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AMERICAN GENERAL ANNOUNCES INCREASED INVESTMENT HOLDINGS

       AMERICAN GENERAL ANNOUNCES INCREASED INVESTMENT HOLDINGS
    HOUSTON, Nov. 13 /PRNewswire/ -- American General Corporation (NYSE: AGC) announced today that it has increased its investment holdings of The Travelers Corporation from 4.9 million to 5.3 million, or 5.1 percent, of the outstanding common shares and, as a result, filed a Schedule 13D with the Securities and Exchange Commission.
    The filing states that "American General considers its beneficial ownership of The Travelers Corporation common shares as an investment in the ordinary course of business and, therefore, does not plan to influence the basic business decisions, or participate in the management, of Travelers."  The filing goes on to state that "American General does plan to review its investment in Travelers on a continuing basis and may from time to time increase or decrease its investment."
    American General is a consumer financial services organization with assets of over $35 billion and equity of $4.3 billion.  Headquartered in Houston, it is one of the nation's leading providers of life insurance, retirement annuities and consumer loans.  American General Corporation common stock is listed on the New York, Pacific, London and Swiss stock exchanges.
    -0-         11/13/91
    /CONTACT:  James S. D'Agostino Jr., 713-831-1224, or Robert D. Mrlik, 713-831-1137, both of American General/
    (AGC) CO:  American General Corporation ST:  Texas IN:  FIN SU: CK -- NY035 -- 3863 11/13/91 10:44 EST
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Publication:PR Newswire
Date:Nov 13, 1991
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