X0202 4/A 2004-05-27 2004-06-01 0 0000896159 ACE LTD ACE 0001057427 SCOTT WALTER A ACE GLOBAL HEADQUARTERS 17 WOODBOURNE AVENUE HAMILTON, BERMUDA HM 08 1 0 0 0 Ordinary Shares 2004-05-27 4 A 0 2168.675 41.50 A 387532.655 D Stock units, representing the right to receive Ordinary Shares, granted as an annual director retainer fee issued under the ACE Limited 2004 Long-Term Incentive Plan (the "Plan"), which meets the requirements of Rule 16b-3. Such stock units will vest on the day prior to the date of the next annual ACE Limited shareholder meeting, assuming the reporting person is a director of ACE Limited on such date. Ordinary Shares will be issued for such stock units six months after the Director's termination from the Board or pursuant to such later deferral schedule as the director may elect. The total has been adjusted to reflect a correction to the share units credited to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the ACE Limited Equity Linked Incentive Plan-Stock Appreciation Rights Plan which meets the requirements of Rule 16b-3. As explained in footnote 1 to Mr. Scott's Form 5 amendment with respect to ACE Limited's fiscal year ended December 31, 2001, due to an administrative error, there previously had been an overreporting of 201.16 share units from the dividend reinvestment. Total includes a total of 4,764.10 share units credited a various times from January 10, 2003 thru January 14, 2004 to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the ACE Limited 1995 Outside Directors Plan which meets the requirements of Rule 16b-3. By: Peter N. Mear Attorney-in-fact 2004-06-21