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New York, August 7, 2000 – American International Group, Inc. (AIG) has announced that Eric Pittomvils has joined the senior management team of AIG Asset Management International, Inc., a member company of AIG, in the newly created position of Managing Director for retail fund distribution in Europe.

From his base in Zurich, Mr. Pittomvils is charged with the responsibility of building third party distribution channels and developing the product line of AIG Asset Management International, Inc. in Europe.

“We are pleased that Eric has joined our firm to head a substantial expansion in Europe of products and services of both AIG and SunAmerica,” said Stuart Rogers, President of AIG Asset Management International, Inc. “His background and energy are a perfect match for what we plan to accomplish with this region.”

Mr. Pittomvils most recently was with UBS as Country Head of Benelux and Northern Europe. During his tenure at UBS, Mr. Pittomvils worked in marketing, development of private label funds and international fund distribution. From 1990-1996, he worked for Cedel Bank, now known as Clearstream, most recently as Vice President and Manager of Central Europe.

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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.

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