Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 12, 2008, the Board of Directors of American International Group, Inc. ("AIG") elected Dennis D. Dammerman a Director of AIG. Mr. Dammerman has been named to the Compensation and Management Resources Committee and the Finance Committee of the Board of Directors of AIG.
Mr. Dammerman is currently Chairman of the Board of Directors of Discover Financial Services, Lead Director of Capmark Financial Group Inc. and a Director of BlackRock, Inc. He retired in 2005 as GE Vice Chairman of the Board and Executive Officer, and a member of the Corporate Executive Office. A copy of the press release announcing Mr. Dammerman's election is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1 Press Release of American International Group, Inc., dated November 12, 2008.

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