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                                                                    EXHIBIT 4.11

                              [FORM OF GLOBAL NOTE]

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A
DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR NOTES REGISTERED IN THE
NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED
CIRCUMSTANCES. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW
YORK) 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 HEREON MADE TO CEDE & CO., ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

No. [___]
CUSIP [__________]                                        $[_____________]

                   CATERPILLAR FINANCIAL SERVICES CORPORATION

                         [_____]% Senior Note due [____]

         Caterpillar Financial Services Corporation, a Delaware corporation
(hereinafter called the "Company", which term includes any successor corporation
under the Indenture herein referred to), for value received, hereby promises to
pay to CEDE & CO., or registered assigns, the principal sum of
[________________________] DOLLARS ($[__________]) on [__________] and to pay
interest thereon at a rate of [_____]% per annum from [________], or from the
most recent date in respect of which interest has been paid or duly provided for
but excluding the next Interest Payment Date (as defined below) or Maturity, as
the case may be, semiannually on [___________] and [___________] of each year
(each, an "Interest Payment Date"), commencing [___________], and at Maturity,
until the principal hereof is paid or duly made available for payment. The
interest so payable and punctually paid or duly provided for on any Interest
Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Note (or one or more Predecessor Notes) is registered at the close of
business
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on a Regular Record Date for such interest, which shall be the [___________] or
[___________] (whether or not a Business Day) next preceding such Interest
Payment Date. Any such interest which is payable, but is not punctually paid or
duly provided for on any Interest Payment Date, shall forthwith cease to be
payable to the registered Holder on such Regular Record Date, and may be paid to
the Person in whose name this Note (or one or more Predecessor Notes) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee referred to below, notice
whereof shall be given to the Holder of this Note not less than 10 days prior to
such Special Record Date, or may be paid at any time in any other lawful manner,
as more fully provided in such Indenture.

         Except as otherwise set forth below, payment of the principal of and
the interest on this Note will be made at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts; provided,
however, that payment of interest may be made at the option of the Company by
check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

         This Note is one of the series of [____]% Senior Notes due
[___________] (the "Notes").

         Interest on the Notes will be computed and paid on the basis of a
360-day year of twelve 30-day months. If Maturity is not a Business Day, then
the principal amount of the Notes plus accrued and unpaid interest thereon shall
be paid on the next succeeding Business Day and no interest shall accrue for the
Maturity or any day thereafter.

         The Company will, subject to the exceptions and limitations set forth
below, pay as additional interest on the Notes, such additional amounts
("Additional Amounts") as are necessary in order that the net payment by the
Company or a paying agent of the principal of and interest on the Notes to a
holder who is a non-United States person (as defined below), after deduction for
any present or future tax, assessment or other governmental charge of the United
States or a political subdivision or taxing authority thereof or therein,
imposed by withholding with respect to the payment, will not be less than the
amount provided in the Notes to be then due and payable; provided, however, that
the foregoing obligation to pay Additional Amounts shall not apply:

            (1) to any tax, assessment or other governmental charge that is
      imposed or withheld solely by reason of the holder, or a fiduciary,
      settlor, beneficiary, member or shareholder of the holder if the holder is
      an estate, trust, partnership or corporation, or a person holding a power
      over an estate or trust administered by a fiduciary holder, being
      considered as:


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                  (a) being or having been present or engaged in a trade or
            business in the United States or having had a permanent
            establishment in the United States;

                  (b) having a current or former relationship with the United
            States, including a relationship as a citizen or resident thereof;

                  (c) being or having been a foreign or domestic personal
            holding company, a passive foreign investment company or a
            controlled foreign corporation with respect to the United States or
            a corporation that has accumulated earnings to avoid United States
            federal income tax;

                  (d) being or having been a "10-percent shareholder" of the
            Company as defined in section 871(h)(3) of the United States
            Internal Revenue Code or any successor provision; or

                  (e) being a bank receiving payments on an extension of credit
            made pursuant to a loan agreement entered into in the ordinary
            course of its trade or business;

            (2) to any holder that is not the sole beneficial owner of the Note,
      or a portion thereof, or that is a fiduciary or partnership, but only to
      the extent that a beneficiary or settlor with respect to the fiduciary or
      a beneficial owner or member of the partnership would not have been
      entitled to the payment of an Additional Amount had the beneficiary,
      settlor, beneficial owner or member received directly its beneficial or
      distributive share of the payment;

            (3) to any tax, assessment or other governmental charge that is
      imposed or withheld solely by reason of the failure of the holder or any
      other person to comply with certification, identification or information
      reporting requirements concerning the nationality, residence, identity or
      connection with the United States of the holder or beneficial owner of
      such Note, if compliance is required by statute, by regulation of the
      United States Treasury Department or by an applicable income tax treaty to
      which the United States is a party as a precondition to exemption from
      such tax, assessment or other governmental charge;

            (4) to any tax, assessment or other governmental charge that is
      imposed otherwise than by withholding by the Company or a paying agent
      from the payment;

            (5) to any tax, assessment or other governmental charge that is
      imposed or withheld solely by reason of a change in law, regulation, or
      administrative or judicial interpretation that becomes effective more than
      15 days after the payment becomes due or is duly provided for, whichever
      occurs later;


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            (6) to any estate, inheritance, gift, sales, excise, transfer,
      wealth or personal property tax or similar tax, assessment or other
      governmental charge;

            (7) to any tax, assessment or other governmental charge required to
      be withheld by any paying agent from any payment of principal of or
      interest on any Note, if such payment can be made without such withholding
      by any other paying agent; or

            (8) in the case of any combination of items (1), (2), (3), (4), (5),
      (6) and (7).

         Except as specifically provided herein, the Company shall not be
required to make any payment with respect to any tax, assessment or other
governmental charge imposed by any government or a political subdivision or
taxing authority thereof or therein.

         The term "United States" means the United States of America (including
the States and the District of Columbia) and its territories, its possessions
and other areas subject to its jurisdiction. A "United States person" is the
beneficial owner of a note and is, for United States federal income tax
purposes, a citizen or resident of the United States, a domestic corporation, an
estate whose income is subject to United States federal income tax regardless of
its source, or a trust if a United States court can exercise primary supervision
over the trust's administration and one or more United States persons are
authorized to control all substantial decisions of the trust (or certain trusts
that were in existence on August 20, 1996 that elect to be treated as United
States persons). A "non-United States person" is the beneficial owner of a note
and is, for United States federal income tax purposes, a nonresident alien
individual, a foreign corporation, a foreign partnership, or an estate or trust
that in either case is not subject to United States federal income tax on a net
income basis on income or gain from a note.

         The Company may vary or terminate the appointment of any of its paying
or transfer agencies, and may appoint additional paying or transfer agencies.

         This Note is one of a duly authorized issue of Securities of the
Company, issued and to be issued under an Indenture, dated as of April 15, 1985,
as amended (herein called the "Indenture"), between the Company and U.S. Bank
Trust National Association, as successor Trustee (herein called the "Trustee",
which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights thereunder of the Company, the Trustee and
the Holders of the Notes, and the terms upon which the Notes are, and are to be,
authenticated and delivered.

            The Notes will be redeemable in whole at any time or in part from
time to time, at the Company's option, at a redemption price equal to the
greater of (i) 100% of the principal amount of the Notes or (ii) the sum of the
present values of the remaining scheduled payments of principal and interest
thereon from the redemption date to the


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maturity date (exclusive of any accrued interest) discounted to the redemption
date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate plus 12.5 basis points, plus, in each case, any
interest accrued but not paid to the date of redemption.

         "Treasury Rate" means, with respect to any redemption date for the
Notes, (i) the yield, under the heading which represents the average for the
immediately preceding week, appearing in the most recently published statistical
release designated "H.15(519)" or any successor publication which is published
weekly by the Board of Governors of the Federal Reserve System and which
establishes yields on actively traded United States Treasury securities adjusted
to constant maturity under the caption "Treasury Constant Maturities," for the
maturity corresponding to the Comparable Treasury Issue (if no maturity is
within three months before or after the maturity date for the Notes, yields for
the two published maturities most closely corresponding to the Comparable
Treasury Issue shall be determined and the Treasury Rate shall be interpolated
or extrapolated from such yields on a straight line basis, rounding to the
nearest month) or (ii) if that release (or any successor release) is not
published during the week preceding the calculation date or does not contain
such yields, the rate per annum equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for the
Comparable Treasury Issue (expressed as a percentage of its principle amount)
equal to the Comparable Treasury Price for that redemption date. The Treasury
Rate shall be calculated on the third Business Day preceding the redemption
date.

         "Business Day" means any calendar day that is not a Saturday, Sunday or
legal holiday in New York, New York and on which commercial banks are open for
business in New York, New York.

         "Comparable Treasury Issue" means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to
the remaining term of the Notes to be redeemed that would be utilized, at the
time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such securities.

         "Independent Investment Banker" means either [___________] or
[___________], and their respective successors, or, if both firms are unwilling
or unable to select the Comparable Treasury Issue, a nationally recognized
investment banking institution which is a Primary Treasury Dealer appointed by
the Company.

         "Comparable Treasury Price" means, with respect to any redemption date
for the Notes, (i) the average of five Reference Treasury Dealer Quotations for
that redemption date, after excluding the highest and lowest such Reference
Treasury Dealer Quotations, or (ii) if, after seeking at least five Reference
Treasury Dealer Quotations and excluding the highest and lowest Reference
Treasury Dealer Quotations, the Independent


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Investment Banker obtains fewer than five such Reference Treasury Dealer
Quotations, the average of all such quotations.

         "Reference Treasury Dealer" means (1) [___________] and [___________]
and their respective successors; provided, however, that if any of the foregoing
shall cease to be a primary U.S. government securities dealer in New York City
(a "Primary Treasury Dealer"), the Company will substitute for such dealer
another Primary Treasury Dealer and (2) any other nationally recognized Primary
Treasury Dealer selected by the Independent Investment Banker and acceptable to
the Company.

         "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by
the Independent Investment Banker, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Independent Investment Banker by that
Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third
Business Day preceding that redemption date.

         Holders of Notes to be redeemed will receive notice thereof by
first-class mail at least 30 and not more than 60 days before the date fixed for
redemption. If fewer than all of the Notes are to be redeemed, the Trustee will
select the particular Notes or portions thereof for redemption from the
outstanding Notes not previously called, pro rata or by lot, or in such other
manner as the Company shall direct.

         Unless the Company defaults in payment of the redemption price, on and
after the redemption date interest will cease to accrue on the Notes or portions
thereof called for redemption.

         In addition, if, as a result of any change in, or amendment to, the
laws (or any regulations or rulings promulgated thereunder) of the United States
(or any political subdivision or taxing authority thereof or therein), or any
change in, or amendments to, an official position regarding the application or
interpretation of such laws, regulations or rulings, which change or amendment
is announced or becomes effective on or after June 25, 2003, the Company becomes
or, based upon a written opinion of independent counsel selected by the Company,
will (after taking commercially reasonable efforts to avoid such obligations)
become obligated to pay Additional Amounts as described herein, then the Company
may, at its option, redeem, as a whole, but not in part, the Notes on not less
than 30 nor more than 60 days' prior notice, at a redemption price equal to 100%
of their principal amount, together with interest accrued but unpaid thereon to
the date fixed for redemption.

         The Notes are not subject to any sinking fund.

         If an Event of Default with respect to the Notes shall occur and be
continuing, the principal of all the Notes may be declared due and payable in
the manner and with the effect provided in the Indenture.


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         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than 66 2/3% in aggregate principal amount of
the Securities at the time Outstanding of each series affected thereby. The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of the Securities of each series at
the time Outstanding, on behalf of the Holders of all Securities of each series,
to waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof whether or not notation of such consent or waiver is made upon this Note.

         No reference herein to the Indenture and no provision of this Note or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this Note,
at the time, place and rate, and in the coin or currency, herein prescribed.
However, the Indenture limits the Holder's rights to enforce the Indenture and
this Note.

         As provided in the Indenture and subject to certain limitations set
forth therein and on the face hereof, the transfer of this Note may be
registered on the Security Register of the Company, upon surrender of this Note
for registration of transfer at the office or agency of the Company in the
Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Company duly
executed by, the Holder hereof or by his attorney duly authorized in writing,
and thereupon one or more new Notes, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or
transferees.

         The Notes are issuable only in registered form without coupons in
denominations of $1,000 and integral multiples thereof. As provided in the
Indenture and subject to certain limitations set forth therein and on the face
hereof, the Notes are exchangeable for a like aggregate principal amount of
Notes in authorized denominations as requested by the Holder surrendering the
same. If (x) the Depositary notifies the Company that it is unwilling or unable
to continue as Depositary for the Notes or if at any time ceases to be a
clearing agency registered under the Securities Exchange Act of 1934, as
amended, (y) the Company in its discretion executes and delivers to the Trustee
a Company Order that this Note shall be exchangeable or (z) there shall have
occurred and be continuing an Event of Default with respect to the Notes, this
Note shall be exchangeable for Notes in definitive form of like tenor and of an
equal aggregate principal amount, in denominations of $1,000 and integral
multiples thereof. Such definitive Notes shall be registered in such name or
names as the Depositary shall instruct the Trustee. If definitive Notes are so
delivered, the Company may make such changes to


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the form of this Note as are necessary or appropriate to allow for the issuance
of such definitive Notes.

         No service charge shall be made for any such registration, transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Note for registration or transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note is overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Indenture and the Notes shall be governed by and construed in
accordance with the laws of the State of New York.

         All terms used in this Note which are defined in the Indenture, but not
in this Note, shall have the meanings assigned to them in the Indenture.

         Unless the certificate of authentication hereon has been executed by
U.S. Bank Trust National Association, as successor Trustee under the Indenture,
or its successor thereunder, by the manual signature of one of its authorized
officers, this Note shall not be entitled to any benefits under the Indenture,
or be valid or obligatory for any purpose.


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         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:


CERTIFICATE OF AUTHENTICATION                   CATERPILLAR FINANCIAL SERVICES
This is one of the Securities of the            CORPORATION
series designated therein referred to in the
within mentioned Indenture.


U.S. BANK TRUST NATIONAL ASSOCIATION,           By:
  AS TRUSTEE                                       -----------------------------
                                                         Vice President


By:                                            Attest:
   ------------------------------                     --------------------------
         Authorized Officer                                       Secretary


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