SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* WALSH NICHOLAS C (Last) (First) (Middle) AMERICAN INTERNATIONAL GROUP, INC. 70 PINE STREET (Street) NEW YORK NY 10270 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/21/2005	3. Issuer Name and Ticker or Trading Symbol AMERICAN INTERNATIONAL GROUP INC [ (AIG) ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	31,460	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	12/11/2000(1)	12/11/2006	Common Stock	2,952	25.9852	D
Employee Stock Option (Right to Buy)	12/08/2001(1)	12/08/2007	Common Stock	2,109	37.8667	D
Employee Stock Option (Right to Buy)	12/14/2002(1)	12/14/2008	Common Stock	1,500	46.5333	D
Employee Stock Option (Right to Buy)	09/15/2003(1)	09/15/2009	Common Stock	1,275	60.125	D
Employee Stock Option (Right to Buy)	12/14/2004(1)	12/14/2010	Common Stock	1,250	96.5625	D
Employee Stock Option (Right to Buy)	12/13/2005(2)	12/13/2011	Common Stock	2,500	79.61	D
Employee Stock Option (Right to Buy)	12/16/2006(3)	12/16/2012	Common Stock	10,000	61.3	D
Employee Stock Option (Right to Buy)	02/10/2007(3)	02/10/2013	Common Stock	10,000	47	D
Employee Stock Option (Right to Buy)	12/17/2007(3)	12/17/2013	Common Stock	12,000	63.95	D
Employee Stock Option (Right to Buy)	12/16/2008(3)	12/16/2014	Common Stock	15,000	64.47	D
Employee Stock Option (Right to Buy)	09/01/2009(3)	09/01/2015	Common Stock	25,000	59.35	D

Explanation of Responses:

1. These options were granted under the American International Group, Inc. 1996 United Kingdom 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.

2. These options were granted under the American International Group, Inc. 1999 United Kingdom 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.

3. These options were granted under the American International Group, Inc. Amended and Restated 1999 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.

Remarks:

	/s/ Walsh, Nicholas C.	09/26/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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