<PAGE>







NUMBER                                               $100,000,000
R-001                                         CUSIP NO. 023589AA2

              SEE REVERSE FOR CERTAIN DEFINITIONS

          THE CERTIFICATE (OR ITS PREDECESSOR) EVIDENCED HEREBY
HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES
LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION
HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, REGISTRATION.

          BY ACQUISITION HEREOF, THE HOLDER OF THIS SECURITY
AGREES THAT IT WILL NOT OFFER, SELL OR OTHERWISE TRANSFER SUCH
SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION
DATE") WHICH IS ONE YEAR AFTER THE LATER OF THE DATE OF THE
ACQUISITION OF THE CERTIFICATES FROM THE COMPANY OR ANY AFFILIATE
OF THE COMPANY AND THE DATE OF ANY RESALE OF CERTIFICATES FOR THE
ACCOUNT OF EITHER THE ACQUIROR OR ANY SUBSEQUENT HOLDER OF THE
CERTIFICATES, EXCEPT (A) TO THE TRUST, (B) PURSUANT TO A
REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE
SECURITIES ACT, (C) FOR SO LONG AS THE CERTIFICATES ARE ELIGIBLE
FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED
INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT
OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT UPON THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO
THE TRUSTEE AND THE COMPANY, OR (E) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT UPON THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO THE TRUSTEE AND THE
COMPANY, SUBJECT IN EACH OF THE FOREGOING CASES, TO A CERTIFICATE
OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS
SECURITY BEING COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE
TRUSTEE.  THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

          THIS CERTIFICATE REPRESENTS A FRACTIONAL UNDIVIDED
INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR
AN INTEREST IN, AND IS NOT GUARANTEED BY AMERCO OR THE TRUSTEE OR
ANY OF THEIR RESPECTIVE AFFILIATES.  NEITHER THIS CERTIFICATE NOR
THE TRUST ASSETS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL
AGENCY OR ANY OTHER PERSON.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
<PAGE>
CORPORATION, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

          AMERCO SERIES 1997-A BOND BACKED ASSET TRUST
                                
          6.65% AMERCO SERIES 1997-A BOND BACKED ASSET
        TRUST CERTIFICATES, ("BATs") DUE OCTOBER 15, 1999
                              ----  
evidencing a fractional undivided beneficial ownership interest
in the Trust, as defined below, the property of which consists
principally of $100,000,000 aggregate principal amount of 6.65%
Notes, Series 1997-A due October 15, 2032 (collectively, the
"Notes") of AMERCO (the "Company").  The Notes have been
 -----                   -------
purchased by the Trust from the Company with the proceeds of the
sale of the Certificates and the Call Options (as defined
herein).

          THIS CERTIFIES THAT CEDE & CO. is the registered owner
of a nonassessable, fully-paid, fractional undivided interest in
the AMERCO SERIES 1997-A BOND BACKED ASSET TRUST formed by the
Company equal to a Certificate Principal Balance of $100,000,000.
Under the Trust Agreement, there will be distributed on the 15th
day of each April and October, or if such day is not a Business
Day, the next succeeding Business Day, commencing April 15, 1998
through and including the Final Distribution Date (each a
"Distribution Date"), to the extent of Available Funds (as
 -----------------
defined below), an amount equal to the interest collected on the
Notes.  On the Final Distribution Date, there will be
distributed, to the extent of Available Funds, all distributions
received from or in respect of the Trust Assets.

          The Trust was created pursuant to a Trust Agreement
dated as of October 22, 1997 (the "Trust Agreement"), between the
                                   ---------------
Company and IBJ Schroder Bank & Trust Company, not in its
individual capacity but solely as Trustee (the "Trustee").  This
                                                -------
Certificate does not purport to summarize the Trust Agreement and
reference is hereby made to the Trust Agreement for information
with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and
obligations of the Trustee with respect hereto.  A copy of the
Trust Agreement may be obtained from the Trustee by written
request sent to the Corporate Trust Office.  Capitalized terms
used but not defined herein have the meanings assigned to them in
the Trust Agreement.

          This Certificate is one of the duly authorized
Certificates designated as 6.65% AMERCO Series 1997-A Bond Backed
Asset Trust Certificates ("BATs") Due October 15, 1999 (herein
                           ----
called the "Certificates").  Concurrently with the issuance of
            ------------
the Certificates, the Trustee will issue call options (the "Call
                                                            ----
Options") to Citibank, N.A. and NationsBank, N.A. (the
-------
"Callholders") pursuant to which each Callholder has the right,
 -----------
but not the obligation, to purchase all, but not less than all,
the Notes from the Trust on the Final Distribution Date at a
purchase price equal to 100% of the outstanding principal amount
thereof.  If (i) the Call Options are not exercised at or prior
to 4:00 p.m. New York City time on the date three Business Days
<PAGE>
prior to the Final Distribution Date, or (ii) following any such
exercise, the Callholders fail to make payment in full when due
for the purchase of the Notes, then the Trustee, on behalf of the
Certificateholders, shall, immediately thereafter, give
irrevocable written notice to the Company that it intends to
exercise the Put Option on the Final Distribution Date in
accordance with the terms of the Notes and the Indenture.  Any
such notice shall be irrevocable.

          This Certificate is issued under and is subject to the
terms, provisions and conditions of the Trust Agreement, to which
Trust Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.  The
property of the Trust consists primarily of the Notes and all
payments on or collections in respect of the Notes accrued on or
after the Closing Date (not including any interest or other
reinvestment income received with respect to the foregoing) and
any proceeds from the sale of the Notes pursuant to the Put
Option or the Call Options, as the case may be.

          Subject to the terms and conditions of the Trust
Agreement and the Call Options (including the availability of
funds for distributions) and until the obligation created by the
Trust Agreement shall have terminated in accordance therewith,
distributions will be made on each Distribution Date to the
Person in whose name this Certificate is registered on the
applicable Record Date, in an amount equal to such
Certificateholder's fractional undivided interest in the amount
required to be distributed to the Holders of the Certificates on
such Distribution Date.  If a payment with respect to the Notes
is not made to the Trustee by 11:00 a.m. (New York City time) on
the date such payment is due, or if such payment is not made on
the due date, the Trustee will upon receipt of such funds make
such distribution on the next Business Day (and no additional
amounts of interest shall accrue on the Certificates or be owed
to Certificateholders as a result of any such delay).

          Distributions made on this Certificate will be made as
provided in the Trust Agreement by the Trustee by wire transfer
in immediately available funds, without the presentation or
surrender of this Certificate or the making of any notation
hereon.  Except as otherwise provided in the Trust Agreement and
notwithstanding the above, the Final Distribution on this
Certificate will be made after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in the Borough of Manhattan, the
City of New York.

          Reference is hereby made to the further provisions of
this Certificate set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set
forth at this place.

          Unless the certificate of authentication hereon has
been executed by or on behalf of the Trustee, by manual
signature, this Certificate shall not entitle the holder hereof
to any benefit under the Trust Agreement or be valid for any
purpose.

          THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE HOLDER HEREOF SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.
<PAGE>

          IN WITNESS WHEREOF, the Trust has caused this
Certificate to be duly executed as of the date set forth below.


                              AMERCO SERIES 1997-A
                                BOND BACKED ASSET TRUST

                              by IBJ Schroder Bank & Trust Company,
                                not in its individual capacity but
                                solely as Trustee


                              By:__________________________
                                 Authorized Officer

Dated:  October 22, 1997



            TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Certificates described in the Trust
Agreement referred to herein.


                              IBJ Schroder Bank & Trust Company,
                                as Trustee






                              By:_______________________________
                                   Authorized Signatory
<PAGE>
                 (REVERSE OF TRUST CERTIFICATE)


          The Certificates are limited in right of distribution
to certain payments and collections respecting the Trust
Agreement, all as more specifically set forth herein and in the
Trust Agreement.  The registered Holder hereof, by its acceptance
hereof, agrees that it will look solely to payments under the
Notes, the Call Options and the Put Option (to the extent of its
rights therein) for distributions hereunder.

          Subject to the next paragraph and to certain exceptions
provided in the Trust Agreement and the Call Options, the Trust
Agreement permits the amendment thereof and the modification of
the rights and obligations of the Company and the Trustee and the
rights of the Certificateholders under the Trust Agreement at any
time by the Company and the Trustee with the consent of the
Holders of Certificates evidencing more than 50% of the aggregate
Voting Rights of Outstanding Certificates subject to certain
provisions set forth in the Trust Agreement.  Any such consent by
the Holder of this Certificate (or any predecessor Certificate)
shall be conclusive and binding on such Holder and upon all
future Holders of this Certificate and of any Certificate issued
upon the transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent is made upon this
Certificate.  The Trust Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of
the Holders of any of the Certificates.

          Under the terms of the Call Options and the Trust
Agreement, Certificateholders will not be entitled to terminate
the Trust or cause the sale or other disposition of the Notes.
In addition, amendment of the Trust Agreement may require, and
amendment of the Call Options generally will require, consent of
the Callholders, all as provided in the Call Options and the
Trust Agreement.

          The Certificates are issuable in fully registered form
only in minimum original principal amounts of $100,000 and
integral multiples thereof.  As provided in the Trust Agreement
and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of the same
principal amount, class, original issue date and maturity, in
authorized denominations as requested by the Holder surrendering
the same.

          As provided in the Trust Agreement and subject to
certain limitations therein set forth, the transfer of this
Certificate is registrable in the Certificate Register upon
surrender of this Certificate for registration of transfer at the
offices or agencies of the Certificate Registrar maintained by
the Trustee in the Borough of Manhattan, the City of New York,
duly endorsed by or accompanied by an assignment in the form
below and by such other documents as required by the Trust
Agreement, and thereupon one or more new Certificates of the same
class in authorized denominations evidencing the same principal
amount will be issued to the designated transferee or
transferees.  The Certificate Registrar appointed under the Trust
Agreement is IBJ Schroder Bank & Trust Company.

          No service charge will be made for any registration of
transfer or exchange, but the Trustee may require payment of a
sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any transfer or exchange of
Certificates.
<PAGE>

          The Company and the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes,
and neither the Company, the Trustee, nor any such agent shall be
affected by any notice to the contrary.

          The Trust and the obligations of the Company and the
Trustee created by the Trust Agreement with respect to the
Certificates shall terminate upon the earliest to occur of (i)
the distribution in full of all amounts due to Certificateholders
on a sale of the Notes in accordance with the Call Options or
repurchase by the Company of the Notes pursuant to the Put
Option, (ii) the distribution of all proceeds received by the
Trustee in connection with certain circumstances described in the
Trust Agreement following an Event of Default and (iii) the
expiration of 21 years from the death of the last survivor of the
descendants of the youngest Executive Officer of the Company,
measured as of the date of the Trust Agreement, living on the
date hereof.
<PAGE>
                           ASSIGNMENT


          FOR VALUE RECEIVED the undersigned hereby sells,
assigns and transfers unto [PLEASE INSERT SOCIAL SECURITY OR
TAXPAYER IDENTIFICATION OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

_________________________________________________________________
(Please print or type name and address, including postal zip
code, of assignee)


_________________________________________________________________
the within Trust Certificate, and all rights thereunder, hereby
irrevocably constituting and appointing


_________________________________________________________________
Attorney to transfer said Trust Certificate on the books of the
Certificate Registrar, with full power of substitution in the
premises.



Dated:_______________



                              _______________________________*
                              Signature Guaranteed;

                              _______________________________*



*  NOTICE:  The signature to this assignment must correspond with
the name as it appears upon the face of the within Trust
Certificate in every particular, without alteration, enlargement
or any change whatever.  Such signature must be guaranteed by an
"eligible guarantor institution" meeting the requirements of the
Certificate Registrar, which requirements include membership or
participation in STAMP or such other "signature guarantee
program" as may be determined by the Certificate Registrar in
addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.
<PAGE>


NUMBER                                               $100,000,000
R-001                                         CUSIP NO. 023589AB0

              SEE REVERSE FOR CERTAIN DEFINITIONS

          THE CERTIFICATE (OR ITS PREDECESSOR) EVIDENCED HEREBY
HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES
LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION
HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, REGISTRATION.

          BY ACQUISITION HEREOF, THE HOLDER OF THIS SECURITY
AGREES THAT IT WILL NOT OFFER, SELL OR OTHERWISE TRANSFER SUCH
SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION
DATE") WHICH IS ONE YEAR AFTER THE LATER OF THE DATE OF THE
ACQUISITION OF THE CERTIFICATES FROM THE COMPANY OR ANY AFFILIATE
OF THE COMPANY AND THE DATE OF ANY RESALE OF CERTIFICATES FOR THE
ACCOUNT OF EITHER THE ACQUIROR OR ANY SUBSEQUENT HOLDER OF THE
CERTIFICATES, EXCEPT (A) TO THE TRUST, (B) PURSUANT TO A
REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE
SECURITIES ACT, (C) FOR SO LONG AS THE CERTIFICATES ARE ELIGIBLE
FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED
INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT
OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT UPON THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO
THE TRUSTEE AND THE COMPANY, OR (E) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT UPON THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO THE TRUSTEE AND THE
COMPANY, SUBJECT IN EACH OF THE FOREGOING CASES, TO A CERTIFICATE
OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS
SECURITY BEING COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE
TRUSTEE.  THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

          THIS CERTIFICATE REPRESENTS A FRACTIONAL UNDIVIDED
INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR
AN INTEREST IN, AND IS NOT GUARANTEED BY AMERCO OR THE TRUSTEE OR
ANY OF THEIR RESPECTIVE AFFILIATES.  NEITHER THIS CERTIFICATE NOR
THE TRUST ASSETS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL
AGENCY OR ANY OTHER PERSON.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
<PAGE>
CORPORATION, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

          AMERCO SERIES 1997-B BOND BACKED ASSET TRUST
                                
          6.89% AMERCO SERIES 1997-B BOND BACKED ASSET
        TRUST CERTIFICATES, ("BATs") DUE OCTOBER 15, 2000
                              ----
evidencing a fractional undivided beneficial ownership interest
in the Trust, as defined below, the property of which consists
principally of $100,000,000 aggregate principal amount of 6.89%
Notes, Series 1997-B due October 15, 2010 (collectively, the
"Notes") of AMERCO (the "Company").  The Notes have been
 -----                   -------
purchased by the Trust from the Company with the proceeds of the
sale of the Certificates and the Call Options (as defined
herein).

          THIS CERTIFIES THAT CEDE & CO. is the registered owner
of a nonassessable, fully-paid, fractional undivided interest in
the AMERCO SERIES 1997-B BOND BACKED ASSET TRUST formed by the
Company equal to a Certificate Principal Balance of $100,000,000.
Under the Trust Agreement, there will be distributed on the 15th
day of each April and October, or if such day is not a Business
Day, the next succeeding Business Day, commencing April 15, 1998
through and including the Final Distribution Date (each a
"Distribution Date"), to the extent of Available Funds (as
 -----------------
defined below), an amount equal to the interest collected on the
Notes.  On the Final Distribution Date, there will be
distributed, to the extent of Available Funds, all distributions
received from or in respect of the Trust Assets.

          The Trust was created pursuant to a Trust Agreement
dated as of October 22, 1997 (the "Trust Agreement"), between the
                                   ---------------
Company and IBJ Schroder Bank & Trust Company, not in its
individual capacity but solely as Trustee (the "Trustee").  This
                                                -------
Certificate does not purport to summarize the Trust Agreement and
reference is hereby made to the Trust Agreement for information
with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and
obligations of the Trustee with respect hereto.  A copy of the
Trust Agreement may be obtained from the Trustee by written
request sent to the Corporate Trust Office.  Capitalized terms
used but not defined herein have the meanings assigned to them in
the Trust Agreement.

          This Certificate is one of the duly authorized
Certificates designated as 6.89% AMERCO Series 1997-B Bond Backed
Asset Trust Certificates ("BATs") Due October 15, 2000 (herein
                           ----
called the "Certificates").  Concurrently with the issuance of
            ------------
the Certificates, the Trustee will issue call options (the "Call
                                                            ----
Options") to Citibank, N.A. and NationsBank, N.A. (the
-------
"Callholders") pursuant to which each Callholder has the right,
 -----------
but not the obligation, to purchase all, but not less than all,
the Notes from the Trust on the Final Distribution Date at a
purchase price equal to 100% of the outstanding principal amount
thereof.  If (i) the Call Options are not exercised at or prior
to 4:00 p.m. New York City time on the date three Business Days
<PAGE>
prior to the Final Distribution Date, or (ii) following any such
exercise, the Callholders fail to make payment in full when due
for the purchase of the Notes, then the Trustee, on behalf of the
Certificateholders, shall, immediately thereafter, give
irrevocable written notice to the Company that it intends to
exercise the Put Option on the Final Distribution Date in
accordance with the terms of the Notes and the Indenture.  Any
such notice shall be irrevocable.

          This Certificate is issued under and is subject to the
terms, provisions and conditions of the Trust Agreement, to which
Trust Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.  The
property of the Trust consists primarily of the Notes and all
payments on or collections in respect of the Notes accrued on or
after the Closing Date (not including any interest or other
reinvestment income received with respect to the foregoing) and
any proceeds from the sale of the Notes pursuant to the Put
Option or the Call Options, as the case may be.

          Subject to the terms and conditions of the Trust
Agreement and the Call Options (including the availability of
funds for distributions) and until the obligation created by the
Trust Agreement shall have terminated in accordance therewith,
distributions will be made on each Distribution Date to the
Person in whose name this Certificate is registered on the
applicable Record Date, in an amount equal to such
Certificateholder's fractional undivided interest in the amount
required to be distributed to the Holders of the Certificates on
such Distribution Date.  If a payment with respect to the Notes
is not made to the Trustee by 11:00 a.m. (New York City time) on
the date such payment is due, or if such payment is not made on
the due date, the Trustee will upon receipt of such funds make
such distribution on the next Business Day (and no additional
amounts of interest shall accrue on the Certificates or be owed
to Certificateholders as a result of any such delay).

          Distributions made on this Certificate will be made as
provided in the Trust Agreement by the Trustee by wire transfer
in immediately available funds, without the presentation or
surrender of this Certificate or the making of any notation
hereon.  Except as otherwise provided in the Trust Agreement and
notwithstanding the above, the Final Distribution on this
Certificate will be made after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in the Borough of Manhattan, the
City of New York.

          Reference is hereby made to the further provisions of
this Certificate set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set
forth at this place.

          Unless the certificate of authentication hereon has
been executed by or on behalf of the Trustee, by manual
signature, this Certificate shall not entitle the holder hereof
to any benefit under the Trust Agreement or be valid for any
purpose.

          THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE HOLDER HEREOF SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.
<PAGE>

          IN WITNESS WHEREOF, the Trust has caused this
Certificate to be duly executed as of the date set forth below.


                              AMERCO SERIES 1997-B
                                BOND BACKED ASSET TRUST

                              by IBJ Schroder Bank & Trust Company,
                                not in its individual capacity but
                                solely as Trustee


                              By:__________________________
                                 Authorized Officer

Dated:  October 22, 1997



            TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Certificates described in the Trust
Agreement referred to herein.


                              IBJ Schroder Bank & Trust Company,
                                as Trustee






                              By:_______________________________
                                   Authorized Signatory
<PAGE>
                 (REVERSE OF TRUST CERTIFICATE)


          The Certificates are limited in right of distribution
to certain payments and collections respecting the Trust
Agreement, all as more specifically set forth herein and in the
Trust Agreement.  The registered Holder hereof, by its acceptance
hereof, agrees that it will look solely to payments under the
Notes, the Call Options and the Put Option (to the extent of its
rights therein) for distributions hereunder.

          Subject to the next paragraph and to certain exceptions
provided in the Trust Agreement and the Call Options, the Trust
Agreement permits the amendment thereof and the modification of
the rights and obligations of the Company and the Trustee and the
rights of the Certificateholders under the Trust Agreement at any
time by the Company and the Trustee with the consent of the
Holders of Certificates evidencing more than 50% of the aggregate
Voting Rights of Outstanding Certificates subject to certain
provisions set forth in the Trust Agreement.  Any such consent by
the Holder of this Certificate (or any predecessor Certificate)
shall be conclusive and binding on such Holder and upon all
future Holders of this Certificate and of any Certificate issued
upon the transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent is made upon this
Certificate.  The Trust Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of
the Holders of any of the Certificates.

          Under the terms of the Call Options and the Trust
Agreement, Certificateholders will not be entitled to terminate
the Trust or cause the sale or other disposition of the Notes.
In addition, amendment of the Trust Agreement may require, and
amendment of the Call Options generally will require, consent of
the Callholders, all as provided in the Call Options and the
Trust Agreement.

          The Certificates are issuable in fully registered form
only in minimum original principal amounts of $100,000 and
integral multiples thereof.  As provided in the Trust Agreement
and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of the same
principal amount, class, original issue date and maturity, in
authorized denominations as requested by the Holder surrendering
the same.

          As provided in the Trust Agreement and subject to
certain limitations therein set forth, the transfer of this
Certificate is registrable in the Certificate Register upon
surrender of this Certificate for registration of transfer at the
offices or agencies of the Certificate Registrar maintained by
the Trustee in the Borough of Manhattan, the City of New York,
duly endorsed by or accompanied by an assignment in the form
below and by such other documents as required by the Trust
Agreement, and thereupon one or more new Certificates of the same
class in authorized denominations evidencing the same principal
amount will be issued to the designated transferee or
transferees.  The Certificate Registrar appointed under the Trust
Agreement is IBJ Schroder Bank & Trust Company.

          No service charge will be made for any registration of
transfer or exchange, but the Trustee may require payment of a
sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any transfer or exchange of
Certificates.
<PAGE>

          The Company and the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes,
and neither the Company, the Trustee, nor any such agent shall be
affected by any notice to the contrary.

          The Trust and the obligations of the Company and the
Trustee created by the Trust Agreement with respect to the
Certificates shall terminate upon the earliest to occur of (i)
the distribution in full of all amounts due to Certificateholders
on a sale of the Notes in accordance with the Call Options or
repurchase by the Company of the Notes pursuant to the Put
Option, (ii) the distribution of all proceeds received by the
Trustee in connection with certain circumstances described in the
Trust Agreement following an Event of Default and (iii) the
expiration of 21 years from the death of the last survivor of the
descendants of the youngest Executive Officer of the Company,
measured as of the date of the Trust Agreement, living on the
date hereof.
<PAGE>
                           ASSIGNMENT


          FOR VALUE RECEIVED the undersigned hereby sells,
assigns and transfers unto [PLEASE INSERT SOCIAL SECURITY OR
TAXPAYER IDENTIFICATION OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

_________________________________________________________________
(Please print or type name and address, including postal zip
code, of assignee)


_________________________________________________________________
the within Trust Certificate, and all rights thereunder, hereby
irrevocably constituting and appointing


_________________________________________________________________
Attorney to transfer said Trust Certificate on the books of the
Certificate Registrar, with full power of substitution in the
premises.



Dated:_______________



                              _______________________________*
                              Signature Guaranteed;

                              _______________________________*



*  NOTICE:  The signature to this assignment must correspond with
the name as it appears upon the face of the within Trust
Certificate in every particular, without alteration, enlargement
or any change whatever.  Such signature must be guaranteed by an
"eligible guarantor institution" meeting the requirements of the
Certificate Registrar, which requirements include membership or
participation in STAMP or such other "signature guarantee
program" as may be determined by the Certificate Registrar in
addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.
<PAGE>


NUMBER                                               $100,000,000
R-001                                         CUSIP NO. 023589AC8

              SEE REVERSE FOR CERTAIN DEFINITIONS

          THE CERTIFICATE (OR ITS PREDECESSOR) EVIDENCED HEREBY
HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES
LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION
HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT
SUBJECT TO, REGISTRATION.

          BY ACQUISITION HEREOF, THE HOLDER OF THIS SECURITY
AGREES THAT IT WILL NOT OFFER, SELL OR OTHERWISE TRANSFER SUCH
SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION
DATE") WHICH IS ONE YEAR AFTER THE LATER OF THE DATE OF THE
ACQUISITION OF THE CERTIFICATES FROM THE COMPANY OR ANY AFFILIATE
OF THE COMPANY AND THE DATE OF ANY RESALE OF CERTIFICATES FOR THE
ACCOUNT OF EITHER THE ACQUIROR OR ANY SUBSEQUENT HOLDER OF THE
CERTIFICATES, EXCEPT (A) TO THE TRUST, (B) PURSUANT TO A
REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE
SECURITIES ACT, (C) FOR SO LONG AS THE CERTIFICATES ARE ELIGIBLE
FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
("RULE 144A"), TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED
INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A THAT PURCHASES FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT
OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION
S UNDER THE SECURITIES ACT UPON THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO
THE TRUSTEE AND THE COMPANY, OR (E) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT UPON THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
AND/OR OTHER INFORMATION SATISFACTORY TO THE TRUSTEE AND THE
COMPANY, SUBJECT IN EACH OF THE FOREGOING CASES, TO A CERTIFICATE
OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS
SECURITY BEING COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE
TRUSTEE.  THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

          THIS CERTIFICATE REPRESENTS A FRACTIONAL UNDIVIDED
INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR
AN INTEREST IN, AND IS NOT GUARANTEED BY AMERCO OR THE TRUSTEE OR
ANY OF THEIR RESPECTIVE AFFILIATES.  NEITHER THIS CERTIFICATE NOR
THE TRUST ASSETS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL
AGENCY OR ANY OTHER PERSON.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
<PAGE>
CORPORATION, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

          AMERCO SERIES 1997-C BOND BACKED ASSET TRUST
                                
          7.135% AMERCO SERIES 1997-C BOND BACKED ASSET
        TRUST CERTIFICATES, ("BATs") DUE OCTOBER 15, 2002
                              ----
evidencing a fractional undivided beneficial ownership interest
in the Trust, as defined below, the property of which consists
principally of $100,000,000 aggregate principal amount of 7.135%
Notes, Series 1997-C due October 15, 2032 (collectively, the
"Notes") of AMERCO (the "Company").  The Notes have been
 -----                   -------
purchased by the Trust from the Company with the proceeds of the
sale of the Certificates and the Call Options (as defined
herein).

          THIS CERTIFIES THAT CEDE & CO. is the registered owner
of a nonassessable, fully-paid, fractional undivided interest in
the AMERCO SERIES 1997-C BOND BACKED ASSET TRUST formed by the
Company equal to a Certificate Principal Balance of $100,000,000.
Under the Trust Agreement, there will be distributed on the 15th
day of each April and October, or if such day is not a Business
Day, the next succeeding Business Day, commencing April 15, 1998
through and including the Final Distribution Date (each a
"Distribution Date"), to the extent of Available Funds (as
 -----------------
defined below), an amount equal to the interest collected on the
Notes.  On the Final Distribution Date, there will be
distributed, to the extent of Available Funds, all distributions
received from or in respect of the Trust Assets.

          The Trust was created pursuant to a Trust Agreement
dated as of October 22, 1997 (the "Trust Agreement"), between the
                                   ---------------
Company and IBJ Schroder Bank & Trust Company, not in its
individual capacity but solely as Trustee (the "Trustee").  This
                                                -------
Certificate does not purport to summarize the Trust Agreement and
reference is hereby made to the Trust Agreement for information
with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and
obligations of the Trustee with respect hereto.  A copy of the
Trust Agreement may be obtained from the Trustee by written
request sent to the Corporate Trust Office.  Capitalized terms
used but not defined herein have the meanings assigned to them in
the Trust Agreement.

          This Certificate is one of the duly authorized
Certificates designated as 7.135% AMERCO Series 1997-C Bond
Backed Asset Trust Certificates ("BATs") Due October 15, 2002
                                  ----
(herein called the "Certificates").  Concurrently with the
                    ------------
issuance of the Certificates, the Trustee will issue call options
(the "Call Options") to Citibank, N.A. and NationsBank, N.A. (the
      ------------
"Callholders") pursuant to which each Callholder has the right,
 -----------
but not the obligation, to purchase all, but not less than all,
the Notes from the Trust on the Final Distribution Date at a
purchase price equal to 100% of the outstanding principal amount
thereof.  If (i) the Call Options are not exercised at or prior
to 4:00 p.m. New York City time on the date three Business Days
<PAGE>
prior to the Final Distribution Date, or (ii) following any such
exercise, the Callholders fail to make payment in full when due
for the purchase of the Notes, then the Trustee, on behalf of the
Certificateholders, shall, immediately thereafter, give
irrevocable written notice to the Company that it intends to
exercise the Put Option on the Final Distribution Date in
accordance with the terms of the Notes and the Indenture.  Any
such notice shall be irrevocable.

          This Certificate is issued under and is subject to the
terms, provisions and conditions of the Trust Agreement, to which
Trust Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.  The
property of the Trust consists primarily of the Notes and all
payments on or collections in respect of the Notes accrued on or
after the Closing Date (not including any interest or other
reinvestment income received with respect to the foregoing) and
any proceeds from the sale of the Notes pursuant to the Put
Option or the Call Options, as the case may be.

          Subject to the terms and conditions of the Trust
Agreement and the Call Options (including the availability of
funds for distributions) and until the obligation created by the
Trust Agreement shall have terminated in accordance therewith,
distributions will be made on each Distribution Date to the
Person in whose name this Certificate is registered on the
applicable Record Date, in an amount equal to such
Certificateholder's fractional undivided interest in the amount
required to be distributed to the Holders of the Certificates on
such Distribution Date.  If a payment with respect to the Notes
is not made to the Trustee by 11:00 a.m. (New York City time) on
the date such payment is due, or if such payment is not made on
the due date, the Trustee will upon receipt of such funds make
such distribution on the next Business Day (and no additional
amounts of interest shall accrue on the Certificates or be owed
to Certificateholders as a result of any such delay).

          Distributions made on this Certificate will be made as
provided in the Trust Agreement by the Trustee by wire transfer
in immediately available funds, without the presentation or
surrender of this Certificate or the making of any notation
hereon.  Except as otherwise provided in the Trust Agreement and
notwithstanding the above, the Final Distribution on this
Certificate will be made after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in the Borough of Manhattan, the
City of New York.

          Reference is hereby made to the further provisions of
this Certificate set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set
forth at this place.

          Unless the certificate of authentication hereon has
been executed by or on behalf of the Trustee, by manual
signature, this Certificate shall not entitle the holder hereof
to any benefit under the Trust Agreement or be valid for any
purpose.

          THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE HOLDER HEREOF SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.
<PAGE>

          IN WITNESS WHEREOF, the Trust has caused this
Certificate to be duly executed as of the date set forth below.


                              AMERCO SERIES 1997-C
                                BOND BACKED ASSET TRUST

                              by IBJ Schroder Bank & Trust Company,
                                not in its individual capacity but
                                solely as Trustee


                              By:__________________________
                                 Authorized Officer

Dated:  October 22, 1997



            TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Certificates described in the Trust
Agreement referred to herein.


                              IBJ Schroder Bank & Trust Company,
                                as Trustee






                              By:_______________________________
                                   Authorized Signatory
<PAGE>
                 (REVERSE OF TRUST CERTIFICATE)


          The Certificates are limited in right of distribution
to certain payments and collections respecting the Trust
Agreement, all as more specifically set forth herein and in the
Trust Agreement.  The registered Holder hereof, by its acceptance
hereof, agrees that it will look solely to payments under the
Notes, the Call Options and the Put Option (to the extent of its
rights therein) for distributions hereunder.

          Subject to the next paragraph and to certain exceptions
provided in the Trust Agreement and the Call Options, the Trust
Agreement permits the amendment thereof and the modification of
the rights and obligations of the Company and the Trustee and the
rights of the Certificateholders under the Trust Agreement at any
time by the Company and the Trustee with the consent of the
Holders of Certificates evidencing more than 50% of the aggregate
Voting Rights of Outstanding Certificates subject to certain
provisions set forth in the Trust Agreement.  Any such consent by
the Holder of this Certificate (or any predecessor Certificate)
shall be conclusive and binding on such Holder and upon all
future Holders of this Certificate and of any Certificate issued
upon the transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent is made upon this
Certificate.  The Trust Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of
the Holders of any of the Certificates.

          Under the terms of the Call Options and the Trust
Agreement, Certificateholders will not be entitled to terminate
the Trust or cause the sale or other disposition of the Notes.
In addition, amendment of the Trust Agreement may require, and
amendment of the Call Options generally will require, consent of
the Callholders, all as provided in the Call Options and the
Trust Agreement.

          The Certificates are issuable in fully registered form
only in minimum original principal amounts of $100,000 and
integral multiples thereof.  As provided in the Trust Agreement
and subject to certain limitations therein set forth,
Certificates are exchangeable for new Certificates of the same
principal amount, class, original issue date and maturity, in
authorized denominations as requested by the Holder surrendering
the same.

          As provided in the Trust Agreement and subject to
certain limitations therein set forth, the transfer of this
Certificate is registrable in the Certificate Register upon
surrender of this Certificate for registration of transfer at the
offices or agencies of the Certificate Registrar maintained by
the Trustee in the Borough of Manhattan, the City of New York,
duly endorsed by or accompanied by an assignment in the form
below and by such other documents as required by the Trust
Agreement, and thereupon one or more new Certificates of the same
class in authorized denominations evidencing the same principal
amount will be issued to the designated transferee or
transferees.  The Certificate Registrar appointed under the Trust
Agreement is IBJ Schroder Bank & Trust Company.

          No service charge will be made for any registration of
transfer or exchange, but the Trustee may require payment of a
sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any transfer or exchange of
Certificates.
<PAGE>

          The Company and the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this
Certificate is registered as the owner hereof for all purposes,
and neither the Company, the Trustee, nor any such agent shall be
affected by any notice to the contrary.

          The Trust and the obligations of the Company and the
Trustee created by the Trust Agreement with respect to the
Certificates shall terminate upon the earliest to occur of (i)
the distribution in full of all amounts due to Certificateholders
on a sale of the Notes in accordance with the Call Options or
repurchase by the Company of the Notes pursuant to the Put
Option, (ii) the distribution of all proceeds received by the
Trustee in connection with certain circumstances described in the
Trust Agreement following an Event of Default and (iii) the
expiration of 21 years from the death of the last survivor of the
descendants of the youngest Executive Officer of the Company,
measured as of the date of the Trust Agreement, living on the
date hereof.
<PAGE>
                           ASSIGNMENT


          FOR VALUE RECEIVED the undersigned hereby sells,
assigns and transfers unto [PLEASE INSERT SOCIAL SECURITY OR
TAXPAYER IDENTIFICATION OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

_________________________________________________________________
(Please print or type name and address, including postal zip
code, of assignee)


_________________________________________________________________
the within Trust Certificate, and all rights thereunder, hereby
irrevocably constituting and appointing


_________________________________________________________________
Attorney to transfer said Trust Certificate on the books of the
Certificate Registrar, with full power of substitution in the
premises.



Dated:_______________



                              _______________________________*
                              Signature Guaranteed;

                              _______________________________*



*  NOTICE:  The signature to this assignment must correspond with
the name as it appears upon the face of the within Trust
Certificate in every particular, without alteration, enlargement
or any change whatever.  Such signature must be guaranteed by an
"eligible guarantor institution" meeting the requirements of the
Certificate Registrar, which requirements include membership or
participation in STAMP or such other "signature guarantee
program" as may be determined by the Certificate Registrar in
addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.