] Shares AMERICA ONLINE, INC. COMMON STOCK, $.01 PAR VALUE UNDERWRITING AGREEMENT June __, 1998 June __, 1998 Morgan Stanley & Co. Incorporated Lehman Brothers Inc. c/o Morgan Stanley & Co. Incorporated 1585 Broadway New York, New York 10036 Dear Sirs...Underwriting Agreement • June 24th, 1998 • America Online Inc • Services-computer programming, data processing, etc. • New York
