**JOHNSON & HIGGINS**
Established 1845

**INSURANCE BROKERS - AVERAGE ADJUSTERS**
**EMPLOYEE BENEFIT PLAN CONSULTANTS**

CABLE ADDRESS "KEPOMEN"
TELEX NO. 422006

00 WALL ST., NEW YORK, N.Y. 10006
TEL. 469-5000  AWWA CODE 812

July 30, 1974

Miss Dolores Warnecke
Insurance Department
International Business Machines Corp.
Armonk, New York 10504

EXCESS UMBRELLA LIABILITY POLICIES XCP 3928 AND 3929
EFFECTIVE MAY 21, 1973 TO MAY 21, 1976

Dear Dolores:

The captioned policies, written with the Insurance Company of North America, have been endorsed to specifically exclude Data Processing Errors and Omissions coverage effective May 21, 1974. We are forwarding these endorsements, which we ask that you add to the above policies.

The Insurance Company of North America did not believe that the Data Processing Errors and Omissions Exclusion wording under the first layer policy was adequate and, as such, they issued the attached. We have reviewed their endorsements and find them acceptable.

Should you have any objections to the wording, please contact us.

Very truly yours,

Dick
Richard T. Michel
Casualty Department
RTM/rmc

Enclosures

Dick - The endorsements are enclosed
"6" - I do not have endorsement
"5" - ???