Document:

KINDER MORGAN MANAGEMENT, LLC

                            KINDER MORGAN G.P., INC.

                              OFFICERS' CERTIFICATE
                      PURSUANT TO SECTION 301 OF INDENTURE

      Each of the  undersigned,  C.  Park  Shaper  and  Kimberly  A.  Dang,  the
President and the Vice President and Chief Financial Officer,  respectively,  of
(i) Kinder Morgan Management,  LLC (the "Company"), a Delaware limited liability
company and the  delegate of Kinder  Morgan G.P.,  Inc.  and (ii) Kinder  Morgan
G.P.,  Inc., a Delaware  corporation  and the general  partner of Kinder  Morgan
Energy Partners,  L.P., a Delaware limited partnership (the  "Partnership"),  on
behalf of the  Partnership,  does  hereby  establish  the terms of two series of
senior debt Securities of the Partnership under the Indenture relating to senior
debt  Securities,  dated as of January 31, 2003 (the  "Indenture"),  between the
Partnership and Wachovia Bank,  National  Association,  as Trustee,  pursuant to
resolutions  adopted by the Board of  Directors  of the Company on December  22,
2004,  January 17, 2007 and January 25, 2007 and in accordance  with Section 301
of the Indenture, as follows:

      1. The titles of the series of Securities shall be "6.00% Senior Notes due
2017" (the "2017  Notes") and "6.50%  Senior Notes due 2037" (the "2037  Notes",
and together with the 2017 Notes, the "Notes");

      2. The  aggregate  principal  amounts of the 2017 Notes and the 2037 Notes
which initially may be authenticated  and delivered under the Indenture shall be
limited to a maximum of $600,000,000 and $400,000,000,  respectively, except for
Notes  authenticated  and  delivered  upon  registration  of transfer  of, or in
exchange for, or in lieu of, other Notes pursuant to the terms of the Indenture,
and except that any additional principal amount of either series of Notes may be
issued in the future without the consent of Holders of either series of Notes so
long as such additional  principal amount of Notes are authenticated as required
by the Indenture;

      3. The Notes shall be issued on January 30,  2007,  the  principal  of the
2017 Notes shall be payable on February 1, 2017,  and the  principal of the 2037
Notes shall be payable on  February  1, 2037;  the Notes will not be entitled to
the benefit of a sinking fund;

      4. The 2017 Notes  shall bear  interest at the rate of 6.00% per annum and
the 2037 Notes shall bear interest at the rate of 6.50% per annum,  in each case
which  interest  shall  accrue from  January 30,  2007,  or from the most recent
Interest  Payment  Date to which  interest has been paid or duly  provided  for,
which  dates shall be  February 1 and August 1 of each year,  and such  interest
shall be payable  semi-annually  in  arrears on  February 1 and August 1 of each
year,  commencing  August 1, 2007, to holders of record at the close of business
on the January 15 or July 15,  respectively,  next  preceding each such Interest
Payment Date;

      5. The principal of,  premium,  if any, and interest on, the Notes of each
series  shall be payable at the office or agency of the  Partnership  maintained
for that  purpose in the Borough of  Manhattan,  New York,  New York;  provided,
however, that at the option of the Partnership,  payment of interest may be made
from such office in the Borough of Manhattan, New York, New York by check mailed
to the address of the person  entitled  thereto as such address  shall appear in
the Security Register. If at any time there shall be no such office or agency in
the Borough of Manhattan,  New York, New York,  where the Notes may be presented
or  surrendered  for payment,  the  Partnership  shall  forthwith  designate and
maintain  such an office or agency in the Borough of  Manhattan,  New York,

<PAGE>

New York,  in order that the Notes  shall at all times be payable in the Borough
of Manhattan,  New York, New York. The Partnership  hereby initially  designates
the Corporate Trust Office of the Trustee in the Borough of Manhattan, New York,
New York, as one such office or agency;

      6. U.S. Bank National  Association,  successor  trustee to Wachovia  Bank,
National  Association,  is appointed as the Trustee for the Notes, and U.S. Bank
National  Association,  and any other banking institution  hereafter selected by
the officers of the Company, on behalf of the Partnership,  are appointed agents
of the  Partnership  (a) where the Notes may be presented  for  registration  of
transfer or exchange,  (b) where notices and demands to or upon the  Partnership
in respect of the Notes or the Indenture may be made or served and (c) where the
Notes may be presented for payment of principal and interest;

      7. The  Notes of each  series  will be  redeemable,  at the  Partnership's
option,  at any time in whole,  or from time to time in part, upon not less than
30 and not more than 60 days  notice  mailed to each  Holder of the Notes of the
series  to be  redeemed  at the  Holder's  address  appearing  in  the  Security
Register,  at a price equal to 100% of the principal  amount of the Notes of the
series to be redeemed plus accrued interest to the Redemption  Date,  subject to
the right of Holders of record on the relevant  Record Date to receive  interest
due on an Interest Payment Date that is on or prior to the Redemption Date, plus
a make-whole premium, if any. In no event will the Redemption Price ever be less
than 100% of the principal  amount of the Notes of a series being  redeemed plus
accrued interest to the Redemption Date.

      The amount of the make-whole premium on any Note, or portion of a Note, of
a series to be redeemed will be equal to the excess, if any, of:

      (1) the sum of the present values,  calculated as of the Redemption  Date,
          of:

         o  each interest payment that, but for the redemption,  would have been
            payable on the Note,  or portion of a Note,  being  redeemed on each
            interest payment date occurring after the Redemption Date, excluding
            any accrued  interest for the period prior to the  Redemption  Date;
            and

         o  the principal  amount that, but for the redemption,  would have been
            payable at the stated  maturity  of the Note,  or portion of a Note,
            being redeemed;

      over

      (2) the  principal  amount  of the  Note,  or  portion  of a  Note,  being
          redeemed.

      The present value of interest and principal payments referred to in clause
(1) above will be determined in accordance with generally accepted principles of
financial  analysis.  The present values will be calculated by  discounting  the
amount of each  payment of  interest or  principal  from the date that each such
payment would have been payable, but for the redemption,  to the

                                      -2-
<PAGE>

Redemption  Date at a discount  rate  equal to the  Treasury  Yield,  as defined
below,  plus  0.20% in the case of the 2017  Notes  and 0.25% in the case of the
2037 Notes.

      The  make-whole  premium will be calculated by an  independent  investment
banking  institution of national standing  appointed by the Partnership.  If the
Partnership  fails to make that  appointment  at least 30 business days prior to
the redemption  date, or if the  institution so appointed is unwilling or unable
to make the calculation,  the financial institution named in the Notes will make
the calculation. If the financial institution named in the Notes is unwilling or
unable to make the calculation, an independent investment banking institution of
national standing appointed by the Trustee will make the calculation.

      For purposes of determining the make-whole premium,  Treasury Yield refers
to an annual rate of interest  equal to the weekly  average yield to maturity of
United States Treasury Notes that have a constant  maturity that  corresponds to
the  remaining  term to maturity of the Notes to be redeemed,  calculated to the
nearer  1/12 of a year  (the  "Remaining  Term").  The  Treasury  Yield  will be
determined as of the third  business day  immediately  preceding the  applicable
redemption date.

      The  weekly  average  yields  of  United  States  Treasury  Notes  will be
determined by reference to the most recent statistical  release published by the
Federal  Reserve Bank of New York and designated  "H.15(519)  Selected  Interest
Rates" or any successor  release (the "H.15 Statistical  Release").  If the H.15
Statistical Release sets forth a weekly average yield for United States Treasury
Notes having a constant  maturity that is the same as the Remaining  Term of the
Notes of a series to be redeemed,  then the Treasury Yield will be equal to that
weekly average yield. In all other cases,  the Treasury Yield will be calculated
by interpolation, on a straight-line basis, between the weekly average yields on
the United States  Treasury Notes that have a constant  maturity  closest to and
greater than the Remaining  Term of the Notes of a series to be redeemed and the
United States Treasury Notes that have a constant  maturity  closest to and less
than the  Remaining  Term,  in each  case as set  forth in the H.15  Statistical
Release.  Any weekly  average  yields so  calculated  by  interpolation  will be
rounded to the nearer  0.01%,  with any figure of 0.0050% or more being  rounded
upward.  If weekly  average  yields for  United  States  Treasury  Notes are not
available in the H.15 Statistical Release or otherwise,  then the Treasury Yield
will  be  calculated  by  interpolation  of  comparable  rates  selected  by the
independent investment banking institution.

      If less than all of the Notes of a series are to be redeemed,  the Trustee
will select the Notes of that series to be redeemed by a method that the Trustee
deems fair and  appropriate.  The  Trustee may select for  redemption  Notes and
portions of Notes in amounts of $1,000 or whole multiples of $1,000.

      8.  Payment of  principal  of, and interest on, the Notes shall be without
deduction for taxes,  assessments or governmental charges paid by Holders of the
Notes;

      9. The Notes of each series are  approved in the form  attached  hereto as
Exhibit A, shall be issued upon original issuance in whole in the form of one or
more book-entry  Global  Securities,  and the Depositary shall be The Depository
Trust Company; and

                                      -3-

<PAGE>

      10. The Notes of each  series  shall be  entitled  to the  benefits of the
Indenture,  including the covenants and agreements of the  Partnership set forth
therein,  except to the extent  expressly  otherwise  provided  herein or in the
Notes of such series.

      Any initially  capitalized  terms not otherwise  defined herein shall have
the meanings ascribed to such terms in the Indenture.

                                      -4-
<PAGE>

     IN WITNESS WHEREOF,  each of the undersigned has hereunto signed his or her
name this 25th day of January, 2007.

                                             /s/ C. Park Shaper
                                             ---------------------------------
                                             C. Park Shaper
                                             President

                                             /s/ Kimberly A. Dang
                                             ---------------------------------
                                             Kimberly A. Dang
                                             Vice President and
                                             Chief Financial OfficerTHIS  SECURITY 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  THEREOF.  THIS  SECURITY MAY NOT BE  TRANSFERRED  TO, OR  REGISTERED OR
EXCHANGED  FOR  SECURITIES  REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE
DEPOSITARY OR A NOMINEE  THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED,  EXCEPT
IN  THE  LIMITED  CIRCUMSTANCES  DESCRIBED  IN  THE  INDENTURE.  EVERY  SECURITY
AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR
OR IN  LIEU  OF,  THIS  SECURITY  SHALL  BE A  GLOBAL  SECURITY  SUBJECT  TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

      UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE  OF THE
DEPOSITORY  TRUST COMPANY,  A NEW YORK  CORPORATION,  TO THE  PARTNERSHIP OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS 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 IN AS MUCH AS
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                      KINDER MORGAN ENERGY PARTNERS, L. P.

                           6.00% SENIOR NOTE DUE 2017

NO. ____                                                   U.S.$________________

CUSIP No. 494550 AU 0

      KINDER  MORGAN  ENERGY  PARTNERS,  L.P.,  a Delaware  limited  partnership
(herein called the "Partnership," which term includes any successor Person under
the Indenture  hereinafter referred to), for value received,  hereby promises to
pay to CEDE & CO., or  registered  assigns,  the  principal  sum of ____________
_______ United States Dollars (U.S.$___________) on February 1, 2017, and to pay
interest thereon from January 30, 2007, or from the most recent Interest Payment
Date to which interest has been paid,  semi-annually  on February 1 and August 1
in each year,  commencing August 1, 2007, at the rate of 6.00% per annum,  until
the  principal  hereof is paid.  The amount of  interest  payable for any period
shall be computed on the basis of twelve 30-day  months and a 360-day year.  The
amount of interest payable for any partial period shall be computed on the basis
of a 360-day  year of twelve  30-day  months and the days elapsed in any partial
month.  In the event that any date on which interest is payable on this Security
is not a Business Day, then a payment of the interest  payable on such date will
be made on the next  succeeding  day which is a Business  Day (and  without  any
interest or other  payment in respect of any such delay) with the same force and
effect as if made on the date the payment was  originally

<PAGE>

payable.  A "Business  Day" shall mean,  when used with  respect to any Place of
Payment, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which  banking  institutions  in that  Place of  Payment  are  authorized  or
obligated  by law,  executive  order or  regulation  to close.  The  interest so
payable,  and punctually paid, on any Interest Payment Date will, as provided in
such  Indenture,  be paid to the Person in whose name this  Security  (or one or
more  Predecessor  Securities)  is  registered  at the close of  business on the
Regular Record Date for such interest,  which shall be the January 15 or July 15
(whether  or not a  Business  Day),  as the case  may be,  next  preceding  such
Interest  Payment Date. Any such interest not so punctually paid shall forthwith
cease to be payable to the Holder on such Regular  Record Date and may either be
paid to the  Person in whose  name  this  Security  (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 of
which  shall be given to Holders of  Securities  of this series not less than 10
days  prior to such  Special  Record  Date,  or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities  exchange
or  automated  quotation  system on which the  Securities  of this series may be
listed or traded,  and upon such notice as may be  required by such  exchange or
automated quotation system, all as more fully provided in such Indenture.

      The principal of, premium, if any, and interest on, this Security shall be
payable at the office or agency of the  Partnership  maintained for that purpose
in the Borough of Manhattan, New York, New York; provided,  however, that at the
option of the  Partnership,  payment of interest may be made from such office in
the Borough of Manhattan,  New York,  New York by check mailed to the address of
the  person  entitled  thereto  as such  address  shall  appear in the  Security
Register.  If at any time there shall be no such office or agency in the Borough
of  Manhattan,  New York,  New York  where this  Security  may be  presented  or
surrendered for payment,  the Partnership shall forthwith designate and maintain
such an office or agency in the Borough of  Manhattan,  New York,  New York,  in
order  that  this  Security  shall at all times be  payable  in the  Borough  of
Manhattan,  New York, New York. The Partnership hereby initially  designates the
Corporate Trust Office of the Trustee in the Borough of Manhattan, New York, New
York, as one such office or agency.

      Payment of the principal of (and premium, if any) and any such interest on
this Security will be made by transfer of immediately  available funds to a bank
account  designated  by the Holder 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.

      Reference is hereby made to the further  provisions  of this  Security 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 the
Trustee  referred to on the reverse  hereof by manual  signature,  this Security
shall  not be  entitled  to any  benefit  under  the  Indenture  or be  valid or
obligatory for any purpose.

                                      -2-
<PAGE>

      IN WITNESS WHEREOF,  the Partnership has caused this instrument to be duly
executed.

Dated: January 30, 2007

                                    KINDER MORGAN ENERGY PARTNERS, L.P.,

                                    By:  Kinder Morgan G.P., Inc.,
                                         its general partner

                                    By:  Kinder Morgan Management, LLC,
                                         its delegate

                                    By:
                                         -------------------------------------
                                         Kimberly A. Dang
                                         Vice President and Chief Financial
                                         Officer

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

                                    U.S. BANK NATIONAL ASSOCIATION, As Trustee

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

                                      -3-
<PAGE>

      This  Security  is one of a duly  authorized  issue of  securities  of the
Partnership  (the  "Securities"),  issued and to be issued in one or more series
under an  Indenture  dated as of  January  31,  2003  relating  to  senior  debt
Securities  (the  "Indenture"),  between the  Partnership and U.S. Bank National
Association,  as successor trustee to Wachovia Bank,  National  Association (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,  limitations of rights,  obligations,
duties and immunities thereunder of the Partnership, the Trustee and the Holders
of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. As provided in the Indenture, the Securities may be
issued in one or more series,  which  different  series may be issued in various
aggregate  principal amounts,  may mature at different times, may bear interest,
if any, at different rates, may be subject to different  redemption  provisions,
if any, may be subject to different  sinking,  purchase or analogous  funds,  if
any,  may be  subject to  different  covenants  and  Events of  Default  and may
otherwise vary as in the Indenture  provided or permitted.  This Security is one
of the series designated on the face hereof.

      These Securities will be redeemable, at the option of the Partnership,  at
any time in whole,  or from time to time in part,  upon not less than 30 and not
more  than 60 days  notice  mailed  to each  Holder  of these  Securities  to be
redeemed at the Holder's address appearing in the Security Register,  at a price
equal to 100% of the  principal  amount of these  Securities to be redeemed plus
accrued  interest  to the  Redemption  Date,  subject to the right of Holders of
record  on the  relevant  Regular  Record  Date to  receive  interest  due on an
Interest  Payment  Date  that is on or  prior  to the  Redemption  Date,  plus a
make-whole  premium,  if any. In no event will the Redemption Price ever be less
than  100% of the  principal  amount of these  Securities  being  redeemed  plus
accrued interest to the Redemption Date.

      The  amount  of the  make-whole  premium  on any of these  Securities,  or
portion of these Securities, to be redeemed will be equal to the excess, if any,
of:

     (1)  the sum of the present values,  calculated as of the Redemption  Date,
          of:

          o    each interest  payment that, but for the  redemption,  would have
               been  payable on the  Security,  or portion of a Security,  being
               redeemed  on each  Interest  Payment  Date  occurring  after  the
               Redemption  Date,  excluding any accrued  interest for the period
               prior to the Redemption Date; and

          o    the principal  amount that,  but for the  redemption,  would have
               been payable at the Stated  Maturity of the Security,  or portion
               of a Security, being redeemed;

          over

     (2)  the principal amount of the Security, or portion of a Security,  being
          redeemed.

      The present value of interest and principal payments referred to in clause
(1) above will be determined in accordance with generally accepted principles of
financial  analysis.  The present values will be calculated by  discounting  the
amount of each  payment of  interest or  principal  from

                                      -4-
<PAGE>

the date that each such payment would have been payable, but for the redemption,
to the  Redemption  Date at a discount  rate  equal to the  Treasury  Yield,  as
defined below, plus 0.20%.

      The  make-whole  premium will be calculated by an  independent  investment
banking  institution of national standing  appointed by the Partnership.  If the
Partnership  fails to make that  appointment  at least 30 business days prior to
the Redemption  Date, or if the  institution so appointed is unwilling or unable
to  make  the  calculation,   Wachovia  Capital  Markets,   LLC  will  make  the
calculation. If Wachovia Capital Markets, LLC is unwilling or unable to make the
calculation,  an independent investment banking institution of national standing
appointed by the Trustee will make the calculation.

      For purposes of determining the make-whole premium,  Treasury Yield refers
to an annual rate of interest  equal to the weekly  average yield to maturity of
United States Treasury Securities that have a constant maturity that corresponds
to the remaining term to maturity of the  Securities to be redeemed,  calculated
to the nearer 1/12 of a year (the "Remaining  Term"). The Treasury Yield will be
determined as of the third  business day  immediately  preceding the  applicable
Redemption Date.

      The  weekly  average  yields  of  United  States  Treasury  Notes  will be
determined by reference to the most recent statistical  release published by the
Federal  Reserve Bank of New York and designated  "H.15(519)  Selected  interest
Rates" or any successor  release (the "H.15 Statistical  Release").  If the H.15
Statistical Release sets forth a weekly average yield for United States Treasury
Notes having a constant  maturity that is the same as the Remaining  Term of the
Securities to be redeemed,  then the Treasury Yield will be equal to that weekly
average  yield.  In all other cases,  the Treasury  Yield will be  calculated by
interpolation,  on a straight-line  basis,  between the weekly average yields on
the United States  Treasury Notes that have a constant  maturity  closest to and
greater than the Remaining  Term of the Securities to be redeemed and the United
States Treasury Notes that have a constant maturity closest to and less than the
Remaining Term, in each case as set forth in the H.15 Statistical  Release.  Any
weekly  average  yields so  calculated by  interpolation  will be rounded to the
nearer 0.01%, with any figure of 0.0050% or more being rounded upward. If weekly
average  yields for United States  Treasury  Notes are not available in the H.15
Statistical Release or otherwise,  then the Treasury Yield will be calculated by
interpolation of comparable rates selected by the independent investment banking
institution.

      If less than all of these Securities are to be redeemed,  the Trustee will
select the Securities to be redeemed by a method that the Trustee deems fair and
appropriate. The Trustee may select for redemption these Securities and portions
of these Securities in amounts of U.S.$1,000 or whole multiples of U.S.$1,000.

      In the event of  redemption  of this Security in part only, a new Security
or Securities of this series and of like tenor for the unredeemed portion hereof
will be issued in the name of the Holder hereof upon the cancellation hereof.

      If an Event of Default  with  respect to  Securities  of this series shall
occur and be  continuing,  the  principal  of, and any  premium  and accrued but
unpaid  interest  on, the  Securities

                                      -5-
<PAGE>

of this series may be declared 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
Partnership and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Partnership and the Trustee with
the consent of not less than the Holders of a majority  in  aggregate  principal
amount of the Outstanding Securities of all series to be affected (voting as one
class).  The Indenture  also  contains  provisions  permitting  the Holders of a
majority in aggregate  principal  amount of the  Outstanding  Securities  of all
affected  series  (voting  as  one  class),  on  behalf  of the  Holders  of all
Securities of such series,  to waive  compliance by the Partnership with certain
provisions of the Indenture.  The Indenture permits,  with certain exceptions as
therein provided, the Holders of a majority in principal amount of Securities of
any series then  Outstanding  to waive past defaults  under the  Indenture  with
respect to such series and their consequences. Any such consent or waiver by the
Holder of this  Security  shall be  conclusive  and binding upon such Holder and
upon all future  Holders of this  Security and of any  Security  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 Security.

      As provided in and subject to the provisions of the Indenture,  the Holder
of this  Security  shall not have the right to  institute  any  proceeding  with
respect to the Indenture or for the  appointment of a receiver or trustee or for
any other remedy thereunder,  unless such Holder shall have previously given the
Trustee  written  notice of a  continuing  Event of Default  with respect to the
Securities of this series,  the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made written
request to the  Trustee  to  institute  proceedings  in respect of such Event of
Default as Trustee and offered the Trustee reasonable  indemnity and the Trustee
shall not have  received  from the Holders of a majority in principal  amount of
Securities of this series at the time Outstanding a direction  inconsistent with
such  request,  and shall have failed to institute any such  proceeding,  for 90
days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit  instituted  by the Holder of this  Security for the
enforcement of any payment of principal hereof or any premium or interest hereon
on or after the respective due dates expressed herein.

      No reference  herein to the Indenture and no provision of this Security or
of the Indenture shall,  without the consent of the Holder,  alter or impair the
obligation of the Partnership,  which is absolute and unconditional,  to pay the
principal  of and any  premium  and  interest  on this  Security  at the  times,
place(s) and rate, and in the coin or currency, herein prescribed.

      The Notes shall be entitled to the  benefits of the  Indenture,  including
the covenants and agreements of the Partnership set forth therein, except to the
extent expressly otherwise set forth herein.

      This Global Security or portion hereof may not be exchanged for Definitive
Securities  of this series except in the limited  circumstances  provided in the
Indenture.

                                      -6-
<PAGE>

      The Holders of  beneficial  interests in this Global  Security will not be
entitled  to  receive  physical  delivery  of  Definitive  Securities  except as
described in the Indenture and will not be  considered  the Holders  thereof for
any purpose under the Indenture.

      The Securities of this series are issuable only in registered form without
coupons in denominations  of U.S.$1,000 and any integral  multiple  thereof.  As
provided in the Indenture and subject to certain  limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount
of  Securities  of this  series  and of like  tenor  of a  different  authorized
denomination, as requested by the Holder surrendering the same.

      No service charge shall be made for any such  registration  of transfer or
exchange,  but the  Partnership 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 Security for  registration  of transfer,
the Partnership, the Trustee and any agent of the Partnership or the Trustee may
treat the Person in whose name this  Security is  registered as the owner hereof
for all  purposes,  whether or not this  Security  is  overdue,  and neither the
Partnership,  the  Trustee nor any such agent shall be affected by notice to the
contrary.

      Obligations  of the  Partnership  under the Indenture  and the  Securities
thereunder,   including  this  Security,   are  non-recourse  to  Kinder  Morgan
Management,  LLC  ("Management")  and its Affiliates (other than the Partnership
and Kinder Morgan G.P., Inc. (the "General  Partner")),  and payable only out of
cash flow and assets of the  Partnership and the General  Partner.  The Trustee,
and each Holder of a Security by its acceptance  hereof,  will be deemed to have
agreed in the Indenture  that (1) neither  Management nor its assets (nor any of
its Affiliates  other than the  Partnership and the General  Partner,  nor their
respective assets) shall be liable for any of the obligations of the Partnership
under the Indenture or such Securities, including this Security, and (2) neither
Management nor any director,  officer,  employee,  stockholder or unitholder, as
such, of the Partnership,  the Trustee,  the General Partner,  Management or any
Affiliate of any of the foregoing  entities shall have any personal liability in
respect  of the  obligations  of the  Partnership  under the  Indenture  or such
Securities by reason of his, her or its status.

      The Indenture  contains  provisions that relieve the Partnership  from the
obligation to comply with certain restrictive covenants in the Indenture and for
satisfaction  and  discharge  at  any  time  of  the  entire  indebtedness  upon
compliance  by  the  Partnership  with  certain  conditions  set  forth  in  the
Indenture.

      This Security  shall be governed by and  construed in accordance  with the
laws of the State of New York.

      All terms used in this Security  which are defined in the Indenture  shall
have the meanings assigned to them in the Indenture.

                                      -7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]