HOUSTON, July 2 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Gary D. Reddick has been named to the newly created
position of vice chairman of The Franklin Life Insurance Company, American
General's Springfield, Illinois-based life insurance subsidiary.  He joins
Robert J. Gibbons, president and chief executive officer, in Franklin's office
of the chairman.  In addition to his responsibilities at Franklin Life,
Reddick will manage the insurance center integration activities for the
Independent Producer and General Agent Division of American General's life
insurance segment.
    Reddick, 46, joined American General in 1986 and has served in a variety
of senior management positions with American General Life Insurance Company in
Houston before being named senior vice president-administration of the parent
company in 1994.  Most recently, he served as executive vice president-
administration of Franklin Life.  Reddick began his 23-year financial services
career with the Florida Farm Bureau Life Insurance Company.  A native of
Gainesville, Florida, he received a B.B.A. degree in finance from Stetson
University in 1972.  He is a Fellow, Life Management Institute (FLMI) and a
Chartered Life Underwriter (CLU).
    The Franklin Life Insurance Company, with assets of over $6 billion and
life insurance in force of $36 billion, is a leading provider of individual
life insurance products to families and businesses throughout the United
States.  Headquartered in Springfield, Illinois, Franklin's sales force of
over 3,000 agents operates through 34 regional offices.
    American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $75 billion and shareholders'
equity of $6.2 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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