HOUSTON, Feb. 17 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Craig Rodby has been named vice chairman of VALIC,
American General's Houston-based retirement services subsidiary. In this newly
created position, Rodby joins VALIC Chairman and Chief Executive Officer,
Stephen D. Bickel and President, Thomas L. West Jr.
    Mr. Rodby's business career includes 25 years of service with ReliaStar
Financial Corp. where he held a variety of senior management positions in the
company's life insurance operations.  Most recently, he served as senior vice
president -- financial management of ReliaStar, where he was responsible for
financial reporting and analysis, asset/liability management, and strategic
planning.  In 1990, he was elected president and chief executive officer of
Northern Life Insurance Company and was responsible for directing the
company's tax-sheltered annuity operations.  Rodby had previously served as
chief financial officer and chief actuary of Northern Life since 1980.  He
joined ReliaStar's Northwestern National Life as an actuarial assistant in
1972.
    Rodby, 47, a native of Minneapolis, Minnesota, received his B.S. degree in
mathematics and economics from the University of Minnesota in 1971 and his
M.S. degree in economics from the University of Western Ontario in 1972.  He
is a Fellow, Society of Actuaries and a member of the American Academy of
Actuaries.  Rodby completed the Advanced Management Program at Harvard
University in 1988.
    VALIC, with assets of $30 billion, is a leading provider of retirement
services, including tax-deferred retirement annuities and employer-sponsored
retirement plans to employees of educational, health care, public sector, and
other not-for-profit organizations.  The company holds claims-paying ability
ratings among the strongest in the life insurance industry.
    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
retirement services, consumer loans, and life insurance to nine million
customers.  American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.

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