**AUDIT ADJUSTMENT OF PREMIUM**

**DATE:** 9-30-82

**ZURICH INS. CO.**
**AMERICAN GUARANTEE AND LIABILITY INS. CO.**

**AGENCY:**
**MORRISON & HIGGINS**

**POLICY NO.:** 12745-821
**PERIOD OF POLICY:** 5-21-82
**EXPIRATION DATE:** 5-21-82
**DATE (OF CANCEL):** 

**CLASSIFICATION OF OPERATION:** 
**CLASS NO.:** S
**PAYROLL, SALES OR OTHER OBLIGATIONS:** $5,963,700,000
**RATE:** 18.7%
**PREMIUM:** $1,069,104

**STATE:** NEW YORK

**TOTAL:** $1,069,104
**LESS DEDUCTIBLE OR OTHER CREDIT:** $1,023,000
**ADDITIONAL PREMIUM:** $776,104
**RETURN PREMIUM:** 

**AMOUNT AND ADDRESS OF INSURED:**
**INTERNATIONAL BUSINESS MACHINES CORP.**
**ALBANY, NEW YORK 10004**

**RECEIVED BY:**
**DATE RECEIVED:** 9-30-82
**MM 009646**