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AIG JUNE 18 INVESTOR MEETING TO BE WEBCAST

NEW YORK, Jun 12, 2002 -- American International Group, Inc. (AIG) is providing a live audio-only webcast of its Investor Meeting on Tuesday, June 18, 2002.

The morning sessions will begin at 8:45 a.m. EDT with opening remarks from AIG Chairman M. R. Greenberg, followed by presentations by AIG senior management concluding at 12:30 p.m. The afternoon sessions begin at 2:00 p.m. EDT, ending at approximately 5:00 p.m.

The webcast and a schedule of presenters will be available at the following URL:

www2.aigwebcast.com

A replay of the webcast will be available at the same URL through July 8.

It should be noted that the remarks made by AIG representatives at AIG's Investor Meeting may contain forward-looking statements. Please refer to the AIG Quarterly Report on Form 10-Q for the quarter ended March 31, 2002 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 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: American International Group, Inc.
Investment Community:
Charlene Hamrah, 212/770-7074
News Media:
Joe Norton, 212/770-3144