Richard A. Hollar Named President and CEO of All American Life.

HOUSTON--(BUSINESS WIRE)--Dec. 17, 1998--American General Life Companies (AGLC) today announced that Richard A. Hollar has been named president and chief executive officer of All American Life Insurance Company. Hollar, 51, also retains his responsibilities as president and chief executive officer of The Old Line Life Insurance Company of America, and will lead a newly formed management unit that combines All American Life's and Old Line Life's brokerage and independent marketing organization distribution channels.

In commenting on the announcement, Rodney O. Martin, Jr., chairman and chief executive officer of AGLC, said, "We are fortunate to have an executive of Rick Hollar's caliber to assume the leadership of All American Life. Rick has the talent -- and 28 years of experience in the financial services industry -- to guide both All American and Old Line as they drive to meet the needs of our clients in today's dynamic marketplace."

The new management unit, American General Life Brokerage Group, will bring together 50,000 All American Life and Old Line Life agents. With projected 1999 sales of more than $100 million in life premium, American General Life Brokerage Group will rank as a major player in the brokerage and independent marketing organization distribution channels.

Hollar joined American General in 1970 and has served in several key executive positions. He was named president and chief executive officer of Old Line Life in September 1997.

Hollar holds a bachelor of business administration degree from The University of Texas at Austin. He is a Chartered Life Underwriter (CLU) and a LIMRA Leadership Institute Fellow (LLIF).

All American Life and Old Line Life are part of the Life Division of American General Corporation (NYSE:AGC). American General Corporation is one of the nation's largest diversified financial services organizations, with assets of $102 billion and market capitalization of $19 billion. The life companies market life insurance and annuities through independent producers and general agents, and include the following affiliates: All American Life Insurance Company, The American Franklin Life Insurance Company, American General Life Insurance Company, American General Life Insurance Company of New York, American General Life and Accident Insurance Company, The Franklin Life Insurance Company, The Old Line Life Insurance Company of America, The United States Life Insurance Company in the City of New York and American General Assurance Company. Combined, the companies have approximately $35.5 billion in assets as of Sept. 30, 1998.