Document:

<PAGE>

                                                                   Exhibit 4.1.1

                            SUPPLEMENTAL INDENTURE

          SUPPLEMENTAL INDENTURE (this "Supplemental Indenture") dated as of
          January 29, 2001, among PABTEX GP, LLC and SIS BULK HOLDING, INC.
          (each a "New Guarantor" and collectively, the "New Guarantors"), THE
          KANSAS CITY SOUTHERN RAILWAY COMPANY, a Missouri corporation (the
          "Company"), KANSAS CITY SOUTHERN INDUSTRIES, INC., GATEWAY EASTERN
          RAILWAY COMPANY, GATEWAY WESTERN RAILWAY COMPANY, KCS TRANSPORTATION
          COMPANY, MID-SOUTH MICROWAVE, INC., PABTEX, L.P. (formerly known as
          Global Terminaling Services, Inc.), RICE-CARDEN CORPORATION, SOUTHERN
          DEVELOPMENT COMPANY, SOUTHERN INDUSTRIAL SERVICES, INC., AND TRANS-
          SERVE, INC., and THE BANK OF NEW YORK, a New York banking corporation,
          as trustee under the indenture referred to below (the "Trustee").

                             W I T N E S S E T H:

          WHEREAS, the Company and KANSAS CITY SOUTHERN INDUSTRIES, INC.,
GATEWAY EASTERN RAILWAY COMPANY, GATEWAY WESTERN RAILWAY COMPANY, KCS
TRANSPORTATION COMPANY, MID-SOUTH MICROWAVE, INC., PABTEX, L.P. (formerly known
as Global Terminaling Services, Inc.), RICE-CARDEN CORPORATION, SOUTHERN
DEVELOPMENT COMPANY, SOUTHERN INDUSTRIAL SERVICES, INC., AND TRANS-SERVE, INC.
(the "Existing Guarantors") have heretofore executed and delivered to the
Trustee an Indenture (the "Indenture") dated as of September 27, 2000, providing
for the issuance of an aggregate principal amount of up to $300,000,000 of 9
1/2% Senior Notes due 2008 (the "Securities"); and

          WHEREAS, Section 4.11 of the Indenture provides that under certain
circumstances the Company is required to cause the New Guarantors to execute and
deliver to the Trustee a supplemental indenture pursuant to which each New
Guarantor shall unconditionally guarantee all the Company's obligations under
the Securities pursuant to a Note Guarantee on the terms and conditions set
forth herein; and

          WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the
Company and the Existing Guarantors are authorized to execute and deliver this
Supplemental Indenture;

          NOW THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the New
Guarantors, the Company, the Existing Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the holders of the
Securities as follows:

          1.   Agreement to Guarantee. Each of the New Guarantors hereby agrees,
               ----------------------
jointly and severally with all the Existing Guarantors, to unconditionally
guarantee the Company's obligations under the Securities on the terms and
subject to the conditions set forth in
<PAGE>

Article 10 of the Indenture and to be bound by all other applicable provisions
of the Indenture and the Securities.

          2.  Ratification of Indenture; Supplemental Indentures Part of
              ----------------------------------------------------------
Indenture.  Except as expressly amended hereby, the Indenture is in all respects
---------
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect.  This Supplemental Indenture shall form a
part of the Indenture for all purposes, and every holder of Securities
heretofore or hereafter authenticated and delivered shall be bound hereby.

          3.  Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
              -------------
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

          4.  Trustee Makes No Representation.  The Trustee makes no
              -------------------------------
representation as to the validity or sufficiency of this Supplemental Indenture.

          5.  Counterparts.  The parties may sign any number of copies of this
              ------------
Supplemental Indenture.  Each signed copy shall be an original, but all of them
together represent the same agreement.

          6.  Effect of Headings.  The section headings herein are for
              ------------------
convenience only and shall not effect the construction thereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -2-
<PAGE>

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

                              PABTEX GP, LLC

                              By:  SOUTHERN INDUSTRIAL SERVICES,
                                   INC., its sole member

                                   By: /s/ Robert H. Berry
                                      ------------------------------------------
                                      Name:  Robert H. Berry
                                      Title: Vice President and Treasurer

                              SIS BULK HOLDING, INC.

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:   Robert H. Berry
                                Title: Vice President and Treasurer

                              THE KANSAS CITY SOUTHERN RAILWAY COMPANY,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Senior Vice President and
                                       Chief Financial Officer

                              KANSAS CITY SOUTHERN INDUSTRIES, INC.,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Senior Vice President and
                                       Chief Financial Officer

                              GATEWAY EASTERN RAILWAY COMPANY,

                              By /s/ Thomas King
                                ------------------------------------------------
                                Name:
                                Title:  Treasurer

                                      -3-
<PAGE>

                              GATEWAY WESTERN RAILWAY COMPANY,

                              By /s/ Thomas King
                                ------------------------------------------------
                                Name:
                                Title:  Treasurer

                              KCS TRANSPORTATION COMPANY,

                              By /s/ Thomas King
                                ------------------------------------------------
                                Name:  Thomas King
                                Title: Vice President and Treasurer

                              MID-SOUTH MICROWAVE, INC.,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Vice President and Treasurer

                              PABTEX, L.P. (formerly known as Global Terminaling
                              Services, Inc.),

                              By:  PABTEX GP, LLC, its General Partner

                                   By:  SOUTHERN INDUSTRIAL SERVICES,
                                        INC., the sole member of PABTEX GP,
                                        LLC

                                        By: /s/ Robert H. Berry
                                           -------------------------------------
                                           Name:  Robert H. Berry
                                           Title: Vice President and Treasurer

                              RICE-CARDEN CORPORATION,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Vice President and Treasurer

                                      -4-
<PAGE>

                              SOUTHERN DEVELOPMENT COMPANY,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Vice President and Treasurer

                              SOUTHERN INDUSTRIAL SERVICES, INC.,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Vice President and Treasurer

                              TRANS-SERVE, INC.,

                              By /s/ Robert H. Berry
                                ------------------------------------------------
                                Name:  Robert H. Berry
                                Title: Vice President and Treasurer

                                THE BANK OF NEW YORK, as Trustee,

                                By /s/ Robert A. Massimillo
                                   ---------------------------------------------
                                     Name:  ROBERT A. MASSIMILLO
                                     Title: Assistant Vice President

                                      -5-<PAGE>

                                                                 Exhibit 10.20.1

                                                                  EXECUTION COPY

                    FIRST AMENDMENT dated as of June 30, 2000 (this
               "Amendment"), among KANSAS CITY SOUTHERN INDUSTRIES,
               INC.("Holdings"), THE KANSAS CITY SOUTHERN RAILWAY COMPANY (the
               "Borrower"), the LENDERS party hereto and THE CHASE MANHATTAN
               BANK, as administrative agent (in such capacity, the "Agent"),
               collateral agent, issuing bank and swingline lender.

          A. Reference is made to the Credit Agreement dated as of January 11,
2000 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among Holdings, the Borrower, the Lenders party thereto and
The Chase Manhattan Bank, as administrative agent, collateral agent, issuing
bank and swingline lender.  Capitalized terms used but not otherwise defined
herein have the meanings assigned to them in the Credit Agreement.

          B. The Borrower has requested that the Lenders amend certain
provisions of the Credit Agreement.  The Lenders are willing to agree to such
amendments on the terms and subject to the conditions of this Amendment.

          Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto hereby agree as follows:

          SECTION 1. Amendment to Article 1 of the Credit Agreement.  Article I
of the Credit Agreement is hereby amended (a) by adding in the proper
alphabetical order a definition of "Permitted Unsecured Debt" that reads in its
entirety as follows:

          "'Permitted Unsecured Debt' means any unsecured Indebtedness of
     Holdings or the Borrower, in an aggregate principal amount not to exceed
     $200,000,000 outstanding at any time, all the provisions of which
     (including amount, maturity, amortization, prepayment or similar
     requirements, interest rate, covenants and defaults) have been approved as
     to form and substance by the Administrative Agent, it being understood that
     (a) in no event shall the terms of such unsecured Indebtedness require any
     payments in respect of principal or redemptions prior to the Tranche B
     Maturity Date, and (b) a Subsidiary shall not Guarantee such unsecured
     Indebtedness unless (i) such Subsidiary also has Guaranteed the Obligations
     pursuant to the Guarantee Agreement, (ii) such Guarantee of such
     Indebtedness is unsecured and (iii) such Guarantee of such Permitted
     Unsecured Debt provides for the release and termination thereof, without
     action by any party, upon any release and termination of  the Guarantee by
     such Subsidiary of the Obligations (other than by reason of repayment and
     satisfaction of all of the Obligations).",

(b) amending clause (d) of the definition of "Excess Cash Flow" to read in its
entirety as follows:
<PAGE>

          "(d) (i) Capital Expenditures for such fiscal year (except to the
     extent attributable to the incurrence of Capital Lease Obligations or
     otherwise financed by incurring long-term Indebtedness) and (ii) capital
     contributions, loans and guaranteed Indebtedness and sale and leaseback
     transactions made during such fiscal year, in each case permitted by
     Section 6.08(j); minus"; and

(c) amending clause (d) of the definition of "Prepayment Event" to read in its
entirety as follows:

          "(d) the incurrence by Holdings, the Borrower or any other Subsidiary
     of any Permitted Unsecured Debt or any Permitted Subordinated Debt."

          SECTION 2. Amendment to Section 6.01(a)(iv) of the Credit Agreement.
Section 6.01(a)(iv) of the Credit Agreement is hereby deleted in its entirety
and replaced by the following:

          "the Permitted Unsecured Debt, the Permitted Subordinated Debt and the
     note issued pursuant to the Grupo TFM Phase II Investment;".

          SECTION 3. Amendment to Section 6.01(a)(viii) of the Credit Agreement.
Section 6.01(a)(viii) of the Credit Agreement is hereby deleted in its entirety
and replaced by the following:

          "(viii) other unsecured Indebtedness not expressly permitted by
     clauses (i) through (vii) above; provided that the sum of (A) the
     Indebtedness permitted by this clause (viii) and by clause (vii) above, (B)
     the aggregate principal amount of the outstanding Indebtedness of Holdings
     secured by Liens permitted by clauses (viii) and (x) of Section 6.02(a) and
     (C) the Attributable Debt in connection with all Sale and Leaseback
     Transactions of Holdings and the Subsidiaries permitted by clause (d) of
     Section 6.03 does not at any time exceed 5% of Consolidated Net Worth."

          SECTION 4. Amendment to Section 6.02(a)(x) of the Credit Agreement.
Section 6.02(a)(x) of the Credit Agreement is hereby deleted in its entirety and
replaced by the following:

          "(x) Liens not expressly permitted by clauses (i) through (ix);
     provided that the sum of (A) the Indebtedness permitted by clauses (vii)
     and (viii) of Section 6.01(a), (B) the aggregate principal amount of the
     outstanding Indebtedness of Holdings secured by Liens permitted by this
     clause or by clause (viii) above and (C) the Attributable Debt in
     connection with all Sale and Leaseback Transactions of Holdings and the
     Subsidiaries permitted by clause (d) of Section 6.03 does not at any time
     exceed 5% of Consolidated Net Worth."

          SECTION 5. Amendment to Section 6.03 of the Credit Agreement. Section
6.03 of the Credit Agreement is hereby amended by (i) deleting the word "and" at
the end of clause (b), (ii) inserting a new clause (c) that reads in its
entirety as follows:

          "(c) Sale and Leaseback Transactions permitted by clauses (h) and (j)
     of Section 6.08; and"

and (iii) re-lettering existing clause (c) as clause (d).
<PAGE>

          SECTION 6. Amendment to Section 6.07(a) of the Credit Agreement.
Section 6.07(a) of the Credit Agreement is hereby amended by inserting the
following new clause after clause (C):

          "(D) clause (i) of the foregoing shall not apply to customary
     restrictions contained in the Permitted Unsecured Debt,"

and re-lettering existing clauses (D) and (E) as clauses (E) and (F).

          SECTION 7. Amendment to Section 6.08(h) of the Credit Agreement.
Section 6.08(h) of the Credit Agreement is hereby deleted in its entirety and
replaced by the following:

          "(h) Guarantees for the benefit of, or capital contributions or loans
     to, or sale and leaseback transactions with, Texas Mexican Railway Company
     or any other domestic railway company that owns railways that are
     contiguous with those owned by the Borrower; provided that the aggregate
     amount of such capital contributions, loans and guaranteed Indebtedness and
     sale and leaseback transactions shall not exceed $25,000,000;".

          SECTION 8. Amendment to Section 6.08 of the Credit Agreement. Section
6.08 of the Credit Agreement is hereby amended (a) by deleting the word "and" at
the end of clause (i), (b) by inserting a new clause (j) that reads in its
entirety as follows:

          "(j) at any time on or after January 1, 2001, Guarantees for the
     benefit of, or capital contributions or loans to, or sale and leaseback
     transactions with, any company that is engaged in the same line of business
     as the Borrower or a related line of business; provided that the aggregate
     amount of such capital contributions, loans and guaranteed Indebtedness and
     sale and leaseback transactions shall not exceed $25,000,000; and"

and (c) deleting existing clause (j) and replacing it with clause (k) that reads
in its entirety as follows:

          "(k) Investments not expressly permitted by clauses (a) through (j);
     provided that the aggregate amount all such Investments shall not at any
     time exceed $5,000,000."

          SECTION 9. Amendment to Section 6.15 of the Credit Agreement. Section
6.15 of the Credit Agreement is hereby amended by inserting the following new
proviso at the end of such Section:

     "; provided, that the amount set forth opposite each of the periods above
     will be reduced by the aggregate amount of all capital contributions,
     loans, guaranteed Indebtedness and sale and leaseback transactions incurred
     pursuant to clause (j) of Section 6.08 during such period."

          SECTION 10. Amendment to Schedule 3.12 of the Credit Agreement.
Schedule 3.12 to the Credit Agreement is hereby deleted in its entirety and a
new schedule 3.12, in the form of Exhibit A attached hereto, is hereby
substituted in lieu thereof.

          SECTION 11. Representations, Warranties and Agreements.  Each of
Holdings and the Borrower hereby represents and warrants to and agrees with each
Lender and the Agent that:
<PAGE>

          (a) The representations and warranties set forth in Article III of the
     Credit Agreement are true and correct in all material respects with the
     same effect as if made on the Amendment Effective Date, except to the
     extent such representations and warranties expressly relate to an earlier
     date.

          (b) Each of Holdings and the Borrower has the requisite power and
     authority to execute, deliver and perform its obligations under this
     Amendment and to perform its obligations under the Credit Agreement as
     amended by this Amendment.

          (c) The execution, delivery and performance by each of Holdings and
     the Borrower of this Amendment and the performance by each of Holdings and
     the Borrower of the Credit Agreement, as amended by this Amendment, (i)
     have been duly authorized by all requisite action and (ii) will not (A)
     violate (x) any provision of law, statute, rule or regulation, or of the
     certificate or articles of incorporation or other constitutive documents or
     by-laws of Holdings or the Borrower or any Subsidiary, (y) any order of any
     Governmental Authority or (z) any provision of any indenture, agreement or
     other instrument to which Holdings or the Borrower or any Subsidiary is a
     party or by which any of them or any of their property is or may be bound,
     (B) be in conflict with, result in a breach of or constitute (alone or with
     notice or lapse of time or both) a default under any such indenture,
     agreement for borrowed money or other agreement or instrument or (C) result
     in the creation or imposition of any Lien upon or with respect to any
     property or assets now owned or hereafter acquired by Holdings or the
     Borrower.

          (d) This Amendment has been duly executed and delivered by Holdings
     and the Borrower.  Each of this Amendment and the Credit Agreement, as
     amended by this Amendment, constitutes a legal, valid and binding
     obligation of each of Holdings and the Borrower, enforceable against the
     Borrower in accordance with its terms, except as enforceability may be
     limited by (i) any applicable bankruptcy, insolvency, reorganization,
     moratorium or similar laws affecting the enforcement of creditors' rights
     generally and (ii) general principals of equity.

          (e) As of the Amendment Effective Date, no Event of Default or Default
     has occurred and is continuing.

          SECTION 12. Conditions to Effectiveness.  This Amendment shall become
effective on the date of the satisfaction in full of the following conditions
precedent (the "Amendment Effective Date"):

          (a) The Agent shall have received duly executed counterparts hereof
     which, when taken together, bear the authorized signatures of Holdings, the
     Borrower, the Agent and the Required Lenders.

          (b) All legal matters incident to this Amendment shall be satisfactory
     to the Required Lenders, the Agent and Cravath, Swaine & Moore, counsel for
     the Agent.

          (c) The Agent shall have received such other documents, instruments
     and certificates as it or its counsel shall reasonably request.
<PAGE>

          SECTION 13. Credit Agreement.  Except as specifically stated herein,
the Credit Agreement shall continue in full force and effect in accordance with
the provisions thereof.  As used therein, the terms "Agreement", "herein",
"hereunder", "hereto", "hereof" and words of similar import shall, unless the
context otherwise requires, refer to the Loan Agreement as modified hereby.

          SECTION 14. Applicable Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          SECTION 15. Counterparts.  This Amendment may be executed in any
number of counterparts, each of which shall be an original but all of which,
when taken together, shall constitute but one instrument.  Delivery of an
executed counterpart of a signature page of this Amendment by telecopy shall be
effective as delivery of a manually executed counterpart of this Amendment.

          SECTION 16. Expenses.  The Borrower agrees to reimburse the Agent for
its out-of-pocket expenses in connection with this Amendment, including the
reasonable fees, charges and disbursements of Cravath, Swaine & Moore, counsel
for the Agent.
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed by their respective authorized officers as of the date first
above written.

                                   KANSAS CITY SOUTHERN INDUSTRIES, INC.,

                                         by
                                            /s/ M. R. Haverty
                                            ------------------------------
                                            Name: Michael R. Haverty
                                            Title: Executive Vice-President

                                   THE KANSAS CITY SOUTHERN RAILWAY
                                   COMPANY,

                                         by
                                            /s/ M. R. Haverty
                                            ------------------------------
                                            Name: Michael R. Haverty
                                            Title: President & CEO

                                   THE CHASE MANHATTAN BANK, individually and
                                   as Administrative Agent, Issuing Bank and
                                   Swingline Lender,

                                         by
                                            /s/
                                            ------------------------------
                                            Name:
                                            Title: Vice President

                                   ABN AMRO BANK N.V.,

                                         by
                                            /s/ David J. Thomas
                                            ------------------------------
                                            Name: David J. Thomas
                                            Title: Group Vice President

                                         by
                                            /s/ Jonathan F. Chiarieri
                                            ------------------------------
                                            Name: Jonathan F. Chiarieri
                                            Title: Corporate Banking Officer

                                   AG CAPITAL FUNDING PARTNERS, L.P.,
                                   By: Angelo, Gordon & Co., L.P.,
                                   as Investment Advisor,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   AMMC CDO I, LIMITED,
                                   By: American Money Management Corp.
                                   as Collateral Manager,

                                         by
                                            /s/ David P. Meyer
                                            ------------------------------
                                            Name: David P. Meyer
                                            Title: Vice President

                                   AERIES FINANCE-II LIMITED,
                                   By: Invesco Senior Secured Management, Inc.,
                                   as Sub-Managing Agent,

                                         by
                                            /s/ Gregory Stoeckle
                                            ------------------------------
                                            Name: Gregory Stoeckle
                                            Title: Authorized Signatory

                                   AIMCO CDO, SERIES 2000-A CORP.,

                                         by

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

                                         by

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

                                   ALLSTATE LIFE INSURANCE COMPANY,

                                         by

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

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   AMERICAN SKANDIA/PIMCO LTD MATURITY
                                   BOND PORTFOLIO,
                                   By: Pacific Investment Management Company
                                   LLC, as its Investment Advisor, acting
                                   through PNC Bank in the Nominee Name of
                                   Barnett & Co.,

                                         by

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

                                   ARCHIMEDES FUNDING II, LTD.,
                                   By: ING Capital Advisors LLC, as Collateral
                                   Manager,

                                         by

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

                                   ARCHIMEDES FUNDING III, LTD.,
                                   By: ING Capital Advisors LLC, as Collateral
                                   Manager,

                                         by

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

                                   AVALON CAPITAL LTD.
                                   By: Invesco Senior Secured Management, Inc.,
                                   as Portfolio Advisor,

                                         by
                                            /s/ Gregory Stoeckle
                                            ------------------------------
                                            Name: Gregory Stoeckle
                                            Title: Authorized Signature

                                   THE BANK OF NEW YORK,

                                         by
                                            /s/ John-Paul Marotta
                                            ------------------------------
                                            Name: John-Paul Marotta
                                            Title: Vice President
<PAGE>

                                   THE BANK OF NOVA SCOTIA,

                                         by
                                            /s/ F.C.H. Ashby
                                            ------------------------------
                                            Name: F.C.H. Ashby
                                            Title: Senior Manager
                                                   Loan Operations

                                   BANK OF TOKYO-MITSUBISHI TRUST
                                   COMPANY,

                                         by
                                            /s/ Joseph P. DeVoe
                                            ------------------------------
                                            Name: Joseph P. DeVoe
                                            Title: Vice President

                                   BANK ONE, N.A. (MAIN OFFICE CHICAGO),

                                         by
                                            /s/ Aaron S. Lanski
                                            ------------------------------
                                            Name: Aaron S. Lanski
                                            Title: Assistant Vice President

                                   BANQUE WORMS CAPITAL CORPORATION,

                                         by
                                            /s/ Michele Fleming
                                            ------------------------------
                                            Name: Michele Fleming
                                            Title: VP & General Counsel

                                         by
                                            /s/ A.E. Bodin
                                            ------------------------------
                                            Name: A.E. Bodin
                                            Title: Analyst

                                   PROMETHEUS INVESTMENT FUNDING NO. 1
                                   LTD., CPF Asset Advisory, L.P., as Investment
                                   Manager,

                                         by
                                            /s/ Timothy L. Harrod
                                            ------------------------------
                                            Name: Timothy L. Harrod
                                            Title: Director

                                         by
                                            /s/ Steven Simons
                                            ------------------------------
                                            Name: Steven Simons
                                            Title: Associate Director
<PAGE>

                                   CAPTIVA III FINANCE LTD.,
                                   as advised by Pacific Investment Management
                                   Company LLC,

                                         by

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

                                   CAPTIVA IV FINANCE LTD.,
                                   as advised by Pacific Investment Management
                                   Company LLC,

                                         by

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

                                   CARLYLE HIGH YIELD PARTNERS, L.P.,

                                         by

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

                                   CARLYLE HIGH YIELD PARTNERS II, LTD.,

                                         by

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

                                   CATALINA CDO LTD.
                                   By: Pacific Investment Management Company
                                   LLC, as its investment advisor,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   CERES II FINANCE LIMITED,
                                   By: Invesco Senior Secured Management, Inc.,
                                   as Sub-Managing Agent (Financial),

                                         by
                                            /s/ Gregory Stoeckle
                                            ------------------------------
                                            Name: Gregory Stoeckle
                                            Title: Authorized Signatory

                                   THE CIT GROUP,

                                         by
                                            /s/ Nicki Reid
                                            ------------------------------
                                            Name: Nicki Reid
                                            Title: Senior Credit Analyst

                                   CREDIT SUISSE FIRST BOSTON,

                                         by
                                            /s/ Kristin Lepri
                                            ------------------------------
                                            Name: Kristin Lepri
                                            Title: Associate

                                         by
                                            /s/ Bill O'Daly
                                            ------------------------------
                                            Name: Bill O'Daly
                                            Title: Vice President

                                   NORTH AMERICAN SENIOR FLOATING RATE
                                   FUND
                                   By: CypressTree Investment Management
                                   Company, Inc. as Portfolio Manager,

                                         by
                                            /s/ Jeffrey W. Heuer
                                            ------------------------------
                                            Name: Jeffrey W. Heuer
                                            Title: Principal

                                   CYPRESSTREE SENIOR FLOATING RATE FUND,
                                   By: CypressTree Investment Management
                                   Company, Inc. as Portfolio Manager,

                                         by
                                            /s/ Jeffrey W. Heuer
                                            ------------------------------
                                            Name: Jeffrey W. Heuer
                                            Title: Principal
<PAGE>

                                   CYPRESSTREE INVESTMENT PARTNERS I, LTD.,
                                   By: CypressTree Investment Management
                                   Company, Inc., as Portfolio Manager,

                                         by
                                            /s/ Jeffrey W. Heuer
                                            ------------------------------
                                            Name: Jeffrey W. Heuer
                                            Title: Principal

                                   CYPRESSTREE INVESTMENT PARTNERS II,
                                   LTD.,
                                   By: CypressTree Investment Management
                                   Company, Inc., as Portfolio Manager,

                                         by
                                            /s/ Jeffrey W. Heuer
                                            ------------------------------
                                            Name: Jeffrey W. Heuer
                                            Title: Principal

                                   CYPRESSTREE INVESTMENT FUND, LLC
                                   By: CypressTree Investment Management
                                   Company, Inc., its Managing Member

                                         by
                                            /s/ Jeffrey W. Heuer
                                            ------------------------------
                                            Name: Jeffrey W. Heuer
                                            Title: Principal

                                   DELANO COMPANY,
                                   By: Pacific Investment Management Company
                                   LLC, as its investment advisor,

                                         by

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

                                   DIAMOND LEASE (USA), INC.,

                                         by
                                            /s/ Jeffrey H. Fishman
                                            ------------------------------
                                            Name: Jeffrey H. Fishman
                                            Title: VP, Credit Administration
<PAGE>

                                   ELC (CAYMAN) LTD.,

                                         by
                                            /s/ Russell D. Morrison
                                            ------------------------------
                                            Name: Russell D. Morrison
                                            Title: Vice President

                                   ELC (CAYMAN) LTD. 1999-III,

                                         by
                                            /s/ Russell D. Morrison
                                            ------------------------------
                                            Name: Russell D. Morrison
                                            Title: Vice President

                                   ELT LTD.,

                                         by

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

                                   EATON VANCE INSTITUTIONAL SENIOR LOAN
                                   FUND,
                                   By: Eaton Vance Management, as Investment
                                   Advisor,

                                         by

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

                                   EATON VANCE SENIOR INCOME TRUST,
                                   By: Eaton Vance Management, as Investment
                                   Advisor,

                                         by

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

                                   FIRST DOMINION FUNDING I,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                 FIRST DOMINION FUNDING II,

                                     by

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

                                 FIRST UNION NATIONAL BANK,

                                     by
                                        /s/ Beverly J. Coller
                                        --------------------------------
                                        Name: Beverly J. Coller
                                        Title: SVP

                                 FIRSTAR BANK, N.A.,

                                     by
                                        /s/ Barry P. Sullivan
                                        --------------------------------
                                        Name: Barry P. Sullivan
                                        Title: Vice President

                                 FLEET NATIONAL BANK,

                                     by
                                        /s/ Michael J. Blake
                                        --------------------------------
                                        Name: Michael J. Blake
                                        Title:

                                 FRANKLIN FLOATING RATE MASTER SERIES,

                                     by

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

                                 FRANKLIN FLOATING RATE TRUST,

                                     by

                                        --------------------------------
                                        Name:
                                        Title:
<PAGE>

                         THE FUJI BANK, LIMITED,

                              by
                                 /s/ James Fayen
                                ---------------------------------
                                Name:  James Fayen
                                Title:  Senior Vice President & Senior
                                        Team Leader

                         GALAXY CLO 1999-1 LTD.,
                         By: SAI Investment Advisor, Inc. Its Collateral
                         Manager

                              by
                                ---------------------------------
                                Name:
                                Title:

                         GENERAL ELECTRIC CAPITAL CORPORATION,

                              by
                                 /s/ R.T. Sturgeon
                                ---------------------------------
                                Name:  R.T. Sturgeon
                                Title:  Manager-Operations

                         HARCH CLO I LIMITED,

                              by
                                 /s/ Michael E. Lewitt
                                ---------------------------------
                                Name:  Michael E. Lewitt
                                Title:  Authorized Signatory

                         HARRIS TRUST AND SAVINGS BANK,

                              by
                                 /s/ Len E. Meyer
                                ---------------------------------
                                Name:  Len E. Meyer
                                Title:  Vice President

                         ING HIGH INCOME PRINCIPAL PRESERVATION
                         FUND HOLDINGS, LDC,
                         By: ING Capital Advisors LLC, as Investment Advisor,

                              by
                                ---------------------------------
                                Name:
                                Title:
<PAGE>

                                       INTERNATIONAL COMMERCIAL BANK OF
                                       CHINA CHICAGO BRANCH,

                                          by
                                              ------------------------------
                                              Name:
                                              Title:

                                       KEMPER FLOATING RATE FUND,

                                          by
                                              /s/ Kelly D. Babson
                                              ------------------------------
                                              Name:  Kelly D. Babson
                                              Title:  Managing Director

                                       KZH CYPRESSTREE-1 LLC,

                                          by
                                              /s/ Peter Chin
                                              ------------------------------
                                              Name:  Peter Chin
                                              Title:  Authorized Agent

                                       KZH ING-1 LLC,

                                          by
                                              ------------------------------
                                              Name:
                                              Title:

                                       KZH ING-2 LLC,

                                          by
                                              ------------------------------
                                              Name:
                                              Title:

                                       KZH ING-3 LLC,

                                          by
                                              /s/ Peter Chin
                                              ------------------------------
                                              Name:  Peter Chin
                                              Title:  Authorized Agent
<PAGE>

                           KZH LANGDALE LLC,

                                  by
                                     /s/ Peter Chin
                                     ---------------------------
                                     Name:  Peter Chin
                                     Title:  Authorized Agent

                           KZH RIVERSIDE LLC,

                                  by
                                     /s/ Peter Chin
                                     ---------------------------
                                     Name:  Peter Chin
                                     Title:  Authorized Agent

                           KZH SOLEIL-2 LLC,

                                  by
                                     /s/ Peter Chin
                                     ---------------------------
                                     Name:  Peter Chin
                                     Title:  Authorized Agent

                           KZH STERLING LLC,

                                  by
                                     /s/ Peter Chin
                                     ---------------------------
                                     Name:  Peter Chin
                                     Title:  Authorized Agent

                           KZH WATERSIDE LLC,

                                  by
                                     /s/ Peter Chin
                                     ---------------------------
                                     Name:  Peter Chin
                                     Title:  Authorized Agent

                           LONGHORN CDO (CAYMAN) LTD.,
                           By: Merrill Lynch Asset Management L.P., as Attorney
                           In Fact,

                                  by
                                     ---------------------------
                                     Name:
                                     Title:
<PAGE>

                             LUCENT TECHNOLOGIES INC. MASTER
                             PENSION TRUST,
                             By: Pacific Investment Management Company LLC, as
                             its Investment Advisor, acting through The Northern
                             Trust Company in the Nominee Name of How & Co.,

                                  by
                                     ---------------------------
                                     Name:
                                     Title:

                             ML CBO IV (CAYMAN) LTD.,
                             By: Highland Capital Management, L.P. as Collateral
                             Manager,

                                  by
                                     ---------------------------
                                     Name:
                                     Title:

                             ML CLO XV PILGRIM AMERICA (CAYMAN)
                             LTD.,
                             By: Pilgrim Investments, Inc. as its investment
                             manager,

                                  by
                                     ---------------------------
                                     Name:
                                     Title:

                             ML CLO XX PILGRIM AMERICA (CAYMAN)
                             LTD.,
                             By: Pilgrim Investments, Inc. as its investment
                             manager,

                                  by
                                     -----------------------------
                                     Name:
                                     Title:

                             MAPLEWOOD (CAYMAN) LIMITED,
                             By: Massachusetts Mutual Life Insurance Company, as
                             Investment Manager

                                  by
                                     /s/ Steven J. Katz
                                     -----------------------------
                                     Name:  Steven J. Katz
                                     Title:  Second Vice President and
                                             Associate General Counsel
<PAGE>

                                   MASSACHUSETTS MUTUAL LIFE INSURANCE
                                   COMPANY,

                                         by
                                            /s/ Steven J. Katz
                                            ------------------------------
                                            Title:  Second Vice President and
                                                    Associate General Counsel

                                   MERRILL LYNCH GLOBAL INVESTMENT SERIES:
                                   INCOME STRATEGIES PORTFOLIO,
                                   By: Merrill Lynch Asset Management, L.P.,
                                   as Investment Advisor,

                                         by

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

                                   MERRILL LYNCH SENIOR FLOATING RATE
                                   FUND, INC.,

                                         by

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

                                   MERRILL LYNCH SENIOR FLOATING RATE
                                   FUND II, INC.,

                                         by

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

                                   MERRILL LYNCH, PIERCE, FENNER & SMITH
                                   INCORPORATED,

                                         by

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

                                   METROPOLITAN LIFE INSURANCE COMPANY,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   MONUMENT CAPITAL LTD.,
                                   By: Alliance Capital Management L.P., as
                                   Investment Manager,
                                   By: Alliance Capital Management Corporation,
                                   as General Partner,

                                         by

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

                                   MOUNTAIN CAPITAL CLO I, LTD.,

                                         by

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

                                   NEW YORK LIFE INSURANCE COMPANY,

                                         by

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

                                   NORTH AMERICAN SENIOR FLOATING RATE FUND
                                   By: CypressTree Investment Management
                                   Company, Inc. as Portfolio Manager,

                                         by

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

                                   NORTHWOODS CAPITAL, LIMITED,
                                   By: Angelo, Gordon & Co., L.P., as
                                   Collateral Manager,

                                         by

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

<PAGE>

                                   NUVEEN FLOATING RATE FUND,
                                   By: Nuveen Senior Loan Asset Management Inc.,

                                         by
                                            /s/ Lisa M. Mincheski
                                            ------------------------------
                                            Name:  Lisa M. Mincheski
                                            Title:  Managing Director

                                   NUVEEN SENIOR INCOME FUND,
                                   By: Nuveen Senior Loan Asset Management Inc.,

                                         by
                                            /s/ Lisa M. Mincheski
                                            ------------------------------
                                            Name:  Lisa M. Mincheski
                                            Title:  Managing Director

                                   OAK HILL SECURITIES FUND, L.P.,
                                   By: Oak Hill Securities GenPar, L.P., its
                                   General Partner
                                   By: Oak Hill Securities MGP, Inc.
                                   its General Partner,

                                         by
                                            /s/ Scott D. Krase
                                            ------------------------------
                                            Name:  Scott D. Krase
                                            Title:  Vice President

                                   OAK HILL SECURITIES FUND II, L.P.,
                                   By: Oak Hill Securities GenPar II, L.P.,
                                   its General Partner
                                   By: Oak Hill Securities MGP II, Inc.
                                   its General Partner

                                         by
                                            /s/ Scott D. Krase
                                            ------------------------------
                                            Name:  Scott D. Krase
                                            Title:  Vice President

                                   OCTAGON INVESTMENT PARTNERS II, LLC,
                                   By: Octagon Credit Investors, LLC
                                   as sub-investment manager,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   OCTAGON INVESTMENT PARTNERS III, LTD.,
                                   By: Octagon Credit Investors, LLC
                                   as Portfolio Manager

                                         by

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

                                   OLYMPIC FUNDING TRUST, SERIES 1999-1,

                                         by

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

                                   OPPENHEIMER SENIOR FLOATING RATE FUND,

                                         by

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

                                   OSPREY INVESTMENTS PORTFOLIO,
                                   By: Citibank, N.A., as advisor,

                                         by

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

                                   OXFORD STRATEGIC INCOME FUND,
                                   By: Eaton Vance Management, as Investment
                                   Advisor,

                                         by

                                            ------------------------------
                                            Name:
                                            Title:
<PAGE>

                                   PIMCO MODERATE DURATION FUND,
                                   By: Pacific Investment Management Company
                                   LLC, as its Investment Advisor, acting
                                   through Investors Fiduciary Trust Company
                                   in the Nominee Name of IFTCO.,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                   PINEHURST TRADING, INC.,

                                         by
                                            /s/ Ashley R. Hamilton
                                            -----------------------
                                            Name:  Ashley R. Hamilton
                                            Title: Assistant Vice President

                                   PRINCIPAL LIFE INSURANCE COMPANY
                                   By: Principal Capital Management, LLC, a
                                   Delaware limited liability company, its
                                   authorized signatory,

                                         by
                                            /s/ Jon C. Heny
                                            -----------------------
                                            Name:  Jon C. Heny
                                            Title: Counsel

                                         by
                                            /s/ Sara R. Netolicky
                                            -----------------------
                                            Name:  Sara R. Netolicky
                                            Title: Counsel

                                   Solely in its capacity as Trustee for the
                                   REGENTS OF THE UNIVERSITY OF MICHIGAN
                                   (as directed by Pacific Investment
                                   Management Company LLC), and not in its
                                   individual capacity, acting through Mellon
                                   Bank in the Nominee Name of BOST & CO,

                                         by
                                            -----------------------
                                            Name:
                                            Title:
<PAGE>

                                   ROYALTON COMPANY,
                                   By: Pacific Investment Mangement
                                   Company LLC, as its investment advisor,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                   SEQUILS-PILGRIM I, LTD.,
                                   By: Pilgrim Investments, Inc. as its
                                   investment manager,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                   SEQUILS-ING I (HBDGM), LTD.,
                                   By: ING Capital Advisors LLC, as Collateral
                                   Manager and Authorized Signatory,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                   SENIOR DEBT PORTFOLIO
                                   By: Boston Management and Research, as
                                   Investment Advisor,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                   SIAM COMMERCIAL BANK PCL, NEW YORK AGENCY,

                                         by
                                            -----------------------
                                            Name:
                                            Title:

                                         by
                                            -----------------------
                                            Name:
                                            Title:

<PAGE>

                                   SIMSBURY CLO, LIMITED,
                                   By: Massachusetts Mutual Life Insurance
                                   Company, as Collateral Manager,

                                         by
                                            /s/ Steven J. Katz
                                            -------------------
                                            Name:  Steven J. Katz
                                            Title: Second Vice President and
                                                   Associate General Counsel

                                   STEIN ROE ADVISOR FLOATING RATE ADVANTAGE
                                   FUND,
                                   By: Stein Roe & Farnham Incorporated, as
                                   Advisor,

                                         by
                                            /s/ James R. Fellows
                                            ---------------------
                                            Name:  James R. Fellows
                                            Title: Sr. Vice President &
                                                   Portfolio Manager

                                   STEIN ROE FLOATING RATE LIMITED LIABILITY
                                   COMPANY,

                                         by
                                            /s/ James R. Fellows
                                            ---------------------
                                            Name:  James R. Fellows
                                            Title: Sr. Vice President

                                   STRATEGIC MANAGED LOAN PORTFOLIO,
                                   By: Citibank, N.A., as Manager,

                                         by
                                            ---------------------
                                            Name:
                                            Title:

                                   TEXTRON FINANCIAL CORPORATION,

                                         by
                                            /s/ Stuart Schulman
                                            --------------------
                                            Name:  Stuart Schulman
                                            Title: Managing Director
<PAGE>

                                   THE TRAVELERS INSURANCE COMPANY,

                                         by
                                            /s/ A. William Carnduff
                                            ------------------------
                                            Name:  A. William Carnduff
                                            Title:   Second Vice President

                                   TRAVELERS CORPORATE LOAN FUND INC.
                                   By: Travelers Asset Management International
                                   Corporation,

                                         by
                                            /s/ A. William Carnduff
                                            ------------------------
                                            Name:  A. William Carnduff
                                            Title:   Second Vice President

                                   TRITON CDO IV, LIMITED,
                                   By: Invesco Senior Secured Management, Inc.,
                                   as Investment Advisor,

                                         by
                                            /s/ Gregory Stoeckle
                                            ---------------------
                                            Name:  Gregory Stoeckle
                                            Title:  Authorized Signature

                                   UMB BANK, N.A.,

                                         by
                                            /s/ Terry Dierks
                                            -----------------
                                            Name:  Terry Dierks
                                            Title:  Senior Vice President

                                   VAN KAMPEN CLO I, LIMITED,
                                   By: Van Kampen Management Inc., as
                                   Collateral Manager,

                                         by
                                            /s/ Darvin D. Pierce
                                            ---------------------
                                            Name:  Darvin D. Pierce
                                            Title:  Vice President

                                   VAN KAMPEN CLO II, LIMITED,
                                   By: Van Kampen Management Inc., as
                                   Collateral Manager,

                                         by
                                            /s/ Darvin D. Pierce
                                            ---------------------
                                            Name:  Darvin D. Pierce
                                            Title:  Vice President
<PAGE>

                                   VAN KAMPEN SENIOR INCOME TRUST,
                                   By: Van Kampen Investment Advisory Corp.,

                                         by
                                            /s/ Darvin D. Pierce
                                            ---------------------
                                            Name:  Darvin D. Pierce
                                            Title:  Vice President

                                   WINGED FOOT FUNDING TRUST,

                                            /s/ Ashley R. Hamilton
                                            -----------------------
                                            Name:  Ashley R. Hamilton
                                            Title:  Authorized Agent
<PAGE>

Acknowledged:

KANSAS CITY SOUTHERN INDUSTRIES, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: Executive Vice President

CAYMEX TRANSPORTATION, INC.,

by
   /s/ J.M. Nadlman
   -------------------------------
   Name:  Jay M. Nadlman
   Title: Vice President

GATEWAY EASTERN RAILWAY COMPANY,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

GATEWAY WESTERN RAILWAY COMPANY,

by
   /s/ Gerald K. Davies
   -------------------------------
   Name:  Gerald K. Davies
   Title: President

GLOBAL TERMINALING SERVICES, INC.

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

KCS TRANSPORTATION COMPANY,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President
<PAGE>

KANSAS CITY SOUTHERN LINES, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

SCC HOLDINGS, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

MID-SOUTH MICROWAVE, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

RICE-CARDEN CORPORATION,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

SOUTHERN DEVELOPMENT COMPANY,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

SOUTHERN INDUSTRIAL SERVICES, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President
<PAGE>

TRANS-SERVE, INC.,

by
   /s/ A.W. Rees
   -------------------------------
   Name:  Albert W. Rees
   Title: President

VEALS, INC.,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President

THE KANSAS CITY NORTHERN RAILWAY,

by
   /s/ M. R. Haverty
   -------------------------------
   Name:  Michael R. Haverty
   Title: President
<PAGE>

                                                            Schedule 3.12 to the
                                                                Credit Agreement

                                 SUBSIDIARIES
                                 ------------

<TABLE>
<CAPTION>
                                                     Percentage of   State or other Jurisdiction of
            Transportation Subsidiaries                Ownership     Incorporation or Organization
            ---------------------------              -------------   ------------------------------
<S>                                                  <C>             <C>
Canama Transportation, Inc. (1)                           100                Cayman Islands

Caymex Transportation, Inc. (2)*(Z)                       100               Cayman Islands,
                                                                        domesticated in Delaware

Gateway Eastern Railway Company (3)*(Z)                   100                   Illinois

Gateway Western Railway Company (4)*(Z)                   100                   Illinois

Global Terminaling Services, Inc. (5)*                    100                   Delaware

Kansas City Southern Lines, Inc. (6)*(Z)                  100                   Delaware

KCS Transportation Company (2)*                           100                   Delaware

Mid-South Microwave, Inc. (2)*                            100                   Delaware

NAFTA Rail, S.A. de C.V. (1)                              100                    Mexico

SCC Holdings, Inc. (2)*                                   100                   Delaware

North American Freight Transportation                     100                   Delaware
Alliance Rail Corporation (7)

Port Arthur Bulk Marine Terminal Co. (8)                   80                 Partnership

Rice-Carden Corporation (2)*                              100                   Missouri

Southern Development Company (2)*                         100                   Missouri
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                    Percentage of       State or other Jurisdiction of
        Transportation Subsidiaries                   Ownership          Incorporation or Organization
        ---------------------------                 -------------       ------------------------------
<S>                                                <C>                 <C>

Southern Industrial Services, Inc. (7)*                 100                         Delaware
The Kansas City Northern Railway Company (2)*           100                         Delaware
The Kansas City Southern Railway Company (7)*(Z)        100                         Missouri
Trans-Serve, Inc. (5)*                                  100                         Delaware
TransFin Insurance, Ltd. (7)                            100                          Vermont
Veals, Inc. (7)*                                        100                         Delaware
Wyandotte Garage Corporation (7)                         80                         Missouri

          Financial Asset                           Percentage of       State or Other Jurisdiction of
       Management Subsidiaries                        Ownership          Incorporation or Organization
       -----------------------                      -------------       ------------------------------
<S>                                                <C>                 <C>
Berger LLC (9)                                           80                         Delaware
Berger Distributors, Inc. (10)                          100                         Delaware
DST Systems, Inc. (9)                                    32                         Delaware
Stilwell Financial, Inc. (6)                            100                         Delaware
FAM UK Limited (11)                                     100                      United Kingdom
Stilwell Management, Inc. (11)                          100                         Delaware
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
             Financial Asset                        Percentage of       State or Other Jurisdiction of
         Management Subsidiaries                      Ownership          Incorporation or Organization
         -----------------------                      ---------          -----------------------------
<S>                                                 <C>                <C>
Fillmore Agency, Inc. (11)                              100                         Colorado
Fountain Investments, Inc. (11)                         100                         Missouri
Fountain Investments UK (11)                            100                      United Kingdom
Janus Capital Corporation (11)                           82                         Colorado
Janus Capital International Ltd. (12)                   100                         Colorado
Janus Distributors, Inc. (12)                           100                         Colorado
Janus Service Corp. (12)                                100                         Colorado
Joseph Nelson Limited (13)                              100                      United Kingdom
Nelson Investment Planning Limited (13)                 100                      United Kingdom
Nelson Investment Management Limited (13)               100                      United Kingdom
Nelson Money Managers plc (15)                           80                      United Kingdom
PVI, Inc. (11)                                          100                         Delaware
Taproot Limited (13)                                    100                      United Kingdom
</TABLE>

(1)  Subsidiary of Caymex Transportation, Inc.
(2)  Subsidiary of The Kansas City Southern Railway Company
(3)  Subsidiary of Gateway Western Railway Company
(4)  Subsidiary of KCS Transportation Company
(5)  Subsidiary of Southern Industrial Services, Inc.
(6)  Subsidiary of Kansas City Southern Industries, Inc.
(7)  Subsidiary of Kansas City Southern Lines, Inc.
<PAGE>

(8)   Subsidiary of Rice-Carden Corporation
(9)   Subsidiary of Stilwell Management, Inc.
(10)  Subsidiary of Berger LLC
(11)  Subsidiary of Stilwell Financial, Inc.
(12)  Subsidiary of Janus Capital Corporation
(13)  Subsidiary of Nelson Money Managers plc
(14)  Subsidiary of Joseph Nelson Limited
(15)  Subsidiary of FAM UK Limited

*     Indicates those parties which are Loan Parties.
(Z)   Indicates those Subsidiaries which are Significant Subsidiaries other than
      Stilwell and its subsidiaries.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]