Document:

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                       OFFICERS' CERTIFICATE - EXHIBIT 4.1

                                 CERTIFICATE OF
                            EXECUTIVE VICE PRESIDENT,
                         CO-CHIEF OPERATING OFFICER AND
                           CHIEF FINANCIAL OFFICER AND
                            VICE PRESIDENT, TREASURER
                             AND ASSISTANT SECRETARY
                      PURSUANT TO SECTIONS 201, 301 AND 303
                                OF THE INDENTURE

                                                          Dated:  March 19, 2001

               The undersigned, ALAN H. LUND and PAMELA S. HENDRY, do hereby
certify that they are the duly appointed and acting Executive Vice President,
Co-Chief Operating Officer and Chief Financial Officer and Vice President,
Treasurer and Assistant Secretary, respectively, of INTERNATIONAL LEASE FINANCE
CORPORATION, a California corporation (the "Company"). Each of the undersigned
also hereby certifies, pursuant to Sections 201, 301 and 303 of the Indenture,
dated as of November 1, 2000 (the "Indenture"), between the Company and The Bank
of New York, as Trustee, that:

               A. There has been established pursuant to resolutions duly
adopted by the Board of Directors of the Company (a copy of such resolutions
being attached hereto as Exhibit B) and by a Special Committee of the Board of
Directors (a copy of such resolutions being attached hereto as Exhibit C) a
series of Securities (as that term is defined in the Indenture) to be issued
under the Indenture, with the following terms:

               1. The title of the Securities of the series is "Floating Rate
        Notes due April 1, 2004" (the "Notes").

               2. The limit upon the aggregate principal amount of the Notes
        which may be authenticated and delivered under the Indenture (except for
        Notes authenticated and delivered upon registration of, transfer of, or
        in exchange for, or in lieu of other Notes pursuant to Sections 304,
        305, 306, 906 or 1107 of the Indenture) is $250,000,000.

               3. Interest on the Notes shall be payable to the persons in whose
        name the Notes are registered at the close of business on the Regular
        Record Date (as defined in the Indenture) for such interest payment,
        except that interest payable on April 1, 2004 shall be payable to the
        persons to whom principal is payable on such date.

               4. The date on which the principal of the Notes is payable,
        unless accelerated pursuant to the Indenture, shall be April 1, 2004.

               5. The rate at which each of the Notes shall bear interest shall
        be 0.20% above the London interbank offered quotation, as more fully
        described in Exhibit A ("LIBOR") for each Interest Period (as defined in
        Exhibit A). The date from which interest shall accrue for the Notes
        shall be March 19, 2001. The interest payment dates on which interest on
        the Notes shall be payable are each January 1, April 1, July 1 and
        October 1, commencing July 1, 2001. The regular record dates for the
        interest payable on

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        the Notes on any interest payment date shall be the date 15 calendar
        days prior to such interest payment date.

               6. The place or places where the principal of and interest on
        the Notes shall be payable is at the office of the Trustee, 101 Barclay
        Street, Floor 7E, New York, New York 10286, provided that payment of
        interest, other than at Stated Maturity (as defined in the Indenture),
        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 (as defined in the Indenture).

               7. The Notes are not redeemable prior to April 1, 2004.

               8. There is no obligation of the Company to redeem or purchase
        the Notes pursuant to any sinking fund or analogous provisions, or to
        repay any of the Notes prior to Stated Maturity at the option of a
        holder thereof.

               9. The Notes shall be issued as Global Securities (as defined in
        the Indenture) under the Indenture and The Depository Trust Company is
        hereby designated as the Depositary for the Notes under the Indenture.

              10. The principal amount of the Notes shall be payable upon
        declaration of acceleration of the maturity thereof pursuant to Section
        502 of the Indenture.

              11. Interest on the Notes shall be computed on the basis of the
        actual number of days in the applicable Interest Period divided by 360.

              B. The form of the Note is attached hereto as Exhibit A.

              C. The Trustee is appointed as Paying Agent (as defined in the
Indenture) and The Bank of New York is appointed as Calculation Agent.

              D. The foregoing form and terms of the Notes have been established
in conformity with the provisions of the Indenture.

              E. Each of the undersigned has read the provisions of Sections 301
and 303 of the Indenture and the definitions relating thereto and the
resolutions adopted by the Board of Directors of the Company and delivered
herewith. In the opinion of each of the undersigned, he or she has made such
examination or investigation as is necessary to enable him or her to express an
informed opinion as to whether or not all conditions precedent provided in the
Indenture relating to the establishment, authentication and delivery of a series
of Securities under the Indenture, designated as the Notes in this Certificate,
have been complied with. In the opinion of each of the undersigned, all such
conditions precedent have been complied with.

              F. The undersigned Assistant Secretary, by execution of this
Certificate, thereby certifies the actions taken by the Special Committee of the
Board of Directors of the Company in determining and setting the specific terms
of the Notes, and hereby further certifies that attached hereto as Exhibits A, B
and C, respectively, are the form of certificate representing the Notes as duly
approved by the Special Committee of the Board of Directors of the Company,

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a copy of resolutions duly adopted by the Board of Directors of the Company on
November 1, 2000 and a copy of resolutions duly adopted by the Special Committee
of the Board of Directors as of March 14, 2001, pursuant to which the terms of
the Notes set forth above have been established.

                  [remainder of page intentionally left blank]

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               IN WITNESS WHEREOF, the undersigned have hereunto executed this
Certificate as of the date first above written.

                                    /s/ Alan H. Lund
                                    --------------------------------------------
                                    Alan H. Lund
                                    Executive Vice President, Co-Chief Operating
                                    Officer and Chief Financial Officer

                                    /s/ Pamela S. Hendry
                                    --------------------------------------------
                                    Pamela S. Hendry
                                    Vice President, Treasurer and
                                    Assistant Secretary<PAGE>   1
                           FORM OF NOTE - EXHIBIT 4.2

R- 1                                                                $250,000,000

                     INTERNATIONAL LEASE FINANCE CORPORATION

                      FLOATING RATE NOTE DUE APRIL 1, 2004

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 THE REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND
ANY PAYMENT IS 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.

PRINCIPAL AMOUNT: Two Hundred Fifty Million Dollars ($250,000,000)

MATURITY DATE: April 1, 2004

DATED DATE: March 19, 2001

CUSIP: 459745 ES0

INTEREST PAYMENT DATES: January 1, April 1, July 1 and October 1, commencing
July 1, 2001

REGULAR RECORD DATES: The date 15 calendar days prior to each interest payment
date

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        INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation (the
"Company"), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal amount set forth on the face hereof on the
Maturity Date set forth on the face hereof, and to pay interest thereon, at the
interest rate set forth on the face hereof, from the dated date hereof or from
the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on the Interest Payment Dates set forth on the face
hereof, until the principal hereof has been paid or made available for payment.
The interest so payable, and punctually paid or provided for, on any Interest
Payment Date will, as provided in the Indenture (as hereinafter defined), be
paid to the Person in whose name this Note (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest as set forth on the face hereof (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date; provided,
however, interest payable on the Maturity Date hereof will be payable to the
Person to whom the principal hereof shall be payable. 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 Securities) 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, notice whereof shall be given to the Holder of this Note at least
10 days prior to such Special Record Date, or may be paid at any time in any
other lawful manner, all as more fully provided in the Indenture. Payment of the
principal of and interest on this Note will be made at the office of the Trustee
in St. Paul, Minnesota and at the agency maintained by the Trustee for that
purpose in the Borough of Manhattan, City of New York, State 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 on any Interest Payment Date (other than on the Maturity
Date) 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 a duly authorized issue of Securities (hereinafter
called the "Securities") of the Company, issued and to be issued under an
Indenture dated as of November 1, 2000 (herein called the "Indenture") between
the Company and The Bank of New York, as 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 Securities, and the terms upon which the Securities are, and
are to be, authenticated and delivered. All terms used in this Note which are
defined in the Indenture shall have the meanings assigned to them in the
Indenture.

        This Note is one of the series of Securities designated as set forth on
the face hereof. The Notes may not be redeemed prior to maturity. The Notes will
not have a sinking fund.

        The Notes will bear interest from March 19, 2001 payable in arrears on
each Interest Payment Date, commencing July 1, 2001. If any Interest Payment
Date would otherwise be a day that is not a Business Day, payment of interest on
such Interest Payment Date will be postponed to the next day that is a Business
Day. The period from and including March 19, 2001 to but excluding the first
Interest Payment Date and each successive period from and including an Interest
Payment Date to but excluding the next Interest Payment Date is herein called an
"Interest Period."

        The rate of interest for each Interest Period shall be 0.20% per annum
above the London interbank offered quotation ("LIBOR") for three-month United
States dollar deposits prevailing two London Business Days before the beginning
of each Interest Period as determined by The Bank of New York acting as
calculation agent in respect of the Notes (the "Calculation Agent"), in
accordance with the following provisions.

                  (a) On each Interest Determination Date, the Calculation Agent
            will determine the rate for deposits in United States dollars for
            the three-month period, commencing on the applicable LIBOR Reset
            Date, that appears on the Designated LIBOR page as of 11:00 A.M.,
            London time, on the Interest Determination Date. If no rate so
            appears, LIBOR on the Interest Determination Date will be determined
            in accordance with the provisions described in paragraph (b) set
            forth below.

                  (b) With respect to an Interest Determination Date on which no
            rate appears on the Designated LIBOR Page as specified in (a) above,
            LIBOR will be determined according to the procedures described
            below:

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            -   The Calculation Agent will request the principal London offices
                of each of four major reference banks (which may include
                affiliates of the underwriter) in the London interbank market,
                as selected by the Calculation Agent, to provide the Calculation
                Agent with its offered quotation for deposits in United States
                dollars for the three month period commencing on the first day
                of the relevant Interest Period, to prime banks in the London
                interbank market at approximately 11:00 A.M., London time, on
                the Interest Determination Date and in a principal amount that
                is representative for a single transaction in United States
                dollars in the market at the time.

            -   If at least two quotations are so provided, then LIBOR on the
                Interest Determination Date will be the arithmetic mean of the
                quotations.

            -   If fewer than two quotations are so provided, then LIBOR on the
                Interest Determination Date will be the arithmetic mean of the
                rates quoted at approximately 11:00 A.M., in the applicable
                principal financial center, on the Interest Determination Date
                by three major banks (which may include affiliates of the
                underwriter) in the principal financial center selected by the
                Calculation Agent for loans in United States dollars to leading
                European banks for the relevant three month period and in a
                principal amount that is representative for a single transaction
                in United States dollars in the market at the time.

            -   If the banks so selected by the Calculation Agent are not
                quoting as provided above, LIBOR determined as of the Interest
                Determination Date will be LIBOR in effect on that Interest
                Determination Date.

        "Business Day" means any day that is not a Saturday or Sunday, and that,
in The City of New York, is not a day on which banking institutions are
generally authorized or obligated by law to close. "London Business Day" means a
day on which dealings in deposits in United States dollars are transacted in the
London interbank market.

        "Designated LIBOR Page" means the display on Bridge Telerate, Inc. (or
any successor service) on Telerate 3750 (or any other as may replace the page on
the service) for the purpose of displaying the London interbank rates of major
banks for United States dollars.

        The "Interest Determination Date" pertaining to the beginning of an
Interest Period will be the second London Business Day preceding the LIBOR Reset
Date.

        The "LIBOR Reset Date" means the first day of any Interest Period.

        If an Event of Default with respect to the Notes shall occur and be
continuing, the Trustee or the Holders of not less than 25% in principal amount
of the Outstanding Notes may declare the principal of all the Notes due and
payable in the manner and with the effect provided in the Indenture.

        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 a majority 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.

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        As provided in the Indenture and subject to certain limitations therein
set forth, 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 of the Trustee in the Borough of Manhattan, City of New York, State of
New York, duly endorsed by, or accompanied by a written instrument of transfer
in form satisfactory to the Company and Security Registrar 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 or any amount in excess thereof which is an integral
multiple of $1,000. As provided in the Indenture and subject to certain
limitations therein set forth, the Notes are exchangeable for a like aggregate
principal amount of Notes, as requested by the Holder surrendering the same.

        No service charge will be made for any such registration of 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 of 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 be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

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        IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal as of the Dated Date set forth on the face
hereof.

                             INTERNATIONAL LEASE FINANCE CORPORATION

[Seal]

                             By:
                                ------------------------------------
                                Chairman of the Board

                                ------------------------------------
                                President

Attest:

----------------------------------
        Secretary

        Unless the certificate of authentication hereon has been executed by The
Bank of New York, the Trustee under the Indenture, or its successor thereunder,
by the manual signature of one of its authorized signatories or authorized
Authenticating Agents, this Note shall not be entitled to any benefits under the
Indenture, or be valid or obligatory for any purpose.

                          CERTIFICATE OF AUTHENTICATION

        This is one of the Securities of the series designated herein referred
to in the within-mentioned Indenture.

Date of Registration:

                                            THE BANK OF NEW YORK, as Trustee

                                            By
                                               ---------------------------------
                                                Authorized Signatory

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                              [FORM OF ASSIGNMENT]

                                  ABBREVIATIONS

        The following abbreviations, when used in the inscription on the face of
this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations.

<TABLE>
        <S>           <C>
        TEN COM --    as tenants in common
        TEN ENT --    as tenants by the entireties
        JT TEN  --    as joint tenants with right of survivorship and not as tenants in common
</TABLE>

UNIF GIFT MIN ACT -- __________________ Custodian ___________________
                             (Cust)                (Minor)

under Uniform Gifts to Minors Act _____________________________
                                     (State)

     Additional abbreviations may also be used though not in the above list.

                         ------------------------------

        FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

Please insert Social Security or Other
Identifying Number of Assignee              _________________________________

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

------------------------------------------------------

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the within Note and all rights thereunder, hereby irrevocably constituting and
appointing

_____________________________________________________ Attorney to transfer said
Note on the books of the Company, with full power of substitution in the
premises.

Dated:
      ------------------------

                                    --------------------------------------------

                                    --------------------------------------------
                                    Notice: The signature to this assignment
                                            must correspond with the name as
                                            written on the face of the within
                                            instrument in every particular,
                                            without alteration or enlargement,
                                            or any change whatever.

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