AIG Vice Chairman Edward Matthews to Speak At Putnam Lovell Financial Services Conference.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 27, 2001

American International Group, Inc. (AIG) Vice Chairman Edward E. Matthews will speak at the Putnam Lovell Financial Services Conference on Tuesday, April 3, 2001 at 3:30 PM EST. Mr. Matthews' presentation can be heard live by logging onto the Conference website at:

www.PutnamLovell.com

For those unable to listen to the live webcast, Mr. Matthews' presentation will be available on the same website.

It should be noted that Mr. Matthews' remarks may contain forward-looking statements. AIG refers you to the AIG Quarterly Report on Form 10-Q for the quarter-ended September 30, 2000 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 obligations to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.