**KERODEN NYK**

**WU INFOMASTER 1-012131C139 05/19/77**
**TLX ALLENDALE JSTN**
**ZCZC 68 JOHNSTON RI MAY 19**
**TLX 127873 KERODEN NYK**
**ATTN: MARY DAVENPORT**

**BT**
**11:54 5-19-77 68/69**
**ATTN: MARY DAVENPORT - JOHNSON & HIGGINS - NYK**
**CC: DICK BOULDS, ALLENDALE - NYK**
**RE: IBM**

**CONFIRMING BINDER EFFECTIVE 5/21/77 FOR 5,000,000 PART OF 50,000,000 XS 80,000,000 AT $1,200 PER MILLION EXCLUDING ALL E&O AND AIRCRAFT PRODUCTS.**

**B. PHILLIPS CASUALTY 2-EC LE**

**TLX 927500**
**ALLENDALE JSTN**
**NNNN**
**1147 EST**
**O**
**KERODEN NYK**