Document:

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                          AMERICAN GENERAL CORPORATION
                         1984 STOCK AND INCENTIVE PLAN,
                        RESTATED AS OF FEBRUARY 8, 1994,
                        AS FURTHER AMENDED AND RESTATED
                             AS OF FEBRUARY 1, 1998

     WHEREAS, AMERICAN GENERAL CORPORATION and its shareholders have heretofore
adopted the above-captioned stock and incentive plan (the "1994 Plan") for the
benefit of certain eligible individuals; and

     WHEREAS, Section 12 of the 1994 Plan allows AMERICAN GENERAL CORPORATION
to amend the 1994 Plan (subject to the limitations expressed therein);

     NOW, THEREFORE, the Plan shall be amended effective as of January 20,
1999, as follows:

     1.   The following subparagraph (i) shall be added to Section 7 of the
          1994 Plan:

       "(i) Reload Options. The Committee (concurrently with the grant of an
       Option or subsequent to such grant) may, in its sole discretion, provide
       in an Option Grant Document respecting an Option that, if the Holder
       pays the costs associated with exercising such Option in shares of
       Common Stock, upon the date of such payment a new option shall be
       granted under this Plan or under another available plan. The number of
       shares of Common Stock subject to such new option shall be equal to the
       number of shares of Common Stock tendered in payment. The new option
       shall not be exercisable after the original term of the exercised
       Option."

     2.  As amended hereby, the 1994 Plan is specifically ratified and
         reaffirmed.

     EXECUTED by the undersigned officer as of January 20, 1999.

                                            AMERICAN GENERAL CORPORATION

                                            By:  /S/ JON P. NEWTON
                                                 Jon P. Newton
                                                 Vice Chairman<PAGE>   1
                          AMERICAN GENERAL CORPORATION
                         1984 STOCK AND INCENTIVE PLAN,
                        RESTATED AS OF FEBRUARY 8, 1994,
                        AS FURTHER AMENDED AND RESTATED
                             AS OF FEBRUARY 1, 1998

     WHEREAS, AMERICAN GENERAL CORPORATION and its shareholders have heretofore
adopted the above-captioned stock and incentive plan (the"1994 Plan") for the
benefit of certain eligible individuals; and

     WHEREAS, Section 12 of the 1994 Plan allows AMERICAN GENERAL CORPORATION
to amend the 1994 Plan (subject to the limitations expressed therein);

   NOW, THEREFORE, the 1994 Plan shall be amended effective as of January 20,
2000, as follows:

     1.   The following shall be added as subparagraph (q) to Section 2:

               "(q) Immediate Family" means, with respect to a Holder, the
          Holder's spouse, children or grandchildren (including adopted
          children, step children and grandchildren)."

     2.   Subparagraph (e) to Section 7 shall be modified to read in its
          entirety, as follows:

               "(e) An Incentive Stock Option shall not be transferable or
          assignable otherwise than by will or the laws of descent and
          distribution."

     3.   The following shall be added as subparagph (d) to Section 13 :

                  "(d) Restrictions on Transfer. An Award (other than an
          Incentive Stock Option, which shall be subject to the transfer
          restrictions set forth in Section 7(e)) shall not be transferable or
          assignable otherwise than (i) by will or the laws of descent and
          distribution, (ii) pursuant to a "qualified domestic relations order"
          (as defined by the Code), (iii) with respect to Awards of
          Non-Qualified Options, if such transfer is permitted in the sole
          discretion of the Committee, by transfer by a Holder to a member of
          the Holder's Immediate Family, to a trust solely for the benefit of
          the Holder and the Holder's Immediate Family, or to a partnership or
          limited liability company whose only partners or shareholders are the
          Holder and members of the Holder's Immediate Family, or (iv) with the
          consent of the Committee."

     4.  As amended hereby, the 1994 Plan is specifically ratified and
         reaffirmed.

                                      -1-
<PAGE>   2

     EXECUTED by the undersigned officer as of January 20, 2000.

                                             AMERICAN GENERAL CORPORATION

                                            By:  /S/ JON P. NEWTON
                                                 Jon P. Newton
                                                 Vice Chairman

                                      -2-<PAGE>   1

                                  AMENDMENT TO
                          AMERICAN GENERAL CORPORATION
                         1997 STOCK AND INCENTIVE PLAN

     WHEREAS,  AMERICAN GENERAL  CORPORATION and its shareholders have
heretofore adopted the AMERICAN GENERAL CORPORATION 1997 STOCK AND INCENTIVE
PLAN (the "Plan") for the benefit of certain eligible individuals; and

     WHEREAS, Section 12 of the Plan allows AMERICAN GENERAL CORPORATION to
amend the Plan (subject to the limitations expressed therein);

     NOW, THEREFORE, the Plan shall be amended effective as of January 20,
1999, as follows:

     1.   The following subparagraph (h) shall be added to Section 7 of the
       Plan:

       "(h) Reload Options. The Committee (concurrently with the grant of an
       Option or subsequent to such grant) may, in its sole discretion, provide
       in an Option Grant Document respecting an Option that, if the Holder
       pays the costs associated with exercising such Option in shares of
       Common Stock, upon the date of such payment a new option shall be
       granted under this Plan or under another available plan. The number of
       shares of Common Stock subject to such new option shall be equal to the
       number of shares of Common Stock tendered in payment. The new option
       shall not be exercisable after the original term of the exercised
       Option. "

      2.   As amended hereby, the Plan is specifically ratified and reaffirmed.

     EXECUTED by the undersigned officer as of January 20, 1999.

                                             AMERICAN GENERAL CORPORATION

                                             By:  /S/ JON P. NEWTON
                                                  Jon P. Newton
                                                  Vice Chairman<PAGE>   1

                              FIRST AMENDMENT TO
                         AMERICAN GENERAL CORPORATION
                          1999 STOCK INCENTIVE PLAN

     WHEREAS, AMERICAN GENERAL CORPORATION and certain of its affiliates have
heretofore adopted the AMERICAN GENERAL 1999 STOCK AND INCENTIVE PLAN (the
"Plan") for the benefit of certain eligible individuals; and

     WHEREAS, AMERICAN GENERAL CORPORATION may amend the Plan on behalf of
itself and its Affiliates;

     NOW, THEREFORE, the Plan shall be amended as of its effective date,
January 21, 1999, as follows:

     1.   Section 12 is deleted in its entirety and replaced with the following:

      "12. AMENDMENT AND TERMINATION OF THE PLAN

                The Board may amend the Plan at any time and the Committee may
     amend an Award (and its related Grant Document) at any time, except as
     otherwise specifically provided in such Grant Document; provided that no
     change in any Award theretofore granted may be made that would impair the
     rights of the Holder of any Award under the Plan without the consent of
     the Holder; and provided further that (a) the Board may not, without
     approval of the shareholders, amend the Plan (i) to increase the maximum
     aggregate number of shares which may be issued under the Plan or (ii) to
     change the class of individuals eligible to receive Awards under the Plan
     and (b) the Committee may not, without approval of the shareholders,
     amend any outstanding Stock Options to lower the Option Price (or cancel
     and replace any outstanding Stock Options with new Stock Options having a
     lower Option Price). Subject to the last sentence of Section 3 hereof,
     the Board, in its discretion, may terminate the Plan at any time."

     2.  Section 11 is deleted in its entirety and replaced with the following:

     "11. EQUITABLE ADJUSTMENTS

          Subject to any required action by the Company's shareholders, upon
     the occurrence of any event which affects the shares of Common Stock in
     such a way that an adjustment of outstanding Awards is appropriate in
     order to prevent the dilution or enlargement of rights under the Awards
     (including, without limitation, any extraordinary dividend or other
     distribution (whether in cash or in kind), recapitalization, stock split,
     reverse split, reorganization, merger, consolidation, spin-off,
     combination, repurchase, or share exchange, or other similar corporate
     transaction or event ), the Committee shall make appropriate equitable
     adjustments,

                                      -1-
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     which may include, without limitation, adjustments to any or all of the
     number and kind of shares of stock (or other securities) which may
     thereafter be issued in connection with such outstanding Awards and
     adjustments to any exercise price specified in the outstanding Awards and
     shall also make appropriate equitable adjustments to the number and kind
     of shares of stock (or other securities) authorized by or to be granted
     under the Plan. Further, the Committee, in its sole discretion, may make
     appropriate equitable adjustments, including, without limitation, those
     described in the immediately preceding sentence, in any other
     circumstances under the Committee deems such adjustments to be desirable,
     except that the Committee may not, without approval of the shareholders,
     amend any outstanding Stock Options to lower the Option Price (or cancel
     and replace any outstanding Stock Options with new Stock Options having a
     lower Option Price). Any adjustment made to an Incentive Stock Option
     hereunder, with respect to either (i) the number or price of shares of
     stock subject to Incentive Stock Options or (ii) the aggregate number of
     shares which may be issued pursuant to Incentive Stock Options, shall be
     made in a manner which will permit such option to continue to constitute
     an Incentive Stock Option within the meaning of section 422 of the Code."

      3.    As amended hereby, the Plan is specifically ratified and reaffirmed.

     EXECUTED by the undersigned officer of American General Corporation to be
effective as of the 21st day of January, 1999.

                                             AMERICAN GENERAL CORPORATION

                                            By:  /S/ JON P. NEWTON
                                                 Jon P. Newton
                                                 Vice Chairman

                                      -2-

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