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AIG ALL AGES FUNDS, INC.
AIG RETIREE FUND--2003
Supplement dated April 12, 1996
to the Prospectus dated February 15, 1996,
as supplemented April 12, 1996
FOR NEW JERSEY RESIDENTS
THE VIEW OF THE BUREAU OF SECURITIES OF THE STATE OF NEW JERSEY IS THAT THE
FUND'S INVESTMENT IN ZERO COUPON SECURITIES OF THE UNITED STATES GOVERNMENT
AND THE EQUITY PORTFOLIO'S ENTRY INTO FORWARD FOREIGN CURRENCY CONTRACTS ARE
DERIVATIVE INVESTMENTS AND MAY INVOLVE SIGNIFICANT RISKS. SEE "RISK FACTORS--
ZERO COUPON SECURITIES" AND "RISK FACTORS--FOREIGN CURRENCIES" IN THIS
PROSPECTUS AND "INVESTMENT OBJECTIVES AND POLICIES--ZERO COUPON SECURITIES"
AND "INVESTMENT OBJECTIVES AND POLICIES--FOREIGN CURRENCY TRANSACTIONS" IN THE
STATEMENT OF ADDITIONAL INFORMATION. HOWEVER, THE MANAGER'S GUARANTEE OPERATES
SUCH THAT AN INVESTOR WHO HAS HELD ALL SHARES UNTIL MATURITY AND REINVESTED
ALL DIVIDENDS AND DISTRIBUTIONS WILL BE ABLE TO DEMAND THE RETURN OF THE FULL
AMOUNT OF HIS OR HER ORIGINAL INVESMENT IN THE FUND (INCLUDING ANY FRONT-END
SALES CHARGES PAID) ON OR AFTER THE MATURITY DATE. SEE "INVESTMENT OBJECTIVES
AND MANAGEMENT POLICIES--THE MANAGER'S GUARANTEE" IN THIS PROSPECTUS AND "THE
MANAGER'S GUARANTEE" IN THE STATEMENT OF ADDITIONAL INFORMATION.
