Document:

TRANSOCEAN SEDCO FOREX INC.

                              OFFICERS' CERTIFICATE
                              ---------------------

     The  undersigned,  Eric B. Brown and William E. Turcotte, do hereby certify
that  they  are  the  duly  appointed  and acting Senior Vice President, General
Counsel  and  Corporate  Secretary  and  Associate General Counsel and Assistant
Secretary,  respectively,  of  Transocean  Sedco  Forex  Inc.,  a Cayman Islands
exempted  company  (the  "Company").  Each  of  the  undersigned  also  hereby
certifies,  pursuant  to Sections 103 and 301 of the Indenture dated as of April
15,  1997,  between Transocean Offshore Inc. ("Transocean-Delaware"), a Delaware
corporation  and  a predecessor of the Company, and The Bank of New York, as the
successor  trustee to The Chase Manhattan Bank (formerly known as Texas Commerce
Bank  National  Association)  (the  "Trustee"),  as  supplemented  by  the First
Supplemental  Indenture between Transocean-Delaware and the Trustee, dated as of
April  15,  1997,  the  Second  Supplemental Indenture among Transocean Offshore
(Texas)  Inc., a Texas corporation and a predecessor of the Company, the Company
and  the  Trustee,  dated  as  of May 14, 1999, the Third Supplemental Indenture
between  the  Company  and  the Trustee, dated as of May 24, 2000 and the Fourth
Supplemental  Indenture between the Company and the Trustee, dated as of May 11,
2001  (such  Indenture,  as  supplemented  by  the First Supplemental Indenture,
Second  Supplemental  Indenture,  Third  Supplemental  Indenture,  and  Fourth
Supplemental  Indenture,  the  "Indenture"),  that:

     A.   There  is  hereby  established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
6.50%  Notes  due  April  15,  2003  ("6.50%  Notes").

     B.   There  is  hereby  established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
6.75%  Notes  due  April  15,  2005  ("6.75%  Notes").

     C.   There  is  hereby  established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
6.95%  Notes  due  April  15,  2008  ("6.95%  Notes").

     D.   There  is  hereby  established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
9.125%  Notes  due  December  15,  2003  ("9.125%  Notes").

                                        1
<PAGE>
     E.   There  is  hereby  established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
9.50%  Notes  due  December  15,  2008  ("9.50%  Notes").

     F.   The terms and form of the 6.50% Notes shall be as set forth in Exhibit
B  and  Exhibit  C,  respectively.

     G.   The terms and form of the 6.75% Notes shall be as set forth in Exhibit
D  and  Exhibit  E,  respectively.

     H.   The terms and form of the 6.95% Notes shall be as set forth in Exhibit
F  and  Exhibit  G,  respectively.

     I.   The  terms  and  form  of  the  9.125%  Notes shall be as set forth in
Exhibit  H  and  Exhibit  I,  respectively.

     J.   The terms and form of the 9.50% Notes shall be as set forth in Exhibit
J  and  Exhibit  K,  respectively.

     K.   Each of the undersigned has read the provisions of Section 301 and 303
of  the  Indenture  and  the  definitions  relating  thereto and the resolutions
adopted  by  the  Board  of  Directors  of the Company referred to above. In the
opinion  of  each  of  the  undersigned,  he  has  made  such  examination  or
investigation as is necessary to enable him 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 the 6.50% Notes, the 6.75%
Notes,  the 6.95% Notes, the 9.125% Notes and the 9.50% Notes have been complied
with.

     L.   In  the  opinion  of  each  of  the  undersigned,  all such conditions
precedent  have  been  complied  with.

                                        2
<PAGE>
     IN WITNESS WHEREOF, the undersigned have hereunto executed this Certificate
as  of  March  7,  2002.

                                          /s/ ERIC B. BROWN
                                          --------------------------------------
                                          Eric B. Brown
                                          Senior Vice President, General Counsel
                                          Corporate Secretary

                                          /s/ WILLIAM E. TURCOTTE
                                          --------------------------------------
                                          William E. Turcotte
                                          Associate General Counsel and
                                          Assistant Secretary

                                        3
<PAGE>
                                                                       EXHIBIT B

                           TRANSOCEAN SEDCO FOREX INC.

                         6.50% NOTES DUE APRIL 15, 2003

     1.   The  title  of  the Securities of the series shall be "6.50% Notes due
April  15,  2003"  (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  $239,500,000.

     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.

     4.   The  date  on  which  the  principal  of  the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  April  15,  2003.

     5.   The rate at which each of the Notes shall bear interest shall be 6.50%
per  annum.  The  date  from  which  interest shall accrue for each of the Notes
shall  be October 15, 2001.  The Interest Payment Dates on which interest on the
Notes  shall  be  payable  are  April 15 and October 15, commencing on April 15,
2002.  The  Regular  Record  Dates  for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the April 1 or October 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     6.   The  place  or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     7.   The  Notes  are  not  redeemable.  The  Notes  are not entitled to the
benefit  of  any  sinking  fund  or  other  mandatory  redemption  provisions.

     8.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by

                                      B-1
<PAGE>
the  Cayman Islands or any such subdivision or authority thereof or therein, the
Company will (subject to compliance by the Holder of such Note with any relevant
administrative  requirements)  pay  such  additional  amounts  ("Tax  Additional
Amounts")  in  respect  of  principal amount, premiums (if any) and interest (if
any),  in  accordance with the terms of the Notes and the Indenture, as the case
may be, in order that the amounts received by the Holder of the Note, after such
deduction  or  withholding,  shall  equal  the  respective  amounts of principal
amount,  premium (if any) and interest (if any), in accordance with the terms of
the  Notes and the Indenture, as specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount,  premium (if any) and interest (if any), in accordance with the terms of
the  Note  and  the  Indenture,  or  the  enforcement  of such Note or (B) where
presentation  is  required,  such Note was presented more than 30 days after the
date  such  payment  became  due  or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from payment of principal amount, premium (if any) and interest (if
any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder or beneficial owner of such Note, if such compliance is required
by  statute  or by regulation as a precondition to relief or exemption from such
tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     9.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     10.  Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

                                      B-2
<PAGE>
     11.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit C to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     12.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      B-3
<PAGE>
                                                                       EXHIBIT C

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

     UNLESS  AND  UNTIL  IT  IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                          6.50% NOTE DUE APRIL 15, 2003

                           TRANSOCEAN SEDCO FOREX INC.

Issue Date:          ,  2002                            Maturity: April 15, 2003
           ---------  ---

Principal Amount: $                                                       CUSIP:
                   -----------

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          ) on April 15, 2003 and to pay interest thereon and
Tax  Additional  Amounts, if any, in immediately available funds as specified on
the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the Company, payment of interest and Tax Additional

                                      C-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                                TRANSOCEAN SEDCO FOREX INC.

                                                By:
                                                   -----------------------------
                                                     Name:
                                                     Title:

Attest:

----------------------------
Assistant  Secretary

                                      C-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                                  THE BANK OF NEW YORK,
                                                  as Trustee

                                                  ------------------------------
                                                  Authorized  Signature

                                      C-3
<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                          6.50% NOTE DUE APRIL 15, 2003

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $239,500,000.

INTEREST

     The  rate  at which this Global Security shall bear interest shall be 6.50%
per  annum.  The  date from which interest shall accrue for this Global Security
shall  be October 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  April 15 and October 15 of each year,
commencing  on  April 15, 2002. The Regular Record Date for the interest payable
on  this  Global  Security  on any Interest Payment Date shall be the April 1 or
October 1, as the case may be, immediately preceding such interest payment date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative

                                      C-4
<PAGE>
requirements)  pay such additional amounts ("Tax Additional Amounts") in respect
of principal amount, premiums (if any) and interest (if any), in accordance with
the terms of the Securities and the Indenture, as the case may be, in order that
the  amounts  received  by  the  Holder of the Security, after such deduction or
withholding,  shall  equal the respective amounts of principal, premium (if any)
and  interest  (if  any), in accordance with the terms of the Securities and the
Indenture,  as  specified  in  such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

    (1)     any  such tax, levy, impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective  amounts  of  principal,  premium  (if any) and interest (if any), in
accordance  with the terms of the Security and the Indenture, or the enforcement
of  such  Security  or  (B)  where  presentation  is required, such Security was
presented  more  than  30  days  after  the  date such payment became due or was
provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any)  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such Security, if such compliance is
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof

                                      C-5
<PAGE>
or  his  attorney  duly  authorized  in  writing,  and thereupon one or more new
Securities  of  this  series,  of  any authorized denominations and for the same
aggregate  principal  amount,  executed  by  the  Company  and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of such series, to waive compliance by the Company
with  certain past defaults under the Indenture and their consequences. Any such
consent  or waiver by the Holder of this Global Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Global Security and
of  any  Global  Security  issued upon the registration of transfer hereof or in
exchange  hereof  or  in lieu hereof, whether or not notation of such consent or
waiver  is  made  upon  this  Global  Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

                                      C-6
<PAGE>
     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
Outstanding  Securities  of  this  series shall have made written request to the
Trustee  to institute proceedings in respect of such Event of Default in its own
name  as  Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction  inconsistent  with  such written request has been given
to  the  Trustee  during  such  60-day  period  by  the Holders of a majority in
principal  amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the  Securities  of  this series may be declared due and
payable  in  the  manner  and  with  the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

     No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the

                                      C-7
<PAGE>
enforcement of any assessment of penalty or otherwise, all such liability being,
by  acceptance  hereof  and  as  part of the consideration for the issue hereof,
expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      C-8
<PAGE>
                                                                       EXHIBIT D

                           TRANSOCEAN SEDCO FOREX INC.

                         6.75% NOTES DUE APRIL 15, 2005

     1.   The  title  of  the Securities of the series shall be "6.75% Notes due
April  15,  2005"  (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  $350,000,000.

     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.

     4.   The  date  on  which  the  principal  of  the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  April  15,  2005.

     5.   The rate at which each of the Notes shall bear interest shall be 6.75%
per  annum.  The  date  from  which  interest shall accrue for each of the Notes
shall  be October 15, 2001.  The Interest Payment Dates on which interest on the
Notes  shall  be  payable  are  April 15 and October 15, commencing on April 15,
2002.  The  Regular  Record  Dates  for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the April 1 or October 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     6.   The  place  or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     7.   The Notes are redeemable, at the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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 the
make-whole  premium  applicable  to  the  Notes  (the  "Redemption  Price").

                                      D-1
<PAGE>
     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  20  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      D-2
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

     8.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by  the  Cayman  Islands or any such subdivision or
authority  thereof  or  therein,  the Company will (subject to compliance by the
Holder  of  such  Note  with  any relevant administrative requirements) pay such
additional  amounts  ("Tax  Additional Amounts") in respect of principal amount,
premiums  (if  any), Redemption Price, and interest (if any), in accordance with
the  terms of the Notes and the Indenture, as the case may be, in order that the
amounts received by the Holder of the Note, after such deduction or withholding,
shall  equal  the  respective  amounts  of  principal  amount, premium (if any),
Redemption  Price,  and  interest  (if any), in accordance with the terms of the
Notes  and  the  Indenture,  as  specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount, premium (if any), Redemption Price, and interest (if any), in accordance
with the terms of the Note and the Indenture, or the enforcement of such Note or
(B)  where  presentation  is required, such Note was presented more than 30 days
after  the date such payment became due or was provided for, whichever is later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  principal  amount,  premium (if any), Redemption
Price,  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Note,  if  such  compliance is

                                      D-3
<PAGE>
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     9.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     10.  Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

     11.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit E to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     12.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      D-4
<PAGE>
                                                                       EXHIBIT E

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

UNLESS  AND  UNTIL  IT  IS  EXCHANGED  IN  WHOLE  OR  IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                          6.75% NOTE DUE APRIL 15, 2005

                           TRANSOCEAN SEDCO FOREX INC.

Issue  Date:          ,  2002                           Maturity: April 15, 2005
            ---------  ---

Principal Amount:  $                                                      CUSIP:
                    -----------

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          ) on April 15, 2005 and to pay interest thereon and
Tax  Additional  Amounts, if any, in immediately available funds as specified on
the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the  Company,  payment  of  interest  and  Tax  Additional

                                      E-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                                TRANSOCEAN SEDCO FOREX INC.

                                                --------------------------------
                                                By:
                                                     Name:
                                                     Title:

Attest:

---------------------------
Assistant Secretary

                                      E-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                                   THE BANK OF NEW YORK,
                                                   as Trustee

                                                   -----------------------------
                                                   Authorized Signature

                                      E-3
<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                          6.75% NOTE DUE APRIL 15, 2005

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $350,000,000.

INTEREST

     The  rate  at which this Global Security shall bear interest shall be 6.75%
per  annum.  The  date from which interest shall accrue for this Global Security
shall  be October 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  April 15 and October 15 of each year,
commencing  on  April 15, 2002. The Regular Record Date for the interest payable
on  this  Global  Security  on any Interest Payment Date shall be the April 1 or
October 1, as the case may be, immediately preceding such interest payment date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

OPTIONAL  REDEMPTION

     The  Notes  are  redeemable,  at  the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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

                                      E-4
<PAGE>
that  is  on  or  prior  to  the  Redemption  Date)  plus the make-whole premium
applicable  to  the  Notes  (the  "Redemption  Price").

     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  20  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      E-5
<PAGE>
If  less  than  all of the Notes are to be redeemed, the Trustee will select the
Notes  to  be redeemed by such method as the Trustee deems fair and appropriate.
The  Trustee may select for redemption Notes and portions of Notes in amounts of
$1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional  Amounts")  in  respect  of  principal  amount,  premiums  (if  any),
Redemption  Price  and  interest  (if  any), in accordance with the terms of the
Securities  and  the  Indenture,  as  the case may be, in order that the amounts
received  by  the  Holder  of the Security, after such deduction or withholding,
shall  equal  the  respective amounts of principal, premium (if any), Redemption
Price  and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement  of  such  Security  or  (B)  where  presentation  is required, such
Security  was presented more than 30 days after the date such payment became due
or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any),  Redemption  Price  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Security,  if  such compliance

                                      E-6
<PAGE>
is required by statute or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof  or his attorney duly authorized in writing, and thereupon one or
more  new Securities of this series, of any authorized denominations and for the
same  aggregate  principal amount, executed by the Company and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of  such  series,  to

                                      E-7
<PAGE>
waive  compliance  by the Company with certain past defaults under the Indenture
and  their consequences. Any such consent or waiver by the Holder of this Global
Security  shall  be  conclusive and binding upon such Holder and upon all future
Holders  of  this  Global  Security  and  of any Global Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or  not  notation  of  such consent or waiver is made upon this Global Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
          Outstanding
Securities  of  this  series  shall  have made written request to the Trustee to
institute  proceedings  in  respect  of such Event of Default in its own name as
Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction inconsistent with such written request has been given to
the  Trustee during such 60-day period by the Holders of a majority in principal
amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the

                                      E-8
<PAGE>
Securities of this series may be declared due and payable in the manner and with
the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

     No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the enforcement of any assessment of penalty or otherwise, all such
liability  being,  by acceptance hereof and as part of the consideration for the
issue  hereof,  expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      E-9
<PAGE>
                                                                       EXHIBIT F

                           TRANSOCEAN SEDCO FOREX INC.

                         6.95% NOTES DUE APRIL 15, 2008

     1.    The  title  of the Securities of the series shall be "6.95% Notes due
April 15, 2008" (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.

     4.   The  date  on  which  the  principal  of  the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  April  15,  2008.

     5.   The rate at which each of the Notes shall bear interest shall be 6.95%
per  annum.  The  date  from  which  interest shall accrue for each of the Notes
shall  be October 15, 2001.  The Interest Payment Dates on which interest on the
Notes  shall  be  payable  are  April 15 and October 15, commencing on April 15,
2002.  The  Regular  Record  Dates  for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the April 1 or October 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     6.   The  place  or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     7.   The Notes are redeemable, at the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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 the
make-whole  premium  applicable  to  the  Notes  (the  "Redemption  Price").

                                      F-1
<PAGE>
     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  20  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      F-2
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

     8.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by  the  Cayman  Islands or any such subdivision or
authority  thereof  or  therein,  the Company will (subject to compliance by the
Holder  of  such  Note  with  any relevant administrative requirements) pay such
additional  amounts  ("Tax  Additional Amounts") in respect of principal amount,
premiums  (if  any), Redemption Price, and interest (if any), in accordance with
the  terms of the Notes and the Indenture, as the case may be, in order that the
amounts received by the Holder of the Note, after such deduction or withholding,
shall  equal  the  respective  amounts  of  principal  amount, premium (if any),
Redemption  Price,  and  interest  (if any), in accordance with the terms of the
Notes  and  the  Indenture,  as  specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount, premium (if any), Redemption Price, and interest (if any), in accordance
with the terms of the Note and the Indenture, or the enforcement of such Note or
(B)  where  presentation  is required, such Note was presented more than 30 days
after  the date such payment became due or was provided for, whichever is later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  principal  amount,  premium (if any), Redemption
Price,  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Note,  if  such  compliance is

                                      F-3
<PAGE>
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     9.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     10.  Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

     11.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit G to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     12.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      F-4
<PAGE>
                                                                       EXHIBIT G

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

     UNLESS  AND  UNTIL  IT  IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                          6.95% NOTE DUE APRIL 15, 2008

                           TRANSOCEAN SEDCO FOREX INC.

Issue Date:            , 2002                           Maturity: April 15, 2008
           --------  --

Principal  Amount:  $                                                     CUSIP:
                     -----------

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          ) on April 15, 2008 and to pay interest thereon and
Tax  Additional  Amounts, if any, in immediately available funds as specified on
the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the  Company,  payment  of  interest  and  Tax  Additional

                                      G-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                          TRANSOCEAN  SEDCO  FOREX  INC.

                                          --------------------------------------
                                          By:
                                               Name:
                                               Title:

Attest:

-------------------------------
Assistant  Secretary

                                      G-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                             THE  BANK  OF  NEW  YORK,
                                             as  Trustee

                                             ----------------------------------
                                             Authorized  Signature

                                      G-3
<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                          6.95% NOTE DUE APRIL 15, 2008

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $250,000,000.

INTEREST

     The  rate  at which this Global Security shall bear interest shall be 6.95%
per  annum.  The  date from which interest shall accrue for this Global Security
shall  be October 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  April 15 and October 15 of each year,
commencing  on  April 15, 2002. The Regular Record Date for the interest payable
on  this  Global  Security  on any Interest Payment Date shall be the April 1 or
October 1, as the case may be, immediately preceding such interest payment date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

OPTIONAL  REDEMPTION

     The  Notes  are  redeemable,  at  the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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

                                      G-4
<PAGE>
that  is  on  or  prior  to  the  Redemption  Date)  plus the make-whole premium
applicable  to  the  Notes  (the  "Redemption  Price").

     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  20  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      G-5
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional  Amounts")  in  respect  of  principal  amount,  premiums  (if  any),
Redemption  Price  and  interest  (if  any), in accordance with the terms of the
Securities  and  the  Indenture,  as  the case may be, in order that the amounts
received  by  the  Holder  of the Security, after such deduction or withholding,
shall  equal  the  respective amounts of principal, premium (if any), Redemption
Price  and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement  of  such  Security  or  (B)  where  presentation  is required, such
Security  was presented more than 30 days after the date such payment became due
or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any),  Redemption  Price  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Security,  if  such compliance

                                      G-6
<PAGE>
is required by statute or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

    As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof  or his attorney duly authorized in writing, and thereupon one or
more  new Securities of this series, of any authorized denominations and for the
same  aggregate  principal amount, executed by the Company and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of such series, to

                                      G-7
<PAGE>
waive  compliance  by the Company with certain past defaults under the Indenture
and  their consequences. Any such consent or waiver by the Holder of this Global
Security  shall  be  conclusive and binding upon such Holder and upon all future
Holders  of  this  Global  Security  and  of any Global Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or  not  notation  of  such consent or waiver is made upon this Global Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
Outstanding  Securities  of  this  series shall have made written request to the
Trustee  to institute proceedings in respect of such Event of Default in its own
name  as  Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction inconsistent with such written request has been given to
the  Trustee during such 60-day period by the Holders of a majority in principal
amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the

                                      G-8
<PAGE>
Securities of this series may be declared due and payable in the manner and with
the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

     No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the enforcement of any assessment of penalty or otherwise, all such
liability  being,  by acceptance hereof and as part of the consideration for the
issue  hereof,  expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      G-9
<PAGE>
                                                                       EXHIBIT H

                           TRANSOCEAN SEDCO FOREX INC.

                       9.125% NOTES DUE DECEMBER 15, 2003

     1.   The  title  of the Securities of the series shall be "9.125% Notes due
December  15,  2003"  (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  $87,112,000.

     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.

     4.   The  date  on  which  the  principal  of  the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  December  15,  2003.

     5.   The  rate  at  which  each  of  the Notes shall bear interest shall be
9.125%  per  annum.  The  date  from which interest shall accrue for each of the
Notes  shall  be December 15, 2001. The Interest Payment Dates on which interest
on  the  Notes  shall be payable are June 15 and December 15, commencing on June
15,  2002. The Regular Record Dates for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the June 1 or December 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     6.   The  place  or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     7.   The Notes are redeemable, at the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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 the
make-whole  premium  applicable  to  the  Notes  (the  "Redemption  Price").

                                      H-1
<PAGE>
     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  50  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      H-2
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

     8.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by  the  Cayman  Islands or any such subdivision or
authority  thereof  or  therein,  the Company will (subject to compliance by the
Holder  of  such  Note  with  any relevant administrative requirements) pay such
additional  amounts  ("Tax  Additional Amounts") in respect of principal amount,
premiums  (if  any), Redemption Price, and interest (if any), in accordance with
the  terms of the Notes and the Indenture, as the case may be, in order that the
amounts received by the Holder of the Note, after such deduction or withholding,
shall  equal  the  respective  amounts  of  principal  amount, premium (if any),
Redemption  Price,  and  interest  (if any), in accordance with the terms of the
Notes  and  the  Indenture,  as  specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount, premium (if any), Redemption Price, and interest (if any), in accordance
with the terms of the Note and the Indenture, or the enforcement of such Note or
(B)  where  presentation  is required, such Note was presented more than 30 days
after  the date such payment became due or was provided for, whichever is later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  principal  amount,  premium (if any), Redemption
Price,  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Note,  if  such  compliance is

                                      H-3
<PAGE>
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     9.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     10.  Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

     11.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit I to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     12.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      H-4
<PAGE>
                                                                       EXHIBIT I

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

     UNLESS  AND  UNTIL  IT  IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                        9.125% NOTE DUE DECEMBER 15, 2003

                           TRANSOCEAN SEDCO FOREX INC.

Issue Date:           , 2002                         Maturity: December 15, 2003
           -------- --

Principal Amount:  $                                                      CUSIP:
                    -----------

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          )  on December 15, 2003 and to pay interest thereon
and  Tax Additional Amounts, if any, in immediately available funds as specified
on  the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the Company, payment of interest and Tax Additional

                                      I-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                              TRANSOCEAN  SEDCO  FOREX  INC.

                                              ----------------------------------
                                              By:
                                                   Name:
                                                   Title:

Attest:

--------------------------
Assistant Secretary

                                      I-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                               THE BANK OF NEW YORK,
                                               as  Trustee

                                               ---------------------------------
                                               Authorized  Signature

                                      I-3
<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                        9.125% NOTE DUE DECEMBER 15, 2003

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $87,112,000.

INTEREST

     The  rate at which this Global Security shall bear interest shall be 9.125%
per  annum.  The  date from which interest shall accrue for this Global Security
shall be December 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  June 15 and December 15 of each year,
commencing on June 15, 2002. The Regular Record Date for the interest payable on
this  Global  Security  on  any  Interest  Payment  Date  shall be the June 1 or
December  1,  as  the  case  may be, immediately preceding such interest payment
date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

OPTIONAL  REDEMPTION

     The  Notes  are  redeemable,  at  the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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

                                      I-4
<PAGE>
that  is  on  or  prior  to  the  Redemption  Date)  plus the make-whole premium
applicable  to  the  Notes  (the  "Redemption  Price").

     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  50  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      I-5
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional  Amounts")  in  respect  of  principal  amount,  premiums  (if  any),
Redemption  Price  and  interest  (if  any), in accordance with the terms of the
Securities  and  the  Indenture,  as  the case may be, in order that the amounts
received  by  the  Holder  of the Security, after such deduction or withholding,
shall  equal  the  respective amounts of principal, premium (if any), Redemption
Price  and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement  of  such  Security  or  (B)  where  presentation  is required, such
Security  was presented more than 30 days after the date such payment became due
or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any),  Redemption  Price  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Security,  if  such compliance

                                      I-6
<PAGE>
is required by statute or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof  or his attorney duly authorized in writing, and thereupon one or
more  new Securities of this series, of any authorized denominations and for the
same  aggregate  principal amount, executed by the Company and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of such series, to

                                      I-7
<PAGE>
waive  compliance  by the Company with certain past defaults under the Indenture
and  their consequences. Any such consent or waiver by the Holder of this Global
Security  shall  be  conclusive and binding upon such Holder and upon all future
Holders  of  this  Global  Security  and  of any Global Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or  not  notation  of  such consent or waiver is made upon this Global Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
Outstanding  Securities  of  this  series shall have made written request to the
Trustee  to institute proceedings in respect of such Event of Default in its own
name  as  Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction inconsistent with such written request has been given to
the  Trustee during such 60-day period by the Holders of a majority in principal
amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the

                                      I-8
<PAGE>
Securities of this series may be declared due and payable in the manner and with
the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

     No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the enforcement of any assessment of penalty or otherwise, all such
liability  being,  by acceptance hereof and as part of the consideration for the
issue  hereof,  expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      I-9
<PAGE>
                                                                       EXHIBIT J

                           TRANSOCEAN SEDCO FOREX INC.

                        9.50% NOTES DUE DECEMBER 15, 2008

     1.   The  title  of  the Securities of the series shall be "9.50% Notes due
December  15,  2008"  (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  $300,000,000.

     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.

     4.   The  date  on  which  the  principal  of  the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  December  15,  2008.

     5.   The  rate  at  which  each  of  the Notes shall bear interest shall be
9.50%  per  annum.  The  date  from  which interest shall accrue for each of the
Notes  shall be December 15, 2001.  The Interest Payment Dates on which interest
on  the  Notes  shall be payable are June 15 and December 15, commencing on June
15, 2002.  The Regular Record Dates for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the June 1 or December 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     6.   The  place  or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     7.   The Notes are redeemable, at the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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 the
make-whole  premium  applicable  to  the  Notes  (the  "Redemption  Price").

                                      J-1
<PAGE>
     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  50  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      J-2
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

     8.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by  the  Cayman  Islands or any such subdivision or
authority  thereof  or  therein,  the Company will (subject to compliance by the
Holder  of  such  Note  with  any relevant administrative requirements) pay such
additional  amounts  ("Tax  Additional Amounts") in respect of principal amount,
premiums  (if  any), Redemption Price, and interest (if any), in accordance with
the  terms of the Notes and the Indenture, as the case may be, in order that the
amounts received by the Holder of the Note, after such deduction or withholding,
shall  equal  the  respective  amounts  of  principal  amount, premium (if any),
Redemption  Price,  and  interest  (if any), in accordance with the terms of the
Notes  and  the  Indenture,  as  specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount, premium (if any), Redemption Price, and interest (if any), in accordance
with the terms of the Note and the Indenture, or the enforcement of such Note or
(B)  where  presentation  is required, such Note was presented more than 30 days
after  the date such payment became due or was provided for, whichever is later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  principal  amount,  premium (if any), Redemption
Price,  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Note,  if  such  compliance is

                                      J-3
<PAGE>
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     9.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     10.  Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

     11.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit K to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     12.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      J-4
<PAGE>
                                                                       EXHIBIT K

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

     UNLESS  AND  UNTIL  IT  IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                        9.50% NOTE DUE DECEMBER 15, 2008

                           TRANSOCEAN SEDCO FOREX INC.

Issue Date:              , 2002                      Maturity: December 15, 2008
           ---------  ---

Principal  Amount:  $                                                     CUSIP:
                     -----------

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          )  on December 15, 2008 and to pay interest thereon
and  Tax Additional Amounts, if any, in immediately available funds as specified
on  the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the Company, payment of interest and Tax Additional

                                      K-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                          TRANSOCEAN SEDCO FOREX INC.

                                          -------------------------------------
                                          By:
                                               Name:
                                               Title:

Attest:

-----------------------------
Assistant  Secretary

                                      K-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                              THE BANK OF NEW YORK,
                                              as Trustee

                                              ----------------------------------
                                              Authorized Signature

<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                        9.50% NOTE DUE DECEMBER 15, 2008

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $300,000,000.

INTEREST

     The  rate  at which this Global Security shall bear interest shall be 9.50%
per  annum.  The  date from which interest shall accrue for this Global Security
shall be December 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  June 15 and December 15 of each year,
commencing on June 15, 2002. The Regular Record Date for the interest payable on
this  Global  Security  on  any  Interest  Payment  Date  shall be the June 1 or
December  1,  as  the  case  may be, immediately preceding such interest payment
date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

OPTIONAL  REDEMPTION

     The  Notes  are  redeemable,  at  the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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

                                      K-4
<PAGE>
that  is  on  or  prior  to  the  Redemption  Date)  plus the make-whole premium
applicable  to  the  Notes  (the  "Redemption  Price").

     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  50  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      K-5
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional  Amounts")  in  respect  of  principal  amount,  premiums  (if  any),
Redemption  Price  and  interest  (if  any), in accordance with the terms of the
Securities  and  the  Indenture,  as  the case may be, in order that the amounts
received  by  the  Holder  of the Security, after such deduction or withholding,
shall  equal  the  respective amounts of principal, premium (if any), Redemption
Price  and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any  such  tax,  levy,  impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement  of  such  Security  or  (B)  where  presentation  is required, such
Security  was presented more than 30 days after the date such payment became due
or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any),  Redemption  Price  and  interest  (if  any);

     (4)  any  tax,  levy,  impost  or  charge which would not have been imposed
but  for  the  failure  to comply upon the Company's request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such  Security,  if  such compliance

                                      K-6
<PAGE>
is required by statute or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof  or his attorney duly authorized in writing, and thereupon one or
more  new Securities of this series, of any authorized denominations and for the
same  aggregate  principal amount, executed by the Company and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of such series, to

                                      K-7
<PAGE>
waive  compliance  by the Company with certain past defaults under the Indenture
and  their consequences. Any such consent or waiver by the Holder of this Global
Security  shall  be  conclusive and binding upon such Holder and upon all future
Holders  of  this  Global  Security  and  of any Global Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or  not  notation  of  such consent or waiver is made upon this Global Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
Outstanding  Securities  of  this  series shall have made written request to the
Trustee  to institute proceedings in respect of such Event of Default in its own
name  as  Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction inconsistent with such written request has been given to
the  Trustee during such 60-day period by the Holders of a majority in principal
amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the

                                      K-8
<PAGE>
Securities of this series may be declared due and payable in the manner and with
the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

    No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the enforcement of any assessment of penalty or otherwise, all such
liability  being,  by acceptance hereof and as part of the consideration for the
issue  hereof,  expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      K-9
<PAGE>TRANSOCEAN SEDCO FOREX INC.

                              OFFICERS' CERTIFICATE
                              ---------------------

     The  undersigned,  Eric B. Brown and William E. Turcotte, do hereby certify
that  they  are  the  duly  appointed  and acting Senior Vice President, General
Counsel  and  Corporate  Secretary  and  Associate General Counsel and Assistant
Secretary,  respectively,  of  Transocean  Sedco  Forex  Inc.,  a Cayman Islands
exempted  company  (the  "Company").  Each  of  the  undersigned  also  hereby
certifies,  pursuant  to Sections 103 and 301 of the Indenture dated as of April
15,  1997,  between Transocean Offshore Inc. ("Transocean-Delaware"), a Delaware
corporation  and  a predecessor of the Company, and The Bank of New York, as the
successor  trustee to The Chase Manhattan Bank (formerly known as Texas Commerce
Bank  National  Association)  (the  "Trustee"),  as  supplemented  by  the First
Supplemental  Indenture between Transocean-Delaware and the Trustee, dated as of
April  15,  1997,  the  Second  Supplemental Indenture among Transocean Offshore
(Texas)  Inc., a Texas corporation and a predecessor of the Company, the Company
and  the  Trustee,  dated  as  of May 14, 1999, the Third Supplemental Indenture
between  the  Company  and  the Trustee, dated as of May 24, 2000 and the Fourth
Supplemental  Indenture between the Company and the Trustee, dated as of May 11,
2001  (such  Indenture,  as  supplemented  by  the First Supplemental Indenture,
Second  Supplemental  Indenture,  Third  Supplemental  Indenture,  and  Fourth
Supplemental  Indenture,  the  "Indenture"),  that:

     A.   There is hereby established pursuant to resolutions duly adopted by
the  Board  of  Directors  of  the  Company on December 13, 2001 (a copy of such
resolutions  being attached hereto as Exhibit A) a series of Securities (as that
term  is  defined  in the Indenture) to be issued under the Indenture designated
7.375%  Notes  due  April  15,  2018  (the  "Notes").

     B.   The terms and form of the Notes shall be as set forth in Exhibit
B and Exhibit  C,  respectively.

     C.   Each of the undersigned has read the provisions of Section 301 and 303
of  the  Indenture  and  the  definitions  relating  thereto and the resolutions
adopted  by  the  Board  of  Directors  of the Company referred to above. In the
opinion  of  each  of  the  undersigned,  he  has  made  such  examination  or
investigation as is necessary to enable him 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 the Notes have been complied
with.

     D.   In the opinion of each of the undersigned, all such conditions
precedent  have  been  complied  with.

                                        1
<PAGE>
     IN WITNESS WHEREOF, the undersigned have hereunto executed this Certificate
as  of  March  19,  2002.

                                         /s/ ERIC B. BROWN
                                         --------------------------------------
                                         Eric B. Brown
                                         Senior Vice President, General Counsel
                                         Corporate Secretary

                                         /s/ WILLIAM E. TURCOTTE
                                         --------------------------------------
                                         William E. Turcotte
                                         Associate General Counsel and
                                         Assistant Secretary

                                        2
<PAGE>
                                                                       EXHIBIT B

                           TRANSOCEAN SEDCO FOREX INC.

                         7.375% NOTES DUE APRIL 15, 2018

     The  title of the Securities of the series shall be "7.375% Notes due April
15,  2018"  (the  "Notes").

     1.   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.

     2.   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.

     3.   The date on which the principal of the Notes is payable, unless
accelerated  pursuant  to  the  Indenture,  shall  be  April  15,  2018.

     4.   The  rate  at  which  each  of  the Notes shall bear interest shall be
7.375%  per  annum.  The  date  from which interest shall accrue for each of the
Notes shall be October 15, 2001. The Interest Payment Dates on which interest on
the  Notes shall be payable are April 15 and October 15, commencing on April 15,
2002.  The  Regular  Record  Dates  for the interest payable on the Notes on any
Interest  Payment  Date  shall  be the April 1 or October 1, as the case may be,
immediately  preceding  such  interest  payment  date.

     5.   The place or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect  of  the Notes is at the office of the Trustee in New York, New York and
at  the  agency  of the Trustee maintained for that purpose at the office of the
Trustee;  provided  that  payment  of  interest may be made at the option of the
Company  by  check  mailed to the address of the person entitled thereto as such
address  shall  appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder  (as  defined  in  the  Indenture)  of  such  Notes.

     6.   The Notes are redeemable, at the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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 the
make-whole  premium  applicable  to  the  Notes  (the  "Redemption  Price").

                                      B-1
<PAGE>
     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  25  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      B-2
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

     7.   Additional  Amounts  (as defined in the Indenture) with respect to the
Notes  shall  be  payable in accordance with the Indenture and the provisions of
this paragraph 8.  The Company agrees that any amounts to be paid by the Company
hereunder  with  respect  to  any  Note  shall  be  paid  without  deduction  or
withholding  for  any  and  all  present  and  future withholding taxes, levies,
imposts  and  charges  whatsoever  imposed  by  or for the account of the Cayman
Islands  or any political subdivision or taxing authority thereof or therein, or
if  deduction or withholding of any such taxes, levies, imposts or charges shall
at  any  time  be  required  by  the  Cayman  Islands or any such subdivision or
authority  thereof  or  therein,  the Company will (subject to compliance by the
Holder  of  such  Note  with  any relevant administrative requirements) pay such
additional  amounts  ("Tax  Additional Amounts") in respect of principal amount,
premiums  (if  any), Redemption Price, and interest (if any), in accordance with
the  terms of the Notes and the Indenture, as the case may be, in order that the
amounts received by the Holder of the Note, after such deduction or withholding,
shall  equal  the  respective  amounts  of  principal  amount, premium (if any),
Redemption  Price,  and  interest  (if any), in accordance with the terms of the
Notes  and  the  Indenture,  as  specified in such Notes to which such Holder is
entitled;  provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)     any  such tax, levy, impost or charge which would not be payable or
due  but  for  the  fact that (A) the Holder of a Note (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Note or the collection of principal
amount, premium (if any), Redemption Price, and interest (if any), in accordance
with the terms of the Note and the Indenture, or the enforcement of such Note or
(B)  where  presentation  is required, such Note was presented more than 30 days
after  the date such payment became due or was provided for, whichever is later;

     (2)  any estate, inheritance, gift, sales, transfer, excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  principal  amount,  premium (if any), Redemption
Price,  and  interest  (if  any);

     (4)  any  tax, levy, impost or charge which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder or beneficial owner of such Note, if such compliance is

                                      B-3
<PAGE>
required  by  statute  or by regulation as a precondition to relief or exemption
from  such  tax,  levy,  impost  or  charge;  or

     (5)  any  combination  of  (1)  through  (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other than the sole beneficial owner of such Note to the extent
that  a  beneficiary  or  settlor with respect to such fiduciary, or a member of
such  partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or  beneficial  owner  been  the  Holder  of  the  Note.

     8.   The  Notes  shall  be  in  fully  registered  form  without coupons in
denominations  of  $1,000  of  principal amount thereof or any integral multiple
thereof.

     9.   Section  403  of  the  Indenture  shall  be  applicable  to the Notes.

     10.  The  Notes  will  initially  be  issued  in  permanent  global  form,
substantially in the form set forth in Exhibit C to the Officers' Certificate to
which  this  Exhibit  is  attached  (the  "Global  Securities"), as a Book-Entry
Security.  Each  Global  Security  shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of  Notes  from  time  to time endorsed thereon and that the aggregate amount of
Notes  represented thereby may from time to time be reduced to reflect exchanges
and  redemptions.  Any  endorsement  of  a  Note  to  reflect the amount, or any
increase  or  decrease in the amount, of Notes represented thereby shall be made
by  the  Trustee  in  accordance with written instructions or such other written
form  of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

     11.  The Company initially appoints the Trustee to act as Paying Agent with
respect  to  the  Notes.

                                      B-4
<PAGE>
                                                                       EXHIBIT C

                            [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY  TRUST  COMPANY,  A  NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS
DEFINED  BELOW)  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND  ANY  CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER  NAME  AS  IS  REQUESTED  BY  AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT  IS  MADE  TO  CEDE  & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED  REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE  OR  OTHERWISE  BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER  HEREOF,  CEDE  &  CO.,  HAS  AN  INTEREST  HEREIN.

     UNLESS  AND  UNTIL  IT  IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES  REPRESENTED  HEREBY,  THIS  GLOBAL  SECURITY  MAY NOT BE TRANSFERRED
EXCEPT  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
OR  BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF  SUCH  SUCCESSOR  DEPOSITARY.

                         7.375% NOTE DUE APRIL 15, 2018

                           TRANSOCEAN SEDCO FOREX INC.

Issue  Date:  _______  ___,  2002                      Maturity:  April 15, 2018
Principal  Amount:  $___________                                          CUSIP:

Registered:  No.  R-

     Transocean  Sedco  Forex Inc., a Cayman Islands exempted company limited by
shares  (herein  called  the  "Company",  which  term  includes  any  successor
corporation  under  the  indenture hereinafter referred to), for value received,
hereby promises to pay to ________________, or registered assigns, the principal
sum  of          ($          ) on April 15, 2018 and to pay interest thereon and
Tax  Additional  Amounts, if any, in immediately available funds as specified on
the  other  side  of  this  Security.

     Payment  of the principal of and interest on and Tax Additional Amounts, if
any,  with  respect to this Global Security will be made at the office or agency
of the Company maintained for that purpose in The City of New York, in such coin
or  currency  of the United States of America as at the time of payment is legal
tender  for  payment of public and private debts; provided, however, that at the
option  of  the  Company,  payment  of  interest  and  Tax  Additional

                                      C-1
<PAGE>
Amounts,  if  any,  may  be  made  by  check mailed to the address of the Person
entitled  thereto  as  such  address shall appear in the Security Register or by
wire  transfer  of immediately available funds to the accounts designated to the
Holder  of  this  Security.

     Reference  is hereby made to the further provisions of this Global 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 Global
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory  for  any  purpose.

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

Dated:
                                               TRANSOCEAN SEDCO FOREX INC.

                                               ---------------------------------
                                               By:
                                                    Name:
                                                    Title:

Attest:

----------------------------
Assistant  Secretary

                                      C-2
<PAGE>
                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                               THE BANK OF NEW YORK,
                                               as Trustee

                                               ---------------------------------
                                               Authorized Signature

                                      C-3
<PAGE>
                       [FORM OF REVERSE SIDE OF SECURITY]

                           TRANSOCEAN SEDCO FOREX INC.

                         7.375% NOTE DUE APRIL 15, 2018

     This Global Security is one of a duly authorized issue of senior securities
of  the Company (herein called the "Global Securities"), issued and to be issued
in  one  or  more series under the Indenture dated as of April 15, 1997, between
Transocean  Offshore  Inc. ("Transocean-Delaware"), a Delaware corporation and a
predecessor  of  the Company, and The Bank of New York, as the successor trustee
to  The  Chase  Manhattan  Bank  (formerly known as Texas Commerce Bank National
Association)  (the  "Trustee"),  as  supplemented  by  the  First  Supplemental
Indenture  between  Transocean-Delaware  and  the Trustee, dated as of April 15,
1997,  the Second Supplemental Indenture among Transocean Offshore (Texas) Inc.,
a  Texas  corporation  and  a  predecessor  of  the Company, the Company and the
Trustee,  dated as of May 14, 1999, the Third Supplemental Indenture between the
Company  and  the  Trustee, dated as of May 24, 2000 and the Fourth Supplemental
Indenture  between  the  Company and the Trustee, dated as of May 11, 2001 (such
Indenture,  as  supplemented  by  the  First  Supplemental  Indenture,  Second
Supplemental  Indenture,  Third  Supplemental Indenture, and Fourth Supplemental
Indenture,  the  "Indenture"), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder  of the Company, the Trustee and the Holders of the Securities and of
the  terms  upon  which  the  Securities  are,  and are to be, authenticated and
delivered.  This  Global  Security  is  one of the series designated on the face
hereof,  limited  in  aggregate  principal  amount  to  $250,000,000.

INTEREST

     The  rate at which this Global Security shall bear interest shall be 7.375%
per  annum.  The  date from which interest shall accrue for this Global Security
shall  be October 15, 2001. The Interest Payment Dates on which interest on this
Global  Security  shall  be  payable  are  April 15 and October 15 of each year,
commencing  on  April 15, 2002. The Regular Record Date for the interest payable
on  this  Global  Security  on any Interest Payment Date shall be the April 1 or
October 1, as the case may be, immediately preceding such interest payment date.

     Interest  on  any  Registered  Security which is payable, and is punctually
paid  or  duly  provided  for, on any Interest Payment Date shall be paid to the
Person  in  whose  name that Security (or one or more Predecessor Securities) is
registered  at  the  close  of  business  on  the  Regular  Record Date for such
interest.

OPTIONAL  REDEMPTION

     The  Notes  are  redeemable,  at  the option of the Company, 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 Notes at the Holder's address appearing in
the  Security  Register, on any date fixed by the Company prior to maturity (the
"Redemption Date") at a price equal to 100% of the principal amount thereof plus
accrued  and  unpaid  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

                                      C-4
<PAGE>
that  is  on  or  prior  to  the  Redemption  Date)  plus the make-whole premium
applicable  to  the  Notes  (the  "Redemption  Price").

     The  amount  of  the  make-whole premium with respect to a Note (or portion
thereof)  will  be  equal  to  the excess, if any, of (1) the sum of the present
values, calculated as of the Redemption Date, of each interest payment that, but
for such redemption, would have been payable on the Note (or portion thereof) on
each  Interest  Payment  Date occurring after the Redemption Date (excluding any
accrued  and  unpaid  interest for the period prior to the Redemption Date), and
the  principal  amount that, but for such redemption, would have been payable at
the  final  maturity  of  the  Note (or portion thereof), over (2) the principal
amount  of  such  Note  (or  portion  thereof).

     The present values of interest and principal payments referred to in clause
(1)  of  the  paragraph  above  will  be determined in accordance with generally
accepted  principles  of  financial  analysis.  Such  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 Redemption Date at a discount rate equal to the U.S. Treasury
Yield  (as  defined  below)  plus  25  basis  points.

     The  make-whole  premium  will  be  calculated by an independent investment
banking  institution  of  national  standing  appointed  by  the Company. If the
Company  fails to appoint such an institution at least 45 business days prior to
the  Redemption  Date, or if the institution appointed is unwilling or unable to
make  such  calculation,  such  calculation  will  be  made  by  an  independent
investment banking institution of national standing appointed by the Trustee (in
any  such  case,  an  "Independent  Investment  Banker").

     "U.S.  Treasury Yield" means an annual rate of interest equal to the weekly
average  yield  to maturity of U.S. Treasury Notes that have a constant maturity
that  corresponds  to the remaining term to maturity of the Notes, calculated to
the  nearest  1/12th  of  a year (the "Remaining Term"). The U.S. Treasury Yield
will  be  determined  as  of  the  third  business day immediately preceding the
Redemption  Date.

     The  weekly  average  yields  of  U.S. 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 U.S. Treasury Notes having a
constant maturity that is the same as the Remaining Term, then the U.S. Treasury
Yield  will  be equal to such weekly average yield. In all other cases, the U.S.
Treasury  Yield  will  be calculated by interpolation, on a straight-line basis,
between  the  weekly  average  yields  on  the  U.S.  Treasury Notes that have a
constant  maturity  closest  to and greater than the Remaining Term and the U.S.
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
nearest  1/100th  of  1%,  with any figure of 1/200 of 1% or above being rounded
upward.  If  weekly  average yields for U.S. Treasury Notes are not available in
the  H.15 Statistical Release or otherwise, then the U.S. Treasury Yield will be
calculated  by  interpolation  of  comparable  rates selected by the Independent
Investment  Banker.

                                      C-5
<PAGE>
     If  less  than all of the Notes are to be redeemed, the Trustee will select
the  Notes  to  be  redeemed  by  such  method  as  the  Trustee  deems fair and
appropriate.  The  Trustee may select for redemption Notes and portions of Notes
in  amounts  of  $1,000  or  integral  multiples  thereof.

     The  Notes  are  not  entitled  to the benefit of any sinking fund or other
mandatory  redemption  provisions.

TAX  ADDITIONAL  AMOUNTS

     The  Company  agrees  that  any amounts to be paid by the Company hereunder
with  respect to any Security shall be paid without deduction or withholding for
any  and  all  present and future withholding taxes, levies, imposts and charges
whatsoever  imposed by or for the account of the Cayman Islands or any political
subdivision  or  taxing  authority  thereof  or  therein,  or  if  deduction  or
withholding  of  any such taxes, levies, imposts or charges shall at any time be
required  by  the Cayman Islands or any such subdivision or authority thereof or
therein,  the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional  Amounts")  in  respect  of  principal  amount,  premiums  (if  any),
Redemption  Price  and  interest  (if  any), in accordance with the terms of the
Securities  and  the  Indenture,  as  the case may be, in order that the amounts
received  by  the  Holder  of the Security, after such deduction or withholding,
shall  equal  the  respective amounts of principal, premium (if any), Redemption
Price  and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided,  however,  that  the  foregoing  shall  not  apply  to:

     (1)  any such tax, levy, impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary  of,  member  or  shareholder  of, such Holder, if such Holder is an
estate,  trust,  partnership  or  corporation)  is  a  domiciliary,  national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than  the  holding  or  ownership  of  such  Security  or  the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement  of  such  Security  or  (B)  where  presentation  is required, such
Security  was presented more than 30 days after the date such payment became due
or  was  provided  for,  whichever  is  later;

     (2)  any  estate,  inheritance,  gift,  sales,  transfer,  excise, personal
property  or  similar  tax,  levy,  impost  or  charge;

     (3)  any  tax,  levy,  impost  or charge which is payable otherwise than by
withholding  from  payment  of  the respective amounts of principal, premium (if
any),  Redemption  Price  and  interest  (if  any);

     (4)  any tax, levy, impost or charge  which would not have been imposed but
for  the  failure  to  comply  upon  the  Company's  request with certification,
information,  documentation  or  other  reporting  requirements  concerning  the
nationality,  residence, identity or connections with the relevant tax authority
of  the  Holder  or  beneficial  owner  of  such Security, if such compliance

                                      C-6
<PAGE>
is required by statute or by regulation as a precondition to relief or exemption
from such tax, levy, impost or charge; or

     (5)  any combination of (1) through (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership  or  other  than  the  sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of  such partnership or a beneficial owner thereof, would not have been entitled
to  the  payment  of  such Tax Additional Amounts had such beneficiary, settlor,
member  or  beneficial  owner  been  the  Holder  of  the  Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth,  the  transfer  of  this  Global  Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the  office  or agency in a Place of Payment for Securities of this series, duly
endorsed  by,  or  accompanied  by  a  written  instrument  of  transfer in form
satisfactory  to  the  Company  and the Security Registrar duly executed by, the
Holder  hereof  or his attorney duly authorized in writing, and thereupon one or
more  new Securities of this series, of any authorized denominations and for the
same  aggregate  principal amount, executed by the Company and authenticated and
delivered  by  the  Trustee,  will  be  issued  to  the designated transferee or
transferees.

     The  Securities of this series are issuable only in registered form without
coupons  in  denominations  of  $1,000  and  any  integral  multiple thereof. As
provided  in  the Indenture and subject to certain limitations set forth therein
and  on  the  face  of  this  Global  Security,  Securities  of  this series are
exchangeable  for a like aggregate principal amount of Securities of this series
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 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  Global  Security for registration of
transfer,  the  Company,  the Trustee or any agent of the Company or the Trustee
may  treat  the  Person  in whose name this Global Security is registered as the
owner  hereof  for all purposes, whether or not this Global Security be overdue,
and  neither  the  Company,  the Trustee nor any such agent shall be affected by
notice  to  the  contrary.

AMENDMENT,  SUPPLEMENT  AND  WAIVER;  LIMITATION  ON  SUITS

     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 principal amount of the Securities at
the  time Outstanding of each series to be affected. The Indenture also contains
provisions  permitting  the Holders of specified percentages in principal amount
of  the  Securities  of  each  series  at the time Outstanding, on behalf of the
Holders  of  all  Securities  of such series, to

                                      C-7
<PAGE>
waive  compliance  by the Company with certain past defaults under the Indenture
and  their consequences. Any such consent or waiver by the Holder of this Global
Security  shall  be  conclusive and binding upon such Holder and upon all future
Holders  of  this  Global  Security  and  of any Global Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or  not  notation  of  such consent or waiver is made upon this Global Security.

     Subject  to  the  right  of  the Holder of any Securities of this series to
receive  payment  of  the  principal  thereof (and premium, if any) and interest
thereon  and  any  Tax Additional Amounts with respect thereto, no Holder of the
Securities  of  this  series  shall  have any right to institute any proceeding,
judicial  or otherwise, with respect to the Indenture, or for the appointment of
a  receiver  or  trustee,  or  for  any  other  remedy  thereunder,  unless

     (1)  an  Event  of  Default  with  respect to the Securities of this series
shall  have  occurred  and  be  continuing  and such Holder has previously given
written  notice  to  the  Trustee  of  such  continuing  Event  of  Default;

     (2)  the  Holders  of  not  less  than  25%  in  principal  amount  of  the
Outstanding  Securities  of  this  series shall have made written request to the
Trustee  to institute proceedings in respect of such Event of Default in its own
name  as  Trustee  hereunder;

     (3)  such  Holder  or  Holders  have  offered  to  the  Trustee  reasonable
indemnity  against  the  costs,  expenses  and  liabilities  to  be  incurred in
compliance  with  such  request;

     (4)  the  Trustee for 60 days after its receipt of such notice, request and
offer  of  indemnity  has  failed  to  institute  any  such  proceeding;  and

     (5)  no  direction inconsistent with such written request has been given to
the  Trustee during such 60-day period by the Holders of a majority in principal
amount  of  the  Outstanding  Securities  of  this  series;

it  being understood and intended that no one or more of such Holders shall have
any  right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of  such  Holders  or  to  enforce  any right under the Indenture, except in the
manner  herein  provided  and  for  the equal and ratable benefit of all of such
Holders.

SUCCESSOR  CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under  the  Securities  and  the  Indenture  in  accordance  with  the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances  specified  in  the Indenture) be released from those obligations.

DEFAULTS  AND  REMEDIES

     If  an  Event  of  Default  with respect to Securities of this series shall
occur  and be continuing, all unpaid principal plus accrued interest through the
acceleration  date  of  the

                                      C-8
<PAGE>
Securities of this series may be declared due and payable in the manner and with
the  effect  provided  in  the  Indenture.

DEFEASANCE

     The  Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of  Default  with  respect to this Global Security, in each case upon compliance
with  certain  conditions  set  forth  in  the  Indenture.

NO  RECOURSE  AGAINST  OTHERS

     No  recourse  shall  be  had  for  the  payment  of the principal of or the
interest,  if  any,  on  this  Global  Security,  for any claim based hereon, or
otherwise  in  respect hereof, or based on or in respect of the Indenture or any
indenture  supplemental  thereto, against any incorporator, shareholder, officer
or  directory,  as  such,  past,  present  or  future,  of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law  or  by  the enforcement of any assessment of penalty or otherwise, all such
liability  being,  by acceptance hereof and as part of the consideration for the
issue  hereof,  expressly  waived  and  released.

INDENTURE  TO  CONTROL;  GOVERNING  LAW

     In  the case of any conflict between the provisions of this Global Security
and  the  Indenture,  the  provisions  of  the  Indenture  shall  control.

     THE  INDENTURE  AND  THE  SECURITIES  SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF  NEW  YORK.

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically  defined  herein  are  used  herein  as  so  defined.

                                      C-9
<PAGE>

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