Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 1, 2009, and effective that date, Chadwick J. Byrd resigned as Chief Financial Officer, Treasurer and Secretary of Ambassadors Group, Inc. (the "Company").

On November 1, 2009, and effective that date, the Company appointed Kristi Gravelle to serve as the interim Chief Financial Officer, Treasurer, Secretary and the principal accounting officer of the Company.

Ms. Gravelle, age 42, has been Controller of the Company since September, 2007. For the four year period prior thereto, Ms. Gravelle was an independent financial consultant in Denver, Colorado to publicly held corporations.

A copy of the Company's press release announcing the termination of Mr. Byrd and the appointment of Ms. Gravelle is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1: Press Release, dated November 1, 2009.

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