SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 15, 1997
AMERICAN GENERAL CORPORATION
(Exact name of registrant as specified in charter)
Texas 1-7981 74-0483432
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
2929 Allen Parkway, Houston, Texas 77019
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code:
(713) 522-1111
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AMERICAN GENERAL CORPORATION
TABLE OF CONTENTS TO FORM 8-K
Page
Item 5. Other Events.
Consolidated Financial Information of American
General Corporation for the seven months and
one month ended July 31, 1997 1
Signature 2 <PAGE>
AMERICAN GENERAL CORPORATION
Item 5. Other Events.
Consolidated Financial Information of American General
Corporation for the seven months and one month ended July
31, 1997
On June 17, 1997, American General Corporation (American
General) completed the $1.8 billion acquisition of USLIFE
Corporation (USLIFE) in an all-stock transaction. 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 consolidated total revenues, net income, and net income
per share for American General were as follows:
Seven Months One Month
(in millions) Ended July 31, 1997 Ended July 31, 1997
Total Revenues $5,111 $ 743
Net Income $ 159* $ 73
Net Income per Share $ .66* $ .30
* Includes $353 million ($1.41 per share) aftertax
charge for change of control costs and other
acquisition-related expenses incurred in the USLIFE
acquisition, the disposition of non-strategic assets,
and the settlement of litigation.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this
Report to be signed on its behalf by the undersigned
thereunto duly authorized.
AMERICAN GENERAL CORPORATION
Dated: August 15, 1997 By: /s/ PAMELA J. PENNY
Pamela J. Penny
Vice President and Controller
