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AIG ESTABLISHES INVESTOR HELP DESK

NEW YORK----May 21, 2002--American International Group, Inc. (AIG) announced today that it has established an Investor Help Desk, dedicated to responding to the needs of individual, as well as institutional, investors.

Investors with questions about AIG's business operations and results can dial 212-770-6580 to speak to AIG's investor relations professionals. The Investor Help Desk will be staffed in New York and available throughout normal business hours, Eastern Time.

As part of establishing the Investor Help Desk, AIG is adding resources to its investor relations department. AIG investor relations professionals will work closely with experts throughout all of AIG's lines of business who have specific responsibility for providing rapid responses to investor questions.

AIG Chairman M. R. Greenberg said: "We want to ensure that all of our investors have ready access to reliable information about our company. In the current environment, rumor, innuendo and other misinformation circulated by various sources can generate unwarranted concerns. AIG has always made public a tremendous amount of information about its operations and performance. By augmenting our investor relations function and encouraging investors to utilize our new Investor Help Desk, we can provide investors with this sound and accurate information and a deeper understanding of our business. This effort, in conjunction with the added public disclosure we have been providing on a quarterly basis, should give both professional and individual investors even greater confidence in our strong financial position, the integrity of our financial disclosure and the unparalleled value of our global franchise."

AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial and industrial insurance in the United States, and among the top-ranked U.S. life insurers. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Contact: AIG, New York
(Investment Community)
Charlene Hamrah, 212/770-7074
or (News Media)
Joe Norton, 212/770-3141