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AIG CHAIRMAN M. R. GREENBERG TO SPEAK AT BANC AMERICA SECURITIES FINANCIAL SERVICES 2002 CONFERENCE

NEW YORK, Mar 21, 2002 -- American International Group, Inc. (AIG) Chairman M. R. Greenberg will speak at the Banc of America Securities Financial Services 2002 Conference on Tuesday, March 26 at 1:00 PM EST.

A live audio-webcast of Mr. Greenberg's presentation can be accessed at:

http://www.veracast.com/webcasts/BAS/FS-2002/id04206185.cfm
Mr. Greenberg's presentation will be archived at the same URL link through Friday, April 12.

It should be noted that Mr. Greenberg's remarks may contain forward-looking statements. Please refer to the AIG Quarterly Report on Form 10-Q for the quarter ended September 30, 2001 and its past and future filings and reports filed with the SEC for a description of the business environment in which AIG operates and the important factors that may affect its business. AIG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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, personal and life 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.

CONTACT:          American International Group, Inc.
                  Investment Community
                  Charlene Hamrah, 212/770-7074
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                  Joe Norton, 212/770-3144