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                                                Filed Pursuant to Rule 424(b)(2)
                                                File No. 333-31024



                          PROSPECTUS SUPPLEMENT NO. 3
                (TO PROSPECTUS SUPPLEMENT DATED JANUARY 26, 2001
                      AND PROSPECTUS DATED MARCH 3, 2000)

                       AMERICAN INTERNATIONAL GROUP, INC.

                          MEDIUM-TERM NOTES, SERIES F

                    DUE 9 MONTHS OR MORE FROM DATE OF ISSUE

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     Banc of America Securities LLC has been added as an agent to solicit
offers to purchase and/or purchase notes. All references in the prospectus to
"agents" shall refer to Banc of America Securities LLC as well as Chase
Securities Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Morgan Stanley & Co. Incorporated and Salomon Smith Barney Inc.

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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF
THIS PROSPECTUS SUPPLEMENT IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.

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                Prospectus Supplement No. 3 dated August 7, 2001