Management Expansion Announced at Sentra/Spelman; - Jim Cannon Named President, Richard Woltman to Continue as Chairman -

Aug 15, 2000, 01:00 ET from Sentra/Spelman

    SAN DIEGO, Aug. 15 /PRNewswire/ -- Sentra Securities Corporation and
 Spelman & Co., Inc. (Sentra/Spelman) today announced that Jim Cannon has been
 named president of the San Diego-based broker-dealers.  Sentra/Spelman are
 members of The SunAmerica Financial Network, Inc. (SFNI), the largest network
 of independent financial planners in the United States.  Richard Woltman, who
 had been president and chairman of Sentra/Spelman, continues as chairman.
     With more than 15 years of broker-dealer experience, Cannon will be
 instrumental in growing the organization, as well as in maintaining its
 high-quality service and support.  In addition to leading the senior
 management team, he will oversee the company's day-to-day business activities.
 Cannon joins Sentra/Spelman from Phoenix-based SunAmerica Securities, Inc.,
 also a member of SFNI, where he was most recently executive vice president of
 marketing and sales.
     "Jim's marketing and sales expertise and depth of knowledge in the
 broker-dealer industry, as well as within the SunAmerica organization, make
 him the ideal candidate to lead Sentra/Spelman," said Jay Wintrob, president
 and chief operating officer, SunAmerica Inc.  "He understands the unique
 culture of Sentra/Spelman, as well as SunAmerica's goal to grow its
 broker-dealer organizations.  Jim has certainly earned the respect of his
 colleagues during his 13-year tenure at SunAmerica Securities and deserves the
 opportunity to lead a broker-dealer organization of the high caliber and
 promise of Sentra/Spelman."
     Cannon joined the SunAmerica organization in 1987 as an officer of Anchor
 National Financial Services, which was acquired by SunAmerica Securities, Inc.
 in 1992.  Responsible for five sales regions across the United States, he
 played a critical role in growing SunAmerica Securities to a $210 million
 enterprise with more than 2,100 representatives and nearly 200 employees.
     Woltman, who has led Sentra/Spelman since 1987 and guided the company
 through its acquisition by SunAmerica in 1998, has also been named managing
 director of SFNI.  Working with Kevin Hart, president of SFNI, he will be
 active in advertising, marketing and acquisitions, helping the company achieve
 its goal of growing its broker-dealers to 15,000 independent representatives
 by the end of 2003.
     "Dick Woltman is an experienced, successful entrepreneur/founder of a
 well-regarded broker-dealer organization.  I am delighted to have him working
 with me on issues including growth, sales and marketing, recruitment and
 industry relations for SunAmerica's entire broker-dealer network," said Hart.
 "Each of the firms comprising the SunAmerica Financial Network will benefit
 greatly from Dick's contributions."
     As part of its expanded management team, Sentra/Spelman also announced
 that Melisa McGuire has been promoted to executive vice president and senior
 operating officer, responsible for human resources, back-office operations and
 equity and fixed income markets.  McGuire has more than 13 years of experience
 in the securities business, and has been with Sentra/Spelman since 1991, most
 recently as senior vice president and senior operating officer.
     Since joining SFNI, Sentra/Spelman has nearly doubled in size, growing
 revenues to $105 million and increasing its number of representatives to 900
 throughout the United States.  Sentra Securities Corporation and Spelman &
 Co., Inc. are separate independent contractor broker-dealers offering a full
 line of investment products and services.
     The SunAmerica Financial Network consists of six wholly owned broker-
 dealers, with representatives operating in all 50 states: Royal Alliance
 Associates (New York); SunAmerica Securities (Phoenix); FSC Securities
 (Atlanta); Sentra Securities Corporation (San Diego); Spelman & Co., Inc.
 (San Diego); and Advantage Capital Corporation (Houston).  Each broker-dealer
 maintains a separate identity and independent culture.  The SunAmerica
 Financial Network is a subsidiary of SunAmerica Inc.
     SunAmerica is a financial services company specializing in retirement
 savings solutions and a wholly owned subsidiary of American International
 Group, Inc. (NYSE:   AIG).  To learn more about Sentra/Spelman, visit their web
 site at   To learn more about retirement solutions from
 SunAmerica, visit the company's web site at
     AIG is the leading U.S.-based international insurance and financial
 services organization and the largest underwriter of commercial and industrial
 insurance in the United States.  Its member companies write a wide range of
 commercial and personal insurance products through a variety of distribution
 channels in approximately 130 countries and jurisdictions throughout the
 world.  AIG's global businesses also include financial services and asset
 management, including aircraft leasing, financial products, trading and market
 making, consumer finance, institutional, retail and direct investment fund
 asset management, real estate investment management, and retirement savings
 products.  American International Group, Inc.'s common stock is listed on the
 New York Stock Exchange, as well as the stock exchanges in London, Paris,
 Switzerland and Tokyo.

SOURCE Sentra/Spelman