**Johnson & Higgins**
Established 1845

**95 Wall Street**
New York, N.Y. 10005
212 701 7500
Cable Address "Keroden"
Telex No. 422098

**Received**
JUL 07 1986
CASUALTY H.O. DEPT.

**July 2, 1986**

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

Dear Tom:

INTERNATIONAL BUSINESS MACHINES CORPORATION

As you requested in our telephone conversation of June 24, enclosed is a completed Umbrella Liability application which has been signed by me on the bottom of the first page.

I trust with the receipt of the enclosed, you will be in a position to issue the policy and close your files.

Very truly yours,

**Richard T. Michel**
Vice President

RTM3/dls