**L.W. Biegler Inc.**
100th Floor, Sears Tower, 233 South Wacker Drive, Chicago, Illinois 60606, Telex 25-4597, 312-876-3100

**June 1, 1977**

**International Business Machine Corporation et al.**
Armonk, New York 10504

**NORTH RIVER INSURANCE COMPANY**
POLICY NO. JU 0183

We refer to our letter of April 15, 1977 wherein we attached a provisional notice of cancellation effective May 21, 1977.

We have been able to replace the reinsurance which had been canceled. Please take note that our cancellation notice is hereby rescinded and the captioned policy will remain in full force and effect.

**William J. Schwass**
Assistant Vice President

cc: Mr. Richard T. Michel
Johnson & Higgins