SCHEDULE 14A INFORMATION
                              EXCHANGE ACT OF 1934
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AMERICAN BANKERS INSURANCE GROUP, INC. - -------------------------------------------------------------------------------- (Name of Registrant as Specified in its Charter) AMERICAN INTERNATIONAL GROUP, INC. - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No Fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11: (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which the transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [ ] Fee paid previously with preliminary materials. 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(1) Amount Previously Paid: ------------------------------------------------------------------------ (2) Form, Schedule or Registration Statement No.: ------------------------------------------------------------------------ (3) Filing Party: ------------------------------------------------------------------------ (4) Date Filed: ------------------------------------------------------------------------ 2 On February 10, 1998, American International Group, Inc. and AIGF, Inc. filed the following Supplemental Motion and Memorandum of Law in Support of their Motion to Dismiss the Amended Complaint of Cendant Corporation with the United States District Court for the Southern District of Florida. 3 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA MIAMI DIVISION CENDANT CORPORATION; and SEASON ACQUISITION CORP., Plaintiffs, Case No. 98-0159-CIV-MOORE v. Magistrate Judge Johnson AMERICAN BANKERS INSURANCE GROUP, INC.; GERALD N. GASTON; R. KIRK LANDON; EUGENE M. MATALENE, JR.; ARMANDO CODINA; PETER J. DOLARA; JAMES F. JORDEN; BERNARD P. KNOTH; ALBERT H. NAMAD; NICHOLAS J. ST. GEORGE; ROBERT C. STRAUSS; GEORGE E. WILLIAMSON II; DARYL L. JONES; NICHOLAS A. BUONICONTI; JACK F. KEMP; AMERICAN INTERNATIONAL GROUP, INC.; and AIGF, INC., Defendants. - ------------------------------------------/ SUPPLEMENTAL MOTION AND MEMORANDUM OF LAW IN SUPPORT OF DEFENDANTS AMERICAN INTERNATIONAL GROUP, INC. AND AIGF, INC. TO DISMISS THE AMENDED COMPLAINT 1. On February 3, 1998, defendant American International Group, Inc. ("AIG") filed a motion to dismiss the Amended Complaint ("AIG Motion") on the grounds that (i) plaintiffs had failed to state a claim under the federal securities laws (Fifth, Sixth and Seventh Claims for Relief), and (ii) the state law claim of civil conspiracy to breach fiduciary duties (Fourth Claim for Relief) should be dismissed because the court lacked diversity jurisdiction once the federal claims were dismissed. 2. On February 9, 1998, defendants American Bankers and its board of directors (collectively, "American Bankers Defendants") filed a motion to dismiss the Amended Complaint on the grounds that, among other things, the breach of fiduciary duty claims (First, 4 Second and Third Claims for Relief) fail to state a claim and fail to meet the requirements of Fed. R. Civ. P. 23.1. 3. Defendants AIG and AIGF, Inc. ("AIGF") hereby join in the motion of the American Bankers Defendants and supplement the AIG Motion to seek dismissal of all claims asserted against AIGF. If the American Bankers Defendants' motion is granted, as AIG and AIGF believe it should be, it provides an independent and additional basis to dismiss the civil conspiracy claim asserted against AIG and AIGF (Fourth Claim for Relief). It is well established that a claim for aiding and abetting a breach of fiduciary duty -- or conspiring with others to breach fiduciary duties -- must fail absent a finding that there was a primary breach of fiduciary duty. Balcor Property Management, Inc. v. Ahronovitz, 634 So.2d 277, 279 (Fla. 4th Dist. 1994) (underlying act had to be actionable before cause of action for civil conspiracy could be maintained); AmeriFirst Bank v. Bomar, 757 F. Supp 1365, 1380 (S.D. Fla. 1991) (claim for aiding and abetting breach of fiduciary duty requires fiduciary duty on part of wrongdoer and breach of this fiduciary duty). WHEREFORE, AIG and AIGF move this Court for an order dismissing the Amended Complaint in its entirety. Respectfully submitted, STEEL HECTOR & DAVIS LLP 200 South Biscayne Boulevard Miami, Florida 33131-2398 (305) 557-2957 Telephone (305) 577-7001 Facsimile Of Counsel: Richard H. Klapper By:________________________________ Tariq Mundiya Lewis F. Murphy, P.A. Stephanie G. Wheeler Florida Bar No. 308455 SULLIVAN & CROMWELL 125 Broad Street Attorneys for Defendants New York, New York 10004 American International Group, Inc. (212) 558-4000 Telephone and AIGF, Inc. (212) 558-3588 Facsimile -2- 5 CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing Supplemental Motion and Memorandum of Law in Support of Defendants American International Group, Inc. and AIGF, Inc. to Dismiss the Amended Complaint was served on the ____ day of February , 1998 via facsimile and U.S. Mail to the following: Jill S. Abrams, Esquire Abbey Gardy & Squitieri 212 East 39th Street New York, New York 10016 Jonathan L. Freedman, Esquire Robert C. Myers, Esquire Dewey Ballantine LLP 1301 Avenue of the Americas New York, New York 10019-6092 Jonathan J. Lerner, Esquire Samuel Kadet, Esquire Seth M. Schwartz, Esquire Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 Michael J. Pucillo, Esquire Wendy Zoberman, Esquire Burt & Pucillo, LLP 222 Lakeview Avenue Suite 300 East West Palm Beach, Florida 33401 Jules Brody, Esquire Stull, Stull & Brody 6 East 45th Street Suite 500 New York, New York 10017 -3- 6 Robert C. Susser, Esquire Robert C. Susser, P.C. 6 East 43rd Street Suite 1900 New York, New York 10017-4609 and via hand delivery and U.S. mail to the following: Josephine Cicchetti, Esquire Franklin G. Burt, Esquire Jorden Burt Berenson & Johnson LLP 777 Brickell Avenue Suite 500 Miami, Florida 33131 Robert T. Wright, Jr., Esquire Shutts & Bowen LLP 1500 Miami Center 201 South Biscayne Boulevard Miami, Florida 33131 George G. Mahfood, Esquire Leesfield, Leighton, Rubio & Mahfood, P.A. 2350 South Dixie Highway Miami, Florida Peter H. Rachman, Esquire Emily C. Komlossy, Esquire Goodkind Labaton Rudoff & Sucharow LLP 200 South Biscayne Boulevard Suite 2100 Miami, Florida 33131 ___________________________________ -4-