# JOHNSON & HIGGINS -- New York Office
Retrospective Additional Premium Transmittal Advice

**Zurich-American Insurance Co.**
156 William Street
New York, New York 10038
Attn: Premium Accounting Dept.

**Gentlemen:**

**International Business Machines**
**Retrospective Additional Premium**
**Based on Incurred Losses Valued 11/21/88**

We enclose the Insured's check in payment of the Retro Additional Premium due you as follows:

- **Check Number:** D-220044
- **Date of Check:** 5/4/89
- **Amount of Check:** $491366.00
- **Invoice Number:** 281-6132

This payment represents full settlement of the outstanding retrospective premium adjustment based on incurred losses valued 11/21/88. We enclose a copy of our invoice for your records.

Very truly yours,

William C. Gardner
Vice President

cc: Richard Michel

**TRANSMITTAL ADVICE FROM:**

Johnson & Higgins
Casualty Department/Actuarial Services
125 Broad Street
New York, New York 10004

RAMS/4
MM 009841