FWP
 

Filed Pursuant to Rule 433
Dated November 20, 2007
Registration Nos. 333-106040; 333-143992

November 20, 2007

AMERICAN INTERNATIONAL GROUP, INC.

Floating Rate LIBOR Notes due November 27, 2047

         
Issuer:
   American International Group, Inc.
 
    
Security:
   Floating Rate Notes due November 27, 2047 (series AIG-FP)
 
    
CUSIP:
   02687QDC9
 
    
Note Type:
   Senior unsecured, SEC registered
 
    
Trade Date:
   November 20, 2007
 
    
Settlement Date (T+4):
   November 27, 2007
 
    
Maturity Date:
   November 27, 2047
 
    
Aggregate Principal Amount Offered:
   $35,433,000.00 
 
    
Price to Public (Issue Price):
   100% 
 
    
Underwriting Discount (Gross Spread):
   1.00% 
 
    
All-in Price (Net of Underwriting Discount):
   99.00% 
 
    
Net Proceeds:
   $35,078,670.00
 
    
Interest Rate:
   Three-month LIBOR -- 0.25%
 
    
Interest Reset Period:
   Quarterly
 
    
Interest Rate Reset:
   2 London business days preceding each applicable Interest Reset Date
 
    
Interest Payment Dates:
   February 27, May 27, August 27 and November 27, commencing on February 27, 2008
 
        
Interest Reset Date:
   First day of each calculation period
 
    
Day Count:
   Actual/360

 

         
Calculation Agent:
   AIG Financial Products Corp.
 
    
Form:
   DTC, Book-entry
 
    
Initial Interest Rate:
   Reuters LIBOR01 - 0.25%, LIBOR to be determined as of 11:00am on
November 23, 2007
 
    
Denominations:
   Minimum of $1,000 with increments of $1,000 thereafter; each owner of
 
   a beneficial interest in a Note will be required to hold such
 
   beneficial interest in a minimum principal amount of $1,000
 
    
Redemption:
   The notes will be redeemable, in whole or in part, at the option of
 
   the Issuer, upon written notice of a minimum of 30 and a maximum of 60
 
   calendar days, on each of the redemption dates and at the
 
   corresponding redemption prices (in each case expressed as a
 
   percentage of the principal amount) set forth in the following table,
 
   together with any accrued interest to the redemption date:
 
    
 
   Redemption Date                      Redemption Price
 
    
 
   November 27, 2037 .................. 105.00%
 
   November 27, 2038 .................. 104.50%
 
   November 27, 2039 .................. 104.00%
 
   November 27, 2040 .................. 103.50%
 
   November 27, 2041 .................. 103.00%
 
   November 27, 2042 .................. 102.50%
 
   November 27, 2043 .................. 102.00%
 
   November 27, 2044 .................. 101.50%
 
   November 27, 2045 .................. 101.00%
 
   November 27, 2046 .................. 100.50%
 
    
Repayment:
   The notes will be repayable, in whole or in part, at the option of the
 
   holder, upon written notice of a minimum of 30 and a maximum of 60
 
   calendar days, on each of the repayment dates and at the corresponding
 
   repayment prices (in each case expressed as a percentage of the
 
   principal amount) set forth in the following table, together with any
 
   accrued interest to the repayment date:
 
   Redemption Date                      Redemption Price
 
   November 27, 2008 ................... 97.50%
 
   November 27, 2009 .................. 97.50%
 
   November 27, 2010 ................... 97.75%
 
   November 27, 2011 ................... 98.00%
 
   November 27, 2012 .................. 98.00%
 
   November 27, 2013 ................... 98.25%
 
   November 27, 2014 ................... 98.50%
 
   November 27, 2015 ................... 98.50%

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   November 27, 2016 ................... 98.75%
 
   November 27, 2017 ................... 99.00%
 
   November 27, 2018 ................... 99.00%
 
   November 27, 2019 ................... 99.25%
 
   November 27, 2020 ................... 99.50%
 
   November 27, 2021 ................... 99.50%
 
   November 27, 2022 ................... 99.75%
 
   November 27, 2023 and each November 27 thereafter to,
and including, maturity ... 100.000%
 
 
   
In the event that a date in the table above is not a business day, the repayment date will be
   
the next succeeding business day
   
 
Business Day:   
New York
   
 
ERISA Considerations:   The Notes may not be purchased or held by any employee benefit plan or other plan or account that is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code (each, a “plan”), or by any entity whose underlying assets include “plan assets” by reason of any plan’s investment in the entity (a “plan asset entity”), unless in each case the purchaser or holder is eligible for exemptive relief from the prohibited transaction rules of ERISA and Section 4975 of the Code under a prohibited transaction class exemption issued by the Department of Labor or another applicable statutory or administrative exemption. Each purchaser or holder of the Notes will be deemed to represent that either (1) it is not a plan or plan asset entity and is not purchasing the Notes on behalf of or with plan assets or (2) with respect to the purchase and holding, it is eligible for relief under a prohibited transaction class exemption or other applicable statutory or administrative exemption from the prohibited transaction rules of ERISA and Section 4975 of the Code.
     
Underwriters:   UBS Securities LLC ................... $30,933,000.00
    Morgan Stanley & Co Inc. ......... $2,800,000.00
    JP Morgan Securities Inc. .......... $1,700,000.00

  The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling UBS Securities LLC collect at 212-821-3884, JP Morgan Securities Inc. collect at 212-834-4533, Morgan Stanley & Co Inc. collect at 866-718-1649

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