**InterstateNationalCorporation**

123 William Street
New York, New York 10038
212/227-1366

May 11th, 1973

Mr. Steven L. Reale
Lexington Insurance Company
25 New Charden Street
Boston, Massachusetts 02114

International Business Machines
Policy # 402875

Thank you for your letter dated April 18th.

We have been advised by our broker that the renewal of this risk is not desired when it expires May 21st, inasmuch as it has been replaced in domestic companies.

Please let me take this opportunity to thank you for all the time and attention you have given this matter and we regret our inability to secure the renewal order in your behalf.

Leonard Newfield
Assistant Secretary

A Member of the National Student Marketing Corporation Organization