This endorsement modifies such insurance as is afforded by the:

FOLLOWING FORM EXCESS LIABILITY POLICY

REJECTION OF UNINSURED MOTORISTS COVERAGE - FLORIDA

It is agreed that this policy does not provide Uninsured Motorists Coverage. The insured has personally, or by its authorized officer indicated below, considered the insured's option to elect to include Uninsured Motorists Coverage in this policy in an amount equal to the "each occurrence" Limit of Liability shown on the Declarations, or at some lower limit, and has agreed that this policy shall not provide such coverage.

Accepted by: P. L. Noon (Named Insured)

IBM CORPORATION (Authorized Officer)

Manager, Casualty Insurance--IBM Corporation

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