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AMERICAN GENERAL TO REDEEM DEBENTURES

 AMERICAN GENERAL TO REDEEM DEBENTURES
 HOUSTON, Feb. 7 /PRNewswire/ -- American General Corporation


(NYSE: AGC) today announced that it will redeem on April 8, 1992, $48,700,000 principal amount of its 9-3/8 percent debentures due Dec. 15, 2008 at the optional redemption price of 104.14 percent of their principal amount, together with accrued interest to the redemption date of $29.43 per $1000 principal amount.
 The redemption notice for this partial reemption will be mailed on or about March 6, 1992 to the holders of debentures selected for redemption in whole or in part. The record date for selection of debentures to be called for redemption is Feb. 18, 1992. Called debentures should be surrendered as follows:
 In New York:
 Texas Commerce Trust Company of New York
 80 Broad St., 4th Fl.
 New York, New York 10004
 In Houston:
 Texas Commerce Bank N.A.
 811 Rusk, 18th Fl.
 Houston, Texas 77002
 Attn: Bond Paying Agency
 American General is a consumer financial services organization with assets of over $36 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 (AGC) common stock is listed on the New York, Pacific, London and Swiss stock exchanges.
 -0- 2/7/92
 /CONTACT: James S. D'Agostino Jr., senior vice president, administration, or Robert D. Mrlik, 713-831-1137, both of American General/
 (AGC) CO: American General Corporation ST: Texas IN: FIN SU: AH -- NY073 -- 7946 02/07/92 17:00 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 7, 1992
Words:255
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