HOUSTON, July 25 /PRNewswire/ -- The Board of Directors of American
General Corporation (NYSE: AGC) today declared a regular quarterly cash
dividend of $.325 per common share. This represents the 271st consecutive
quarterly common dividend paid since 1929. American General's Board of
Directors also declared a regular quarterly cash dividend of $.6433 per share
on the company's 7% mandatorily convertible preferred stock. Both the common
and preferred dividends are payable September 1, 1996 to holders of record as
of August 5, 1996. American General Corporation is one of the nation's
largest diversified financial services organizations with assets of
$63 billion and shareholders' equity of $5.3 billion. Headquartered in
Houston, it is a leading provider of retirement annuities, consumer loans, and
life insurance to over eight million households. American General common
stock is listed on the New York, Pacific, London, and Swiss stock exchanges.
SOURCE American General Corporation
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CONTACT:
Robert D. Mrlik, vice president - Investor
Relations, 713-831-1137, or John E. Pluhowski, vice president,
director - Corporate Communications, 713-831-1149, both of
American General
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