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AMERICAN INTERNATIONAL GROUP, INC. DECLARES QUARTERLY COMMON STOCK DIVIDEND

NEW YORK, September 15, 1999 – The Board of Directors of American International Group, Inc. (AIG) today declared a quarterly cash dividend of $.05 per share on the company's common stock, payable on December 16, 1999 to shareholders of record on December 2, 1999.

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AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial lines insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services and investment management 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.