PRICING SUPPLEMENT NO. AIG-FP-34		FILED PURSUANT TO RULE 424(b)(2)
DATED OCTOBER 2, 2007		REGISTRATION NOS. 333-106040; 333-143992
TO PROSPECTUS DATED JULY 13, 2007
AND PROSPECTUS SUPPLEMENT DATED JULY 13, 2007

AMERICAN INTERNATIONAL GROUP, INC.
MEDIUM-TERM NOTES, SERIES AIG-FP,
US DOLLAR ZERO COUPON ACCRETING NOTES DUE OCTOBER 15, 2037

Principal Amount: U.S.$200,000,000		Issue Date: October 15, 2007
Agents’ Discount or Commission: None		Maturity Date: October 15, 2037
Net Proceeds to Issuer: U.S.$22,285,551.48		Interest Rate: 0.00%
Form: þ Book Entry o Certificated		CUSIP No.: 02687QCR7
Specified Currency (If other than U.S. dollars): N/A		Authorized Denominations (If other than U.S.$1,000 and integral multiples of U.S.$1,000 in excess thereof):
		$100,000 and integral multiples of U.S.$100,000 in excess thereof

     The notes are being placed through or purchased by the Agents listed below:

		Agent		Principal Amount
		Nomura Securities International, Inc.		U.S.$200,000,000		Capacity:		o Agent		þ Principal

If as Agent:		The notes are being offered at a fixed initial public offering price of ___% of principal amount.
If as Principal:		o The notes are being offered at varying prices related to prevailing market prices at the time of resale.
		þ The notes are being offered at a fixed initial public offering price of 11.14278% of principal amount.

Payment at Maturity:

     On the Maturity Date, Issuer will pay to the Holder $200,000,000. If the Maturity Date is not a Business Day, such sum will be payable on the following Business Day (without any interest or other payment in respect of such delay).

Redemption at Option of Issuer:

     The notes will be redeemable, at the option of the Issuer, upon written notice of a minimum of five (5) Business Days, at the applicable amount set forth in the Accreting Notional column of the Call Redemption Amount Table, on October 15, 2008 and semi-annually thereafter up to and including April 15, 2037.

Call Redemption Amount Table:

Accrual		Accrual		Accreting Notional
Start Date		End Date		(Dollar Amount)
					22,285,551.48
15-Oct-2007		15-Apr-2008			23,115,688.27
15-Apr-2008		15-Oct-2008			23,976,747.66
15-Oct-2008		15-Apr-2009			24,869,881.51
15-Apr-2009		15-Oct-2009			25,796,284.60
15-Oct-2009		15-Apr-2010			26,757,196.20
15-Apr-2010		15-Oct-2010			27,753,901.75
15-Oct-2010		15-Apr-2011			28,787,734.60
15-Apr-2011		17-Oct-2011			29,860,077.71
17-Oct-2011		16-Apr-2012			30,972,365.60
16-Apr-2012		15-Oct-2012			32,126,086.22
15-Oct-2012		15-Apr-2013			33,322,782.93
15-Apr-2013		15-Oct-2013			34,564,056.60
15-Oct-2013		15-Apr-2014			35,851,567.71
15-Apr-2014		15-Oct-2014			37,187,038.60
15-Oct-2014		15-Apr-2015			38,572,255.79
15-Apr-2015		15-Oct-2015			40,009,072.32
15-Oct-2015		15-Apr-2016			41,499,410.26
15-Apr-2016		17-Oct-2016			43,045,263.30
17-Oct-2016		18-Apr-2017			44,648,699.35
18-Apr-2017		16-Oct-2017			46,311,863.40
16-Oct-2017		16-Apr-2018			48,036,980.32
16-Apr-2018		15-Oct-2018			49,826,357.83
15-Oct-2018		15-Apr-2019			51,682,389.66
15-Apr-2019		15-Oct-2019			53,607,558.68
15-Oct-2019		15-Apr-2020			55,604,440.24
15-Apr-2020		15-Oct-2020			57,675,705.64
15-Oct-2020		15-Apr-2021			59,824,125.67
15-Apr-2021		15-Oct-2021			62,052,574.35
15-Oct-2021		19-Apr-2022			64,364,032.75
19-Apr-2022		17-Oct-2022			66,761,592.97
17-Oct-2022		17-Apr-2023			69,248,462.31
17-Apr-2023		16-Oct-2023			71,827,967.53
16-Oct-2023		15-Apr-2024			74,503,559.32
15-Apr-2024		15-Oct-2024			77,278,816.90
15-Oct-2024		15-Apr-2025			80,157,452.83
15-Apr-2025		15-Oct-2025			83,143,317.95
15-Oct-2025		15-Apr-2026			86,240,406.54
15-Apr-2026		15-Oct-2026			89,452,861.69
15-Oct-2026		15-Apr-2027			92,784,980.78
15-Apr-2027		15-Oct-2027			96,241,221.32
15-Oct-2027		18-Apr-2028			99,826,206.81
18-Apr-2028		16-Oct-2028			103,544,733.02
16-Oct-2028		16-Apr-2029			107,401,774.32
16-Apr-2029		15-Oct-2029			111,402,490.42
15-Oct-2029		15-Apr-2030			115,552,233.18
15-Apr-2030		15-Oct-2030			119,856,553.87
15-Oct-2030		15-Apr-2031			124,321,210.50
15-Apr-2031		15-Oct-2031			128,952,175.59
15-Oct-2031		15-Apr-2032			133,755,644.13
15-Apr-2032		15-Oct-2032			138,738,041.88
15-Oct-2032		19-Apr-2033			143,906,033.94
19-Apr-2033		17-Oct-2033			149,266,533.70
17-Oct-2033		17-Apr-2034			154,826,712.08
17-Apr-2034		16-Oct-2034			160,594,007.11
16-Oct-2034		16-Apr-2035			166,576,133.87
16-Apr-2035		15-Oct-2035			172,781,094.86
15-Oct-2035		15-Apr-2036			179,217,190.64
15-Apr-2036		15-Oct-2036			185,893,030.99
15-Oct-2036		15-Apr-2037			192,817,546.40
15-Apr-2037		15-Oct-2037			200,000,000.00

Events of Default and Acceleration:

     In case an Event of Default with respect to the notes has occurred and is continuing, the aggregate amount payable to holders of notes, upon any acceleration permitted by the notes, will be equal to the Accreting Notional as of the most recent Accrual End Date listed above, plus an amount equal to interest on such amount calculated at the rate of 7.45% per annum for the period from such most recent Accrual Start Date, calculated on the basis of a 360 day year comprising 12 30-day months.

     In case of default in payment of the notes, whether on the Maturity Date or upon acceleration, from and after that date, the notes will bear interest, payable upon demand of their holders, at the rate equal to 7.45% per annum, to the extent that payment of interest is legally enforceable on the unpaid amount due and payable on that date in accordance with the terms of the notes, to the date payment of that amount has been made or duly provided for.

Other Provisions:

“Business Day”		Means any day other than a day that (i) is a Saturday or Sunday, (ii) is a day on which banking institutions generally in the City of New York or London, England are authorized or obligated by law, regulation or executive order to close or (iii) is a day on which transactions in dollars are not conducted in the City of New York or London, England
Calculation Agent:		AIG Financial Products Corp.

USE OF PROCEEDS

     We intend to lend the net proceeds from the sale of the notes to our subsidiary AIG Financial Products Corp. or certain of its subsidiaries for use for general corporate purposes.

CERTAIN U.S. FEDERAL INCOME TAX CONSEQUENCES

     These notes have been issued with Original Issue Discount (“OID”), as defined by Section 1273 of the Internal Revenue Code of 1986, as amended. The amount of OID on each $100,000 of notes is $88,857.22. The issue date of the notes is October 15, 2007. The yield to maturity on the notes is 7.45%.

     Prospective investors should refer to the discussion under “United States Taxation” in the accompanying prospectus supplement for more information on OID and a discussion of the other material consequences of owning the notes.

ERISA CONSIDERATIONS

     The notes may not be purchased or held by any employee benefit plan or other plan or account that is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code (each, a “plan”), or by any entity whose underlying assets include “plan assets” by reason of any plan’s investment in the entity (a “plan asset entity”), unless in each case the purchaser or holder is eligible for exemptive relief from the prohibited transaction rules of ERISA and Section 4975 of the Code under a prohibited transaction class exemption issued by the Department of Labor or another applicable statutory or administrative exemption. Each purchaser or holder of the notes will be deemed to represent that either (1) it is not a plan or plan asset entity and is not purchasing the notes on behalf of or with plan assets or (2) with respect to the purchase and holding, it is eligible for relief under a prohibited transaction class exemption or other applicable statutory or administrative exemption from the prohibited transaction rules of ERISA and Section 4975 of the Code. The foregoing supplements the discussion under ERISA Considerations in the base prospectus dated July 13, 2007.

GENERAL INFORMATION

     The information in this Pricing Supplement, other than the information regarding the initial public offering price, the net proceeds to the issuer, the identities of the initial purchasers or agents, the information under “Certain U.S. Federal

Income Tax Consequences” and “ERISA Considerations” above, and the following two paragraphs, will be incorporated by reference into the Global Security representing all the Medium-Term Notes, Series AIG-FP.

     We are offering notes on a continuing basis through AIG Financial Securities Corp., ABN AMRO Incorporated, ANZ Securities, Inc., Banca IMI S.p.A., Banc of America Securities LLC, Barclays Capital Inc., Bear, Stearns & Co. Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., BNY Capital Markets, Inc., Calyon Securities (USA) Inc., CIBC World Markets. Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Daiwa Securities America Inc., Daiwa Securities SMBC Europe Limited, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Greenwich Capital Markets, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Key Banc Capital Markets Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities International plc, Mizuho International plc, Mizuho Securities USA Inc., Morgan Stanley & Co. Incorporated, National Australia Capital Markets, LLC, RBC Capital Markets Corporation, Santander Investment Securities Inc., Scotia Capital (USA) Inc., SG Americas Securities, LLC, TD Securities (USA) LLC, UBS Securities LLC, and Wachovia Capital Markets, LLC, as agents, each of which has agreed to use its best efforts to solicit offers to purchase notes. We may also accept offers to purchase notes through other agents. See “Plan of Distribution” in the accompanying prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or determined if the prospectus, the prospectus supplement or this pricing supplement is truthful or complete. Any representation to the contrary is a criminal offense.