**EFFECTED THROUGH**
JOHNSON & HIGGINS
Established 1845
In Billing
Recorded: 1278

CABLE ADDRESS "KEMODEN"
95 WALL ST., NEW YORK, N.Y. 10001
TEL 701-7500 AREA CODE 212

**Insurance Brokers - Average Adjusters**
**Employee Benefit Plan Consultants**

**International Business Machines Corp.**
May 13, 1985
Att: Mr. Richard Faron, Ins. Dept.
Armonk, New York 10504

The following changes in the policies listed below are hereby bound

**EFFECTIVE:** 5/21/85

The premium under Zurich Insurance Co. Comprehensive General Liability Policy #CGL3278678 for the period 5/21/85 to 5/21/86 is $3,353,565.

SEE ATTACHED PAGE 2

**Name of Insured:** International Business Machines Corp., etal

**Policy Numbers:** CGL3278678
5/21/84-89

**Zurich Ins. Co.**
**UNDERWRITERS:** Geraldine Bosquadro
Accepted by:
(5-16-85)
(Date) (Hour) P.M.

Accepted by:
( )
(Date) (Hour) A.M.

s/jm
Richard T. Michel
( )
FORM No. 2640B-J
ENDORSEMENTS
Page 1 of 2 Pages
MM 009855