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<TEXT>
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  FORM 8-K

                               CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF
                    THE SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest report): August 29, 2001

                        American General Corporation
             (Exact Name of Registrant as Specified in Charter)

                                   Texas
               (State or Other Jurisdiction of Incorporation)


               001-07981                              74-0483432
       (Commission File Number)           (IRS Employer Identification No.)


                 2929 Allen Parkway
                   Houston, Texas                           77019
      (Address of Principal Executive Offices)           (Zip Code)

     Registrant's telephone number, including area code: (713) 522-1111

                               Not Applicable
       (Former name or former address, if changed since last report)




Item 1.           Change in Control of Registrant.

Item 5.           Other Events.

On August 29, 2001, pursuant to the Agreement and Plan of Merger, dated as
of May 11, 2001 (the "Merger Agreement"), among American General
Corporation, a Texas corporation ("American General"), American
International Group, Inc., a Delaware corporation ("AIG"), and Washington
Acquisition Corporation, a Texas corporation and a direct wholly-owned
subsidiary of AIG ("Merger Sub"), AIG completed its acquisition of American
General. The merger was effected by Merger Sub merging with and into
American General. As a result of the merger, American General will become a
wholly owned subsidiary of AIG. A copy of the Merger Agreement was
previously filed as Exhibit 2.02 to a Current Report on Form 8-K filed on
behalf of American General on May 11, 2001 and is incorporated by reference
herein.

At the effective time, as a result of the merger, each share of American
General common stock, par value $0.50, issued and outstanding prior to the
effective time of the merger other than the Excluded Shares (as defined in
the Merger Agreement) was converted into the right to receive 0.5790 of a
share of AIG common stock, par value $2.50. The relevant shares of AIG
common stock were issued pursuant to a Registration Statement on Form S-4
filed by AIG with the Securities and Exchange Commission, which became
effective on June 22, 2001.

The merger is intended to qualify as a reorganization under the provisions
of Section 368(a) of the Internal Revenue Code of 1986, as amended, and the
rules and regulations promulgated thereunder. AIG accounted for the merger
as a "pooling of interests" under United States generally accepted
accounting principles.

On August 29, 2001, a press release was issued announcing the effectiveness
of the merger. A copy of the press release is filed herewith as Exhibit
99.1 and is incorporated by reference herein.

Item 7.           Financial Statements, Pro Forma Financial Information and
                  Exhibits.

                  (a)      Financial Statements of Business Acquired
                           Not applicable.

                  (b)      Pro Forma Financial Information
                           Not applicable.

                  (c)      Exhibits

                           Exhibit No.   Description

                           99.1          Press Release, dated August 29, 2001,
                                         announcing effectiveness of the merger.



                                 SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: August 29, 2001
                                     American General Corporation


                                     By:/s/    Mark S. Berg
                                        ----------------------------------
                                        Name:  Mark S. Berg
                                        Title: Executive Vice President,
                                               General Counsel and Corporate
                                               Secretary




</TEXT>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>spress.txt
<DESCRIPTION>EX-99
<TEXT>

                                                                Exhibit 99.1
Press Release



Contact:          Joe Norton (News Media)
                  212/770-3144

                  Charlene Hamrah (Investment Community)
                  212/770-7074

           AIG ANNOUNCES CLOSING OF AMERICAN GENERAL ACQUISITION

           NEW YORK, August 29, 2001 - American International Group, Inc.
(AIG) announced today the closing of its acquisition of American General
Corporation (American General).

           Based on today's closing date, American General shareholders
will receive 0.5790 of a share of AIG common stock in exchange for each
share of American General common stock.

           Commenting on the announcement, AIG Chairman M.R. Greenberg
said, "We are pleased to have American General as a member of the AIG
family. This acquisition represents an excellent strategic fit that creates
new opportunities for both organizations, benefiting our customers and
shareholders. American General joins the leading U.S.-based international
insurance and financial services organization, and the largest underwriter
of commercial insurance in the United States. AIG is also the leading
international life and general insurance organization, and the addition of
American General will significantly expand AIG's domestic life business.

           "In addition to its U.S. life insurance business, American
General brings a strong asset accumulation and retirement savings business
that complements our existing retirement savings business through
SunAmerica. AIG is now one of the largest retirement savings providers, and
we have an even stronger platform to capitalize on the significant growth
we see for this global business in the years ahead. Also, American
General's U.S. consumer lending business will add to the overall scope of
AIG's growing worldwide consumer finance business.

           "Over the past few months, AIG and American General have
initiated extensive studies to identify and plan for revenue enhancement
programs. We will begin immediately to implement these programs and are
enthusiastic about realizing the benefits of bringing American General into
the AIG family. We expect this acquisition to be accretive to AIG's earnings."

           The closing today is consistent with the prior disclosure by AIG
and American General of their intent to close the transaction as soon as
possible after the approval by American General shareholders and various
regulatory agencies. The final approval, from the Texas Department of
Insurance, was received yesterday, August 28.

           In addition, AIG announced that its Board of Directors has
revoked its previously existing authorization to purchase AIG common stock
in the open market.

                                # # #

           AIG is the leading U.S.-based international insurance and
financial services organization and the largest underwriter of commercial
and industrial insurance in the United States. Its member companies write a
wide range of commercial, personal and life insurance products through a
variety of distribution channels in approximately 130 countries and
jurisdictions throughout the world. AIG's global businesses also include
financial services and asset management, including aircraft leasing,
financial products, trading and market making, consumer finance,
institutional, retail and direct investment fund asset management, real
estate investment management, and retirement savings products. American
International Group, Inc.'s common stock is listed on the New York Stock
Exchange, as well as the stock exchanges in London, Paris, Switzerland and
Tokyo.

                                # # #




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