Taken from:
http://www.cisco.com/en/US/docs/ios/12_3/iproute/command/reference/ip2_a1g.html#wp1037074
Usage Guidelines
You can implement aggregate routing in BGP and multiprotocol BGP either by redistributing an aggregate route into BGP or multiprotocol BGP, or by using this conditional aggregate routing feature.
Using the aggregate-address command with no keywords will create an aggregate entry in the BGP or multiprotocol BGP routing table if any more-specific BGP or multiprotocol BGP routes are available that fall in the specified range. The aggregate route will be advertised as coming from your autonomous system and will have the atomic aggregate attribute set to show that information might be missing. (By default, the atomic aggregate attribute is set unless you specify the as-set keyword.)
Using the as-set keyword creates an aggregate entry using the same rules that the command follows without this keyword, but the path advertised for this route will be an AS_SET consisting of all elements contained in all paths that are being summarized. Do not use this form of the aggregate-address command when aggregating many paths, because this route must be continually withdrawn and updated as autonomous system path reachability information for the summarized routes changes.
Using the summary-only keyword not only creates the aggregate route (for example, 193.*.*.*) but also suppresses advertisements of more-specific routes to all neighbors. If you want to suppress only advertisements to certain neighbors, you may use the neighbor distribute-list command, with caution. If a more-specific route leaks out, all BGP or multiprotocol BGP routers will prefer that route over the less-specific aggregate you are generating (using longest-match routing).
Using the suppress-map keyword creates the aggregate route but suppresses advertisement of specified routes. You can use the match clauses of route maps to selectively suppress some more-specific routes of the aggregate and leave others unsuppressed. IP access lists and autonomous system path access lists match clauses are supported.
Using the advertise-map keyword selects specific routes that will be used to build different components of the aggregate route, such as AS_SET or community. This form of the aggregate-address command is useful when the components of an aggregate are in separate autonomous systems and you want to create an aggregate with AS_SET, and advertise it back to some of the same autonomous systems. You must remember to omit the specific autonomous system numbers from the AS_SET to prevent the aggregate from being dropped by the BGP loop detection mechanism at the receiving router. IP access lists and autonomous system path access lists match clauses are supported.
Using the attribute-map keyword allows attributes of the aggregate route to be changed. This form of the aggregate-address command is useful when one of the routes forming the AS_SET is configured with an attribute such as the community no-export attribute, which would prevent the aggregate route from being exported. An attribute map route map can be created to change the aggregate attributes.