H. Marine Products
   London Market
   $5,000,000 each occurrence/$5,000,000 aggregate
   excess of $50,000 self insured retention

I. Foreign General and Automobile Liability
   Aetna Insurance Co.
   (Covers IBM World Trade Corp. Etal)
   General Liability - $250,000 Combined Single Limit
   each occurrence and aggregate as applicable
   Automobile Liability - $250,000 Combined Single Limit
   each occurrence

J. Advertisers Liability
   (Covers IBM World Trade Corp. Etal)
   Seaboard Surety
   $500,000 limit ($50,000 as respects punitive damages)

K. General Liability
   Commercial Union Assurance Co. of Canada
   (Covers IBM World Trade Corp. - Canada)
   $1,000,000 Combined Single Limit each occurrence/
   aggregate as applicable

L. Automobile Liability
   Commercial Union Assurance Co. of Canada
   (Covers IBM World Trade Corp. - Canada)
   $1,000,000 Combined Single Limit each occurrence

M. Foreign Employers Liability
   Great American Insurance Company
   $100,000 each accident/aggregate as applicable

2. Property Damage and Business Interruption
   Difference in Conditions (U.S.A.)
   $62,000,000 to $67,000,000 per occurrence Limit of Liability
   and in the aggregate as respects the perils of Flood and
   Earthquake
   Various Carriers
   Policy Term: January 1, 1978 to January 1, 1981

Excess of (but only for perils covered under this policy):

A. (Leased)
   Data Processing Machinery "All Risk" Floater
   Limit $5,000,000 at locations per occurrence except
   $2,500,000 as respects Transit
   Various Carriers