JUNE 17, 1998

CIRCULAR NO. 13/98

TO MEMBERS OF THE ASSOCIATION

Dear Member:

THE MILLENNIUM BUG - SHIP2000 TOOLKIT

Reference is made to Circulars 8/98 and 10/98 of March 26 and April 28, 1998 respectively.

We are now pleased to enclose herein your complimentary copy of the International Group's SHIP2000 toolkit referred to in the brochure circulated in conjunction with Circular 10/98.

Yours faithfully,

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