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NEW YORK, May 11, 2001 – American International Group, Inc. (AIG) Chairman M. R. Greenberg will speak at the Goldman Sachs Financial Services Conference in New York on Monday, May 14 at 11:00 AM EDT. Mr. Greenberg’s presentation can be listened to live by logging on to the following URL:

Username:     conference/conf9
Password:     finance

For those unable to listen to Mr. Greenberg’s live presentation, a webcast replay will be available on the same website beginning 24 hours after the conference.

It should be noted that Mr. Greenberg’s remarks may contain forward-looking statements. These forward-looking statements may include, without limitation, statements regarding the financial conditions, results of operations and businesses of AIG and American General Corporation, as well as the consolidation of American General into AIG and the expected timing and benefits of the acquisition. While these forward-looking statements represent AIG’s judgments and future expectations concerning the development of AIG’s business and the timing and benefits of the acquisition, a number of risks, uncertainties, and other important factors could cause actual developments and results to differ materially from AIG’s expectations. These factors include, but are not limited to, those set forth in AIG’s 2000 Annual Report on Form 10-K and American General’s 2000 Annual Report on Form 10-K, as well as the failure of the American General shareholders to approve the transaction; the risk that American General’s business will not be successfully integrated into AIG; the costs related to the transaction; the inability to obtain or meet conditions imposed for governmental approvals for the transaction; the risk that anticipated synergies will not be obtained or not obtained within the time anticipated; and other key factors that AIG has indicated could adversely affect its business and financial performance contained in past and future filings and reports, including those filed with the United States Securities and Exchange Commission (the “SEC”).

More detailed information about those factors is set forth in filings made by AIG and American General with the SEC. Neither AIG nor American General is under any obligation to (and expressly disclaims any such obligations to) update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.

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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.