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AIG TO WEBCAST FOREIGN LIFE INSURANCE AND RETIREMENT SERVICES PRESENTATION ON MAY 25, 2004
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NEW YORK--May 13, 2004--American International Group, Inc. (AIG) will present an overview of its foreign life insurance and retirement services operations on Tuesday, May 25, 2004 at 2:30 p.m. EDT.

A live webcast of the presentation can be accessed at the following URL:

www.aigwebcast.com

A replay will be archived at the same URL through June 4, 2004.

It should be noted that the remarks made by AIG representatives may contain forward-looking statements. Please refer to the AIG Quarterly Report on Form 10-Q for the quarter ended March 31, 2004 and AIG's 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.

AIG is the world's leading international insurance and financial services organization, with operations in more than 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 services 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 services 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.
             Investment Community:
             Charlene Hamrah, 212/770-7074
              or
             News Media:
             Joe Norton, 212-770-3144

    SOURCE: American International Group, Inc.