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):
May 18, 1999
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
Item 5. Other Events.
On May 18, 1999, the Chancery Court of the First
Judicial District of Jones County Mississippi rendered a
judgment awarding approximately $500,000 in compensatory
damages and $167 million in punitive damages against
American General Financial Center ("Financial Center"), a
subsidiary of registrant. The case was brought by 29
individuals who in the early 1990s purchased satellite
dishes for approximately $2,500 from distributors who
arranged financing for these satellite dishes through the
Financial Center. The registrant's subsidiary intends to
seek further review and appeal of the judgment and
believes that it has substantial bases for success in
this process.
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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: May 19, 1999 By: /S/ MARK S. BERG
Mark S. Berg
Executive Vice President
and General Counsel
