**American International Companies**

**Executive Offices:**
70 Pine Street, New York, N.Y. 10270

**Johnson & Higgins**
95 Wall Street
New York, N.Y. 10005

**Notice of Premium Due**

This premium is due and payable to the company 15 days from the date of this bill or 30 days from inception of the contract, whichever is later. If payment is not received within the time stipulated, this policy will be cancelled.

**Return Remittance To:**
National Union
P.O. Box 1168
Wall Street Station
New York, N.Y. 10268

**Policy Number:** 9610302
**Billing Date:** 6/6/85
**Eff Date:** 5/21/85
**Date Due:** 6/21/85
**Comm Rate:** 10%
**Premium Due:** $6,500.00

**Insured:**
IBM
Armonk, NY

**Underwriter's Copy**

RETURN THIS NOTICE WITH YOUR REMITTANCE AND/OR ANY CHANGE IN ADDRESS