<SEC-DOCUMENT>0000950123-01-507307.txt : 20011019
<SEC-HEADER>0000950123-01-507307.hdr.sgml : 20011019
ACCESSION NUMBER:		0000950123-01-507307
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20011017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAI DEFERRED COMPENSATION HOLDINGS INC
		CENTRAL INDEX KEY:			0001077584
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-74187-01
		FILM NUMBER:		1761065

	BUSINESS ADDRESS:	
		STREET 1:		70 PINE ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10270
		BUSINESS PHONE:		2127707000

	MAIL ADDRESS:	
		STREET 1:		70 PINE STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10270

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN INTERNATIONAL GROUP INC
		CENTRAL INDEX KEY:			0000005272
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				132592361
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-74187
		FILM NUMBER:		1761064

	BUSINESS ADDRESS:	
		STREET 1:		70 PINE ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10270
		BUSINESS PHONE:		2127707000

	MAIL ADDRESS:	
		STREET 1:		70 PINE STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10270

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN INTERNATIONAL ENTERPRISES INC
		DATE OF NAME CHANGE:	19700507
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>y52030b2e424b2.txt
<DESCRIPTION>PROSPECTUS SUPPLEMENT NO. 2
<TEXT>
<PAGE>
                                           For Filing Pursuant to Rule 424(b)(2)
                                           Registration Statement No. 333-74187
                                                               and 333-74187-01


        Prospectus Supplement No. 2 To Prospectus dated August 19, 1999

                                  $200,000,000

                       Deferred Compensation Obligations

                                       of

                    SAI DEFERRED COMPENSATION HOLDINGS, INC.

                                 Guaranteed by

                       AMERICAN INTERNATIONAL GROUP, INC.

     This prospectus supplement amends pages 3 and 6 of the prospectus, dated
August 19, 1999, by permitting you to change the valuation funds used to measure
the value of your fund account once per business day, subject to completing the
appropriate forms.

     This prospectus supplement also amends the requirements for participation
in the plan described on page 5 of the prospectus to allow you to re-enroll in
the plan after a termination event. So long as you are eligible to participate
in the plan, you may re-enroll in the plan after the occurrence of a termination
event with respect to a particular enrollment period. If you re-enroll in the
plan, SAI Holdings will establish and maintain a distinct and separate account,
comprised of a fund account and an interest account, for you for each enrollment
period. Each new account established under the plan will be treated in the same
manner as your current account.

                                 ______________

Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus supplement is truthful or complete. Any representation to the
contrary is a criminal offense.

                                 ______________

        The date of this prospectus supplement no. 2 is August 1, 2001










</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
