**Johnson & Higgins**
Established 1845

**January 6, 1992**

**Mr. Patrick J. Noone**
Manager - Casualty Insurance
International Business Machines Corporation
2000 Purchase Street
Room 3H-08
Purchase, NY 10577

**EXCESS LIABILITY INSURANCE**
**TRAVELERS INSURANCE COMPANY**
**POLICY NO.: 7FSJEX-218T033-A-91**

Dear Pat:

As a follow up to my November 8, 1991 letter to you regarding the captioned policy, enclosed are the following amendatory endorsements:

- Endorsement #8000(3) deletes the Cross Liability Exclusion from the policy.
- Endorsement #FF-22 revises the Schedule of Underlying Insurance to reflect the following:
  - The Zurich Insurance Company is now listed as the underwriter of the Primary Business Auto Liability policy in lieu of "IBM Insurance Company".
  - The schedule now reflects a $1,000,000 General Aggregate and a $1,000,000 Products/Completed Operations Aggregate as respects the IBM Canada program written with Commercial Assurance Company.
  - The Guam Employers Liability policies written with St. Paul Fire and Marine and CIGNA are now listed on the schedule.

A Partner in
UNISON