APRIL 28, 1998

CIRCULAR NO. 10/98

TO MEMBERS OF THE ASSOCIATION

Dear Member:

MILLENNIUM CONFERENCES

In Circular No. 8/98, Members were advised that the International Group was in the process of arranging four conferences concerning the millennium bug, to be held in Asia, Europe and the United States in the early summer.

The dates of those conferences have now been finalized and are set out in the enclosed brochure. Members are urged to attend the conference most convenient to them. Representatives of the Managers will be attending the June 18 conference in Miami.

Yours faithfully,

Joseph E.M. Hughes, Chairman & CEO
Shipowners Claims Bureau, Inc., Managers for
THE AMERICAN CLUB