.

ITEM 3.  LEGAL PROCEEDINGS

     There are no material pending legal proceedings to which the Company is a
party, or to which any of its property is subject, nor have any material legal
proceedings been terminated during the fourth quarter of the Company's fiscal
year.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

None.


                                        3
<PAGE>
                        EXECUTIVE OFFICERS OF THE COMPANY

     The Company's Board of Directors appoints the Company's Executive Officers
for a term of one year.  The names, ages, offices held with the Company,
business experience during the past five years, and certain directorships held
by each of the Company's Executive Officers are set forth in the following
table:

<TABLE>
<CAPTION>

Name and Year          Office(s) Presently
First Elected as       Held, Business Experience
Executive Officer      and Certain Directorships         Age
---------------------  -------------------------------   ---
<S>                    <C>                            <C>
Michael A. Richardson  Chairman of the Board of           57
1977                   Directors, President, Chief
                       Executive Officer, member of
                       the Executive Committee of
                       the Board of Directors.

Virgil Bishop          Vice-President, Director,          64
1974                   member of the Executive
                       Committee of the Board
                       of Directors.

Paul R. Cook           Executive Vice-President,          53
1987                   Treasurer, Chief Financial
                       Officer, Director, member of
                       the Executive Committee of
                       the Board of Directors.
                       Director of Capital Bank,
                       Fort Oglethorpe, Georgia
                       since May 1993.

James E. Floyd         Vice-President, member of          59
1991                   the Executive Committee
                       (ex-officio).  From 1966 to
                       1991, Mr. Floyd was
                       Grocery Supervisor for
                       the Company.

Reba S. Southern       Secretary, member of the           50
1991                   Executive Committee (ex-
                       officio).  From 1972 to 1991,
                       Mrs. Southern was Administra-
                       tive Assistant for the Company.
</TABLE>


                                        4
<PAGE>
                                    PART II
                                    --------

ITEM  5.     MARKET  FOR  THE  COMPANY'S  COMMON  STOCK  AND RELATED STOCKHOLDER
             MATTERS

The information required by this Item is incorporated herein by reference to
page 4 of the Company's Annual Report to security holders for the fiscal year
ended May 31, 2003.

ITEM  6.     SELECTED  FINANCIAL  DATA

The information required by this Item is incorporated herein by reference to
page 3 of the Company's Annual Report to security holders for the fiscal year
ended May 31, 2003.

ITEM  7.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
             RESULTS  OF  OPERATIONS

The information required by this Item is incorporated herein by reference to
pages 5 through 7 of the Company's Annual Report to security holders for the
fiscal year ended May 31, 2003.

ITEM 7A.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company does not engage in speculative or derivative transactions, nor does
it hold or issue financial instruments for trading purposes.  The Company is
exposed to changes in interest rates primarily as a result of its borrowing
activities.  The effective interest rate on the Company's borrowings under its
Line of Credit Agreements and under its outstanding notes varies with the prime
rate.  We believe that our present exposure to market risk relating to interest
rate risk is not material.  The Company does not maintain any interest rate
hedging arrangements. All of the Company's business is transacted in U.S.
dollars and, accordingly, foreign exchange rate fluctuations have never had a
significant impact on the Company and they are not expected to in the
foreseeable future.

ITEM  8.     FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA

The information required by this Item is incorporated herein by reference to
pages 8 through 19 of the Company's Annual Report to security holders for the
fiscal year ended May 31, 2003.

ITEM  9.     CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
             FINANCIAL  DISCLOSURE

None.


                                        5
<PAGE>
ITEM  9A.     CONTROLS  AND  PROCEDURES

As of the end of the period covered by this annual report, an evaluation was
performed, under the supervision and with the participation of our management,
including our Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures pursuant to Exchange Act Rule 13a-15.  Based upon that
evaluation, the Chief Executive Officer and the Chief Financial Officer
concluded that the Company's disclosure controls and procedures are effective.
No change in the Company's internal control over financial reporting occurred
during fourth fiscal quarter of the period covered by this annual report that
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.


                                    PART III
                                    ---------

ITEM  10.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  COMPANY

Information concerning the Company's Executive Officers is set forth in Part I
of this report on Form 10-K under the caption "Executive Officers of the
Company."  The remaining information required by this Item is incorporated
herein by reference to the Company's definitive proxy statement filed with the
Securities and Exchange Commission pursuant to Regulation 14A for the Company's
Annual Meeting of Shareholders to be held September 25, 2003, under the headings
"INFORMATION ABOUT NOMINEES FOR DIRECTOR" and "SECTION 16(a) BENEFICIAL
OWNERSHIP REPORTING COMPLIANCE."

ITEM  11.     EXECUTIVE  COMPENSATION

The information required by this Item is incorporated herein by reference to the
Company's definitive proxy statement filed with the Securities and Exchange
Commission pursuant to Regulation 14A for the Company's Annual Meeting of
Shareholders to be held September 25, 2003, under the headings "DIRECTORS' FEES
AND ATTENDANCE," "EXECUTIVE COMPENSATION" and "COMPENSATION COMMITTEE INTERLOCKS
AND INSIDER PARTICIPATION."

ITEM  12.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT

The information required by this Item is incorporated herein by reference to the
Company's definitive proxy statement filed with the Securities and Exchange
Commission pursuant to Regulation 14A for the Company's Annual Meeting of
Shareholders to be held September 25, 2003, under the headings "PRINCIPAL
SHAREHOLDERS" and "INFORMATION ABOUT NOMINEES FOR DIRECTOR."


                                        6
<PAGE>
ITEM  13.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

The information required by this Item is incorporated herein by reference to the
Company's definitive proxy statement filed with the Securities and Exchange
Commission pursuant to Regulation 14A for the Company's Annual Meeting of
Shareholders to be held September 25, 2003, under the headings "COMPENSATION
COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION" AND "CERTAIN TRANSACTIONS."

ITEM  14.     PRINCIPAL  ACCOUNTING  FEES  AND  SERVICES

The information required by this Item is incorporated herein by reference to the
Company's definitive proxy statement filed with the Securities and Exchange
Commission pursuant to Regulation 14A for the Company's Annual Meeting of
Shareholders to be held September 25, 2003, under the heading "INDEPENDENT
AUDITORS AND ACCOUNTING FEES."


                                    PART IV
                                    --------

ITEM  15.     EXHIBITS,  FINANCIAL  STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a)   1.      The following Financial Statements included in the Company's 2003
              Annual Report to the security holders for the fiscal year ended
              May 31, 2003, are incorporated by reference in Item 8 hereof:

              -    Report of Independent Accountants

              -    Balance Sheets - May 31, 2003 and June 1, 2002

              -    Statements of Income and Retained Earnings - Fiscal Years
                   Ended May 31, 2003; June 1, 2002 and June 2, 2001

              -    Statements of Cash Flows - Fiscal Years Ended May 31, 2003;
                   June 1, 2002 and June 2, 2001

              -    Notes to Financial Statements


      2.      None of the schedules for which provision is made in the
              applicable accounting regulations of the Securities and Exchange
              Commission are required under the related instructions, or else
              are inapplicable to the Company, and therefore no such schedules
              have been filed.


      3.      The following exhibits are either incorporated by reference or
              attached to and made a part of this report:


                                        7
<PAGE>
     Exhibit 3             Articles of Incorporation and By-Laws.

     Exhibit 10.1          Lease for the Company's Ringgold, Georgia location.

     Exhibit 10.2          Lease Agreement for the Company's LaFayette, Georgia
                           location.

     Exhibit 10.3          Lease Agreement for the Company's Chatsworth, Georgia
                           location.

     Exhibit 10.4          Lease Agreement for the Company's Chickamauga,
                           Georgia location.

     Exhibit 10.5          Renewal Lease Agreement for the Company's Stevenson,
                           Alabama location.

     Exhibit 10.6          Lease Agreement for the Company's Dayton, Tennessee
                           location.

     Exhibit 10.7          Lease Agreement for the Company's Executive Offices.

     Exhibit 10.8          Lease Agreement for the Company's Jasper, Tennessee
                           location.

     Exhibit 10.9          Commercial Variable Rate Promissory Note between the
                           Company and Northwest Georgia Bank, dated April 30,
                           2001.

     Exhibit 10.10         Commercial Security Agreement between the Company
                           and Northwest Georgia Bank, dated June 1, 2001.

     Exhibit 10.11         Assignment of Deposit Account between the Company
                           and Northwest Georgia Bank, dated June 1, 2001.

     Exhibit 10.12         Commercial Variable Rate Promissory Note between the
                           Company and Northwest Georgia Bank, dated September
                           11, 2001.

     Exhibit 10.13         Commercial Security Agreement between the Company
                           and Northwest Georgia Bank, dated September 11, 2001.

     Exhibit 10.14         Commercial Variable Rate Revolving or Draw Note
                           between the Company and Northwest Georgia Bank, dated
                           June 1, 2002.


                                        8
<PAGE>
     Exhibit 10.15         First Lease Amendment Agreement for the Company's
                           Chatsworth, Georgia location, dated March 19, 2003.

     Exhibit 10.16         Commercial Variable Rate Revolving or Draw Note
                           between the Company and Northwest Georgia Bank, dated
                           May 30, 2003.

     Exhibit 10.17         Description of the Company's Bonus Plan.

     Exhibit 13            Information Incorporated by Reference from Annual
                           Report to Shareholders for the Fiscal Year ended May
                           31, 2003.

     Exhibit 23            Consent of Hazlett, Lewis & Bieter, PLLC.

     Exhibit 31.1          C.E.O. Certification pursuant to Exchange Act Rules
                           13a-14(a) and 15d-14(a).

     Exhibit 31.2          C.F.O. Certification pursuant to Exchange Act Rules
                           13a-14(a) and 15d-14(a).

     Exhibit 32.1          C.E.O. Certification pursuant to Exchange Act Rules
                           13a-14(b) and 15d-14(b).

     Exhibit 32.2          C.F.O. Certification pursuant to Exchange Act Rules
                           13a-14(b) and 15d-14(b).


(b)  The Company has not filed any report on Form 8-K during the last quarter of
     the period covered by this report.


                                        9
<PAGE>
                                   SIGNATURES

     Pursuant  to  the  requirements  of  Section  13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.

                              AMERICAN  CONSUMERS,  INC.



Date: August 20, 2003         By:  /s/  Michael A. Richardson
                                  --------------------------------
                                    Michael  A.  Richardson
                                    Chairman  of  the  Board,
                                    President  and  Chief
                                    Executive  Officer

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
report  has  been  signed  below  by  the  following  persons  on  behalf of the
registrant  and  in  the  capacities  and  on  the  dates  indicated.


<TABLE>
<CAPTION>
   SIGNATURE                        TITLE                DATE
   ---------                        -----                ----
<S>                        <C>                      <C>


/s/ Michael A. Richardson  Chairman of the Board,   August 20, 2003
-------------------------  President and Chief
Michael A. Richardson      Executive Officer

/s/ Paul R. Cook           Executive Vice-          August 20, 2003
-------------------------  President, Chief
Paul R. Cook               Financial Officer,
                           Treasurer (Chief
                           Accounting Officer) and
                           Director

/s/ Virgil E. Bishop       Vice-President and       August 20, 2003
-------------------------  Director
Virgil E. Bishop

/s/ Danny R. Skates        Director                 August 20, 2003
-------------------------
Danny R. Skates

/s/ Thomas L. Richardson   Director                 August 20, 2003
-------------------------
Thomas L. Richardson

/s/ Jerome P. Sims, Sr.    Director                 August 20, 2003
-------------------------
Jerome P. Sims, Sr.

/s/ Andrew V. Douglas      Director                 August 22, 2003
-------------------------
Andrew V. Douglas
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                  EXHIBIT INDEX

<S>            <C>
Exhibit 3      Articles of Incorporation and By-Laws.
               Incorporated by reference to Exhibit 3
               to Form 10-K for the year ended May 29, 1993.

Exhibit 10.1   Lease for the Company's Ringgold,
               Georgia location.  Incorporated by
               reference to Exhibit 10(e) to Form 10-K
               for the year ended May 29, 1993.

Exhibit 10.2   Lease Agreement for the Company's
               LaFayette, Georgia location.
               Incorporated by reference to Exhibit
               10(f) to Form 10-K for the year ended
               May 29, 1993.

Exhibit 10.3   Lease Agreement for the Company's
               Chatsworth, Georgia location.
               Incorporated by reference to Exhibit
               10(g) to Form 10-K for the year ended
               May 29, 1993.

Exhibit 10.4   Lease Agreement for the Company's
               Chickamauga, Georgia location.
               Incorporated by reference to Exhibit
               10(h) to Form 10-K for the year ended
               May 29, 1993.

Exhibit 10.5   Renewal Lease Agreement for the
               Company's Stevenson, Alabama location.
               Incorporated by reference to Exhibit
               10(h) to Form 10-K for the year ended
               May 28, 1994.

Exhibit 10.6   Lease Agreement for the Company's
               Dayton, Tennessee location.
               Incorporated by referenced to Exhibit
               10(j) to Form 10-K for the year ended
               May 29, 1993.

Exhibit 10.7   Lease Agreement for the Company's
               Executive Offices.  Incorporated by
               reference to Exhibit 10.3 to Form 10-Q
               for the quarterly period ended September
               1, 2001.

Exhibit 10.8   Lease Agreement for the Company's
               Jasper, Tennessee location.
               Incorporated by reference to Exhibit
               10.19 to Form 10-K for the year ended
               June 2, 2001.


<PAGE>
Exhibit 10.9   Commercial Variable Rate Promissory Note
               between the Company and Northwest
               Georgia Bank, dated April 30, 2001.
               Incorporated by reference to Exhibit
               10.20 to Form 10-K for the year ended
               June 2, 2001.

Exhibit 10.10  Commercial Security Agreement between
               the Company and Northwest Georgia Bank,
               dated June 1, 2001. Incorporated by
               reference to Exhibit 10.22 to Form 10-K
               for the year ended June 2, 2001.

Exhibit 10.11  Assignment of Deposit Account between
               the Company and Northwest Georgia Bank,
               dated June 1, 2001.  Incorporated by
               reference to Exhibit 10.22 to Form 10-K
               for the year ended June 2, 2001.

Exhibit 10.12  Commercial Variable Rate Promissory Note
               between the Company and Northwest
               Georgia Bank, dated September 11, 2001.
               Incorporated by reference to Exhibit
               10.1 to Form 10-Q for the quarterly
               period ended September 1, 2001.

Exhibit 10.13  Commercial Security Agreement between
               the Company and Northwest Georgia Bank,
               dated September 11, 2001.  Incorporated
               by reference to Exhibit 10.2 to Form
               10-Q for the quarterly period ended
               September 1, 2001.

Exhibit 10.14  Commercial Variable Rate Revolving or
               Draw Note between the Company and
               Northwest Georgia Bank, dated June 1,
               2002.  Incorporated by reference to
               Exhibit 10.14 to Form 10-K for the year
               ended June 1, 2002.

Exhibit 10.15  First Lease Amendment Agreement for the
               Company's Chatsworth, Georgia location,
               dated March 19, 2003.  Filed herewith.

Exhibit 10.16  Commercial Variable Rate Revolving or
               Draw Note between the Company and
               Northwest Georgia Bank, dated May 30,
               2003.  Filed herewith.

Exhibit 10.17  Description of the Company's Bonus Plan.
               Filed herewith.


<PAGE>
Exhibit 13     Information Incorporated by Reference
               from Annual Report to Shareholders for
               the Fiscal Year ended May 31, 2003.
               Filed herewith.

Exhibit 23     Consent of Hazlett, Lewis & Bieter, PLLC.
               Filed herewith.

Exhibit 31.1   C.E.O. Certification pursuant to
               Exchange Act Rules 13a-14(a) and
               15d-14(a). Filed herewith.

Exhibit 31.2   C.F.O. Certification pursuant to
               Exchange Act Rules 13a-14(a) and
               15d-14(a). Filed herewith.

Exhibit 32.1   C.E.O. Certification pursuant to
               Exchange Act Rules 13a-14(b) and
               15d-14(b). Filed herewith.

Exhibit 32.2   C.F.O. Certification pursuant to
               Exchange Act Rules 13a-14(b) and
               15d-14(b). Filed herewith.
</TABLE>


<PAGE>