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AIG TRADING GROUP NAMES ANTHONY J. GORDON EXECUTIVE VICE PRESIDENT

NEW YORK, November 7, 2002 – AIG Trading Group Inc. (AIG Trading), a member company of American International Group, Inc. (AIG), has announced that it has named Anthony J. Gordon Executive Vice President and head of Global Energy at AIG Trading. Mr. Gordon will join the Management Committee of AIG Trading and will be based in Greenwich, Connecticut reporting to John J. Finigan, President and CEO of AIG Trading.

Mr. Gordon will be responsible for establishing AIG Trading's global energy merchant businesses by building a client driven franchise which will provide both physical and financial risk management solutions to global energy producers, consumers, and distributors.

Mr. Gordon joins AIG Trading from Goldman Sachs where he was a Managing Director. Mr. Gordon was most recently responsible for Goldman Sachs' European Power and Natural Gas merchant /principal activities. Prior to that position, Mr. Gordon was responsible for building Goldman Sachs' North American power and merchant fuels businesses, including Constellation Power Source.

Mr. Gordon earned a Bachelor of Arts from Amherst College and a Masters from Yale University.

Commenting on Mr. Gordon's appointment, William N. Dooley, AIG Senior Vice President, Financial Services said, "We are very pleased to have Tony lead this important strategic initiative to build a client franchise in the energy markets.”

AIG Trading Group Inc., through its subsidiaries, engages in trading and market making in foreign exchange, emerging markets, precious and base metals, energy products and commodity indices. AIG Trading provides highly personalized customer service and creates innovative risk management products for multinational corporations, financial institutions, commercial producers and users, institutional investors and sovereign entities. AIG Trading's breadth of services includes currency and commodities prime brokerage, client-tailored backoffice support, and access to e-commerce trading portals and insightful political-economic research from leading figures in the financial services industry. AIG Trading operates through a worldwide network of offices including its Greenwich, Connecticut headquarters, London, Paris, and Singapore. For further information regarding AIG Trading, contact Beth Cutler, Director of Corporate Marketing, at 203-861-3804 or bcutler@aigtrading.com.

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:
Joe Norton
Director of Public Relations
212/770-3144