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NEW YORK, June 19, 2000 – American International Group, Inc. (NYSE:AIG) has announced a number of strategic alliances to provide its member companies' insurance products and services to users of leading financial sites including E*TRADE®, OnMoney.com and worldlyinvestor.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.*

“By adding aigdirect.com to their portfolio of financial service tools, these leading sites can offer access to a convenient, one-stop-shopping destination for a broad array of insurance products and services that boosts their ability to meet consumer needs by helping empower the consumer to make educated purchasing decisions online,” said Scott M. Alexander, head of U.S. eBusiness Division. “Working with these leading financial brands will enhance our distribution and attract new consumers.”

E*TRADE Group, Inc.**(Nasdaq: EGRP) is a global leader in online financial services, offering investors value-added investing and research features, empowering them to manage their personal finances. aigdirect.com will be fully integrated throughout the Destination E*TRADESM web site, offering customers, members and visitors to the site the ability to purchase insurance products, and review automobile and insurance related news, feature articles, videos, frequently asked questions and tips.

OnMoney.com brings together consolidated financial planning tools such as financial statements, financial news, and educational content, all in one easy-to-use location. Under the agreement, OnMoney.com visitors can access aigdirect.com through its new insurance mall.

A production of Worldly Information Network, Inc., worldlyinvestor.com is dedicated to providing unique insight on the global financial marketplace and its impact on the U.S. investor, delivering information about stocks, bonds and mutual funds from a network of journalists and columnists. Worldlyinvestor.com will offer its users access to aigdirect.com's complete portfolio of consumer and small business products and services.

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 on 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.

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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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* Products and service may not be available in all states. Issuance of coverage is subject to underwriting.

** E*TRADE Securities Inc. (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc. have offices in Northern California and in other major business centers in the U.S. and worldwide. E*TRADE is a registered trademark of E*TRADE Securities, Inc. System response and account access time may vary due to market conditions, system performance and other conditions.