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AIG DECLARES 3-FOR-2 COMMON STOCK SPLIT AND RAISES QUARTERLY COMMON STOCK DIVIDEND

 NEW YORK, May 12 /PRNewswire/ -- The Board of Directors of American International Group, Inc. (AIG) (NYSE: AIG) today declared a three-for- two split of the company's common stock in the form of a 50 percent common stock dividend. The dividend is payable on July 30, 1993 to shareholders of record on July 2, 1993.
 The board also declared a quarterly cash dividend on the new shares of $.10 per share, payable on Sept. 17, 1993 to shareholders of record on Sept. 3, 1993. This represents a 7.1 percent increase in the quarterly cash dividend on AIG common stock.
 AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. 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.
 -0- 5/12/93
 /CONTACT: Charlene Hamrah, (investors), 212-770-7074 or Joe Norton, media, 212-770-3144, both of AIG/
 (AIG)


CO: American International Group, Inc. ST: New York IN: INS SU:

WB -- NY058 -- 7570 05/12/93 12:17 EDT
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Publication:PR Newswire
Date:May 12, 1993
Words:215
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