**JOHNSON & HIGGINS OF NEW YORK**
P.O. BOX 13684
NEWARK, N.J. 07188-0684
(212) 574-7000

**Invoice**
CLIENT NO: 870-00350
INVOICE NO: 328639-001
DATE: 4/30/90
AMOUNT: $8,053.00
BILL TYPE: 2 COMMISSION ONLY
FUNCTION: 1 BILL
PARENT OVERAGE: 20004
PROCESS DATE: 4/30/90
INCOME CALC.: 1 GROSS
SHARE: 0 NONE
CURRENCY: U.S. DOLLARS
ORG NW: 0 NONE
SUPPENSE: 0
INSTALLMENT: 0
PERIODS: 0
DEPOSIT: 0
CONTROL NO: 009831

**ZURICH AMERICAN INS CO**
PO BOX 9345 CHURCH ST STATION
NEW YORK NY 10249

**INTL BUSINESS MACHINES CORP**

| COMM. ON AUDIT ADJUSTMENT | DEPARTMENT | JUN CONTACT |
|--------------------------|------------|-------------|
| MICHEL R                 | DAILY      |             |

**INSURANCE DESCRIPTION**
| INSURANCE COMPANY | POLICY NUMBER | DESCRIPTION | AMOUNT | CLASS | % POL | INS CO | PANEL | LOC | COMM | TAX F |
|--------------------|---------------|-------------|--------|-------|-------|--------|-------|-----|------|-------|
| ZURICH INS          | 032188052189 | BAP227867904 | 40,735 @ 5.1102% | 2,067.00 | 42440BR | 151068151A8099005130 | 404040BR | 151068151A8099005090 | 0.00   |       |
| ZURICH INS          | 032188052189 | CGL327867804 | 117,214 @ 5.1092% | 5,986.00 | 0      |        |        |      | 0.00  |       |

**TOTAL:** $8,053.00
**COMMISSION:** $0.00
**PAYABLE:** $8,053.00

**ATTACH TIPS TO EACH POLICY**