**Johnson & Higgins**
Established 1845

**125 Broad Street**
**New York, N.Y. 10004-2424**
**212 574 7000**

**Cable Address "KERODEN"**
**Telex No. 6720134 JANHNY UW**

**October 23, 1991**

**Mr. Patrick J. Noone**
**Manager - Casualty Insurance**
**International Business Machines Corporation**
**208 Harbor Drive**
**P.O. Box 10501**
**Stamford, CT 06904-2501**

**LEAD UMBRELLA POLICY**
**AMERICAN HOME ASSURANCE COMPANY**
**POLICY NO.: BE308-3133**

Dear Pat:

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

This policy represents American Home's Umbrella Liability Limit of $25,000,000 each occurrence/aggregate where applicable, excess of primary insurances or the self insured retention.

Upon our review of the policy, we noticed the following discrepancies:

- The Schedule of Underlying Insurance will be amended to read "Commercial Liability" in lieu of "Comprehensive General Liability" as respects the Zurich Primary policy.
- The ROLM Corporation currently listed on the Schedule of Underlying Insurance will be removed as this entity is no longer owned by IBM.
- Endorsement #2 which contains the allocation of the premium between the United States and Canada, is entitled "Non-owned Automobile Endorsement." This will be amended to read "Premium Allocation Endorsement."