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| ARTICLE                I                                    | INTERPRETATION                AND DEFINITIONS                                                             | 1        |
|------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|----------|
|       Section                1.1.  | Definitions                                                                                               | 1        |
|  ARTICLE                II                             |  ORGANIZATION                                                                                        |  8  |
|       Section                2.1.  | Name                                                                                                      | 8        |
|       Section                2.2.  | Office                                                                                                    | 9        |
|       Section                2.3.  | Purpose                                                                                                   | 9        |
|       Section                2.4.  | Authority                                                                                                 | 9        |
|       Section                2.5.  | Title                to Property of the Trust                                                             | 9        |
|       Section                2.6.  | Powers                and Duties of the Trustees and the Administrators                                   | 9        |
|       Section                2.7.  | Prohibition                of Actions by the Trust and the Trustees                                       | 14       |
|       Section                2.8.  | Powers                and Duties of the Institutional Trustee                                             | 15       |
|       Section                2.9.  | Certain                Duties and Responsibilities of the Trustees and the                Administrators  | 17       |
|       Section                2.10. | Certain                Rights of Institutional Trustee                                                    | 18       |
|       Section                2.11. | Delaware                Trustee                                                                           | 21       |
|       Section                2.12. | Execution                of Documents                                                                     | 21       |
|       Section                2.13. | Not                Responsible for Recitals or Issuance of Securities                                     | 21       |
|       Section                2.14. | Duration                of Trust                                                                          | 21       |
|       Section                2.15. | Mergers                                                                                                   | 21       |
|  ARTICLE                III                            |  SPONSOR                                                                                             |  23 |
|       Section                3.1.  | Sponsor’s                Purchase of Common Securities                                              | 23       |
|       Section                3.2.  | Responsibilities                of the Sponsor                                                            | 23       |
|  ARTICLE                IV                             |  TRUSTEES                AND ADMINISTRATORS                                                          |  24 |
|       Section                4.1.  | Number                of Trustees                                                                         | 24       |
|       Section                4.2.  | Delaware                Trustee                                                                           | 24       |
|       Section                4.3.  | Institutional                Trustee; Eligibility                                                         | 24       |
|       Section                4.4.  | Certain                Qualifications of the Delaware Trustee Generally                                   | 25       |
|       Section                4.5.  | Administrators                                                                                            | 25       |
|       Section                4.6.  | Initial                Delaware Trustee                                                                   | 25       |
|       Section                4.7.  | Appointment,                Removal and Resignation of the Trustees and the                Administrators | 25       |

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|       Section                4.8.  | Vacancies                Among Trustees                                                                  | 27       |
|------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|----------|
|       Section                4.9.  | Effect                of Vacancies                                                                       | 28       |
|       Section                4.10. | Meetings                of the Trustees and the Administrators                                           | 28       |
|       Section                4.11. | Delegation                of Power                                                                       | 28       |
|       Section                4.12. | Merger,                Conversion, Consolidation or Succession to Business                               | 29       |
|  ARTICLE                V                              |  DISTRIBUTIONS                                                                                      |  29 |
|       Section                5.1.  | Distributions                                                                                            | 29       |
|  ARTICLE                VI                             |  ISSUANCE                OF SECURITIES                                                              |  29 |
|       Section                6.1.  | General                Provisions Regarding Securities                                                   | 29       |
|       Section                6.2.  | Paying                Agent, Transfer Agent, Calculation Agent and Registrar                             | 30       |
|       Section                6.3.  | Form                and Dating                                                                           | 31       |
|       Section                6.4.  | Mutilated,                Destroyed, Lost or Stolen Certificates                                         | 31       |
|       Section                6.5.  | Temporary                Certificates                                                                    | 32       |
|       Section                6.6.  | Cancellation                                                                                             | 32       |
|       Section                6.7.  | Rights                of Holders; Waivers of Past Defaults                                               | 32       |
|  ARTICLE                VII                            |  DISSOLUTION                AND TERMINATION OF TRUST                                                |  34 |
|       Section                7.1.  | Dissolution                and Termination of Trust                                                      | 34       |
|  ARTICLE                VIII                           |  TRANSFER                OF INTERESTS                                                               |  35 |
|       Section                8.1.  | General                                                                                                  | 35       |
|       Section                8.2.  | Transfer                Procedures and Restrictions                                                      | 36       |
|       Section                8.3.  | Deemed                Security Holders                                                                   | 39       |
|       Section                8.4.  | Transfer                of Initial Securities                                                            | 39       |
|  ARTICLE                IX                             |  LIMITATION                OF LIABILITY OF HOLDERS OF SECURITIES, TRUSTEES OR                OTHERS |  40 |
|       Section                9.1.  | Liability                                                                                                | 40       |
|       Section                9.2.  | Exculpation                                                                                              | 40       |
|       Section                9.3.  | Fiduciary                Duty                                                                            | 41       |
|       Section                9.4.  | Indemnification                                                                                          | 41       |
|       Section                9.5.  | Outside                Businesses                                                                        | 44       |
|       Section                9.6.  | Compensation;                Fee                                                                         | 45       |

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| ARTICLE                X                                    | ACCOUNTING                                                                                                  | 45       |
|------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|----------|
|       Section                10.1. | Fiscal                Year                                                                                  | 45       |
|       Section                10.2. | Certain                Accounting Matters                                                                   | 45       |
|       Section                10.3. | Banking                                                                                                     | 46       |
|       Section                10.4. | Withholding                                                                                                 | 46       |
|  ARTICLE                XI                             |  AMENDMENTS                AND MEETINGS                                                                |  47 |
|       Section                11.1. | Amendments                                                                                                  | 47       |
|       Section                11.2. | Meetings                of the Holders of the Securities; Action by Written                Consent          | 49       |
|  ARTICLE                XII                            |  REPRESENTATIONS                OF INSTITUTIONAL TRUSTEE AND DELAWARE                TRUSTEE           |  50 |
|       Section                12.1. | Representations                and Warranties of Institutional Trustee                                      | 50       |
|       Section                12.2. | Representations                and Warranties of Delaware Trustee                                           | 51       |
|  ARTICLE                XIII                           |  MISCELLANEOUS                                                                                         |  52 |
|       Section                13.1. | Notices                                                                                                     | 52       |
|       Section                13.2. | Governing                Law                                                                                | 53       |
|       Section                13.3. | Submission                to Jurisdiction                                                                   | 53       |
|       Section                13.4. | Intention                of the Parties                                                                     | 54       |
|       Section                13.5. | Headings                                                                                                    | 54       |
|       Section                13.6. | Successors                and Assigns                                                                       | 54       |
|       Section                13.7. | Partial                Enforceability                                                                       | 54       |
|       Section                13.8. | Counterparts                                                                                                | 54       |
|  ANNEXES                AND EXHIBITS                   |                                                                                                        |     |
| ANNEX                I                                           | TERMS                OF FLOATING RATE CAPITAL SECURITIES AND FLOATING RATE COMMON                SECURITIES | A-1      |
| EXHIBIT                A-1                                       | FORM                OF CAPITAL SECURITY CERTIFICATE                                                         | A-1      |
| EXHIBIT                A-2                                       | FORM                OF COMMON SECURITY CERTIFICATE                                                          | A-2      |
| EXHIBIT                B                                         | FORM                OF TRANSFEREE CERTIFICATE TO BE EXECUTED BY TRANSFEREES OTHER THAN                QIBs  | B-1      |
| EXHIBIT                C                                         | FORM                OF TRANSFEROR CERTIFICATE TO BE EXECUTED FOR QIBs                                       | C-1      |
| EXHIBIT                D                                         | FORM                OF ADMINISTRATOR’S CERTIFICATE OF THE TRUST                                       | D-1      |

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ARTICLE      III

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ARTICLE      V

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ARTICLE      X

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ARTICLE      XI

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ARTICLE      XII

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|   | By: | ______________________________ |   |
|--------|-----|--------------------------------|--------|

|   |   | Administrator |
|--------|--------|---------------|

|   | By: | ______________________________ |   |
|--------|-----|--------------------------------|--------|

|   |   | Administrator |
|--------|--------|---------------|

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ANNEX      I

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| Special                Event Redemption During Period Beginning On | Percentage                of Principal Amount |
|--------------------------------------------------------------------|-----------------------------------------------|
| August                19, 2005                                     | 104.40                                        |
| August                23, 2006                                     | 103.52                                        |
| August                23, 2007                                     | 102.64                                        |
| August                23, 2008                                     | 101.76                                        |
| August                23, 2009                                     | 100.88                                        |
| August                23, 2010                                     | 100.00                                        |

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**EXHIBIT      A-1**

**FORM      OF CAPITAL SECURITY CERTIFICATE**

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|   | Dated:                ___________________________ |   |
|--------|---------------------------------------------------|--------|

|   | Dated:                ___________________________ |   |
|--------|---------------------------------------------------|--------|

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**EXHIBIT      A-2**

**FORM      OF COMMON SECURITY CERTIFICATE**

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**EXHIBIT      B**

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**EXHIBIT      C**

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**EXHIBIT      D**

|   |                            |   |
|--------|---------------------------------|--------|
|   | as                Administrator |   |
|   |                            |   |

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