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AIGDIRECT.COM TO OFFER INSURANCE PRODUCTS AND SERVICES AT AUTOMOTIVE SITES
NEW YORK, October 18, 2000 -American International Group, Inc. (NYSE:AIG) has announced that its member companies have entered into a number of strategic alliances to provide insurance products and services to users of leading automotive-related sites including Kelley Blue Book (kbb.com), CarReview.com and ExpressAutoParts.com via aigdirect.com, AIG's consumer and small business e-commerce site.

aigdirect.com provides its users with insurance quotes and transactional capabilities, as well as up-to-date insurance and personal finance information, news and tools.*

Kelley Blue Book (www.kbb.com) is a leading online and off-line publisher of pricing reports for new and used cars. CarREVIEW.com is a community web site for auto enthusiasts, offering reviews written by consumers ranging from the latest autos to car audio equipment. ExpressAutoParts.com is a leading online automotive parts and accessories superstore, offering millions of parts and accessories for domestic and foreign cars, trucks and SUVs below traditional retail cost.

Under the agreements, each site will offer links to aigdirect.com where visitors have the ability to purchase insurance products, and review automobile and insurance related news, feature articles, videos, frequently asked questions and tips.

aigdirect.com was recognized as the 1999 top insurance web site by FinancialNet News, a leading news outlet covering online financial services and most recently in Forbes' Summer 2000 "Best of the Web".

For more information about AIG, please visit www.aig.com which, in addition to AIG corporate information, provides easy access to specific product and service sites, including www.aigdirect.com for personal and small business insurance needs, www.accessaig.com for brokers, agents and financial intermediaries, www.aigonline.com for risk managers and other corporate executives, as well as www.aigcorporate.com, AIG's corporate web site.

AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. 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.

Products and service may not be available in all states. Issuance of coverage is subject to underwriting. Please see the policy for a complete description of its scope and limitations of coverage.