Other Investment Division Senior Management Appointments Announced

    HOUSTON, Nov. 18 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that it will elect Richard W. Scott executive vice president
and chief investment officer, following the completion of American General's
acquisition of Western National Corporation (NYSE: WNH).  The transaction is
expected to be completed in January 1998.
    Scott, who currently serves as vice chairman, general counsel, and chief
investment officer of Western National, will succeed Peter V. Tuters as
American General's chief investment officer, and will have responsibility for
the company's portfolio of invested assets, which will exceed $60 billion upon
completion of the Western National transaction.  He will report to the office
of the chairman.  Tuters will continue to serve as senior vice president -
investments, with responsibility for investment trading and portfolio
management.  In a related action, Julia S. Tucker has been named senior vice
president - investments.  In addition to her current responsibilities for
research and private placements, she is responsible for American General's
mortgage lending operations.
    In commenting on the announcement, Robert M. Devlin, chairman and chief
executive officer of American General, said, "We are pleased to have Richard
join American General's senior management team.  His success in managing
Western National's investment portfolio, coupled with his in-depth knowledge
of our industry and American General, will serve the organization well during
this dynamic period of growth and opportunity in the financial services
industry.  We also are pleased to recognize the outstanding contribution Julia
has made to American General and are confident that her corporate investment
expertise will help ensure continued success in her expanded role."
    Scott, 44, has served as Western National's executive vice president,
general counsel, chief investment officer, and a member of its board of
directors since joining the company in February 1994.  He was elected vice
chairman of Western National in July 1996.  Prior to joining Western National,
Scott was in private practice for 17 years, with the last nine years at the
Houston-based law firm of Vinson and Elkins, L.L.P.  Scott served as partner-
in-charge of Vinson and Elkins' account with American General and advised the
company principally on corporate finance and mergers and acquisitions.  A
native of New York City, he received his B.A. degree in economics from Duke
University in 1974 and is a member of Phi Beta Kappa.  He earned his J.D.
degree from Duke University Law School in 1977.
    Tuters, 45, joined American General as senior vice president - investments
in 1992 and was elected to the additional post of chief investment officer in
1993.  He joined American General from Crown Life Insurance Company, where he
served in investment management positions for more than 15 years.  A native of
Toronto, Canada, he received his B.A. degree in commerce and economics from
the University of Toronto in 1975.  Tuters is also a Certified Financial
Analyst (CFA) and a Fellow, Life Management Institute (FLMI).
    Tucker, 49, joined American General in 1984 as vice president -
investments with responsibility for managing the company's private placement
investments.  Prior to joining American General, she was vice president and
manager of the Houston regional corporate finance office of The Equitable Life
Assurance Society of the U.S.  A native of San Antonio, Texas, she received
her B.A. degree in economics from The University of Texas in 1970 and is a
member of Phi Beta Kappa.  Tucker earned her M.B.A. degree from Columbia
University Graduate School of Business in 1974.
    Western National Corporation, headquartered in Houston, is the parent of
Western National Life Insurance Company.  With assets of $11 billion, Western
National Life is one of the largest life insurance companies in the United
States, and is a leading provider of retirement annuity products.
    On September 12, 1997, American General announced a definitive agreement
to acquire the remaining 54% of Western National's common stock for a total
consideration of $1.2 billion in cash and American General common stock.
American General currently owns 46% of Western National's common stock.
    American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $79 billion and shareholders'
equity of $7.3 billion.  Headquartered in Houston, it is a leading provider of
retirement services, life insurance, and consumer loans to 12 million
customers.  American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.

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