AIG exit plan announcement possible in days-source

WASHINGTON, Sept 29 (Reuters) - American International Group (AIG.N) and the U.S. Treasury Department could announce within days a strategy for the government's exit from its investment in the bailed out insurer, a person familiar with the situation said on Wednesday.

AIG's board is meeting on Wednesday to discuss a Treasury exit plan that would include converting the Treasury's $49 billion preferred stake into common shares, AIG Chairman Steve Miller said earlier on Wednesday. (Reporting by David Lawder and Paritosh Bansal, Editing by Chizu Nomiyama)