Document:

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                                                                   EXHIBIT 10.42

                                            February 21, 2003

To each of the Lenders
     under the Credit Agreement
     referred to herein

c/o The Bank of Nova Scotia,
     as Administrative Agent
One Liberty Plaza, 25th Floor
New York, NY 10006

Ladies and Gentlemen:

        Reference is made to the Credit Agreement dated as of December 13, 2002
(the "CREDIT AGREEMENT"), among Ingram Micro Inc. ("MICRO") and Ingram Micro
Coordination Center BVBA (formerly known as Ingram European Coordination Center
N.V.) ("COORDINATION CENTER" and, together with Micro, the "INITIAL BORROWERS"),
the various financial institutions as are, or may from time to time become,
parties thereto (collectively, the "LENDERS") and The Bank of Nova Scotia as the
Administrative Agent for the Lenders and ABN AMRO Bank N.V. as the Syndication
Agent for the Lenders. Capitalized terms used herein without definition have the
meanings given in the Credit Agreement.

        The Initial Borrowers hereby request that the Lenders agree to amend the
definition of "ADDITIONAL PERMITTED LIENS" in Section 1.1 of the Credit
Agreement by:

        (i) restating subclause (a)(i) therein in its entirety to read as
follows: "(i) the sum of the Amount of Additional Liens on that date plus the
amount of cash and cash equivalents or investments subject to Liens permitted by
clause (c) of this definition on that date does not exceed 20% of Consolidated
Tangible Net Worth on that date" and

        (ii) adding a new clause (c) at the end thereof reading as follows: "and
(c) Liens on cash and cash equivalents or investments (and the deposit or other
accounts to which such cash and cash equivalents and investments are credited)
securing obligations under any interest rate protection agreement, foreign
currency exchange agreement, commodity price protection agreement or other

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interest rate, currency exchange rate or commodity price hedging agreement but
only to the extent that the sum of the Amount of Additional Liens on that date
plus the amount of such cash and cash equivalents or investments on that date
does not exceed 20% of Consolidated Tangible Net Worth on that date."

        By its execution in the place provided below, each Lender agrees that
the Credit Agreement shall be amended as stated in the preceding paragraph. This
letter agreement and the amendments to the Credit Agreement made hereby shall
become effective as of the date hereof when the Administrative Agent shall have
received from Lenders constituting the Required Lenders a counterpart hereof
signed by each such party or facsimile or other written confirmation (in form
satisfactory to the Administrative Agent) that such party has signed a
counterpart hereof. Each reference to "hereof", "hereunder", "herein" and
"hereby" and each other similar reference and each reference to "this Agreement"
and each other similar reference contained in the Credit Agreement shall, after
this letter agreement becomes effective, refer to the Credit Agreement as
amended hereby.

        This letter agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument. This letter agreement shall be
governed by and construed in accordance with the laws of the State of New York.

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                                            Very truly yours,

                                            INGRAM MICRO INC

                                            By /s/ James F. Ricketts
                                               ---------------------------------
                                               Name:  James F. Ricketts
                                               Title: Vice President and
                                                      Treasurer

                                            INGRAM MICRO COORDINATION CENTER
                                            BVBA (formerly known as INGRAM
                                            EUROPEAN COORDINATION CENTER N.V.)

                                            By /s/ Karel Everaet
                                               ---------------------------------
                                               Name:  Karel Everaet
                                               Title: Managing Director

Agreed to and Accepted as of the
date first written above:

THE BANK OF NOVA SCOTIA

By /s/ Chris Johnson
   ---------------------------------
   Name:  Chris Johnson
   Title: Managing Director

ABN AMRO BANK N.V.

By /s/ Peter Hsu
   ---------------------------------
   Name:  Peter Hsu
   Title: Vice President

By /s/ Maria Vickroy-Peralta
   ---------------------------------
   Name:  Maria Vickroy-Peralta
   Title: Executive Director

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FLEET NATIONAL BANK

By /s/ Joan Kickhaefer
   ---------------------------------
   Name:  Joan Kickhaefer
   Title: Managing Director

KEY CORPORATE CAPITAL, INC.

By /s/ Robert W. Boswell
   ---------------------------------
   Name:  Robert W. Boswell
   Title: Vice President

MORGAN STANLEY BANK

By /s/ Jaap L. Tonckens
   ---------------------------------
   Name:  Jaap L. Tonckens
   Title: Vice President

UNION BANK OF CALIFORNIA, N.A.

By /s/ James Heim
   ---------------------------------
   Name:  James Heim
   Title: Vice President<PAGE>

                                                                   EXHIBIT 10.44

                                AMENDMENT NO. 1

                          Dated as of February 10, 2003

                                       to

                            SERIES 2000-1 SUPPLEMENT

                            Dated as of March 8, 2000

               THIS AMENDMENT NO. 1 (this "Amendment") is entered into as of
February 10, 2003 by and among INGRAM FUNDING INC., as the "Company", INGRAM
MICRO INC., as "Master Servicer", REDWOOD RECEIVABLES CORPORATION, as the sole
"Purchaser", JPMORGAN CHASE BANK, as "Trustee" and GENERAL ELECTRIC CAPITAL
CORPORATION, a Delaware corporation, as "Agent" and as sole Liquidity Bank.
Capitalized terms used in this Amendment which are not otherwise defined herein
shall have the meanings given such terms in the Supplement referred to below.

                                    RECITALS:

               WHEREAS, the Company, the Master Servicer, the Purchaser, the
Trustee, the Agent and the Liquidity Bank are parties to a Series 2000-1
Supplement dated as of March 8, 2000 (as amended, restated, supplemented or
otherwise modified from time to time, the "Supplement");

               WHEREAS, the Company, the Master Servicer, the Purchaser, the
Trustee, the Agent and the Liquidity Bank have agreed to amend the Supplement on
the terms and conditions set forth herein;

               NOW, THEREFORE, in consideration of the premises set forth above,
the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company, the Master Servicer, the Purchaser, the Trustee, the Agent and the
Liquidity Bank hereby agree as follows:

               1. Amendment to Section. Effective as of the date hereof and
subject to the satisfaction of the conditions precedent set forth in Section 2
below, clause (iii) of Section 5.01(p) is hereby deleted in its entirety and
replaced with the following:

                             "(iii) the  Receivable  Collection  Turnover  as of
               the last day of any  Settlement  Period  shall be greater than 36
               days;"

               2. Conditions of Effectiveness of this Amendment. This Amendment
shall become effective as of the date hereof (the "Effective Date") when, and
only when, the Agent

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and the Trustee shall each have received counterparts of this Amendment duly
executed by each of the parties hereto and the Rating Agency Condition shall
have been satisfied.

        3. Representations and Warranties.

        3.1 Upon the effectiveness of this Amendment, the Company and the Master
Servicer each (a) hereby reaffirms in all material respects all covenants,
representations and warranties made by it in the Supplement and each other
Transaction Document to the extent the same are not amended hereby and except to
the extent the same expressly relates solely to an earlier date, (b) agrees that
all such covenants, representations and warranties shall be deemed to have been
re-made as of the Effective Date of this Amendment and (c) represents and
warrants that, as of the Effective Date of this Amendment and after giving
effect hereto, no Early Amortization Event or Servicer Default has occurred and
is continuing.

        3.2 The Company and the Master Servicer each hereby represent and
warrant that this Amendment and the Supplement, as amended hereby, constitute
legal, valid and binding obligations of such Person (to the extent a party
thereto) and are enforceable against such Person in accordance with their
respective terms.

        4. Reference to and Effect on Transaction Documents.

        4.1 Upon the effectiveness of this Amendment pursuant to Section 2
hereof, on and after the Effective Date, each reference to the Supplement in any
of the Transaction Documents shall mean and be a reference to the Supplement, as
amended hereby.

        4.2 Except as specifically set forth above, the Supplement, and all
other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.

        4.3 The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Purchaser, the Trustee, the Agent or the Liquidity Bank,
nor constitute a waiver of any provision of any of the Transaction Documents, or
any other documents, instruments and agreements executed and/or delivered in
connection therewith.

        5. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

        6. Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart of a signature page to this
Amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this Amendment.

        7. Entire Agreement. This Amendment, taken together with the Supplement
and all of the other Transaction Documents, embodies the entire agreement and
understanding of

                                       2
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the parties hereto and supersedes all prior agreements and understandings,
written and oral, relating to the subject matter hereof.

        8. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF
THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK, BUT OTHERWISE WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES).

        9. No Course of Dealing. The Purchaser, the Agent, the Trustee and the
Liquidity Bank have entered into this Amendment on the express understanding
with the Company and the Master Servicer that in entering into this Amendment
the Purchaser, the Agent, the Trustee and the Liquidity Bank are not
establishing any course of dealing with the Company or the Master Servicer. The
rights of the Purchaser, the Agent, the Trustee and the Liquidity Bank to
require strict performance with all the terms and conditions of the Supplement
as amended by this Amendment and the other Transaction Documents shall not in
any way be impaired by the execution of this Amendment. None of the Purchaser,
the Agent, the Trustee or the Liquidity Bank shall be obligated in any manner to
execute any further amendments or waivers, and if such waivers or amendments are
requested in the future, assuming the terms and conditions thereof are
acceptable to them, the Purchaser, the Agent, the Trustee or the Liquidity Bank
may require the payment of fees in connection therewith.

                                       3
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               IN WITNESS WHEREOF, this Amendment No. 1 has been duly executed
as of the day and year first above written.

                                            INGRAM FUNDING INC.

                                            By: /s/ James F. Ricketts
                                                --------------------------------
                                                Name:  James F. Ricketts
                                                Title: Treasurer

                                            INGRAM MICRO INC., as Master
                                             Servicer

                                            By: /s/ James F. Ricketts
                                                --------------------------------
                                                Name:  James F. Ricketts
                                                Title: Corporate Vice President
                                                       & Treasurer

                                            JPMORGAN CHASE BANK, not in its
                                             individual capacity but solely as
                                             Trustee

                                            By: /s/ Jennifer H. McCourt
                                                --------------------------------
                                                Name:  Jennifer H. McCourt
                                                Title: Vice President

                                            GENERAL ELECTRIC CAPITAL
                                             CORPORATION, as Agent

                                            By: /s/ Brian P. Schwinn
                                                --------------------------------
                                                Name:  Brian P. Schwinn
                                                Title: Duly Authorized Signatory

                                       4
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                                            REDWOOD RECEIVABLES CORPORATION, as
                                             the sole Purchaser

                                            By: /s/ Brian P. Schwinn
                                                --------------------------------
                                                Name:  Brian P. Schwinn
                                                Title: Assistant Secretary

                                            GENERAL ELECTRIC CAPITAL
                                             CORPORATION, as sole Liquidity
                                             Bank

                                            By: /s/ Brian P. Schwinn
                                                --------------------------------
                                                Name:  Brian P. Schwinn
                                                Title: Duly Authorized Signatory

                                       5
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Consented to this 7th day of
February, 2003

AMBAC ASSURANCE CORPORATION

By: /s/ Jennifer J. Baratta
    -----------------------------
Name:  Jennifer J. Baratta
Title: Vice President

                       Signature Page to Amendment No. 1
                          to Series 2000-1 Supplement

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