**October 20, 1972**

**Mr. Frank A. Conti**
**Interstate National Corp.**
**123 William Street**
**New York, New York 10038**

**RE: International Business Machines Corp.**
**Policy #GC-402675**

Dear Frank,

We are reviewing your August 11, 1972 letter and our file. We must advise that we have modified this account as far as we can and we will not be in a position to make any further changes.

Should you have any questions at all, please feel free to call.

Very truly yours,

Steven L. Reale
Executive Underwriter
Casualty Department

SLR: jo