HOUSTON, March 5 /PRNewswire/ -- American General Corporation
(NYSE: AGC) today announced two executive appointments at its Nashville-
based life insurance subsidiary, American General Life and Accident
Insurance Company.  Joe Kelley, president, has been named to the
additional post of CEO and Bill B. Luther has been named to the newly
created position of vice chairman.  Kelley will succeed James S.
D'Agostino, Jr., who will be elected president of the parent company at
American General's annual shareholders meeting on April 24, 1997.
    Kelley, 49, joined American General in 1994 as senior vice president
and chief marketing officer of American General Life in Houston before
being named president of American General Life and Accident in 1995.
Prior to joining American General, Kelley served 24 years with Prudential
Life Insurance Company and served in a variety of management positions
including senior vice president of Prudential Preferred Financial Services
and chief marketing officer for all general agency marketing operations.
A native of Ozark, Alabama, he received his B.S. degree in commerce and
business administration from the University of Alabama in 1970 and
completed the Advanced Management Program at the Wharton School of
Business in 1990.  Kelley is a Chartered Life Underwriter (CLU) and
Chartered Financial Consultant (ChFC).
    Luther, 54, has served his entire 33-year financial services industry
career with American General.  He held numerous general management
positions with several American General life insurance subsidiaries before
being named vice president - field administration of American General Life
and Accident in 1986.  Luther assumed expanded responsibilities when he
was elected senior vice president of management services, insurance
operations, and information technology for American General Life in
Houston from 1990 to 1994.  Most recently, he served as senior vice
president - insurance administration at American General Life.  Luther
began his business career in 1963 with the Nashville-based Life and
Casualty Insurance Company, which was later acquired by American General
in 1968.  A native of Nashville, Tennessee, he holds two degrees, a B.S.
degree from David Lipscomb University in 1964 and a JD degree from the
Nashville Night Law School in 1973.
    American General Life and Accident Insurance Company, with assets of
$10 billion and life insurance in force of $61 billion, provides life
insurance protection to over two million households in 25 states and the
District of Columbia.  The company holds the highest ratings for claims-
paying ability from A.M. Best (A++), Standard & Poor's (AAA), and Duff &
Phelps (AAA).
    American General Corporation is one of the nation's largest
diversified financial services organizations with assets of $66 billion
and shareholders' equity of $5.6 billion.  Headquartered in Houston, it is
a leading provider of life insurance, retirement services, and consumer
loans to nine million customers.  American General common stock is listed



on the New York, Pacific, London, and Swiss stock exchanges.

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