July 7, 1998 INFORMATIONAL MEMORANDUM: R&D-98-029 TO: All Reinsured Companies All Risk Management Field Offices FROM: Tim B. Witt /S/ Tim B. Witt Deputy Administrator SUBJECT: 1998 Season Average Market Prices for Tobacco The season average market prices referenced in the tobacco endorsements for types 32, 41, 51 and 61 are listed below. The market prices for tobacco types shown below have been released as part of the Actuarial Data Master. Type Crop Code Average Price ($/Pound) 32 232 Maryland Tobacco Maryland $1.72 Pennsylvania $1.30 41 234 Cigar Filler Tobacco $1.60 51 235 Cigar Binder Tobacco $7.41 61 236 Cigar Wrapper Tobacco $32.28