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NEW YORK, October 16, 2000 - AIG Asset Management International, Inc., a member company of American International Group, Inc. (AIG) has announced that Brent Bell has been named to the newly created position of Managing Director for retail fund distribution in Southeast Asia.

Mr. Bell is charged with the responsibility of building third party distribution channels and developing the product line of AIG Asset Management International, Inc. in Hong Kong, Singapore, Taiwan and the Philippines.

"Brent's knowledge, leadership, energy and experience within the AIG Asset Management International operation, coupled with the strengths of our local country managers, will enable us to significantly grow our asset management opportunities in Southeast Asia," said Stuart Rogers, President of AIG Asset Management International, Inc..

Most recently, Mr. Bell had been Managing Director & Chief Executive of AIG Global Investment Company (East Africa) Limited, since the inception of that company. From 1990-1998, Mr. Bell was with EquitiLink Australia Limited, where he rose to the position of Director and Group General Manager.

AIG Asset Management International, Inc., together with its affiliated companies, develops, distributes and manages retail mutual funds worldwide. It combines the retail mutual fund experience of SunAmerica Asset Management Corp., a subsidiary of AIG member company SunAmerica Inc., with the international distribution capabilities of the AIG member companies. AIG Asset Management International, Inc. has operating units in ten countries across Asia, Europe and Africa, and provides financial intermediaries with an array of mutual funds that can be sold alone or in conjunction with variable annuities and pension products.

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.