**Johnson & Higgins**

Established 1845

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

63 Wall St., New York, N.Y. 100
Tel: 944-3140 Area Code 212

June 10, 1969

Miss Dolores Warnecke, Ins. Dept.
International Business Machines Dept.
Armonk, New York

Dear Miss Warnecke:
RE: PANAMA CANAL ZONE

As requested, attached find our Advice of Insurance binding coverage for IBM employees while using U.S. Government automobiles at Ft. Clayton Army Base in the Panama Canal Zone.

We also wish to confirm at this time that accidents occurring outside the Panama Canal Zone are not covered as the area would not be within the territorial definition of your policy.

Further, no endorsement will be added to the policy and we therefore suggest that the attached be made a part of your permanent file.

Please call if you have any questions.

Very truly yours,
Richard T. Michel

mb

MICROFILMED SEP 12 1971
MICROFILMED AUG 12 1969
IBM 062343