American International Group's AIG Financial Products Corp.unit, with offices in London, England and Wilton, Conn., saidFriday that as part of winding down its operations it has sold offsome business to an unnamed purchaser for $60.5 million.

AIGFP's involvement in credit default swaps on collateralizeddebt obligations caused its parent conglomerate to sustain billionsin losses and Thursday the UK Serious Fraud Office said it wasinvestigating the unit. AIG has disclosed that AIGFP's pastreporting concerning its portfolio is being examined by U.S.authorities.

AIGFP said the sale it completed involved interests in twotransactions and related commodity hedges from its energy andinfrastructure book of business.

The two transactions, known as volumetric production payment(VPP) transactions, comprise limited-term overriding royaltyinterests entitling the VPP owner to a priority allocation of afixed monthly production of oil and natural gas from designatedproducing reserves located in Texas, Louisiana and Mississippi.

The sale of these interests follows AIGFP's January agreement tosell its commodity index business.

"These successful asset dispositions provide further evidence ofthe progress we are making in reducing AIGFP's investment portfolioand overall risk profile," said Gerry Pasciucco, AIGFP InterimChief Operating Officer. As previously disclosed, AIGFP began theprocess of unwinding certain of its businesses and portfolios latelast year.