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

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

**CLIENT NO:** 870-00350
**INVOICE NO:** 292351-001
**DATE:** 5/10/89
**AMOUNT:** $13,948.00

**INTL. BUSINESS MACHINES CORP**

| INSURANCE DESCRIPTION | COMM. BILLING - AUTO & GL | DEPARTMENT | CAS. | JAH CONTACT | PAYABLE UPON RECEIPT, ATTACHMENT DATE OR INSTALLMENT DATE WHICHEVER IS LATEST |
|-----------------------|----------------------------|------------|------|-------------|--------------------------------------------------------------------------------------------------------------------------|
| INSURANCE COMPANY     | DATES                      | ATTACH     | EXPIRES | POLICY NUMBER | DESCRIPTION                                                                                                             | AMOUNT |
| ZURICH INS             | 05/21/87 05/21/88          |            |         | BAF327867904- | 169,396 @ .0412                                                           | $6,975.00 |
| ZURICH INS             | 05/21/87 05/21/88          |            |         | CGL327867604- | 95,782 @ .0728                                                            | $6,973.00 |

**TOTAL:** $13,948.00

**JOHNSON & HIGGINS**

MM 009845