**Johnson & Higgins**
Established 1845

**RECEIVED**
AUG 18 1986
CASUALTY H.O. DEPT.

**August 13, 1986**

Mr. Thomas W. Ciardello, Jr.
Assistant Vice President
Lexington Insurance Company
100 Summer Street
Boston, Massachusetts 02110

Dear Tom:

INTERNATIONAL BUSINESS MACHINES CORPORATION
EXCESS UMBRELLA LIABILITY POLICY #5528820
EFFECTIVE: MAY 21, 1986 TO MAY 21, 1987

As requested, I am attaching a letter from Dick Faron of IBM dated August 8, 1986 written to the Lexington Insurance Company stating that IBM is unaware of any facts or circumstances that may give rise to a claim as respects the captioned policy between the dates of May 21 and June 23, 1986.

I trust you find the attached satisfactory and ask that you contact me, should you have any questions.

Very truly yours,

Richard T. Michel
Vice President

RTM1/dls

**8-18-86**