Document:

<PAGE>

                                 AMENDMENT NO. 3
                                       TO
                                CREDIT AGREEMENT

         THIS AMENDMENT NO. 3 TO CREDIT AGREEMENT (this "AMENDMENT") is dated as
of May 23, 2003, by and among METAL MANAGEMENT, INC., a Delaware corporation
("MTLM") and each of the corporations and other entities signatories hereto as
borrowers (MTLM and each of such corporations and other entities sometimes
hereinafter are referred to individually as a "BORROWER" and collectively as the
"BORROWERS"); MTLM, acting in its capacity as funds administrator for itself and
the other Borrowers (in such capacity, the "FUNDS ADMINISTRATOR"); DEUTSCHE BANK
TRUST COMPANY AMERICAS, a New York banking corporation, f/k/a Bankers Trust
Company, acting in its capacity as agent (in such capacity, hereinafter referred
to as the "AGENT") for itself and the other financial institutions from time to
time parties to the Credit Agreement referred to herein below as lenders
thereunder (such financial institutions hereinafter are referred to individually
as a "LENDER" and collectively as the "LENDERS"); and the Lenders signatories
hereto. Capitalized terms used herein but not otherwise defined herein shall
have the respective meanings assigned to such terms in the Credit Agreement.

                                   WITNESSETH:

         WHEREAS, the Borrowers, the Funds Administrator, the Agent and the
Lenders have entered into that certain Credit Agreement dated as of June 29,
2001, as amended by that certain letter agreement dated as of November 26, 2002
and that certain Amendment No. 2 dated as of February 13, 2003 (as so amended,
the "CREDIT AGREEMENT"), pursuant to which the Lenders have agreed to make
certain loans and other financial accommodations to or for the account of the
Borrowers; and

         WHEREAS, the Borrower, the Funds Administrator, the Agent and the
Lenders have agreed to further amend the Credit Agreement on the terms and
subject to the conditions hereinafter set forth;

         NOW, THEREFORE, in consideration of the premises set forth above, the
terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
respective parties hereto hereby agree as follows:

         1. AMENDMENT TO CREDIT AGREEMENT. Effective as of the date hereof, upon
satisfaction of the conditions precedent set forth in SECTION 2 below, and in
reliance upon the representations and warranties of the Funds Administrator and
the Borrowers set forth herein and in the Credit Agreement, as amended hereby,
the Credit Agreement is hereby amended as follows:

         1.1 SECTION 1.1 of the Credit Agreement is hereby amended by deleting
the definition of the term "Expiration Date" set forth therein in its entirety
and substituting therefor the following language:

<PAGE>

                  EXPIRATION DATE means the earlier to occur of (i) June 7,
         2004, and (ii) the date on which this Credit Agreement is terminated
         pursuant to SECTION 9.2(b).

         2. CONDITIONS PRECEDENT. This Amendment shall become effective as of
the date hereof, upon satisfaction in full of each of the following conditions
precedent:

                  (a) receipt by the Agent of a copy of this Amendment, duly
         executed and delivered by each of the Lenders, each of the Borrowers
         and the Funds Administrator; and

                  (b) receipt by the Agent in immediately available Dollars for
         the account of each Lender of an amount equal to one-quarter of one
         percent (0.25%) of such Lender's Commitment.

         3. REPRESENTATIONS AND WARRANTIES.

                  3.1 Each of the Borrowers and the Funds Administrator hereby
         represents and warrants to the Agent and each of the Lenders that,
         before and after giving effect to this Amendment:

                  (a) all representations and warranties contained in the Credit
         Agreement and the other Credit Documents are true and correct in all
         material respects on and as of the date of this Amendment, in each case
         as if then made, other than representations and warranties that
         expressly relate solely to an earlier date (in which case such
         representations and warranties remain true and correct in all material
         respects on and as of such earlier date);

                  (b) no Default or Event of Default has occurred which is
         continuing;

                  (c) this Amendment, and the Credit Agreement, as amended
         hereby, constitute legal, valid and binding obligations of the
         Borrowers and the Funds Administrator, respectively, and are
         enforceable against each of the Borrowers and the Funds Administrator
         in accordance with their respective terms; and

                  (d) the execution and delivery by the Borrowers and the Funds
         Administrator of this Amendment (i) do not and will not contravene,
         conflict with, violate or constitute a default under the certificate or
         articles of incorporation or bylaws of any Credit Party, or any
         applicable law, rule, regulation, judgment, decree or order or any
         agreement, indenture or instrument to which any Credit Party is a party
         or is bound or which is binding upon or applicable to all or any
         portion of any Credit Party's property, and (II) do not require the
         consent or approval of any Person, except for any such consents or
         approvals which have been obtained and remain in full force and effect.

         4. REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT AND THE OTHER CREDIT
DOCUMENTS.

                                      -2-

<PAGE>

         4.1 Upon the effectiveness of this Amendment, each reference in the
Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words
of like import, and each reference in each of the other Credit Documents to the
"Credit Agreement" shall in each case mean and be a reference to the Credit
Agreement as amended hereby.

         4.2 Except as expressly set forth herein, (a) the execution and
delivery of this Amendment shall in no way affect any of the respective rights,
powers or remedies of the Agent or any of the Lenders with respect to any
Default or Event of Default nor constitute a waiver of any provision of the
Credit Agreement or any of the other Credit Documents and (b) all of the
respective terms and provisions of the Credit Agreement, the other Credit
Documents and all other documents, instruments, amendments and agreements
executed and/or delivered by any of the Borrowers and/or the Funds Administrator
pursuant thereto or in connection therewith shall remain in full force and
effect and are hereby ratified and confirmed in all respects. The execution and
delivery of this Amendment by Agent and the respective Lenders shall in no way
obligate the Agent or any of the Lenders, at any time hereafter, to consent to
any other amendment or modification of any term or provision of the Credit
Agreement or any of the other Credit Documents, whether of a similar or
different nature.

         4.3 Each Borrower (and each other Credit Party, if any, which executed
an acknowledgement hereof, by such execution), in its respective capacities
under each of the Credit Documents to which it is a party (including the
capacities of obligor, grantor, mortgagor, pledgor, guarantor, indemnitor and
assignor, as applicable, and each other similar capacity, if any, in which such
Credit Party has granted Liens on all or any part of the properties or assets of
such Credit Party, or otherwise acts as an accommodation party, guarantor,
indemnitor or surety with respect to all or any part of the Obligations), hereby
(a) except as otherwise expressly set forth herein, agrees that the terms and
provisions hereof shall not affect in any way any payment, performance,
observance or other obligations or liabilities of such Credit Party under the
Credit Agreement or any of the other Credit Documents, all of which obligations
and liabilities shall remain in full force and effect and extend to the further
loans, extensions of credit and other Obligations provided for thereunder, and
each of which obligations and liabilities are hereby ratified, confirmed and
reaffirmed in all respects; (b) to the extent such Credit Party has granted
Liens on any of its properties or assets pursuant to any of the Credit Documents
to secure the prompt and complete payment, performance and/or observance of all
or any part of the Obligations, acknowledges, ratifies, confirms and reaffirms
such grant of Liens, and acknowledges and agrees that all of such Liens are
intended and shall be deemed and construed to secure to the fullest extent set
forth therein all now existing and hereafter arising Obligations under and as
defined in this Credit Agreement, as amended, restated, supplemented and
otherwise modified and in effect from time to time; and (c) acknowledges and
agrees that, as of the date hereof, Agent and each of the Lenders has fully
performed all obligations to the respective Credit Parties.

         5. GOVERNING LAW. THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS
AMENDMENT SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, BE
GOVERNED BY,

                                      -3-
<PAGE>

AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE STATE
OF NEW YORK.

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

         7. COUNTERPARTS. This Amendment may be executed or otherwise
authenticated in any number of counterparts and by the different parties hereto
in separate counterparts, each of which when so executed or otherwise
authenticated and delivered shall be an original, but all of which shall
together constitute one and the same instrument. Any such counterpart which may
be delivered by facsimile, email or similar electronic transmission shall be
deemed the equivalent of an originally signed counterpart and shall be fully
admissible in any enforcement proceedings regarding this Amendment.

                  [Remainder of Page Intentionally Left Blank;
                             Signature Pages Follow]

                                      -4-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their proper and duly authorized officers as of
the date first set forth above.

                                METAL MANAGEMENT, INC.,
                                in its respective capacities as Funds
                                Administrator and a Borrower

                                By:       /s/ Robert C. Larry
                                   -------------------------------------------
                                Name:     Robert C. Larry
                                     -----------------------------------------
                                Title:    Chief Financial Officer
                                      ----------------------------------------

<PAGE>

                            ADDITIONAL BORROWERS:

                            CIM TRUCKING, INC.
                            FIRMA, INC.
                            FIRMA PLASTIC CO., INC.
                            MAC LEOD METALS CO.
                            MTLM ARIZONA, INC.
                            METAL MANAGEMENT AEROSPACE, INC.
                            METAL MANAGEMENT ALABAMA, INC.
                            METAL MANAGEMENT ARIZONA, L.L.C.
                            METAL MANAGEMENT CONNECTICUT, INC.
                            METAL MANAGEMENT INDIANA, INC.
                            METAL MANAGEMENT GULF COAST, INC.
                            METAL MANAGEMENT MEMPHIS, L.L.C.
                            METAL MANAGEMENT MIDWEST, INC.
                            METAL MANAGEMENT MISSISSIPPI, L.L.C.
                            METAL MANAGEMENT NORTHEAST, INC.
                            METAL MANAGEMENT OHIO, INC.
                            METAL MANAGEMENT PITTSBURGH, INC.
                            METAL MANAGEMENT REALTY, INC.
                            METAL MANAGEMENT SERVICES, INC.
                            METAL MANAGEMENT STAINLESS & ALLOY, INC.
                            METAL MANAGEMENT WEST, INC.
                            METAL MANAGEMENT WEST COAST HOLDINGS, INC.
                            METAL MANAGEMENT S&A HOLDINGS, INC.
                            METALS.COM, INC.
                            PROLER SOUTHWEST INC.
                            TROJAN TRADING CO.

                            By:      /s/ Robert C. Larry
                                ----------------------------------------------
                            Name:       Robert C. Larry
                                  --------------------------------------------
                            Title:      Vice President
                                   -------------------------------------------

<PAGE>

                                          RESERVE IRON & METAL LIMITED
                                          PARTNERSHIP

                                          By:     METAL MANAGEMENT OHIO, INC.,
                                                     its general partner

                                          By:    /s/ Robert C. Larry
                                                -------------------------------
                                          Name:      Robert C. Larry
                                                 ------------------------------
                                          Title:     Vice President
                                                  -----------------------------

<PAGE>

                                          AGENT AND LENDER:

                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                          in its respective capacities as
                                          Agent and a Lender

                                          By:      /s/ Albert Fischetti
                                              ---------------------------------
                                          Name:        Albert Fischetti
                                                -------------------------------
                                          Title:      Director
                                                 ------------------------------

<PAGE>

                                          LENDER:

                                          CONGRESS FINANCIAL CORPORATION
                                          (CENTRAL)

                                          By:      /s/ Gerald Wordell
                                              ---------------------------------
                                          Name:      Gerald Wordell
                                                 ------------------------------
                                          Title:   Vice President
                                                 ------------------------------

<PAGE>

                                          LENDER:

                                          FLEET CAPITAL CORPORATION

                                          By:      /s/ Robert Lund
                                                -------------------------------
                                          Name:        Robert Lund
                                                -------------------------------
                                          Title:       Senior Vice President
                                                  -----------------------------

<PAGE>

                                          LENDER:

                                          HELLER FINANCIAL, INC.

                                          By:      /s/ W. Jerome McDermott
                                              ---------------------------------
                                          Name:        W. Jerome McDermott
                                                -------------------------------
                                          Title:
                                                 ------------------------------

<PAGE>

                                          LENDER:

                                          LASALLE BANK NATIONAL ASSOCIATION

                                          By:      /s/ John Mostofi
                                                -------------------------------
                                          Name:        John Mostofi
                                                 ------------------------------
                                          Title:       Senior Vice President
                                                 ------------------------------

<PAGE>

                                            LENDER:

                                            PNC BUSINESS CREDIT CORPORATION

                                            By:      /s/ Lee LaBine
                                                -------------------------------
                                            Name:        Lee LaBine
                                                 ------------------------------
                                            Title:       Vice President
                                                  -----------------------------

<PAGE>

                                          LENDER:

                                          WHITEHALL BUSINESS CREDIT CORPORATION

                                          By:      /s/ Carl Giordano
                                               --------------------------------
                                          Name:        Carl Giordano
                                                -------------------------------
                                          Title:       Assistant Vice President
                                                 ------------------------------

<PAGE>

                                         LENDER:

                                         U.S. BANK NATIONAL ASSOCIATION

                                         By:      /s/ Lisa M. Riley
                                              ---------------------------------
                                         Name:        Lisa M. Riley
                                               --------------------------------
                                         Title:       Vice President
                                                -------------------------------<PAGE>

                                                                     Exhibit 4.1

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
SECURITIES IN DEFINITIVE FORM, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY
OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

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

REGISTERED                                                      PRINCIPAL AMOUNT
No. R-                                                          $
CUSIP No. 224044 BF 3

                            COX COMMUNICATIONS, INC.

                             4.625% Notes due 2013

                  COX COMMUNICATIONS, INC., a Delaware corporation (hereinafter
called the "Company," which term includes any successor corporation under the
Indenture referred to below), for value received, hereby promises to pay to Cede
& Co., or registered assigns, the principal sum of [  ] ($[  ]) on June 1, 2013
(the "Maturity Date"), unless previously redeemed, and to pay interest thereon
from May 27, 2003 or from the most recent interest payment date to which
interest has been paid or duly provided for, payable semiannually on June 1 and
December 1 in each year (each, an "Interest Payment Date"), commencing December
1, 2003, at the rate of 4.625% per annum, until the principal hereof is

                                        2

<PAGE>

paid or duly made availably for payment. Interest shall be computed on the basis
of a 360-day year of twelve 30-day months. The interest so payable and
punctually paid or duly provided for on any Interest Payment date will, as
provided in the Indenture, be paid to the Person in whose name this Note (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, immediately preceding such
Interest Payment Date. Any such interest which is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date shall forthwith cease to
be payable to the registered Holder hereof on the relevant regular record date
by virtue of having been such Holder, and may be paid to the Person in whose
name this Note (or one or more predecessor securities) is registered at the
close of business on a subsequent special record date (which shall be not more
than 15 days and not less than 10 days before the payment date) for the payment
of such defaulted interest to be fixed by the Trustee, notice whereof shall be
given to the Holders of Notes 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 Notes
may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in such Indenture. If any Interest Payment Date or the
Maturity Date falls on a day that is not a Business Day, the required payment
shall be made on the next Business Day as if it were made 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 the Maturity Date, as the
case may be, to such next Business Day. Payments of principal, premium, if any,
and interest hereunder shall be made in such coin or currency of the United
States of America as at the time of payment shall be legal tender for the
payment of public and private debts and shall be made immediately available to
the Holder (as defined below) hereof.

                  This Note is one of the duly authorized series of Securities
of the Company, designated as the Company's "4.625% Notes due 2013" (the
"Notes"), initially limited to an aggregate principal amount of $600,000,000,
all issued or to be issued under and pursuant to an Indenture dated as of June
27, 1995, as amended, modified or supplemented from time to time (as so amended,
modified or supplemented, the "Indenture"), duly executed and delivered by the
Company to The Bank of New York, as trustee (hereinafter referred to as the
"Trustee"), to which Indenture and all indentures supplemental thereto reference
is hereby made for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Trustee, the Company and
the Holders (the words "Holders" or "Holder" meaning the registered holders or
registered holder of the Notes).

                  This Note will be redeemable at the option of the Company, in
whole at any time or in part from time to time, at a redemption price equal to
the greater of (i) 100% of the principal amount of this Note to be redeemed and
(ii) the sum, as determined by the Quotation Agent (as defined below), of the
present values of the principal amount of this Note to be redeemed and the
remaining scheduled payments of interest on the principal amount of this Note to
be redeemed (exclusive of interest accrued to the date of redemption) from the
redemption date to May 15, 2013 (the "Remaining Life"), in each case discounted
from their respective scheduled payment dates to the redemption date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
the Treasury Rate (as defined below) plus 25 basis points, plus in either case,
accrued interest thereon to the date of redemption.

                                        2

<PAGE>

                  "Comparable Treasury Issue" means, with respect to the Notes
subject to redemption, the United States Treasury security selected by the
Quotation Agent as having an actual or interpolated maturity comparable to the
Remaining Life that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity with the Remaining Life.

                  "Comparable Treasury Price" means, with respect to any
redemption date, the average of five Reference Treasury Dealer Quotations for
such redemption date, after excluding the highest and lowest of such Reference
Treasury Dealer Quotations, or, if the Trustee obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations.

                  "Quotation Agent" means the Reference Treasury Dealer
appointed by the Company.

                  "Reference Treasury Dealer" means, with respect to the Notes
subject to redemption, Citigroup Global Markets Inc. and Merrill Lynch
Government Securities Inc., their respective successors, and three other primary
United States Government securities dealers in The City of New York (each, a
"Primary Treasury Dealer") selected by the Company. If Citigroup Global Markets
Inc. or Merrill Lynch Government Securities Inc. shall cease to be a Primary
Treasury Dealer, the Company will substitute another Primary Treasury Dealer.

                  "Reference Treasury Dealer Quotations" means, with respect to
each Reference Treasury Dealer and any redemption date, the average, as
determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue, expressed in each case as a percentage of its principal amount,
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m.,
New York City time, on the third Business Day preceding such redemption date.

                  "Treasury Rate" means, with respect to any redemption date
applicable to the Notes, the rate per annum equal to the semiannual yield to
maturity or interpolated (on a day-count basis) of the Comparable Treasury
Issue, calculated on the third Business Day preceding such redemption date using
a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such redemption
date.

                  Notice of any redemption will be mailed at least 30 days but
not more than 60 days before the redemption date to the Holder hereof at its
registered address. Unless the Company defaults in payment of the redemption
price, on and after the redemption date interest will cease to accrue on the
principal amount of this Note called for redemption.

                  If money sufficient to pay the redemption price with respect
to and accrued interest on the principal amount of this Note to be redeemed on
the redemption date is deposited with the Trustee or Paying Agent on or before
the redemption date and certain other conditions are satisfied, then on or after
such date, interest will cease to accrue on the principal amount of this Note
called for redemption.

                  Except as provided above, this Note is not redeemable by the
Company prior to maturity and is not subject to any sinking fund.

                                        3

<PAGE>

                  In case an Event of Default shall occur and be continuing, the
principal hereof may be declared, and upon such declaration shall become, due
and payable, in the manner, with the effect and subject to the conditions
provided in the Indenture.

                  Subject to certain exceptions set forth in the Indenture, (i)
the Indenture may be amended with respect to the Notes with the consent of the
Holders of at least a majority in principal amount outstanding of the Notes and
(ii) any default or noncompliance with any provisions applicable to the Notes
may be waived with the consent of the Holders of a majority in principal amount
outstanding of the Notes. Subject to certain exceptions set forth in the
Indenture, without the consent of any Holder, the Company and the Trustee may
amend the Indenture or the Notes to cure any ambiguity, defect or inconsistency,
or to provide for the assumption by a successor corporation of the obligations
of the Company under the Indenture, or to provide for uncertificated Notes in
addition to or in place of certificated Notes, or to add additional covenants or
surrender any right or power conferred on the Company, or to establish the form
or terms of the Notes of any series, or to appoint a successor Trustee or
provide for administration of the trust by more than one Trustee, or to add to,
delete from or revise the conditions, limitations, and restrictions on the
authorized amount, terms or purposes of issue, authentication and delivery of
the Notes or to add any additional event of default, or to modify the provisions
of the Indenture as shall be necessary to facilitate the defeasance and
discharge of the Notes as shall not adversely affect any Holders, or to secure
the Notes, or to make provisions respect to conversion or exchange rights of
Holders, or to make any change that does not adversely affect the rights of any
Holder.

                  Subject to certain conditions, the Company at any time may
terminate some or all of its obligations under the Notes and the Indenture if
the Company deposits with the Trustee money or Government Obligations for the
payment of principal, premium, if any, and interest on the Notes to the Maturity
Date.

                  If money for the payment of principal or interest remains
unclaimed for two years, the Trustee or Paying Agent shall pay the money back to
the Company at its request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and premium, if
any, and interest on this Note at the place, at the respective times, at the
rate, and in the coin or currency herein prescribed.

                  No director, officer, employee or stockholder, as such, of the
Company shall have any liability for any obligations of the Company under this
Note or the Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. Each Holder, by accepting this Note, waives
and releases all such liability. The waiver and release are part of the
consideration for the issue of this Note.

                  This Note and the Indenture shall be governed by and construed
in accordance with the law of the State of New York applicable to agreements
made or instruments entered into and, in each case, performed in said state.

                                        4

<PAGE>

                  Ownership of this Note shall be proved by the register for the
Notes kept by the Registrar. The Company, the Trustee and any agent of the
Company may treat the person in whose name a Note is registered as the absolute
owner thereof for all purposes.

                  Pursuant to a recommendation promulgated by the Committee on
Uniform Note Identification Procedures, the Company has caused a CUSIP number to
be printed on this Note and has directed the Trustee to use the CUSIP number as
a convenience to Holders. No representation is made as to the correctness of
such numbers and reliance may be placed only on the other identification numbers
printed on this Note.

                  Terms used herein without definition that are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

                  Unless the Certificate of Authentication hereon has been
executed by the Trustee under the Indenture referred to herein by the manual
signature of one of its authorized officers, or on behalf of the Trustee by the
manual signature of an authorized officer of the Trustee's authenticating agent,
this Note shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

                  [Remainder of Page Intentionally Left Blank]

                                       5

<PAGE>

                  IN WITNESS WHEREOF, the Company has caused this instrument to
be duly executed, manually or by facsimile.

                  Date:  May 27, 2003

                                                COX COMMUNICATIONS, INC.

                                                By: ____________________________
                                                Name:  Susan W. Coker
                                                Title: Treasurer

                                                By: ____________________________
                                                Name:  Jimmy W. Hayes
                                                Title: Executive Vice President,
                                                       Finance and  Chief
                                                       Financial Officer

                          CERTIFICATE OF AUTHENTICATION

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

THE BANK OF NEW YORK,
  as Trustee,

By: ___________________________________
            Authorized Signatory

Dated: May 27, 2003

                                       6

<PAGE>

                                 ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned hereby sell(s) assign(s) and transfer(s)
unto
____________________________________________________________________________

Please insert social security number or other identifying number of assignee:

___________________________________

Please print or type name and address (including zip code) of assignee:

___________________________________
___________________________________
___________________________________
___________________________________

the within Note and all rights thereunder, hereby irrevocably constituting and
appointing ________________ attorney to transfer said Note of Cox
Communications, Inc. on the books of Cox Communications, Inc. with full power of
substitution in the premises.

___________________________________

Dated: _____________________________

         NOTICE: The signature to this assignment must correspond with the name
as written upon the face of this Note in every particular without alteration or
enlargement or any change whatsoever. The Signature must be guaranteed by an
"eligible guarantor institution meeting the requirements of the Registrar, which
requirements include memberships or participation in the Security Transfer Agent
Medallion Program ("STAMP") or such other "signature guarantee program" as may
be determined by the Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934.

                                       7

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