Item 1.01. Entry into a Material Definitive Agreement.
On October 8, 2008, American International Group, Inc. ("AIG") announced that certain of its domestic life insurance subsidiaries had entered into a securities lending agreement (the "Securities Lending Agreement") with the Federal Reserve Bank of New York ("New York Fed"). Under the Securities Lending Agreement, the New York Fed will borrow, on an overnight basis, investment grade fixed income securities from these AIG subsidiaries in return for cash collateral. AIG understands that the New York Fed is prepared to borrow securities to extend AIG's currently outstanding lending obligations where those obligations are not rolled over or replaced by transactions with other private market participants. As of October 6, 2008, approximately $37.2 billion of securities were subject to loans under AIG's securities lending program.
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure.

On October 8, 2008, AIG issued a press release, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits.

(d) Exhibit.

Exhibit 99.1 Press Release of American International Group, Inc., dated October 8, 2008.

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