**INSURED:** INTERNATIONAL BUSINESS MACHINES CORP.

**POLICY #:** EX 00 04 28

**TERM:** 5/21/70 TO 5/21/73

**JOHNSON & HIGGINS**

**INSURANCE BROKERS**

**EMPLOYEE BENEFIT PLAN CONSULTANTS**

**15 WALL ST., NEW YORK 10005**

**WH 6-3160**