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NEW YORK, May 8, 2003 -- American International Group, Inc. (AIG) Chairman M. R. Greenberg will speak at the Goldman Sachs Financial Services Conference on Tuesday May 13th at 9:00 a.m. EDT.

An audio webcast of Mr. Greenberg's presentation will be available at the following URL: http://customer.ibeam.com/GOLD006/051303a_by/default.asp?entity=aig

The presentation will be archived at the same URL through Tuesday, May 20, 2003.

It should be noted that Mr. Greenberg's remarks may contain forward-looking statements. Please refer to the AIG Annual Report on form 10-K for the year ended December 31, 2002 and its past and future filings and reports filed with the Securities and Exchange Commission 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.

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG is the largest underwriter of commercial and industrial insurance and a top-ranked life insurer through AIG American General. 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. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement savings businesses through AIG SunAmerica and AIG VALIC, 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.

SOURCE: American International Group, Inc.

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