Document:

EXHIBIT 10.44

                             PAYING AGENT AGREEMENT

         PAYING AGENT  AGREEMENT made as of the 7th day of July,  2000,  between
THE BANK OF NEW YORK, a New York banking  corporation  maintaining its principal
corporate  trust  office at 101 Barclay  Street,  New York,  New York 10286 (the
"Paying  Agent"),  and QWEST  CAPITAL  FUNDING,  INC.,  a  Colorado  corporation
maintaining its principal place of business at 1801 California  Street,  Denver,
Colorado 80202 (the "Issuer").

                               W I T N E S S E T H

         WHEREAS,  the Issuer has authorized and proposes to issue  $300,000,000
aggregate  principal  amount  of  Floating  Rate  Notes  due July 8,  2002  (the
"Notes"),   guaranteed  as  to  payment  of  principal  and  interest  by  Qwest
Communications International Inc. (the "Guarantor");

         WHEREAS,  the Notes will be issued pursuant to an Indenture dated as of
June 29, 1998 as supplemented by the [First Supplemental Indenture], dated as of
June 30, 2000 (as so supplemented the "Indenture"),  each among the Issuer,  the
Guarantor (as successor to U S WEST, Inc.) and Bank One Trust Company,  National
Association, as trustee (the "Trustee");

         WHEREAS, the Issuer desires to appoint the Paying Agent as paying agent
with respect to such Notes; and

         WHEREAS,  the  Paying  Agent  agrees  to act as such  paying  agent  in
accordance with, and subject to the terms and provisions of, this Agreement, the
Indenture,  the  Notes  and the  Offering  Memorandum,  dated  July 3, 2000 (the
"Offering Memorandum");

         NOW,  THEREFORE,  in consideration  of the mutual promises  hereinafter
contained, the Paying Agent and the Issuer hereby covenant and agree as follows:

<PAGE>

                                    ARTICLE I
                                   APPOINTMENT

     1. The Issuer  hereby  appoints  the Paying  Agent as its paying agent with
respect to the Notes to perform the duties hereinafter set forth.

     2. The Paying Agent hereby accepts such appointment in accordance with, and
subject  to, the terms and  provisions  of the Notes and  agrees to perform  the
duties  hereinafter set forth and set forth in the Indenture,  the Notes and the
Offering Memorandum. Unless otherwise mutually agreed between the Issuer and the
Paying  Agent,  the Paying Agent shall be under no duty or obligation to pay any
interest or earnings on or with respect to amounts held or deposited  hereunder.
In the event the Issuer and the Paying Agent shall otherwise agree, any interest
or earnings on or with respect to any amount held or deposited  hereunder  shall
be remitted to the Issuer in accordance  with such  Agreement.  The Paying Agent
shall be under no duty or  obligation  to  collateralize  or pledge any security
therefor, or to segregate such amounts except as required by law.

                                   ARTICLE II
                                DEPOSIT OF FUNDS

     1. Not later than five business days prior to any date on which interest on
the  Notes  is due and  payable,  the  Issuer  shall  furnish,  or  cause  to be
furnished, to the Paying Agent in writing the following information with respect
to said interest payment date: (a) the name, address,  principal amount of Notes
owned by, and bank account  information  for, each registered  owner of Notes on
the record date to which such interest payment relates; (b) the rate of interest
to be paid on such interest  payment date; (c) the aggregate  amount of interest
to be paid on such  interest  payment  date with  respect to the Notes;  (d) any
applicable forms with respect to tax withholding (including, but not limited to,
Form W-8BEN); (e) amount to be withheld,  if any, under applicable tax laws; and
(f) such other information as the Paying Agent may reasonably  request from time
to time.  Information  required  by  preceding  clause  (a) may be  provided  by
reference to  information  previously  furnished to the Paying Agent pursuant to
this paragraph.

     2. Not later than five business  days prior to any date on which  principal
is to be paid by the Paying  Agent with  respect to the Notes,  the Issuer shall
furnish,  or cause to be furnished,  to the Paying Agent a statement  specifying
such payment date and obtaining  information with respect to such payment in the
nature of the information described in the preceding paragraphs,  including such
further  information  as the Paying  Agent may  reasonably  request from time to
time.

     3. Prior to each interest or principal payment date described in any of the
preceding  paragraphs of this Article,  the Issuer shall deposit, or cause to be
deposited,  with the Paying Agent immediately available funds in an amount equal
to the aggregate  amount to be paid by the Paying Agent on such payment date. In
the event the amount  deposited  with respect to a payment date is less than the
sum of the aggregate  amounts  specified in  statements  furnished to the Paying
Agent  pursuant to this Article with  respect to such payment  date,  the Paying
Agent shall  immediately  notify the Issuer,  and shall effect no payments  with
respect to such payment date until such  discrepancy  has been  resolved.  Until
paid as hereinafter provided,  the Paying Agent shall hold such amounts in trust
for the  benefit of the  holders of the Notes.  The Paying  Agent  shall pay any
interest or earnings on or with respect to amounts  held or deposited  hereunder
to the Issuer.

                                  ARTICLE III
                                    PAYMENTS

     1. The Paying Agent shall  effect  payment of interest on the Notes as such
becomes due and payable on the  respective  interest  payment  dates.  Except as
otherwise  required  pursuant  to  the  terms  of  the  Notes  or  the  Offering
Memorandum, such payment may be accomplished by the Paying Agent mailing a check
payable to the  registered  owner of the Note on the record date, to the address
of such registered  owner,  in accordance  with the information  provided to the
Paying Agent by the Issuer or, at the option of a registered owner of $1,000,000
or more  aggregate  principal  amount of Notes,  by the Paying Agent wiring such
amounts to an account  specified by such  registered  owner in a designation  in
form and  substance  satisfactory  to the Paying Agent (such  designation  to be
received by the Paying Agent no later than the record date).

     2. The Paying Agent shall effect payment of the principal of the Notes upon
the  presentation  and surrender of the Notes at the principal  corporate  trust
office of the Paying Agent (a) at maturity,  (b) upon redemption of the Notes or
(c) as otherwise provided by the Notes or the Offering Memorandum.

     3.  Notwithstanding any provision  elsewhere contained herein,  payments by
the Paying  Agent  shall be made only out of amounts  deposited  with the Paying
Agent with respect to such payment.

     4. The Paying Agent will not charge,  impose,  collect or receive, from the
holder or owner of any Note, any fee or consideration for any services performed
in connection with any payment to such holder or owner of principal or interest,
and any charge for postage,  for wiring payment, or otherwise,  shall be charged
to and collected only from the Issuer.

                                   ARTICLE IV
                        ADDITIONAL DUTIES OF PAYING AGENT

     1. The Paying Agent shall:  (i) keep and maintain such records in such form
and manner as it shall determine in its sole  discretion;  and (ii) perform such
related duties as may be necessary for the Paying Agent to perform. Such records
shall upon prior  written  request be available  for  inspection  by  authorized
officers,  employees,  and agents of the Issuer during the normal business hours
of the Paying Agent.  Upon the termination of this  Agreement,  the Paying Agent
shall deliver to the Issuer copies of such records  reflecting all  transactions
as of such date, in the form and manner kept by the Paying Agent.

     2. The Paying  Agent shall file such federal and state  returns  concerning
payments  hereunder as shall be required of it by applicable  law, but shall not
be  responsible  for the collection or withholding of taxes due on such payments
except,  and only to the extent,  required of it as Paying  Agent by  applicable
law.

     3. The Paying  Agent  shall have no duties or  responsibilities  whatsoever
except such duties and  responsibilities  as are  specifically set forth in this
Agreement,  and no covenant or  obligation  shall be implied in this  Agreement,
against the Paying Agent. Without limiting the generality of the foregoing,  the
Paying  Agent shall not be an office or agency of the Issuer  where Notes may be
presented  for  re-registration  or  transfer,  nor act as registrar or transfer
agent with respect to, or maintain record lists of holders of Notes.

     4. The Paying Agent shall incur no liability  and shall be fully  protected
in acting  upon any written  instruction  of the  Issuer.  The Issuer  agrees to
provide  written  instructions  to the Paying  Agent with respect to any and all
actions to be taken by the Paying Agent where failure to take such actions would
adversely affect the rights of or impose  liability or penalties  (including tax
liability or  penalties)  upon,  the Issuer or the  registered  owners,  past or
present,  of the Notes, or would adversely affect the market price of the Notes,
and in the absence of such instructions,  the Paying Agent shall have no duty to
take any such action.

     5. The Paying Agent shall use its best  efforts to perform its  obligations
hereunder,  including  the  timely  taking  of  action  as  required  hereunder,
provided,  however, that the Paying Agent shall not be liable for its failure to
meet such deadlines, including, without limitation, deadlines for the payment of
money  to  owners  of  Notes,  except  such  failure  as shall  result  from its
negligence, willful misconduct or bad faith.

     6. With respect to any notices required to be sent by the Paying Agent, the
Paying Agent shall not be liable for its failure to include required information
in such notices unless such information has been timely provided to it.

     7. The Paying Agent shall comply with Section 2.06 of the Indenture

                                   ARTICLE V
                           CONCERNING THE PAYING AGENT

     1. The Paying  Agent shall not be liable for any loss or damage,  including
reasonable counsel fees and expenses, resulting from its actions or omissions to
act  hereunder,  except for any loss or damage arising out of its own bad faith,
negligence  or  willful  misconduct.  Without  limiting  the  generality  of the
foregoing,  the Paying Agent shall not be liable for any action taken or omitted
in  reliance  on  any  notice,  direction,  consent,   certificate,   affidavit,
statement,  designation or other paper or document  reasonably believed by it to
be genuine and to have been duly and  properly  signed or presented to it by the
Issuer.

     2. The Issuer shall  indemnify  and  exonerate,  save and hold harmless the
Paying Agent from and against any and all claims,  demands,  expenses (including
reasonable  counsel fees and expenses) and  liabilities  of any and every nature
which the Paying Agent may sustain or incur or which may be asserted against the
Paying  Agent as a result of any action  taken or  omitted  by the Paying  Agent
hereunder without bad faith, negligence or willful misconduct.  At any time, the
Paying  Agent may apply to the Issuer for written  instructions  with respect to
any matter arising under this  Agreement and shall be fully  protected in acting
in  accordance  with such  instructions.  In addition,  the Paying Agent may, as
reasonably  necessary,  consult  counsel  to the Issuer or its  counsel,  at the
expense of the Issuer,  and shall be fully  protected with respect to any action
taken or  omitted  in good faith in  accordance  with such  advice or opinion of
counsel to the Issuer or its own counsel.

     3. The Paying Agent may employ agents or  attorneys-in-fact,  and shall not
be liable for any loss or damage  arising  out of, or in  connection  with,  the
actions or  omissions  to act of such agents or  attorneys-in-fact  provided the
Paying  Agent acted  without bad faith,  negligence,  or willful  misconduct  in
connection with the selection of such agents or attorneys-in-fact.

     4. The Paying Agent makes no  representations  with respect to the validity
or  sufficiency  of the Notes,  or the use or application of the proceeds of the
sale or distribution  thereof,  and shall incur no liability with respect to the
foregoing.

     5.   Notwithstanding  any  other  provision  elsewhere  contained  in  this
Agreement, the Paying Agent is acting solely as agent of the Issuer and does not
assume any obligation or  relationship of agency or trust for or with any owners
or holders of Notes other than the limited  obligations  with respect to amounts
deposited for the payment of principal of and interest on the Notes.

     6. The Issuer shall pay to the Paying Agent for its performance  hereunder:
(a) such  compensation  as may  mutually be agreed upon in writing;  and (b) its
out-of-pocket expenses (including reasonable counsel fees and expenses) incurred
in connection with this Agreement, including, without limitation, those referred
to in paragraph 4 of Article III thereof.

                                   ARTICLE VI
                                     GENERAL

     1. Either of the parties  hereto may terminate  this Agreement by giving to
the other a notice in  writing  specifying  a  termination  date  which,  unless
otherwise  waived by the other  party,  is (a) at least  thirty  days  after the
giving of such  notice,  and (b) in the case such  notice is given by the Paying
Agent, at least fifteen days prior to the next succeeding  interest payment date
or  principal  payment  date;  provided,  however,  that each  party  hereto may
terminate  this  Agreement  upon the  breach or  failure  of the other  party to
perform any  obligations  hereunder  and such breach or failure to perform shall
continue for ten days after written notice thereof or upon the entry of a decree
or order of  involuntary  bankruptcy,  commencement  of a  voluntary  case under
applicable  bankruptcy  laws,  appointment  of a  trustee  in  bankruptcy  or an
assignment for the benefit of creditors by either party  thereto.  Upon the date
specified  in such  notice the Paying  Agent  shall,  upon  making the  delivery
required  by  paragraph  1 of Article IV hereof,  be  relieved of all duties and
responsibilities  pursuant to this  Agreement;  provided that the  provisions of
paragraphs 1, 2 and 6 of Article V hereof shall survive the  termination of this
Agreement.

     2. Any notice, instruction, request for instructions or other instrument in
writing  authorized or required by this Agreement to given to either party shall
be deemed given if addressed and mailed  certified  mail to it at its offices at
the address first above  written,  or at such other place as such party may from
time to time designate in writing.

     3. This  Agreement may not be amended or modified in any manner except by a
written agreement executed by both parties.

     4. This  Agreement  shall extend to and be binding upon the parties  hereto
and their respective successors and assigns.

     5. Nothing in this Agreement, express or implied, shall give to any person,
other  than  the  parties  hereto,  the  Trustee  (which  is  expressly  made  a
third-party  beneficiary  hereto  for  purposes  of Article IV Section 7 of this
Agreement),  and  their  successors  hereunder,  any  benefit  or any  legal  or
equitable right, remedy or claim under this Agreement.

     6. This Agreement  shall be governed by, and construed in accordance  with,
the  laws  of the  State  of New  York,  without  regard  to  conflicts  of laws
principles thereof.

     7. This Agreement may be signed in any number of counterparts with the same
effect as if the signatures to each counterparts were upon a single  instrument,
and  all  such  counterparts  together  shall  be  deemed  an  original  of this
Agreement.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their respective corporate officers,  thereunto duly authorized,  as
of the day and year first above written.

                                     QWEST CAPITAL FUNDING, INC.

                                     By:    /s/ SEAN P. FOLEY
                                     Name:  Sean P. Foley
                                     Title: Senior Vice President and Treasurer

                                     THE BANK OF NEW YORK, as Paying Agent

                                     By:     /s/ VANN K. BROWN
                                     Name:   Vann K. Brown
                                     Title:  Assistant Vice PresidentEXHIBIT 10.45

                          CALCULATION AGENCY AGREEMENT

     CALCULATION AGENCY AGREEMENT dated as of July 7, 2000 between QWEST CAPITAL
FUNDING, INC., a Colorado corporation (the "Company"), and THE BANK OF NEW YORK,
a New York banking corporation, as Calculation Agent (the "Calculation Agent").

     WHEREAS,  the  Company  proposes to issue and sell  $300,000,000  aggregate
principal amount of its Floating Rate Notes due July 8, 2002 (the "Notes").  The
Notes will be offered by the Company  through  Salomon  Smith  Barney Inc.  (the
"Initial Purchaser"). The Notes are to be issued pursuant to an Indenture, dated
as of June 29, 1998, as supplemented by the First Supplemental Indenture,  dated
as of June 30, 2000, and as further  amended or  supplemented  from time to time
(the "Indenture"),  among the Company,  Qwest Communications  International Inc.
(as successor to U S WEST,  Inc.) (the  "Guarantor") and Bank One Trust Company,
National  Association,   as  trustee  (the  "Trustee").  The  Notes  are  to  be
distributed  pursuant  to the terms of a Purchase  Agreement  dated July 3, 2000
(the  "Purchase  Agreement"),  among the Company,  the Guarantor and the Initial
Purchaser. Terms used but not defined herein shall have the meanings assigned to
them in the Offering Memorandum, dated July 3, 2000, relating to the Notes.

     WHEREAS,  the  Notes  will  bear  interest  at a per  annum  rate  equal to
three-month LIBOR, reset quarterly, plus 45 basis points .45%.

     WHEREAS,  the purpose of this Agreement is to appoint an agent to calculate
the interest rate on the Notes.

     NOW,  THEREFORE,  in consideration of the mutual promises contained herein,
the parties hereby agree as follows:

     1. Agency.  The Company hereby appoints The Bank of New York as Calculation
Agent for the  purpose  of  calculating  the  interest  rate on the Notes in the
manner and at the times provided in the Notes and the Offering Memorandum.

     2. Duties of Calculation  Agent.  The Calculation  Agent shall exercise due
care to  determine  the  interest  rate on the  Notes,  in  accordance  with the
procedures  provided  in the  Notes  and  the  Offering  Memorandum,  and  shall
communicate the same to the Company,  the Trustee,  The Depository Trust Company
and any paying agent  identified to it in writing as soon as  practicable  after
each  determination.  The Calculation Agent will, upon the request of the holder
of any Note,  provide the interest rate then in effect with respect to the Notes
and, if determined,  the interest rate which will become  effective with respect
to the Notes on the next Interest Reset Date.

     3. Terms and Conditions.  The Calculation Agent accepts its obligations set
forth herein, upon the terms and subject to the conditions hereof, including the
following, to all of which the Company agrees:

          (a) In acting under this  Agreement and in connection  with the Notes,
     the Calculation Agent is acting solely as agent of the Company and does not
     assume any  obligations or  relationship of agency or trust for or with any
     of the owners or holders of the Notes.

          (b) The  Calculation  Agent  shall be  protected  and  shall  incur no
     liability  for or in respect of any action  taken or omitted to be taken or
     anything  suffered  by it in  reliance  upon the  terms of the  Notes,  any
     notice,  direction,  certificate,  affidavit,  statement  or  other  paper,
     document or  communication  reasonably  believed by it to be genuine and to
     have been approved or signed by the proper party or parties.

          (c) The  Calculation  Agent,  its officers,  directors,  employees and
     shareholders  may become the owners  of, or acquire  any  interest  in, any
     Notes,  with the same  rights that it or they would have if it were not the
     Calculation  Agent,  and may engage or be  interested  in any  financial or
     other  transaction  with  the  Company  as  freely  as if it  were  not the
     Calculation Agent.

          (d)  Neither  the  Calculation  Agent  nor  its  officers,  directors,
     employees,  agents or attorneys  shall be liable to the Company for any act
     or omission  hereunder,  or for any error of judgment made in good faith by
     it or  them,  except  in the  case of its or their  negligence  or  willful
     misconduct.

          (e) The  Calculation  Agent may consult with counsel of its  selection
     and the advice of such counsel or any opinion of counsel  shall be full and
     complete  authorization  and  protection  in respect  of any action  taken,
     suffered or omitted by it hereunder in good faith and in reliance thereon.

          (f) The  Calculation  Agent shall be  obligated to perform such duties
     and only such duties as are herein  specifically  set forth, and no implied
     duties  or  obligations  shall be read  into  this  Agreement  against  the
     Calculation Agent.

          (g)  Unless  herein  otherwise   specifically   provided,  any  order,
     certificate,  notice,  request,  direction or other  communication from the
     Company made or given by it under any provision of this Agreement  shall be
     sufficient if signed by any officer of the Company.

          (h) The  Calculation  Agent  may,  upon  obtaining  the prior  written
     consent of the Company,  perform any duties hereunder either directly or by
     or through  agents or  attorneys,  and the  Calculation  Agent shall not be
     responsible  for any  misconduct  or negligence on the part of any agent or
     attorney appointed with due care by it hereunder.

          (i) The Company will not,  without  first  obtaining the prior written
     consent of the Calculation  Agent, make any change to the Notes in the form
     attached as Exhibit A hereto if such change would  materially and adversely
     affect the Calculation Agent's duties and obligations under this Agreement.

     4. Compensation;  Indemnification.  The Calculation Agent shall be entitled
to such  compensation  as may be agreed upon with the  Company for all  services
rendered  by the  Calculation  Agent,  and  the  Company  promises  to pay  such
compensation  and  to  reimburse  the  Calculation   Agent  for  the  reasonable
out-of-pocket expenses (including reasonable attorney's and other professional's
fees and expenses) incurred by it in connection with the services rendered by it
hereunder upon receipt of such invoices as the Company shall reasonably require.
The Company also agrees to indemnify the  Calculation  Agent for, and to hold it
harmless  against,  any  and all  loss,  liability,  damage,  claim  or  expense
(including  the costs and expenses of defending  against any claim of liability)
incurred by the  Calculation  Agent that arises out of or in connection with its
accepting appointment as, or acting as, Calculation Agent hereunder, except such
as may  result  from the  negligence,  willful  misconduct  or bad  faith of the
Calculation Agent or any of its agents or employees. The Calculation Agent shall
incur no liability  and shall be  indemnified  and held  harmless by the Company
for, or in respect of, any actions taken,  omitted to be taken or suffered to be
taken in good faith by the Calculation Agent in reliance upon (i) the opinion or
advice  of legal  or  other  professional  advisors  satisfactory  to it or (ii)
written instructions from the Company. The Calculation Agent shall not be liable
for any error  resulting  from the use of or reliance on a source of information
used in good faith and with due care to calculate any interest  rate  hereunder.
The provisions of this Section shall survive the termination of this Agreement.

     5. Resignation and Removal; Successors.

          (a) The Calculation  Agent may at any time resign as Calculation Agent
     by giving  written  notice to the  Company of such  intention  on its part,
     specifying  the  date  on  which  its  desired   resignation  shall  become
     effective; provided, however, that such date shall never be earlier than 30
     days after the  receipt of such notice by the  Company,  unless the Company
     agrees  to  accept  less  notice;  provided,  further,  however,  that such
     resignation  shall not be effective until acceptance of an appointment by a
     successor  as  evidenced by an  appropriate  agreement  entered into by the
     Company and such successor  Calculation Agent. The Calculation Agent may be
     removed  at any time by the  filing  with it of any  instrument  in writing
     signed on behalf of the Company and  specifying  such  removal and the date
     when it is intended to become  effective.  Any resignation or removal shall
     take effect upon the date of the  acceptance by the  successor  Calculation
     Agent,  as  provided  in Section  5(b).  If within 30 days after  notice of
     resignation  or removal has been given, a successor  Calculation  Agent has
     not been  appointed,  the  Calculation  Agent  may,  at the  expense of the
     Company,  petition a court of competent jurisdiction to appoint a successor
     Calculation Agent. A successor  Calculation Agent shall be appointed by the
     Company by an instrument in writing signed on behalf of the Company and the
     successor   Calculation   Agent.   Upon  the  appointment  of  a  successor
     Calculation Agent and acceptance by it of such appointment, the Calculation
     Agent so succeeded shall cease to be such Calculation Agent hereunder. Upon
     its resignation or removal,  the Calculation Agent shall be entitled to the
     payment  by the  Company  of its  compensation,  if any is owed to it,  for
     services  rendered  hereunder and to the  reimbursement  of all  reasonable
     out-of-pocket expenses incurred in connection with the services rendered by
     it hereunder.

          (b) Any successor  Calculation Agent appointed hereunder shall execute
     and deliver to its predecessor and the Company an instrument accepting such
     appointment  hereunder,  and thereupon  such successor  Calculation  Agent,
     without any further act, deed or  conveyance,  shall become vested with all
     the authority,  rights, powers, trusts,  immunities and obligations of such
     predecessor  with like effect as if  originally  named as such  Calculation
     Agent  hereunder,  and such  predecessor,  upon  payment of its charges and
     disbursements  then unpaid,  shall thereupon become obliged to transfer and
     deliver, and such successor Calculation Agent shall be entitled to receive,
     copies of any relevant records  maintained by such predecessor  Calculation
     Agent.

          (c) Any corporation into which the Calculation Agent may be merged, or
     any corporation with which the Calculation  Agent may be  consolidated,  or
     any corporation  resulting from any merger or consolidation or to which the
     Calculation Agent shall sell or otherwise transfer all or substantially all
     of its corporate trust assets or business shall, to the extent permitted by
     applicable  law, be the successor  Calculation  Agent under this  Agreement
     without the execution or filing of any paper or any further act on the part
     of any of the parties hereto.  Notice of any such merger,  consolidation or
     sale shall forthwith be given to the Company and the Trustee.

     6. Notice.  Any notice required to be given hereunder shall be delivered in
person, sent by letter or telecopy or communicated by telephone (subject, in the
case  of  communication  by  telephone,   to  confirmation   dispatched   within
twenty-four hours by letter or by telecopy), as follows:

                           if to the Company:

                           Qwest Capital Funding, Inc.
                           1801 California Street
                           Denver, Colorado 80202
                           Attention: Yash Rana
                           Telephone:      (303) 992-5109
                           Telecopy:       (303) 992-1476

                           if to the Calculation Agent:

                           The Bank of New York
                           101 Barclay Street, 21W
                           New York, New York 10286
                           Attention: Corporate Trust Division
                           Telephone:        (212) 815-6286
                           Telecopy:         (212) 815-5915

                           if to the Trustee:

                           Bank One Trust Company, National Association
                           One Bank One Plaza
                           Suite 0126
                           Chicago, Illinois 60670-0126
                           Attention: Corporate Trust Services Division

                           and, if to The Depository Trust Company:

                           The Depository Trust Company
                           55 Water Street
                           New York, New York 10004
                           Attention:      Manager Announcements
                                           Dividend Department

or to any other  address of which any party  shall have  notified  the others in
writing as herein provided. Any notice hereunder given by telephone, telecopy or
letter  shall  be  deemed  to  be  received  when  in  the  ordinary  course  of
transmission or post, as the case may be, it would be received.

     7.  Governing  Law. This  Agreement  shall be governed by, and construed in
accordance with, the laws of the State of New York,  without regard to conflicts
of law principles thereof.

     8. Miscellaneous.

          (a) This  Agreement  may be executed by each of the parties  hereto in
     any number of counterparts,  each of which  counterparts,  when so executed
     and delivered,  shall be deemed to be an original and all such counterparts
     shall together constitute one and the same agreement.

          (b) In the event of any conflict relating to the rights or obligations
     of the Calculation Agent in connection with the calculation of the interest
     rate on the Notes,  the relevant terms of this Agreement  shall govern such
     rights and obligations.

          (c) The headings of the sections of this  Agreement have been inserted
     for  convenience  of reference  only and shall not be deemed a part of this
     Agreement.

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

                                     QWEST CAPITAL FUNDING, INC.

                                     By:    /S/ SEAN P. FOLEY
                                     Name:  Sean P. Foley
                                     Title:  Senior Vice President and Treasurer

                                     THE BANK OF NEW YORK,
                                              as Calculation Agent

                                     By:     /S/ VANN K. BROWN
                                     Name:   Vann K. Brown
                                     Title:  Assistant Vice President

<PAGE>

                                                                      EXHIBIT A

                                  FORM OF NOTE

<PAGE>

                                                                     EXHIBIT A-1

                        FORM OF REGULATION S GLOBAL NOTE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]