**Y - 503**

**THE FIDELITY AND CASUALTY COMPANY OF NEW YORK**
(Insert Name of Company)

**80 MAIDEN LANE, NEW YORK CITY, N.Y.**
(Address)

**EXCESS POLICY DECLARATIONS**

Policy Number LX 1648

**ITEM 1. NAMED INSURED:** INTERNATIONAL BUSINESS MACHINES CORP.

**ITEM 2. ADDRESS:** ARMONK, NEW YORK
(Number and Street, Town or City, County and State)

**ITEM 3. POLICY PERIOD:** From 12:01 o'clock A.M., JAN, 26, 1965 to MAY 21, 1967
(hour and minutes)
12:01 A.M., standard time at the address of the named insured as stated herein.

**ITEM 4. UNDERLYING INSURANCE (Designate Carrier and Policy Number):**
CONTINENTAL CASUALTY COMPANY RDU 9972884
AMERICAN HOME ASSURANCE COMPANY CE 35-00-11

**ITEM 5. LIMIT OF LIABILITY:** $5,000,000. IN EXCESS OF ITEM 6 BELOW

**ITEM 6. UNDERLYING LIMIT (Total):** $145,000,000 IN EXCESS OF PRIMARY INSURANCE AS DESCRIBED IN CONTINENTAL CASUALTY COMPANY'S POLICY NUMBER RDU 9972884 AND AMERICAN HOME ASSURANCE COMPANY'S POLICY NUMBER CE 35-00-11

**ITEM 7. PREMIUM:** $3,858.50

Countersigned by: