The Travelers  
Policy No. 7FSJEX-218T033-A-92  
Issue Date: 08/06/92  

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.  

This endorsement modifies such insurance as is  
afforded by the:  

FOLLOWING FORM EXCESS LIABILITY POLICY  

UNDERLYING AGGREGATE ENDORSEMENT  

If Item 6 of the Declarations Page shows that coverage  
applies excess of a reduced aggregate, the first paragraph of  
Provision 4., COVERAGE OVER AGGREGATE LIMIT is deleted and  
replaced with the following:  

This policy will apply to "loss" in excess of a reduced or  
exhausted aggregate limit of liability when:  

1) A "controlling underlying policy" is subject to an aggregate  
limit of liability; and  

(2) That particular aggregate limit of liability in the  
"controlling underlying policy" has been reduced or  
exhausted by the payment of judgments, settlements, costs or  
expenses arising out of claims which would be covered under  
this policy; and  

(3) Any other applicable aggregate limit of liability in the  
"underlying policy(ies)" has been reduced or exhausted by  
the payment of judgments, settlements, costs or expenses  
arising out of claims which would be covered under this  
policy.  

CG T6 50 09 90