Document:

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                                                                    Exhibit 4(f)

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                               H.B. FULLER COMPANY

                                       TO

                      -----------------------------------,

                                                          Trustee

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

                                    INDENTURE

                         Dated as of __________________

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

                             Senior Debt Securities

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

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                               H.B. FULLER COMPANY

         Reconciliation and tie between Trust Indenture Act of 1939 and
                    Indenture, dated as of _________________

Trust Indenture Act Section                             Indenture Section

ss.310(a)(1) ............................................ 609
      (a)(2) ............................................ 609
      (a)(3) ............................................ Not Applicable
      (a)(4) ............................................ Not Applicable
      (a)(5) ............................................ 609
      (b) ............................................... 608, 610
      (c) ............................................... Not Applicable
ss.311(a) ............................................... 613
      (b) ............................................... 613
ss.312(a) ............................................... 701, 702(a)
      (b) ............................................... 702(b)
      (c) ............................................... 702(c)
ss.313(a) ............................................... 703(a)
      (b) ............................................... 703(a)
      (c) ............................................... 703(a)
      (d) ............................................... 703(b)
ss.314(a) ............................................... 704, 1011
      (b) ............................................... Not Applicable
      (c)(1) ............................................ 102
      (c)(2) ............................................ 102
      (c)(3) ............................................ Not Applicable
      (d) ............................................... Not Applicable
      (e) ............................................... 102
ss.315(a) ............................................... 601
      (b) ............................................... 602
      (c) ............................................... 601
      (d) ............................................... 601
      (e) ............................................... 514
ss.316(a) ............................................... 101
      (a)(1)(A) ......................................... 104(h), 502, 512
      (a)(1)(B) ......................................... 104(h), 513
      (a)(2) ............................................ Not Applicable
      (b) ............................................... 508
      (c) ............................................... 104(h)
ss.317(a)(1) ............................................ 503
      (a)(2) ............................................ 504
      (b) ............................................... 1003
ss.318(a) ............................................... 107
      (c) ............................................... 107

----------

Note: This reconciliation and tie shall not, for any purpose, be deemed to be
      part of the Indenture.

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                        Page
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<S>                                                                                                     <C>
Parties ...............................................................................................  1
Recitals ..............................................................................................  1

ARTICLE ONE  Definitions and Other Provisions of General Application ..................................  1

Section 101.      Definitions .........................................................................  1
                  Act .................................................................................  2
                  Affiliate ...........................................................................  2
                  Attributable Debt ...................................................................  2
                  Authenticating Agent ................................................................  2
                  Authorized Newspaper ................................................................  2
                  Bearer Security .....................................................................  2
                  Board of Directors ..................................................................  2
                  Board Resolution ....................................................................  2
                  Business Day ........................................................................  3
                  Clearstream .........................................................................  3
                  Commission ..........................................................................  3
                  Company .............................................................................  3
                  Company Request .....................................................................  3
                  Company Order .......................................................................  3
                  Consolidated Net Tangible Assets ....................................................  3
                  Corporate Trust Office ..............................................................  3
                  corporation .........................................................................  3
                  coupon ..............................................................................  3
                  Debt ................................................................................  4
                  Debt Securities .....................................................................  4
                  Defaulted Interest ..................................................................  4
                  Depositary ..........................................................................  4
                  Designated Currency .................................................................  4
                  Dollar ..............................................................................  4
                  $ ...................................................................................  4
                  Euro ................................................................................  4
                  Euroclear ...........................................................................  4
                  European Communities ................................................................  4
                  Event of Default ....................................................................  4
                  Exchange Rate .......................................................................  4
                  Exchange Rate Agent .................................................................  4
                  Exchange Rate Officer's Certificate .................................................  4
                  Foreign Currency ....................................................................  5
                  GAAP ................................................................................  5
</TABLE>

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
                  Global Exchange Agent ...............................................................  5
                  Global Exchange Date ................................................................  5
                  Global Security .....................................................................  5
                  Government Obligations ..............................................................  5
                  Holder ..............................................................................  5
                  Indenture ...........................................................................  5
                  interest ............................................................................  5
                  Interest Payment Date ...............................................................  5
                  Maturity ............................................................................  5
                  Mortgage ............................................................................  5
                  Officers' Certificate ...............................................................  5
                  Operating Property ..................................................................  6
                  Opinion of Counsel ..................................................................  6
                  Original Issue Discount Security ....................................................  6
                  Outstanding .........................................................................  6
                  Paying Agent ........................................................................  7
                  Person ..............................................................................  7
                  Place of Payment ....................................................................  7
                  Predecessor Security ................................................................  7
                  Preferred Stock .....................................................................  7
                  Redemption Date .....................................................................  7
                  Redemption Price ....................................................................  7
                  Registered Security .................................................................  7
                  Regular Record Date .................................................................  7
                  Remarketing Entity ..................................................................  7
                  Repayment Date ......................................................................  7
                  Repayment Price .....................................................................  8
                  Responsible Officer .................................................................  8
                  Restricted Subsidiary ...............................................................  8
                  Secured Debt ........................................................................  8
                  Security Register ...................................................................  8
                  Special Record Date .................................................................  8
                  Stated Maturity .....................................................................  8
                  Subsidiary ..........................................................................  8
                  Trust Indenture Act .................................................................  8
                  Trustee .............................................................................  8
                  United States .......................................................................  8
                  United States Alien .................................................................  8
                  Unrestricted Subsidiary .............................................................  9
                  Voting Stock ........................................................................  9
                  Wholly-owned Restricted Subsidiary ..................................................  9
Section 102.      Compliance Certificates and Opinions ................................................  9

Section 103.      Form of Documents Delivered to Trustee .............................................. 10
</TABLE>

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
Section 104.      Acts of Holders ..................................................................... 10

Section 105.      Notices, etc., to Trustee and Company ............................................... 13

Section 106.      Notice to Holders; Waiver ........................................................... 13

Section 107.      Conflict with Trust Indenture Act ................................................... 14

Section 108.      Effect of Headings and Table of Contents ............................................ 14

Section 109.      Successors and Assigns .............................................................. 14

Section 110.      Separability Clause ................................................................. 14

Section 111.      Benefits of Indenture ............................................................... 15

Section 112.      Governing Law ....................................................................... 15

Section 113.      Legal Holidays ...................................................................... 15

Section 114.      Exemption from Individual Liability ................................................. 15

Section 115.      Counterparts ........................................................................ 15

ARTICLE TWO  Debt Security Forms ...................................................................... 16

Section 201.      Forms Generally ..................................................................... 16

Section 202.      Form of Trustee's Certificate of Authentication ..................................... 16

Section 203.      Debt Securities in Global Form ...................................................... 17

ARTICLE THREE  The Debt Securities .................................................................... 17

Section 301.      Amount Unlimited; Issuance in Series ................................................ 17

Section 302.      Denominations ....................................................................... 20

Section 303.      Execution, Authentication, Delivery and Dating ...................................... 21

Section 304.      Temporary Debt Securities ........................................................... 23

Section 305.      Registration; Registration of Transfer and Exchange ................................. 25

Section 306.      Mutilated, Destroyed, Lost and Stolen Debt Securities ............................... 29

Section 307.      Payment of Interest; Interest Rights Preserved ...................................... 30

Section 308.      Persons Deemed Owners ............................................................... 31

Section 309.      Cancellation ........................................................................ 32

Section 310.      Computation of Interest ............................................................. 32

Section 311.      Certification by a Person Entitled to Delivery of a Bearer Security ................. 32

Section 312.      Judgments ........................................................................... 32

ARTICLE FOUR  Satisfaction and Discharge .............................................................. 33

Section 401.      Satisfaction and Discharge of Indenture ............................................. 33
</TABLE>

                                      iii

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
Section 402.      Application of Trust Money and Government Obligations ............................... 34

Section 403.      Satisfaction, Discharge and Defeasance of Debt Securities of any Series ............. 35

ARTICLE FIVE  Remedies ................................................................................ 37

Section 501.      Events of Default ................................................................... 37

Section 502.      Acceleration of Maturity; Rescission and Annulment .................................. 38

Section 503.      Collection of Indebtedness and Suits for Enforcement by Trustee ..................... 39

Section 504.      Trustee May File Proofs of Claim .................................................... 40

Section 505.      Trustee May Enforce Claims without Possession of Debt Securities or Coupons ......... 41

Section 506.      Application of Money Collected ...................................................... 41

Section 507.      Limitation on Suits ................................................................. 42

Section 508.      Unconditional Right of Holders to Receive Principal, Premium and Interest ........... 42

Section 509.      Restoration of Rights and Remedies .................................................. 42

Section 510.      Rights and Remedies Cumulative ...................................................... 43

Section 511.      Delay or Omission Not Waiver ........................................................ 43

Section 512.      Control by Holders of Debt Securities ............................................... 43

Section 513.      Waiver of Past Defaults ............................................................. 43

Section 514.      Undertaking for Costs ............................................................... 44

Section 515.      Waiver of Stay or Extension Laws .................................................... 44

ARTICLE SIX  The Trustee .............................................................................. 45

Section 601.      Certain Duties and Responsibilities ................................................. 45

Section 602.      Notice of Default ................................................................... 45

Section 603.      Certain Rights of Trustee ........................................................... 45

Section 604.      Not Responsible for Recitals or Issuance of Debt Securities ......................... 46

Section 605.      May Hold Debt Securities or Coupons ................................................. 47

Section 606.      Money Held in Trust ................................................................. 47

Section 607.      Compensation and Reimbursement ...................................................... 47

Section 608.      Disqualification; Conflicting Interests ............................................. 48

Section 609.      Corporate Trustee Required; Eligibility ............................................. 48

Section 610.      Resignation and Removal; Appointment of Successor ................................... 48
</TABLE>

                                       iv

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
Section 611.      Acceptance of Appointment by Successor .............................................. 50

Section 612.      Merger, Conversion, Consolidation or Succession to Business ......................... 51

Section 613.      Preferential Collection of Claims Against Company ................................... 51

Section 614.      Authenticating Agent ................................................................ 52

ARTICLE SEVEN  Holders' Lists and Reports By Trustee and Company ...................................... 53

Section 701.      Company to Furnish Trustee Names and Addresses of Holders ........................... 53

Section 702.      Preservation of Information; Communications to Holders .............................. 53

Section 703.      Reports by Trustee .................................................................. 54

Section 704.      Reports by Company .................................................................. 54

ARTICLE EIGHT  Consolidation, Merger, Conveyance, Transfer or Lease ................................... 54

Section 801.      Company May Consolidate, etc. Only on Certain Terms ................................. 54

Section 802.      Successor Corporation Substituted ................................................... 55

Section 803.      Conveyance or Transfer to a Wholly-owned Restricted Subsidiary ...................... 55

ARTICLE NINE  Supplemental Indentures ................................................................. 56

Section 901.      Supplemental Indentures without Consent of Holders .................................. 56

Section 902.      Supplemental Indentures with Consent of Holders ..................................... 57

Section 903.      Execution of Supplemental Indentures ................................................ 58

Section 904.      Effect of Supplemental Indentures ................................................... 58

Section 905.      Conformity with Trust Indenture Act ................................................. 58

Section 906.      Reference in Debt Securities to Supplemental Indentures ............................. 59

ARTICLE TEN  Covenants ................................................................................ 59

Section 1001.     Payment of Principal, Premium and Interest .......................................... 59

Section 1002.     Maintenance of Office or Agency ..................................................... 59

Section 1003.     Money for Debt Securities Payments to Be Held in Trust .............................. 60

Section 1004.     Corporate Existence ................................................................. 61

Section 1005.     Maintenance of Properties ........................................................... 62

Section 1006.     Payment of Additional Amounts ....................................................... 62

Section 1007.     Payment of Taxes .................................................................... 63

Section 1008.     Restriction on the Creation of Secured Debt ......................................... 63

Section 1009.     Restriction on Sale and LeaseBack Transactions ...................................... 64
</TABLE>

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
Section 1010.     Restriction on Permitting Unrestricted Subsidiaries
                    to become Restricted Subsidiaries ................................................. 65

Section 1011.     Officer's Certificate as to Default ................................................. 65

Section 1012.     Waiver of Certain Covenants ......................................................... 66

ARTICLE ELEVEN  Redemption of Debt Securities ......................................................... 66

Section 1101.     Applicability of Article ............................................................ 66

Section 1102.     Election to Redeem; Notice to Trustee ............................................... 66

Section 1103.     Selection by Trustee of Debt Securities to be Redeemed .............................. 66

Section 1104.     Notice of Redemption ................................................................ 67

Section 1105.     Deposit of Redemption Price ......................................................... 68

Section 1106.     Debt Securities Payable on Redemption Date .......................................... 68

Section 1107.     Debt Securities Redeemed in Part .................................................... 69

ARTICLE TWELVE  Sinking Funds ......................................................................... 69

Section 1201.     Applicability of Article ............................................................ 69

Section 1202.     Satisfaction of Sinking Fund Payments with Debt Securities .......................... 69

Section 1203.     Redemption of Debt Securities for Sinking Fund ...................................... 70

ARTICLE THIRTEEN  Repayment at the Option of Holders .................................................. 70

Section 1301.     Applicability of Article ............................................................ 70

Section 1302.     Repayment of Debt Securities ........................................................ 70

Section 1303.     Exercise of Option; Notice .......................................................... 71

Section 1304.     Election of Repayment by Remarketing Entities ....................................... 72

Section 1305.     Securities Payable on the Repayment Date ............................................ 72

ARTICLE FOURTEEN  Meetings of Holders of Debt Securities .............................................. 72

Section 1401.     Purposes for Which Meetings May Be Called ........................................... 72

Section 1402.     Call, Notice and Place of Meetings .................................................. 72

Section 1403.     Persons Entitled to Vote at Meetings ................................................ 73

Section 1404.     Quorum; Action ...................................................................... 73

Section 1405.     Determination of Voting Rights; Conduct and Adjournment of Meetings ................. 74

Section 1406.     Counting Votes and Recording Action of Meetings ..................................... 75

ARTICLE FIFTEEN  Defeasance ........................................................................... 75

Section 1501.     Termination of Company's Obligations ................................................ 75
</TABLE>

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<TABLE>
<CAPTION>
<S>                                                                                                     <C>
Section 1502.     Repayment to Company ................................................................ 76

Section 1503.     Indemnity for Government Obligations ................................................ 77

Testimonium ........................................................................................... 80
Signature and Seals ................................................................................... 80
Acknowledgements ...................................................................................... 81
Exhibit A-1 ...........................................................................................A-1
Exhibit A-2 ...........................................................................................A-2
Exhibit B .............................................................................................B-1
</TABLE>

                                      vii

<PAGE>

     INDENTURE (the "Indenture") dated as of ______________, between H.B. FULLER
COMPANY, a Minnesota corporation (hereinafter called the "Company"), having its
principal place of business at 1200 Willow Lake Boulevard, St. Paul, Minnesota
55110-5101 and ______________ _____________ (hereinafter called the "Trustee"),
having its Corporate Trust Office at __________________________________________.

                             RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its debentures,
notes, bonds and other evidences of indebtedness (herein called the "Debt
Securities").

     All things necessary have been done to make this Indenture a valid
agreement of the Company, in accordance with its terms.

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the Debt
Securities of any series created and issued on or after the date hereof by the
Holders thereof, it is mutually covenanted and agreed, for the benefit of all
Holders of such Debt Securities or of any such series, as follows:

                                   ARTICLE ONE

                        Definitions and Other Provisions
                             of General Application

     Section 101. Definitions.

     For all purposes of this Indenture, except as otherwise expressly provided
or unless the context otherwise requires:

          (1) the terms defined in this Article have the meanings assigned to
     them in this Article, and include the plural as well as the singular;

          (2) all other terms used herein which are defined in the Trust
     Indenture Act or by Commission rule or regulation under the Trust Indenture
     Act, either directly or by reference therein, as in force at the date as of
     which this instrument was executed, except as provided in Section 905, have
     the meanings assigned to them therein;

          (3) all accounting terms not otherwise defined herein have the
     meanings assigned to them in accordance with GAAP; and

          (4) the words "herein", "hereof" and "hereunder" and other words of
     similar import refer to this Indenture as a whole and not to any particular
     Article, Section or other subdivision.

<PAGE>

     Certain terms, used principally in Article Six, are defined in that
Article.

     "Act" when used with respect to any Holder has the meaning specified in
Section 104.

     "Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
"control" when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities by contract or otherwise, and
the terms "controlling" and "controlled" have meanings correlative to the
foregoing.

     "Attributable Debt" in respect of any sale and leaseback transaction means,
at any date as of which the amount thereof is to be determined, the amount of
future minimum lease payments under such lease required to be paid by the
lessee, less any executory costs, discounted using the methodology used to
calculate the present value of lease payments in the Company's most recent
Annual Report to Shareholders that reflects such a calculation. "Executory
costs" mean amounts required to be paid on account of maintenance and repairs,
services, insurance, taxes, assessments, water rates and similar charges and
contingent rents (such as those based on sales). In the case of any lease which
is terminable by the lessee upon the payment of a penalty, such net amount shall
include the lesser of (a) the rental payments to be paid under such lease until
the first date (after the date of such determination) upon which it may be so
terminated plus the then applicable penalty upon such termination, or (b) the
rental payments required to be paid during the remaining term of such lease
(assuming such termination provision is not exercised).

     "Authenticating Agent" means any Person authorized by the Trustee to act on
behalf of the Trustee to authenticate Debt Securities.

     "Authorized Newspaper" means a newspaper in an official language of the
country of publication or in the English language customarily published on each
Business Day, whether or not published on Saturdays, Sundays or holidays, and of
general circulation in the place in connection with which the term is used or in
the financial community of such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be
made in the same or in different newspapers in the same city meeting the
foregoing requirements and in each case on any Business Day.

     "Bearer Security" means any Debt Security established pursuant to Section
201 which is payable to bearer including, without limitation, unless the context
otherwise indicates, a Debt Security in global bearer form.

     "Board of Directors" means either the board of directors of the Company, or
the executive or any other committee of that board duly authorized to act in
respect hereof.

     "Board Resolution" means a copy of a resolution certified by the Secretary
or an Assistant Secretary of the Company to have been duly adopted by the Board
of Directors and to be in full force and effect on the date of such
certification, and delivered to the Trustee. Where any provision of this
Indenture refers to action to be taken pursuant to a Board Resolution (including
the

                                       2

<PAGE>

establishment of any series of the Debt Securities and the forms and terms
thereof), such action may be taken by any committee of the Board of the Company
or any officer or employee of the Company authorized to take such action by a
Board Resolution.

     "Business Day", when used with respect to any Place of Payment, means any
day which is not a Saturday or Sunday and which is not a legal holiday or a day
on which banking institutions or trust companies in that Place of Payment are
authorized or obligated by law or executive order to close.

     "Clearstream" means Clearstream Banking, societe anonyme.

     "Commission" means the Securities and Exchange Commission, as from time to
time constituted, created under the Securities Exchange Act of 1934, or if at
any time after the execution of this instrument such Commission is not existing
and performing the duties now assigned to it under the Trust Indenture Act, then
the body performing such duties on such date.

     "Company" means the Person named as the "Company" in the first paragraph of
this instrument until a successor Person shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter "Company" shall mean
such successor Person.

     "Company Request" and "Company Order" mean, respectively, except as
otherwise provided in this Indenture, a written request or order signed in the
name of the Company by the Chairman of the Board, a Vice Chairman of the Board,
the President or a Vice President (any references to a Vice President of the
Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or word or words added before or after the
title "Vice President"), the Treasurer, an Assistant Treasurer, the Controller,
an Assistant Controller, the Secretary or an Assistant Secretary of the Company
or by another officer of the Company duly authorized to sign by a Board
Resolution, and delivered to the Trustee.

     "Consolidated Net Tangible Assets" means the total amount of assets (less
applicable reserves and other properly deductible items) after deducting
therefrom (i) all current liabilities (excluding any thereof which are by their
terms extendible or renewable at the option of the obligor thereon to a time
more than 12 months after the time as of which the amount thereof is being
computed), and (ii) all good will, trade names, trademarks, patents, unamortized
debt discount and expense and other like intangibles, all as set forth on the
most recent consolidated balance sheet of the Company and its Subsidiaries and
computed in accordance with GAAP.

     "Corporate Trust Office" means the principal office of the Trustee at which
at any particular time its corporate trust business shall be administered, which
office at the date of original execution of this Indenture is located at
_________________________, ___________.

     The term "corporation" includes corporations, associations, companies and
business trusts.

     The term "coupon" means any interest coupon appertaining to a Bearer
Security.

                                       3

<PAGE>

     "Debt" means notes, bonds, debentures or other similar evidences of
indebtedness for money borrowed.

     "Debt Securities" has the meaning stated in the first recital of this
Indenture and more particularly means any Debt Securities authenticated and
delivered under this Indenture.

     "Defaulted Interest" has the meaning specified in Section 307.

     "Depositary" means, with respect to the Debt Securities of any series
issuable or issued in the form of a Global Security, the Person designated as
Depositary by the Company pursuant to Section 301 until a successor Depositary
shall have become such pursuant to the applicable provisions of this Indenture,
and thereafter "Depositary" shall mean or include each person who is then a
Depositary hereunder, and if at any time there is more than one such Person,
"Depositary" as used with respect to the Debt Securities of any such series
shall mean the Depositary with respect to the Debt Securities of that series.

     "Designated Currency" has the meaning specified in Section 312.

     "Dollar" or "$" means the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private
debts.

     "Euro" means the single currency of the European Monetary Union as defined
under EC Regulation 1103/97 adopted under Article 235 of the EU Treaty and under
EC Regulation 974/98 adopted under Article 109l(4) of the EU Treaty or under any
successor European legislation from time to time.

     "Euroclear" means Euroclear Bank S.A./N.V., as operator of the Euroclear
System.

     "European Communities" means the European Economic Community, the European
Coal and Steel Community and the European Atomic Energy Community.

     "Event of Default" has the meaning specified in Section 501.

     "Exchange Rate" shall have the meaning specified as contemplated in Section
301.

     "Exchange Rate Agent" shall have the meaning specified as contemplated in
Section 301.

     "Exchange Rate Officer's Certificate", with respect to any date for the
payment of principal of (and premium, if any) and interest on any series of Debt
Securities, means a certificate setting forth the applicable Exchange Rate and
the amounts payable in Dollars and Foreign Currencies in respect of the
principal of (and premium, if any) and interest on Debt Securities denominated
in Euro, any other composite currency or Foreign Currency, and signed by the
Chairman of the Board, a Vice Chairman of the Board, the President, a Vice
President, the Treasurer, an Assistant Treasurer or the Controller of the
Company or the Exchange Rate Agent appointed pursuant to Section 301, and
delivered to the Trustee.

                                       4

<PAGE>

     "Foreign Currency" means a currency issued by the government of any country
other than the United States of America.

     "GAAP" means, as of the date of any determination with respect thereto,
generally accepted accounting principles as used by the Financial Accounting
Standards Board and/or the American Institute of Certified Public Accountants,
consistently applied and maintained throughout the periods indicated.

     "Global Exchange Agent" has the meaning specified in Section 304.

     "Global Exchange Date" has the meaning specified in Section 304.

     "Global Security" means a Debt Security issued to evidence all or part of a
series of Debt Securities in accordance with Section 303.

     "Government Obligations" means, in respect of any series of Debt
Securities, securities of (i) the government which issued the currency in which
Debt Securities of such series are denominated and/or in which interest is
payable on the Debt Securities of such series or (ii) government agencies backed
by the full faith and credit of such government.

     "Holder", with respect to a Registered Security, means a Person in whose
name such Registered Security is registered in the Security Register and, with
respect to a Bearer Security or a coupon, means the bearer thereof.

     "Indenture" means this instrument as originally executed or as it may from
time to time be supplemented, amended or restated by or pursuant to one or more
indentures supplemental hereto entered into pursuant to the applicable
provisions hereof and, unless the context otherwise requires, shall include the
terms of a particular series of Debt Securities established as contemplated by
Section 301.

     The term "interest", when used with respect to an Original Issue Discount
Security which by its terms bears interest only after Maturity, means interest
payable after Maturity.

     "Interest Payment Date", with respect to any Debt Security, means the
Stated Maturity of an installment of interest on such Debt Security.

     "Maturity", when used with respect to any Debt Security, means the date on
which the principal of such Debt Security becomes due and payable as therein or
herein provided, whether at the Stated Maturity or by declaration of
acceleration, call for redemption, repayment at the option of the Holder or
otherwise.

     "Mortgage" means and includes any mortgage, pledge, lien, security
interest, conditional sale or other title retention agreement or other similar
encumbrance.

     "Officers' Certificate" means a certificate signed by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, and by
the Treasurer, an Assistant Treasurer,

                                       5

<PAGE>

the Controller, an Assistant Controller, the Secretary or an Assistant Secretary
of the Company, and delivered to the Trustee.

     "Operating Property" means any manufacturing facility, distribution center
or other property related to the manufacturing business of the Company or any
Subsidiary located within the United States of America and which has been owned
and operated by the Company or any Subsidiary for more than 90 days; provided,
however, that (i) any such property (not theretofore owned by the Company or a
Subsidiary) owned and operated by a corporation which becomes a Subsidiary after
the execution and delivery of this Indenture as originally executed shall not
constitute Operating Property unless owned and operated by such corporation for
more than 90 days after it becomes a Subsidiary and (ii) any such property will
not constitute Operating Property if it is determined by a Board Resolution not
to be of material importance to the total business conducted by the Company and
its Subsidiaries, taken as a whole.

     "Opinion of Counsel" means a written opinion of counsel, who may (except as
otherwise expressly provided in this Indenture) be an employee of or counsel for
the Company, or who may be other counsel, which is delivered to the Trustee.

     "Original Issue Discount Security" means any Debt Security which provides
for an amount less than the principal amount thereof to be due and payable upon
a declaration of acceleration of the Maturity thereof pursuant to Section 502.

     "Outstanding", when used with respect to Debt Securities means, as of the
date of determination, all Debt Securities theretofore authenticated and
delivered under this Indenture, except:

          (i) Debt Securities theretofore cancelled by the Trustee or delivered
     to the Trustee for cancellation;

          (ii) Debt Securities or portions thereof for whose payment or
     redemption money or Government Obligations in the necessary amount has been
     theretofore deposited with the Trustee or any Paying Agent (other than the
     Company) in trust or set aside and segregated in trust by the Company (if
     the Company shall act as its own Paying Agent) for the Holders of such Debt
     Securities and any coupons appertaining thereto; provided, however, that if
     such Debt Securities are to be redeemed, notice of such redemption has been
     duly given pursuant to this Indenture or provision therefor satisfactory to
     the Trustee has been made; and

          (iii) Debt Securities in exchange for or in lieu of which other Debt
     Securities have been authenticated and delivered, or which have been paid,
     pursuant to this Indenture;

provided, however, that in determining whether the Holders of the requisite
principal amount of Debt Securities Outstanding have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, Debt Securities
owned by the Company or any other obligor upon the Debt Securities or any
Affiliate of the Company or of such other obligor shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee
shall be protected in relying upon such request, demand, authorization,
direction, notice, consent or waiver, only Debt Securities which the Trustee
knows to be so owned shall be so disregarded. Debt Securities so owned which
have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of

                                       6

<PAGE>

the Trustee the pledgee's right so to act with respect to such Debt Securities
and that the pledgee is not the Company or any other obligor upon the Debt
Securities or any Affiliate of the Company or of such other obligor.

     "Paying Agent" means any Person authorized by the Company to pay the
principal of (and premium, if any) or interest on any Debt Securities on behalf
of the Company.

     "Person" means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.

     "Place of Payment", when used with respect to the Debt Securities of any
series means any place where the principal of (and premium, if any) and interest
on the Debt Securities of that series are payable as specified as contemplated
by Section 301.

     "Predecessor Security" of any particular Debt Security means every previous
Debt Security evidencing all or a portion of the same debt as that evidenced by
such particular Debt Security; and, for the purposes of this definition, any
Debt Security authenticated and delivered under Section 306 in lieu of a lost,
destroyed or stolen Debt Security shall be deemed to evidence the same debt as
the lost, destroyed or stolen Debt Security.

     "Preferred Stock", as applied to the capital stock of any corporation,
means stock of any class or classes (however designated) which is preferred as
to the payment of dividends, or as to the distribution of assets on any
voluntary or involuntary liquidation or dissolution of such corporation, over
shares of stock of any other class of such corporation.

     "Redemption Date", when used with respect to any Debt Security to be
redeemed, means the date fixed for such redemption by or pursuant to this
Indenture.

     "Redemption Price", when used with respect to any Debt Security to be
redeemed, means the price at which it is to be redeemed pursuant to this
Indenture.

     "Registered Security" means any Debt Security in the form of Registered
Securities established pursuant to Section 201 which is registered in the
Security Register.

     "Regular Record Date" for the interest payable on any Interest Payment Date
on the Registered Securities of any series means the date specified for that
purpose as contemplated by Section 301.

     "Remarketing Entity", when used with respect to Debt Securities of any
series which are repayable at the option of the Holders thereof before their
Stated Maturity, means any person designated by the Company to purchase any such
Debt Securities.

     "Repayment Date", when used with respect to any Debt Security to be repaid
upon exercise of an option for repayment by the Holder, means the date fixed for
such repayment pursuant to this Indenture.

                                       7

<PAGE>

     "Repayment Price", when used with respect to any Debt Security to be repaid
upon exercise of an option for repayment by the Holder, means the price at which
it is to be repaid pursuant to this Indenture.

     "Responsible Officer" when used with respect to the Trustee, means any
officer of the Trustee assigned by it to administer its corporate trust matters.

     "Restricted Subsidiary" means any Subsidiary of the Company other than an
Unrestricted Subsidiary.

     "Secured Debt" means any Debt which is secured by a Mortgage upon any
Operating Property of the Company or a Restricted Subsidiary or shares of stock
or Debt issued by a Restricted Subsidiary owned by the Company or a Restricted
Subsidiary.

     "Security Register" and "Security Registrar" have the respective meanings
specified in Section 305.

     "Special Record Date" for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 307.

     "Stated Maturity", when used with respect to any Debt Security or any
installment of interest thereon, means the date specified in such Debt Security
or a coupon representing such installment of interest as the fixed date on which
the principal of such Debt Security or such installment is due and payable.

     "Subsidiary" means any corporation more than 50% of the outstanding shares
of Voting Stock, except for directors' qualifying shares, of which shall at the
time be owned, directly or indirectly, by the Company or by one or more of the
Subsidiaries, or by the Company and one or more other Subsidiaries.

     "Trust Indenture Act" means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed, except as provided in Section
905.

     "Trustee" means the Person named as the "Trustee" in the first paragraph of
this instrument until a successor Trustee shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter "Trustee" shall mean or
include each Person who is then a Trustee hereunder, and if at any time there is
more than one such Person, "Trustee" as used with respect to the Debt Securities
of any series shall mean the Trustee with respect to Debt Securities of that
series.

     "United States" means the United States of America (including the District
of Columbia) and its possessions.

     "United States Alien" means any Person who, for United States Federal
income tax purposes, is a foreign corporation, a non-resident alien individual,
a non-resident alien fiduciary of a foreign estate or trust, or a foreign
partnership one or more of the members of which is, for United States Federal
income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust.

                                       8

<PAGE>

     "Unrestricted Subsidiary" means (a) (i) any Subsidiary substantially all of
the physical properties of which are located, or substantially all of the
business of which is carried on, outside of the United States of America, (ii)
any Subsidiary created or acquired after the date hereof the primary business of
which consists of financing operations in connection with leasing and
conditional sales transactions on behalf of the Company and its Subsidiaries,
and/or purchasing accounts receivable, and/or making loans secured by accounts
receivable or inventory, or which is otherwise primarily engaged in the business
of a finance company, and (iii) any other Subsidiary which, in accordance with
the provisions of this Indenture, has been designated by Board Resolution as an
Unrestricted Subsidiary, in each case unless and until any of the Subsidiaries
referred to in the foregoing clauses (i), (ii) and (iii) shall, in accordance
with the provisions of this Indenture, be designated by Board Resolution as a
Restricted Subsidiary; and (b) any Subsidiary a majority of the Voting Stock of
which shall at the time be owned directly or indirectly by one or more
Unrestricted Subsidiaries.

     "Voting Stock", as applied to the stock (or the equivalent thereof) of any
corporation, means stock (or the equivalent thereof) of any class or classes,
however designated, entitled in the ordinary course to vote in an election of
directors of such corporation, other than stock (or such equivalent) having such
power only by reason of the happening of a contingency.

     "Wholly-owned Restricted Subsidiary" means any Restricted Subsidiary all
the outstanding capital stock of which, other than directors' qualifying shares,
is owned by the Company and its other Wholly-owned Restricted Subsidiaries.

     Section 102. Compliance Certificates and Opinions.

     Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall furnish to the
Trustee, if so requested by the Trustee, an Officers' Certificate stating that
all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that
in the opinion of such counsel all such conditions precedent, if any, have been
complied with, except that in the case of any such application or request as to
which the furnishing of such documents is specifically required by any provision
of this Indenture relating to such particular application or request, no
additional certificate or opinion need be furnished.

     Every certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture shall include:

          (1) a statement that each individual signing such certificate or
     opinion has read such covenant or condition and the definitions herein
     relating thereto;

          (2) a brief statement as to the nature and scope of the examination or
     investigation upon which the statements or opinions contained in such
     certificate or opinion are based;

          (3) a statement that, in the opinion of each such individual, he or
     she has made such examination or investigation as is necessary to enable
     him or her to express an informed opinion as to whether or not such
     covenant or condition has been complied with; and

                                       9

<PAGE>

          (4) a statement as to whether, in the opinion of each such individual,
     such condition or covenant has been complied with.

     Section 103. Form of Documents Delivered to Trustee.

     In any case where several matters are required to be certified by, or
covered by an opinion of, any specified Person, it is not necessary that all
such matters be certified by, or covered by the opinion of, only one such
Person, or that they be so certified or covered by only one document, but one
such Person may certify or give an opinion with respect to some matters and one
or more other such Persons as to other matters, and any such Person may certify
or give an opinion as to such matters in one or several documents.

     Any certificate or opinion of an officer of the Company may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations
with respect to the matters upon which his or her certificate or opinion is
based is erroneous. Any such certificate or Opinion of Counsel may be based,
insofar as it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the
information with respect to such factual matters is in the possession of the
Company, unless such counsel knows, or in the exercise of reasonable care should
know, that the certificate or opinions or representations with respect to such
matters is erroneous.

     Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and
form one instrument.

     Section 104. Acts of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given or taken by Holders may
be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by an agent duly appointed in writing.
If Debt Securities of a series are issuable in whole or in part as Bearer
Securities, any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by
Holders may, alternatively, be embodied in and evidenced by the record of
Holders of Debt Securities voting in favor thereof, either in person or by
proxies duly appointed in writing, at any meeting of Holders of Debt Securities
duly called and held in accordance with the provisions of Article Fourteen, or a
combination of such instruments and any such record. Except as herein otherwise
expressly provided, such action shall become effective when such instrument or
instruments or record or both are delivered to the Trustee, and, where it is
hereby expressly required, to the Company. Such instrument or instruments and
any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the "Act" of the Holders signing such instrument
or instruments and so voting at any such meeting. Proof of execution of any such
instrument or of a writing appointing any such agent, or the holding by any
Person of a Debt Security, shall be sufficient for any purpose of this Indenture
and (subject to Section 601) conclusive in favor of the Trustee and the Company,
if made in the manner provided in this Section. The record of any meeting of
Holders of Debt Securities shall be proved in the manner provided in Section
1406.

                                       10

<PAGE>

     (b) The fact and date of the execution by any Person of any such instrument
or writing may be proved in any manner which the Trustee deems sufficient.

     (c) The ownership of Registered Securities shall be proved by the Security
Register.

     (d) The principal amount and serial numbers of Bearer Securities held by
any Person, and the date of holding the same, may be proved by the production of
such Bearer Securities or by a certificate executed, as depositary, by any trust
company, bank, banker or other depositary, wherever situated, if such
certificate shall be deemed by the Trustee to be satisfactory, showing that at
the date therein mentioned such Person had on deposit with such depositary, or
exhibited to it, the Bearer Securities in the amount and with the serial numbers
therein described; or such facts may be proved by the certificate or affidavit
of the Person holding such Bearer Securities, if such certificate or affidavit
is deemed by the Trustee to be satisfactory. The Trustee and the Company may
assume that such ownership of any Bearer Security continues until (1) another
certificate or affidavit bearing a later date issued in respect of the same
Bearer Security is produced, or (2) such Bearer Security is produced to the
Trustee by some other person, or (3) such Bearer Security is surrendered in
exchange for a Registered Security, or (4) such Bearer Security is no longer
Outstanding.

     (e) The fact and date of execution of any such instrument or writing, the
authority of the Person executing the same and the principal amount and serial
numbers of Bearer Securities held by the Person so executing such instrument or
writing and the date of holding the same may also be proved in any other manner
which the Trustee deems sufficient; and the Trustee may in any instance require
further proof with respect to any of the matters referred to in this Section.

     (f) Any request, demand, authorization, direction, notice, consent, waiver
or other Act of the Holder of any Debt Security shall bind every future holder
of the same Debt Security and the Holder of every Debt Security issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof in
respect of anything done, suffered or omitted by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such Debt
Security.

     (g) For purposes of determining the principal amount of Outstanding Debt
Securities of any series the Holders of which are required, requested or
permitted to give any request, demand, authorization, direction, notice,
consent, waiver or take any other Act under this Indenture, (i) each Original
Issue Discount Security shall be deemed to have the principal amount determined
by the Trustee that could be declared to be due and payable pursuant to the
terms of such Original Issue Discount Security as of the date there is delivered
to the Trustee and, where it is hereby expressly required, to the Company, such
Act by Holders of the required aggregate principal amount of the Outstanding
Debt Securities of such series and (ii) each Debt Security denominated in a
Foreign Currency or composite currency shall be deemed to have the principal
amount determined by the Exchange Rate Agent by converting the principal amount
of such Debt Security in the currency in which such Debt Security is denominated
into Dollars at the Exchange Rate as of the date such Act is delivered to the
Trustee and, where it is hereby expressly required, to the Company, by Holders
of the required aggregate principal amount of the Outstanding Debt Securities of
such series.

                                       11

<PAGE>

     (h) The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Debt Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Debt Securities of such series, provided that
the Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding Debt
Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take the relevant action, whether or not such Holders
remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken on or prior to the applicable Expiration Date
(as defined below) by Holders of the requisite principal amount of Outstanding
Debt Securities of such series on such record date. Nothing in this paragraph
shall be construed to prevent the Company from setting a new record date for any
action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this
paragraph shall be construed to render ineffective any action taken by Holders
of the requisite principal amount of Outstanding Debt Securities of the relevant
series on the date such action is taken. Promptly after any record date is set
pursuant to this paragraph, the Company, at its own expense, shall cause notice
of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Trustee in writing and to each Holder of Debt
Securities of the relevant series in the manner set forth in Section 106.

     The Trustee may set any day as a record date for the purpose of determining
the Holders of Outstanding Debt Securities of any series entitled to join in the
giving or making of (i) any notice of an Event of Default, (ii) any declaration
of acceleration referred to in Section 502, (iii) any request to institute
proceedings referred to in Section 507(2), or (iv) any direction referred to in
Section 512, in each case with respect to Debt Securities of such series. If any
record date is set pursuant to this paragraph, the Holders of Outstanding Debt
Securities of such series on such record date, and no other Holders, shall be
entitled to join in such notice, declaration, request or direction, whether or
not such Holders remain Holders after such record date; provided that no such
action shall be effective hereunder unless taken on or prior to the applicable
Expiration Date by Holders of the requisite principal amount of Outstanding Debt
Securities of such series on such record date. Nothing in this paragraph shall
be construed to prevent the Trustee from setting a new record date for any
action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this
paragraph shall be construed to render ineffective any action taken by Holders
of the requisite principal amount of Outstanding Debt Securities of the relevant
series on the date such action is taken. Promptly after any record date is set
pursuant to this paragraph, the Trustee, at the Company's expense, shall cause
notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Company in writing and to each Holder of Debt
Securities of the relevant series in the manner set forth in Section 106.

     With respect to any record date set pursuant to this Section, the party
hereto which sets such record dates may designate any day as the "Expiration
Date" and from time to time may change the Expiration Date to any earlier or
later day; provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and
to each Holder of Debt Securities of the relevant series in the manner set forth
in

                                       12

<PAGE>

Section 106, on or prior to the existing Expiration Date. If an Expiration Date
is not designated with respect to any record date set pursuant to this Section,
the party hereto which set such record date shall be deemed to have initially
designated the 180th day after such record date as the Expiration Date with
respect thereto, subject to its right to change the Expiration Date as provided
in this paragraph.

     Section 105. Notices, etc., to Trustee and Company.

     Any request, demand, authorization, direction, notice, consent, waiver or
other Act of Holders or other document provided or permitted by this Indenture
to be made upon, given or furnished to, or filed with,

          (1) the Trustee by any Holder or by the Company shall be sufficient
     for every purpose hereunder (unless otherwise herein expressly provided),
     if made, given, furnished or filed in writing (which may be via original or
     facsimile) to or with the Trustee at its Corporate Trust Office, or

          (2) the Company by the Trustee or by any Holder shall be sufficient
     for every purpose hereunder (unless otherwise herein expressly provided) if
     in writing and mailed, first-class postage prepaid, to the Company
     addressed to the attention of its Secretary at the address of its principal
     office specified in the first paragraph of this instrument or at any other
     address previously furnished in writing to the Trustee by the Company.

     Section 106. Notice to Holders; Waiver.

     Except as otherwise expressly provided herein, where this Indenture
provides for notice to Holders of any event, (1) such notice shall be
sufficiently given to Holders of Registered Securities if in writing and mailed,
first-class postage prepaid, to each Holder of a Registered Security affected by
such event, at such Holder's address as it appears in the Security Register, not
later than the latest date, and not earlier than the earliest date, prescribed
for the giving of such notice; and (2) such notice shall be sufficiently given
to Holders of Bearer Securities by publication thereof in an Authorized
Newspaper in The City of New York and, if the Debt Securities of such series are
then listed on The International Stock Exchange of the United Kingdom and the
Republic of Ireland and such stock exchange shall so require, in London, and, if
the Debt Securities of such series are then listed on the Luxembourg Stock
Exchange and such stock exchange shall so require, in Luxembourg and, if the
Debt Securities of such series are then listed on any other stock exchange
outside the United States and such stock exchange shall so require, in any other
required city outside the United States or, if not practicable, in Europe on a
Business Day at least twice, the first such publication to be not later than the
latest date and not earlier than the earliest date prescribed for the giving of
such notice.

     In case, by reason of the suspension of or irregularities in regular mail
service or for any other reason, it shall be impossible or impracticable to mail
notice of any event to Holders of Registered Securities when said notice is
required to be given pursuant to any provision of this Indenture or of the Debt
Securities, then any manner of giving such notice as shall be satisfactory to
the Trustee shall be deemed to be a sufficient giving of such notice. In any
case where notice to Holders of Registered Securities is to be given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed,
to any particular Holder of a Registered Security shall affect the sufficiency
of

                                       13

<PAGE>

such notice with respect to other Holders of Registered Securities or the
sufficiency of any notice by publication to Holders of Bearer Securities given
as provided above.

     In case, by reason of the suspension of publication of any Authorized
Newspaper, or by reason of any other cause, it shall be impossible or
impracticable to make publication of any notice to Holders of Bearer Securities
as provided above, then such method of publication or notification as shall be
made with the approval of the Trustee shall constitute a sufficient publication
of such notice. Neither failure to give notice by publication to Holders of
Bearer Securities as provided above, nor any defect in any notice so published,
shall affect the sufficiency of any notice mailed to Holders of Registered
Securities as provided above.

     Where this Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing
shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

     Any request, demand, authorization, direction, notice, consent, election,
waiver or other Act required or permitted under this Indenture shall be in the
English language, except that any published notice may be in an official
language of the country of publication.

     Section 107. Conflict with Trust Indenture Act.

     If any provision hereof limits, qualifies or conflicts with another
provision hereof which is required to be included in this Indenture by any of
the provisions of the Trust Indenture Act, such required provision shall
control.

     Section 108. Effect of Headings and Table of Contents.

     The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof.

     Section 109. Successors and Assigns.

     All covenants and agreements in this Indenture by the Company shall bind
its successors and assigns, whether so expressed or not.

     Section 110. Separability Clause.

     In case any provision in this Indenture or in the Debt Securities or any
coupons shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

                                       14

<PAGE>

     Section 111. Benefits of Indenture.

     Nothing in this Indenture or in the Debt Securities or any coupons, express
or implied, shall give to any Person, other than the parties hereto and their
successors hereunder, any Paying Agent and the Holders, any benefit or any legal
or equitable right, remedy or claim under this Indenture.

     Section 112. Governing Law.

     This Indenture and the Debt Securities and any coupons shall be governed by
and construed in accordance with the laws of the State of Minnesota.

     Section 113. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date, Repayment
Date or Stated Maturity of any Debt Security shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture or
of the Debt Securities or any coupons) payment of interest or principal (and
premium, if any) need not be made at such Place of Payment on such date, but may
be made on the next succeeding Business Day at such Place of Payment with the
same force and effect as if made on the Interest Payment Date, Redemption Date,
Repayment Date or at the Stated Maturity, and no interest shall accrue on the
amount so payable for the period from and after such Interest Payment Date,
Redemption Date, Repayment Date or Stated Maturity, as the case may be.

     Section 114. Exemption from Individual Liability.

     No recourse under or upon any obligation, covenant or agreement of this
Indenture, or of any Debt Security or any coupon, or for any claim based thereon
or otherwise in respect thereof, shall be had against any incorporator,
stockholder, officer or director, as such, past, present or future, of the
Company or of any successor corporation, either directly or through the Company,
whether by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being expressly
understood that this Indenture and the obligations issued hereunder are solely
corporate obligations of the Company, and that no such personal liability
whatever shall attach to, or is or shall be incurred by, the incorporators,
stockholders, officers or directors, as such, of the Company or of any successor
corporation, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any of the Debt Securities or any coupon or
implied therefrom; and that any and all such personal liability, either at
common law or in equity or by constitution or statute, of, and any and all such
rights and claims against, every such incorporator, stockholder, officer or
director, as such, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any of the Debt Securities or any coupon or
implied therefrom, are hereby expressly waived and released as a condition of,
and as a consideration for, the execution of this Indenture and the issue of
such Debt Securities.

     Section 115. Counterparts.

     This Indenture may be executed in any number of counterparts, each of which
so executed shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same Indenture.

                                       15

<PAGE>

                                   ARTICLE TWO

                               Debt Security Forms

     Section 201. Forms Generally.

     The Registered Securities, if any, and the Bearer Securities and related
coupons, if any, of each series shall be in substantially the form (including
temporary or permanent global form) as shall be established in or pursuant to a
Board Resolution or in one or more indentures supplemental hereto, in each case
with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by this Indenture, and may have such letters,
numbers or other marks of identification and such legends or endorsements placed
thereon, as may be required to comply with the rules of any securities exchange,
or as may, consistently herewith, be determined by the officers executing such
Debt Securities or coupons, as evidenced by their signatures on the Debt
Securities or coupons. If the form of Debt Securities of any series or coupons
(including any such Global Security) is established by action taken pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be
certified by the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such Debt
Securities or coupons.

     Unless otherwise specified as contemplated by Section 301, Debt Securities
in bearer form other than Debt Securities in temporary or permanent global form
shall have coupons attached.

     The definitive Debt Securities and coupons, if any, shall be printed,
lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by the officers executing such Debt Securities,
as evidenced by the execution of such Debt Securities and coupons.

     Section 202. Form of Trustee's Certificate of Authentication.

     This is one of the Debt Securities, of the series designated herein,
described in the within-mentioned Indenture.

                                                                             '
                                       --------------------------------------

                                       as Trustee

                                       By
                                          -----------------------------------
                                                   Authorized Officer

                                       16

<PAGE>

     Section 203. Debt Securities in Global Form.

     If Debt Securities of a series are issuable in whole or in part in global
form, as specified as contemplated by Section 301, then, notwithstanding clause
(10) of Section 301 and the provisions of Section 302, such Global Security
shall represent such of the outstanding Debt Securities of such series as shall
be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Debt Securities from time to time endorsed thereon and
that the aggregate amount of Outstanding Debt Securities represented thereby may
from time to time be reduced to reflect exchanges. Any endorsement of a Global
Security to reflect the amount, or any increase or decrease in the amount, of
Outstanding Debt Securities represented thereby shall be made in such manner and
upon instructions given by such Person or Persons as shall be specified therein
or in the Company Order to be delivered to the Trustee pursuant to Section 303
or Section 304.

     The provisions of the last sentence of Section 303(g) shall apply to any
Debt Securities represented by a Debt Security in global form if such Debt
Security was never issued and sold by the Company and the Company delivers to
the Trustee the Debt Security in global form together with written instructions
(which need not comply with Section 102 and need not be accompanied by an
Opinion of Counsel) with respect to the reduction in the principal amount of
Debt Securities represented thereby, together with the written statement
contemplated by the last sentence of Section 303(g).

     Global Securities may be issued in either registered or bearer form and in
permanent form or, in the case of Bearer Securities, either temporary or
permanent form.

                                  ARTICLE THREE

                               The Debt Securities

     Section 301. Amount Unlimited; Issuance in Series.

     The aggregate principal amount of Debt Securities which may be
authenticated and delivered under this Indenture is unlimited.

     The Debt Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution, and set forth in an Officers'
Certificate, or established in one or more indentures supplemental hereto, prior
to the issuance of Debt Securities of any series:

          (1) the title of the Debt Securities of the series (which shall
     distinguish the Debt Securities of the series from all other Debt
     Securities);

          (2) the limit, if any, upon the aggregate principal amount of the Debt
     Securities of the series which may be authenticated and delivered under
     this Indenture (except for Debt Securities authenticated and delivered upon
     registration of transfer of, or in exchange for, or in lieu of, other Debt
     Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or
     1303 and except for any Debt Securities which, pursuant to Section 303, are
     deemed never to have been authenticated and delivered hereunder);

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<PAGE>

          (3) the date or dates on which the principal and premium, if any, of
     the Debt Securities of the series are payable;

          (4) the rate or rates, if any, at which the Debt Securities of the
     series shall bear interest, or the method or methods by which such rate or
     rates may be determined, the date or dates from which such interest shall
     accrue, the Interest Payment Dates on which such interest shall be payable,
     the Regular Record Date for the interest payable on any Registered Security
     on any Interest Payment Date and the circumstances, if any, in which the
     Company may defer interest payments;

          (5) the place or places where, subject to the provisions of Section
     1002, the principal of (and premium, if any) and interest on Debt
     Securities of the series shall be payable, any Registered Securities of the
     series may be surrendered for registration of transfer, Debt Securities of
     the series may be surrendered for exchange and notices and demands to or
     upon the Company in respect of the Debt Securities of the series and this
     Indenture may be served and where notices to Holders pursuant to Section
     106 will be published;

          (6) if applicable, the period or periods within which or the date or
     dates on which, the price or prices at which and the terms and conditions
     upon which Debt Securities of the series may be redeemed, in whole or in
     part, at the option of the Company;

          (7) the obligation, if any, of the Company to redeem, repay or
     purchase Debt Securities of the series pursuant to any sinking fund or
     analogous provisions or at the option of a Holder thereof and the period or
     periods within which, the price or prices at which and the terms and
     conditions upon which Debt Securities of the series shall be redeemed,
     repaid or purchased, in whole or in part, pursuant to such obligation;

          (8) whether Debt Securities of the series are to be issuable as
     Registered Securities, Bearer Securities or both, whether Debt Securities
     of the series are to be issuable with or without coupons or both and, in
     the case of Bearer Securities, the date as of which such Bearer Securities
     shall be dated if other than the date of original issuance of the first
     Debt Security of such series of like tenor and term to be issued;

          (9) whether the Debt Securities of the series shall be issued in whole
     or in part in the form of a Global Security or Securities and, in such
     case, the Depositary and Global Exchange Agent for such Global Security or
     Securities, whether such global form shall be permanent or temporary and,
     if applicable, the Global Exchange Date;

          (10) if Debt Securities of the series are to be issuable initially in
     the form of a temporary Global Security, the circumstances under which the
     temporary Global Security can be exchanged for definitive Debt Securities
     and whether the definitive Debt Securities will be Registered and/or Bearer
     Securities and will be in global form and whether interest in respect of
     any portion of such Global Security payable in respect of an Interest
     Payment Date prior to the Global Exchange Date shall be paid to any
     clearing organization with respect to a portion of such Global Security
     held for its account and, in such event, the terms and conditions
     (including any certification requirements) upon which any such interest
     payment received by a

                                       18

<PAGE>

     clearing organization will be credited to the Persons entitled to interest
     payable on such Interest Payment Date if other than as provided in this
     Article Three;

          (11) whether, and under what conditions, additional amounts will be
     payable to Holders of Debt Securities of the series pursuant to Section
     1006;

          (12) the denominations in which any Registered Securities of the
     series shall be issuable, if other than denominations of $1,000 and any
     integral multiple thereof, and the denominations in which any Bearer
     Securities of such series shall be issuable, if other than the denomination
     of $5,000;

          (13) if other than the principal amount thereof, the portion of the
     principal amount of Debt Securities of the series which shall be payable
     upon declaration of acceleration of the Maturity thereof pursuant to
     Section 502;

          (14) the currency or currencies of denomination of the Debt Securities
     of any series, which may be in Dollars, any Foreign Currency or any
     composite currency, including but not limited to the Euro, and, if any such
     currency of denomination is a composite currency other than the Euro, the
     agency or organization, if any, responsible for overseeing such composite
     currency;

          (15) the currency or currencies in which payment of the principal of
     (and premium, if any) and interest on the Debt Securities will be made, any
     other currency or currencies in which payment of the principal of (and
     premium, if any) or the interest on Registered Securities, at the election
     of each of the Holders thereof, may also be payable and the periods within
     which and the terms and conditions upon which such election is to be made,
     and the Exchange Rate and Exchange Rate Agent;

          (16) if the amount of payments of principal of (and premium, if any)
     or interest on the Debt Securities of the series may be determined with
     reference to an index, the manner in which such amounts shall be
     determined;

          (17) if payments of principal of (and premium, if any) or interest on
     the Debt Securities of the series are to be made in a Foreign Currency
     other than the currency in which such Debt Securities are denominated, the
     manner in which the Exchange Rate with respect to such payments shall be
     determined;

          (18) any Events of Default with respect to Debt Securities of such
     series, if not set forth herein and any Events of Default set forth herein
     that shall not apply to the Debt Securities of such series;

          (19) any other covenant or warranty included for the benefit of the
     Debt Securities of the series in addition to (and not inconsistent with)
     those set forth herein for the benefit of Debt Securities of all series, or
     any other covenant or warranty included for the benefit of Debt Securities
     of the series in lieu of any covenant or warranty set forth herein for the
     benefit of Debt Securities of all series, or any provision that any
     covenant or warranty set forth herein for the benefit of Debt Securities of
     all series shall not be for the benefit of Debt Securities of such

                                       19

<PAGE>

     series, or any combination of such covenants, warranties or provisions and
     whether the provisions of Section 1012 will not apply to such covenants and
     warranties;

          (20) the terms and conditions, if any, pursuant to which the Company's
     obligations under this Indenture may be terminated through the deposit of
     money or Government Obligations as provided in Articles Four and Fifteen;

          (21) the Person or Persons who shall be Security Registrar for the
     Debt Securities of such series if other than the Trustee, and the place or
     places where the Security Register for such series shall be maintained and
     the Person or Persons who will be the initial Paying Agent or Agents, if
     other than the Trustee;

          (22) if the Debt Securities of the series are convertible or
     exchangeable for any securities of any Person (including the Company), the
     terms and conditions upon which such Debt Securities will be convertible or
     exchangeable; and

          (23) any other terms of the series (which terms shall not be
     inconsistent with the provisions of this Indenture).

     All Debt Securities of any one series and the coupons appertaining to
Bearer Securities of such series, if any, shall be substantially identical
except, in the case of Registered Securities, as to denomination and except as
may otherwise be provided in or pursuant to such Board Resolution and set forth
in such Officers' Certificate or in any such indenture supplemental hereto.

     Debt Securities of any particular series may be issued at various times,
with different dates on which the principal or any installment of principal is
payable, with different rates of interest, if any, or different methods by which
rates of interest may be determined, with different dates on which such interest
may be payable and with different Redemption or Repayment Dates and may be
denominated in different currencies or payable in different currencies.

     If any of the terms of a series of Debt Securities are established by
action taken pursuant to a Board Resolution, a copy of an appropriate record of
such action shall be certified by the Secretary or an Assistant Secretary of the
Company and delivered to the Trustee at or prior to the delivery of the
Officers' Certificate setting forth the terms of the series.

     Section 302. Denominations.

     Debt Securities of each series shall be issuable in such form and
denominations as shall be specified in the form of Debt Security for such series
approved or established pursuant to Section 201 or in the Officers' Certificate
delivered pursuant to Section 301. In the absence of any specification with
respect to the Debt Securities of any series, the Registered Securities of such
series, if any, shall be issuable in denominations of $1,000 and any integral
multiple thereof and the Bearer Securities of such series, if any, shall be
issuable in the denominations of $5,000.

                                       20

<PAGE>

     Section 303. Execution, Authentication, Delivery and Dating.

     (a) The Debt Securities shall be executed on behalf of the Company by its
Chairman of the Board, a Vice Chairman of the Board, the President, a Vice
President, the Treasurer or one of its Assistant Treasurers and by its Secretary
or one of its Assistant Secretaries under its corporate seal reproduced thereon.
The signature of any of these officers on the Debt Securities may be manual or
facsimile. Coupons shall bear the facsimile signature of an authorized officer
of the Company.

     Debt Securities and coupons bearing the manual or facsimile signatures of
individuals who were at any time the proper officers of the Company shall bind
the Company, notwithstanding that such individuals or any of them have ceased to
hold such offices prior to the authentication and delivery of such Debt
Securities or coupons of any series or did not hold such offices at the date of
such Debt Securities or coupons.

     (b) At any time and from time to time after the execution and delivery of
this Indenture, Debt Securities of any series may be executed by the Company and
delivered to the Trustee for authentication, and, except as otherwise provided
in this Article Three, shall thereupon be authenticated and delivered by the
Trustee upon Company Order, without any further action by the Company; provided,
however, that, in connection with its original issuance, a Bearer Security may
be delivered only outside the United States and, except in the case of a
temporary Global Security, only if the Company or its agent shall have received
the certification required pursuant to Sections 304(b)(iii) and (iv), unless
such certification shall have been provided earlier pursuant to Section
304(b)(v) hereof, and only if the Company has no reason to know that such
certification is false.

     To the extent authorized in or pursuant to a Board Resolution and set forth
in an Officers' Certificate, or established in one or more indentures
supplemental hereto, such written Company Order may be given by any one officer
or employee of the Company, may be electronically transmitted, and may provide
instructions as to registration of holders, principal amounts, rates of
interest, maturity dates and other matters contemplated by such Board Resolution
and Officers' Certificate or supplemental indenture to be so instructed in
respect thereof. Before authorizing and delivering the first Debt Securities of
any series (and upon request of the Trustee thereafter), the Company shall
deliver to the Trustee (i) the certificates called for under Sections 201 and
301 hereof and (ii) an Opinion of Counsel described in the next sentence.

     In authenticating such Debt Securities, and accepting the additional
responsibilities under this Indenture in relation to any such Debt Securities,
the Trustee shall be entitled to receive, prior to the initial authentication of
such Debt Securities, and (subject to Section 601) shall be fully protected in
relying upon:

          (i) a Board Resolution relating thereto and, if applicable, an
     appropriate record of any action taken pursuant to such resolution
     certified by the Secretary or an Assistant Secretary of the Company;

          (ii) an executed supplemental indenture, if any, relating thereto;

          (iii) an Officers' Certificate setting forth the form and terms of the
     Debt Securities of such series and coupons, if any, pursuant to Sections
     201 and 301 and stating that all

                                       21

<PAGE>

     conditions precedent provided for in this Indenture relating to the
     issuance of such Debt Securities have been complied with; and

          (iv) an Opinion of Counsel stating

               (A) that the form of such Debt Securities and coupons, if any,
          has been established in or pursuant to a Board Resolution or by a
          supplemental indenture as permitted by Section 201 in conformity with
          the provisions of this Indenture;

               (B) that the terms of such Debt Securities and coupons, if any,
          have been established in or pursuant to a Board Resolution or by a
          supplemental indenture as permitted by Section 301 in conformity with
          the provisions of this Indenture; and

               (C) that such Debt Securities and coupons, if any, when
          authenticated and delivered by the Trustee and issued by the Company
          in the manner and subject to any conditions specified in such Opinion
          of Counsel, will constitute valid and binding obligations of the
          Company, enforceable in accordance with their terms, subject, as to
          enforcement of remedies, to applicable bankruptcy, reorganization,
          insolvency, moratorium or other laws affecting creditors' rights
          generally and the application of general principles of equity and
          except further as enforcement thereof may be limited by (i)
          requirements that a claim with respect to any Debt Securities
          denominated other than in Dollars (or a Foreign Currency or currency
          unit judgment in respect of such claim) be converted into Dollars at a
          rate of exchange prevailing on a date determined pursuant to
          applicable law or (ii) governmental authority to limit, delay or
          prohibit the making of payments in Foreign Currencies or currency
          units or payments outside the United States.

     (c) If the Company shall establish pursuant to Section 301 that the Debt
Securities of a series are to be issued in whole or in part in the form of one
or more Global Securities, then the Company shall execute and the Trustee shall,
in accordance with this Section and the Company Order with respect to such
series, authenticate and deliver one or more Global Securities in permanent or
temporary form that (i) shall represent and shall be denominated in an aggregate
amount equal to the aggregate principal amount of the Outstanding Debt
Securities of such series to be represented by one or more Global Securities,
(ii) shall be registered in the name of the Depositary for such Global Security
or Securities or the nominee of such Depositary and (iii) shall be delivered by
the Trustee to such Depositary or pursuant to such Depositary's instructions.

     (d) The Trustee shall have the right to decline to authenticate and deliver
any Debt Securities under this Section 303 if the issuance of such Debt
Securities will adversely affect the Trustee's own rights, duties or immunities
under the Debt Securities and this Indenture or otherwise in a manner which is
not reasonably acceptable to the Trustee.

     (e) If all the Debt Securities of any series are not to be issued at one
time, it shall not be necessary to deliver an Opinion of Counsel at the time of
issuance of each Debt Security, but such Opinion of Counsel, with appropriate
modifications, may instead be delivered at or prior to the time of the first
issuance of Debt Securities of such series.

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<PAGE>

     (f) Each Registered Security shall be dated the date of its authentication.
Each Bearer Security shall be dated as of the date specified as contemplated by
Section 301.

     (g) No Debt Security or coupon attached thereto shall be entitled to any
benefit under this Indenture or be valid or obligatory for any purpose, unless
there appears on such Debt Security a certificate of authentication
substantially in the form provided for herein executed by the Trustee, and such
certificate upon any Debt Security shall be conclusive evidence, and the only
evidence, that such Debt Security has been duly authenticated and delivered
hereunder. Except as permitted by Section 306, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for
interest then matured have been detached and cancelled. Notwithstanding the
foregoing, if any Debt Security or portion thereof shall have been duly
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company shall deliver such Debt Security to the Trustee for cancellation
as provided in Section 309 together with a written statement (which need not
comply with Section 102 and need not be accompanied by an Opinion of Counsel)
stating that such Debt Security or portion thereof has never been issued and
sold by the Company, for all purposes of this Indenture such Debt Security shall
be deemed never to have been authenticated and delivered hereunder and shall
never be entitled to the benefits of this Indenture.

     (h) Each Depositary designated pursuant to Section 301 for a Global
Security in registered form must, at the time of its designation and at all
times while it serves as Depositary, be a clearing agency registered under the
Securities Exchange Act of 1934 and any other applicable statute or regulation.

     Section 304. Temporary Debt Securities.

     (a) Pending the preparation of definitive Debt Securities of any series,
the Company may execute, and upon receipt of documents required by Sections 301
and 303, together with a Company Order, the Trustee shall authenticate and
deliver, temporary Debt Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any denomination, substantially of the
tenor and terms of the definitive Debt Securities in lieu of which they are
issued in registered form or, if authorized, in bearer form with one or more
coupons or without coupons, and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Debt
Securities may determine, as evidenced by their signatures on such Debt
Securities. In the case of Debt Securities of any series issuable as Bearer
Securities, such temporary Debt Securities may be in global form, representing
all or any part of the Outstanding Debt Securities of such series.

     (b) Unless otherwise provided pursuant to Section 301:

          (i) Except in the case of temporary Debt Securities in global form, if
     temporary Debt Securities of any series are issued, the Company will cause
     definitive Debt Securities of such series to be prepared without
     unreasonable delay. After the preparation of definitive Debt Securities of
     such series, the related temporary Debt Securities shall be exchangeable
     for such definitive Debt Securities upon surrender of the temporary Debt
     Securities of such series at the office or agency of the Company in the
     Place of Payment for such series, without charge to the Holder. Upon
     surrender for cancellation of any one or more temporary Debt Securities of
     any series (accompanied, if applicable, by all unmatured coupons and all
     matured coupons in default appertaining thereto), the Company shall execute
     and the Trustee shall authenticate and

                                       23

<PAGE>

     deliver in exchange therefor a like principal amount of definitive Debt
     Securities of the same series of like tenor and terms and of authorized
     denominations; provided, however, that no Bearer Security shall be
     delivered in exchange for a Registered Security; and provided, further,
     that a Bearer Security shall be delivered in exchange for a Bearer Security
     only in compliance with the conditions set forth in Section 305.

          (ii) If Debt Securities of any series are issued in temporary global
     form, any such temporary Global Security shall, unless otherwise provided
     pursuant to Section 301, be delivered to the Depositary for the benefit of
     Euroclear and Clearstream, for credit to the respective accounts of the
     beneficial owners of such Debt Securities (or to such other accounts as
     they may direct).

          (iii) Without unnecessary delay but in any event not later than the
     date specified in, or determined pursuant to the terms of, any such
     temporary Global Security (the "Global Exchange Date"), the Company shall
     deliver definitive Debt Securities to the Trustee or the agent appointed by
     the Company pursuant to Section 301 to effect the exchange of the temporary
     Global Security for definitive Debt Securities (the "Global Exchange
     Agent"), in an aggregate principal amount equal to the principal amount of
     such temporary Global Security, executed by the Company. On or after the
     Global Exchange Date, such temporary Global Security shall be surrendered
     by the Depositary to the Global Exchange Agent, to be exchanged, in whole
     or from time to time in part, for definitive Debt Securities without charge
     and the Trustee or the Global Exchange Agent, if authorized by the Trustee
     pursuant to Section 614, shall authenticate and deliver, in exchange for
     each portion of such temporary Global Security, an equal aggregate
     principal amount of definitive Debt Securities of the same series of
     authorized denominations and of like tenor and terms as the portion of such
     temporary Global Security to be exchanged. Upon any exchange of a part of
     such temporary Global Security for definitive Debt Securities, the portion
     of the principal amount and any interest thereon so exchanged shall be
     endorsed by the Global Exchange Agent on a schedule to such temporary
     Global Security, whereupon the principal amount and interest payable with
     respect to such temporary Global Security shall be reduced for all purposes
     by the amount so exchanged and endorsed. The definitive Debt Securities to
     be delivered in exchange for any such temporary Global Security shall be in
     bearer form, registered form, global registered form or global bearer form,
     or any combination thereof, as specified as contemplated by Section 301,
     and, if any combination thereof is so specified, as requested by the
     beneficial owner thereof; provided, however, that, in the case of the
     exchange of the temporary Global Security for definitive Bearer Securities
     (including a definitive Global Bearer Security), upon such presentation by
     the Depositary, such temporary Global Security shall be accompanied by a
     certificate signed by Euroclear as to the portion of such temporary Global
     Security held for its account then to be exchanged and a certificate signed
     by Clearstream as to the portion of such temporary Global Security held for
     its account then to be exchanged, each in the form set forth in Exhibit B
     to this Indenture; and provided, further, that definitive Bearer Securities
     (including a definitive Global Bearer Security) shall be delivered in
     exchange for a portion of a temporary Global Security only in compliance
     with the requirements of Section 303.

          (iv) The interest of a beneficial owner of Debt Securities of a series
     in a temporary Global Security shall be exchanged for definitive Debt
     Securities of the same series and of like tenor and terms following the
     Global Exchange Date when the account holder instructs

                                       24

<PAGE>

     Euroclear or Clearstream, as the case may be, to request such exchange on
     such account holder's behalf and, in the case of the exchange of the
     temporary Global Security for definitive Bearer Securities (including a
     definitive Global Bearer Security), the account holder delivers to
     Euroclear or Clearstream, as the case may be, a certificate in the form set
     forth in Exhibit A-1 and, if applicable, A-2 to this Indenture, dated no
     earlier than 15 days prior to the Global Exchange Date, copies of which
     certificate shall be available from the offices of Euroclear and
     Clearstream, the Global Exchange Agent, any authenticating agent appointed
     for such series of Debt Securities and each Paying Agent. Unless otherwise
     specified in such temporary Global Security, any such exchange shall be
     made free of charge to the beneficial owners of such temporary Global
     Security, except that a Person receiving definitive Debt Securities must
     bear the cost of insurance, postage, transportation and the like in the
     event that such Person does not take delivery of such definitive Debt
     Securities in person at the offices of Euroclear and Clearstream.
     Definitive Debt Securities in bearer form to be delivered in exchange for
     any portion of a temporary Global Security shall be delivered only outside
     the United States.

          (v) Until exchanged in full as hereinabove provided, the temporary
     Debt Securities of any series shall in all respects be entitled to the same
     benefits under this Indenture as definitive Debt Securities of the same
     series and of like tenor and terms authenticated and delivered hereunder,
     except that interest payable on a temporary Global Security on an Interest
     Payment Date shall be payable to Euroclear and Clearstream on such Interest
     Payment Date only if there has been delivered by Euroclear and Clearstream
     to the Global Exchange Agent a certificate or certificates in the form set
     forth in Exhibit B to this Indenture dated no earlier than the first
     Interest Payment Date, for credit without further interest on or after such
     Interest Payment Date to the respective accounts of the Persons who are the
     beneficial owners of such temporary Global Security on such Interest
     Payment Date and who have each delivered to Euroclear or Clearstream, as
     the case may be, a certificate in the form set forth in Exhibit A-1 and, if
     applicable, A-2 to this Indenture dated no earlier than the first Interest
     Payment Date. Any interest so received by Euroclear and Clearstream and not
     paid as herein provided prior to the Global Exchange Date shall be returned
     to the Global Exchange Agent which, upon expiration of two years after such
     Interest Payment Date, shall repay such interest to the Company in
     accordance with Section 1003.

     Section 305. Registration; Registration of Transfer and Exchange.

     The Company shall cause to be kept at one of the offices or agencies to be
maintained by the Company in accordance with the provisions of this Section 305
and Section 1002, with respect to the Debt Securities of each series which are
Registered Securities, a register (herein sometimes referred to as the "Security
Register") in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of Registered Securities and of
transfers of Registered Securities. Pursuant to Section 301, the Company shall
appoint, with respect to Debt Securities of each series which are Registered
Securities, a "Security Registrar" for the purpose of registering such Debt
Securities and transfers and exchanges of such Debt Securities as herein
provided.

     Upon surrender for registration of transfer of any Registered Security of
any series at the office or agency of the Company maintained for such purpose,
the Company shall execute, and the Trustee shall authenticate and deliver, in
the name of the designated transferee or transferees, one or

                                       25

<PAGE>

more new Registered Securities of the same series of any authorized denomination
or denominations, of like tenor and terms and aggregate principal amount.

     At the option of the Holder, Registered Securities of any series may be
exchanged for other Registered Securities of the same series of any authorized
form and denomination, of like tenor and terms and aggregate principal amount,
upon surrender of the Registered Securities to be exchanged at such office or
agency. Bearer Securities may not be delivered in exchange for Registered
Securities.

     At the option of the Holder, Registered Securities or Bearer Securities of
any series may be issued in exchange for Bearer Securities (except as otherwise
specified as contemplated by Section 301 with respect to a Bearer Security in
global form) of the same series, of any authorized denominations and of like
tenor and terms and aggregate principal amount, upon surrender of the Bearer
Securities to be exchanged at any such office or agency, with all unmatured
coupons and all matured coupons in default thereto appertaining. If the Holder
of a Bearer Security is unable to produce any such unmatured coupon or coupons
or matured coupon or coupons in default, such exchange may be effected if the
Bearer Securities are accompanied by payment in funds acceptable to the Company
and the Trustee in an amount equal to the face amount of such missing coupon or
coupons, or the surrender of such missing coupon or coupons may be waived by the
Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If
thereafter the Holder of such Security shall surrender to any Paying Agent any
such missing coupon in respect of which such a payment shall have been made,
such Holder shall be entitled to receive the amount of such payment; provided,
however, that, except as otherwise provided in Section 1002, interest
represented by coupons shall be payable only upon presentation and surrender of
those coupons at an office or agency located outside the United States.
Notwithstanding the foregoing, in case a Bearer Security of any series is
surrendered at any such office or agency in exchange for a Registered Security
of the same series and like tenor and terms after the close of business at such
office or agency on (i) any Regular Record Date and before the opening of
business at such office or agency on the relevant Interest Payment Date, or (ii)
any Special Record Date and before the opening of business at such office or
agency on the related date for payment of Defaulted Interest, such Bearer
Security shall be surrendered without the coupon relating to such Interest
Payment Date or proposed date of payment, as the case may be.

     Whenever any Debt Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and deliver, the Debt
Securities which the Holder making the exchange is entitled to receive.

     If at any time the Depositary for the Debt Securities of a series notifies
the Company that it is unwilling or unable to continue as Depositary for the
Debt Securities of such series or if at any time the Depositary for the Debt
Securities of such series shall no longer be eligible under Section 303(h), the
Company shall appoint a successor Depositary with respect to the Debt Securities
of such series. If a successor Depositary for the Debt Securities of such series
is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company's election pursuant
to Section 301(9) shall no longer be effective with respect to the Debt
Securities of such series and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive
Debt Securities of such series, will authenticate and deliver, Debt Securities
of such series in definitive form in an aggregate

                                       26

<PAGE>

principal amount equal to the principal amount of the Global Security or
Securities representing such series in exchange for such Global Security or
Securities.

     The Company may at any time and in its sole discretion determine that the
Debt Securities of any series issued in the form of one or more Global
Securities shall no longer be represented by such Global Security or Securities.
In such event the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Debt Securities of such series in
definitive form and in an aggregate principal amount equal to the principal
amount of the Global Security or Securities representing such series in exchange
for such Global Security or Securities.

     If specified by the Company pursuant to Section 301 with respect to a
series of Debt Securities, the Depositary for such series of Debt Securities may
surrender a Global Security for such series of Debt Securities in exchange in
whole or in part for Debt Securities of such series of like tenor and terms and
in definitive form on such terms as are acceptable to the Company and such
Depositary. Thereupon, the Company shall execute, and the Trustee shall
authenticate and deliver, without charge to any Holder,

          (a) to each Person specified by such Depositary a new Debt Security or
     Securities of the same series, of like tenor and terms and of any
     authorized denominations as requested by such person in aggregate principal
     amount equal to and in exchange for such Person's beneficial interest in
     the Global Security; and

          (b) to such Depositary a new Global Security of like tenor and terms
     and in a denomination equal to the difference, if any, between the
     principal amount of the surrendered Global Security and the aggregate
     principal amount of Debt Securities delivered to Holders thereof.

     In any exchange provided for in any of the preceding three paragraphs, the
Company will execute and the Trustee will authenticate and deliver Debt
Securities (a) in definitive registered form in authorized denominations, if the
Debt Securities of such series are issuable as Registered Securities, (b) in
definitive bearer form in authorized denominations, with coupons attached, if
the Debt Securities of such series are issuable as Bearer Securities or (c) as
either Registered or Bearer Securities, as shall be specified by the beneficial
owner thereof, if the Debt Securities of such series are issuable in either
form; provided, however, that no definitive Bearer Security shall be delivered
in exchange for a temporary Global Security unless the Company or its agent
shall have received from the person entitled to receive the definitive Bearer
Security a certificate substantially in the form set forth in Exhibit A-1 and,
if applicable, A-2 hereto; and provided further that delivery of a Bearer
Security shall occur only outside the United States; and provided further that
no definitive Bearer Security will be issued if the Company has reason to know
that any such certificate is false.

     Upon the exchange of a Global Security for Debt Securities in definitive
form, such Global Security shall be cancelled by the Trustee. Registered
Securities issued in exchange for a Global Security pursuant to this Section
shall be registered in such names and in such authorized denominations as the
Depositary for such Global Security, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee
shall deliver such Registered Securities to the persons in whose names such Debt
Securities are so registered. The Trustee shall

                                       27

<PAGE>

deliver Bearer Securities issued in exchange for a Global Security pursuant to
this Section to the persons, and in such authorized denominations, as the
Depositary for such Global Security, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee; provided,
however, that no definitive Bearer Security shall be delivered in exchange for a
temporary Global Security unless the Company or its agent shall have received
from the person entitled to receive the definitive Bearer Security a certificate
substantially in the form set forth in Exhibit A-1 and, if applicable, A-2
hereto; and provided further that delivery of a Bearer Security shall occur only
outside the United States; and provided further that no definitive Bearer
Security will be issued if the Company has reason to know that any such
certificate is false.

     All Debt Securities issued upon any registration of transfer or exchange of
Debt Securities shall be the valid obligations of the Company, evidencing the
same debt, and entitled to the same benefits under this Indenture, as the Debt
Securities surrendered upon such registration of transfer or exchange.

     Every Registered Security presented or surrendered for registration of
transfer or for exchange shall (if so required by the Company, the Security
Registrar or the Trustee) be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Company, the Security
Registrar and the Trustee duly executed, by the Holder thereof or such Holder's
attorney duly authorized in writing.

     No charge to any Holder shall be made for any registration of transfer or
exchange of Debt Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
connection with any transfer, registration of transfer or exchange of Debt
Securities, other than exchanges expressly provided in this Indenture to be made
at the Company's own expense or without expense or without charge to the
Holders.

     The Company shall not be required (i) to issue, register the transfer of or
exchange Debt Securities of any particular series to be redeemed for a period of
fifteen days preceding the first publication of the relevant notice of
redemption or, if Registered Securities are outstanding and there is no
publication, the mailing of the relevant notice of redemption of Debt Securities
of such series selected for redemption under Section 1103 and ending at the
close of business on the day of such mailing, or (ii) to register the transfer
of or exchange any Registered Security so selected for redemption in whole or in
part, except the unredeemed portion of such Registered Security being redeemed
in part, or (iii) to exchange any Bearer Security so selected for redemption
except that such a Bearer Security may be exchanged for a Registered Security of
like tenor and terms of that series, provided that such Registered Security
shall be simultaneously surrendered for redemption.

     Notwithstanding anything herein to the contrary, the exchange of Bearer
Securities into Registered Securities shall be subject to applicable laws and
regulations in effect at the time of exchange; neither the Company, the Trustee
nor the Security Registrar shall exchange any Bearer Securities into Registered
Securities if it has received an Opinion of Counsel that as a result of such
exchanges the Company would suffer adverse consequences under the United States
Federal income tax laws and regulations then in effect and the Company has
delivered to the Trustee a Company Order directing the Trustee not to make such
exchanges thereafter unless and until the Trustee receives a subsequent Company
Order to the contrary. The Company shall deliver copies of such Company Orders
to the Security Registrar.

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<PAGE>

     Section 306. Mutilated, Destroyed, Lost and Stolen Debt Securities.

     If (i) any mutilated Debt Security or a Bearer Security with a mutilated
coupon appertaining to it is surrendered to a Paying Agent outside the United
States designated by the Company, or, in the case of any Registered Security, to
the Trustee, or (ii) the Company and the Trustee receive evidence to their
satisfaction of the destruction, loss or theft of any Debt Security or coupon,
and there is delivered to the Company and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then, in the absence
of notice to the Company and the Trustee that such Debt Security or coupon has
been acquired by a bona fide purchaser, the Company shall execute and upon its
written request the Trustee shall authenticate and deliver, in exchange for any
such mutilated Debt Security or Bearer Security with a mutilated coupon
appertaining to it or to which a destroyed, lost or stolen coupon appertains
(with all appurtenant coupons not destroyed, lost or stolen) or in lieu of any
such destroyed, lost or stolen Debt Security, a new Debt Security of like tenor
and terms and principal amount, bearing a number not contemporaneously
outstanding, with coupons corresponding to the coupons, if any, appertaining to
such destroyed, lost or stolen Debt Security or to the Debt Security to which
such destroyed, lost or stolen coupon appertains; provided, however, that any
such new Bearer Security will be delivered only in compliance with the
conditions set forth in Section 305.

     In case any such mutilated, destroyed, lost or stolen Debt Security or
coupon has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Debt Security, pay such Debt Security
or coupon; provided, however, that payment of principal of (and premium, if any)
and any interest on Bearer Securities shall, except as otherwise provided in
Section 1002, be payable only at an office or agency located outside the United
States; and provided, further, that, with respect to any such coupons, interest
represented thereby (but not any additional amounts payable as provided in
Section 1006), shall be payable only upon presentation and surrender of the
coupons appertaining thereto.

     Upon the issuance of any new Debt Security or coupons under this Section,
the Company may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee and printing expenses)
connected therewith.

     Every new Debt Security of any series, with its coupons, if any, issued
pursuant to this Section in lieu of any destroyed, lost or stolen Debt Security,
or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon
appertains, shall constitute an original additional contractual obligation of
the Company, whether or not the destroyed, lost or stolen Debt Security and its
coupons, if any, or the destroyed, lost or stolen coupon shall be at any time
enforceable by anyone, and any such new Debt Security and coupons, if any, shall
be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Debt Securities of that series and their coupons, if any,
duly issued hereunder.

     The provisions of this Section are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Debt Securities or coupons.

                                       29

<PAGE>

     Section 307. Payment of Interest; Interest Rights Preserved.

     Interest on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name that Registered Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest. In case a Bearer Security of any series is surrendered in
exchange for a Registered Security of such series after the close of business
(at an office or agency in a Place of Payment for such series) on any Regular
Record Date and before the opening of business (at such office or agency) on the
next succeeding Interest Payment Date, such Bearer Security shall be surrendered
without the coupon relating to such Interest Payment Date and interest will not
be payable on such Interest Payment Date in respect of the Registered Security
issued in exchange for such Bearer Security, but will be payable only to the
Holder of such coupon when due in accordance with the provisions of this
Indenture. At the option of the Company, payment of interest on any Registered
Security may be made by check in the currency designated for such payment
pursuant to the terms of such Registered Security mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or
by wire transfer to an account in such currency designated by such Person in
writing not later than ten days prior to the date of such payment.

     Any interest on any Registered Security of any series which is payable, but
is not punctually paid or duly provided for, on any Interest Payment Date
(herein called "Defaulted Interest") shall forthwith cease to be payable to the
registered Holder on the relevant Regular Record Date by virtue of his having
been such Holder, and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in Clause (1) or (2) below:

          (1) The Company may elect to make payment of any Defaulted Interest to
     the Persons in whose names the Registered Securities of such series (or
     their respective Predecessor Securities) are registered at the close of
     business on a Special Record Date for the payment of such Defaulted
     Interest, which shall be fixed in the following manner. The Company shall
     notify the Trustee in writing of the amount of Defaulted Interest proposed
     to be paid on each Registered Security of such series and the date of the
     proposed payment, and at the same time the Company shall deposit with the
     Trustee an amount of money and/or Government Obligations the payments of
     principal and interest on which when due (and without reinvestment) will
     provide money in such amounts as will (together with any money irrevocably
     deposited in trust with the Trustee, without investment) be equal to the
     aggregate amount proposed to be paid in respect of such Defaulted Interest
     or shall make arrangements satisfactory to the Trustee for such deposit
     prior to the date of the proposed payment, such money and/or Government
     Obligations when deposited to be held in trust for the benefit of the
     Persons entitled to such Defaulted Interest as in this Clause provided.
     Thereupon the Trustee shall fix a Special Record Date for the payment of
     such Defaulted Interest which shall be not more than 15 days and not less
     than 10 days prior to the date of the proposed payment and not less than 10
     days after the receipt by the Trustee of the notice of the proposed
     payment. The Trustee shall promptly notify the Company of such Special
     Record Date. Unless the Trustee is acting as the Security Registrar,
     promptly after such Special Record Date, the Company shall furnish the
     Trustee with a list, or shall make arrangements satisfactory to the Trustee
     with respect thereto, of the names and addresses of, and principal amounts
     of Registered Securities of such series held by, the Holders appearing on
     the Security Register at the close of business on such Special Record Date.
     In the name and at the expense of the Company, the Trustee

                                       30

<PAGE>

     shall cause notice of the proposed payment of such Defaulted Interest and
     the Special Record Date therefor to be mailed, first-class postage prepaid,
     to each Holder of Registered Securities of such series at his address as it
     appears in the Security Register, not less than 10 days prior to such
     Special Record Date. Notice of the proposed payment of such Defaulted
     Interest and the Special Record Date therefor having been mailed as
     aforesaid, such Defaulted Interest shall be paid to the Persons in whose
     names the Registered Securities of such series (or their respective
     Predecessor Securities) are registered at the close of business on such
     Special Record Date and shall no longer be payable pursuant to the
     following Clause (2). In case a Bearer Security of any series is
     surrendered at the office or agency in a Place of Payment for such series
     in exchange for a Registered Security of such series after the close of
     business at such office or agency on any Special Record Date and before the
     opening of business at such office or agency on the related proposed date
     for payment of Defaulted Interest, such Bearer Security shall be
     surrendered without the coupon relating to such proposed date of payment
     and Defaulted Interest will not be payable on such proposed date of payment
     in respect of the Registered Security issued in exchange for such Bearer
     Security, but will be payable only to the Holder of such coupon when due in
     accordance with the provisions of this Indenture.

          (2) The Company may make payment of any Defaulted Interest on the
     Registered Securities of any series in any other lawful manner not
     inconsistent with the requirements of any securities exchange on which the
     Registered Securities may be listed, and upon such notice as may be
     required by such exchange, if, after notice given by the Company to the
     Trustee of the proposed payment pursuant to this Clause, such manner of
     payment shall be deemed practicable by the Trustee.

     Subject to the foregoing provisions of this Section, each Debt Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Debt Security shall carry the rights to interest
accrued and unpaid, and to accrue, which were carried by such other Debt
Security.

     Subject to the limitations set forth in Section 1002, the Holder of any
coupon appertaining to a Bearer Security shall be entitled to receive the
interest payable on such coupon upon presentation and surrender of such coupon
on or after the Interest Payment Date of such coupon at an office or agency
maintained for such purpose pursuant to Section 1002.

     Section 308. Persons Deemed Owners.

     Prior to due presentment of a Registered Security for registration of
transfer, the Company, the Trustee and any agent of the Company or of the
Trustee may treat the Person in whose name such Registered Security is
registered as the owner of such Registered Security for the purpose of receiving
payment of principal of (and premium, if any) and (subject to Section 307)
interest on such Registered Security and for all other purposes whatsoever,
whether or not such Registered Security be overdue, and neither the Company, the
Trustee nor any agent of the Company or the Trustee shall be affected by notice
to the contrary.

     The Company, the Trustee and any agent of the Company or the Trustee may
treat the bearer of any Bearer Security and the bearer of any coupon as the
absolute owner of such Bearer Security or coupon for the purpose of receiving
payment thereof or on account thereof and for all other

                                       31

<PAGE>

purposes whatsoever, whether or not such Bearer Security or coupon be overdue,
and neither the Company, the Trustee nor any agent of the Company or the Trustee
shall be affected by notice to the contrary.

     None of the Company, the Trustee, any Paying Agent or the Security
Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership
interests of a Global Security or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests.

     Section 309. Cancellation.

     Unless otherwise provided with respect to a series of Debt Securities, all
Debt Securities and coupons surrendered for payment, redemption, repayment,
transfer, exchange or credit against any sinking fund payment pursuant to this
Indenture shall, if surrendered to the Company or any agent of the Company, be
delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities
previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and all Debt Securities so delivered shall be
promptly cancelled by the Trustee. No Debt Securities shall be authenticated in
lieu of or in exchange for any Debt Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled Debt
Securities and coupons held by the Trustee shall be destroyed and certification
of their destruction delivered to the Company unless by a Company Order the
Company shall direct that the cancelled Debt Securities or coupons be returned
to it.

     Section 310. Computation of Interest.

     Except as otherwise specified as contemplated by Section 301 for Debt
Securities of any series, interest on the Debt Securities of each series shall
be computed on the basis of a 360-day year of twelve 30-day months.

     Section 311. Certification by a Person Entitled to Delivery of a Bearer
Security.

     Whenever any provision of this Indenture or a Debt Security contemplates
that certification be given by a Person entitled to delivery of a Bearer
Security, such certification shall be provided substantially in the form of
Exhibit A-1 and, if applicable, A-2 hereto, with only such changes as shall be
approved by the Company and consented to by the Trustee, whose consent shall not
unreasonably be withheld.

     Section 312. Judgments.

     The Company agrees that, to the fullest extent possible under applicable
law and except as may otherwise be specified as contemplated in Section 301, (a)
the obligation, if any, of the Company to pay the principal of (and premium, if
any) and interest on the Debt Securities of any series and any appurtenant
coupons in a Foreign Currency, composite currency or Dollars (the "Designated
Currency") as may be specified pursuant to Section 301 is of the essence, and
judgments in respect of such Debt Securities shall be given in the Designated
Currency; (b) the obligation of the Company to make payments in the Designated
Currency of the principal of (and premium, if any) and interest on

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<PAGE>

such Debt Securities and any appurtenant coupons shall, notwithstanding any
payment in any other currency (whether pursuant to a judgment or otherwise), be
discharged only to the extent of the amount in the Designated Currency that the
Holder receiving such payment may, in accordance with normal banking procedures,
purchase with the sum paid in such other currency (after any premium and cost of
exchange) in the country of issue of the Designated Currency in the case of
Foreign Currency or Dollars or in the international banking community in the
case of a composite currency on the Business Day immediately following the day
on which such Holder receives such payment; (c) if the amount in the Designated
Currency that may be so purchased for any reason falls short of the amount
originally due, the Company shall pay such additional amounts as may be
necessary to compensate for such shortfall; and (d) any obligation of the
Company not discharged by such payment shall be due as a separate and
independent obligation and, until discharged as provided herein, shall continue
in full force and effect.

                                  ARTICLE FOUR

                           Satisfaction and Discharge

     Section 401. Satisfaction and Discharge of Indenture.

     This Indenture shall upon Company Request cease to be of further effect
(except as to any surviving rights of registration of transfer or exchange of
Debt Securities herein expressly provided for and rights to receive payments of
principal and interest thereon and any right to receive additional amounts, as
provided in Section 1006) and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture when

          (1) either

               (A) all Debt Securities theretofore authenticated and delivered
          and all coupons appertaining thereto (other than (i) coupons
          appertaining to Bearer Securities surrendered in exchange for
          Registered Securities and maturing after such exchange, surrender of
          which is not required or has been waived as provided in Section 305,
          (ii) Debt Securities and coupons which have been destroyed, lost or
          stolen and which have been replaced or paid as provided in Section
          306, (iii) coupons appertaining to Bearer Securities called for
          redemption or surrendered for repayment and maturing after the
          relevant Redemption Date or Repayment Date, as appropriate, surrender
          of which has been waived as provided in Section 1106 or 1303 and (iv)
          Debt Securities and coupons for whose payment money and/or Government
          Obligations have theretofore been deposited in trust or segregated and
          held in trust by the Company and thereafter repaid to the Company or
          discharged from such trust, as provided in Section 1003) have been
          delivered to the Trustee cancelled or for cancellation; or

               (B) all such Debt Securities not theretofore delivered to the
          Trustee for cancellation

                    (i) have become due and payable, or

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<PAGE>

                    (ii) will become due and payable at their Stated Maturity
               within one year, or

                    (iii) are to be called for redemption within one year under
               arrangements satisfactory to the Trustee for the giving of notice
               of redemption by the Trustee in the name, and at the expense, of
               the Company,

          and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above, has
          irrevocably deposited or caused to be deposited with the Trustee as
          trust funds in trust for the purpose money and/or Government
          Obligations the payments of principal and interest on which when due
          (and without reinvestment) will provide money in such amounts as will
          (together with any money irrevocably deposited in trust with the
          Trustee, without investment) be sufficient to pay and discharge the
          entire indebtedness on such Debt Securities and coupons of such series
          for principal (and premium, if any) and interest, and any mandatory
          sinking fund, repayment or analogous payments thereon, on the
          scheduled due dates therefor to the date of such deposit (in the case
          of Debt Securities and coupons which have become due and payable) or
          to the Stated Maturity or Redemption Date, if any, and all Repayment
          Dates (in the case of Debt Securities repayable at the option of the
          Holders thereof); provided, however, that in the event a petition for
          relief under any applicable Federal or state bankruptcy, insolvency,
          reorganization or other similar law is filed with respect to the
          Company within 91 days after the deposit, the obligations of the
          Company under the Indenture with respect to the Debt Securities of
          such series shall not be deemed terminated or discharged, and in such
          event the Trustee shall be required to return the deposited money and
          Government Obligations then held by the Trustee to the Company;

          (2) the Company has paid or caused to be paid all other sums payable
     hereunder by the Company; and

          (3) the Company has delivered to the Trustee an Officers' Certificate
     and an Opinion of Counsel each stating that all conditions precedent herein
     provided for relating to the satisfaction and discharge of this Indenture
     have been complied with.

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 607 and, if money or
Government Obligations shall have been deposited with the Trustee pursuant to
Subclause (B) of Clause (1) of this Section, the obligations of the Trustee
under Section 402 and the last paragraph of Section 1003 shall survive.

     Section 402. Application of Trust Money and Government Obligations.

     (a) Subject to the provisions of the last paragraph of Section 1003, all
money and Government Obligations deposited with the Trustee pursuant to Section
401, 403 or 1501 shall be held in trust and such money and the principal and
interest received on such Government Obligations shall be applied by it, in
accordance with the provisions of the Debt Securities, any coupons and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal

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<PAGE>

(and premium, if any) and interest for whose payment such money or Government
Obligations have been deposited with the Trustee.

     (b) The Trustee shall deliver or pay to the Company from time to time upon
Company Request any Government Obligations or money held by it as provided in
Section 403 or 1501 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, are then in excess of the amount thereof which then
would have been required to be deposited for the purpose for which such
Government Obligations or money were deposited or received.

     (c) The Trustee shall deliver to the Company from time to time upon Company
Request any Government Obligations held by it as provided in Section 403 or
1501, provided that the Company in substitution therefor simultaneously delivers
to the Trustee, money or other Government Obligations which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, would then be sufficient
to satisfy the Company's payment obligations in respect of the Debt Securities
in the manner contemplated by Section 403 or 1501.

     Section 403. Satisfaction, Discharge and Defeasance of Debt Securities of
any Series.

     If this Section 403 is specified, as contemplated by Section 301, to be
applicable to Debt Securities of any series, then, notwithstanding Section 401,
(i) the Company shall be deemed to have paid and discharged the entire
indebtedness on all the Outstanding Debt Securities of any such series and
related coupons; (ii) the provisions of this Indenture as it relates to such
Outstanding Debt Securities and related coupons shall no longer be in effect
(except as to (A) the rights of Holders of Debt Securities to receive, from the
trust fund described in subparagraph (1) below, payment of (x) the principal of
(and premium, if any) and any installment of principal of (and premium, if any)
or interest on such Debt Securities and related coupons on the Stated Maturity
of such principal (and premium, if any) or installment of principal (and
premium, if any) or interest or (y) any mandatory sinking fund, repayment or
analogous payments applicable to the Debt Securities of that series on that day
on which such payments are due and payable in accordance with the terms of this
Indenture and of such Debt Securities, (B) the Company's obligations with
respect to such Debt Securities under Sections 304, 305, 306, 1002, 1003 and
1006, and (C) the rights, powers, trusts, duties and immunities of the Trustee
hereunder, including those under Section 607 hereof); and (iii) the Trustee, at
the expense of the Company, shall, upon Company Order, execute proper
instruments acknowledging satisfaction and discharge of such indebtedness, when

          (1) either

               (A) with respect to all Outstanding Debt Securities of such
          series and related coupons, with reference to this Section 403, the
          Company has deposited or caused to be deposited with the Trustee
          irrevocably, as trust funds in trust, money and/or Government
          Obligations the payments of principal and interest on which when due
          (and without reinvestment) will provide money in such amounts as will
          (together with any money irrevocably deposited in trust with the
          Trustee, without investment) be sufficient to pay and discharge (i)
          the principal of (and premium, if any) and interest on

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<PAGE>

          the Outstanding Debt Securities of that series on the Stated Maturity
          of such principal or interest or, if such series may be redeemed by
          the Company prior to the Stated Maturity thereof and the Company shall
          have given irrevocable instructions to the Trustee to effect such
          redemption, at the date fixed for such redemption pursuant to Article
          Eleven, and (ii) any mandatory sinking fund payments or analogous
          payments applicable to Debt Securities of such series on the date on
          which such payments are due and payable in accordance with the terms
          of this Indenture and of such Debt Securities; or

               (B) the Company has properly fulfilled such other means of
          satisfaction and discharge as is specified, as contemplated by Section
          301, to be applicable to the Debt Securities of such series;

          (2) the Company has paid or caused to be paid all sums payable with
     respect to the Outstanding Debt Securities of such series and related
     coupons;

          (3) such deposit will not result in a breach of, or constitute a
     default under, this Indenture or any other agreement or instrument to which
     the Company is a party or by which it is bound;

          (4) no Event of Default or event which, with the giving of notice or
     lapse of time, or both, would become an Event of Default pursuant to
     Section 501(1), (2), (3), (6) or (7) with respect to the Debt Securities of
     such series shall have occurred and be continuing on the date of such
     deposit and no Event of Default under Section 501(6) or Section 501(7) or
     event which, with the giving of notice or lapse of time, or both, would
     become an Event of Default under Section 501(6) or Section 501(7) shall
     have occurred and be continuing on the 91st day after such date; provided,
     however, that should that condition fail to be satisfied on or before such
     91st day, the Trustee shall promptly, upon satisfactory receipt of evidence
     of such failure, return such deposit to the Company;

          (5) if the Debt Securities of that series are then listed on any
     domestic or foreign securities exchange, the Company shall have delivered
     to the Trustee an Opinion of Counsel to the effect that such deposit,
     defeasance and discharge will not cause such Debt Securities to be
     delisted; and

          (6) the Company has delivered to the Trustee an Officers' Certificate
     and an Opinion of Counsel, each stating that all conditions precedent
     herein provided for relating to the satisfaction and discharge of the
     entire indebtedness of all Outstanding Debt Securities and related coupons
     have been complied with.

     Any deposits with the Trustee referred to in Section 403(1)(A) above shall
be irrevocable and shall be made under the terms of an escrow or trust agreement
in form and substance satisfactory to the Trustee. If any Outstanding Debt
Securities of such series are to be redeemed prior to their Stated Maturity,
whether pursuant to any optional redemption provisions or in accordance with any
mandatory sinking fund requirement, the applicable escrow or trust agreement
shall provide therefor and the Company shall make such arrangements as are
satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Company.

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<PAGE>

     Upon the satisfaction of the conditions set forth in this Section 403 with
respect to all the Outstanding Debt Securities of any series, the terms and
conditions of such series, including the terms and conditions with respect
thereto set forth in this Indenture, shall no longer be binding upon, or
applicable to, the Company; provided that the Company shall not be discharged
from any payment obligations in respect of Debt Securities of such series which
are deemed not to be Outstanding under clause (iii) of the definition thereof if
such obligations continue to be valid obligations of the Company under
applicable law.

     Notwithstanding the cessation, termination and discharge of all
obligations, covenants and agreements (except as provided above in this Section
403) of the Company under this Indenture with respect to any series of Debt
Securities, the obligations of the Company to the Trustee under Section 607, and
the obligations of the Trustee under Section 402 and the last paragraph of
Section 1003, shall survive with respect to such series of Debt Securities.

                                  ARTICLE FIVE

                                    Remedies

     Section 501. Events of Default.

     "Event of Default", wherever used herein with respect to Debt Securities of
any series, means any one of the following events (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected
by operation of law, pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or governmental body):

          (1) default in the payment of any interest upon any Debt Security of
     such series when it becomes due and payable, and continuance of such
     default for a period of 30 days; or

          (2) default in the payment of the principal of (or premium, if any,
     on) any Debt Security of such series at its Maturity; or

          (3) default in the deposit of any sinking fund payment, when and as
     due by the terms of a Debt Security of such series; or

          (4) default in the performance, or breach, of any covenant or warranty
     of the Company in this Indenture (other than a covenant or warranty a
     default in whose performance or whose breach is elsewhere in this Section
     specifically dealt with or which has expressly been included in this
     Indenture solely for the benefit of Debt Securities of a series other than
     such series), and continuance of such default or breach for a period of 90
     days after there has been given by registered or certified mail, to the
     Company by the Trustee, or to the Company and the Trustee by the Holders of
     at least 25% in principal amount of the Outstanding Debt Securities of such
     series, a written notice specifying such default or breach and requiring it
     to be remedied and stating that such notice is a "Notice of Default"
     hereunder, or

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<PAGE>

          (5) a default under any Debt by the Company or any Subsidiary
     (including a default with respect to Debt Securities of any series other
     than that series) or under any Mortgage, indenture or instrument under
     which there may be issued or by which there may be secured or evidenced any
     Debt by the Company or any Subsidiary (including this Indenture), whether
     such Debt now exists or shall hereafter be created, which default shall
     have resulted in such Debt in an outstanding principal amount in excess of
     $50 million becoming or being declared due and payable prior to the date on
     which it would otherwise have become due and payable, without such
     acceleration having been rescinded or annulled, or such Debt having been
     discharged, within a period of 10 days after there shall have been given,
     by registered or certified mail, to the Company by the Trustee or to the
     Company and the Trustee by the Holders of at least 25% in principal amount
     of the Outstanding Securities of that series a written notice specifying
     such default and requiring the Company to cause such acceleration to be
     rescinded or annulled or cause such Debt to be discharged and stating that
     such notice is a "Notice of Default" hereunder; or

          (6) the entry by a court having jurisdiction in the premises of (A) a
     decree or order for relief in respect of the Company in an involuntary case
     or proceeding under any applicable Federal or state bankruptcy, insolvency,
     reorganization or other similar law or (B) a decree or order adjudging the
     Company a bankrupt or insolvent, or approving as properly filed a petition
     seeking reorganization, arrangement, adjustment or composition of or in
     respect of the Company under any applicable Federal or State law, or
     appointing a custodian, receiver, liquidator, assignee, trustee,
     sequestrator or other similar official of the Company or of any substantial
     part of its property, or ordering the winding up or liquidation of its
     affairs, and the continuance of any such decree or order for relief or any
     such other decree or order unstayed and in effect for a period of 90
     consecutive days; or

          (7) the commencement by the Company of a voluntary case or proceeding
     under any applicable Federal or state bankruptcy, insolvency,
     reorganization or other similar law or of any other case or proceeding to
     be adjudicated a bankrupt or insolvent, or the consent by it to the entry
     of a decree or order for relief in respect of the Company in an involuntary
     case or proceeding under any applicable Federal or state bankruptcy,
     insolvency, reorganization or other similar law or to the commencement of
     any bankruptcy or insolvency case or proceeding against it, or the filing
     by it of a petition or answer or consent seeking reorganization or relief
     under any applicable Federal or State law, or the consent by it to the
     filing of such petition or to the appointment of or taking possession by a
     custodian, receiver, liquidator, assignee, trustee, sequestrator or similar
     official of the Company or of any substantial part of its property, or the
     making by it of an assignment for the benefit of creditors, or the
     admission by it in writing of its inability to pay its debts generally as
     they become due, or the taking of corporate action by the Company in
     furtherance of any such action; or

          (8) any other Event of Default, if any, provided with respect to Debt
     Securities of such series specified as contemplated by Section 301.

     Section 502. Acceleration of Maturity; Rescission and Annulment.

     If an Event of Default with respect to Debt Securities of any series at the
time Outstanding occurs and is continuing, then and in every such case the
Trustee or the Holders of not less

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<PAGE>

than 25% in principal amount of Outstanding Debt Securities of such series may
declare the principal amount (or, if the Debt Securities of such series are
Original Issue Discount Securities, such portion of the principal amount as may
be specified in the terms of such series) of and all accrued but unpaid interest
on all the Debt Securities of such series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by such
Holders), and upon any such declaration such principal amount (or specified
amount) shall become immediately due and payable. Upon payment of such amount,
all obligations of the Company in respect of the payment of principal of the
Debt Securities of such series shall terminate.

     At any time after such a declaration of acceleration with respect to Debt
Securities of any series has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this
Article provided, the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series, by written notice to the Company and
the Trustee, may rescind and annul such declaration and its consequences if

          (1) the Company has paid or deposited with the Trustee a sum
     sufficient to pay

               (A) all overdue installments of interest on all Debt Securities
          of such series,

               (B) the principal of (and premium, if any, on) any Debt
          Securities of such series which have become due otherwise than by such
          declaration of acceleration and interest thereon at the rate or rates
          prescribed therefor in such Debt Securities,

               (C) to the extent that payment of such interest is lawful,
          interest upon overdue installments of interest at the rate or rates
          prescribed therefor in such Debt Securities, and

               (D) all sums paid or advanced by the Trustee hereunder and the
          reasonable compensation, expenses, disbursements and advances of the
          Trustee, its agents and counsel;

     and

          (2) all Events of Default with respect to Debt Securities of such
     series, other than the non-payment of the principal of Debt Securities of
     such series which have become due solely by such declaration of
     acceleration, have been cured or waived as provided in Section 513.

No such rescission shall affect any subsequent default or impair any right
consequent thereon.

     Section 503. Collection of Indebtedness and Suits for Enforcement by
Trustee.

     The Company covenants that if:

          (1) default is made in the payment of any installment of interest on
     any Debt Security when such interest becomes due and payable and such
     default continues for a period of 30 days, or

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<PAGE>

          (2) default is made in the payment of the principal of (or premium, if
     any, on) any Debt Security at the Maturity thereof,

the Company will, upon demand of the Trustee, pay to it, for the benefit of the
Holders of such Debt Securities and any related coupons, the amount then due and
payable on such Debt Securities and coupons for principal (and premium, if any)
and interest and, to the extent that payment of such interest shall be legally
enforceable, interest upon the overdue principal (and premium, if any) and upon
overdue installments of interest, at the rate or rates prescribed therefor in
such Debt Securities, and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel.

     If the Company fails to pay such amounts forthwith upon such demand, the
Trustee, in its own name and as trustee of an express trust, may institute a
judicial proceeding for the collection of the sums so due and unpaid, and may
prosecute such proceeding to judgment or final decree, and may enforce the same
against the Company or any other obligor upon such Debt Securities and coupons
and collect the moneys adjudged or decreed to be payable in the manner provided
by law out of the property of the Company or any other obligor upon such Debt
Securities and coupons, wherever situated.

     If an Event of Default with respect to Debt Securities of any series occurs
and is continuing, the Trustee may in its discretion proceed to protect and
enforce its rights and the rights of the Holders of Debt Securities of such
series and any related coupons by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this
Indenture or in aid of the exercise of any power granted herein, or to enforce
any other proper remedy.

     Section 504. Trustee May File Proofs of Claim.

     In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceedings, or any voluntary or involuntary case under the Federal
bankruptcy laws as now or hereafter constituted, relative to the Company or any
other obligor upon the Debt Securities of a particular series or any related
coupons or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of such Debt
Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand
on the Company for the payment of overdue principal or interest) shall be
entitled and empowered, by intervention in such proceedings or otherwise,

          (1) to file and prove a claim for the whole amount of principal (and
     premium, if any) and interest owing and unpaid in respect of the Debt
     Securities of such series and any appurtenant coupons and to file such
     other papers or documents as may be necessary or advisable in order to have
     the claims of the Trustee (including any claim for the reasonable
     compensation, expenses, disbursements and advances of the Trustee, its
     agents and counsel) and of the Holders allowed in such judicial proceeding,
     and

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<PAGE>

          (2) to collect and receive any moneys or other property payable or
     deliverable on any such claims and to distribute the same;

and any receiver, assignee, trustee, custodian, liquidator, sequestrator or
other similar official in any such proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 607.

     Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Debt
Securities or any coupons or the rights of any Holder thereof, or to authorize
the Trustee to vote in respect of the claim of any Holder in any such
proceeding.

     Section 505. Trustee May Enforce Claims without Possession of Debt
Securities or Coupons.

     All rights of action and claims under this Indenture or the Debt Securities
or coupons may be prosecuted and enforced by the Trustee without the possession
of any of the Debt Securities or coupons or the production thereof in any
proceeding relating thereto, and any such proceeding instituted by the Trustee
shall be brought in its own name, as trustee of an express trust, and any
recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, be for the ratable benefit of the Holders of the Debt Securities
and coupons in respect of which such judgment has been recovered.

     Section 506. Application of Money Collected.

     Any money collected by the Trustee pursuant to this Article shall be
applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal (and premium,
if any) or interest, upon presentation of the Debt Securities or any coupons, or
both, as the case may be, and the notation thereon of the payment if only
partially paid and upon surrender thereof if fully paid:

          FIRST: To the payment of all amounts due the Trustee under Section
     607;

          SECOND: To the payment of the amounts then due and unpaid for
     principal of (and premium, if any) and interest on the Debt Securities and
     any coupons, in respect of which or for the benefit of which such money has
     been collected ratably, without preference or priority of any kind,
     according to the amounts due and payable on such Debt Securities and any
     coupons for principal (and premium, if any) and interest, respectively. The
     Holders of each series of Debt Securities denominated in Euro, any other
     composite currency or a Foreign Currency and any matured coupons relating
     thereto shall be entitled to receive a ratable portion of the amount
     determined by the Exchange Rate Agent by converting the principal amount
     Outstanding of such series of Debt Securities and matured but unpaid
     interest on such series of Debt Securities in the currency in which such
     series of Debt Securities is denominated into Dollars at the Exchange Rate
     as of the date of declaration of acceleration of the Maturity of the Debt
     Securities; and

                                       41

<PAGE>

          THIRD: The balance, if any, to the Company.

     Section 507. Limitation on Suits.

     No Holder of any Debt Securities of any series or any related coupons shall
have any right to institute any proceeding, judicial or otherwise, with respect
to this Indenture, or for the appointment of a receiver or trustee, or for any
other remedy hereunder, unless

          (1) such Holder has previously given written notice to the Trustee of
     a continuing Event of Default with respect to the Debt Securities of such
     series;

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

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

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

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

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

     Section 508. Unconditional Right of Holders to Receive Principal, Premium
and Interest.

     Notwithstanding any other provision in this Indenture, the Holder of any
Debt Security or coupon shall have the right which is absolute and unconditional
to receive payment of the principal of (and premium, if any) and (subject to
Section 307) interest on such Debt Security or payment of such coupon on the
respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on the Redemption Date or
the Repayment Date, as the case may be) and to institute suit for the
enforcement of any such payment, and such right shall not be impaired without
the consent of such Holder.

     Section 509. Restoration of Rights and Remedies.

     If the Trustee or any Holder has instituted any proceedings to enforce any
right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason,

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<PAGE>

or has been determined adversely to the Trustee or to such Holder, then and in
every such case the Company, the Trustee and the Holders shall, subject to any
determination in such proceeding, be restored severally and respectively to
their former positions hereunder, and thereafter all rights and remedies of the
Trustee and the Holders shall continue as though no such proceeding had been
instituted.

     Section 510. Rights and Remedies Cumulative.

     Except as otherwise provided in Section 306, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the
extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

     Section 511. Delay or Omission Not Waiver.

     No delay or omission of the Trustee or of any Holder of any Debt Security
or coupon to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event
of Default or an acquiescence therein. Every right and remedy given by this
Article or by law to the Trustee or to the Holders may be exercised from time to
time, and as often as may be deemed expedient, by the Trustee or by the Holders,
as the case may be.

     Section 512. Control by Holders of Debt Securities.

     The Holders of a majority in principal amount of the Outstanding Debt
Securities of any series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or
exercising any trust or power conferred on the Trustee with respect to the Debt
Securities of such series, provided, that

          (1) such direction shall not be in conflict with any rule of law or
     with this Indenture;

          (2) subject to the provisions of Section 601, the Trustee shall have
     the right to decline to follow any such direction if the Trustee in good
     faith shall, by a Responsible Officer or Responsible Officers of the
     Trustee, determine that the proceedings so directed would be unjustly
     prejudicial to the Holders of Debt Securities of such series not joining in
     any such direction; and

          (3) the Trustee may take any other action deemed proper by the Trustee
     which is not inconsistent with such direction.

     Section 513. Waiver of Past Defaults.

     The Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of any series may on behalf of the Holders of all
the Debt Securities of any such series and

                                       43

<PAGE>

any related coupons waive any past default hereunder with respect to such series
and its consequences, except a default

          (1) in the payment of the principal of (or premium, if any) or
     interest on any Debt Security of such series, or

          (2) in respect of a covenant or provision hereof which under Article
     Nine cannot be modified or amended without the consent of the Holder of
     each Outstanding Debt Security of such series affected.

     Upon any such waiver, such default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture; but no such waiver shall extend to any subsequent or other
default or impair any right consequent thereon.

     Section 514. Undertaking for Costs.

     All parties to this Indenture agree, and each Holder of any Debt Security
or coupon by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any
right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that
such court may in its discretion assess reasonable costs, including reasonable
attorneys' fees, against any party litigant in such suit, having a due regard to
the merits and good faith of the claims or defenses made by such party litigant,
but the provisions of this Section shall not apply to any suit instituted by the
Company or the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 25% in principal amount of the
Outstanding Debt Securities of any series, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of (or premium, if
any) or interest on any Debt Security or the payment of any coupons on or after
the respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on or after the Redemption
Date or Repayment Date, as the case may be).

     Section 515. Waiver of Stay or Extension Laws.

     The Company covenants (to the extent that it may lawfully do so) that it
will not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law whenever enacted,
now or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefits or advantage of any such
law, and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.

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                                   ARTICLE SIX

                                   The Trustee

     Section 601. Certain Duties and Responsibilities.

     Except during the continuance of an Event of Default, the Trustee's duties
and responsibilities under this Indenture shall be governed by the Trust
Indenture Act. In case an Event of Default has occurred and is continuing, the
Trustee shall exercise the rights and powers vested in it by this Indenture, and
shall use the same degree of care and skill in their exercise, as a prudent
person would exercise or use under the circumstances in the conduct of their own
affairs. Notwithstanding the foregoing, no provision of this Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the
exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it. Whether or not therein expressly
so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section.

     Section 602. Notice of Default.

     If a default occurs hereunder with respect to Debt Securities of any series
the Trustee shall transmit by mail to all Holders of Debt Securities of such
series notice of such default as and to the extent provided by the Trust
Indenture Act; provided, however, that in the case of any default of the
character specified in Section 501(4) with respect to Debt Securities of such
series no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term "default" means
any event which is, or after notice or lapse of time or both would become, an
Event of Default with respect to Debt Securities of such series.

     Section 603. Certain Rights of Trustee.

     Except as otherwise provided in Section 601:

          (a) the Trustee may rely and shall be protected in acting or
     refraining from acting upon any signature, resolution, certificate,
     statement, instrument, opinion, report, notice, request, direction,
     consent, order, bond, debenture, note, coupon or other paper or document
     believed by it to be genuine and to have been signed or presented by the
     proper party or parties;

          (b) any request or direction of the Company mentioned herein shall be
     sufficiently evidenced by a Company Request or Company Order and any
     resolution of the Board of Directors shall be sufficiently evidenced by a
     Board Resolution;

          (c) whenever in the administration of this Indenture the Trustee shall
     deem it desirable that a matter be proved or established prior to taking,
     suffering or omitting any action hereunder, the Trustee (unless other
     evidence be herein specifically prescribed) may, in the absence of bad
     faith on its part, rely upon an Officers' Certificate;

                                       45

<PAGE>

          (d) the Trustee may consult with counsel 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;

          (e) the Trustee shall be under no obligation to exercise any of the
     rights or powers vested in it by this Indenture at the request or direction
     of any of the Holders of Debt Securities of such series or any related
     coupons pursuant to this Indenture, unless such Holders shall have offered
     to the Trustee reasonable security or indemnity against the costs, expenses
     and liabilities which might be incurred by it in compliance with such
     request or direction;

          (f) the Trustee shall not be bound to make any investigation into the
     facts or matters stated in any resolution, certificate, statement,
     instrument, opinion, report, notice, request, direction, consent, order,
     bond, debenture, note, coupon, other evidence of indebtedness or other
     paper or document, but the Trustee, in its discretion, may make such
     further inquiry or investigation into such facts or matters as it may see
     fit, and, if the Trustee shall determine to make such further inquiry or
     investigation, it shall be entitled to examine the books, records and
     premises of the Company, personally or by agent or attorney, other than any
     such books or records containing information as to the affairs of the
     customers of the Company or any of its subsidiaries; provided that the
     Trustee may examine such books and records relating to customers to the
     extent that such books and records contain information as to any payments
     made to such customers in their capacity as Holders of Debt Securities;
     provided, further, that the Trustee shall treat all information regarding
     the Company which it receives pursuant to this Indenture and its duties
     hereunder as confidential and shall not disclose such information unless
     necessary in order to fulfill its duties under this Indenture or the Trust
     Indenture Act; and

          (g) the Trustee may execute any of the trusts or powers hereunder or
     perform any duties hereunder either directly or by or through agents or
     attorneys and the Trustee shall not be responsible for any misconduct or
     negligence on the part of any agent or attorney appointed with due care by
     it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or
     Paying Agent shall be deemed an agent of the Trustee and the Trustee shall
     not be responsible for any act or omission by any of them.

     Section 604. Not Responsible for Recitals or Issuance of Debt Securities.

     The recitals contained herein and in the Debt Securities, except the
Trustee's certificates of authentication, and in any coupons, and the
information in any registration statement, including all attachments thereto,
except information provided by the Trustee therein, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or of the Debt Securities of any series or any
coupons. The Trustee shall not be accountable for the use or application by the
Company of any Debt Securities or the proceeds thereof. The Trustee shall not be
responsible for and makes no representations as to the Company's ability or
authority to issue Bearer Securities or the lawfulness thereof.

                                       46

<PAGE>

     Section 605. May Hold Debt Securities or Coupons.

     The Trustee, any Paying Agent, the Security Registrar or any other agent of
the Company or the Trustee, in its individual or any other capacity, may become
the owner or pledgee of Debt Securities and coupons, and, subject to Sections
608 and 613, may otherwise deal with the Company with the same rights it would
have if it were not Trustee, Paying Agent, Security Registrar or such agent.

     Section 606. Money Held in Trust.

     Money held by the Trustee or any Paying Agent in trust hereunder need not
be segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be under any liability for interest on any
money received by it hereunder except as otherwise agreed with the Company.

     Section 607. Compensation and Reimbursement.

     The Company agrees

          (1) to pay to the Trustee from time to time reasonable compensation
     for all services rendered by it hereunder which shall have from time to
     time been separately agreed to by the Company and the Trustee in writing
     (which compensation shall not be limited by any provision of law in regard
     to the compensation of a trustee of an express trust);

          (2) except as otherwise expressly provided herein, to reimburse the
     Trustee upon its request for all reasonable expenses, disbursements and
     advances incurred or made by the Trustee in accordance with any provision
     of this Indenture (including the reasonable compensation and the expenses
     and disbursements of its agents and counsel), except any such expense,
     disbursement or advance as may be attributable to its negligence or bad
     faith; and

          (3) to indemnify the Trustee for, and to hold it harmless against, any
     loss, liability or expense incurred without negligence or bad faith on its
     part, arising out of or in connection with the acceptance or administration
     of this trust or performance of its duties hereunder, including the
     reasonable costs and expenses of defending itself against any claim or
     liability in connection with the exercise or performance of any of its
     powers or duties hereunder.

     The Trustee shall promptly notify the Company of any claim for which it may
seek indemnification pursuant to the provisions of this Indenture. The Company
shall be entitled to participate in, and to the extent that it shall wish, to
assume the defense of such claim, with counsel satisfactory to the Trustee (and
the Trustee shall cooperate in the defense thereof), and after notice from the
Company to the Trustee of the Company's election so to assume the defense
thereof, the Company shall not be liable to the Trustee under this Indenture for
any legal or other expenses subsequently incurred by the Trustee in connection
with the defense thereof other than reasonable costs of investigation. The
Company shall not be obligated under any settlement agreement relating to any
claim under this Indenture to which it has not agreed in writing.

                                       47

<PAGE>

     As security for the performance of the obligations of the Company under
this Section the Trustee shall have a claim prior to the Debt Securities and any
coupons upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the payment of principal of (and premium, if any)
or interest on particular Debt Securities or any coupons.

     The provisions of this Section 607 shall survive the resignation or removal
of the Trustee and the termination of this Indenture.

     Section 608. Disqualification; Conflicting Interests.

     If the Trustee has or shall acquire any conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by, and subject to
the provisions of, the Trust Indenture Act and this Indenture. To the extent
permitted by such Act, the Trustee shall not be deemed to have a conflicting
interest with respect to Debt Securities of any series by virtue of being a
trustee under this Indenture with respect to any particular series of Debt
Securities.

     Section 609. Corporate Trustee Required; Eligibility.

     There shall at all times be a Trustee hereunder which shall be a
corporation that is eligible pursuant to the Trust Indenture Act to act as such
and organized and doing business under the laws of the United States, any State
thereof or the District of Columbia, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least
$5,000,000, and subject to supervision or examination by Federal or State
authority; provided, however, that if Section 310(a) of the Trust Indenture Act
or the rules and regulations of the Commission under the Trust Indenture Act at
any time permit a corporation organized and doing business under the laws of any
other jurisdiction to serve as trustee of an indenture qualified under the Trust
Indenture Act, this Section 609 shall be automatically amended to permit a
corporation organized and doing business under the laws of any such other
jurisdiction to serve as Trustee hereunder. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for the purposes of
this Section, the combined capital and surplus of such corporation shall be
deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this
Article.

     Section 610. Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a
successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee under Section 611.

     (b) The Trustee may resign at any time with respect to the Debt Securities
of one or more series by giving written notice thereof to the Company. If an
instrument of acceptance by a successor Trustee shall not have been delivered to
the Trustee within 30 days after the giving of such notice of resignation, the
resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Debt Securities of such
series.

                                       48

<PAGE>

     (c) The Trustee may be removed at any time with respect to the Debt
Securities of any series by Act of the Holders of a majority in principal amount
of the Outstanding Debt Securities of such series, delivered to the Trustee and
to the Company.

     (d) If at any time:

          (1) the Trustee shall fail to comply with Section 608 with respect to
     the Debt Securities of any series after written request therefor by the
     Company or by any Holder who has been a bona fide Holder of a Debt Security
     of such series for at least six months, or

          (2) the Trustee shall cease to be eligible under Section 609 with
     respect to any series of Debt Securities and shall fail to resign after
     written request therefor by the Company or by any such Holder, or

          (3) the Trustee shall become incapable of acting with respect to any
     series of Debt Securities or a decree or order for relief by a court having
     jurisdiction in the premises shall have been entered in respect of the
     Trustee in an involuntary case under the Federal bankruptcy laws, as now or
     hereafter constituted, or any other applicable Federal or State bankruptcy,
     insolvency or similar law; or a decree or order by a court having
     jurisdiction in the premises shall have been entered for the appointment of
     a receiver, custodian, liquidator, assignee, trustee, sequestrator or other
     similar official of the Trustee or of its property or affairs, or any
     public officer shall take charge or control of the Trustee or of its
     property or affairs for the purpose of rehabilitation, conservation,
     winding up or liquidation, or

          (4) the Trustee shall commence a voluntary case under the Federal
     bankruptcy laws, as now or hereafter constituted, or any other applicable
     Federal or State bankruptcy, insolvency or similar law or shall consent to
     the appointment of or taking possession by a receiver, custodian,
     liquidator, assignee, trustee, sequestrator or other similar official of
     the Trustee or its property or affairs, or shall make an assignment for the
     benefit of creditors, or shall admit in writing its inability to pay its
     debts generally as they become due, or shall take corporate action in
     furtherance of any such action,

then, in any such case, (i) the Company by a Board Resolution may remove the
Trustee with respect to such series at any time or (ii) subject to Section 514,
any Holder who has been a bona fide Holder of a Debt Security of any series for
at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee for
the Debt Securities of such series and the appointment of a successor Trustee.
In addition, the Company may remove the Trustee if the Company shall determine
by a Board Resolution that the services provided by the Trustee hereunder may be
obtained at a substantially lower cost to the Company.

     (e) If the Trustee shall resign, be removed or become incapable of acting
with respect to any series of Debt Securities, or if a vacancy shall occur in
the office of Trustee for any cause, with respect to the Debt Securities of one
or more series, the Company, by a Board Resolution, shall promptly appoint a
successor Trustee or Trustees with respect to the Debt Securities of that or
those series (it being understood that any such successor Trustee may be
appointed with respect to the Debt Securities of one or more or all of such
series and that at any time there shall be only one Trustee

                                       49

<PAGE>

with respect to the Debt Securities of any particular series) and shall comply
with the applicable requirements of Section 611. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a
successor Trustee with respect to the Debt Securities of any series shall be
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series delivered to the Company and the
retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment, become the successor Trustee with respect to the
Debt Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the
Debt Securities of any series shall have been so appointed by the Company or the
Holders and accepted appointment in the manner hereinafter provided, any Holder
who has been a bona fide Holder of a Debt Security of such series for at least
six months may, subject to Section 514, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Debt Securities of such
series.

     (f) The Company shall give notice of each resignation and each removal of
the Trustee with respect to the Debt Securities of any series and each
appointment of a successor Trustee with respect to the Debt Securities of any
series by mailing written notice of such event by first-class mail, postage
prepaid, to the Holders of Registered Securities, if any, of such series as
their names and addresses appear in the Security Register and, if Debt
Securities of such series are issuable as Bearer Securities, by publishing
notice of such event once in an Authorized Newspaper in each Place of Payment
located outside the United States. Each notice shall include the name of the
successor Trustee with respect to the Debt Securities of such series and the
address of its Corporate Trust Office.

     Section 611. Acceptance of Appointment by Successor.

     (a) In the case of an appointment hereunder of a successor Trustee with
respect to all Debt Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee; but, on request of
the Company or the successor Trustee, such retiring Trustee shall, upon payment
of its charges due under Section 607 hereof, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the
retiring Trustee, and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder.

     (b) In the case of the appointment hereunder of a successor Trustee with
respect to the Debt Securities of one or more (but not all) series, the Company,
the retiring Trustee upon payment of its charges and each successor Trustee with
respect to the Debt Securities of one or more series shall execute and deliver
an indenture supplemental hereto wherein each successor Trustee shall accept
such appointment and which (1) shall contain such provisions as shall be
necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Debt Securities of that or those series to which the
appointment of such successor Trustee relates, (2) if the retiring Trustee is
not retiring with respect to all Debt Securities, shall contain such provisions
as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt
Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring

                                       50

<PAGE>

Trustee, and (3) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the
trusts hereunder by more than one Trustee, it being understood that nothing
herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of
such supplemental indenture, the resignation or removal of the retiring Trustee
shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Debt Securities of that or those series to which the appointment of such
successor Trustee relates; but, on the request of the Company or any successor
Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder
with respect to the Debt Securities of that or those series to which the
appointment of such successor Trustee relates.

     (c) Upon request of any such successor Trustee, the Company shall execute
any and all instruments for more fully and certainly vesting in and confirming
to such successor Trustee all such rights, powers and trusts referred to in
paragraph (a) or (b) of this Section, as the case may be.

     (d) No successor Trustee shall accept its appointment unless at the time of
such acceptance such successor Trustee shall be qualified and eligible under
this Article.

     Section 612. Merger, Conversion, Consolidation or Succession to Business.

     Any corporation into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all of the corporate trust
business of the Trustee, shall, with the written approval of the Company, be the
successor of the Trustee hereunder, provided such corporation shall be otherwise
qualified and eligible under this Article, without the executing or filing of
any paper or any further act on the part of any of the parties hereto. In case
any Debt Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion, consolidation or
sale to such authenticating Trustee may adopt such authentication and deliver
the Debt Securities so authenticated with the same effect as if such successor
Trustee had itself authenticated such Debt Securities. In case any Debt
Securities shall not have been authenticated by such predecessor Trustee, any
such successor Trustee may authenticate and deliver such Debt Securities, in
either its own name or that of its predecessor Trustee, with the full force and
effect which this Indenture provides for the certificate of authentication of
the Trustee. If the Trustee's successor by merger, conversion, consolidation or
sale shall not have received the written approval of the Company, such successor
shall resign within 20 days after the merger, conversion, consolidation or sale
and such vacancy in the office of the Trustee shall be filled in the manner
specified in Section 610.

     Section 613. Preferential Collection of Claims Against Company.

     If and when the Trustee shall be or shall become a creditor, directly or
indirectly, secured or unsecured, of the Company (or any other obligor upon the
Debt Securities), the Trustee shall be subject to the provisions of the Trust
Indenture Act regarding collection of claims against the Company (or any such
other obligor).

                                       51

<PAGE>

     Section 614. Authenticating Agent.

     The Trustee shall upon Company request appoint one or more Authenticating
Agents (including, without limitation, the Company or any Affiliate thereof)
with respect to one or more series of Debt Securities which shall be authorized
on behalf of the Trustee in authenticating Debt Securities of such series in
connection with the issue, delivery, registration of transfer, exchange, partial
redemption or repayment of such Debt Securities. Wherever reference is made in
this Indenture to the authentication of Debt Securities by the Trustee or the
Trustee's certificate of authentication, such reference shall be deemed to
include authentication on behalf of the Trustee by an Authenticating Agent and a
certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent must be acceptable to the
Company and, in the case of Registered Securities, must be a corporation
organized and doing business under the laws of the United States or of any State
or the District of Columbia, having a combined capital and surplus of at least
$1,000,000, authorized under such laws to do a trust business and subject to
supervision or examination by Federal or State authorities, and in the case of
Bearer Securities and an authenticating agent who is not organized and doing
business under the laws of the United States or of any State thereof or the
District of Columbia, is subject to supervision or examination by the
appropriate foreign authorities.

     Any corporation succeeding to the corporate agency business of an
authenticating agent shall continue to be an authenticating agent without the
execution or filing of any paper or any further act on the part of the Trustee
or such authenticating agent.

     An authenticating agent may at any time resign with respect to one or more
series of Debt Securities by giving written notice of resignation to the Trustee
and to the Company. The Trustee may at any time terminate the agency of any
authenticating agent with respect to one or more series of Debt Securities by
giving written notice of termination to such authenticating agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination,
or in case at any time an authenticating agent shall cease to be eligible in
accordance with the provisions of this Section, the Trustee may appoint a
successor authenticating agent. Any successor authenticating agent upon
acceptance of its appointment hereunder shall become vested with all rights,
powers and duties of its predecessor hereunder, with like effect as if
originally named as an authenticating agent herein. No successor authenticating
agent shall be appointed unless eligible under the provisions of this Section.

     The Trustee agrees to pay to each authenticating agent from time to time
reasonable compensation for its services under this Section, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions
of Section 607.

     The provisions of Sections 104, 111, 306, 309, 603, 604 and 605 shall be
applicable to any authenticating agent.

     Pursuant to each appointment made under this Section, the Debt Securities
of each series covered by such appointment may have endorsed thereon, in lieu of
the Trustee's certificate of authentication, an alternate certificate of
authentication in substantially the following form:

                                       52

<PAGE>

     This is one of the Debt Securities, of the series designated herein,
described in the within-mentioned Indenture.

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

      By
         ---------------------------------------
         As Authenticating Agent for the Trustee

      By
         ---------------------------------------
         Authorized Officer

                                  ARTICLE SEVEN

                Holders' Lists and Reports By Trustee and Company

     Section 701. Company to Furnish Trustee Names and Addresses of Holders.

     The Company will furnish or cause to be furnished to the Trustee with
respect to Debt Securities of each series for which it acts as Trustee:

          (1) semi-annually, not later than May 15 and November 15 in each year,
     a list, in such form as the Trustee may reasonably require, of the names
     and addresses of the Holders of Registered Securities as of the preceding
     May 1 or November 1, as the case may be, and

          (2) at such other times as the Trustee may request in writing, within
     30 days after the receipt by the Company of any such request, a list of
     similar form and content as of a date not more than 15 days prior to the
     time such list is furnished;

provided, however, that if and so long as the Trustee shall be the Security
Registrar, no such list need be furnished.

     Section 702. Preservation of Information; Communications to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders of Registered Securities
contained in the most recent list furnished to the Trustee as provided in
Section 701 and the names and addresses of Holders of Registered Securities
received by the Trustee in its capacity as Paying Agent or Security Registrar,
if so acting. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished. The Trustee shall preserve
for at least two years the names and addresses of Holders of Bearer Securities
filed with the Trustee by such Holders.

                                       53

<PAGE>

     (b) The rights of Holders to communicate with other Holders with respect to
their rights under this Indenture or under the Debt Securities, and the
corresponding rights and privileges of the Trustee, shall be as provided by the
Trust Indenture Act.

     (c) Every Holder of Debt Securities or coupons, by receiving and holding
the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee shall be held accountable by reason of any disclosure of information
as to the names and addresses of the Holders made pursuant to the Trust
Indenture Act.

     Section 703. Reports by Trustee.

     (a) Within 60 days after May 15 of each year commencing with the first May
15 after the first issuance of Debt Securities pursuant to this Indenture and at
any other time required by the Trust Indenture Act, the Trustee shall transmit
to Holders such reports concerning the Trustee and its actions under this
Indenture and such other matters as may be required pursuant to the Trust
Indenture Act in the manner required by the Trust Indenture Act.

     (b) A copy of each such report shall, at the time of such transmission to
Holders, be filed by the Trustee with each stock exchange upon which any Debt
Securities of such series are listed, with the Commission and also with the
Company. The Company will notify the Trustee when any series of Debt Securities
are listed on any stock exchange.

     Section 704. Reports by Company.

     The Company shall file with the Trustee and the Commission, and transmit to
Holders such information, documents and other reports, and such summaries
thereof, as may be required pursuant to the Trust Indenture Act at the time and
in the manner pursuant to such Act; provided that such information, documents or
reports required to be filed with the Commission pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 shall be filed with the
Trustee within 15 days after the same is so required to be filed with the
Commission.

                                  ARTICLE EIGHT

              Consolidation, Merger, Conveyance, Transfer or Lease

     Section 801. Company May Consolidate, etc. Only on Certain Terms.

     The Company shall not consolidate with or merge into any other corporation
or convey, transfer or lease its properties and assets substantially as an
entirety to any Person, and the Company shall not permit any Person to
consolidate with or merge into the Company, or convey, transfer or lease its
properties and assets substantially as an entirety to the Company, unless:

          (1) in case the Company shall consolidate with or merge into another
     corporation or convey, transfer or lease its properties and assets
     substantially as an entirety to any Person, the corporation formed by such
     consolidation or into which the Company is merged or the Person which
     acquires by conveyance or transfer, or which leases, the properties and
     assets of

                                       54

<PAGE>

     the Company substantially as an entirety shall be a corporation organized
     and existing under the laws of the United States of America, any political
     subdivision thereof or any State thereof and shall expressly assume, by an
     indenture supplemental hereto, executed and delivered to the Trustee, in
     form satisfactory to the Trustee, the due and punctual payment of the
     principal of (and premium, if any) and interest (including all additional
     amounts, if any, payable pursuant to Section 1006) on all the Debt
     Securities and the performance of every covenant of this Indenture on the
     part of the Company to be performed or observed;

          (2) immediately after giving effect to such transaction, no Event of
     Default, and no event which, after notice or lapse of time, or both, would
     become an Event of Default, shall have happened and be continuing; and

          (3) the Company has delivered to the Trustee an Officers' Certificate
     and an Opinion of Counsel each stating that such consolidation, merger,
     conveyance, transfer or lease and such supplemental indenture comply with
     this Article and that all conditions precedent herein provided for relating
     to such transaction have been met.

     Section 802. Successor Corporation Substituted.

     Upon any consolidation with or merger into any other corporation, or any
conveyance, transfer or lease of the properties and assets of the Company
substantially as an entirety in accordance with Section 801, the successor
corporation formed by such consolidation or into which the Company is merged or
to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if such successor had been named as the
Company herein, and thereafter, except in the case of a lease, the Company
(which term for this purpose shall mean the Person named as the "Company" in the
first paragraph of this instrument or any successor corporation which shall
theretofore have become such in the manner presented in this Article) shall be
relieved of all obligations and covenants under this Indenture and the Debt
Securities and any coupons.

     Section 803. Conveyance or Transfer to a Wholly-owned Restricted
Subsidiary.

     Notwithstanding the provisions of Sections 801 and 802, and without any
requirement of complying with any of such provisions, the Company may convey or
transfer its properties and assets substantially as an entirety to another
corporation organized and existing under the laws of the United States of
America or any State or the District of Columbia which is lawfully entitled to
acquire the same; provided, however, that immediately after giving effect to
such conveyance or transfer and to the receipt of the consideration therefor (i)
such other corporation shall be a Wholly-owned Restricted Subsidiary, and (ii)
the Company shall be permitted to become liable for an increased amount of
Secured Debt under the provisions of paragraph (a) of Section 1008, and prior to
such conveyance or transfer there shall have been filed with the Trustee an
Officers' Certificate to the effect that the requirements of the preceding
clauses (i) and (ii) will be complied with in connection with such conveyance or
transfer.

                                       55

<PAGE>

                                  ARTICLE NINE

                             Supplemental Indentures

     Section 901. Supplemental Indentures without Consent of Holders.

     Without the consent of any Holders, the Company, when authorized by a Board
Resolution, and the Trustee, at any time and from time to time, may enter into
one or more indentures supplemental hereto, in form satisfactory to the Trustee,
for any of the following purposes:

          (1) to evidence the succession of another corporation to the Company,
     and the assumption by such successor of the covenants of the Company herein
     and in the Debt Securities contained; or

          (2) to add to the covenants of the Company, for the benefit of the
     Holders of all or any series of Debt Securities (and if such covenants are
     to be for the benefit of less than all series of Debt Securities, stating
     that such covenants are expressly being included solely for the benefit of
     such series) or any coupons, to convey, transfer, assign, mortgage or
     pledge any property to or with the Trustee, or to surrender any right or
     power herein conferred upon the Company; or

          (3) to add any additional Events of Default (and if such Events of
     Default are to be applicable to less than all series of Debt Securities,
     stating that such Events of Default are expressly being included solely to
     be applicable to such series); or

          (4) to add to, change or eliminate any of the provisions of this
     Indenture to provide that Bearer Securities may be registrable as to
     principal, to change or eliminate any restrictions on the payment of
     principal of (or premium, if any, on) Registered Securities or of principal
     of (or premium, if any, on) or any interest on Bearer Securities, to permit
     Bearer Securities to be issued in exchange for Registered Securities of
     other authorized denominations or to permit or facilitate the issuance of
     Debt Securities in uncertificated form, provided any such action shall not
     adversely affect the interests of the Holders of Debt Securities of any
     series or any related coupons in any material respect; or

          (5) to change or eliminate any of the provisions of this Indenture,
     provided that any such change or elimination (a) shall become effective
     only when there is no Debt Security Outstanding of any series created prior
     to the execution of such supplemental indenture which is entitled to the
     benefit of such provisions or (b) shall not apply to any Debt Security
     Outstanding; or

          (6) to establish the form or terms of Debt Securities of any series as
     permitted by Sections 201 and 301; or

          (7) to secure the Debt Securities pursuant to the requirements of
     Section 1008 or otherwise; or

                                       56

<PAGE>

          (8) to evidence and provide for the acceptance of appointment
     hereunder by a successor Trustee with respect to the Debt Securities of one
     or more series and to add to or change any of the provisions of this
     Indenture as shall be necessary to provide for or facilitate the
     administration of the trusts hereunder by more than one Trustee, pursuant
     to the requirements of Section 611(b); or

          (9) to cure any ambiguity, to correct or supplement any provision
     herein which may be defective or inconsistent with any other provision
     herein, or to make any other provisions with respect to matters or
     questions arising under this Indenture which shall not be inconsistent with
     any provision of this Indenture, provided such other provisions shall not
     adversely affect the interests of the Holders of Debt Securities of any
     series or any related coupons in any material respect; or

          (10) to add to or change or eliminate any provision of this Indenture
     as shall be necessary or desirable in accordance with any amendments to the
     Trust Indenture Act, provided such action shall not adversely affect the
     interest of Holders of Debt Securities of any series or any related coupons
     in any material respect.

     Section 902. Supplemental Indentures with Consent of Holders.

     With the consent of the Holders of not less than a majority in principal
amount of the Outstanding Debt Securities of all series affected by such
supplemental indenture, acting together as a class, by Act of said Holders
delivered to the Company and the Trustee, the Company, when authorized by a
Board Resolution, and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture or of
modifying in any manner the rights under this Indenture of the Holders of such
Debt Securities of such series and any related coupons; provided, however, that
no such supplemental indenture shall, without the consent of the Holder of each
Outstanding Debt Security or coupon affected thereby,

          (1) change the Stated Maturity of the principal or any installment of
     principal of, or any installment of interest on, any Debt Security, or
     reduce the principal amount thereof or the interest thereon or any premium
     payable upon redemption or repayment thereof, or change any obligation of
     the Company to pay additional amounts pursuant to Section 1006 (except as
     contemplated by Section 801(1) and permitted by Section 901(1)), or reduce
     the amount of the principal of an Original Issue Discount Security that
     would be due and payable upon a declaration of acceleration of the Maturity
     thereof pursuant to Section 502, or change any Place of Payment, or the
     coin or currency in which any Debt Security or the interest thereon or any
     coupon is payable, or impair the right to institute suit for the
     enforcement of any such payment on or after the Stated Maturity thereof
     (or, in the case of redemption or repayment, on or after the Redemption
     Date or Repayment Date, as the case may be), or

          (2) reduce the percentage in principal amount of the Outstanding Debt
     Securities of any series, the consent of whose Holders is required for any
     such supplemental indenture, or the consent of whose Holders is required
     for any waiver (of compliance with certain provisions of this Indenture or
     certain defaults hereunder and their consequences) provided for in this
     Indenture, or reduce the requirements of Section 1404 for quorum or voting,
     or

                                       57

<PAGE>

          (3) modify any of the provisions of this Section, Section 513 or
     Section 1012, except to increase any such percentage or to provide that
     certain other provisions of this Indenture cannot be modified or waived
     without the consent of the Holder of each Outstanding Debt Security
     affected thereby; provided, however, that this clause shall not be deemed
     to require the consent of any Holder with respect to changes in the
     references to "the Trustee" and concomitant changes in this Section and
     Section 1012, or the deletion of this proviso, in accordance with the
     requirements of Section 611(b) and 901(8), or

          (4) adversely affect the right to repayment, if any, of Debt
     Securities of any series at the option of the Holders thereof.

     A supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Debt Securities, or which modifies
the rights of the Holders of Debt Securities of such series with respect to such
covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Debt Securities of any other series.

     It shall not be necessary for any Act of Holders of the Debt Securities
under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance
thereof.

     Section 903. Execution of Supplemental Indentures.

     In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of
the trusts created by this Indenture, the Trustee shall be entitled to receive,
and (subject to Section 601) shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be
obligated to, enter into any such supplemental indenture which affects the
Trustee's own rights, duties or immunities under this Indenture or otherwise.

     Section 904. Effect of Supplemental Indentures.

     Upon the execution of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder
of Debt Securities theretofore or thereafter authenticated and delivered
hereunder and of any coupons appertaining thereto shall be bound thereby.

     Section 905. Conformity with Trust Indenture Act.

     Every supplemental indenture executed pursuant to this Article shall
conform to the requirements of the Trust Indenture Act as then in effect.

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     Section 906. Reference in Debt Securities to Supplemental Indentures.

     Debt Securities of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as
to any matter provided for in such supplemental indenture. If the Company shall
so determine, new Debt Securities of any series and any appurtenant coupons so
modified as to conform, in the opinion of the Trustee and the Company, to any
such supplemental indenture may be prepared and executed by the Company and
authenticated and delivered by the Trustee in exchange for Outstanding Debt
Securities of such series and any appurtenant coupons.

                                   ARTICLE TEN

                                    Covenants

     Section 1001. Payment of Principal, Premium and Interest.

     The Company covenants and agrees for the benefit of each series of Debt
Securities and any appurtenant coupons that it will duly and punctually pay the
principal of (and premium, if any) and interest on the Debt Securities in
accordance with the terms of the Debt Securities, any appurtenant coupons and
this Indenture. Any interest due on Bearer Securities on or before Maturity,
other than additional amounts, if any, payable as provided in Section 1006 in
respect of principal of (or premium, if any, on) such a Debt Security, shall be
payable only upon presentation and surrender of the coupon or coupons for such
interest installments as are evidenced thereby as they severally mature.

     Section 1002. Maintenance of Office or Agency.

     The Company will maintain in each Place of Payment for any series of Debt
Securities an office or agency where Debt Securities (but, except as otherwise
provided below, unless such Place of Payment is located outside the United
States, not Bearer Securities or coupons) may be presented or surrendered for
payment, where Debt Securities may be surrendered for registration of transfer
or exchange and where notices and demands to or upon the Company in respect of
the Debt Securities and this Indenture may be served. If Debt Securities of a
series are issuable as Bearer Securities, the Company will maintain, subject to
any laws or regulations applicable thereto, an office or agency in a Place of
Payment for such series which is located outside the United States where Debt
Securities of such series and the related coupons may be presented and
surrendered for payment (including payment of any additional amounts payable on
Debt Securities of such series pursuant to Section 1006); provided, however,
that if the Debt Securities of such series are listed on a stock exchange
located outside the United States and such stock exchange shall so require, the
Company will maintain a Paying Agent in any required city located outside the
United States, as the case may be, so long as the Debt Securities of such series
are listed on such exchange. The Company will give prompt written notice to the
Trustee of the location, and any change in the location, of any such office or
agency. If at any time the Company shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof,
such presentations, surrenders, notices or demands may be made or served at
_______________________________________________________, and the Company hereby
appoints __________________________________ its agent to receive all
presentations, surrenders, notices and demands, except that Bearer Securities of
that series and the related coupons may be

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<PAGE>

presented and surrendered for payment (including payment of any additional
amounts payable on Bearer Securities of that series pursuant to Section 1006) at
the place specified for the purpose pursuant to Section 301(5).

     No payment of principal of, or premium, if any, or interest on Bearer
Securities shall be made at any office or agency of the Company in the United
States or by check mailed to any address in the United States or by transfer to
an account maintained with a bank located in the United States; provided,
however, payment of principal of and any premium and interest (including
additional amounts payable in respect thereof) on any Bearer Security
denominated in Dollars may be made at an office or agency of, and designated by,
the Company located in the United States if (but only if) payment of the full
amount of such principal, premium, interest or additional amounts in Dollars at
all offices outside the United States maintained for the purpose by the Company
in accordance with this Indenture is illegal or effectively precluded by
exchange controls or other similar restrictions and the Trustee receives an
Opinion of Counsel that such payment within the United States is legal. Unless
otherwise provided as contemplated by Section 301 with respect to any series of
Debt Securities, at the option of the Holder of any Bearer Security or related
coupon, payment may be made by check in the currency designated for such payment
pursuant to the terms of such Bearer Security presented or mailed to an address
outside the United States or by transfer to an account in such currency
maintained by the payee with a bank located outside the United States.

     The Company may also from time to time designate one or more other offices
or agencies (in or outside of such Place of Payment) where the Debt Securities
of one or more series and any related coupons (subject to the preceding
paragraph) may be presented or surrendered for any or all such purposes, and may
from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in each Place of Payment for any
series of Debt Securities for such purposes. The Company will give prompt
written notice to the Trustee of any such designation and any change in the
location of any such other office or agency.

     Section 1003. Money for Debt Securities Payments to Be Held in Trust.

     If the Company shall at any time act as its own Paying Agent with respect
to any series of Debt Securities, it will, on or before each due date of the
principal of (and premium, if any) or interest on any of the Debt Securities of
such series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal (and premium, if any) or interest
so becoming due until such sums shall be paid to such Persons or otherwise
disposed of as herein provided, and will promptly notify the Trustee of its
action or failure so to act.

     Whenever the Company shall have one or more Paying Agents with respect to
any series of Debt Securities, it will, on or before each due date of the
principal of (and premium, if any) or interest on any of the Debt Securities of
such series, deposit with a Paying Agent a sum sufficient to pay the principal
(and premium, if any) or interest so becoming due, such sum to be held in trust
for the benefit of the Persons entitled to such principal, premium or interest,
and (unless such Paying Agent is the Trustee) the Company will promptly notify
the Trustee of its action or failure so to act.

     The Company will cause each Paying Agent with respect to any series of Debt
Securities other than the Trustee to execute and deliver to the Trustee an
instrument in which such

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<PAGE>

Paying Agent shall agree with the Trustee, subject to the provisions of this
Section, that such Paying Agent will

          (1) hold all sums held by it for the payment of the principal of (and
     premium, if any) or interest on Debt Securities of such series in trust for
     the benefit of the Persons entitled thereto until such sums shall be paid
     to such Persons or otherwise disposed of as herein provided;

          (2) give the Trustee notice of any default by the Company (or any
     other obligor upon the Debt Securities of such series or any appurtenant
     coupons) in the making of any payment of principal of (and premium, if any)
     or interest on the Debt Securities of such series; and

          (3) at any time during the continuance of any such default, upon the
     written request of the Trustee, forthwith pay to the Trustee all sums so
     held in trust by such Paying Agent.

     The Company may at any time, for the purpose of terminating its obligations
under this Indenture with respect to Debt Securities of any series or for any
other purpose, pay, or by Company Order direct any Paying Agent to pay, to the
Trustee all sums held in trust by the Company or such Paying Agent, such sums to
be held by the Trustee upon the same trusts as those upon which such sums were
held by the Company or such Paying Agent; and, upon such payment by any Paying
Agent to the Trustee, such Paying Agent shall be released from all further
liability with respect to such money.

     Any principal and interest received on the Government Obligations deposited
with the Trustee or any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of (and
premium, if any) or interest on any Debt Security of any series or any money on
deposit with the Trustee or any Paying Agent representing amounts deducted from
the Redemption Price or Repayment Price with respect to unmatured coupons not
presented upon redemption or exercise of the Holder's option for repayment
pursuant to Section 1106 or 1303 and remaining unclaimed for two years after
such principal (and premium, if any) or interest has become due and payable
shall be paid to the Company on Company Request, or (if then held by the
Company) shall be discharged from such trust; and the Holder of such Debt
Security or any coupon appertaining thereto shall thereafter, as an unsecured
general creditor, look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money
(including the principal and interest received on Government Obligations
deposited with the Trustee), and all liability of the Company as trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in an Authorized Newspaper of
general circulation in the Borough of Manhattan, The City of New York, and each
Place of Payment or mailed to each such Holder, or both, notice that such money
remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such publication or mailing, any unclaimed
balance of such money then remaining will be repaid to the Company.

     Section 1004. Corporate Existence.

     Subject to Article Eight, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its corporate
existence, rights (charter and statutory) and

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<PAGE>

franchises, provided, however, that the Company shall not be required to
preserve any such right or franchise if the Board of Directors shall determine
that the preservation thereof is no longer desirable in the conduct of the
business of the Company and its Subsidiaries, taken as a whole, and that the
loss thereof is not disadvantageous in any material respect to the Holders.

     Section 1005. Maintenance of Properties.

     The Company will cause all properties used or useful in the conduct of its
business or the business of any Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment
and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be
properly and advantageously conducted at all times, provided, however, that
nothing in this Section shall prevent the Company from discontinuing the
operation or maintenance of any of such properties if such discontinuance is, in
the judgment of the Company, desirable in the conduct of its business or the
business of any Subsidiary and not disadvantageous in any material respect to
the Holders.

     Section 1006. Payment of Additional Amounts.

     If the Debt Securities of a series provide for the payment of additional
amounts, the Company will pay to the Holder of any Debt Security of any series
or any coupon appertaining thereto additional amounts upon the terms and subject
to the conditions provided therein. Whenever in this Indenture there is
mentioned, in any context, the payment of the principal of (or premium, if any)
or interest on, or in respect of, any Debt Security of any series or the net
proceeds received on the sale or exchange of any Debt Security of any series,
such mention shall be deemed to include mention of the payment of additional
amounts provided for in the terms of such Debt Securities and this Section to
the extent that, in such context, additional amounts are, were or would be
payable in respect thereof pursuant to the provisions of this Section and
express mention of the payment of additional amounts (if applicable) in any
provisions hereof shall not be construed as excluding additional amounts in
those provisions hereof where such express mention is not made.

     If the Debt Securities of a series provide for the payment of additional
amounts, at least 10 days prior to the first Interest Payment Date with respect
to that series of Debt Securities (or if the Debt Securities of that series will
not bear interest prior to Maturity, the first day on which a payment of
principal (and premium, if any) is made), and at least 10 days prior to each
date of payment of principal (and premium, if any) or interest if there has been
any change with respect to the matters set forth in the below-mentioned
Officers' Certificate, the Company will furnish the Trustee and the Company's
principal Paying Agent or Paying Agents, if other than the Trustee, with an
Officers' Certificate instructing the Trustee and such Paying Agent or Paying
Agents whether such payment of principal of (and premium, if any) or interest on
the Debt Securities of that series shall be made to Holders of Debt Securities
of that series or the related coupons who are United States Aliens without
withholding for or on account of any tax, assessment or other governmental
charge described in the Debt Securities of that series. If any such withholding
shall be required, then such Officers' Certificate shall specify by country the
amount, if any, required to be withheld on such payments to such Holders of Debt
Securities or coupons and the Company will pay to the Trustee or such Paying
Agent the additional amounts, if any, required by the terms of such Debt
Securities and the first paragraph of this Section. The Company covenants to
indemnify the Trustee and any Paying Agent for, and to hold them harmless

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<PAGE>

against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or
omitted by any of them in reliance on any Officers' Certificate furnished
pursuant to this Section.

     Section 1007. Payment of Taxes.

     The Company will pay or discharge or cause to be paid or discharged, before
the same shall become delinquent, all material taxes, assessments and
governmental charges levied or imposed upon the Company or any Subsidiary or
upon the income, profits or property of the Company or any Subsidiary, provided,
however, that the Company shall not be required to pay or discharge or cause to
be paid or discharged any such tax, assessment or charge whose amount,
applicability or validity is being contested in good faith by appropriate
proceedings or where failure to pay or discharge any such tax, assessment or
charge would not have a material adverse effect on the Holders.

     Section 1008. Restriction on the Creation of Secured Debt.

     (a) The Company will not, and will not permit any Restricted Subsidiary to,
issue, assume or guarantee, incur or create any Secured Debt unless immediately
thereafter the sum of (i) the aggregate principal amount of all outstanding
Secured Debt of the Company and its Restricted Subsidiaries (exclusive of any
Secured Debt permitted by paragraph (b) of this Section) plus (ii) the aggregate
amount of all Attributable Debt of the Company and its Restricted Subsidiaries
in respect of sale and leaseback transactions (as defined in Section 1009)
(exclusive of any sale and leaseback transactions as are permitted by clause (2)
of Section 1009) does not exceed 10% of Consolidated Net Tangible Assets.

     (b) Compliance with the requirements of Section 1008(a) shall be determined
without regard to

          (i) Secured Debt of a Restricted Subsidiary owing to the Company or a
     Wholly-owned Restricted Subsidiary or Secured Debt of the Company owed to a
     Wholly-owned Restricted Subsidiary,

          (ii) Secured Debt resulting from the Mortgage of property of the
     Company or any Restricted Subsidiary in favor of the United States, or any
     State thereof, or any department, agency or instrumentality of the United
     States or any State thereof, to secure partial, progress, advance or other
     payments to the Company or any Restricted Subsidiary pursuant to the
     provisions of any contract or statute,

          (iii) Secured Debt resulting from Mortgages on property of, or on any
     shares of stock or Debt of, any corporation existing at the time such
     corporation becomes a Subsidiary,

          (iv) subject to Section 801, Secured Debt resulting from Mortgages on
     property, shares of stock or Debt existing at the time of acquisition
     thereof (including acquisition through merger or consolidation) or to
     secure the payment of all or any part of the purchase price or construction
     cost thereof or to secure any indebtedness incurred prior to, at the time
     of, or within 180 days after, the latest of the acquisition of such
     property, shares or Debt or the

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<PAGE>

     completion of any such construction for the purpose of financing all or any
     part of the purchase price or construction cost thereof,

          (v) Secured Debt resulting from Mortgages incurred or assumed in
     connection with an issuance of revenue bonds the interest on which is
     exempt from Federal income tax pursuant to section 103(b) of the Internal
     Revenue Code of 1986, as amended (or any predecessor or successor provision
     thereof),

          (vi) Secured Debt existing on the date of initial issuance of the Debt
     Securities of the applicable series, or

          (vii) any extension, renewal or refunding (or successive extensions,
     renewals or refundings), in whole or in part (but without increase in
     amount), of any Secured Debt (and of any Mortgage securing the same)
     referred to in the foregoing clauses (i) through (vi), provided that the
     Mortgage securing such extended, renewed or refunded Secured Debt is
     limited to the same property (plus improvements thereon) that secured the
     Secured Debt so extended, renewed or refunded immediately prior thereto.

     (c) Notwithstanding the foregoing paragraphs of this Section, the Company
or any Restricted Subsidiary may issue, assume, guarantee, incur or create
Secured Debt not permitted by such paragraphs if the Company shall first make
effective provision whereby the Debt Securities (together with, if the Company
shall so determine, any other Debt or any obligations of the Company or such
Restricted Subsidiary then existing or thereafter created ranking equally with
the Debt Securities, including guarantees of Debt or obligations of others)
shall be secured equally and ratably with (or prior to) such Secured Debt, so
long as such Secured Debt shall be so secured. If the Company shall hereafter
make provision to secure the Debt Securities equally and ratably with (or prior
to) any other Debt or obligations pursuant to this paragraph (c), then (i) the
Company will promptly deliver to the Trustee an Officers' Certificate and
Opinion of Counsel stating that this paragraph (c) has been complied with and
that any instruments executed by the Company or any Restricted Subsidiary in the
performance of this paragraph (c) comply with the requirements hereof, and (ii)
the Trustee is hereby authorized to enter into an indenture or agreement
supplemental hereto and to take such action, if any, as it may deem advisable to
enable it to enforce the rights of the Holders of the Debt Securities as so
secured.

     Section 1009. Restriction on Sale and LeaseBack Transactions.

     The Company will not itself, and it will not permit any Restricted
Subsidiary to, enter into any arrangement with any bank, insurance company or
other lender or investor (not including the Company or any Restricted
Subsidiary) or to which any such lender or investor is a party, providing for
the leasing by the Company or any Restricted Subsidiary for a period, including
renewals, in excess of three years of any Operating Property which has been or
is to be sold or transferred, more than 120 days after the acquisition thereof
or the completion of construction and commencement of full operation thereof, by
the Company or any Restricted Subsidiary to such lender or investor or to any
person to whom funds have been or are to be advanced by such lender or investor
on the security of such Operating Property (herein referred to as a "sale and
leaseback transaction") unless either:

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<PAGE>

          (1) the Company or such Restricted Subsidiary could create Secured
     Debt pursuant to Section 1008 on the Operating Property to be leased back
     in an amount equal to the Attributable Debt with respect to such sale and
     leaseback transaction without equally and ratably securing the Debt
     Securities, or

          (2) the Company, within 180 days after the sale or transfer shall have
     been made by the Company or by any such Restricted Subsidiary, applies or
     causes a Restricted Subsidiary to apply an amount equal to the greater of
     (i) the net proceeds of the sale of the Operating Property sold and leased
     back pursuant to such arrangement or (ii) the fair market value of the
     Operating Property so sold and leased back at the time of entering into
     such arrangements (as determined by any two of the following: the Chairman
     of the Board of the Company, its Chief Executive Officer, its President,
     any Vice President of the Company, its Treasurer and its Controller) to the
     retirement of Debt of the Company, provided that the amount to be applied
     to the retirement of Debt of the Company or a Restricted Subsidiary shall
     be reduced by (a) the principal amount of any Debt Securities delivered
     within 180 days after such sale to the Trustee for retirement and
     cancellation, and (b) the principal amount of Debt having a stated maturity
     more than 12 months from the date of such application or which is
     extendible at the option of the obligor thereon to a date more than 12
     months from the date of such application voluntarily retired by the Company
     within 180 days after such sale. Notwithstanding the foregoing, no
     retirement referred to in this clause (2) may be effected by payment at
     maturity or pursuant to any mandatory sinking fund payment or any mandatory
     prepayment provision.

     A sale and leaseback transaction permitted under this Section 1009 will not
be deemed to result in the creation of a Mortgage.

     Section 1010. Restriction on Permitting Unrestricted Subsidiaries to become
Restricted Subsidiaries.

     (a) The Company will not permit any Unrestricted Subsidiary to be
designated as a Restricted Subsidiary unless such Subsidiary has outstanding no
Secured Debt and/or Attributable Debt except such Secured Debt and Attributable
Debt as the Company could permit it to become liable for immediately after
becoming a Restricted Subsidiary under the provisions of Section 1008.

     (b) Promptly after the adoption of any Board Resolution designating a
Restricted Subsidiary as an Unrestricted Subsidiary or an Unrestricted
Subsidiary as a Restricted Subsidiary, a copy thereof shall be filed with the
Trustee, together, in the case of the designation of an Unrestricted Subsidiary
as a Restricted Subsidiary, with an Officers' Certificate stating that the
provisions of this Section have been complied with in connection with such
designation.

     Section 1011. Officer's Certificate as to Default.

     The Company will furnish to the Trustee not more than 120 days after the
end of the Company's fiscal year in each year (beginning with ____) a brief
certificate from the principal executive, financial or accounting officer or
treasurer or controller of the Company as to his or her knowledge of the
Company's compliance with all conditions and covenants under this Indenture
(such compliance to be determined without regard to any period of grace or
requirement of notice provided

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<PAGE>

under this Indenture), and, if he or she has knowledge of any default,
specifying each such default of which the signer has knowledge and the nature
thereof.

     Section 1012. Waiver of Certain Covenants.

     The Company may omit in any particular instance to comply with any covenant
or condition set forth in Sections 1004, 1005 and 1007 to 1010 inclusive with
respect to the Debt Securities of any series or any other covenant or condition
applicable to the Debt Securities of any series pursuant to Section 301 unless
such covenant or condition is determined pursuant to Section 301 not to be
subject to this provision if, before the time for such compliance the Holders of
at least a majority in principal amount of the Debt Securities at the time
Outstanding to which such covenant or condition applies shall, acting together
as a class by Act of such Holders, either waive such compliance in such instance
or generally waive compliance with such covenant or condition, but no such
waiver shall extend to or affect such covenant or condition except to the extent
so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such
covenant or condition shall remain in full force and effect.

                                 ARTICLE ELEVEN

                          Redemption of Debt Securities

     Section 1101. Applicability of Article.

     Debt Securities of any series which are redeemable before their Stated
Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 301 for Debt Securities of any
series) in accordance with this Article.

     Section 1102. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Debt Securities shall be
evidenced by a Board Resolution. In case of any redemption at the election of
the Company of less than all of the Debt Securities of any series, the Company
shall, at least 45 days prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the
Trustee of such Redemption Date and of the principal amount and the tenor and
terms of the Debt Securities of any series to be redeemed. In the case of any
redemption of Debt Securities prior to the expiration of any restriction on such
redemption provided in the terms of such Debt Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers' Certificate
evidencing compliance with such restriction.

     Section 1103. Selection by Trustee of Debt Securities to be Redeemed.

     Except as otherwise specified as contemplated by Section 301 for Debt
Securities of any series, if less than all the Debt Securities of any series
with like tenor and terms are to be redeemed, the particular Debt Securities to
be redeemed shall be selected not more than 60 days prior to the Redemption Date
by the Trustee, from the Outstanding Debt Securities of such series with like
tenor and terms not previously called for redemption, by such method as the
Trustee shall deem fair and

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<PAGE>

appropriate and which may provide for the selection for redemption of portions
(equal to the minimum authorized denomination for Debt Securities of such series
or any integral multiple thereof which is also an authorized denomination) of
the principal amount of Registered Securities or Bearer Securities (if issued in
more than one authorized denomination) of such series of a denomination larger
than the minimum authorized denomination for Debt Securities of such series.

     The Trustee shall promptly notify the Company in writing of the Debt
Securities selected for redemption and, in the case of any Debt Securities
selected for partial redemption, the principal amount thereof to be redeemed.

     For all purposes of this Indenture, unless the context otherwise requires,
all provisions relating to the redemption of Debt Securities shall relate, in
the case of any Debt Security redeemed or to be redeemed only in part, to the
portion of the principal amount of such Debt Security which has been or is to be
redeemed.

     Section 1104. Notice of Redemption.

     Notice of redemption shall be given in the manner provided in Section 106
not less than 30 nor more than 60 days prior to the Redemption Date, to each
Holder of Debt Securities to be redeemed.

     All notices of redemption shall state:

          (1) the Redemption Date,

          (2) the Redemption Price,

          (3) if less than all Outstanding Debt Securities of any series are to
     be redeemed, the identification (and, in the case of partial redemption,
     the principal amounts) of the particular Debt Securities to be redeemed,

          (4) that on the Redemption Date the Redemption Price will become due
     and payable upon each such Debt Security to be redeemed, and that interest
     thereon shall cease to accrue on and after said date,

          (5) the Place or Places of Payment where such Debt Securities,
     together in the case of Bearer Securities with all coupons, if any,
     appertaining thereto maturing after the Redemption Date, are to be
     surrendered for payment of the Redemption Price,

          (6) that Bearer Securities may be surrendered for payment only at such
     place or places which are outside the United States, except as otherwise
     provided in Section 1002,

          (7) that the redemption is for a sinking fund, if such is the case,
     and

          (8) the CUSIP number, if any.

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     A notice of redemption published as contemplated by Section 106 need not
identify particular Registered Securities to be redeemed.

     Notice of redemption of Debt Securities to be redeemed at the election of
the Company shall be given by the Company, or, at the Company's request, by the
Trustee in the name and at the expense of the Company.

     Section 1105. Deposit of Redemption Price.

     On or prior to any Redemption Date, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 1003) an amount of
money and/or Government Obligations the payments of principal and interest on
which when due (and without reinvestment) will provide money on or prior to the
Redemption Date in such amounts as will (together with any money irrevocably
deposited in trust with the Trustee, without investment) be sufficient to pay
the Redemption Price of, and (except if the Redemption Date shall be an Interest
Payment Date) accrued interest on, all the Debt Securities or portions thereof
which are to be redeemed on that date; provided, however, that deposits with
respect to Bearer Securities shall be made with a Paying Agent or Paying Agents
located outside the United States except as otherwise provided in Section 1002,
unless otherwise specified as contemplated by Section 301.

     Section 1106. Debt Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Debt Securities to
be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified and from and after such date (unless the
Company shall default in the payment of the Redemption Price and accrued
interest) such Debt Securities shall cease to bear interest and the coupons for
such interest appertaining to any Bearer Securities so to be redeemed, except to
the extent provided below, shall be void. Upon surrender of any such Debt
Security for redemption in accordance with said notice, such Debt Security shall
be paid by the Company at the Redemption Price, together with accrued interest
to the Redemption Date; provided, however, that installments of interest on
Bearer Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable only upon presentation and surrender of coupons for such
interest (at an office or agency located outside the United States except as
otherwise provided in Section 1002), and provided further, that installments of
interest on Registered Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders of such Debt Securities, or one
or more Predecessor Securities, registered as such on the relevant Record Dates
according to their terms and the provisions of Section 307.

     If any Bearer Security surrendered for redemption shall not be accompanied
by all appurtenant coupons maturing after the Redemption Date, such Bearer
Security may be paid after deducting from the Redemption Price an amount equal
to the face amount of all such missing coupons, or the surrender of such missing
coupon or coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they may require to save each of
them and any Paying Agent harmless. If thereafter the Holder of such Bearer
Security shall surrender to the Trustee or any Paying Agent any such missing
coupon in respect of which a deduction shall have been made from the Redemption
Price, such Holder shall be entitled to receive the amount so deducted without
interest thereon; provided, however, that interest represented by coupons shall
be payable only upon

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<PAGE>

presentation and surrender of those coupons at an office or agency located
outside of the United States except as otherwise provided in Section 1002.

     If any Debt Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal (and premium, if any) shall,
until paid, bear interest from the Redemption Date at the rate prescribed
therefor in the Debt Security.

     Section 1107. Debt Securities Redeemed in Part.

     Any Registered Security which is to be redeemed only in part shall be
surrendered at a Place of Payment therefor (with, if the Company, the Security
Registrar or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company, the Security
Registrar and the Trustee duly executed by, the Holder thereof or his attorney
duly authorized in writing), and the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Debt Security without
service charge, a new Registered Security or Registered Securities of the same
series and of like tenor and terms, of any authorized denominations as requested
by such Holder in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal of the Debt Security so surrendered.

                                 ARTICLE TWELVE

                                  Sinking Funds

     Section 1201. Applicability of Article.

     The provisions of this Article shall be applicable to any sinking fund for
the retirement of Debt Securities of a series except as otherwise specified as
contemplated by Section 301 for Debt Securities of such series.

     The minimum amount of any sinking fund payment provided for by the terms of
Debt Securities of any series is herein referred to as a "mandatory sinking fund
payment", and any payment in excess of such minimum amount provided for by the
terms of Debt Securities of any series is herein referred to an "optional
sinking fund payment". If provided for by the terms of Debt Securities of any
series, the amount of any sinking fund payment may be subject to reduction as
provided in Section 1202. Each sinking fund payment shall be applied to the
redemption of Debt Securities of any series as provided for by the terms of Debt
Securities of such series.

     Section 1202. Satisfaction of Sinking Fund Payments with Debt Securities.

     The Company (1) may deliver Outstanding Debt Securities of a series (other
than any previously called for redemption), together in the case of any Bearer
Securities of such series with all unmatured coupons appertaining thereto, and
(2) may apply as a credit Debt Securities of a series which have been redeemed
either at the election of the Company pursuant to the terms of such Debt
Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Debt Securities, in each case in
satisfaction of all or any part of any sinking fund payment with respect to the
Debt Securities of such series required to be made pursuant to the terms of such
Debt Securities

                                       69

<PAGE>

as provided for by the terms of such series; provided that such Debt Securities
have not been previously so credited. Such Debt Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in
such Debt Securities for redemption through operation of the sinking fund and
the amount of such sinking fund payment shall be reduced accordingly. If as a
result of the delivery or credit of Debt Securities in lieu of cash payments
pursuant to this Section 1202, the principal amount of Debt Securities to be
redeemed in order to exhaust the aforesaid cash payment shall be less than
$100,000, the Trustee need not call Debt Securities for redemption, except upon
Company Request, and such cash payment shall be held by the Trustee or a Paying
Agent and applied to the next succeeding sinking fund payment, provided,
however, that the Trustee or such Paying Agent shall at the request of the
Company from time to time pay over and deliver to the Company any cash payment
so being held by the Trustee or such Paying Agent upon delivery by the Company
to the Trustee of Debt Securities purchased by the Company having an unpaid
principal amount equal to the cash payment requested to be released to the
Company.

     Section 1203. Redemption of Debt Securities for Sinking Fund.

     Not less than 45 days prior to each sinking fund payment date for any
series of Debt Securities (unless a shorter period shall be satisfactory to the
Trustee), the Company will deliver to the Trustee an Officers' Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of that series, the portion thereof, if any, which is to
be satisfied by payment of cash, the portion thereof, if any, which is to be
satisfied by crediting Debt Securities of that series pursuant to Section 1202
and the basis for any such credit and, prior to or concurrently with the
delivery of such Officers' Certificate, will also deliver to the Trustee any
Debt Securities to be so credited and not theretofore delivered to the Trustee.
Not less than 30 days (unless a shorter period shall be satisfactory to the
Trustee) before each such sinking fund payment date the Trustee shall select the
Debt Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 1103 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in
Section 1104. Such notice having been duly given, the redemption of such Debt
Securities shall be made upon the terms and in the manner stated in Sections
1105, 1106 and 1107.

                                ARTICLE THIRTEEN

                       Repayment at the Option of Holders

     Section 1301. Applicability of Article.

     Debt Securities of any series which are repayable at the option of the
Holders thereof before their Stated Maturity shall be repaid in accordance with
their terms and (except as otherwise specified pursuant to Section 301 for Debt
Securities of such series) in accordance with this Article.

     Section 1302. Repayment of Debt Securities.

     Each Debt Security which is subject to repayment in whole or in part at the
option of the Holder thereof on a Repayment Date shall be repaid at the
applicable Repayment Price together with interest accrued to such Repayment Date
as specified pursuant to Section 301.

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<PAGE>

     Section 1303. Exercise of Option; Notice.

     Each Holder desiring to exercise such Holder's option for repayment shall,
as conditions to such repayment, surrender the Debt Security to be repaid in
whole or in part together with written notice of the exercise of such option at
any office or agency of the Company in a Place of Payment, not less than 30 nor
more than 45 days prior to the Repayment Date; provided, however, that surrender
of Bearer Securities together with written notice of exercise of such option
shall be made at an office or agency located outside the United States except as
otherwise provided in Section 1002. Such notice, which shall be irrevocable,
shall specify the principal amount of such Debt Security to be repaid, which
shall be equal to the minimum authorized denomination for such Debt Security or
an integral multiple thereof, and shall identify the Debt Security to be repaid
and, in the case of a partial repayment of the Debt Security, shall specify the
denomination or denominations of the Debt Security or Debt Securities of the
same series to be issued to the Holder for the portion of the principal of the
Debt Security surrendered which is not to be repaid.

     If any Bearer Security surrendered for repayment shall not be accompanied
by all unmatured coupons and all matured coupons in default, such Bearer
Security may be paid after deducting from the Repayment Price an amount equal to
the face amount of all such missing coupons, or the surrender of such missing
coupon or coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they may require to save each of
them and any Paying Agent harmless. If thereafter the Holder of such Bearer
Security shall surrender to the Trustee or any Paying Agent any such missing
coupon in respect of which a deduction shall have been made from the Repayment
Price, such Holder shall be entitled to receive the amount so deducted without
interest thereon; provided, however, that interest represented by coupons shall
be payable only at an office or agency located outside the United States except
as otherwise provided in Section 1002.

     The Company shall execute and the Trustee shall authenticate and deliver
without service charge to the Holder of any Registered Security so surrendered a
new Registered Security or Securities of the same series, of any authorized
denomination specified in the foregoing notice, in an aggregate principal amount
equal to any portion of the principal of the Registered Security so surrendered
which is not to be repaid.

     The Company shall execute and the Trustee shall authenticate and deliver
without service charge to the Holder of any Bearer Security so surrendered a new
Registered Security or Securities or new Bearer Security or Securities (and all
appurtenant unmatured coupons and matured coupons in default) or any combination
thereof of the same series of any authorized denomination or denominations
specified in the foregoing notice, in an aggregate principal amount equal to any
portion of the principal of the Debt Security so surrendered which is not to be
paid; provided, however, that the issuance of a Registered Security therefor
shall be subject to applicable laws and regulations, including provisions of the
United States Federal income tax laws and regulations in effect at the time of
the exchange; neither the Company, the Trustee nor the Security Registrar shall
issue Registered Securities for Bearer Securities if it has received an Opinion
of Counsel that as a result of such issuance the Company would suffer adverse
consequences under the United States Federal income tax laws then in effect and
the Company has delivered to the Trustee a Company Order directing the Trustee
not to make such issuances thereafter unless and until the Trustee receives a
subsequent Company Order to the contrary. The Company shall deliver copies of
such Company Order to the Security Registrar.

                                       71

<PAGE>

     For all purposes of this Indenture, unless the context otherwise requires,
all provisions relating to the repayment of Debt Securities shall relate, in the
case of any Debt Security repaid or to be repaid only in part, to the portion of
the principal of such Debt Security which has been or is to be repaid.

     Section 1304. Election of Repayment by Remarketing Entities.

     The Company may elect, with respect to Debt Securities of any series which
are repayable at the option of the Holders thereof before their Stated Maturity,
at any time prior to any Repayment Date to designate one or more Remarketing
Entities to purchase, at a price equal to the Repayment Price, Debt Securities
of such series from the Holders thereof who give notice and surrender their Debt
Securities in accordance with Section 1303.

     Section 1305. Securities Payable on the Repayment Date.

     Notice of exercise of the option of repayment having been given and the
Debt Securities so to be repaid having been surrendered as aforesaid, such Debt
Securities shall, unless purchased in accordance with Section 1304, on the
Repayment Date become due and payable at the price therein specified and from
and after the Repayment Date such Debt Securities shall cease to bear interest
and shall be paid on the Repayment Date, and the coupons for such interest
appertaining to Bearer Securities so to be repaid, except to the extent provided
above, shall be void, unless the Company shall default in the payment of such
price in which case the Company shall continue to be obligated for the principal
amount of such Debt Securities and shall be obligated to pay interest on such
principal amount at the rate borne by such Debt Securities from time to time
until payment in full of such principal amount.

                                ARTICLE FOURTEEN

                     Meetings of Holders of Debt Securities

     Section 1401. Purposes for Which Meetings May Be Called.

     If Debt Securities of a series are issuable in whole or in part as Bearer
Securities, a meeting of Holders of Debt Securities of such series may be called
at any time and from time to time pursuant to this Article to make, give or take
any request, demand, authorization, direction, notice, consent, waiver or other
Act provided by this Indenture to be made, given or taken by Holders of Debt
Securities of such series.

     Section 1402. Call, Notice and Place of Meetings.

     (a) The Trustee may at any time call a meeting of Holders of Debt
Securities of any series issuable as Bearer Securities for any purpose specified
in Section 1401, to be held at such time and at such place in the Borough of
Manhattan, The City of New York, or in London as the Trustee shall determine.
Notice of every meeting of Holders of Debt Securities of any series, setting
forth the time and the place of such meeting and in general terms the action
proposed to be taken at

                                       72

<PAGE>

such meeting, shall be given, in the manner provided in Section 106, not less
than 21 nor more than 180 days prior to the date fixed for the meeting.

     (b) In case at any time the Company, pursuant to a Board Resolution, or the
Holders of at least 25% in principal amount of the Outstanding Debt Securities
of any series shall have requested the Trustee to call a meeting of the Holders
of Debt Securities of such series for any purpose specified in Section 1401, by
written request setting forth in reasonable detail the action proposed to be
taken at the meeting, and the Trustee shall not have made the first publication
of the notice of such meeting within 21 days after receipt of such request or
shall not thereafter proceed to cause the meeting to be held as provided herein,
then the Company or the Holders of Debt Securities of such series in the amount
above specified, as the case may be, may determine the time and the place in the
Borough of Manhattan, The City of New York, or in London for such meeting and
may call such meeting for such purposes by giving notice thereof as provided in
subsection (a) of this Section.

     Section 1403. Persons Entitled to Vote at Meetings.

     To be entitled to vote at any meeting of Holders of Debt Securities of any
series, a Person shall be (1) a Holder of one or more Outstanding Debt
Securities of such series, or (2) a Person appointed by an instrument in writing
as proxy for a Holder or Holders of one or more Outstanding Debt Securities of
such series by such Holder or Holders. The only Persons who shall be entitled to
be present or to speak at any meeting of Holders of Debt Securities of any
series shall be the Persons entitled to vote at such meeting and their counsel,
any representatives of the Trustee and its counsel and any representatives of
the Company and its counsel.

     Section 1404. Quorum; Action.

     The Persons entitled to vote a majority in principal amount of the
Outstanding Debt Securities of a series shall constitute a quorum for a meeting
of Holders of Debt Securities of such series. In the absence of a quorum within
30 minutes of the time appointed for any such meeting, the meeting shall, if
convened at the request of Holders of Debt Securities of such series, be
dissolved. In the absence of a quorum in any other case the meeting may be
adjourned for a period of not less than 10 days as determined by the chairperson
of the meeting prior to the adjournment of such meeting. In the absence of a
quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined by the chairperson
of the meeting prior to the adjournment of such adjourned meeting. Notice of
this reconvening of any adjourned meeting shall be given as provided in Section
1402(a), except that such notice need be given only once not less than five days
prior to the date on which the meeting is scheduled to be reconvened. Notice of
the reconvening of an adjourned meeting shall state expressly the percentage, as
provided above, of the principal amount of the Outstanding Debt Securities of
such series which shall constitute a quorum.

     Except as limited by the proviso to Section 902, any resolution presented
to a meeting or adjourned meeting duly reconvened at which a quorum is present
as aforesaid may be adopted only by the affirmative vote of the Holders of
majority in principal amount of the Outstanding Debt Securities of that series,
provided, however, that, except as limited by the proviso to Section 902, any
resolution with respect to any request, demand, authorization, direction,
notice, consent, waiver or other Act which this Indenture expressly provides may
be made, given or taken by the Holders of a specified percentage, which is less
than a majority, in principal amount of the Outstanding Debt Securities of a

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<PAGE>

series may be adopted at a meeting or an adjourned meeting duly reconvened and
at which a quorum is present as aforesaid by the affirmative vote of the Holders
of such specified percentage in principal amount of the Outstanding Debt
Securities of that series.

     Any resolution passed or decision taken at any meeting of Holders of Debt
Securities of any series duly held in accordance with this Section shall be
binding on all the Holders of Debt Securities of such series and the related
coupons, whether or not present or represented at the meeting.

     Section 1405. Determination of Voting Rights; Conduct and Adjournment of
Meetings.

     (a) Notwithstanding any other provisions of this Indenture, the Trustee may
make such reasonable regulations as it may deem advisable for any meeting of
Holders of Debt Securities of such series in regard to proof of the holding of
Debt Securities of such series and of the appointment of proxies and in regard
to the appointment and duties of inspectors of votes, the submission and
examination of proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as it shall deem
appropriate. Except as otherwise permitted or required by any such regulations,
the holding of Debt Securities shall be proved in the manner specified in
Section 104 and the appointment of any proxy shall be proved in the manner
specified in Section 104 or, in the case of Bearer Securities, by having the
signature of the person executing the proxy witnessed or guaranteed by any trust
company, bank or banker authorized by Section 104 to certify to the holding of
Bearer Securities. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine
without the proof specified in Section 104 or other proof.

     (b) The Trustee shall, by an instrument in writing, appoint a temporary
chairperson of the meeting, unless the meeting shall have been called by the
Company or by Holders of Debt Securities as provided in Section 1402(b), in
which case the Company or the Holders of Debt Securities of the series calling
the meeting, as the case may be, shall in like manner appoint a temporary
chairperson. A permanent chairperson and a permanent secretary of the meeting
shall be elected by vote of the Persons entitled to vote a majority in principal
amount of the Outstanding Debt Securities of such series represented at the
meeting.

     (c) At any meeting each Holder of a Debt Security of such series or proxy
shall be entitled to one vote for each $1,000 principal amount (or the
equivalent in Euro, any other composite currency or a Foreign Currency) of Debt
Securities of such series held or represented by him; provided, however, that no
vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairperson of the meeting not to
be Outstanding. The chairperson of the meeting shall have no right to vote,
except as a Holder of a Debt Security of such series or proxy.

     (d) Any meeting of Holders of Debt Securities of any series duly called
pursuant to Section 1402 at which a quorum is present may be adjourned from time
to time by Persons entitled to vote a majority in principal amount of the
Outstanding Debt Securities of such series represented at the meeting; and the
meeting may be held as so adjourned without further notice.

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<PAGE>

     Section 1406. Counting Votes and Recording Action of Meetings.

     The vote upon any resolution submitted to any meeting of Holders of Debt
Securities of any series shall be by written ballots on which shall be
subscribed the signatures of the Holders of Debt Securities of such series or of
their representatives by proxy and the principal amounts and serial numbers of
the Outstanding Debt Securities of such series held or represented by them. The
permanent chairperson of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written
reports in triplicate of all votes cast at the meeting. A record, at least in
triplicate, of the proceedings of each meeting of Holders of Debt Securities of
any series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 1402 and, if
applicable, Section 1401. Each copy shall be signed and verified by the
affidavits of the permanent chairperson and secretary of the meeting and one
such copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence
of the matters therein stated.

                                 ARTICLE FIFTEEN

                                   Defeasance

     Section 1501. Termination of Company's Obligations.

     If this Section 1501 is specified, as contemplated by Section 301, to be
applicable to any series of Debt Securities and if the Company deposits
irrevocably in trust with the Trustee money and/or Government Obligations the
payments of principal and interest on which when due (and without reinvestment)
will provide money in such amounts as will (together with any money irrevocably
deposited in trust with the Trustee, without investment) be sufficient to pay
the principal of (and premium, if any) and any installment of principal of (and
premium, if any) or interest when due on the Debt Securities of such series and
any coupons appertaining thereto on the Stated Maturity of such principal or
interest or, if such series may be redeemed by the Company prior to the Stated
Maturity thereof and the Company shall have given irrevocable instructions to
the Trustee to effect such redemption, at the date fixed for such redemption
pursuant to Article Eleven, and any mandatory sinking fund, repayment or
analogous payments thereon on the scheduled due dates therefor, the Company's
obligations under Sections 801, 803, 1005, 1007, 1008, 1009 and 1010 and any
other covenant determined pursuant to Section 301 to be subject to this Section
shall terminate and Sections 501(4) (with respect to Sections 801, 803, 1005,
1007, 1008, 1009 and 1010), 501(5), 501(6), 501(7) and 501(8) (if specified as
contemplated by Section 301) shall be deemed not to be an Event of Default, in
each case with respect to the Debt Securities of the series for which such
deposit was made; provided, however, that (i) no Event of Default with respect
to the Debt Securities of such series under Section 501(6) or 501(7) or event
that with notice or lapse of time or both would constitute such an Event of
Default shall have occurred and be continuing on the 91st day after such date,
(ii) such deposit will not result in a breach of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a
party or by which it is bound, and (iii) such termination shall not

                                       75

<PAGE>

relieve the Company of its obligations under the Debt Securities of such series
and this Indenture to pay when due the principal of (and premium, if any) and
interest and additional amounts on such Debt Securities if such amounts are not
paid (or payment is not provided for) when due from the money and Government
Obligations (and the proceeds thereof) so deposited.

     It shall be a condition to the deposit of cash and/or Government
Obligations and the termination of the Company's obligations pursuant to the
provisions of this Section with respect to the Debt Securities of any series
under Sections 801, 803, 1005, 1007, 1008, 1009 and 1010 and any other covenant
determined pursuant to Section 301 to be subject to this Section and the
inapplicability of the Events of Default contained in Sections 501(4), 501(5),
501(6), 501(7) and 501(8) to the extent set forth above pursuant to the
provisions of this Section with respect to Debt Securities of any series that
the Company deliver to the Trustee (i) an Officers' Certificate to the effect
that under the laws in effect on the date such money and/or Government
Obligations are deposited with the Trustee, the amount thereof will be
sufficient, after payment of all Federal, state and local taxes in respect
thereof payable by the Trustee, to pay principal (and premium, if any) and
interest when due on the Debt Securities of such series; and (ii) an Officers'
Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated in this
Section have been complied with.

     It shall be an additional condition to the deposit of cash and/or
Government Obligations and the termination of the Company's obligations pursuant
to the provisions of this Section under Sections 801, 803, 1005, 1007, 1008,
1009 and 1010 and any other covenant determined pursuant to Section 301 to be
subject to this Section and the inapplicability of the Events of Default
contained in Section 501(4), 501(5), 501(6), 501(7) and 501(8) to the extent set
forth above pursuant to the provisions of this Section, with respect to the Debt
Securities of any series then listed on the New York Stock Exchange, that the
Company deliver an Opinion of Counsel that the Debt Securities of such series
will not be delisted from the New York Stock Exchange as a result of such
deposit and termination.

     After a deposit as provided herein, the Trustee shall, upon Company
Request, acknowledge in writing the discharge of the Company's obligations
pursuant to the provisions of this Section with respect to the Debt Securities
of such series under Sections 801, 803, 1005, 1007, 1008, 1009 and 1010 and any
other covenant determined pursuant to Section 301 to be subject to this Section
and the inapplicability of the Events of Default contained in Sections 501(4),
501(5), 501(6), 501(7) and 501(8) to the extent set forth above.

     Section 1502. Repayment to Company.

     The Trustee and any Paying Agent shall promptly pay to the Company upon
Company Request any money or Government Obligations not required for the payment
of the principal of (and premium, if any) and interest on the Debt Securities of
any series for which money or Government Obligations have been deposited
pursuant to Section 1501 held by them at any time.

     The Trustee and any Paying Agent shall promptly pay to the Company upon
Company Request any money held by them for the payment of principal (and
premium, if any) and interest that remains unclaimed for two years after the
Maturity of the Debt Securities for which a deposit has been made pursuant to
Section 1501. After such payment to the Company, the Holders of the Debt

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<PAGE>

Securities of such series and any related coupons shall thereafter, as unsecured
general creditors, look only to the Company for the payment thereof.

     Section 1503. Indemnity for Government Obligations.

     The Company shall pay and shall indemnify the Trustee against any tax, fee
or other charge imposed on or assessed against the deposited Government
Obligations or the principal or interest received on such Government
Obligations.

                                       77

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be
duly executed, and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written.

                                       H.B. FULLER COMPANY

                                       By
                                          --------------------------------------
                                       Its
                                           -------------------------------------

[CORPORATE SEAL]

Attest:

----------------------------------
            Secretary

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

                                       By
                                          --------------------------------------
                                       Its
                                           -------------------------------------

[CORPORATE SEAL]

Attest:

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

                                       78

<PAGE>

STATE OF                                             )
         -----------------------------------         )
                                                     )SS.
COUNTY OF                                            )
          ----------------------------------         )

     On the ____ day of ___________________, before me personally came
__________________________, to me known, who, being duly sworn, did depose and
say that he resides at _____________________________; that he is
_____________________ of H.B. Fuller Company, a corporation described in and
which executed the above instrument; that he knows the seal of said corporation;
that it was so affixed pursuant to the authority of the Board of Directors of
said corporation; and that he signed his name thereto pursuant to like
authority.

                                       -----------------------------------------
                                       Notary Public

                                       79

<PAGE>

STATE OF                                             )
         -----------------------------------         )
                                                     )SS.
COUNTY OF                                            )
          ----------------------------------         )

     On the ____ day of _____________________, before me personally came
______________________, to me known, who, being duly sworn, did depose and say
that he resides at _____________________________; that he is ________________ of
__________________________, a national banking association described in and
which executed the above instrument; that he knows the seal of said corporation;
that it was so affixed pursuant to the authority of the Board of Directors of
said corporation; and that he signed his name thereto pursuant to like
authority.

                                       -----------------------------------------
                                       Notary Public

                                       80

<PAGE>

                                                                     EXHIBIT A-1

                [Form of Certificate of Beneficial Ownership by a
              Non-United States Person or by Certain Other Persons]

                                   Certificate

                               H.B. FULLER COMPANY

                   [Insert title or sufficient description of
                        Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of
_________________________ (the "Indenture") between H.B. Fuller Company and
________________________________________ (the "Trustee"), covering the
above-captioned Debt Securities. This is to certify that as of the date hereof,
____________ principal amount of Debt Securities credited to you for our account
(i) is owned by persons that are not United States Persons, as defined below;
(ii) is owned by United States Persons that are (a) foreign branches of United
States financial institutions (as defined in U.S. Treasury Regulations Section
1.165-12(c)(1)(v)) ("financial institutions") purchasing for their own account
or for resale, or (b) United States Persons who acquired the Debt Securities
through foreign branches of United States financial institutions and who hold
the Debt Securities through such United States financial institutions on the
date hereof (and in either case (a) or (b), each such United States financial
institution encloses herewith a certificate in the form of Exhibit A-2 to the
Indenture); or (iii) is owned by United States or foreign financial institutions
for purposes of resale during the restricted period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United States or foreign
financial institutions described in clause (iii) above (whether or not also
described in clause (i) or (ii)) certify that they have not acquired the Debt
Securities for purposes of resale directly or indirectly to a United States
Person or to a person within the United States or its possessions.

     [Insert if certificate does not relate to an interest payment--We undertake
to advise you by tested telex followed by written confirmation if the above
statement as to beneficial ownership is not correct on the date of delivery of
the above-captioned Debt Securities in bearer form as to all of such Debt
Securities with respect to such of said Debt Securities as then appear in your
books as being held for our account.] We understand that this certificate is
required in connection with United States tax laws. We irrevocably authorize you
to produce this certificate or a copy hereof to any interested party in any
administrative or legal proceedings with respect to the matters covered by this
certificate. "United States Person" shall mean a citizen or resident of the
United States of America (including the District of Columbia), a corporation,
partnership or other entity created or organized in or under the laws of the
United States or any political subdivision thereof or an estate the income of
which is subject to United States Federal income taxation regardless of its
source, or a trust if a court within the United States is able to exercise
primary supervision over its administration and one or more United States
persons have the authority to control all of its substantial decisions, or
certain election trusts that were in existence on August 19, 1996, and were
treated as democratic trusts on that date.

     [This certificate excepts and does not relate to principal amount of Debt
Securities credited to you for our account and to which we are not now able to
make the certification set forth above. We understand that definitive Debt
Securities cannot be delivered and interest cannot be paid until we are able to
so certify with respect to such principal amount of Debt Securities.]*

<PAGE>

Dated:
       ---------------------------
[To be dated on or after
                     (the date
--------------------
determined as provided in the
Indenture)]
                                       [Name of Person Entitled to Receive
                                       Bearer Security]

                                       -----------------------------------------
                                                  (Authorized Signatory)
                                       Name:
                                             -----------------------------------
                                       Title:
                                              ----------------------------------

----------
*  Delete if inappropriate

                                     A-1-2

<PAGE>
                                                                     EXHIBIT A-2

                       [Form of Certificate of Status as a
            Foreign Branch of a United States Financial Institution]

                                   Certificate

                               H.B. FULLER COMPANY

                   [Insert title or sufficient description of
                        Debt Securities to be delivered]

     Reference is hereby made to the Indenture dated as of
______________________ (the "Indenture"), between H.B. Fuller Company and
____________________________, relating to the offering of the above-captioned
Debt Securities (the "Debt Securities"). Unless herein defined, terms used
herein have the same meaning as given to them in the Indenture.

     The undersigned represents that it is a branch located outside the United
States of a United States securities clearing organization, bank or other
financial institution (as defined in U.S. Treasury Regulation Section
1.165-12(c)(1)(v)) that holds customers' securities in the ordinary course of
its trade or business and agrees, and authorizes you to advise the issuer or the
issuer's agent, that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the
regulations thereunder and is not purchasing for resale directly or indirectly
to a United States Person or to a person within the United States or its
possessions. We undertake to advise you by tested telex followed by written
confirmation if the statement in the immediately preceding sentence is not
correct on the date of delivery of the above-captioned Debt Securities in bearer
form.

     We understand that this certificate is required in connection with the
United States tax laws. We irrevocably authorize you to produce this certificate
or a copy hereof to any interested party in any administrative or legal
proceedings with respect to the matters covered by this certificate.

Dated:
       ---------------------------
[To be dated on or after
                        (the
-----------------------
date determined as provided
in the Indenture)]

                                       [Name of Person Entitled to Receive
                                       Bearer Security]

                                       -----------------------------------------
                                                   (Authorized Signatory)
                                       Name:
                                             -----------------------------------
                                       Title:
                                              ----------------------------------

<PAGE>
                                                                       EXHIBIT B

   [Form of Certificate to be Given by Euroclear and Clearstream Banking, S.A.
            in Connection with the Exchange of All or a Portion of a
                     Temporary Global Security or to Obtain
                           Interest Prior to Exchange]

                                   Certificate

                               H.B. FULLER COMPANY

           [Insert title or sufficient description of Debt Securities
                                to be delivered]

     We refer to that portion, , of the Global Security representing the
above-captioned issue [which is herewith submitted to be exchanged for
definitive Debt Securities]* [for which we are seeking to obtain payment of
interest]* (the "Submitted Portion"). This is to certify, pursuant to the
Indenture dated as of ______________________ (the "Indenture") between H.B.
Fuller Company and ____________________________ (the "Trustee"), that we have
received in writing, by tested telex or by electronic transmission from member
organizations with respect to each of the persons appearing in our records as
being entitled to a beneficial interest in the Submitted Portion a Certificate
of Beneficial Ownership by a Non-United States Person or by Certain Other
Persons [and, in some cases, a Certificate of Status as a Foreign Branch of a
United States Financial Institution, authorizing us to inform the issuer or the
issuer's agent that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the
regulations thereunder]* substantially in the form of Exhibit A-1 [and A-2]* to
the Indenture.

     We hereby request that you deliver to the office of _____________ in
_____________ definitive Bearer Securities in the denominations on the attached
Schedule A.

     We further certify that as of the date hereof we have not received any
notification from any of the persons giving such certificates to the effect that
the statements made by them with respect to any part of the Submitted Portion
are no longer true and cannot be relied on as of the date hereof.

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

                                       [EUROCLEAR BANK S.A./N.V., as Operator of
                                       the Euroclear System]
                                       [Clearstream Banking, S.A.]

                                       By:
                                           -------------------------------------

----------
*  Delete if inappropriate.<PAGE>

                                                                    Exhibit 4(g)

                                 [Face of Note]

CUSIP NO. _________________                PRINCIPAL AMOUNT:  $_________________

REGISTERED NO. ____________

                               H.B. Fuller Company

                     Medium-Term Fixed Rate Note, Series ___

                   Due Nine Months Or More From Date Of Issue

[_] Check this box if this Security is a Global Security.

     Applicable if this Security is a Global Security:

     [Unless this certificate is presented by an authorized representative of
The Depository Trust Company, a New York corporation (55 Water Street, New York,
New York) ("DTC"), to the Issuer or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of
Cede & Co. or in such other name as requested by an authorized representative of
DTC (and any payment is made to Cede & Co. or 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.]

     [If applicable, this Security will contain information required by U.S.
Federal Income Tax "Original Issue Discount" rules, as that term is defined in
the Internal Revenue Code of 1986, as amended.]

ORIGINAL ISSUE DATE:          ISSUE PRICE:  %              INTEREST RATE PER
                                                           ANNUM:

STATED MATURITY DATE:         INTEREST PAYMENT             REGULAR RECORD DATES:
                              DATES:

OPTIONAL REDEMPTION:          INITIAL REDEMPTION           ANNUAL REDEMPTION
                              PERCENTAGE:                  PERCENTAGE REDUCTION:

<PAGE>

INITIAL REDEMPTION     SINKING FUND:                OPTION TO ELECT
DATE:                                               REPAYMENT:

OPTIONAL REPAYMENT     MINIMUM                      DEPOSITARY (Only applicable
DATE(S):               DENOMINATIONS:               if this Security is a Global
                       [_] $1,000      [_] Other    Security):

OTHER TERMS:

     H.B. FULLER COMPANY, a corporation duly organized and existing under the
laws of the State of Minnesota (hereinafter called the "Company", which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to __________________, or registered
assigns, the principal sum of _______________________ Dollars ($______________)
on the Stated Maturity Date shown above (except to the extent redeemed or repaid
prior to such date) and to pay interest, if any, on the principal amount hereof
at the Interest Rate shown above (computed on the basis of a 360-day year of
twelve 30-day months), semi-annually on each Interest Payment Date set forth
above from and after the date of this Security and at Maturity until payment of
the principal amount hereof has been made or duly provided for. Unless this
Security is a Security which has been issued upon transfer of, in exchange for,
or in replacement of, a Predecessor Security, interest on this Security shall
accrue from the Original Issue Date indicated above. If this Security has been
issued upon transfer of, in exchange for, or in replacement of, a Predecessor
Security, interest on this Security shall accrue from the last Interest Payment
Date to which interest was paid on such Predecessor Security or, if no interest
was paid on such Predecessor Security, from the Original Issue Date indicated
above. The first payment of interest on a Security originally issued and dated
between a Regular Record Date specified above and an Interest Payment Date will
be due and payable on the Interest Payment Date following the next succeeding
Regular Record Date to the registered owner on such next succeeding Regular
Record Date. Subject to certain exceptions provided in the Indenture referred to
herein below, the interest so payable on any Interest Payment Date will be paid
to the Person in whose name this Security is registered at the close of business
on the Regular Record Date (whether or not a Business Day) next preceding such
Interest Payment Date, and interest payable upon Maturity will be paid to the
person to whom principal is payable.

     Any interest not punctually paid or duly provided for will forthwith cease
to be payable to the Holder on such Regular Record Date and may either be paid
to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Securities of this series not less than 10
days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange
on which the Securities of

                                        2

<PAGE>

this series may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in the Indenture.

     Until this Security is paid in full or payment therefor in full is duly
provided for, the Company will at all times maintain a Paying Agent (which
Paying Agent may be the Trustee) in St. Paul, Minnesota and New York City. The
Company has initially appointed ______________________________ as the Paying
Agent at its offices at
______________________________________________________________________.

     If this Security is a Global Security: Payments of principal and any
premium and interest on this Security will be made to DTC or its nominee, as
Holder of this Security, by wire transfer of immediately available funds.

     If this Security is not a Global Security: Payment of interest on this
Security (other than payments of interest at Maturity) will be made by check
mailed to the Person entitled thereto at such Person's last address as it
appears in the Security Register or, in the case of a Holder of $50,000,000 or
more in aggregate principal amount of Securities of this series, by wire
transfer of immediately available funds to such account as may have been
designated by such Holder. Any such designation for wire transfer purposes shall
be made by filing the appropriate information with the Paying Agent at its
corporate trust office not later than 15 calendar days prior to the applicable
Interest Payment Date and, unless revoked by written notice to the Paying Agent
received by the Paying Agent on or prior to the Regular Record Date immediately
preceding the applicable Interest Payment Date, shall remain in effect with
respect to any further payments with respect to this Security payable to such
Holder. Payment of principal of and interest, if any, on this Security at
Maturity will be made against presentation of this Security at the office or
agency of the Company maintained for that purpose in St. Paul, Minnesota or New
York City.

     The Company will pay any administrative costs imposed by banks on payors in
making payments on this Security in immediately available funds and the Holder
of this Security will pay any administrative costs imposed by banks on payees in
connection with such payments. Any tax, assessment or governmental charge
imposed upon payments on this Security will be borne by the Holder of this
Security.

     Any payment on this Security due on any day which is not a Business Day
need not be made on such day, but may be made on the next succeeding Business
Day with the same force and effect as if made on the due date and no additional
interest shall accrue on the amount so payable for the period from and after
such date. For purposes of this Security, "Business Day" means any day other
than a Saturday, Sunday or a legal holiday or a day on which banking
institutions are authorized or required by law or regulation to close in St.
Paul, Minnesota or New York City.

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

                                        3

<PAGE>

     Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                                        4

<PAGE>

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

Dated: _____________________                  H.B. FULLER COMPANY

                                              By:     __________________________
                                                      Its:______________________

[SEAL]                                        Attest: __________________________
                                                      Its:______________________

TRUSTEE'S CERTIFICATE OF
AUTHENTICATION

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

______________________________________, as Trustee

By:    _______________________________
       Authorized Signature

                                        5

<PAGE>

                                [Reverse of Note]

                               H.B. Fuller Company

                     Medium-Term Fixed Rate Note, Series ___

                   Due Nine Months Or More From Date Of Issue

General

         This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under an indenture dated as of ____________________, as amended or
supplemented from time to time (herein called the "Indenture"), between the
Company and _______________________________, as Trustee (herein called the
"Trustee", which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto, reference is hereby
made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities, and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series of the
Securities, which series is limited to an aggregate principal amount of
$__________ or the equivalent thereof in one or more foreign or composite
currencies, designated as Medium-Term Notes, Series ___, of the Company. The
Securities of this series may mature at different times, bear interest, if any,
at different rates, be redeemable at different times or not at all, be repayable
at the option of the Holder at different times or not at all, be issued at an
original issue discount and be denominated in different currencies.

Events of Default

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

Modification and Waivers; Obligation of the Company Absolute

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at
the time Outstanding of all series to be affected, acting together as a class.
The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
certain past defaults under the Indenture and their consequences. In addition,
the Holders of a majority in principal amount of the Securities of all the
series at the time Outstanding affected by a particular covenant or

                                        6

<PAGE>

condition, acting as one class, may on behalf of all Holders of such series
waive compliance by the Company with such covenants or conditions. Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of and interest on this
Security at the times, place and rate, and in the coin or currency, herein
prescribed, except that in the event the Company deposits money or Government
Obligations as provided in Section 401 or 403 of the Indenture, such payments
will be made only from proceeds of such money or Government Obligations.

Defeasance And Covenant Defeasance

         The Indenture contains provisions for defeasance at any time of (a) the
entire indebtedness on this Security and (b) certain restrictive covenants and
certain Events of Default, upon compliance by the Company with certain
conditions set forth therein, which provisions apply to this Security.

Redemption

         If so provided on the face hereof, the Company may at its option redeem
this Security in whole or from time to time in part in increments of $1,000
(provided that any remaining principal amount of this Security shall not be less
than the minimum authorized denomination hereof) on or after the date designated
as the Initial Redemption Date on the face hereof at 100% of the unpaid
principal amount hereof or the portion thereof redeemed multiplied by a
percentage (the "Redemption Percentage"), together with accrued interest, if
any, to the Redemption Date. The Redemption Percentage shall initially be equal
to the Initial Redemption Percentage specified on the face hereof and shall
decline at each anniversary of the Initial Redemption Date by the amount of the
Annual Redemption Percentage Reduction specified on the face hereof, until the
Redemption Percentage is equal to 100%. The Company may exercise such option by
causing the Trustee to mail a notice of such redemption at least 30 but not more
than 60 days prior to the applicable Redemption Date to each Holder of the
Securities of this series to be redeemed. In the event of redemption of this
Security in part only, the Company shall issue a new Security or Securities for
the unredeemed portion hereof in the name of the Holder hereof upon the
cancellation hereof. If less than all of the Securities of this series with like
tenor and terms are to be redeemed, the Securities to be redeemed shall be
selected by the Trustee by such method as the Trustee shall deem fair and
appropriate.

                                        7

<PAGE>

Sinking Fund

         Unless otherwise specified on the face hereof, this Security will not
be entitled to any sinking fund.

Repayment

         If so provided on the face hereof, this Security will be repayable
prior to the Stated Maturity Date at the option of the Holder, in whole or in
part and in increments of $1,000 (provided that any remaining principal amount
of this Security surrendered for partial repayment shall not be less than the
minimum authorized denomination hereof), on or after the date designated as an
Optional Repayment Date on the face hereof at 100% of the principal amount to be
repaid, plus accrued interest, if any, to the Repayment Date. In order for this
Security to be repaid, the Company must receive at the applicable address of the
Paying Agent set forth below or at such other place or places of which the
Company shall from time to time notify the Holder of the within Security, at
least 30 but not more than 45 days prior to an Optional Repayment Date, either
(i) this Security, with the form below entitled "Option to Elect Repayment" duly
completed, or (ii) a telegram, telex, facsimile transmission, or letter from a
member of a national securities exchange or the National Association of
Securities Dealers, Inc. or a commercial bank or a trust company in the United
States of America setting forth (a) the name, address and telephone number of
the Holder of this Security, (b) the principal amount of this Security and the
amount of this Security to be repaid, (c) a statement that the option to elect
repayment is being exercised thereby, and (d) a guarantee stating that the
Company will receive this Security, with the form below entitled "Option to
Elect Repayment" duly completed, not later than five Business Days after the
date of such telegram, telex, facsimile transmission or letter (and this
Security and form duly completed are received by the Company by such fifth
Business Day). Any such election shall be irrevocable. The address to which such
deliveries to ____________________________ are to be made is
______________________________ (or, at such other place as the Company shall
notify the Holders of the Securities of this series). All questions as to the
validity, eligibility (including time of receipt) and acceptance of any Security
for repayment will be determined by the Company, whose determination will be
final and binding. Upon any partial repayment, this Security shall be cancelled
and a new Security or Securities for the remaining principal amount hereof shall
be issued in the name of the Holder of this Security.

Authorized Denominations

         Unless otherwise provided on the face hereof, this Security is issuable
only in registered form without coupons in denominations of $1,000 or any amount
in excess thereof which is an integral multiple of $1,000.

                                        8

<PAGE>

Registration of Transfer

         Upon due presentment for registration of transfer of this Security at
the office or agency of the Company maintained in St. Paul, Minnesota or New
York City, a new Security or Securities of this series in authorized
denominations for an equal aggregate principal amount will be issued to the
transferee in exchange herefor, as provided in the Indenture and subject to the
limitations provided therein and to the limitations described below, without
charge except for any tax or other governmental charge imposed in connection
therewith.

         If this Security is a Global Security (as specified above), this
Security is exchangeable for definitive Securities in registered form only if
(x) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for this Security or if at any time the Depositary ceases
to be a clearing agency registered under the Securities Exchange Act of 1934, as
amended, and the Company does not appoint a successor Depositary within 90 days
after receiving such notice or after becoming aware that the Depositary has
ceased to be so registered as a clearing agency, (y) the Company in its sole
discretion determines that this Security shall be exchangeable for definitive
Securities in registered form and notifies the Trustee thereof or (z) an Event
of Default with respect to the Securities represented hereby has occurred and is
continuing. If this Security is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for definitive Securities in registered form, bearing
interest at the same rate, having the same date of issuance, redemption
provisions, Stated Maturity Date and other terms and of authorized denominations
aggregating a like amount.

         If this Security is a Global Security (as specified above), this
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 of the Depositary or a nominee of such successor. Except as provided
above, owners of beneficial interests in this Global Security will not be
entitled to receive physical delivery of Securities in definitive form and will
not be considered the Holders hereof for any purpose under the Indenture.

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

No Personal Recourse

         No recourse shall be had for the payment of the principal of or the
interest on this Security, or for any claim based hereon, or otherwise in
respect hereof, or based on or in respect of the Indenture or any indenture
supplemental thereto, against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or
by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the

                                        9

<PAGE>

acceptance hereof and as part of the consideration for the issuance hereof,
expressly waived and released.

Defined Terms

         All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

Governing Law

         This Security shall be governed by and construed in accordance with the
law of the State of Minnesota, without regard to principles of conflicts of
laws.

                                       10

<PAGE>

                            OPTION TO ELECT REPAYMENT

               TO BE COMPLETED ONLY IF THIS SECURITY IS REPAYABLE
                   AT THE OPTION OF THE HOLDER AND THE HOLDER
                          ELECTS TO EXERCISE SUCH RIGHT

         The undersigned hereby irrevocably requests and instructs the Company
to repay the within Security (or the portion thereof specified below), pursuant
to its terms, on the Optional Repayment Date first occurring after the date of
receipt by the Company of the within Security as specified below (the "Repayment
Date"), at a Repayment Price equal to 100% of the principal amount thereof,
together with interest to the Repayment Date, to the undersigned,
______________________________________________________________, at
__________________________________________________________________ (please print
or typewrite name and address of the undersigned).

         For this option to elect repayment to be effective, the Company must
receive, at the applicable address of the Paying Agent set forth in the within
Security or at such other place or places of which the Company shall from time
to time notify the Holder of the within Security, at least 30 but not more than
45 days prior to an Optional Repayment Date, either (i) this Security, with this
"Option to Elect Repayment" form duly completed, or (ii) a telegram, telex,
facsimile transmission, or letter from a member of a national securities
exchange or the National Association of Securities Dealers, Inc. or a commercial
bank or a trust company in the United States of America setting forth (a) the
name, address and telephone number of the Holder of the Security, (b) the
principal amount of the Security and the amount of the Security to be repaid,
(c) a statement that the option to elect repayment is being irrevocably
exercised thereby, and (d) a guarantee stating that the Security to be repaid
with the form entitled "Option to Elect Repayment" on the addendum to the
Security duly completed will be received by the Company not later than five
Business Days after the date of such telegram, telex, facsimile transmission or
letter (and such Security and form duly completed are received by the Company by
such fifth Business Day).

         If less than the entire principal amount of the within Security is to
be repaid, specify the portion thereof (which shall be an integral multiple of
$1,000) which the Holder elects to have repaid: $__________.

         If less than the entire principal amount of the within Security is to
be repaid, specify the denomination or denominations (which shall be $1,000 or
an integral multiple thereof) of the Security or Securities to be issued to the
Holder for the portion of the within Securities not being repaid (in the absence
of any specification, one such Security will be issued for the portion not being
repaid): $______________.

Date: __________________________                ________________________________
                                                Notice: The signature to this
                                                Option to Elect Repayment must
                                                correspond with the name as
                                                written upon page 2 of the
                                                within Security in every
                                                particular without alteration or
                                                enlargement or any change
                                                whatsoever.

                                       11

<PAGE>

                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:

         TEN COM: as tenants in common

         TEN ENT: as tenants by the entireties

         JT TEN: as joint tenants with right of survivorship and not as tenants
in common

         UNIF GIFT MIN ACT:   ________   Custodian   __________
                               (Cust)                 (Minor)

         Under Uniform Gifts to Minors Act

         _________________________________
                      (State)

         Additional abbreviations may also be used though not in the above list.

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

         Please Insert Social Security or
         Other Identifying Number of Assignee

         ___________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(PLEASE PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

the within Security of H.B. FULLER COMPANY and all rights thereunder and does
hereby irrevocably constitute and appoint ____________________ attorney to
transfer the said Security on the books of the within-named Company, with full
power of substitution in the premises.

Dated: ___________________________

                                                   _____________________________
                             Signature Guaranteed:
                                                   _____________________________

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within Security in every particular, without
alteration or enlargement or any change whatsoever.

                                       12

<PAGE>

                                 [Face of Note]

CUSIP NO. _______________________        PRINCIPAL AMOUNT: $_________________

REGISTERED NO. ____________________

                               H.B. Fuller Company

                   Medium-Term Floating Rate Note, Series ___

                   Due Nine Months Or More From Date Of Issue

[_] Check this box if this Security is a Global Security.

         Applicable if this Security is a Global Security:

         [Unless this certificate is presented by an authorized representative
of The Depository Trust Company, a New York corporation (55 Water Street, New
York, New York) ("DTC"), to the Issuer or its agent for registration of
transfer, exchange or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or 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.]

         [If applicable, this Security will contain information required by U.S.
Federal Income Tax "Original Issue Discount" rules, as that term is defined in
the Internal Revenue Code of 1986, as amended.]

ORIGINAL ISSUE DATE:     ISSUE PRICE:    %               STATED MATURITY DATE:

BASE RATE:               INITIAL INTEREST RATE:          INTEREST PAYMENT
                                                         DATES:

REGULAR RECORD DATES:    INTEREST DETERMINATION          CALCULATION DATES:
                         DATES:

MAXIMUM RATE:            MINIMUM RATE:                   INTEREST RESET PERIOD:

<PAGE>

INTEREST RESET DATES:        INITIAL INTEREST RESET     SPREAD MULTIPLIER:
                             DATE:

SPREAD:  +                   INDEX MATURITY:            DESIGNATED CMT
         -                                              MATURITY INDEX AND
                                                        DESIGNATED TELERATE
                                                        PAGE (Only applicable if
                                                        the Base Rate is CMT):

DESIGNATED LIBOR PAGE        INDEX CURRENCY             CALCULATION AGENT:
(Only applicable             (Only applicable if the
if Base Rate is LIBOR):      Base Rate is LIBOR):
[_] LIBOR Telerate (p. ___)
[_] LIBOR Reuters (p. ___)

OPTIONAL REDEMPTION          INITIAL REDEMPTION DATE    INITIAL REDEMPTION
(at option of Company):      (at option of Company):    PERCENTAGE:

ANNUAL REDEMPTION            SINKING FUND:              OPTION TO ELECT
PERCENTAGE REDUCTION:                                   REPAYMENT:

OPTIONAL REPAYMENT           MINIMUM                    DEPOSITARY (Only
DATE(S):                     DENOMINATIONS:             applicable if this
                             [_] $1,000   [_] Other     Security is a Global
                                                        Security):

OTHER TERMS:

     H.B. FULLER COMPANY, a corporation duly organized and existing under the
laws of the State of Minnesota (herein called the "Company", which term includes
any successor corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to ______________________________, or
registered assigns, the principal sum of ________________________________
__ Dollars ($_____________) on the Stated Maturity Date shown above (except to
the extent redeemed or repaid prior to such date) and to pay interest, if any,
on the Interest Payment Dates specified above, commencing with the first
Interest Payment Date specified above following the Original Issue Date
specified above, and at Maturity, on the principal amount hereof at such offices
and agencies, at a rate per annum equal to the Initial Interest Rate specified
above until the Initial Interest Reset Date specified above following the
Original Issue Date specified above and thereafter at a rate per annum
determined in accordance with the provisions on the reverse hereof under the
heading "Determination of CD Rate", "Determination of Commercial Paper Rate",
"Determination of Federal Funds Rate", "Determination of LIBOR", "Determination
of Prime Rate", "Determination of Treasury Rate" or "Determination of CMT Rate",
depending upon whether the Base Rate is CD Rate,

                                        2

<PAGE>

Commercial Paper Rate, Federal Funds Rate, LIBOR, Prime Rate, Treasury Rate or
CMT Rate, as specified above.

         Any Interest Payment Date specified above that would fall on a day that
is not a Business Day, other than an Interest Payment Date that is also the date
of Maturity, shall be the following day that is a Business Day, except that, if
the Base Rate specified above is LIBOR and such following Business Day is in the
next calendar month, such Interest Payment Date shall be the immediately
preceding day that is a Business Day. If the date of Maturity would fall on a
day that is not a Business Day, the payment of principal and any premium and
interest shall be made on the following Business Day, with the same force and
effect as if made on the due date, and no additional interest shall accrue on
the amount so payable for the period from and after such date of Maturity. For
purposes of this Security, "Business Day" means (a) any day other than a
Saturday, Sunday or a legal holiday or a day on which banking institutions are
authorized or required by law or regulation to close in St.Paul, Minnesota or
New York City, and (b) if the Base Rate specified above is LIBOR, any such day
which is also a London Banking Day. For purposes of this Security, ("London
Banking Day" means any day on which dealings in deposits in the Index Currency
specified above are transacted in the London interbank market).

         Interest payments on this Security shall be the amount of interest
accrued from and including the Original Issue Date specified above or from and
including the last date to which interest has been paid, or provided for, as the
case may be, to but excluding, the following Interest Payment Date or the date
of Maturity. If this Security has been issued upon transfer of, in exchange for,
or in replacement of, a Predecessor Security, interest on this Security shall
accrue from the last Interest Payment Date to which interest was paid on such
Predecessor Security or, if no interest was paid on such Predecessor Security,
from the Original Issue Date specified above.

         Subject to certain exceptions provided in the Indenture referred to on
the reverse hereof, the interest so payable on any Interest Payment Date shall
be paid to the Person in whose name this Security is registered at the close of
business on the Regular Record Date (whether or not a Business Day) next
preceding such Interest Payment Date, and interest payable upon the Maturity
(whether or not such date of Maturity is an Interest Payment Date) shall be paid
to the Person to whom principal is payable; provided, however, that the first
payment of interest on a Security originally issued and dated between a Regular
Record Date specified above and an Interest Payment Date shall be due and
payable on the Interest Payment Date following the next succeeding Regular
Record Date to the registered owner on such next succeeding Regular Record Date.
Unless otherwise specified on the face hereof, "Regular Record Date" shall mean
the fifteenth calendar day (whether or not a Business Day) immediately preceding
the related Interest Payment Date.

         Any interest not punctually paid or duly provided for shall forthwith
cease to be payable to the Holder on such Regular Record Date and may either be
paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Securities of this series not less than 10
days prior

                                        3

<PAGE>

to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in the Indenture.

     Until this Security is paid in full or payment therefor in full is duly
provided for, the Company shall at all times maintain a Paying Agent (which
Paying Agent may be the Trustee) in St. Paul, Minnesota and New York City. The
Company has initially appointed ____________________________________ as the
Paying Agent at its offices at _________________________________________________
__________.

     If this Security is a Global Security: Payments of principal and any
premium and interest on this Security shall be made to DTC or its nominee, as
Holder of this Security, by wire transfer of immediately available funds.

     If this Security is not a Global Security: Payment of interest on this
Security (other than payments of interest at Maturity) shall be made by check
mailed to the Person entitled thereto at such Person's last address as it
appears in the Security Register or, in the case of a Holder of $50,000,000 or
more in aggregate principal amount of Securities of this series, by wire
transfer of immediately available funds to such account as may have been
designated by such Holder. Any such designation for wire transfer purposes shall
be made by filing the appropriate information with the Paying Agent at its
corporate trust office not later than 15 calendar days prior to the applicable
Interest Payment Date and, unless revoked by written notice to the Paying Agent
received by the Paying Agent on or prior to the Regular Record Date immediately
preceding the applicable Interest Payment Date, shall remain in effect with
respect to any further payments with respect to this Security payable to such
Holder. Payment of principal of and interest, if any, on this Security at
Maturity shall be made against presentation of this Security at the office or
agency of the Company maintained for that purpose in St. Paul, Minnesota or New
York City.

     The Company shall pay any administrative costs imposed by banks on payors
in making payments on this Security in immediately available funds and the
Holder of this Security will pay any administrative costs imposed by banks on
payees in connection with such payments. Any tax, assessment or governmental
charge imposed upon payments on this Security shall be borne by the Holder of
this Security.

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

     Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                                        4

<PAGE>

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

Dated: _____________________                  H.B. FULLER COMPANY

                                              By:     __________________________
                                                      Its:______________________

[SEAL]                                        Attest: __________________________
                                                      Its:______________________

TRUSTEE'S CERTIFICATE OF
AUTHENTICATION

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

______________________________________, as Trustee

By:    _______________________________
       Authorized Signature

                                        5

<PAGE>

                                [Reverse of Note]

                               H.B. Fuller Company

                   Medium-Term Floating Rate Note, Series ___

                   Due Nine Months Or More From Date Of Issue

General

     This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under an indenture dated as of ____________________, as amended or
supplemented from time to time (herein called the "Indenture"), between the
Company and _________________________________, as Trustee (herein called the
"Trustee", which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto, reference is hereby
made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities, and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series of the
Securities, which series is limited to an aggregate principal amount of
$____________________ or the equivalent thereof in one or more foreign or
composite currencies, designated as Medium-Term Notes, Series ___, of the
Company. The Securities of this series may mature at different times, bear
interest, if any, at different rates, be redeemable at different times or not at
all, be repayable at the option of the Holder at different times or not at all,
be issued at an original issue discount and be denominated in different
currencies.

Interest Rate Reset

     The interest rate in effect from the Original Issue Date to the Initial
Interest Reset Date specified on the face hereof shall be the Initial Interest
Rate specified on the face hereof. Commencing with the Initial Interest Reset
Date specified on the face hereof following the Original Issue Date specified on
the face hereof, the rate at which interest on this Security is payable shall be
adjusted daily, weekly, monthly, quarterly, semi-annually or annually as
specified on the face hereof under "Interest Reset Period". Each such adjusted
rate shall be applicable from and including the Interest Reset Date to which it
relates to but not including the next succeeding Interest Reset Date or until
Maturity, as the case may be. Subject to applicable provisions of law and except
as specified herein, on each Interest Reset Date, the rate of interest on this
Security shall be the rate determined with respect to the Interest Determination
Date next preceding such Interest Reset Date in accordance with the provisions
of the applicable heading below and adjusted by the addition or subtraction of
the Spread, if any, specified on the face hereof, and/or by the multiplication
by the Spread Multiplier, if any, specified on the face hereof.

                                        6

<PAGE>

     If any Interest Reset Date would otherwise be a day that is not a Business
Day, such Interest Reset Date shall be the following Business Day, except that
if the Base Rate specified above is LIBOR and if such following Business Day is
in the next calendar month, such Interest Reset Date shall be the immediately
preceding Business Day.

     Accrued interest shall be calculated by multiplying the principal amount by
an accrued interest factor. Such accrued interest factor shall be computed by
adding the interest factor calculated for each day in the period for which
interest is being paid. Unless otherwise specified on the face hereof, the
interest factor for each such day will be computed by dividing the interest rate
(expressed as a decimal) applicable to such day by 360, if the Base Rate is the
CD Rate, the Commercial Paper Rate, the Federal Funds Rate, LIBOR or the Prime
Rate or by the actual number of days in the year, if the Base Rate is the
Treasury Rate or the CMT Rate.

     Unless otherwise specified on the face hereof, all percentages resulting
from any calculation referred to herein shall be rounded, if necessary, to the
nearest one hundred-thousandth of a percentage point, with five one-millionths
of one percentage point rounded upward (e.g., 9.876545% (or. 09876545) being
rounded to 9.87655% (or .0987655) and 9.876544% (or .09876544) being rounded to
9.87654% (or .0987654)), and all dollar amounts used in or resulting from any
such calculation on this Security shall be rounded to the nearest cent (with
one-half cent being rounded upwards).

     Notwithstanding the foregoing, the interest rate per annum hereon shall not
be greater than the Maximum Interest Rate, if any, or less than the Minimum
Interest Rate, if any, specified on the face hereof. The Calculation Agent shall
calculate the interest rate hereon in accordance with the foregoing on or before
each Calculation Date.

     The interest rate on this Security shall in no event be higher than the
maximum rate permitted by Minnesota law, as the same may be modified by United
States law of general application.

     At the request of the Holder hereof, the Calculation Agent shall provide to
the Holder hereof the interest rate hereon then in effect and, if determined,
the interest rate that shall become effective on the next Interest Reset Date
with respect to this Security. The Calculation Agent's determination of any
interest rate shall be final and binding in the absence of manifest error.

Determination of CD Rate

     If the Base Rate specified on the face hereof is CD Rate, the interest rate
per annum determined with respect to any Interest Determination Date specified
on the face hereof (each, a "CD Interest Determination Date") shall equal the
rate on such date for negotiable certificates of deposit having the specified
Index Maturity as published by the Board of Governors of the Federal Reserve
System in "Statistical Release H.15(519), Selected Interest

                                        7

<PAGE>

Rates" or any successor publication of the Board of Governors of the Federal
Reserve System ("H.15(519)") under the heading "CDs (Secondary Market)."

     The following procedures shall be followed if the CD Rate cannot be
determined as described above:

     .    If the above rate is not published in H.15(519) by 9:00 a.m., New York
          City time, on the Calculation Date, the CD Rate shall be the rate on
          the applicable CD Interest Determination Date set forth in the daily
          update of H.15(519), available through the world wide website of the
          Board of Governors of the Federal Reserve System at
          http://www.bog.frb.fed.us/releases/h15/update, or any successor site
          or publication ("H.15 Daily Update"), or another recognized electronic
          source used for the purpose of displaying this rate, for the day in
          respect of certificates of deposit having the Index Maturity specified
          on the face hereof under the caption "CDs (secondary market)."

     .    If such rate is not yet published in either H.15(519) or the H.15
          Daily Update or another recognized electronic source by 3:00 p.m., New
          York City time, on the Calculation Date, then the Calculation Agent
          shall determine the CD Rate to be the arithmetic mean of the secondary
          market offered rates as of 10:00 a.m., New York City time, on such CD
          Interest Determination Date of three leading nonbank dealers in
          negotiable U.S. dollar certificates of deposit in New York City
          selected by the Calculation Agent for negotiable certificates of
          deposit in a denomination of $5,000,000 of major United States money
          center banks of the highest credit standing (in the market for
          negotiable certificates of deposit) with a remaining maturity closest
          to the Index Maturity specified on the face hereof.

     .    If the dealers selected by the Calculation Agent are not quoting as
          mentioned immediately above, the CD Rate in effect immediately prior
          to such CD Interest Determination Date shall not change and shall
          remain the CD Rate in effect on such CD Interest Determination Date.

Determination of Commercial Paper Rate

     If the Base Rate specified on the face hereof is Commercial Paper Rate, the
interest rate per annum determined with respect to any Interest Determination
Date specified on the face hereof (each, a "Commercial Paper Interest
Determination Date") shall equal the Money Market Yield (calculated as described
below) of the rate on such date for commercial paper having the Index Maturity
specified on the face hereof as published in H.15(519) under the heading
"Commercial Paper--Nonfinancial."

                                        8

<PAGE>

     The following procedures shall be followed if the Commercial Paper Rate
cannot be determined as described above:

     .    If the above rate is not published by 9:00 a.m., New York City time,
          on the Calculation Date, then the Commercial Paper Rate shall be the
          Money Market Yield of the rate on the applicable Commercial Paper
          Interest Determination Date for commercial paper having the Index
          Maturity specified on the face hereof as published in H.15 Daily
          Update, or another recognized electronic source used for the purpose
          of displaying this rate, under the heading "Commercial
          Paper--Nonfinancial."

     .    If by 3:00 p.m., New York City time, on such Calculation Date such
          rate is not yet published in either H.15(519) or H.15 Daily Update or
          another recognized electronic source, then the Calculation Agent shall
          determine the Commercial Paper Rate to be the Money Market Yield of
          the arithmetic mean of the offered rates of 11:00 a.m., New York City
          time, on such Commercial Paper Interest Determination Date of three
          leading dealers of commercial paper in New York City selected by the
          Calculation Agent for commercial paper having the Index Maturity
          specified on the face hereof placed for an industrial issuer whose
          bond rating is "Aa," or the equivalent, from a nationally recognized
          statistical rating agency.

     .    If the dealers selected by the Calculation Agent are not quoting as
          mentioned immediately above, the Commercial Paper Rate in effect
          immediately prior to such Commercial Paper Interest Determination Date
          shall not change and shall remain the Commercial Paper Rate in effect
          on such Commercial Paper Interest Determination Date.

     "Money Market Yield" will be a yield calculated in accordance with the
following formula:

                                         D x 360
          Money Market Yield =  ------------------------- x 100
                                      360 - (D x M)

where "D" refers to the applicable per annum rate for commercial paper quoted on
a bank discount basis and expressed as a decimal and "M" refers to the actual
number of days in the interest period for which interest is being calculated.

Determination of Federal Funds Rate

     If the Base Rate specified on the face hereof is Federal Funds Rate, the
interest rate per annum determined with respect to any Interest Determination
Date specified on the face

                                        9

<PAGE>

hereof (each, a "Federal Funds Interest Determination Date") shall equal the
rate on that day for federal funds as published in H.15(519) under the heading
"Federal Funds (Effective)."

     The following procedures shall be followed if the Federal Funds Rate cannot
be determined as described above:

     .    If the above rate is not published by 9:00 a.m., New York City time,
          on the Calculation Date, the Federal Funds Rate shall be the rate on
          the applicable Federal Funds Interest Determination Date as published
          in H.15 Daily Update, or another recognized electronic source used for
          the purpose of displaying this rate, under the heading "Federal
          Funds/(Effective)."

     .    If such rate is not yet published in either H.15(519) or H.15 Daily
          Update or another recognized electronic source by 3:00 p.m., New York
          City time, on the Calculation Date, the Calculation Agent shall
          determine the Federal Funds Rate to be the arithmetic mean of the
          rates for the last transaction in overnight U.S. dollar Federal Funds
          arranged by each of three leading brokers of U.S. dollar Federal Funds
          transactions in New York City selected by the Calculation Agent prior
          to 9:00 a.m., New York City time, on such Federal Funds Interest
          Determination Date.

     .    If the brokers selected by the Calculation Agent are not quoting as
          mentioned above, the Federal Funds Rate in effect immediately prior to
          such Federal Funds Interest Determination Date shall not change and
          shall remain the Federal Funds Rate in effect on such Federal Funds
          Interest Determination Date.

Determination of LIBOR

     If the Base Rate specified on the face hereof is the London interbank
offered rate ("LIBOR"), the interest rate per annum determined with respect to
any Interest Determination Date specified on the face hereof (each, a "LIBOR
Interest Determination Date") shall be determined by the Calculation Agent as
follows:

     .    As of the LIBOR Interest Determination Date, LIBOR shall be either:

          .    if "LIBOR Reuters" is specified on the face hereof, the
               arithmetic mean of the offered rates (unless the Designated LIBOR
               Page (as defined below) by its terms provides only for a single
               rate, in which case such single rate shall be used) for deposits
               in the Index Currency (as defined below) having the Index
               Maturity specified on the face hereof, commencing on the
               applicable Interest Reset Date, that appear (or, if only a single
               rate is provided as aforesaid, appears) on the Designated

                                       10

<PAGE>

               LIBOR Page as of 11:00 a.m., London time, on such LIBOR Interest
               Determination Date; or

          .    if "LIBOR Telerate" is specified on the face hereof or if neither
               "LIBOR Reuters" nor "LIBOR Telerate" is specified on the face
               hereof as the method for calculating LIBOR, the rate for deposits
               in the Index Currency having the Index Maturity specified on the
               face hereof, commencing on such Interest Reset Date, that appears
               on the Designated LIBOR Page as of 11:00 a.m., London time, on
               such LIBOR Interest Determination Date.

     If fewer than the required number of applicable rates appear, LIBOR on such
     LIBOR Interest Determination Date shall be determined in accordance with
     the provisions described immediately below.

     .    With respect to a LIBOR Interest Determination Date on which fewer
          than the required number of applicable rates appear on the Designated
          LIBOR Page as specified immediately above, the Calculation Agent will
          request the principal London offices of each of four major reference
          banks in the London interbank market, as selected by the Calculation
          Agent, to provide the Calculation Agent with its offered quotation for
          deposits in the Index Currency for the period of the Index Maturity
          specified on the face hereof, commencing on the applicable Interest
          Reset Date, to prime banks in the London interbank market at
          approximately 11:00 a.m., London time, on such LIBOR Interest
          Determination Date and in a principal amount not less than $1,000,000
          (or the equivalent in the Index Currency as applicable) that is
          representative for a single transaction in such Index Currency in such
          market at such time. If at least two quotations are so provided, then
          LIBOR on such LIBOR Interest Determination Date shall be the
          arithmetic mean of such quotations.

     .    If only one or no such quotations are so provided, then LIBOR on such
          LIBOR Interest Determination Date shall be the arithmetic mean of the
          rates quoted at approximately 11:00 a.m., in the applicable principal
          financial center for the country of the Index Currency, on such LIBOR
          Interest Determination Date by three major banks in such principal
          financial center selected by the Calculation Agent for loans in the
          Index Currency to leading European banks, having the Index Maturity
          specified on the face hereof and in a principal amount not less than
          $1,000,000 (or the equivalent in the Index Currency as applicable)
          that is representative for a single transaction in such Index Currency
          in such market at such time.

     .    If the banks so selected by the Calculation Agent are not quoting as
          mentioned immediately above, LIBOR in effect immediately prior to such
          LIBOR

                                       11

<PAGE>

          Interest Determination Date shall not change and shall remain the
          LIBOR in effect on such LIBOR Interest Determination Date.

     For purposes of the preceding discussion, the following capitalized terms
have the following meanings:

     "Index Currency" means the currency specified on the face hereof (which may
be a composite currency) for which LIBOR shall be calculated. If no such
currency is specified, the Index Currency shall be U.S. dollars.

     "Designated LIBOR Page" means:

     .    if "LIBOR Reuters" is designated on the face hereof, the display on
          the Reuters Monitor Money Rates Service (or any successor service) on
          the page specified on the face hereof (or any other page as may
          replace such page or such service (or any successor service)) for the
          purpose of displaying the London interbank rates of major banks for
          the applicable Index Currency; or

     .    if "LIBOR Telerate" is designated on the face hereof or neither "LIBOR
          Reuters" nor "LIBOR Telerate" is designated on the face hereof as the
          method for calculating LIBOR, the display on Dow Jones Markets Limited
          (or any successor service) on page 3750 if the U.S. dollar is the
          Index Currency or with respect to any other Index Currency, on the
          page specified on the face hereof (or any other page as may replace
          such page or such service (or any successor service)) for the purpose
          of displaying the London interbank rates of major banks for the
          applicable Index Currency.

Determination of Prime Rate

     If the Base Rate specified on the face hereof is Prime Rate, the interest
rate per annum determined with respect to any Interest Determination Date
specified on the face hereof (each, a "Prime Interest Determination Date") shall
equal the rate on such date as published in H.15(519) under the heading "Bank
Prime Loan."

     The following procedures shall be followed if the Prime Rate cannot be
determined as described above:

     .    If the rate is not published prior to 9:00 a.m., New York City time,
          on the Calculation Date, then the Prime Rate shall be the rate on such
          Prime Interest Determination Date as published in H.15 Daily Update,
          or another recognized electronic source used for the purpose of
          displaying this rate, opposite the caption "Bank Prime Loan."

                                       12

<PAGE>

     .    If the rate is not published prior to 3:00 p.m., New York City time,
          on the Calculation Date, in either H.15(519) or H.15 Daily Update or
          another recognized electronic source, then the Calculation Agent shall
          determine the Prime Rate to be the arithmetic mean of the rates of
          interest publicly announced by each bank that appears on the Reuters
          Screen US Prime1 Page (as defined below) as such bank's prime rate or
          base lending rate as in effect for that Prime Interest Determination
          Date.

     .    If fewer than four rates appear on the Reuters Screen US Prime 1 Page
          on such Prime Rate Interest Determination Date, then the Calculation
          Agent shall determine the Prime Rate to be the arithmetic mean of the
          prime rates or base lending rates (quoted on the basis of the actual
          number of days in the year divided by 360) as of the close of business
          on such Prime Interest Determination Date by at least three major
          money center banks in New York City selected by the Calculation Agent.

     .    If the banks selected are not quoting as mentioned immediately above,
          the Prime Rate in effect immediately prior to such Prime Interest
          Determination Date shall not change and shall remain the Prime Rate in
          effect on such Prime Interest Determination Date.

     "Reuters Screen US Prime1 Page" means the display designated as page
"USPrime1" on the Reuters Monitor Money Rates Service (or such other page as may
replace the US Prime1 page on that service for the purpose of displaying prime
rates or base lending rates of major United States banks).

Determination of Treasury Rate

     If the Base Rate specified on the face hereof is Treasury Rate, the
interest rate per annum determined with respect to any Interest Determination
Date specified on the face hereof (each, a "Treasury Interest Determination
Date") shall equal the rate applicable to the auction held on such date of
direct obligations of the United States ("Treasury bills") having the Index
Maturity specified on the face hereof under the caption "Investment Rate" on the
display on Bridge Telerate, Inc. (or any successor service) on page 56 (or any
other page as may replace such page on such service ) ("Telerate Page 56") or
page 57 (or any other page as may replace such page on such service) ("Telerate
Page 57") or, if not so published by 3:00 p.m., New York City time, on the
related Calculation Date, the Bond Equivalent Yield (as hereinafter defined) of
the rate for such Treasury bills as published in H.15(519) Daily Update, or such
other recognized electronic source used for the purpose of displaying such rate,
under the heading "U.S. Government Securities/Treasury Bills/Auction High".

                                       13

<PAGE>

         The following procedures shall be followed if the Treasury Rate cannot
be determined as described above:

         .   If the above rate is not published by 3:00 p.m., New York City
             time, on the Calculation Date, the Treasury Rate shall be the Bond
             Equivalent Yield of the auction rate of such Treasury bills on such
             Treasury Interest Determination Date as announced by the United
             States Department of the Treasury.

         .   In the event that the auction rate of Treasury bills having the
             Index Maturity specified on the face hereof is not published or
             announced as provided above by 3:00 p.m., New York City time, on
             such Calculation Date, or if no such auction is held on such
             Treasury Interest Determination Date, then the Calculation Agent
             shall determine the Treasury Rate to be the Bond Equivalent Yield
             of the rate on such Treasury Rate Interest Determination Date of
             Treasury bills having the Index Maturity specified on the face
             hereof as published in H.15(519) under the caption "U.S. Government
             Securities/Treasury Bills/Secondary Market" or, if not yet
             published by 3:00 p.m., New York City time, on the related
             Calculation Date, the rate on such Treasury Rate Interest
             Determination Date of such Treasury bills as published in H.15
             Daily Update, or such other recognized electronic source used for
             the purpose of displaying such rate, under the caption "U.S.
             Government Securities/Treasury Bills/Secondary Market." If such
             rate is not yet published in H.15(519), H.15 Daily Update or
             another recognized electronic source, then the Treasury Rate shall
             be calculated by the Calculation Agent and shall be the Bond
             Equivalent Yield of the arithmetic mean of the secondary market bid
             rates, as of approximately 3:30 p.m., New York City time, on such
             Treasury Interest Determination Date, of three leading primary
             United States government securities dealers selected by the
             Calculation Agent for the issue of Treasury bills with a remaining
             maturity closest to the Index Maturity specified on the face
             hereof.

         .   If the dealers selected by the Calculation Agent are not quoting as
             mentioned immediately above, the Treasury Rate in effect
             immediately prior to such Treasury Interest Determination Date
             shall not change and shall remain the Treasury Rate in effect on
             such Treasury Interest Determination Date.

         "Bond Equivalent Yield" means a yield (expressed as a percentage)
calculated in accordance with the following formula:

                                            D x N
                                   ------------------------
         Bond Equivalent Yield  =         360 - (D x M)      x 100

                                       14

<PAGE>

where "D" refers to the applicable per annum rate for the security quoted on a
bank discount basis and expressed as a decimal, "N" refers to 365 or 366, as the
case may be, and "M" refers to the actual number of days in the interest period
for which interest is being calculated.

Determination of CMT Rate

         If the Base Rate specified on the face hereof is CMT Rate, the interest
rate per annum determined with respect to any Interest Determination Date
specified on the face hereof (each, a "CMT Interest Determination Date") shall
equal the rate displayed on the Designated CMT Telerate Page (as defined below)
under the caption "Treasury Constant Maturities . . . Federal Reserve Board
Release H.15 . . . Mondays Approximately 3:45 p.m.," under the column for the
Designated CMT Maturity Index (as defined below) for:

              (i)  if the Designated CMT Telerate Page is 7051, such CMT
         Interest Determination Date; and

              (ii) if the Designated CMT Telerate Page is 7052, the week or the
         month, as applicable, ended immediately before the week in which the
         related CMT Interest Determination Date occurs.

         The following procedures shall be used if the CMT Rate cannot be
determined as described above:

         .    If such rate is no longer displayed on the relevant page, or if
              not displayed by 3:00 p.m., New York City time, on the related
              Calculation Date, then the CMT Rate shall be such treasury
              constant maturity rate for the Designated CMT Maturity Index (as
              defined below) as published in H.15(519).

         .    If that rate is no longer published, or if not published by 3:00
              p.m., New York City time, on the related Calculation Date, then
              the CMT Rate shall be such treasury constant maturity rate for the
              Designated CMT Maturity Index (or other United States Treasury
              rate for the Designated CMT Maturity Index) for the CMT Interest
              Determination Date with respect to such Interest Reset Date as may
              then be published by either the Board of Governors of the Federal
              Reserve System or the United States Department of the Treasury
              that the Calculation Agent determines to be comparable to the rate
              formerly displayed on the Designated CMT Telerate Page and
              published in H.15(519).

         .    If such information is not provided by 3:00 p.m., New York City
              time, on the related Calculation Date, then the Calculation Agent
              shall determine the CMT Rate to be a yield to maturity, based on
              the arithmetic mean of the secondary market closing offer side
              prices as of approximately 3:30 p.m., New York City time, on the
              CMT Interest Determination Date reported, according to their

                                       15

<PAGE>

         written records, by three leading primary United States government
         securities dealers (each, a "Reference Dealer") in New York City
         selected by the Calculation Agent as described in the following
         sentence. The Calculation Agent shall select five Reference Dealers and
         shall eliminate the highest quotation (or, in the event of overlap, one
         of the highest) and the lowest quotation (or, in the event of overlap,
         one of the lowest), for the most recently issued direct noncallable
         fixed rate obligations of the United States ("Treasury notes") with an
         original maturity of approximately the Designated CMT Maturity Index
         and a remaining term to maturity of not less than such Designated CMT
         Maturity Index minus one year.

     .   If the Calculation Agent cannot obtain three such Treasury notes
         quotations, the Calculation Agent shall determine the CMT Rate to be a
         yield to maturity based on the arithmetic mean of the secondary market
         offer side prices as of approximately 3:30 p.m., New York City time, on
         the CMT Interest Determination Date of three Reference Dealers in New
         York City (selected using the same method described above) for Treasury
         notes with an original maturity of the number of years that is the next
         highest to the Designated CMT Maturity Index and a remaining term to
         maturity closest to the Designated CMT Maturity Index and in an amount
         of at least $100,000,000. If two Treasury notes with an original
         maturity as described above have remaining terms to maturity equally
         close to the Designated CMT Maturity Index, the Calculation Agent shall
         obtain quotations for the Treasury note with the shorter remaining term
         to maturity.

     .   If three or four (but not five) of such Reference Dealers are quoting
         as described above, then the CMT Rate shall be based on the arithmetic
         mean of the offer prices obtained and neither the highest nor the
         lowest of such quotes shall be eliminated.

     .   If fewer than three Reference Dealers selected by the Calculation Agent
         are quoting as mentioned immediately above, the CMT Rate in effect
         immediately prior to such CMT Interest Determination Date shall not
         change and shall remain the CMT Rate in effect on such CMT Interest
         Determination Date.

     "Designated CMT Telerate Page" means the display on the Telerate (or any
successor service) on the page specified on the face hereof (or any other page
as may replace such page on that service for the purpose of displaying Treasury
Constant Maturities as reported in H.15(519)). If no such page is specified, the
Designated CMT Telerate Page shall be 7052, for the most recent week.

     "Designated CMT Maturity Index" means the original period to maturity of
the U.S. Treasury securities (either 1, 2, 3, 5, 7, 10, 20 or 30 years)
specified on the face hereof with respect to which the CMT Rate shall be
calculated.

                                       16

<PAGE>

Events of Default

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

Modification and Waivers; Obligation of the Company Absolute

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at
the time Outstanding of all series to be affected, acting together as a class.
The Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
certain past defaults under the Indenture and their consequences. In addition,
the Holders of a majority in principal amount of the securities of all the
series at the time Outstanding affected by a particular covenant or condition,
acting as one class, may on behalf of all Holders of such series waive
compliance by the Company with such covenants or conditions. Any such consent or
waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this
Security.

     No reference herein to the Indenture and no provision of this Security or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this
Security at the times, place and rate, and in the coin or currency, herein
prescribed, except that in the event the Company deposits money or Government
Obligations as provided in Section 401 or 403 of the Indenture, such payments
shall be made only from proceeds of such money or Government Obligations.

Defeasance and Covenant Defeasance

     The Indenture contains provisions for defeasance at any time of (a) the
entire indebtedness on this Security and (b) certain restrictive covenants and
certain Events of Default, upon compliance by the Company with certain
conditions set forth therein, which provisions apply to this Security.

Redemption

     If so provided on the face hereof, the Company may at its option redeem
this Security in whole or from time to time in part in increments of $1,000
(provided that any remaining principal amount of this Security shall not be less
than the minimum authorized

                                       17

<PAGE>

denomination hereof) on or after the date designated as the Initial Redemption
Date on the face hereof at 100% of the unpaid principal amount hereof or the
portion thereof redeemed multiplied by a percentage (the "Redemption
Percentage"), together with accrued interest, if any, to the Redemption Date.
The Redemption Percentage shall initially be equal to the Initial Redemption
Percentage specified on the face hereof and shall decline at each anniversary of
the Initial Redemption Date by the amount of the Annual Redemption Percentage
Reduction specified on the face hereof, until the Redemption Percentage is equal
to 100%. The Company may exercise such option by causing the Trustee to mail a
notice of such redemption at least 30 but not more than 60 days prior to the
applicable Redemption Date to each Holder of the Securities of this series to be
redeemed. In the event of redemption of this Security in part only, the Company
shall issue a new Security or Securities for the unredeemed portion hereof in
the name of the Holder hereof upon the cancellation hereof. If less than all of
the Securities of this series with like tenor and terms are to be redeemed, the
Securities to be redeemed shall be selected by the Trustee by such method as the
Trustee shall deem fair and appropriate.

Sinking Fund

     Unless otherwise specified on the face hereof, this Security shall not be
entitled to any sinking fund.

Repayment

     If so provided on the face hereof, this Security will be repayable prior to
the Stated Maturity Date at the option of the Holder, in whole or in part and in
increments of $1,000 (provided that any remaining principal amount of this
Security surrendered for partial repayment shall not be less than the minimum
authorized denomination hereof), on or after the date designated as an Optional
Repayment Date on the face hereof at 100% of the principal amount to be repaid,
plus accrued interest, if any, to the Repayment Date. In order for this Security
to be repaid, the Company must receive at the applicable address of the Paying
Agent set forth below or at such other place or places of which the Company
shall from time to time notify the Holder of the within Security, at least 30
but not more than 45 days prior to an Optional Repayment Date, either (i) this
Security, with the form below entitled "Option to Elect Repayment" duly
completed, or (ii) a telegram, telex, facsimile transmission, or letter from a
member of a national securities exchange or the National Association of
Securities Dealers, Inc. or a commercial bank or a trust company in the United
States of America setting forth (a) the name, address and telephone number of
the Holder of this Security, (b) the principal amount of this Security and the
amount of this Security to be repaid, (c) a statement that the option to elect
repayment is being exercised thereby, and (d) a guarantee stating that the
Company will receive this Security, with the form below entitled "Option to
Elect Repayment" duly completed, not later than five Business Days after the
date of such telegram, telex, facsimile transmission or letter (and this
Security and form duly completed are received by the Company by such fifth
Business Day). Any such election shall be irrevocable. The address to which such
deliveries to _________ are to be made is ______________________________________

                                       18

<PAGE>

(or, at such other place as the Company shall notify the Holders of the
Securities of this series). All questions as to the validity, eligibility
(including time of receipt) and acceptance of any Security for repayment will be
determined by the Company, whose determination will be final and binding. Upon
any partial repayment, this Security shall be cancelled and a new Security or
Securities for the remaining principal amount hereof shall be issued in the name
of the Holder of this Security.

Authorized Denominations

         Unless otherwise provided on the face hereof, this Security is issuable
only in registered form without coupons in denominations of $1,000 or any amount
in excess thereof which is an integral multiple of $1,000.

Registration of Transfer

         Upon due presentment for registration of transfer of this Security at
the office or agency of the Company maintained in St. Paul, Minnesota or New
York City, a new Security or Securities of this series in authorized
denominations for an equal aggregate principal amount will be issued to the
transferee in exchange herefor, as provided in the Indenture and subject to the
limitations provided therein and to the limitations described below, without
charge except for any tax or other governmental charge imposed in connection
therewith.

         If this Security is a Global Security (as specified above), this
Security is exchangeable for definitive Securities in registered form only if
(x) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for this Security or if at any time the Depositary ceases
to be a clearing agency registered under the Securities Exchange Act of 1934, as
amended, and the Company does not appoint a successor Depositary within 90 days
after receiving such notice or after becoming aware that the Depositary has
ceased to be so registered as a clearing agency, (y) the Company in its sole
discretion determines that this Security shall be exchangeable for definitive
Securities in registered form and notifies the Trustee thereof or (z) an Event
of Default with respect to the Securities represented hereby has occurred and is
continuing. If this Security is exchangeable pursuant to the preceding sentence,
it shall be exchangeable for definitive Securities in registered form, bearing
interest at the same rate, having the same date of issuance, redemption
provisions, Stated Maturity Date and other terms and of authorized denominations
aggregating a like amount.

         If this Security is a Global Security (as specified above), this
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 of the Depositary or a nominee of such successor. Except as provided
above, owners of beneficial interests in this Global Security will not be
entitled to receive physical delivery of Securities in definitive form and will
not be considered the Holders hereof for any purpose under the Indenture.

                                       19

<PAGE>

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

No Personal Recourse

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

Defined Terms

         All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

Governing Law

         This Security shall be governed by and construed in accordance with the
law of the State of Minnesota, without regard to principles of conflicts of
laws.

                                       20

<PAGE>

                            OPTION TO ELECT REPAYMENT

               TO BE COMPLETED ONLY IF THIS SECURITY IS REPAYABLE
                   AT THE OPTION OF THE HOLDER AND THE HOLDER
                          ELECTS TO EXERCISE SUCH RIGHT

         The undersigned hereby irrevocably requests and instructs the Company
to repay the within Security (or the portion thereof specified below), pursuant
to its terms, on the Optional Repayment Date first occurring after the date of
receipt by the Company of the within Security as specified below (the "Repayment
Date"), at a Repayment Price equal to 100% of the principal amount thereof,
together with interest to the Repayment Date, to the undersigned,
______________________________________________________________, at
__________________________________________________________________ (please print
or typewrite name and address of the undersigned).

         For this option to elect repayment to be effective, the Company must
receive, at the applicable address of the Paying Agent set forth in the within
Security or at such other place or places of which the Company shall from time
to time notify the Holder of the within Security, at least 30 but not more than
45 days prior to an Optional Repayment Date, either (i) this Security, with this
"Option to Elect Repayment" form duly completed, or (ii) a telegram, telex,
facsimile transmission, or letter from a member of a national securities
exchange or the National Association of Securities Dealers, Inc. or a commercial
bank or a trust company in the United States of America setting forth (a) the
name, address and telephone number of the Holder of the Security, (b) the
principal amount of the Security and the amount of the Security to be repaid,
(c) a statement that the option to elect repayment is being irrevocably
exercised thereby, and (d) a guarantee stating that the Security to be repaid
with the form entitled "Option to Elect Repayment" on the addendum to the
Security duly completed will be received by the Company not later than five
Business Days after the date of such telegram, telex, facsimile transmission or
letter (and such Security and form duly completed are received by the Company by
such fifth Business Day).

         If less than the entire principal amount of the within Security is to
be repaid, specify the portion thereof (which shall be an integral multiple of
$1,000) which the Holder elects to have repaid: $__________.

         If less than the entire principal amount of the within Security is to
be repaid, specify the denomination or denominations (which shall be $1,000 or
an integral multiple thereof) of the Security or Securities to be issued to the
Holder for the portion of the within Securities not being repaid (in the absence
of any specification, one such Security will be issued for the portion not being
repaid):  $______________.

Date:  ________________________             ____________________________________
                                            Notice: The signature to this Option
                                            to Elect Repayment must correspond
                                            with the name as written upon page 2
                                            of the within Security in every
                                            particular without alteration or
                                            enlargement or any change
                                            whatsoever.

                                       21

<PAGE>

                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:

         TEN COM: as tenants in common

         TEN ENT: as tenants by the entireties

         JT TEN: as joint tenants with right of survivorship and not as tenants
                 in common

         UNIF GIFT MIN ACT:         _______         Custodian       ______
                                    (Cust)                          (Minor)

         Under Uniform Gifts to Minors Act

         __________________________________
                     (State)

         Additional abbreviations may also be used though not in the above list.

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

         Please Insert Social Security or
         Other Identifying Number of Assignee

         __________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(PLEASE PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

the within Security of H.B. FULLER COMPANY and all rights thereunder and does
hereby irrevocably constitute and appoint ________________ attorney to transfer
the said Security on the books of the within-named Company, with full power of
substitution in the premises.

Dated:_____________________
                                           _____________________________________
                Signature Guaranteed:
                                           _____________________________________

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within Security in every particular, without
alteration or enlargement or any change whatsoever.

                                       22

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