**Johnson & Higgins**

Established 1845

**Insurance Brokers - Average Adjusters**
**Actuaries - Employee Benefit Plan Consultants**

March 29, 1982

Mr. Richard Faron  
Insurance Department  
International Business Machines Corporation  
Armonk, New York 10504  

Dear Dick:

EXCESS UMBRELLA LIABILITY  
POLICY NO.: 75-102049  
EXPIRING MAY 21, 1982  

Attached is Endorsement #4 to be added to the captioned policy written with the AIU Insurance Company correcting the policy period as well as adding the specific joint ventures to the Named Insured Endorsement.

I trust you find the attachment in order and ask that you contact me should you have any questions.

Very truly yours,

Richard T. Michel  
Vice President

df