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AIG VICE CHAIRMAN HOWARD SMITH TO SPEAK AT STANDARD & POOR'S INSURANCE 2003 SEMINAR ON JUNE 3
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NEW YORK--May 28, 2003--American International Group, Inc. (AIG) Vice Chairman, Chief Financial Officer and Chief Administrative Officer Howard I. Smith will speak at the Standard & Poor's Insurance 2003 Seminar on Tuesday, June 3 at 11:00 a.m. EDT.

A live, audio-only webcast of Mr. Smith's presentation will be available at the following URL:

http://www.visualwebcaster.com/event.asp?id=15211

A replay will be available at the same URL through June 10.

It should be noted that Mr. Smith's remarks may contain forward-looking statements. Please refer to the AIG Quarterly Report on Form 10-Q for the quarter ended March 31, 2003 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 companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. 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.

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

SOURCE: American International Group, Inc.