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Prospectus Supplement dated December 15, 1998
to Prospectus dated May 27, 1998
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
Page 14 of the Prospectus (list of Selling Securityholders) is amended
by this Prospectus Supplement to substitute IEO Holdings Limited for Infinity
Emerging Opportunities Limited as one of the Selling Securityholders named in
the Prospectus. IEO Holdings Limited is a wholly owned subsidiary of Infinity
Emerging Opportunities Limited. Effective December 9, 1998, Infinity Emerging
Opportunities Limited assigned all of its rights, title and interest to the
shares of Common Stock being offered by the Prospectus to IEO Holdings Limited.
The address of the principal business office of IEO Holdings Limited is Hawkins
Waterfront Plaza, P.O. Box 556 - Main Street, Charleston, Nevis, West Indies.
