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AIG AND DOW JONES INDEXES TO MARKET COMMODITY INDEX

NEW YORK, January 5, 1999 - AIG International Inc. (AIG International), a member company of American International Group, Inc. (AIG), and Dow Jones Indexes today announced an agreement to jointly market AIG International's commodity index. The index, based on highly liquid commodities futures contracts, will be known as the Dow Jones-AIG Commodity Index (DJ-AIGCI). The index provides institutional investors with a diversified benchmark for commodities as an asset class. Carefully constructed to provide diversified exposure to a wide range of commodities, the DJ-AIGCI combines the indexing experience of Dow Jones with the commodities expertise of AIG International. The DJ-AIGCI uniquely weights individual commodities primarily on the basis of liquidity, along with production data.

"Our purpose in creating the DJ-AIGCI is to provide investors with a diversified commodity benchmark that reflects the economic significance of its components and is highly liquid," said Adam De Chiara, Managing Director, AIG International Inc. "We strongly believe a commodity index should be broad based to reflect the performance of the asset class as a whole."

"The Dow Jones-AIG International relationship enables us to provide interested parties with the most representative and balanced commodities index available," said David Moran, President of Dow Jones Indexes, a division of Dow Jones & Company. "As commodity investments are subjected to increasingly demanding analytical techniques by an expanding group of professional portfolio managers, the architecture of the DJ-AIGCI will provide institutional investors with the diversification and liquidity they require across this asset class."

The DJ-AIGCI will appear daily in the Wall Street Journal's Market Diary on page C1 and can be electronically accessed on Reuters Page AIGCI1.

AIG International, a subsidiary of AIG Trading Group Inc. (AIG Trading), engages in market making and trading activities in foreign exchange, interest rates, and base and precious metals. It provides risk management services to multinational corporations, financial institutions, commercial producers and users, institutional investors and sovereign entities. AIG Trading Group Inc., a subsidiary of American International Group, Inc. (AIG), operates through a worldwide network of offices including its Greenwich, Connecticut headquarters, London, Paris, Geneva, Hong Kong and Singapore.

American International Group, Inc. (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.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, Dow Jones Global Indexes (including the Asia-Pacific Extra Liquid Series) and the pan-European Dow Jones STOXX indexes. Dow Jones Indexes is part of Dow Jones & Company which publishes the world's most vital business and financial news and information. Dow Jones Indexes are currently licensed by over 70 financial institutions, who have created investable products based on the indexes. In addition to the Dow Jones Indexes, Dow Jones & Company (NYSE:DJ) publishes The Wall Street Journal and its international and interactive editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires, Dow Jones Interactive and the Ottaway group of community newspapers. Dow Jones is co-owner of the CNBC television operations in Asia and Europe, and also provides news content to CNBC in the U.S.