-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jl5aV9BypPH7uGo3rWOuSPz19pqsx2TY2ioCK8mrJ2llAYJRMWhY3F9qUV9k/a26 cTWhjHhq1JWXYDu9FVICIw== /in/edgar/work/20000809/0000950129-00-004019/0000950129-00-004019.txt : 20000921 0000950129-00-004019.hdr.sgml : 20000921 ACCESSION NUMBER: 0000950129-00-004019 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GENERAL CORP /TX/ CENTRAL INDEX KEY: 0000005103 STANDARD INDUSTRIAL CLASSIFICATION: [6311 ] IRS NUMBER: 740483432 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: SEC FILE NUMBER: 333-40583 FILM NUMBER: 689869 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 77019 BUSINESS PHONE: 7135221111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GENERAL CAPITAL I CENTRAL INDEX KEY: 0001049746 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 766152716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: SEC FILE NUMBER: 333-40583-01 FILM NUMBER: 689870 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 771092155 BUSINESS PHONE: 7135221111 MAIL ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 77019-2155 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GENERAL CAPITAL II CENTRAL INDEX KEY: 0001049747 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: SEC FILE NUMBER: 333-40583-02 FILM NUMBER: 689871 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 771092155 BUSINESS PHONE: 7135221111 MAIL ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 77019-2155 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GENERAL CAPITAL III CENTRAL INDEX KEY: 0001049748 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: SEC FILE NUMBER: 333-40583-03 FILM NUMBER: 689872 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 771092155 BUSINESS PHONE: 7135221111 MAIL ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 77019-2155 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN GENERAL CAPITAL IV CENTRAL INDEX KEY: 0001049749 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: SEC FILE NUMBER: 333-40583-04 FILM NUMBER: 689873 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 771092155 BUSINESS PHONE: 7135221111 MAIL ADDRESS: STREET 1: 2929 ALLEN PKWY CITY: HOUSTON STATE: TX ZIP: 77019-2155 424B2 1 e424b2.txt AMERICAN GENERAL CORPORATION - REG. NO. 333-40583 1 FILED PURSUANT TO RULE: 424(b)(2) REGISTRATION NOS.: 333-40583, 333-40583-01, 333-40583-02, 333-40583-03 AND 333-40583-04 PROSPECTUS SUPPLEMENT - -------------------------------------------- (TO PROSPECTUS DATED FEBRUARY 10, 1998) [AMERICAN GENERAL LOGO] $250,000,000 AMERICAN GENERAL CORPORATION 7 1/2% NOTES DUE 2010 --------------------- We will pay interest on the notes on February 11 and August 11 of each year, beginning February 11, 2001. The notes will mature on August 11, 2010. We may not redeem the notes before maturity. The notes will be unsecured obligations and rank equally with our unsecured senior indebtedness. The notes will be issued only in registered form in denominations of $1,000. ---------------------
PER NOTE TOTAL -------- ----- Public offering price (1)................................... 99.102% $247,755,000 Underwriting discount....................................... .6% $1,500,000 Proceeds, before expenses, to American General.............. 98.502% $246,255,000
(1) Plus accrued interest from August 11, 2000, if settlement occurs after that date Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The notes will be ready for delivery in book-entry form only through The Depository Trust Company on or about August 11, 2000. --------------------- MERRILL LYNCH & CO. BANC OF AMERICA SECURITIES LLC CHASE SECURITIES INC. DONALDSON, LUFKIN & JENRETTE FIRST UNION SECURITIES, INC. --------------------- The date of this prospectus supplement is August 8, 2000. 2 TABLE OF CONTENTS PROSPECTUS SUPPLEMENT
PAGE ---- American General Corporation................................ S-3 Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends...... S-4 Selected Financial Data of American General................. S-5 Description of Notes........................................ S-7 Underwriting................................................ S-8 Legal Matters............................................... S-9 Experts..................................................... S-9
PROSPECTUS Available Information....................................... 2 Incorporation by Reference.................................. 3 The Company................................................. 4 Use of Proceeds............................................. 4 Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends...... 5 Description of Debt Securities.............................. 5 Description of the Preferred Stock.......................... 16 Description of Common Stock................................. 19 Description of Warrants..................................... 23 Plan of Distribution........................................ 24 Legal Matters............................................... 25 Experts..................................................... 25
------------------------ You should rely only on the information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus. We have not, and the underwriters have not, authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not, and the underwriters are not, making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference is accurate only as of their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates. S-2 3 AMERICAN GENERAL CORPORATION American General Corporation ("American General" or the "Company"), with assets of $121 billion and shareholders' equity of $6.4 billion as of June 30, 2000, is the parent company of one of the nation's largest diversified financial services organizations. Our operating divisions deliver a wide range of retirement services, life insurance, consumer loans, and investments to 12 million customers through focused distribution channels. American General, a general business corporation headquartered in Houston, is the successor to American General Insurance Company, an insurance company incorporated in Texas in 1926. Our principal executive offices are located at 2929 Allen Parkway, Houston, Texas 77019-2155, and our telephone number is (713) 522-1111. RETIREMENT SERVICES The retirement services division represented 37% of our division earnings for the year ended December 31, 1999, and 39% for the six months ended June 30, 2000. The division, with assets of $70 billion at June 30, 2000, is a leading provider of retirement products and services, and ranks as the nation's third-largest writer of annuities. A broad range of retirement savings products is offered through a sales force of over 1,700 financial advisors and more than 34,000 financial institution representatives. The division sells tax-qualified annuities and mutual funds to employees of educational, health care, and government entities, and other not-for-profit organizations. The division also markets non-qualified annuities through financial institution representatives at 250 banks and other financial institutions. The non-qualified annuities are developed jointly with the financial institution and tailored to meet the customers' specific needs. The division has approximately 2.9 million customer accounts. LIFE INSURANCE The life insurance division represented 48% of our division earnings for the year ended December 31, 1999, and 46% for the six months ended June 30, 2000. This division is the second-largest writer of new individual life insurance in the United States and offers a comprehensive portfolio of life and annuity products. With assets of $38 billion at June 30, 2000, the division provides traditional, interest-sensitive, and variable life insurance and annuities to 8 million customers. The division reaches its customers through a distribution system of 36,000 independent and career agents, as well as banks, broker-dealers, and financial planners. CONSUMER FINANCE The consumer finance division represented 15% of our division earnings for the year ended December 31, 1999, and 15% for the six months ended June 30, 2000. The division is a leading provider of mortgages, consumer loans, and credit-related insurance products. Gross finance receivables, consisting of 62% real estate-secured loans, totaled $11.6 billion at June 30, 2000. The division services 2.2 million customer accounts through a nationwide network of 1,330 branch offices located in 40 states and through financing programs with 16,000 retail merchants. In addition to the mortgages originated by the branch offices, the division acquires loans through bulk purchases. S-3 4 RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS The following table sets forth the ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends of American General for the periods indicated.
SIX MONTHS ENDED JUNE 30, YEARS ENDED DECEMBER 31, ------------ ------------------------------------ 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- Ratio of earnings to fixed charges: Consolidated operations.................. 2.4 3.5 3.4 2.9 2.5 2.5 2.3 Consolidated operations, corporate fixed charges only.......................... 6.2 9.7 9.3 7.3 6.4 6.4 5.3 Ratio of earnings to combined fixed charges and preferred stock dividends: Consolidated operations.................. 2.1 2.9 2.8 2.4 2.1 2.3 2.2 Consolidated operations, corporate fixed charges and preferred stock dividends only.................................. 3.8 5.8 5.6 4.3 3.7 4.7 4.7
For purposes of computing these ratios, earnings represent income before income tax expense, net dividends on preferred securities of subsidiaries, and minority interest, adjusted for undistributed income of an equity investee and fixed charges (excluding capitalized interest). Fixed charges consist primarily of interest expense (including capitalized interest) on short-term and long-term borrowings. Preferred stock dividends consist of dividends on preferred securities of subsidiaries and convertible preferred stock. S-4 5 SELECTED FINANCIAL DATA OF AMERICAN GENERAL The following table presents selected financial data of American General and its consolidated subsidiaries for the periods indicated. All data presented includes the operating results and financial position of USLIFE Corporation ("USLIFE"), which was acquired June 17, 1997. The acquisition was accounted for using the pooling of interests method and, accordingly, American General's consolidated financial statements for all periods prior to the acquisition have been restated to include the results of operations, financial position, and cash flows of USLIFE. The financial data as of December 31, 1999, 1998, 1997, 1996, and 1995 and for the five years ended December 31, 1999 was derived from American General's audited consolidated financial statements, incorporated herein by reference. The financial data as of and for the six months ended June 30, 2000 and 1999 was derived from American General's unaudited quarterly financial statements (incorporated herein by reference from American General's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2000), which, in the opinion of management, reflect all adjustments necessary for a fair presentation of such data. The data for the six months ended June 30, 2000 and 1999 is not necessarily indicative of results of operations for the entire year. The data should be read in conjunction with the consolidated financial statements, related notes, "Management's Discussion and Analysis," and other financial information incorporated by reference herein.
SIX MONTHS ENDED JUNE 30, YEARS ENDED DECEMBER 31, ---------------- ------------------------------------------------ 2000 1999 1999 1998 1997 1996 1995 (IN MILLIONS) ---- ---- ---- ---- ---- ---- ---- OPERATING RESULTS Premiums and other considerations............... $1,966 $1,914 $ 3,772 $ 3,605 $3,362 $3,244 $2,969 Net investment income........................... 2,675 2,597 5,232 5,095 4,020 3,773 3,584 Finance charges................................. 789 713 1,455 1,354 1,265 1,450 1,492 Realized investment gains (losses).............. (109) (7) (19) 6 40 62 18 Equity in earnings of investee.................. -- -- -- -- 54 40 43 Other........................................... 151 116 239 191 186 145 130 ------ ------ ------- ------- ------ ------ ------ Total revenues......................... 5,472 5,333 10,679 10,251 8,927 8,714 8,236 ------ ------ ------- ------- ------ ------ ------ Insurance and annuity benefits.................. 2,751 2,691 5,313 5,159 4,332 4,218 4,085 Operating costs and expenses.................... 1,224 1,210 2,444 2,486 2,220 2,129 1,852 Provision for finance receivable losses......... 97 100 207 212 248 417 574 Interest expense Corporate................................... 110 95 197 181 158 162 197 Consumer Finance............................ 333 276 574 512 461 493 518 Litigation settlements and other charges........ 315(a) -- 57(b) 378(b) 50(b) 50(b) -- Merger-related costs............................ -- -- -- -- 272(b) -- -- Loss on sale of non-strategic assets............ -- -- -- -- 113(b) 165(b) -- ------ ------ ------- ------- ------ ------ ------ Total benefits and expenses............ 4,830 4,372 8,792 8,928 7,854 7,634 7,226 ------ ------ ------- ------- ------ ------ ------ Income before income tax expense................ 642 961 1,887 1,323 1,073 1,080 1,010 Income tax expense.............................. 213 336 664 459 447 387 341 ------ ------ ------- ------- ------ ------ ------ Income before net dividends on preferred securities of subsidiaries and minority interest...................................... 429 625 1,223 864 626 693 669 Net dividends on preferred securities of subsidiaries.................................. 50 45 92 89 84 40 19 Minority interest in net income of investee..... -- -- -- 11 -- -- -- ------ ------ ------- ------- ------ ------ ------ Net income............................. $ 379(a) $ 580 $ 1,131(c) $ 764(d) $ 542(e) $ 653(f) $ 650 ====== ====== ======= ======= ====== ====== ======
S-5 6
JUNE 30, DECEMBER 31, ------------------- ------------------------------------------------- 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- (IN MILLIONS) FINANCIAL POSITION Total assets(g)................... $121,163 $109,869 $115,447 $105,107 $80,620 $74,134 $69,083 Invested assets(g)................ 71,539 68,918 68,335 69,863 54,006 50,832 49,598 Finance receivables, net.......... 11,260 9,573 10,634 9,275 7,639 7,230 7,918 Debt (including short-term) Corporate..................... 3,173 2,990 3,120 2,743 1,916 2,102 2,295 Consumer Finance.............. 10,753 9,232 10,206 8,863 7,266 7,630 7,470 Total liabilities (excluding debt)........................... 98,837 88,339 93,777 82,902 62,129 56,331 51,480 Redeemable equity................. 1,971 1,729 1,924 1,728 1,726 1,227 729 Shareholders' equity(g)........... 6,429 7,579 6,420 8,871 7,583 6,844 7,109
- --------------- (a) Includes effect of aftertax charges of $175 million for settlement of industrial life insurance litigation and $32 million for alleged fraud loss. See Note 9 of Item 1 within American General's Quarterly Report on Form 10-Q for the quarter ended June 30, 2000, incorporated herein by reference. (b) See Note 3 of Item 8 within American General's Annual Report on Form 10-K for the years ended December 31, 1999 and 1998, incorporated herein by reference. (c) Includes effect of $36 million aftertax charge for litigation settlement related to financing of satellite dishes (see Note (b) above). (d) Includes effect of $246 million aftertax litigation charge for market conduct class action lawsuits (see Note (b) above). (e) Includes effect of $247 million aftertax USLIFE merger-related costs, $73 million aftertax loss on sale of non-strategic assets, and $33 million aftertax litigation charge (see Note (b) above). (f) Includes effect of $111 million aftertax loss on sale of non-strategic assets and $32 million aftertax write-down of USLIFE group business (see Note (b) above). (g) Includes effect of SFAS 115. To facilitate analysis of period-to-period balances, the effect of SFAS 115 on reported balances was as follows:
JUNE 30, DECEMBER 31, -------------- ------------------------------------------- 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- (IN MILLIONS) Increase (decrease) in assets................ $(1,702) $147 $(1,426) $2,436 $1,782 $ 949 $1,956 Increase (decrease) in invested assets....... (2,175) 328 (1,750) 3,519 2,786 1,488 3,071 Increase (decrease) in shareholders' equity... (1,482) 95 (1,304) 1,575 1,154 610 1,265
S-6 7 DESCRIPTION OF NOTES The following description of the particular terms of the notes offered hereby supplements the description of the general terms and provisions of Debt Securities set forth in the prospectus under the caption "Description of Debt Securities". GENERAL The notes will be issued as a series of Debt Securities under the Senior Indenture dated as of November 15, 1997 between the Company and Bankers Trust Company, which is more fully described in the prospectus. Certain terms used herein are defined in the prospectus. The notes will mature on August 11, 2010 and bear interest at the rate set forth on the cover page of this prospectus supplement, payable semi-annually on February 11 and August 11, commencing February 11, 2001, to the registered holders thereof on the preceding January 27 or July 27, as the case may be. We may not redeem the notes prior to maturity. The notes will be issued as a global Debt Security. See "Description of Debt Securities -- Global Debt Securities" in the prospectus. The Depository Trust Company, New York, New York (the "Depository" or "DTC") will be the Depository with respect to the notes. The notes will be issued as fully registered securities in the name of Cede & Co., the Depository's partnership nominee, and will be deposited with the Depository. BOOK-ENTRY NOTES The Depository has advised us that it is a limited-purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended. The Depository holds securities that its Participants deposit with it and facilitates the settlement among Participants of securities transactions in deposited securities through electronic computerized book-entry changes in Participants' accounts, thereby eliminating the need for physical movement of securities certificates. Participants include securities brokers and dealers (including the underwriters), banks, trust companies, clearing corporations and certain other organizations. DTC is owned by a number of its Participants and by the New York Stock Exchange, Inc., the American Stock Exchange, Inc. and the National Association of Securities Dealers, Inc. Access to DTC's book-entry system is also available to others, such as securities brokers and dealers, banks and trust companies that clear through or maintain a custodial relationship with a Participant, either directly or indirectly. The rules applicable to DTC and its Participants are on file with the Securities and Exchange Commission. SAME-DAY SETTLEMENT AND PAYMENT Settlement for the notes will be made by the underwriters in immediately available funds. All payments of principal and interest on the notes will be made by the Company in immediately available funds. The notes will trade in DTC's Same-Day Funds Settlement System until maturity, and secondary market trading activity in the notes will therefore be required by DTC to settle in immediately available funds. S-7 8 UNDERWRITING We intend to offer the notes through the underwriters. Subject to the terms and conditions contained in an underwriting agreement and the related pricing agreement between us and the underwriters, we have agreed to sell to the underwriters and the underwriters severally have agreed to purchase from us, the principal amount of the notes listed opposite their names below.
PRINCIPAL UNDERWRITER AMOUNT ----------- --------- Merrill Lynch, Pierce, Fenner & Smith Incorporated................................... $125,000,000 Banc of America Securities LLC.............................. 31,250,000 Chase Securities Inc........................................ 31,250,000 Donaldson, Lufkin & Jenrette Securities Corporation......... 31,250,000 First Union Securities, Inc................................. 31,250,000 ------------ Total............................................. $250,000,000 ============
The underwriters have agreed to purchase all of the notes sold pursuant to the underwriting agreement if any of these notes are purchased. If an underwriter defaults, the underwriting agreement provides that the purchase commitments of the nondefaulting underwriters may be increased or the underwriting agreement may be terminated. We have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make in respect of those liabilities. The underwriters are offering the notes, subject to prior sale, when, as and if issued to and accepted by them, subject to approval of legal matters by their counsel, including the validity of the notes, and other conditions contained in the underwriting agreement, such as the receipt by the underwriters of officer's certificates and legal opinions. The underwriters reserve the right to withdraw, cancel or modify offers to the public and to reject orders in whole or in part. COMMISSIONS AND DISCOUNTS The underwriters have advised us that they propose initially to offer the notes to the public at the public offering price on the cover page of this prospectus supplement, and to dealers at that price less a concession not in excess of .3% of the principal amount of the notes. The underwriters may allow, and the dealers may reallow, a discount not in excess of .25% of the principal amount of the notes to other dealers. After the initial public offering, the public offering price, concession and discount may be changed. The underwriters have agreed to reimburse American General for certain expenses, including expenses incurred in connection with the offering of the notes, in the amount of $687,500. S-8 9 NEW ISSUE OF NOTES The notes are a new issue of securities with no established trading market. We do not intend to apply for listing of the notes on any national securities exchange or for quotation of the notes on any automated dealer quotation system. We have been advised by the underwriters that they presently intend to make a market in the notes after completion of the offering. However, they are under no obligation to do so and may discontinue any market-making activities at any time without any notice. We cannot assure the liquidity of the trading market for the notes or that an active public market for the notes will develop. If an active public trading market for the notes does not develop, the market price and liquidity of the notes may be adversely affected. PRICE STABILIZATION AND SHORT POSITIONS In connection with the offering, the underwriters are permitted to engage in transactions that stabilize the market price of the notes. Such transactions consist of bids or purchases to peg, fix or maintain the price of the notes. If the underwriters create a short position in the notes in connection with the offering, i.e., if they sell more notes than are on the cover page of this prospectus supplement, the underwriters may reduce that short position by purchasing notes in the open market. Purchases of a security to stabilize the price or to reduce a short position could cause the price of the security to be higher than it might be in the absence of such purchases. Neither we nor any of the underwriters makes any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of the notes. In addition, neither we nor any of the underwriters makes any representation that the underwriters will engage in these transactions or that these transactions, once commenced, will not be discontinued without notice. OTHER RELATIONSHIPS Some of the underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other banking or commercial dealings in the ordinary course of business with us. LEGAL MATTERS The validity of the notes offered hereby will be passed upon for the Company by Kevin T. Abikoff, Deputy General Counsel and Corporate Responsibility Officer of the Company, and certain legal matters relating to the notes offered hereby will be passed upon for the underwriters by Brown & Wood LLP, New York, New York. Brown & Wood LLP may rely as to matters of Texas law on the opinion of Kevin T. Abikoff. EXPERTS The consolidated financial statements of American General Corporation incorporated by reference in American General Corporation's Annual Report (Form 10-K) for the year ended December 31, 1999, have been audited by Ernst & Young LLP, independent auditors, as set forth in their report thereon incorporated by reference therein and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing. S-9 10 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- $250,000,000 AMERICAN GENERAL CORPORATION 7 1/2% NOTES DUE 2010 -------------------------------------------- PROSPECTUS SUPPLEMENT -------------------------------------------- MERRILL LYNCH & CO. BANC OF AMERICA SECURITIES LLC CHASE SECURITIES INC. DONALDSON, LUFKIN & JENRETTE FIRST UNION SECURITIES, INC. AUGUST 8, 2000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----