AIG SunAmerica Asset Management Announces Executive Appointments; Names Jim Nichols President and CEO of Fund Distribution Company, and Appoints John Genoy as COO.

JERSEY CITY, N.J. -- AIG SunAmerica Asset Management Corp., the mutual fund and asset management business of AIG Retirement Services, Inc., today announced two senior management appointments: Jim Nichols, previously Senior Vice President of Marketing and Sales, was named President and Chief Executive Officer of the firm's distribution company, AIG SunAmerica Capital Services, Inc. In addition, John Genoy, Senior Vice President and Chief Financial Officer, was named Chief Operating Officer of AIG SunAmerica Asset Management Corp.

Nichols, who has been with AIG SunAmerica Asset Management for 17 years in a variety of management roles, will be responsible for all sales and marketing functions at AIG SunAmerica Capital Services. In commenting on the announcement, AIG SunAmerica Asset Management President and CEO Peter A. Harbeck said, "Jim brings a tremendous wealth of knowledge and experience to his new role at the company. His insights will be invaluable as we continue to grow our organization." Nichols assumes the position previously held by Steve Neamtz, who retired from the firm earlier this year.

Genoy continues in his role as CFO while assuming additional responsibilities as COO of the asset management company. In his new post, Genoy will work on a broad array of issues including strategic planning and corporate development. "I have worked with John for more than 11 years, and believe he brings strong insights and perspective to his new position," said Harbeck. "I look forward to having him take a more active role in managing and growing our firm."

AIG SunAmerica Asset Management Corp. is the mutual fund and asset management business of AIG Retirement Services, Inc. and is a member company of American International Group, Inc. As of June 30, 2006 AIG SunAmerica Asset Management Corp. managed and/or administered nearly $44.7 billion of assets including approximately $10.5 billion in 43 retail mutual funds.

AIG Retirement Services, Inc. (AIGRS), a member company of American International Group, Inc, specializes in retirement savings and investment products and services, including: individual variable and fixed annuities; group retirement products; mutual funds; financial planning; and investment advisory services. AIGRS serves more than five million customers with retirement savings products and services through its vast distribution network of registered representatives, independent broker-dealers, national and regional securities firms, banks and insurance agencies.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.