Summary of AMERICAN INTERNATIONAL GROUP INC

Item 1.01. Entry into a Material Definitive Agreement

Attached as Exhibit 10.1 to this Form 8-K/A is the Shortfall Agreement, dated as of November 25, 2008, and as amended as of December 18, 2008 (the "Amended Shortfall Agreement"), between Maiden Lane III LLC and AIG Financial Products Corp., with certain portions of Schedule A redacted.
AIG is also providing below supplemental information derived from Schedule A to the Amended Shortfall Agreement regarding the aggregate notional value, aggregate total collateral posted and aggregate negative mark to market with respect to the credit default swaps relating to multi-sector collateralized debt obligations entered into with each of the counterparties listed in Schedule A to the Amended Shortfall Agreement (or in certain cases, the entities that sponsored, were related to or otherwise benefited through, the counterparties listed in Schedule A to the Amended Shortfall Agreement).

                                                                                                                   Aggregate
                                                                Aggregate              Aggregate Total             Negative
Institution                                                   Notional Value          Collateral Posted         Mark to Market
Deutsche Bank                                                $  8,518,356,966        $     5,715,341,619        $ 3,644,691,001
Landesbank Baden-Wuerttemberg (George Quay)                  $     89,034,985        $                 0        $    40,937,631
Wachovia                                                     $    926,335,734        $       164,607,606        $   404,018,461
Calyon                                                       $  4,323,637,555        $     3,128,037,164        $ 2,413,600,219
Rabobank                                                     $    649,590,459        $       336,620,199        $   362,881,964
Goldman Sachs                                                $ 13,978,535,327        $     8,422,666,771        $ 7,998,529,640
Société Générale                                             $ 16,424,803,684        $     9,568,581,132        $ 8,390,548,571
Merrill Lynch                                                $  6,223,719,622        $     3,110,396,153        $ 3,398,791,448
Bank of America                                              $    772,111,117        $       267,404,090        $   396,835,377
The Royal Bank of Scotland                                   $  1,131,034,073        $       624,290,063        $   601,061,184
HSBC Bank USA                                                $    155,675,217        $       149,724,900        $   131,700,553
Deutsche Zentral-Genossenschaftsbank (Coral Purchasing)      $  1,795,127,468        $       818,267,668        $   993,019,847
Dresdner Bank AG (ReMo Finance Inc.)                         $    398,443,938        $                 0        $   169,597,157
UBS                                                          $  3,833,585,715        $     1,306,638,258        $ 1,977,043,626
Barclays (BGI Cash Equivalent Fund II and Barclays)          $  1,537,250,236        $       889,155,039        $   976,019,953
Bank of Montreal                                             $  1,372,477,391        $       503,719,529        $   644,506,924

Item 9.01. Financial Statements and Exhibits

   (d) Exhibits

 Exhibit Number        Description
          10.1         Shortfall Agreement, dated as of November 25, 2008, and as amended as
                       of December 18, 2008, between Maiden Lane III LLC and AIG Financial
                       Products Corp. (portions of the exhibit have been redacted pursuant to
                       a request for confidential treatment)