Meanwhile, American International Group issued a statement Feb. 12 declaring its belief that unrealized mark-to-market losses on the AIG Financial Products Corp. super-senior credit default swap portfolio are not "indicative" of losses AIGFP may realize. "Based upon its most current analyses, AIG believes that any losses AIGFP may realize over time as a result of meeting its obligations under these derivatives will not be material to AIG," AIG said. The announcement came one day after AIG made a Securities and Exchange Commission filing related to a finding by its independent auditors involving a material weakness in its internal controls (see above item).

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