AIG CAPITAL CORP.

financial management services; namely, investing in high yield portfolios specializing in investments in high yield increasing rate and resetting notes issued by corporations; financial lending services; namely, providing bridge financing and other short term interim loans relating primarily to reorganization and leveraged buyouts; financial debt management services; namely, providing lines of credit to municipalities to enable the freeing up of funds placed in reserve; financial investments in collateralized mortgage obligation residual interests; investment management services of short term pool accounts; trading in currency markets; financing services; namely, issuance of commercial paper to finance the purchase of receivables