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AMERICAN INTERNATIONAL GROUP, INC. DECLARES QUARTERLY COMMON STOCK DIVIDEND
NEW YORK, November 18, 1998 - The Board of Directors of American International Group, Inc. (AIG) today declared a quarterly cash dividend of $.056 per share, payable March 19, 1999 to shareholders of record on March 5, 1999.

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AIG is the leading U.S.-based international insurance organization and among the largest underwriters of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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