# NORTHWESTERN NATIONAL INSURANCE GROUP

HOME OFFICE: 751 NORTH JACKSON STREET / MILWAUKEE, WISCONSIN 53203 / PHONE (414) 763-8444

March 1, 1974

Mr. Richard T. Michel
Johnson & Higgins
95 Wall Street
New York, New York 10005

Re: International Business Machines Corp.
XLP 40 18 54 and XLP 40 18 57

Dear Dick:

You were going to provide us with a copy of the umbrella policy over which the excess layers are written. Have you now secured a copy of the renewal umbrella which was to be effective November 5, 1973? I'd appreciate a copy if you have.

In answer to your question regarding the application of limits on our policy XLP 40 18 57, our policy follows the underlying policies and the aggregate would apply in the same manner as the underlying policies.

Let me know if you have any questions on this, Dick.

William H. Highum
Staff Assistant
Cas., Excess & Spec. Lines

WHH/dms