Bulletin: AZ000007

EXHIBIT A

Memorandum

EFFECTIVE DATE: August 15, 1996

TO:All Arizona Stewart Title Guaranty Company Issuing Agents

FROM:Marietta M. Maxfield, Vice-President/Special Counsel

RE:Implementing Settlement of Anti-Trust Litigation in MDL 94-1027

Please find enclosed a notice and proof of entitlement to be attached to every commitment for title insurance you send out from now through August 15, 1997.

Please forward the notice and proof of entitlement to every customer who has ordered title insurance since August 15, 1996. If you are contacted by anyone who receives a notice or provides a proof of entitlement, please forward all documentation to me by facsimile and by mail; endorsements will be provided on request.

Thank you.

EXHIBIT B

NOTICE TO PURCHASERS OF TITLE INSURANCE AND RELATED
SERVICES FROM JANUARY 1, 1981 THROUGH JUNE 10, 1986

The settlement of certain litigation involving Stewart Title Guaranty Company and a number of other title insurance companies may entitle you to a special benefit. If you believe that you are entitled to this benefit, we need specific information from you which is requested in a Proof of Entitlement Form.

This benefit is part of the settlement of certain litigation approved on May 3, 1996 by the United States District Court for the District of Arizona and entitled, In Re Title Search and Examination Services Antitrust Litigation, MDL 94-1027.

If during the time period from January 1, 1981 through June 10, 1986, inclusive, you purchased title insurance or related services, including search and examination, for property located in Arizona or Wisconsin, we may provide you with the last $5,000 of coverage without charge on any new title insurance policy purchased from us from August 15, 1996 through August 15, 1997 and the company issuing your former policy may provide you with an endorsement enhancing your coverage by 60%.

If this situation applies to you, you must provide the information requested on the Proof of Entitlement and return it to us.

EXHIBIT C

PROOF OF ENTITLEMENT (ARIZONA)

1. Did you purchase or obtain title insurance or related services during the period of January 1, 1981 or June 10, 1986 inclusive? _______ Yes _______ No

2. If your answer to question No. 1 was yes, please indicate which item you purchased:

_____
Owner's title insurance policy. Please indicate the name(s) of the insured on that policy ___________________________________________________________

___________________________________________________________________

____________________________________________________________________

_____ Tract book or lot book search

_____ Other. Please describe: ___________________________________________

____________________________________________________________________

_____ Stewart Title Guaranty Company or one of its agents

_____ Ticor Title Insurance Company or one of its agents

_____ First American Title Insurance Company or one of its agents

_____ Lawyers Title Insurance Corporation or one of its agents

_____ Security Union Title Insurance Company or one of its agents

_____ Title Insurance Company of Minnesota or one of its agents

_____ American Title Insurance Company or one of its agents

_____ Commonwealth Land Title Insurance Company or one of its agents

_____ TRW Title Insurance Company or one of its agents

_____ National Attorney's Title Insurance Company or one of its agents

_____ Title USA Insurance Corporation of New York or one of its agents

_____ Old Republic Title Insurance Company or one of its agents

_____ Fidelity National Title Insurance Company or one of its agents

_____ Meridian Title Insurance Company or one of its agents

_____ Security Title Insurance Company or one of its agents

_____ Transamerica Title Insurance Company or one of its agents

_____ Nations Title, Inc. or one of its agents

_____ Nations Title Insurance Company or one of its agents

_____ Other (Please name) __________________________________________

4. Approximate date of the purchase: _______________________________________

Please attach a copy of your paid bill, a closing statement, canceled check or any other document which shows that you paid for the item or service indicated at question No. 2.

I represent that the above information is true and correct to the best of my knowledge.

Date: ________________________________________
Your signature

Order No. ______________

ENDORSEMENT EXHIBIT "D"
ENDORSEMENT TO TITLE POLICY
SERIAL NUMBER
ISSUED BY

STEWART TITLE
GUARANTY COMPANY
HEREIN CALLED THE COMPANY

IN RE: TITLE SEARCH AND EXAMINATION SERVICES ANTITRUST LITIGATION, U.S. DISTRICT COURT, DISTRICT OF ARIZONA, MDL DOCKET NO. 94-1027

This Endorsement forms a part of the title insurance policy to which it is attached on the inception date of the Policy of Title Insurance purchased during the period between January 1, 1981 and June 10, 1986, inclusive, for property located in ______________________ issued by the Company or its Agents.

The amount of insurance coverage stated in Schedule A of said Policy is increased without additional charge to cover the amount which would reflect inflation between January 1, 1981 and August 15, 1996, as measured from the policy date, by the most recent Department of Commerce construction Index, and any increase in coverage under this endorsement will be calculated as though the enhancement had been in effect ab initio PURSUANT TO ORDER AND JUDGMENT OF U.S. DISTRICT COURT FOR ARIZONA dated May 3, 1996, In Re: Title Search and Examination Services Antitrust Litigation, U.S. District Court for the District of Arizona, M.D.L. No. 94-1027.

The total liability of the Company under said Policy and any endorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the Conditions and Stipulations thereof to pay.

This endorsement is made a part of said policy and is subject to the Exclusions from Coverage, Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof.

This endorsement is not to be construed as insuring the title as of any later date than the date of said policy, except as herein expressly provided as to the subject matter hereof.

Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature, this the _____ day of ______, 199__.

STEWART TITLE
GUARANTY COMPANY

___________________________ ________________________
Chairman of the Board President

Countersigned by:

ENDORSEMENT EXHIBIT "E"
An Endorsement to be attached to new policies where last $5,000 of insurance coverage is provided without charge.

ENDORSEMENT TO TITLE POLICY
SERIAL NUMBER
ISSUED BY

STEWART TITLE
GUARANTY COMPANY
HEREIN CALLED THE COMPANY

IN RE: TITLE SEARCH AND EXAMINATION SERVICES ANTITRUST LITIGATION, U.S. DISTRICT COURT FOR THE DISTRICT OF ARIZONA, M.D.L. NO. 94-1027

The last Five Thousand ($5,000.00) Dollars of insurance coverage stated in Schedule A of the Policy is provided without charge PURSUANT TO THE ORDER AND JUDGMENT OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA DATED MAY 3, 1996.

This Endorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof.

Nothing herein contained shall be construed as extending or changing the effective date of said policy, unless otherwise expressly stated.

Signed under seal for the Company, but this Endorsement is to be valid only when it bears an authorized countersignature, this the _____ day of _______, 199_.

STEWART TITLE
GUARANTY COMPANY

______________________________ __________________________
Chairman of the Board President

Countersigned by:

____________________________________
Authorized Signatory