UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                    FORM 10-K

(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  28,  2005

                                       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
    of incorporation or                                Identification 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
                                        -----        -----

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange 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 26, 2004 (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 $758,510.
(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 registrant's classes of
common stock, as of the latest practicable date:

803,988 shares of Common Stock, $0.10 par value, as of August 15, 2005.

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 28, 2005, incorporated by reference into Part II of
this Annual 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 22, 2005, incorporated by reference into
Part III of this Annual Report on Form 10-K.


<PAGE>
                                     PART I
                                     ------

ITEM 1.  BUSINESS

     Incorporated in Georgia in 1968, American Consumers, Inc. (the "COMPANY"),
operates eight (8) 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 28, 2005, 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 28, 2005, approximately 82% of the Company's total inventory purchases of
$24,308,131 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, as
well as one major national retailer (Wal-Mart).  The nature of price competition
which the Company encounters from these major competitors 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


                                        1
<PAGE>
prices below the Company's wholesale cost.  The Company believes that its major
competitors have been 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.  As a result of these competitive conditions, apart
from the addition of two new store locations the Company has been unable to
achieve any meaningful increase in overall sales levels in recent periods and,
as discussed in more detail below, also has been unable to sustain any
consistent improvements in gross profit.

     Management believes that, in recent periods, entry into the Company's trade
area by 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, combined
with a wholesale price increase by our major inventory supplier during the third
quarter of fiscal 2005, have resulted in increased pressure on the Company's
market share, sales and profits during fiscal 2005, the effects of which
continue to threaten the profitability of the Company.

     The addition of two stores since April of 2001 and the change in our
principal inventory supplier in March of 2000 has allowed the Company to better
compete in the marketplace.  However, the Company sustained a net loss for the
fiscal year ended May 28, 2005 of $331,360, as compared to a net loss of
$236,050 for the fiscal year ended May 29, 2004 and net income of $40,134 for
the fiscal year ended May 31, 2003.

     One factor which contributed to the increased loss for fiscal 2005 was a
reduction in our gross margin as compared to the prior two fiscal years.  The
gross margin was negatively impacted during the second half of fiscal 2005 by
the fact that our primary inventory supplier increased its wholesale markup from
3.0% to 3.5% during the third quarter, and we have not yet been able to fully
recover this increase through adjustments to the Company's retail prices.  If we
are not able to fully offset this increase through additional retail pricing
adjustments and/or lowering the cost for at least a portion of our inventory
during fiscal 2006, our gross margin will continue to be negatively impacted.
Major factors contributing to the net loss experienced in fiscal 2004 as
compared to the net income realized in 2003 included expenditures associated
with the establishment of our eighth grocery store location in Tunnel Hill,
Georgia, payroll increases at all store locations and a significant increase in
our worker's compensation insurance premium.

     Management actively monitors both the gross margin and the Company's retail
pricing structure in an attempt to maximize profitability.  Management began
working on the Company's gross margin during the quarter ended August 31, 2002.
While there have


                                        2
<PAGE>
been occasional improvements in our gross profit since that time, it is
difficult to maintain a trend of consistent improvement in the gross margin due
to competitive conditions which often delay the Company's ability to pass
through price increases experienced at the wholesale level.  Accordingly, while
management will attempt to offset the recent wholesale price increase through
strategic adjustments to our pricing mix during future quarters, further
improvements in the gross margin may not be achievable at this time, and further
deterioration in the Company's gross margin is possible.

     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.

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

     The Company employs approximately 100 full-time employees and approximately
132 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 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>
                             Fiscal 2005    Fiscal 2004    Fiscal 2003
Product Class                (52 Weeks)     (52 Weeks)     (52 Weeks)
--------------------------  -------------  -------------  -------------
<S>                         <C>            <C>            <C>
Meat and Deli               $   9,230,478  $   8,327,742  $   7,945,764

Produce                         2,344,420      2,206,198      2,269,945

Grocery and Non-Food Items     20,526,293     19,477,315     19,408,922
</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,
Chickamauga and Tunnel Hill, Georgia; Stevenson, Alabama; and Dayton and Jasper,
Tennessee.  All of the eight


                                        3
<PAGE>
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  01/01/05 - 12/31/09  1-5 yr. term
Tunnel Hill, GA   18,900  01/01/04 - 08/31/07  3-5 yr. terms
Stevenson, AL     23,860  06/01/04 - 05/31/09  1-5 yr. term
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
                 -------
                 163,864
                 =======
</TABLE>

     The supermarkets in Ringgold, LaFayette, Chatsworth and Tunnel Hill,
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.


                                        4
<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               59
1977                        Directors, President, Chief
                            Executive Officer, member of
                            the Executive Committee of
                            the Board of Directors.

Virgil E. Bishop            Vice-President, Director,              66
1974                        member of the Executive
                            Committee of the Board
                            of Directors.

Paul R. Cook                Executive Vice-President,              55
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              61
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               52
1991                        Executive Committee (ex-
                            officio).  From 1972 to 1991,
                            Mrs. Southern was Administra-
                            tive Assistant for the Company.
</TABLE>


                                        5
<PAGE>
                                     PART II
                                     -------

ITEM 5.  MARKET  FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
         AND  ISSUER  REPURCHASES  OF  EQUITY  SECURITIES

(a)  The approximate number of record holders of the Company's common stock at
May 28, 2005, was 823. The remaining information required by paragraph (a) of
this Item 5 is incorporated herein by reference to page 5 of the Company's
Annual Report to security holders for the fiscal year ended May 28, 2005.

(b)  Not applicable.

(c)  Issuer Repurchases:
     ------------------

The following table presents information with respect to repurchases of common
stock made by the Company during the fourth quarter of the fiscal year covered
by this report:

<TABLE>
<CAPTION>
                                         Total Number of
                               Average   Shares Purchased  Maximum Number of
                                Price           as          Shares that May
                Total Number     Paid       Part of a             Yet
                  of Shares      per         Publicly        Be Purchased
Period          Purchased (1)   Share     Announced Plan    Under the Plan
--------------  -------------  --------  ----------------  -----------------
<S>             <C>            <C>       <C>               <C>
February 27 -       224         $1.00           -                  -
March 26, 2005

March 27 -           -            -             -                  -
April 30, 2005

May 1 -              -            -             -                  -
May 28, 2005

TOTAL               224         $1.00           -                  -
                =============  ========  ================  =================
</TABLE>

(1)  Represents shares repurchased at $1.00 per share in response to unsolicited
     requests from unaffiliated shareholders during the quarter.


ITEM 6.  SELECTED  FINANCIAL  DATA

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 28, 2005.


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 6 through 15 of the Company's Annual Report to security holders for the
fiscal year ended May 28, 2005.


                                        6
<PAGE>
ITEM 7A.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK

The  Company  does  not  engage  in derivative transactions, nor does it hold or
issue  financial  instruments  for  trading  or other speculative purposes.  The
Company is exposed to market risk related 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.  The Company does not maintain any
interest  rate  hedging  arrangements.  Based  on  the  Company's  outstanding
indebtedness at May 28, 2005 a one percent (1.0%) increase in the prime interest
rate  would  increase interest expense applicable to our variable rate debt (and
our  net  loss)  by  approximately  $8,000  annually.  Due  to the effect of the
interest  rate  floor  provisions  in  the  Company's  variable rate debt, a one
percent (1.0%) decrease in the prime interest rate would not be expected to have
a  material  impact  on  the  Company's annualized interest expense.  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 16 through 30 of the Company's Annual Report to security holders for the
fiscal year ended May 28, 2005.


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

None.


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.


ITEM 9B.  OTHER  INFORMATION

None.


                                        7
<PAGE>
                                    PART III
                                    --------

ITEM 10.  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

Executive Officers
------------------

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."

Audit Committee Financial Expert
--------------------------------

All four of the Company's independent directors currently serve on the Audit
Committee, and each is an experienced business professional.  Thomas L.
Richardson is the retired chief executive officer of Learning Labs, Inc., a
position he held for 27 years.  He and Jerome P. Sims, Sr. each have had over 30
years of experience in reviewing the Company's financial reporting process
through service as independent directors.  Danny R. Skates has 11 years of
senior management experience as Vice President and General Manager of Jackson
Chevrolet Pontiac Buick GMC, and Andrew V. Douglas has had extensive experience
with the business of independent grocery retailers such as the Company through
his service as a retail counselor for Fleming Companies, Inc., our former
principal supplier.  Accordingly, in light of their backgrounds and their
understanding of the Company's business, the Board of Directors believes that
the members of the Audit Committee will be able to provide effective oversight
for the Company's financial reporting process and its relationship with its
independent accountants.  Nevertheless, the Company's Board of Directors has not
determined that any member of the Company's Audit Committee qualifies as an
"audit committee financial expert" under the SEC's detailed, technical
definition of that term.

Code of Ethics
--------------

The Company has adopted a Code of Business Conduct and Ethics (the "Code of
Ethics") which applies to its principal executive officer, principal financial
officer and principal accounting officer or controller, and any persons
performing similar functions.  A copy of the Code of Ethics is filed as Exhibit
14 to this Report.


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 22, 2005, under the headings
"INFORMATION ABOUT NOMINEES FOR DIRECTOR" and "SECTION 16(a) BENEFICIAL
OWNERSHIP REPORTING COMPLIANCE."


                                        8
<PAGE>
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 22, 2005, under the headings "DIRECTORS'
COMMITTEES, FEES AND ATTENDANCE," "EXECUTIVE COMPENSATION" and "COMPENSATION
COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION."


ITEM 12.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

Securities Authorized for Issuance Under Equity Compensation Plans
------------------------------------------------------------------

The Company has not adopted any equity compensation plans.


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 22, 2005, under the headings
"PRINCIPAL SHAREHOLDERS" and "INFORMATION ABOUT NOMINEES FOR DIRECTOR."


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 22, 2005, under the heading "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 22, 2005, under the heading "AUDIT FEES."


                                        9
<PAGE>
                                     PART IV
                                     -------

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

     1.   The following Financial Statements included in the Company's 2005
          Annual Report to the security holders for the fiscal year ended May
          28, 2005, are incorporated by reference in Item 8 hereof:

          -    Report of Independent Registered Public Accounting Firm

          -    Balance Sheets - May 28, 2005 and May 29, 2004

          -    Statements of Income and Changes in Stockholders' Equity - Fiscal
               Years Ended May 28, 2005; May 29, 2004 and May 31, 2003

          -    Statements of Cash Flows - Fiscal Years Ended May 28, 2005; May
               29, 2004 and May 31, 2003

          -    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:


<TABLE>
<CAPTION>
<S>                  <C>
     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    First Lease Amendment Agreement for the Company's
                     Chatsworth, Georgia location, dated March 19, 2003.

     Exhibit 10.5    Lease Agreement for the Company's Chickamauga, Georgia
                     location.


                                       10
<PAGE>
     Exhibit 10.6    Letter Agreement, dated August 3, 1994, concerning
                     three 5-year extension options for the Company's
                     Chickamauga, Georgia location.

     Exhibit 10.7    Renewal Lease Agreement for the Company's Stevenson,
                     Alabama location.

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

     Exhibit 10.9    Lease Agreement for the Company's Executive Offices.

     Exhibit 10.10   Lease Agreement for the Company's Jasper, Tennessee
                     location.

     Exhibit 10.11   Lease Agreement for the Company's Tunnel Hill, Georgia
                     location, dated December 20, 2003 between the Company
                     and Tunnel Properties, LLC.

     Exhibit 10.12   Commercial Variable Rate Promissory Note between the
                     Company and Northwest Georgia Bank, dated April 30,
                     2001.

     Exhibit 10.13   Commercial Security Agreement between the Company and
                     Northwest Georgia Bank, dated June 1, 2001.

     Exhibit 10.14   Assignment of Deposit Account between the Company and
                     Northwest Georgia Bank, dated June 1, 2001.

     Exhibit 10.15   Commercial Variable Rate Promissory Note between the
                     Company and Northwest Georgia Bank, dated September 11,
                     2001.

     Exhibit 10.16   Commercial Security Agreement between the Company and
                     Northwest Georgia Bank, dated September 11, 2001.

     Exhibit 10.17   Commercial Variable Rate Revolving or Draw Note between
                     the Company and Northwest Georgia Bank, dated June 27,
                     2005.

     Exhibit 10.18   Commercial Security Agreement between the Company and
                     Northwest Georgia Bank, dated June 27, 2005.

     Exhibit 10.19   Assignment of Certificate of Deposit between the
                     Company and Northwest Georgia Bank, dated June 27,
                     2005.


                                       11
<PAGE>
     Exhibit 10.20*  Description of the Company's Bonus Plan.

     Exhibit 10.21   Asset Purchase Agreement dated December 20, 2003
                     between the Company and Russell's Food Stores, Inc.

     Exhibit 10.22   Commercial Variable Rate Promissory Note between the
                     Company and Northwest Georgia Bank, dated December 17,
                     2003.

     Exhibit 10.23   Demand Note with Variable Interest Rate between the
                     Company and Michael A. and Diana K. Richardson.

     Exhibit 10.24   Demand Note with Variable Interest Rate between the
                     Company and Matthew A. Richardson.

     Exhibit 10.25*  Narrative Summary of Board Action establishing Base
                     Salaries for Fiscal 2006.

     Exhibit 10.26*  Narrative Summary of Board Action establishing Cash
                     Bonus Plan for fiscal 2006.

     Exhibit 10.27*  Narrative Summary of Board Action establishing
                     Director Compensation for fiscal 2006.

     Exhibit 13      Information Incorporated by Reference from Annual
                     Report to Shareholders for the Fiscal Year ended May
                     28, 2005.

     Exhibit 14      Code of Business Conduct and Ethics.

     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).
</TABLE>

* Indicates a management contract or compensatory plan or arrangement.


                                       12
<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 24, 2005      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 24, 2005
-------------------------  President and Chief
Michael A. Richardson      Executive Officer

/s/ Paul R. Cook           Executive Vice-          August 24, 2005
-------------------------  President, Chief
Paul R. Cook               Financial Officer,
                           Treasurer (Chief
                           Accounting Officer) and
                           Director

/s/ Virgil E. Bishop       Vice-President and       August 24, 2005
-------------------------  Director
Virgil E. Bishop

/s/ Danny R. Skates        Director                 August 24, 2005
-------------------------
Danny R. Skates

/s/ Thomas L. Richardson   Director                 August 24, 2005
-------------------------
Thomas L. Richardson

/s/ Jerome P. Sims, Sr.    Director                 August 24, 2005
-------------------------
Jerome P. Sims, Sr.


-------------------------  Director                 August ___, 2005
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    First Lease Amendment Agreement for the Company's
                Chatsworth, Georgia location, dated March 19, 2003.
                Incorporated by reference to Exhibit 10.15 to Form 10-
                K for the year ended May 31, 2003.

Exhibit 10.5    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 10.6    Letter Agreement, dated August 3, 1994, concerning
                three 5-year extension options for the Company's
                Chickamauga, Georgia location.  Incorporated by
                reference to Exhibit 10 to Form 10-Q for quarterly
                period ended August 27, 1994.

Exhibit 10.7    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.


<PAGE>
Exhibit 10.8    Lease Agreement for the Company's Dayton, Tennessee
                location.  Incorporated by reference to Exhibit 10(j)
                to Form 10-K for the year ended May 29, 1993.

Exhibit 10.9    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 10.10   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.

Exhibit 10.11   Lease Agreement for the Company's Tunnel Hill, Georgia
                location, dated December 20, 2003 between the Company
                and Tunnel Properties, LLC.  Incorporated by reference
                to Exhibit 10.2 to Form 10-Q for the quarterly period
                ended February 28, 2004.

Exhibit 10.12   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 10.13   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 10.14   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 10.15   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.


<PAGE>
Exhibit 10.16   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 10.17   Commercial Variable Rate Revolving or Draw Note between
                the Company and Northwest Georgia Bank, dated June 27,
                2005.  Incorporated by reference to Exhibit 10.26 to
                Current Report on Form 8-K dated June 27, 2005.

Exhibit 10.18   Commercial Security Agreement between the Company and
                Northwest Georgia Bank, dated June 27, 2005.
                Incorporated by reference to Exhibit 10.27 to Current
                Report on Form 8-K dated June 27, 2005.

Exhibit 10.19   Assignment of Certificate of Deposit between the
                Company and Northwest Georgia Bank, dated June 27,
                2005.  Incorporated by reference to Exhibit 10.28 to
                Current Report on Form 8-K dated June 27, 2005.

Exhibit 10.20*  Description of the Company's Bonus Plan. Incorporated
                by reference to Exhibit 10.17 to Form 10-K for the
                year ended May 31, 2003.

Exhibit 10.21   Asset Purchase Agreement dated December 20, 2003
                between the Company and Russell's Food Stores, Inc.
                Incorporated by reference to Exhibit 10.1 to Form 10-Q
                for the quarterly period ended February 28, 2004.

Exhibit 10.22   Commercial Variable Rate Promissory Note between the
                Company and Northwest Georgia Bank, dated December 17,
                2003.  Incorporated by reference to Exhibit 10.3 to
                Form 10-Q for the quarterly period ended February 28,
                2004.

Exhibit 10.23   Demand Note with Variable Interest Rate between the
                Company and Michael A. and Diana K. Richardson.
                Incorporated by reference to Exhibit 10.21 to Form 10-
                K for the year ended May 29, 2004.


<PAGE>
Exhibit 10.24   Demand Note with Variable Interest Rate between the
                Company and Matthew A. Richardson.  Incorporated by
                reference to Exhibit 10.22 to Form 10-K for the year
                ended May 29, 2004.

Exhibit 10.25*  Narrative Summary of Board Action establishing Base
                Salaries for Fiscal 2006.  Incorporated by reference
                to Exhibit 10.1 to Current Report on Form 8-K dated
                July 21, 2005.

Exhibit 10.26*  Narrative Summary of Board Action establishing Cash
                Bonus Plan for fiscal 2006.  Incorporated by reference
                to Exhibit 10.2 to Current Report on Form 8-K dated
                July 21, 2005.

Exhibit 10.27*  Narrative Summary of Board Action establishing
                Director Compensation for fiscal 2006.  Incorporated
                by reference to Exhibit 10.3 to Current Report on Form
                8-K dated July 21, 2005.

Exhibit 13      Information Incorporated by Reference from Annual
                Report to Shareholders for the Fiscal Year ended May
                28, 2005.  Filed herewith.

Exhibit 14      Code of Business Conduct and Ethics.  Incorporated by
                reference to Exhibit 14 to Form 10-K for the year
                ended May 29, 2004.

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>

* Indicates a management contract or compensatory plan or arrangement.