X0201 4 2003-11-25 0 0000005272 AMERICAN INTERNATIONAL GROUP INC (AIG) 0001236581 SMITH HOWARD I AMERICAN INTERNATIONAL GROUP, INC. 70 PINE STREET NEW YORK NY 10270 1 1 0 0 Vice Chairman, CFO & CAO Common Stock 2003-11-25 4 M 0 6329 14.0247 A 196269.0000 D Common Stock 2003-11-25 4 M 0 14326 14.0247 A 210595.0000 D Common Stock 355.3100 I By 401(k) Common Stock 18885999.0000 I By Trust Employee Stock Option (Right to Buy) 14.0247 2003-11-25 4 M 0 25312 D 1997-12-13 2003-12-13 Common Stock 25312.0000 0.0000 D On November 25, 2003, Mr. Smith exercised options for 18,983 shares using previously owned shares to pay for options granted pursuant to the 1991 Employee Stock Option Plan. This acquisition reflects the number of options exercised less the 4,657 shares surrendered to purchase the option. The reporting person is a trustee of the C.V. Starr & Co., Inc. Trust (the ''Starr Trust''). The reporting person may be deemed to be the beneficial owner of, and to have a pecuniary interest in, shares of AIG common stock held by the Starr Trust. The reporting person disclaims the beneficial ownership of, and any pecuniary interest in, the shares of AIG common stock held by the Starr Trust. These options were granted under AIG's 1991 Employee Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date of the grant in each of the four years following the grant. By: /s/ Eric N. Litzky, by power of attorney for Howard I. Smith 2003-11-26