**Johnson & Higgins**

**February 13, 1992**

**Mr. Patrick J. Noone**
**Manager - Casualty Insurance**
**International Business Machines Corporation**
**2000 Purchase Street**
**Room 3H-08**
**Purchase, NY 10577**

**EXCESS LIABILITY INSURANCE**
**LEXINGTON INSURANCE COMPANY**
**POLICY NO.: 8653496**

Dear Pat:

Enclosed is the captioned policy written for the term May 21, 1991 to May 21, 1992.

This policy represents Lexington Insurance Company's Excess Liability participation of $10,000,000 each Occurrence/Aggregate where applicable, part of $55,000,000 each Occurrence/Aggregate where applicable, excess of $60,000,000 each Occurrence/Aggregate where applicable which in turn is excess of Primary Insurance or a Self Insured Retention.

Upon our review of the policy we noticed the following discrepancies:
- Declarations Page should be amended to reflect the American Home Lead Umbrella policy number.
- We requested an endorsement stating the Lexington will Follow Form the Lead Umbrella with respect to the Defense Coverages provided by the policy. The form has changed from the expiring policy making the endorsement necessary.

Please note the Amendatory Endorsement - Limits of Liability (Follow Form Aggregate) is no longer needed as the new policy jacket contains this provision.