Document:

<PAGE>   1
                                                                EXHIBIT (4) (xi)

================================================================================

                        AMERICAN STANDARD INC., as Issuer

                 AMERICAN STANDARD COMPANIES INC., as Guarantor

                                       and

                        THE BANK OF NEW YORK, as Trustee

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

                          Fifth Supplemental Indenture

                            Dated as of May 28, 1999

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

                            Pound Sterling 60,000,000

                           8.25% Senior Notes due 2009

================================================================================

<PAGE>   2

              FIFTH SUPPLEMENTAL INDENTURE, dated as of May 28, 1999 (the "Fifth
Supplemental Indenture"), to the Indenture, dated as of May 28, 1999 (as
amended, modified or supplemented from time to time in accordance therewith, the
"Indenture"), among AMERICAN STANDARD INC., a Delaware corporation (hereinafter
called the "Issuer"), having its principal office at One Centennial Avenue, P.O.
Box 6820, Piscataway, New Jersey 08835-6820, and AMERICAN STANDARD COMPANIES
INC., a Delaware corporation (hereinafter called the "Guarantor"), having its
principal office at One Centennial Avenue, P.O. Box 6820, Piscataway, New Jersey
08835-6820, and THE BANK OF NEW YORK, a New York banking corporation, as Trustee
hereunder (hereafter called the "Trustee"), having its principal office at 101
Barclay Street, Floor 21 West, New York, New York 10286.

                                    RECITALS

              WHEREAS, the Issuer, the Guarantor and the Trustee have each duly
authorized the execution and delivery of the Indenture to provide for the
issuance from time to time of one or more series of its senior debt securities
(the "Securities") to be issued in one or more series as in the Indenture
provided;

              WHEREAS, the Issuer and the Guarantor desire and have requested
the Trustee to join them in the execution and delivery of this Fifth
Supplemental Indenture in order to establish and provide for the issuance by the
Issuer and the Guarantor of a series of Securities designated as its 8.25%
Senior Notes due 2009 (the "Sterling Notes") in the aggregate principal amount
not to exceed Pound Sterling 60,000,000, substantially in the form attached
hereto as Exhibit A, on the terms set forth herein;

              WHEREAS, Section 9.01 of the Indenture provides that a
supplemental indenture may be entered into by the Issuer and the Guarantor and
the Trustee for such purpose provided certain conditions are met;

              WHEREAS, the conditions set forth in the Indenture for the
execution and delivery of this Fifth Supplemental Indenture have been complied
with; and

              WHEREAS, all things necessary to make this Fifth Supplemental
Indenture a valid agreement of the Issuer, the Guarantor and the Trustee, in
accordance with its terms, and a

<PAGE>   3

                                      -2-

valid amendment of, and supplement to, the Indenture have been done;

              NOW, THEREFORE:

              In consideration of the premises and the purchase and acceptance
of the Sterling Notes by the Holders thereof the Issuer mutually covenants and
agrees with the Trustee, for the equal and proportionate benefit of all Holders
of the Sterling Notes, that the Indenture is supplemented and amended, to the
extent and for the purposes expressed herein, as follows:

Section 1.   SCOPE OF THIS FIFTH
             SUPPLEMENTAL INDENTURE

              (a) The changes, modifications and supplements to the Indenture
effected by this Fifth Supplemental Indenture in Section 2 hereof shall only be
applicable with respect to, and govern the terms of, the Sterling Notes issued
by the Issuer and the Guarantor, which shall be limited in original aggregate
principal amount to Pound Sterling 60,000,000 and shall not apply to any other
Securities which may be issued under the Indenture unless a supplemental
indenture with respect to such other Securities specifically incorporates such
changes, modifications and supplements.

              (b) Pursuant to this Fifth Supplemental Indenture, there is hereby
created and designated a series of Securities under the Indenture entitled
"8.25% Senior Notes due 2009." The Sterling Notes shall be in the form of
Exhibit A hereto. The Guarantee to be endorsed on the Sterling Notes shall be in
substantially the form set forth in Exhibit B.

              (1) the title of the Securities of such series shall be "Sterling
       8.25% Senior Notes due 2009" and the Sterling Notes are endorsed to the
       benefit of Article XII of the Indenture;

              (2) the Sterling Notes shall be initially authenticated and
       delivered from time to time in aggregate principal amount not to exceed
       Pound Sterling 60,000,000;

<PAGE>   4
                                      -3-

              (3) the Notes will be issued at a price of 98.335%;

              (4) the principal of each Sterling Note shall be payable on June
       1, 2009;

              (5) the Sterling Notes shall bear interest at the rate of 8.25%
       per annum;

              (6) interest shall accrue on the Sterling Notes from May 28, 1999,
       or the most recent date to which interest has been paid or duly provided
       for; the Interest Payment Dates for such Notes shall be June 1 and
       December 1 in each year, commencing December 1, 1998, and the Regular
       Record Dates with respect to the Interest Payment Dates for such Notes
       shall be May 15 and November 15 in each year, respectively (whether or
       not a Business Day);

              (7) the Corporate Trust Office of The Bank of New York, in New
       York, New York (and so long as the Notes are listed on the Luxembourg
       Stock Exchange and the rules of and the rules of such Exchange so
       require, in the city of Luxembourg and in any other city where such
       agency is required to be maintained under the rules of any stock exchange
       on which the Notes are listed) shall be the place at which (i) the
       principal of, premium, if any, and interest, if any, on the Sterling
       Notes shall be payable, (ii) registration of transfer of such Notes may
       be effected, (iii) exchanges of such Notes may be effected and (iv)
       notices and demands to or upon the Issuer in respect of such Notes and
       the Indenture may be served; and The Bank of New York shall be the
       Security Registrar for the Sterling Notes;

              (8) the Sterling Notes shall not be redeemable by the Issuer prior
       to Maturity;

              (9) not applicable;

              (10) the Securities will be issuable in denominations of Pound
       Sterling  1,000 and any integral multiple thereof;

<PAGE>   5
                                      -4-

              (11)   the currency in which the Securities are denominated and
       payable is pounds sterling; provided, however, that if the United Kingdom
       adopts the Euro, it will replace pounds sterling as the legal tender in
       the United Kingdom and result in the effective redenomination of the
       Sterling Notes into Euro and the regulations of the European Commission
       relating to the Euro shall apply to the Sterling Notes. The circumstances
       and consequences described hereunder entitle neither the Issuer, the
       Guarantor nor any holder of Sterling Notes to early redemption,
       rescission, notice or repudiation of the terms and conditions of the
       Sterling Notes or the Indenture or this Fifth Supplemental Indenture or
       to raise other defenses or to request any compensation claim, nor will
       they affect any of the other obligations of the Issuer or the Guarantor
       under the Sterling Notes and the Indenture and this Fifth Supplemental
       Indenture;

              (12)   not applicable;

              (13)   not applicable;

              (14)   not applicable;

              (15)   see Section 2 of this Fifth Supplemental Indenture;

              (16)   not applicable;

              (17)   the Sterling Notes are to be issued as Registered
       Securities; each Sterling Note is to be initially registered in the
       nominee name of the Trustee, as common depositary for EuroClear and Cedel
       Bank (the "Common Depositary"). The Sterling Notes shall not be
       transferable or exchangeable, nor shall any purported transfer be
       registered, except as follows:

              (i)    a Sterling Note may be transferred in whole, and
                     appropriate registration of transfer effected, if such
                     transfer is by EuroClear and Cedel Bank to the Common
                     Depositary, or by the Common Depositary to EuroClear or
                     Cedel Bank, or by an-

<PAGE>   6
                                      -5-

                     other nominee of EuroClear or Cedel Bank to any other
                     nominee thereof, or by EuroClear or Cedel Bank or any
                     nominee thereof to any successor of EuroClear or Cedel Bank
                     or any nominee thereof; and

              (ii)   a Sterling Note may be exchanged for certificated notes
                     registered in the respective names of the beneficial
                     holders thereof, and thereafter shall be transferable
                     without restriction, if:

                            (A) EuroClear or Cedel Bank, or any successor of
                     EuroClear or Cedel Bank, shall have notified the Issuer and
                     the Trustee that it is unwilling or unable to continue to
                     act as account holder with respect to such Sterling Note
                     and, in such case, the Trustee shall not have been notified
                     by the Issuer within ninety (90) days of the identity of a
                     successor of EuroClear or Cedel Bank with respect to such
                     Sterling Note;

                            (B) Euroclear and Cedel notify the Issuer that they
                     are unwilling or unable to act as clearing agency and a
                     successor is not appointed by the issuer within 90 days; or

                            (C) (1) an Event of Default shall have occurred and
                     be continuing pursuant to Section 5.02 of the Indenture
                     upon the request of a majority of the holders of the
                     Sterling Notes; or

                            (D) at any time if the issuer in its sole discretion
                     determines that the Global Notes (in whole but not in part)
                     should be exchanged for definitive registered notes. (18)
                     not applicable;

              (19)   not applicable;

<PAGE>   7
                                      -6-

              (20)   the Sterling Notes will be issued in book entry form;

              (21)   the Sterling Notes are subject to the defeasance and
       covenant defeasance provisions of the Indenture;

              (22)   not applicable;

              (23)   not applicable; and

              (24)   not applicable.

Section 2.           ADDITIONAL PROVISIONS

              (a)    ADDITIONAL DEFINITIONS Each of the following definitions,
which constitute part of this Fifth Supplemental Indenture, shall be inserted in
proper alphabetical order in Article I of the Indenture. Any definition set
forth in the Indenture which is also set forth below shall have the meaning set
forth below for purposes of terms of the Indenture and this Fifth Supplemental
Indenture. Capitalized terms used in this Fifth Supplemental Indenture but not
defined herein shall have the meaning ascribed to such terms in the Indenture.

              "Attributable Liens" means in connection with a sale and
lease-back transaction, the lesser of (a) the fair market value of the assets
subject to such transaction and (b) the present value (discounted at a rate per
annum equal to the average interest borne by all outstanding securities issued
under the Indenture (which may include securities in addition to the Sterling
Notes) determined on a weighted average basis and compounded semiannually) of
the obligations of the lessee for rental payments during the term of the related
lease.

              "Capital Lease" means any Indebtedness represented by a lease
obligation of a person incurred with respect to real property or equipment
acquired or leased by such person and used in its business that is required to
be recorded as a capital lease in accordance with GAAP.

              "Closing Date" means May 28, 1999.

<PAGE>   8
                                      -7-

              "Exempted Debt" means the sum of the following as of the date of
determination: (i) Indebtedness of the Issuer and Guarantor incurred after the
Closing Date and secured by Liens not otherwise permitted by the first sentence
under Limitation on Liens below (Section 10.11), and (ii) Attributable Liens of
the Issuer and Guarantor and their Subsidiaries in respect of sale and
lease-back transactions entered into after the Closing Date, other than sale and
lease-back transactions permitted by the limitation on sale and lease-back
transactions set forth under Section 10.12. For purposes of determining whether
or not a sale and lease-back transaction is "permitted" by Section 10.12,
Limitation on Sale and Lease-Back Transactions, the last paragraph under Section
10.11, Limitation on Liens (creating an exception for Exempted Debt), will be
disregarded.

              "Lien" means any lien, security interest, charge or encumbrance of
any kind (including any conditional sale or other title retention agreement, any
lease in the nature thereof, and any agreement to give any security interest).

              "Permitted Liens" means (i) Liens securing Indebtedness under the
Facility and any initial or subsequent renewal, extension, refinancing,
replacement or refunding thereof; (ii) Liens on accounts receivable, merchandise
inventory, equipment, and patents, trademarks, trade names and other
intangibles, securing Indebtedness; (iii) Liens on any asset of the Issuer and
Guarantor, any Subsidiary, or any joint venture to which the Issuer or the
Guarantor or any of their Subsidiaries is a party, created solely to secure
obligations incurred to finance the refurbishment, improvement or construction
of such asset, which obligations are incurred no later than 24 months after
completion of such refurbishment, improvement or construction, and all renewals,
extensions, refinancings, replacements or refundings of such obligations;
(iv)(a) Liens given to secure the payment of the purchase price incurred in
connection with the acquisition (including acquisition through merger or
consolidation) of property (including shares of stock), including Capital Lease
transactions in connection with any such acquisition, and (b) Liens existing on
property at the time of acquisition thereof or at the time of acquisition by the
Issuer or Guarantor or a Subsidiary or any person then owning such property
whether or not such existing Liens were given

<PAGE>   9
                                      -8-

to secure the payment of the purchase price of the property to which they
attach; provided that, with respect to clause (a), the Liens shall be given
within 24 months after such acquisition and shall attach solely to the property
acquired or purchased and any improvements then or thereafter placed thereon;
(v) Liens in favor of customs and revenue authorities arising as a matter of law
to secure payment of customs duties in connection with the importation of goods;
(vi) Liens upon specific items of inventory or other goods and proceeds of any
person securing such person's obligations in respect of bankers' acceptances
issued or created for the account of such person to facilitate the purchase,
shipment or storage of such inventory or other goods; (vii) Liens securing
reimbursement obligations with respect to letters of credit that encumber
documents and other property relating to such letters of credit and the products
and proceeds thereof; (viii) Liens on key-man life insurance policies granted to
secure Indebtedness of the Issuer or Guarantor against the cash surrender value
thereof; (ix) Liens encumbering customary initial deposits and margin deposits
and other Liens in the ordinary course of business, in each case securing
Indebtedness of the Company under interest swap obligations and currency
agreements and forward contract, option, futures contracts, futures options or
similar agreements or arrangements designed to protect the Issuer or the
Guarantor or any of their Subsidiaries from fluctuations in interest rates,
currencies or the price of commodities; (x) Liens arising out of conditional
sale, title retention, consignment or similar arrangements for the sale of goods
entered into by the Issuer or Guarantor or any of their Subsidiaries in the
ordinary course of business and (xi) Liens in favor of the Issuer or Guarantor
or any Subsidiary.

              (b)    ADDITIONAL SECTIONS Each of the following provisions, which
constitutes part of this Fifth Supplemental Indenture, is numbered to conform
with the format of the Indenture:

Section 10.11        Limitation on Liens

              The Issuer and the Guarantor will not, and will not permit any of
their Subsidiaries to, create, incur, or permit to exist, any Lien on any of
their respective properties or as-

<PAGE>   10
                                      -9-

sets, whether now owned or hereafter acquired, or upon any income or profits
therefrom, in order to secure any Indebtedness of either of the Issuer or the
Guarantor, without effectively providing that the Sterling Notes shall be
equally and ratably secured until such time as such Indebtedness is no longer
secured by such Lien, except: (i) Liens existing as of the Closing Date; (ii)
Liens granted after the Closing Date on any assets or properties of the Issuer
or the Guarantor or any of their Subsidiaries securing Indebtedness of the
Issuer or the Guarantor created in favor of the Holders of the Sterling Notes;
(iii) Liens securing Indebtedness of the Issuer or the Guarantor which is
incurred to extend, renew or refinance Indebtedness which is secured by Liens
permitted to be incurred under the Indenture; provided that such Liens do not
extend to or cover any property or assets of the Issuer or the Guarantor or any
of their Subsidiaries other than the property or assets securing the
Indebtedness being refinanced and that the principal amount of such Indebtedness
does not exceed the principal amount of the Indebtedness being refinanced; (iv)
Permitted Liens; and (v) Liens created in substitution of or as replacements for
any Liens permitted by the preceding clauses (i) through (iv), provided that,
based on a good faith determination of an officer each of the Issuer and the
Guarantor, the property or asset encumbered under any such substitute or
replacement Lien is substantially similar in nature to the property or asset
encumbered by the otherwise permitted Lien which is being replaced.

              Notwithstanding the foregoing, the Issuer and the Guarantor and
any Subsidiary may, without securing the Sterling Notes, create, incur or permit
to exist Liens which would otherwise be subject to the restrictions set forth in
the preceding paragraph, if after giving effect thereto and at the time of
determination, Exempted Debt does not exceed the greater of (i) 10% of
Consolidated Net Assets or (ii) $250,000,000.

Section 10.12   Limitation on Sale and Lease-Back
                Transactions

              The Issuer and Guarantor will not, and will not permit any of
their Subsidiaries to, enter into any sale and lease-back transaction for the
sale and leasing back of any

<PAGE>   11
                                      -10-

property or asset, whether now owned or hereafter acquired, of the Issuer or
Guarantor or any of their Subsidiaries (except such transactions (i) entered
into prior to the Closing Date or (ii) for the sale and leasing back of any
property or asset by a Subsidiary of the Issuer or Guarantor to the Issuer or
Guarantor or (iii) involving leases for less than three years or (iv) in which
the lease for the property or asset is entered into within 120 days after the
later of the date of acquisition, completion of construction or commencement or
full operations of such property or asset) unless (a) the Issuer or Guarantor or
such Subsidiary would be entitled under the Limitation on Liens covenant above
to create, incur or permit to exist a Lien on the assets to be leased in an
amount at least equal to the Attributable Liens in respect of such transaction
without equally and ratably securing the Sterling Notes, or (b) the proceeds of
the sale of the assets to be leased are at least equal to their fair market
value and the proceeds are applied to the purchase or acquisition (or in the
case of real property, the construction) of assets or to the repayment of
Indebtedness of the Issuer or Guarantor or a Subsidiary of the Issuer or
Guarantor which by its terms matures not earlier than one year after the date of
such repayment.

<PAGE>   12
                                      -11-

              IN WITNESS WHEREOF, the parties hereto have caused this Fifth
Supplemental Indenture to be duly executed as of the day and year first above
written.

                                     AMERICAN STANDARD INC.

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

                                     AMERICAN STANDARD COMPANIES INC.,
                                     as Guarantor

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

                                     THE BANK OF NEW YORK, as Trustee

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

<PAGE>   13

                                                                       EXHIBIT A

                             FORM OF SENIOR SECURITY

                               [Face of Security]

If the Holder of this Security (as indicated below) is the trustee of the
indenture as common depositary ("Common Depositary") for EuroClear or Cedel Bank
or a nominee of EuroClear or Cedel Bank, this Security is a Global Security and
the following legend applies:

                        THIS SECURITY IS HELD BY THE COMMON DEPOSITARY (AS
            DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) IN CUSTODY FOR THE
            BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO
            ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THIS GLOBAL
            SECURITY MAY BE TRANSFERRED IN WHOLE BUT NOT IN PART PURSUANT TO
            SECTION 1(b)(17)(i) OF THE FIFTH SUPPLEMENTAL INDENTURE, (II) THIS
            GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT
            TO SECTION 1(b)(17)(ii) OF THE FIFTH SUPPLEMENTAL INDENTURE, (III)
            THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR
            CANCELLATION PURSUANT TO SECTION 3.09 OF THE INDENTURE AND (IV) THIS
            GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESOR COMMON DEPOSITARY
            WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER.

                                      A-1
<PAGE>   14

                             AMERICAN STANDARD INC.
                           8.25% Senior Notes Due 2009

No. 01                                                Pound Sterling 60,000,000

                                                           ISIN No. XS0097937477

AMERICAN STANDARD INC., a Delaware corporation (herein referred to as the
"Issuer," which term includes any successor Person under the Indenture referred
to on the reverse hereof), for value received, hereby promises to pay to THE
BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED or registered assigns the
principal sum of SIXTY MILLION POUNDS STERLING on June 1, 2009 (the "Stated
Maturity Date") and to pay interest thereon from May 28, 1999 or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on June 1 and December 1 in each year (each, an "Interest
Payment Date"), commencing December 1, 1999, at the rate of 8.25% per annum,
until the principal hereof is paid or duly provided for. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Holder in whose name this
Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding
such Interest Payment Date at the office or agency of the Issuer maintained for
such purpose; provided, however, that such interest may be paid, at the Issuer's
option, by mailing a check to such Holder at its registered address or by
transfer of funds to an account maintained by such Holder. Any such interest not
so punctually paid or duly provided for shall forthwith cease to be payable to
the Holder on such Regular Record Date, and may be paid to the Holder in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities of this series not less than 10 days prior to such Special Record
Date, or may be paid at any time

                                      A-2
<PAGE>   15

in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in the Indenture. Interest will be computed on the basis of a 360-day year of
twelve 30-day months.

The principal of this Security payable on the Stated Maturity Date or the
principal of, premium, and interest on this Security will be paid against
presentation of this Security at the office or agency of the Issuer maintained
for that purpose in New York, in the coin or currency of the United Kingdom.

Interest payable on this Security on any Interest Payment Date and on the Stated
Maturity Date will include interest accrued from and including the next
preceding Interest Payment Date in respect of which interest has been paid or
duly provided for (or from and including May 28, 1999, if no interest has been
paid on this Security) to but excluding such Interest Payment Date or the Stated
Maturity Date, as the case may be. If any Interest Payment Date or the Stated
Maturity Date falls on a day that is not a Business Day, as defined below,
principal, premium, and/or interest payable with respect to such Interest
Payment Date or Stated Maturity Date, as the case may be, will be paid on the
next succeeding Business Day with the same force and effect as if it were paid
on the date such payment was due, and no interest shall accrue on the amount so
payable for the period from and after such Interest Payment Date or Stated
Maturity Date, as the case may be. "Business Day" means any day, other than a
Saturday or Sunday, on which banks in New York are not required or authorized by
law or executive order to close.

All payments of principal, premium, and interest in respect of this Security
will be made by the Issuer in immediately available funds.

Reference is hereby made to the further provisions of this Security set forth on
the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

                                      A-3
<PAGE>   16

Unless the Certificate of Authentication hereon has been executed by the Trustee
by manual signature of one of its authorized signatories, this Security shall
not be entitled to any benefit under the Indenture, or be valid or obligatory
for any purpose.

                                      A-4
<PAGE>   17

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

Dated:                               AMERICAN STANDARD INC.
       --------------

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

Attest:

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

TRUSTEE'S CERTIFICATE OF
AUTHENTICATION

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

THE BANK OF NEW YORK

as Trustee, certifies
that this is one of
the Securities referred
to in the Indenture.

by
   -----------------------
   Authorized Signatory

                                      A-5
<PAGE>   18

                              [Reverse of Security]

                             AMERICAN STANDARD INC.

This Security is one of a duly authorized issue of securities of the Issuer
(herein called the "Securities"), issued and to be issued in one or more series
under an Indenture, dated as of May 28, 1999 (herein called the "Indenture")
among the Issuer, the Guarantor and The Bank of New York, as Trustee (herein
called the "Trustee," which term includes any successor trustee under the
Indenture with respect to the series of which this Security is a part), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Issuer, 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 Security is one of the duly authorized series of Securities
designated on the face hereof (collectively, the "Securities"), and the
aggregate principal amount of the Securities to be issued under such series is
limited to Pound Sterling 60,000,000 (except for Securities authenticated and
delivered upon transfer of, or in exchange for, or in lieu of other Securities).
All terms used in this Security which are defined in the Indenture shall have
the meanings assigned to them in the Indenture.

If an Event of Default, as defined in the Indenture, shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the Guarantor and the rights of the Holders of the Securities under
the Indenture at any time by the Issuer, the Guarantor and the Trustee with the
consent of the Holders of not less than a majority of the aggregate principal
amount of all Securities issued under the Indenture at the time Outstanding and
affected thereby. The Indenture also contains provisions permitting the Holders
of not less than a majority of the aggregate principal amount of the

                                      A-6
<PAGE>   19

Outstanding Securities, on behalf of the Holders of all such Securities, to
waive compliance by the Issuer and the Guarantor with certain provisions of the
Indenture. Furthermore, provisions in the Indenture permit the Holders of not
less than a majority of the aggregate principal amount, in certain instances, of
the Outstanding Securities of any series to waive, on behalf of all of the
Holders of Securities of such series, certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and other Securities issued upon the registration of
transfer hereof or in exchange hereafter or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

No reference herein to the Indenture and no provision of this Security or of the
Indenture shall alter or impair the obligation of the Issuer, which is absolute
and unconditional, to pay the principal of (and premium) and interest on this
Security at the times, places and rate, and in the coin or currency, herein
prescribed.

As provided in the Indenture and subject to certain limitations therein and
herein set forth, the transfer of this Security is registrable in the Security
Register of the Issuer upon surrender of this Security for registration of
transfer at the office or agency of the Issuer in any place where the principal
of (and premium) and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Issuer and the Security Registrar duly executed by, the Holder hereof or by his
attorney duly authorized in writing, and thereupon one or more new Securities,
of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

As provided in the Indenture and subject to certain limitations therein and
herein set forth, this Security is exchangeable for a like aggregate principal
amount of Securities of different authorized denominations but otherwise having
the same terms and conditions, as requested by the Holder hereof surrendering
the same.

                                      A-7
<PAGE>   20

The Securities of this series are issuable only in registered form without
coupons in denominations of Pound Sterling 1,000 and any integral multiple
thereof.

No service charge shall be made for any such registration of transfer or
exchange, but the Issuer and the Guarantor may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.

Prior to due presentment of this Security for registration of transfer, the
Issuer, the Guarantor, the Trustee and any agent of the Issuer or the Trustee
may treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security be overdue, and neither
the Issuer, the Trustee nor any such agent shall be affected by notice to the
contrary.

No recourse shall be had for the payment of the principal of or premium, or the
interest on this Security, or 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 past, present or future stockholder, employee,
officer, director, incorporator, limited or general partner, as such, of the
Issuer or of any successor, either directly or through the Issuer or any
successor, whether by virtue of any constitution, statute or rule of law or by
the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released.

The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York applicable to agreements made
and to be performed entirely in such State without regard to conflicts of law
principles thereof.

                                      A-8
<PAGE>   21

ASSIGNMENT FORM

               To assign this Securities, fill in the form below:

                  I or we assign and transfer this Security to

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

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

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

            (Print or type assignee's name, address and zip code)

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

            (Insert assignee's soc. sec. or tax I.D. No.)

            and irrevocably appoint                          agent to transfer
            this Security on the books of the Company.  The agent may substitute
             another to act for him.

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

Date:                      Your Signature:
      --------------------                 --------------------

Signature Guarantee:
                     ----------------------------------

                       (Signature must be guaranteed)

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

Sign exactly as your name appears on the other side of this Security.

                                      A-9
<PAGE>   22

                                                                       EXHIBIT B

                          FORM OF NOTATION ON SECURITY
                  RELATING TO AMERICAN STANDARD COMPANIES INC.

              The Guarantor has unconditionally guaranteed, to the extent set
forth in the Indenture and subject to the provisions in the Indenture, the due
and punctual payment and performance of the obligations of the Issuer in
connection with the Indenture and each Series of Securities issued thereunder.
In case of the failure of the Issuer punctually to perform or make any such
payment, the Guarantor hereby agrees to cause such payment and performance to be
made punctually.

              The obligations of the Guarantor to the Holders and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth in Article
Twelve of the Indenture and reference is hereby made to the Indenture for the
precise terms of the Guarantee. Capitalized terms used and not defined herein
have the meanings ascribed thereto in the Indenture.

AMERICAN STANDARD COMPANIES INC.

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

Attest:

By:
   --------------------------------
   Name:
        ---------------------------
              Assistant Secretary

(Seal)

                                      B-1<PAGE>   1
                                                            EXHIBIT (9994) (xii)

================================================================================

                        AMERICAN STANDARD INC., as Issuer

                 AMERICAN STANDARD COMPANIES INC., as Guarantor

                                       and

                        THE BANK OF NEW YORK, as Trustee

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

                          Sixth Supplemental Indenture

                            Dated as of May 28, 1999

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

                              UP TO Euro350,000,000

                          7.125% Senior Notes due 2006

================================================================================

<PAGE>   2

              SIXTH SUPPLEMENTAL INDENTURE, dated as of May 28, 1999 (the "Sixth
Supplemental Indenture"), to the Indenture, dated as of May 28, 1999 (as
amended, modified or supplemented from time to time in accordance therewith, the
"Indenture"), among AMERICAN STANDARD INC., a Delaware corporation (hereinafter
called the "Issuer"), having its principal office at One Centennial Avenue, P.O.
Box 6820, Piscataway, New Jersey 08835-6820, and AMERICAN STANDARD COMPANIES
INC., a Delaware corporation (hereinafter called the "Guarantor"), having its
principal office at One Centennial Avenue, P.O. Box 6820, Piscataway, New Jersey
08835-6820, and THE BANK OF NEW YORK, a New York banking corporation, as Trustee
hereunder (hereafter called the "Trustee"), having its principal office at 101
Barclay Street, Floor 21 West, New York, New York 10286.

                                    RECITALS

              WHEREAS, the Issuer, the Guarantor and the Trustee have each duly
authorized the execution and delivery of the Indenture to provide for the
issuance from time to time of one or more series of its senior debt securities
(the "Securities") to be issued in one or more series as in the Indenture
provided;

              WHEREAS, the Issuer and the Guarantor desire and have requested
the Trustee to join them in the execution and delivery of this Sixth
Supplemental Indenture in order to establish and provide for the issuance by the
Issuer and the Guarantor of a series of Securities designated as its 7.125%
Senior Notes due 2006 (the "Euro Notes") in the aggregate principal amount not
to exceed Euro350,000,000, substantially in the form attached hereto as Exhibit
A, on the terms set forth herein;

              WHEREAS, Section 9.01 of the Indenture provides that a
supplemental indenture may be entered into by the Issuer and the Guarantor and
the Trustee for such purpose provided certain conditions are met;

              WHEREAS, the conditions set forth in the Indenture for the
execution and delivery of this Sixth Supplemental Indenture have been complied
with; and

              WHEREAS, all things necessary to make this Sixth Supplemental
Indenture a valid agreement of the Issuer, the Guarantor and the Trustee, in
accordance with its terms, and a

<PAGE>   3
                                      -2-

valid amendment of, and supplement to, the Indenture have been done;

              NOW, THEREFORE:

              In consideration of the premises and the purchase and acceptance
of the Euro Notes by the Holders thereof the Issuer mutually covenants and
agrees with the Trustee, for the equal and proportionate benefit of all Holders
of the Euro Notes, that the Indenture is supplemented and amended, to the extent
and for the purposes expressed herein, as follows:

Section 1.    SCOPE OF THIS SIXTH
              SUPPLEMENTAL INDENTURE

       (a)    The changes, modifications and supplements to the Indenture
effected by this Sixth Supplemental Indenture in Section 2 hereof shall only be
applicable with respect to, and govern the terms of, the Euro Notes issued by
the Issuer and the Guarantor, which shall be limited in original aggregate
principal amount not to exceed Euro350,000 and shall not apply to any other
Securities which may be issued under the Indenture unless a supplemental
indenture with respect to such other Securities specifically incorporates such
changes, modifications and supplements.

       (b)    Pursuant to this Sixth Supplemental Indenture, there is hereby
created and designated a series of Securities under the Indenture entitled "Euro
7.125% Senior Notes due 2006." The Euro Notes shall be in the form of Exhibit A
hereto. The Guarantee to be endorsed on the Euro Notes shall be in substantially
the form set forth in Exhibit B.

              (1)    the title of the Securities of such series shall be "[ ]%
       Senior Notes due 2009" and the Euro Notes are endorsed to the benefit of
       Article XII of the Indenture;

              (2)    the Euro Notes shall be initially authenticated and
       delivered from time to time in an aggregate principal amount not to
       exceed Euro350,000,000; provided that hte aggregate principal amount of
       the Euro Ntoes on the Closing Date shall not exceed Euro250,,000,000;

<PAGE>   4
                                      -3-

              (3)    the Notes will be issued at a price of 99.70%;

              (4)    the principal of each Euro Note shall be payable on June 1,
       2006;

              (5)    the Euro Notes shall bear interest at the rate of 7.125%
       per annum;

              (6)    interest shall accrue on the Euro Notes from May 28, 1999,
       or the most recent date to which interest has been paid or duly provided
       for; the Interest Payment Dates for such Notes shall be June 1 and
       December 1 in each year, commencing December 1, 1998, and the Regular
       Record Dates with respect to the Interest Payment Dates for such Notes
       shall be May 15 and November 15 in each year, respectively (whether or
       not a Business Day);

              (7)    the Corporate Trust Office of The Bank of New York, in New
       York, New York (and so long as the Notes are listed on the Luxembourg
       Stock Exchange and the rules of and the rules of such Exchange so
       require, in the city of Luxembourg and in any other city where such
       agency is required to be maintained under the rules of any stock exchange
       on which the Notes are listed) shall be the place at which (i) the
       principal of, premium, if any, and interest, if any, on the Euro Notes
       shall be payable, (ii) registration of transfer of such Notes may be
       effected, (iii) exchanges of such Notes may be effected and (iv) notices
       and demands to or upon the Issuer in respect of such Notes and the
       Indenture may be served; and The Bank of New York shall be the Security
       Registrar for the Euro Notes;

              (8)    the Euro Notes shall not be redeemable by the Issuer prior
       to Maturity;

              (9)    not applicable;

              (10)   the Securities will be issuable in denominations of Euro
       1,000 and any integral multiple thereof;

              (11)   the currency in which the Securities are denominated and
       payable is Euros;

<PAGE>   5
                                      -4-

              (12)   not applicable;

              (13)   not applicable;

              (14)   not applicable;

              (15)   see Section 2 of this Sixth Supplemental Indenture;

              (16)   not applicable;

              (17)   the Euro Notes are to be issued as Registered Securities;
       each Euro Note is to be initially registered in the nominee name of the
       Trustee, as common depositary for EuroClear and Cedel Bank (the "Common
       Depositary"). The Euro Notes shall not be transferable or exchangeable,
       nor shall any purported transfer be registered, except as follows:

              (i)    a Euro Note may be transferred in whole, and appropriate
                     registration of transfer effected, if such transfer is by
                     EuroClear and Cedel Bank to the Common Depositary, or by
                     the Common Depositary to EuroClear or Cedel Bank, or by
                     another nominee of EuroClear or Cedel Bank to any other
                     nominee thereof, or by EuroClear or Cedel Bank or any
                     nominee thereof to any successor of EuroClear or Cedel Bank
                     or any nominee thereof; and

              (ii)   a Euro Note may be exchanged for certificated notes
                     registered in the respective names of the beneficial
                     holders thereof, and thereafter shall be transferable
                     without restriction, if:

                            (A) EuroClear or Cedel Bank, or any successor of
                     EuroClear or Cedel Bank, shall have notified the Issuer and
                     the Trustee that it is unwilling or unable to continue to
                     act as account holder with respect to such Euro Note and,
                     in such case, the Trustee shall not have been notified by
                     the Issuer within ninety (90) days

<PAGE>   6
                                      -5-

                     of the identity of a successor of EuroClear or Cedel Bank
                     with respect to such Euro Note;

                            (B) Euroclear and Cedel notify the Issuer that they
                     are unwilling or unable to act as clearing agency and a
                     successor is not appointed by the issuer within 90 days; or

                            (C) (1) an Event of Default shall have occurred and
                     be continuing pursuant to Section 5.02 of the Indenture
                     upon the request of a majority of the holders of the Euro
                     Notes; or

                            (D) at any time if the issuer in its sole discretion
                     determines that the Global Notes (in whole but not in part)
                     should be exchanged for definitive registered notes.

              (18)   not applicable;

              (19)   not applicable;

              (20)   the Euro Notes will be issued in book entry form;

              (21)   the Euro Notes are subject to the defeasance and covenant
       defeasance provisions of the Indenture;

              (22)   not applicable;

              (23)   not applicable; and

              (24)   not applicable.

Section 2.           ADDITIONAL PROVISIONS

              (a)    ADDITIONAL DEFINITIONS Each of the following definitions,
which constitute part of this Sixth Supplemental Indenture, shall be inserted in
proper alphabetical order in Article I of the Indenture. Any definition set
forth in the Indenture which is also set forth below shall have the meaning set
forth below for purposes of terms of the Indenture and this Sixth Supplemental
Indenture. Capitalized terms used in this

<PAGE>   7
                                      -6-

Sixth Supplemental Indenture but not defined herein shall have the meaning
ascribed to such terms in the Indenture.

              "Attributable Liens" means in connection with a sale and
lease-back transaction, the lesser of (a) the fair market value of the assets
subject to such transaction and (b) the present value (discounted at a rate per
annum equal to the average interest borne by all outstanding securities issued
under the Indenture (which may include securities in addition to the Euro Notes)
determined on a weighted average basis and compounded semiannually) of the
obligations of the lessee for rental payments during the term of the related
lease.

              "Capital Lease" means any Indebtedness represented by a lease
obligation of a person incurred with respect to real property or equipment
acquired or leased by such person and used in its business that is required to
be recorded as a capital lease in accordance with GAAP.

              "Closing Date" means May 28, 1999.

              "Exempted Debt" means the sum of the following as of the date of
determination: (i) Indebtedness of the Issuer and Guarantor incurred after the
Closing Date and secured by Liens not otherwise permitted by the first sentence
under Limitation on Liens below (Section 10.11), and (ii) Attributable Liens of
the Issuer and Guarantor and their Subsidiaries in respect of sale and
lease-back transactions entered into after the Closing Date, other than sale and
lease-back transactions permitted by the limitation on sale and lease-back
transactions set forth under Section 10.12. For purposes of determining whether
or not a sale and lease-back transaction is "permitted" by Section 10.12,
Limitation on Sale and Lease-Back Transactions, the last paragraph under Section
10.11, Limitation on Liens (creating an exception for Exempted Debt), will be
disregarded.

              "Lien" means any lien, security interest, charge or encumbrance of
any kind (including any conditional sale or other title retention agreement, any
lease in the nature thereof, and any agreement to give any security interest).

<PAGE>   8
                                      -7-

              "Permitted Liens" means (i) Liens securing Indebtedness under the
Facility and any initial or subsequent renewal, extension, refinancing,
replacement or refunding thereof; (ii) Liens on accounts receivable, merchandise
inventory, equipment, and patents, trademarks, trade names and other
intangibles, securing Indebtedness; (iii) Liens on any asset of the Issuer and
Guarantor, any Subsidiary, or any joint venture to which the Issuer or the
Guarantor or any of their Subsidiaries is a party, created solely to secure
obligations incurred to finance the refurbishment, improvement or construction
of such asset, which obligations are incurred no later than 24 months after
completion of such refurbishment, improvement or construction, and all renewals,
extensions, refinancings, replacements or refundings of such obligations;
(iv)(a) Liens given to secure the payment of the purchase price incurred in
connection with the acquisition (including acquisition through merger or
consolidation) of property (including shares of stock), including Capital Lease
transactions in connection with any such acquisition, and (b) Liens existing on
property at the time of acquisition thereof or at the time of acquisition by the
Issuer or Guarantor or a Subsidiary or any person then owning such property
whether or not such existing Liens were given to secure the payment of the
purchase price of the property to which they attach; provided that, with respect
to clause (a), the Liens shall be given within 24 months after such acquisition
and shall attach solely to the property acquired or purchased and any
improvements then or thereafter placed thereon; (v) Liens in favor of customs
and revenue authorities arising as a matter of law to secure payment of customs
duties in connection with the importation of goods; (vi) Liens upon specific
items of inventory or other goods and proceeds of any person securing such
person's obligations in respect of bankers' acceptances issued or created for
the account of such person to facilitate the purchase, shipment or storage of
such inventory or other goods; (vii) Liens securing reimbursement obligations
with respect to letters of credit that encumber documents and other property
relating to such letters of credit and the products and proceeds thereof; (viii)
Liens on key-man life insurance policies granted to secure Indebtedness of the
Issuer or Guarantor against the cash surrender value thereof; (ix) Liens
encumbering customary initial deposits and margin deposits and

<PAGE>   9
                                      -8-

other Liens in the ordinary course of business, in each case securing
Indebtedness of the Company under interest swap obligations and currency
agreements and forward contract, option, futures contracts, futures options or
similar agreements or arrangements designed to protect the Issuer or the
Guarantor or any of their Subsidiaries from fluctuations in interest rates,
currencies or the price of commodities; (x) Liens arising out of conditional
sale, title retention, consignment or similar arrangements for the sale of goods
entered into by the Issuer or Guarantor or any of their Subsidiaries in the
ordinary course of business and (xi) Liens in favor of the Issuer or Guarantor
or any Subsidiary.

              (b)    ADDITIONAL SECTIONS Each of the following provisions, which
constitutes part of this Sixth Supplemental Indenture, is numbered to conform
with the format of the Indenture:

Section 10.11        Limitation on Liens

              The Issuer and the Guarantor will not, and will not permit any of
their Subsidiaries to, create, incur, or permit to exist, any Lien on any of
their respective properties or assets, whether now owned or hereafter acquired,
or upon any income or profits therefrom, in order to secure any Indebtedness of
either of the Issuer or the Guarantor, without effectively providing that the
Euro Notes shall be equally and ratably secured until such time as such
Indebtedness is no longer secured by such Lien, except: (i) Liens existing as of
the Closing Date; (ii) Liens granted after the Closing Date on any assets or
properties of the Issuer or the Guarantor or any of their Subsidiaries securing
Indebtedness of the Issuer or the Guarantor created in favor of the Holders of
the Euro Notes; (iii) Liens securing Indebtedness of the Issuer or the Guarantor
which is incurred to extend, renew or refinance Indebtedness which is secured by
Liens permitted to be incurred under the Indenture; provided that such Liens do
not extend to or cover any property or assets of the Issuer or the Guarantor or
any of their Subsidiaries other than the property or assets securing the
Indebtedness being refinanced and that the principal amount of such Indebtedness
does not exceed the principal amount of the Indebtedness being refinanced; (iv)
Permitted

<PAGE>   10
                                      -9-

Liens; and (v) Liens created in substitution of or as replacements for any Liens
permitted by the preceding clauses (i) through (iv), provided that, based on a
good faith determination of an officer each of the Issuer and the Guarantor, the
property or asset encumbered under any such substitute or replacement Lien is
substantially similar in nature to the property or asset encumbered by the
otherwise permitted Lien which is being replaced.

              Notwithstanding the foregoing, the Issuer and the Guarantor and
any Subsidiary may, without securing the Euro Notes, create, incur or permit to
exist Liens which would otherwise be subject to the restrictions set forth in
the preceding paragraph, if after giving effect thereto and at the time of
determination, Exempted Debt does not exceed the greater of (i) 10% of
Consolidated Net Assets or (ii) $250,000,000.

Section 10.12  Limitation on Sale and Lease-Back Transactions

              The Issuer and Guarantor will not, and will not permit any of
their Subsidiaries to, enter into any sale and lease-back transaction for the
sale and leasing back of any property or asset, whether now owned or hereafter
acquired, of the Issuer or Guarantor or any of their Subsidiaries (except such
transactions (i) entered into prior to the Closing Date or (ii) for the sale and
leasing back of any property or asset by a Subsidiary of the Issuer or Guarantor
to the Issuer or Guarantor or (iii) involving leases for less than three years
or (iv) in which the lease for the property or asset is entered into within 120
days after the later of the date of acquisition, completion of construction or
commencement or full operations of such property or asset) unless (a) the Issuer
or Guarantor or such Subsidiary would be entitled under the Limitation on Liens
covenant above to create, incur or permit to exist a Lien on the assets to be
leased in an amount at least equal to the Attributable Liens in respect of such
transaction without equally and ratably securing the Euro Notes, or (b) the
proceeds of the sale of the assets to be leased are at least equal to their fair
market value and the proceeds are applied to the purchase or acquisition (or in
the case of real property, the construction) of assets or to the repayment of
Indebtedness of

<PAGE>   11
                                      -10-

the Issuer or Guarantor or a Subsidiary of the Issuer or Guarantor which by its
terms matures not earlier than one year after the date of such repayment.

<PAGE>   12
                                      -11-

              IN WITNESS WHEREOF, the parties hereto have caused this Sixth
Supplemental Indenture to be duly executed as of the day and year first above
written.

                                     AMERICAN STANDARD INC.

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

                                     AMERICAN STANDARD COMPANIES INC.,
                                     as Guarantor

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

                                     THE BANK OF NEW YORK, as Trustee

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

<PAGE>   13

                                                                       EXHIBIT A

                               [Face of Security]

                        THIS SECURITY IS HELD BY THE COMMON DEPOSITARY (AS
            DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) IN CUSTODY FOR THE
            BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO
            ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THIS GLOBAL
            SECURITY MAY BE TRANSFERRED IN WHOLE BUT NOT IN PART PURSUANT TO
            SECTION 1(b)(17)(i) OF THE SIXTH SUPPLEMENTAL INDENTURE, (II) THIS
            GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT
            TO SECTION 1(b)(17)(ii) OF THE SIXTH SUPPLEMENTAL INDENTURE, (III)
            THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR
            CANCELLATION PURSUANT TO SECTION 3.09 OF THE INDENTURE AND (IV) THIS
            GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESOR COMMON DEPOSITARY
            WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER.

                                      A-1
<PAGE>   14

                             AMERICAN STANDARD INC.
                          7.125% Senior Notes Due 2006

No. 01                                                          Euro250,000,000

                                                           ISIN No. XS0097937121

AMERICAN STANDARD INC., a Delaware corporation (herein referred to as the
"Issuer," which term includes any successor Person under the Indenture referred
to on the reverse hereof), for value received, hereby promises to pay to THE
BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED or registered assigns the
principal sum of TWO HUNDRED FIFTY MILLION EUROS on June 1, 2006 (the "Stated
Maturity Date") and to pay interest thereon from May 28, 1999 or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on June 1 and December 1 in each year (each, an "Interest
Payment Date"), commencing December 1, 1999, at the rate of 7.125% per annum,
until the principal hereof is paid or duly provided for. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Holder in whose name this
Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding
such Interest Payment Date at the office or agency of the Issuer maintained for
such purpose; provided, however, that such interest may be paid, at the Issuer's
option, by mailing a check to such Holder at its registered address or by
transfer of funds to an account maintained by such Holder. Any such interest not
so punctually paid or duly provided for shall forthwith cease to be payable to
the Holder on such Regular Record Date, and may be paid to the Holder in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof

                                      A-2
<PAGE>   15

shall be given to Holders of Securities of this series not less than 10 days
prior to such Special Record Date, or may be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange
on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in the Indenture.
Interest will be computed on the basis of a 360-day year of twelve 30-day
months.

The principal of this Security payable on the Stated Maturity Date or the
principal of, premium, and interest on this Security will be paid against
presentation of this Security at the office or agency of the Issuer maintained
for that purpose in New York, in the coin or currency of the European Community.

Interest payable on this Security on any Interest Payment Date and on the Stated
Maturity Date will include interest accrued from and including the next
preceding Interest Payment Date in respect of which interest has been paid or
duly provided for (or from and including May 28, 1999, if no interest has been
paid on this Security) to but excluding such Interest Payment Date or the Stated
Maturity Date, as the case may be. If any Interest Payment Date or the Stated
Maturity Date falls on a day that is not a Business Day, as defined below,
principal, premium, and/or interest payable with respect to such Interest
Payment Date or Stated Maturity Date, as the case may be, will be paid on the
next succeeding Business Day with the same force and effect as if it were paid
on the date such payment was due, and no interest shall accrue on the amount so
payable for the period from and after such Interest Payment Date or Stated
Maturity Date, as the case may be. "Business Day" means any day, other than a
Saturday or Sunday, on which banks in New York are not required or authorized by
law or executive order to close.

All payments of principal, premium, and interest in respect of this Security
will be made by the Issuer in immediately available funds.

Reference is hereby made to the further provisions of this Security set forth on
the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

                                      A-3
<PAGE>   16

Unless the Certificate of Authentication hereon has been executed by the Trustee
by manual signature of one of its authorized signatories, this Security shall
not be entitled to any benefit under the Indenture, or be valid or obligatory
for any purpose.

                                      A-4
<PAGE>   17

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

Dated:                                 AMERICAN STANDARD INC.
       --------------

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

Attest:

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

TRUSTEE'S CERTIFICATE OF
AUTHENTICATION

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

THE BANK OF NEW YORK

as Trustee, certifies
that this is one of
the Securities referred
to in the Indenture.

by
  --------------------------
   Authorized Signatory

                                      A-5
<PAGE>   18

                              [Reverse of Security]

                             AMERICAN STANDARD INC.

This Security is one of a duly authorized issue of securities of the Issuer
(herein called the "Securities"), issued and to be issued in one or more series
under an Indenture, dated as of May 28, 1999 (herein called the "Indenture")
among the Issuer, the Guarantor and The Bank of New York, as Trustee (herein
called the "Trustee," which term includes any successor trustee under the
Indenture with respect to the series of which this Security is a part), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Issuer, 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 Security is one of the duly authorized series of Securities
designated on the face hereof (collectively, the "Securities"), and the
aggregate principal amount of the Securities to be issued under such series is
limited to Euro350,000,000 (except for Securities authenticated and delivered
upon transfer of, or in exchange for, or in lieu of other Securities). All terms
used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

If an Event of Default, as defined in the Indenture, shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the Guarantor and the rights of the Holders of the Securities under
the Indenture at any time by the Issuer, the Guarantor and the Trustee with the
consent of the Holders of not less than a majority of the aggregate principal
amount of all Securities issued under the Indenture at the time Outstanding and
affected thereby. The Indenture also contains provisions permitting the Holders
of not less than a majority of the aggregate principal amount of the

                                      A-6
<PAGE>   19

Outstanding Securities, on behalf of the Holders of all such Securities, to
waive compliance by the Issuer and the Guarantor with certain provisions of the
Indenture. Furthermore, provisions in the Indenture permit the Holders of not
less than a majority of the aggregate principal amount, in certain instances, of
the Outstanding Securities of any series to waive, on behalf of all of the
Holders of Securities of such series, certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and other Securities issued upon the registration of
transfer hereof or in exchange hereafter or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

No reference herein to the Indenture and no provision of this Security or of the
Indenture shall alter or impair the obligation of the Issuer, which is absolute
and unconditional, to pay the principal of (and premium) and interest on this
Security at the times, places and rate, and in the coin or currency, herein
prescribed.

As provided in the Indenture and subject to certain limitations therein and
herein set forth, the transfer of this Security is registrable in the Security
Register of the Issuer upon surrender of this Security for registration of
transfer at the office or agency of the Issuer in any place where the principal
of (and premium) and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Issuer and the Security Registrar duly executed by, the Holder hereof or by his
attorney duly authorized in writing, and thereupon one or more new Securities,
of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

As provided in the Indenture and subject to certain limitations therein and
herein set forth, this Security is exchangeable for a like aggregate principal
amount of Securities of different authorized denominations but otherwise having
the same terms and conditions, as requested by the Holder hereof surrendering
the same.

                                      A-7
<PAGE>   20

The Securities of this series are issuable only in registered form without
coupons in denominations of Euro1,000 and any integral multiple thereof.

No service charge shall be made for any such registration of transfer or
exchange, but the Issuer and the Guarantor may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.

Prior to due presentment of this Security for registration of transfer, the
Issuer, the Guarantor, the Trustee and any agent of the Issuer or the Trustee
may treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security be overdue, and neither
the Issuer, the Trustee nor any such agent shall be affected by notice to the
contrary.

No recourse shall be had for the payment of the principal of or premium, or the
interest on this Security, or 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 past, present or future stockholder, employee,
officer, director, incorporator, limited or general partner, as such, of the
Issuer or of any successor, either directly or through the Issuer or any
successor, whether by virtue of any constitution, statute or rule of law or by
the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released.

The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York applicable to agreements made
and to be performed entirely in such State without regard to conflicts of law
principles thereof.

                                      A-8
<PAGE>   21

ASSIGNMENT FORM

               To assign this Securities, fill in the form below:

               I or we assign and transfer this Security to

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

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

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

            (Print or type assignee's name, address and zip code)

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

            (Insert assignee's soc. sec. or tax I.D. No.)

            and irrevocably appoint                           agent to transfer
            this Security on the books of the Company.  The agent may substitute
            another to act for him.

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

Date:                      Your Signature:
      --------------------                 --------------------

Signature Guarantee:
                     ----------------------------------

                       (Signature must be guaranteed)

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

Sign exactly as your name appears on the other side of this Security.

                                      A-9
<PAGE>   22

                                                                       EXHIBIT B

                          FORM OF NOTATION ON SECURITY
                  RELATING TO AMERICAN STANDARD COMPANIES INC.

              The Guarantor has unconditionally guaranteed, to the extent set
forth in the Indenture and subject to the provisions in the Indenture, the due
and punctual payment and performance of the obligations of the Issuer in
connection with the Indenture and each Series of Securities issued thereunder.
In case of the failure of the Issuer punctually to perform or make any such
payment, the Guarantor hereby agrees to cause such payment and performance to be
made punctually.

              The obligations of the Guarantor to the Holders and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth in Article
Twelve of the Indenture and reference is hereby made to the Indenture for the
precise terms of the Guarantee. Capitalized terms used and not defined herein
have the meanings ascribed thereto in the Indenture.

AMERICAN STANDARD COMPANIES INC.

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

Attest:

By:
   --------------------------------
   Name:
        ---------------------------
          [Assistant] Secretary

(Seal)

                                       B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]