Document:

EXHIBIT 4.1

                         Jones Apparel Group, Inc.

                     Jones Apparel Group Holdings, Inc.

                       Jones Apparel Group USA, Inc.

                            Nine West Group Inc.

                Debt Securities, Preferred and Common Stock

                           Underwriting Agreement

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

Ladies and Gentlemen:

          Jones Apparel Group, Inc., a Pennsylvania corporation (the
"Company") proposes, subject to the terms and conditions stated herein, to
issue and sell to the Underwriters named in a schedule to the Terms
Agreement (as defined in Article 2 below) (the "Underwriters") from time to
time certain of its preferred stock or common stock (the "Offered Equity
Securities"). The Company, Jones Apparel Group USA, Inc., a Pennsylvania
corporation ("Jones USA"), Jones Apparel Group Holdings, Inc., a Delaware
corporation ("Jones Holdings") and Nine West Group Inc., a Delaware
corporation ("Nine West" and, together with the Company, Jones USA and
Jones Holdings, the "Issuers") propose, subject to the terms and conditions
stated herein, to issue and sell to the Underwriters from time to time
certain of their debt securities (the "Offered Debt Securities" and,
together with the Offered Equity Securities, the "Offered Securities"). The
representatives of the Underwriters, if any, specified in a Terms Agreement
are hereinafter referred to as the "Representatives"; provided, however,
that if the Terms Agreement does not specify any representative of the
Underwriters, the term "Representatives", as used in this Agreement, shall
mean the Underwriters. If the Offered Securities are debt securities: The
Offered Securities will be issued under an indenture, dated as of
_________, ____ (the "Indenture"), between the Issuers and a trustee as
Trustee, in one or more series, which series may vary as to interest rates,
maturities, redemption provisions, selling prices and other terms. If the
Offered Securities are preferred stock: The Offered Securities may be
issued in one or more series, which series may vary as to dividend rates,
redemption provisions, selling prices and other terms. Particular series or
offerings of Offered Securities will be sold pursuant to a Terms Agreement,
for resale in accordance with terms of offering determined at the time of
sale.

          1. As of the date of each Terms Agreement, the Company represents
and warrants to, and agrees, or, in the case of Offered Debt Securities,
the Issuers, jointly and severally, represent and warrant to, and agree
with, each Underwriter that:

                  (a) A registration statement on Form S-3 relating to the
         Offered Securities has been filed with the Securities and Exchange
         Commission (the "Commission") and has become effective; and no
         stop order suspending the effectiveness of the initial
         registration statement, any post-effective amendment thereto or
         Rule 462(b) registration statement, if any, has been issued and no
         proceeding for that purpose has been initiated or threatened by
         the Commission. Such registration statement, as amended at the
         time of any Terms Agreement, is hereinafter referred to as the
         "Registration Statement", and the prospectus included in such
         Registration Statement, as supplemented and amended as
         contemplated by Section 2 to reflect the terms of the Offered
         Securities (if they are debt securities or preferred stock) and
         the terms of the offering of the Offered Securities, as first
         filed with the Commission pursuant to and in accordance with Rule
         424(b) ("Rule 424(b)") under the Securities Act of 1933, as
         amended (the "Act"), including all material incorporated by
         reference therein, is hereinafter referred to as the "Prospectus";

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                  (b) No order preventing or suspending the use of any
         preliminary Prospectus has been issued by the Commission, and each
         preliminary Prospectus, at the time of filing thereof, conformed
         in all material respects to the requirements of the Act and the
         rules and regulations of the Commission thereunder ("Rules and
         Regulations"), and did not contain an untrue statement of a
         material fact or omit to state a material fact required to be
         stated therein or necessary to make the statements therein, in the
         light of the circumstances under which they were made, not
         misleading; provided, however, that this representation and
         warranty shall not apply to any statements or omissions made in
         reliance upon and in conformity with information furnished in
         writing to the Company, or, in the case of Offered Debt
         Securities, any Issuer, by an Underwriter expressly for use
         therein;

                  (c) The Registration Statement conforms and on the date
         of each Terms Agreement will conform, and the Prospectus and any
         further amendments or supplements to the Registration Statement or
         the Prospectus will conform, in all material respects to the
         requirements of the Act and the Rules and Regulations and do not
         and will not, as of the applicable effective date as to the
         Registration Statement and any amendment thereto and as of the
         applicable date as to the Prospectus and any amendment or
         supplement thereto and as of the date of each Terms Agreement,
         contain any untrue statement of a material fact or omit to state a
         material fact required to be stated therein or necessary to make
         the statements therein not misleading; provided, however, that
         this representation and warranty shall not apply to any statements
         or omissions made in reliance upon and in conformity with
         information furnished in writing to the Company, or, in the case
         of Offered Debt Securities, any Issuer, by an Underwriter
         expressly for use therein;

                  (d) The Company and each of its subsidiaries has been
         duly incorporated and is validly existing as a corporation in good
         standing under the laws of its jurisdiction of incorporation, is
         duly qualified to do business and is in good standing as a foreign
         corporation in each jurisdiction in which ownership or lease of
         property or the conduct of its business requires such
         qualification and has all power and authority necessary to own or
         hold its properties and to conduct the business in which it is
         engaged, except where the failure to so qualify or have such power
         or authority would not, singularly or in the aggregate, have a
         material adverse effect on the condition, financial or otherwise,
         earnings, business affairs or business prospects of the Company
         and its subsidiaries taken as a whole (a "Material Adverse
         Effect");

                  (e) The Company has an authorized capitalization as set
         forth in the Prospectus, and all of the issued shares of capital
         stock of the Company have been duly and validly authorized and
         issued, are fully paid and non-assessable and conform to the
         description of the capital stock contained in the Prospectus; and
         all of the issued shares of capital stock of each subsidiary of
         the Company have been duly and validly authorized and issued, are
         fully paid and non-assessable and (except for directors'
         qualifying shares and except as set forth in the Prospectus) are
         owned directly or indirectly by the Company, free and clear of all
         liens, encumbrances, equities or claims, except as set forth in
         the Prospectus;

                  (f) If the Offered Securities are debt securities: The
         Offered Securities have been duly and validly authorized and, when
         issued and delivered against payment therefor as provided pursuant
         to the Terms Agreement, will be duly and validly executed,
         authenticated, issued and delivered and will constitute valid and
         legally binding obligations of the Issuers and will be entitled to
         the benefits provided by the Indenture under which they are to be
         issued, which is substantially in the form filed as an exhibit to
         the Registration Statement; the Indenture has been duly authorized
         and duly qualified under the Trust Indenture Act of 1939, as
         amended (the "Trust Indenture Act") and, when executed and
         delivered by the Issuers and the Trustee, will constitute a valid
         and legally binding instrument, enforceable in accordance with its
         terms, subject, as to enforcement, to bankruptcy, insolvency,
         reorganization and other laws of general applicability

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         relating to or affecting creditor's rights and to general equity
         principles; and the Offered Securities and the Indenture will
         conform to the description thereof in the Registration Statement
         and the Prospectus;

                  (g) If the Offered Securities are common stock or are
         convertible into common stock: The Offered Securities to be issued
         and sold by the Company to the Underwriters pursuant to the Terms
         Agreement have been duly and validly authorized and, when issued
         and delivered against payment therefor as provided herein, will be
         duly and validly issued and fully paid and nonassess able and will
         conform to the description of the common stock contained in the
         Prospectus; and, except as described in the Prospectus, the
         shareholders of the Company have no preemptive rights with respect
         to the Offered Securities;

                  (h) If the Offered Securities are preferred stock: The
         Offered Securities have been duly authorized and, when the Offered
         Securities have been delivered and paid for in accordance with the
         Terms Agreement on the Closing Date, such Offered Securities will
         have been validly issued, fully paid and nonassessable and will
         conform to the description thereof contained in the Prospectus;
         and, except as described in the Prospectus, the shareholders of
         the Company have no preemptive rights with respect to the Offered
         Securities;

                  (i) If the Offered Securities are convertible: When the
         Offered Securities are delivered and paid for pursuant to the
         Terms Agreement at the Time of Delivery, such Offered Securities
         will be convertible into common stock of the Company in accordance
         with their terms (if the Offered Securities are preferred stock)
         or the Indenture (if the Offered Securities are debt securities);
         the shares of common stock initially issuable upon conversion of
         such Offered Securities have been duly authorized and reserved for
         issuance upon such conversion and, when issued upon such
         conversion, will be validly issued, fully paid and nonassessable;
         the outstanding shares of common stock have been duly authorized
         and validly issued, are fully paid and nonassessable and conform
         to the description thereof contained in the Prospectus; and,
         except as described in the Prospectus, the shareholders of the
         Company have no preemptive rights with respect to the common
         stock;

                  (j) The execution, delivery and performance of [If the
         Offered Securities are debt securities: the Indenture] [If the
         Offered Securities are preferred stock: the statement with respect
         to shares (the "Statement with Respect to Shares")] and the Terms
         Agreement and the issuance and sale of the Offered Securities and
         compliance by the Company, or, in the case of Offered Debt
         Securities, the Issuers, with all of the provisions thereof will
         not conflict with or result in a breach or violation of any of the
         terms or provisions of, or (with the giving of notice or the lapse
         of time or both) constitute a default under, (A) any material
         indenture, mortgage, deed of trust, loan agreement or other
         agreement or instrument to which the Company or any of its
         subsidiaries is a party or by which the Company or any of its
         subsidiaries is bound or to which any of the property or assets of
         the Company or any of its subsidiaries is subject, (B) the
         provisions of the charter, by-laws or other constitutive documents
         of the Company or any of its subsidiaries or (C) any statute or
         any order, rule or regulation of any court or governmental agency
         or body having jurisdiction over the Company or any of its
         subsidiaries or any of their properties or assets except in the
         cases of clause (A) or (C), such breaches, violations or defaults
         that in the aggregate would not have a Material Adverse Effect;
         and no consent, approval, authorization, order, registration or
         qualification of or with any such court or governmental agency or
         body is required for the issue and sale of the Offered Securities
         or the consummation by the Company, or, in the case of Offered
         Debt Securities, the Issuers, of the transactions contemplated by
         the Terms Agreement (including the provisions of this Agreement),
         except (A) the registration under the Act of the Offered
         Securities and (B) such consents, approvals, authorizations,
         registrations or qualifications as (1) may be required under the
         Securities Exchange Act of 1934, as amended (the "Exchange Act"),

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         the Trust Indenture Act and applicable state or foreign securities
         laws in connection with the purchase and distribution of the
         Offered Securities by the Underwriters, (2) may have already been
         obtained or made and (3) the failure to obtain or make would not,
         individually or in the aggregate, have a Material Adverse Effect;

                  (k) Neither the Company nor any of its subsidiaries is
         (A) in violation of its articles or by-laws, (B) in default in any
         material respect, and no event has occurred which, with notice or
         lapse of time or both, would constitute such a default, in the due
         performance or observance of any term, covenant or condition
         contained in any indenture, mortgage, deed of trust, loan
         agreement or other agreement or instrument to which it is a party
         or by which it is bound, which is material to the Company and its
         subsidiaries taken as a whole, or to which any of its properties
         or assets is subject or (C) in violation in any material respect
         of any law, ordinance, governmental rule, regulation or court
         decree to which it or its property or assets may be subject or has
         failed to obtain any material license, permit, certificate,
         franchise or other governmental authorization or permit necessary
         to the ownership of its property or to the conduct of its
         business, except for, in the cases of clause (B) or (C), such
         defaults, violations or failures to obtain that in the aggregate
         would not have a Material Adverse Effect;

                  (l) The statements set forth in the Prospectus under the
         caption "Description of the [Debt Securities/Capital Stock]",
         insofar as they purport to constitute a summary of the terms of
         the Offered Securities, under the caption "Certain United States
         Federal Income Tax Considerations" and under the caption "Plan of
         Distribution", insofar as they purport to describe the provisions
         of the laws and documents referred to therein, are accurate in all
         material respects;

                  (m) Other than as set forth in the Prospectus, there are
         no legal or governmental proceedings pending to which the Company
         or any of its subsidiaries is a party or of which any property of
         the Company or any of its subsidiaries is the subject which, if
         determined adversely to the Company or any of its subsidiaries,
         would individually or in the aggregate have a Material Adverse
         Effect; and, to the best of the Company's knowledge, no such
         proceedings are threatened or contemplated by governmental
         authorities or threatened by others;

                  (n) The Company, or, in the case of Offered Debt
         Securities, each Issuer is not and, after giving effect to the
         offering and sale of the Offered Securities, will not be an
         "investment company", as such term is defined in the Investment
         Company Act of 1940, as amended (the "Investment Company Act");

                  (o) BDO Seidman, LLP, who have certified certain
         financial statements of the Company and its subsidiaries are
         independent certified public accountants as required by the Act
         and the rules and regulations of the Commission thereunder;

                  (p) Except as described in the Prospectus, there are no
         contracts, agreements or understandings between the Company or
         any of its subsidiaries and any person (other than as described in
         the Terms Agreement) granting such person the right to require the
         Company or any of its subsidiaries to file a registration
         statement under the Act with respect to any securities of the
         Company or its subsidiaries owned or to be owned by such person or
         to require the Company or any of its subsidiaries to include such
         securities in the securities registered pursuant to the
         Registration Statement or the Prospectus or in any securities
         being registered pursuant to any other registration statement
         filed by the Company or any of its subsidiaries under the Act;

                  (q) This Agreement and the Terms Agreement have been duly
         authorized, executed and delivered by the Company, or, in the case
         of Offered Debt Securities, by the Issuers, and, assuming due
         authorization, execution and delivery by the Underwriters,
         constitute the valid and binding

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         agreement of the Company, or, in the case of Offered Debt
         Securities, the Issuers, enforceable against the Company, or, in
         the case of Offered Debt Securities, the Issuers, in accordance
         with their terms (subject to applicable bankruptcy, insolvency,
         reorganization, moratorium, fraudulent transfer and other similar
         laws affecting creditors' rights generally from time to time in
         effect and to general principles of equity, including, without
         limitation, concepts of materiality, reasonableness, good faith
         and fair dealing, regardless of whether in a proceeding in equity
         or at law);

                  (r) If the Offered Securities are common stock or are
         convertible into common stock: Except as described in the
         Prospectus, the Company has not sold or issued any shares of
         common stock during the six-month period preceding the date of the
         Terms Agreement, including any sales pursuant to Rule 144A under,
         or Regulation D or Regulation S of, the Act other than shares
         issued pursuant to employee benefit plans or other employee
         compensation plans or pursuant to outstanding options, rights or
         warrants;

                  (s) The consolidated historical and pro forma financial
         statements, together with the related notes thereto filed as part
         of the Registration Statement or included in the Prospectus comply
         as to form in all material respects with the requirements of
         Regulation S-X under the Act applicable to registration statements
         on Form S-3 under the Act. Such historical financial statements
         fairly present the financial position of the Company at the
         respective dates indicated and the results of operations and cash
         flows for the respective periods indicated, in each case in
         accordance with generally accepted accounting principles ("GAAP")
         consistently applied throughout such periods. Such pro forma
         financial statements have been prepared on a basis consistent with
         such historical statements, except for the pro forma adjustments
         specified therein, and give effect to assumptions made on a
         reasonable basis and in good faith and present fairly the pro
         forma position, results of operations and the other information
         purported to be shown therein at the respective dates or the
         respective periods therein specified. The other financial and
         statistical information and data filed as part of the Registration
         Statement or included in the Prospectus, historical and pro forma,
         are, in all material respects, fairly presented and prepared on a
         basis consistent with such financial statements and the books and
         records of the Company;

                  (t) The Company and each of its subsidiaries possess all
         licenses, certificates, authorizations and permits which are
         material to the Company and its subsidiaries, taken as a whole,
         issued by, and have made all declarations and filings with, the
         appropriate Federal, state or foreign regulatory agencies or
         bodies which are necessary or desirable for the ownership of their
         properties or the conduct of their businesses as they will be
         described in the Prospectus, except where the failure to possess
         or make the same would not, singularly or in the aggregate, have a
         Material Adverse Effect, and neither the Company nor any of its
         subsidiaries has received notification of any revocation or
         modification of any such license, certificate, authorization or
         permit or has any reason to believe that any such license,
         certificate, authorization or permit will not be renewed in the
         ordinary course; and

                  (u) The Company and each of its subsidiaries owns or
         possesses, or can acquire on reasonable terms, adequate rights to
         use all material patents, patent applications, trademarks, service
         marks, trade names, trademark registrations, service mark
         registrations, copyrights, licenses and know-how (including trade
         secrets and other unpatented and/or unpatentable proprietary or
         confidential information, systems or procedures) necessary for the
         conduct of their businesses, except where the failure to own,
         possess or acquire the same would not, singularly or in the
         aggregate, have a Material Adverse Effect; and the conduct of
         their businesses will not conflict in any material respect with,
         and neither the Company nor any of its subsidiaries has received
         any notice of any claim (other than such claims as would not
         reasonably be expected to have a Material Adverse Effect) of
         conflict with, any such rights of others.

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          2. Purchase and Offering of Offered Securities.

          The obligation of the Underwriters to purchase the Offered
Securities will be evidenced by an agreement or exchange of other written
communications ("Terms Agreement") at the time the Company determines, or,
in the case of Offered Debt Securities, the Issuers determine, to sell the
Offered Securities. The Terms Agreement may also amend, modify or
supplement this Agreement as provided therein. The Terms Agreement will
incorporate by reference the provisions of this Agreement, except as
otherwise provided therein, and will specify the firm or firms which will
be Underwriters, the names of any Representatives, the principal amount or
number of Offered Securities to be purchased by each Underwriter, the
purchase price to be paid by the Underwriters and (if the Offered
Securities are debt securities or preferred stock) the terms of the Offered
Securities not already specified (in the Indenture, in the case of Offered
Securities that are debt securities), including, but not limited to,
interest rate (if debt securities), dividend rate (if preferred stock),
maturity (if debt securities), any redemption provisions and any sinking
fund requirements. The Terms Agreement will also specify the time and date
of delivery and payment (such time and date, or such other time not later
than seven full business days thereafter as the Underwriter first named in
the Terms Agreement (the "Lead Underwriter") and the Company, or, in the
case of Offered Debt Securities, the Issuers, agree as the time for payment
and delivery, being herein and in the Terms Agreement referred to as the
"Time of Delivery") the place of delivery and payment and any details of
the terms of offering that should be reflected in the Prospectus supplement
relating to the offering of the Offered Securities. For purposes of Rule
15c6-1 under the Exchange Act, the Time of Delivery (if later than the
otherwise applicable settlement date) shall be the date for payment of
funds and delivery of securities for all the Offered Securities sold
pursuant to the offering. The obligations of the Underwriters to purchase
the Offered Securities will be several and not joint. It is understood that
the Underwriters propose to offer the Offered Securities for sale as set
forth in the Prospectus.

          If the Offered Securities are debt securities and the Terms
Agreement specifies "Book- Entry Only" settlement or otherwise states that
the provisions of this paragraph shall apply, the Issuers will deliver
against payment of the purchase price the Offered Securities in the form of
one or more permanent global securities in definitive form (the "Global
Securities") deposited with the Trustee as custodian for The Depository
Trust Company ("DTC") and registered in the name of Cede & Co., as nominee
for DTC. Interests in any permanent global securities will be held only in
book-entry form through DTC, except in the limited circumstances described
in the Prospectus. Payment for the Offered Securities shall be made by the
Underwriters (if the Terms Agreement specifies that the Offered Securities
will not trade in DTC's Same Day Funds Settlement System) by certified or
official bank check or checks in New York Clearing House (next day) funds
or (if the Terms Agreement specifies that the Offered Securities will trade
in DTC's Same Day Funds Settlement System) in Federal (same day) funds by
wire transfer to an account in New York previously designated to the Lead
Underwriter by the Issuers at a bank acceptable to the Lead Underwriter, in
each case drawn to the order of the Issuers at the place of payment
specified in the Terms Agreement on the Closing Date, against delivery to
the Trustee as custodian for DTC of the Global Securities representing all
of the Offered Securities.

          3. The Company agrees, or, in the case of Offered Debt
Securities, the Issuers, jointly and severally, agree, with each of the
Underwriters:

          (a) To prepare the Prospectus in a form approved by the
Representatives and to file such Prospectus pursuant to Rule 424(b) under
the Act not later than the Commission's close of business on the second
business day following the execution and delivery of the Terms Agreement,
or, if applicable, such earlier time as may be required by Rule 430A(a)(3)
under the Act; to make no further amendment or any supplement to the
Registration Statement or Prospectus which shall be disapproved by the
Representatives promptly after reasonable notice thereof; to advise the
Representatives promptly after it receives notice thereof, of the time when
any amendment to the Registration Statement has been filed or becomes
effective or any supplement to the Prospectus or any amended Prospectus has
been filed and to furnish the

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Representatives with copies thereof; to advise the Representatives promptly
after it receives notice thereof, of the issuance by the Commission of any
stop order or of any order preventing or suspending the use of the
Prospectus, of the suspension of the qualification of the Offered
Securities for offering or sale in any jurisdiction, of the initiation or
threatening of any proceeding for any such purpose, or of any request by
the Commission for the amending or supplementing of the Registration
Statement or the Prospectus or for additional information; and, in the
event of the issuance of any stop order or of any order preventing or
suspending the use of the Prospectus or suspending any such qualification,
to promptly use its best efforts to obtain the withdrawal of such order;

          (b) Promptly from time to time to take such action as the
Representatives may reasonably request to qualify the Offered Securities
for offering and sale under the securities laws of such jurisdictions as
the Representatives may request and to comply with such laws so as to
permit the continuance of sales and dealings therein in such jurisdictions
for as long as may be necessary to complete the distribution of the Offered
Securities, provided that in connection therewith the Company, or, in the
case of Offered Debt Securities, any Issuer, shall not be required to
qualify as a foreign corporation or to file a general consent to service of
process in any jurisdiction;

          (c) Prior to Noon, New York City time, on the New York Business
Day next succeeding the date of the Terms Agreement and from time to time,
to furnish the Underwriters with copies of the Prospectus in New York City
in such quantities as the Representatives may reasonably request, and, if
the delivery of the Prospectus is required at any time prior to the
expiration of nine months after the time of issue of the Prospectus in
connection with the offering or sale of the Offered Securities and if at
such time any events shall have occurred as a result of which the
Prospectus as then amended or supplemented would include an untrue
statement of a material fact or omit to state any material fact necessary
in order to make the statements therein, in light of the circumstances
under which they were made when such Prospectus is delivered, not
misleading, or, if for any other reason it shall be necessary during such
same period to amend or supplement the Prospectus in order to comply with
the Act [For debt securities: or the Trust Indenture Act, or] to notify the
Representatives and upon the request of the Representatives to prepare and
furnish without charge to each Underwriter and to any dealer in securities
as many copies as the Underwriters may from time to time reasonably request
of an amended Prospectus or a supplement to the Prospectus which will
correct such statement or omission or effect such compliance; and in case
any Underwriter is required to deliver the Prospectus in connection with
sales of any of the Offered Securities at any time nine months or more
after the time of issue of the Prospectus, upon request of the
Representatives but at the expense of such Underwriter, to prepare and
deliver to such Underwriter as many copies as the Representatives may
request of an amended or supplemented Prospectus complying with Section
10(a)(3) of the Act;

          (d) To make generally available to its securityholders as soon as
practicable, but in any event not later than eighteen months after the date
of the Terms Agreement, an earnings statement of the Company and its
subsidiaries (which need not be audited) complying with Section 11(a) of
the Act and the rules and regulations of the Commission thereunder
(including, at the option of the Company, Rule 158);

          (e) During the period beginning at the time of the execution of
the Terms Agreement and ending the number of days after the Time of
Delivery specified under "Blackout" in the Terms Agreement, not to offer,
sell, contract to sell or otherwise dispose of, except as provided
hereunder and under the Terms Agreement any securities of the Company, or,
in the case of Offered Debt Securities, the Issuers, that are substantially
similar to the Offered Securities including but not limited to any
securities that are convertible into or exchangeable for, or that represent
the right to receive, any such substantially similar securities (other than
(i) pursuant to employee stock option plans existing on, or upon the
conversion or exchange of convertible or exchangeable securities
outstanding as of, the date of this Agreement and (ii) shares of common
stock issuable in connection with the acquisition of Sun Apparel, Inc.),
without your prior written consent;

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                                                                          8

          (f) To cause each of the persons listed on a schedule to the Term
Agreement to enter into a lock-up agreement with the Underwriters, in form
and substance satisfactory to the Underwriters, providing that, during the
period beginning at the time of execution of the Terms Agreement and ending
the number of days after the Time of Delivery specified under "Blackout" in
the Terms Agreement, such person will not offer, sell, contract to sell or
otherwise dispose of, except as provided hereunder or under the Terms
Agreement, any securities of the Company, or, in the case of Offered Debt
Securities, the Issuers, that are substantially similar to the Offered
Securities, including but not limited to any securities that are
convertible into or exchangeable for, or that represent the right to
receive, the Offered Securities or any such substantially similar
securities (other than pursuant to employee stock option plans existing on,
or upon the conversion or exchange of convertible or exchangeable
securities outstanding as of, the date of the Terms Agreement), without the
prior written consent of the Underwriters;

          (g) During a period of three years from the effective date of the
Registration Statement, to furnish to the Representatives upon written
request copies of all reports or other communications (financial or other)
furnished to shareholders, and to deliver to the Representatives upon
written request as soon as they are available, (A) copies of any
reports and financial statements furnished to or filed with the Commission
or any national securities exchange on which the Offered Securities or any
class of securities of the Company is listed [For debt securities: and (B)
the documents specified in the Indenture as in effect at the Time of
Delivery];

          (h) To use the net proceeds received by it from the sale of the
Offered Securities pursuant to this Agreement in the manner specified in
the Prospectus under the caption "Use of Proceeds";

          (i) If Offered Securities are common stock: To use its best
efforts to list for quotation the Offered Securities on the New York Stock
Exchange ("NYSE"); and

          (j) If the Company, or, in the case of Offered Debt Securities,
each Issuer, elects to rely upon Rule 462(b), the Company, or, in the case
of Offered Debt Securities, the Issuers, shall file a Rule 462(b)
Registration Statement with the Commission in compliance with Rule 462(b)
by 10:00 P.M., Washington, D.C. time, on the date of this Agreement, and
the Company shall at the time of filing either pay to the Commission the
filing fee for the Rule 462(b) Registration Statement or give irrevocable
instructions for the payment of such fee pursuant to Rule 111(b) under the
Act.

          4. The Company, or, in the case of Offered Debt Securities, each
Issuer, covenants and agrees with the several Underwriters that the
Company, or, in the case of Offered Debt Securities, the Issuers, will pay
or cause to be paid the following: (i) the fees, disbursements and expenses
of the Company's, or, in the case of Offered Debt Securities, the Issuers',
counsel and accountants in connection with the registration of the Offered
Securities under the Act and all other expenses in connection with the
preparation, printing and filing of the Registration Statement, the
Prospectus and amendments and supplements thereto and the mailing and
delivering of copies thereof to the Underwriters and dealers; (ii) the cost
of printing or producing any Agreement among Underwriters, this Agreement,
the Terms Agreement, [If the Offered Securities are debt securities: the
Indenture,] closing documents (including any compilations thereof) and any
other documents in connection with the offering, purchase, sale and
delivery of the Offered Securities; (iii) all expenses in connection with
the qualification of the Offered Securities for offering and sale under
state securities laws as provided in Section 3 hereof, including the fees
and disbursements of counsel for the Underwriters (not in excess, in the
aggregate, of an amount specified in the Terms Agreement) in connection
with such qualification; (iv) any fees charged by securities rating
services for rating the Offered Securities] [If the Offered Securities are
common stock: (v) all fees and expenses in connection with listing the
Offered Securities on the NYSE]; (vi) the filing fees incident to securing
any required review by the National Association of Securities Dealers, Inc.
of the terms of the sale of the Offered Securities; (vii) the cost of
preparing certificates evidencing the Offered Securities; (viii) the fees
and expenses [If the Offered Securities are debt securities: of the Trustee
and any agent of the Trustee and

<PAGE>

                                                                          9

the fees and disbursements of counsel for the Trustee in connection with
the Indenture and the Offered Securities] [If the Offered Securities are
common stock: any transfer agent or registrar]; and (ix) all other costs and
expenses incident to the performance of its obligations hereunder and under
the Terms Agreement which are not otherwise specifically provided for in
this Section. It is understood, however, except as provided in this
Section, and Sections 6 and 9 hereof, the Underwriters will pay all of
their own costs and expenses, including the fees of their counsel, transfer
taxes on resale of any of the Offered Securities by them, and any
advertising expenses connected with any offers they may make.

          5. Conditions of the Obligations of the Underwriters.

          The respective obligations of the Underwriters hereunder and
under the Terms Agreement as to the Offered Securities to be delivered at
each Time of Delivery, shall be subject, in the sole discretion of the
Representatives, to the condition that all representations and warranties
of the Company, or, in the case of Offered Debt Securities, the Issuers,
herein are, at and as of the Time of Delivery, true and correct, the
condition that the Company, or, in the case of Offered Debt Securities, the
Issuers, shall have performed all of its or their obligations hereunder and
under the Terms Agreement theretofore to be performed and the following
additional conditions:

          (a) The Prospectus shall have been filed with the Commission
pursuant to Rule 424(b) within the applicable time period prescribed for
such filing by the rules and regulations under the Act and in accordance
with Section 5(a) hereof; if the Company has, or, in the case of Offered
Debt Securities, the Issuers have, elected to rely upon Rule 462(b), the
Rule 462(b) Registration Statement shall have become effective by 10:00
P.M., Washington, D.C. time, on the date of this Agreement; no stop order
suspending the effectiveness of the Registration Statement or any part
thereof shall have been issued and no proceeding for that purpose shall
have been initiated or threatened by the Commission; and all requests for
additional information on the part of the Commission shall have been
complied with to the reasonable satisfaction of the Representatives as the
case may be;

          (b) _________, counsel for the Underwriters, shall have furnished
to the Representatives, such written opinion or opinions, dated the Time of
Delivery, with respect to the matters covered in paragraphs (i), (ii) and
(iii) and the paragraph following clause (vii) of subsection (c) below,
paragraph (i) of subsection (d) below, and paragraph (i) of subsection (e)
below as well as such other related matters as the Representatives, as the
case may be, may reasonably request, and such counsel shall have received
such papers and information as they may reasonably request to enable them
to pass upon such matters;

          (c) Cravath, Swaine & Moore, as special New York counsel for the
Company, or, in the case of Offered Debt Securities, the Issuers, shall
have furnished to the Representatives, as the case may be, their written
opinion, dated the Time of Delivery, in form and substance satisfactory to
the Representatives, to the effect that:

                 (i) The Registration Statement was declared effective
         under the Act as of the date and time specified in such opinion,
         the Prospectus was filed with the Commission pursuant to the sub-
         paragraph of Rule 424(b) of the Rules and Regulations specified in
         such opinion on the date specified therein and no stop order
         suspending the effectiveness of the Registration Statement has
         been issued and, to the knowledge of such counsel, no proceeding
         for that purpose is pending or threatened by the Commission;

                (ii) If the Offered Securities are debt securities:
         Assuming that the Indenture has been duly and validly authorized,
         executed and delivered by the Issuers and, assuming due
         authorization, execution and delivery by the Trustee, the
         Indenture constitutes the valid and binding agreement of the
         Issuers, enforceable against the Issuers in accordance with its
         terms (subject to applicable bankruptcy, insolvency,
         reorganization, moratorium, fraudulent transfer and

<PAGE>

                                                                         10

         other similar laws affecting creditors' rights generally from time
         to time in effect and to general principles of equity, including,
         without limitation, concepts of materiality, reasonableness, good
         faith and fair dealing, regardless of whether in a proceeding in
         equity or at law); and the Indenture has been duly qualified under
         the Trust Indenture Act;

               (iii) If the Offered Securities are debt securities:
         Assuming that the Offered Securities have been duly and validly
         authorized by the Issuers and when duly executed by the Issuers in
         accordance with the terms of the Indenture and, assuming due
         authentication of the Offered Securities by the Trustee, upon
         delivery to the Underwriters against payment therefor in
         accordance with the terms of the Terms Agreement, the Offered
         Securities will have been validly issued and delivered, and will
         constitute valid and binding obligations of the Issuers entitled
         to the benefits of the respective Indenture and enforceable
         against the Issuers in accordance with their terms (subject to
         applicable bankruptcy, insolvency, reorganization, moratorium,
         fraudulent transfer and other similar laws affecting creditors'
         rights generally from time to time in effect and to general
         principles of equity, including, without limitation, concepts of
         materiality, reasonableness, good faith and fair dealing,
         regardless of whether in a proceeding in equity or at law);

                (iv) No authorization, approval or other action by, and no
         notice to, consent of, order of, or filing with, any United States
         Federal, New York or, to the extent required under the General
         Corporation Law of the State of Delaware, Delaware governmental
         authority or regulatory body is required for the consummation of
         the transactions contemplated by this Agreement or the Terms
         Agreement, except such as have been obtained under the Act or the
         Trust Indenture Act and such as may be required under the blue sky
         laws of any jurisdiction in connection with the purchase and
         distribution of the Offered Securities by the Underwriters;

                 (v) None of the issue and sale of the Offered Securities,
         the consummation of any other of the transactions contemplated by
         this Agreement or the Terms Agreement or the performance of the
         terms of this Agreement or the Terms Agreement (i) will conflict
         with, result in a breach of, or constitute a default under, the
         articles or by-laws of the Company or any of its subsidiaries, or
         the terms of any indenture or other agreement or instrument to
         which the Company or any of its subsidiaries is a party or bound
         and listed as an exhibit to the Company's most recent Annual
         Report on Form 10-K or any subsequent Commission filings, except
         as would not have a Material Adverse Effect or (ii) will
         contravene in any material respect any law, rule or regulation of
         the United States or the State of New York or the General
         Corporation Law of the State of Delaware, or, to our knowledge,
         any order or decree of any court or government agency or
         instrumentality. In connection with the foregoing, we point out
         that certain of the agreements referred to in clause (i) above are
         or may be governed by laws other than the laws of the State of New
         York. For purposes of the opinion expressed in this paragraph,
         however, we have assumed that all such agreements are governed by
         and would be interpreted in accordance with the laws of the State
         of New York;

                (vi) The statements made in the Prospectus under the
         caption "Description of Debt Securities", insofar as they purport
         to constitute summaries of the terms of the debt securities and
         under the caption "Certain United States Federal Income Tax
         Considerations," insofar as they purport to describe the material
         tax consequences of an investment in the Offered Securities, fairly
         summarize the matters therein described;

               (vii) The Company, or, in the case of Offered Debt
         Securities, each Issuer, is not and, upon sale of the Offered
         Securities to be issued and sold thereby in accordance herewith
         and the application of the net proceeds to the Company, or, in the
         case of Offered Debt Securities, the Issuers, of such sale as
         described in the Prospectus under the caption "Use of Proceeds,"
         will not be an "investment company" within the meaning of the
         Investment Company Act.

<PAGE>

                                                                         11

          In addition, such counsel shall also state that such counsel has
participated in conferences with certain officers of, and with the
accountants and counsel for the Company, or, in the case of Offered Debt
Securities, the Issuers, and with certain representatives of, and counsel
for, the Underwriters, concerning the preparation of the Registration
Statement and the Prospectus and that although such counsel has made
certain inquiries and investigations in connection with the preparation of
the Registration Statement and Prospectus, the limitations inherent in the
role of outside counsel are such that such counsel cannot and does not
assume responsibility for the accuracy or completeness of the statements
made in the Registration Statement and Prospectus, except insofar as such
statements relate to such counsel and except to the extent set forth in
clause (vi) above. Subject to the foregoing, such counsel shall advise you
that its work in connection with this matter did not disclose any
information that gave such counsel reason to believe that the Registration
Statement at the time the Registration Statement was last amended or deemed
to be amended or the Prospectus, as of its date or as of the Time of
Delivery (in each case except for the financial statements and other
information of a statistical, accounting or financial nature included or
incorporated by reference therein, [If the Offered Securities are debt
securities: and the Statement of Eligibility (Form T-1) included as an
exhibit to the Registration Statement,] as to which we do not express any
view), was not appropriately responsive in all material respects to the
requirements of the Act [If the Offered Securities are debt securities: and
the Trust Indenture Act] and the Rules and Regulations or the Registration
Statement, at the time it became effective was last amended or deemed to be
amended, contained an untrue statement of a material fact or omitted to
state a material fact required to be stated therein or necessary to make
the statements therein not misleading, or that the Prospectus, at the Time
of Delivery, includes an untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading
(in each case except for the financial statements and other information of
a statistical, accounting or financial nature included therein, as to which
such counsel does not express any view).

          The opinion of such counsel may be limited to the laws of the
State of New York, the General Corporation Law of the State of Delaware and
the Federal laws of the United States.

          (d) Ira M. Dansky, Esq., general counsel to the Company, shall
have furnished to the Representatives, as the case may be, his written
opinion, dated such Time of Delivery, in form and substance reasonably
satisfactory to the Representatives, to the effect that:

                 (i) Each of Jones Holdings and Nine West has been duly
         incorporated and is validly existing as a corporation under the
         laws of the State of Delaware (which opinion may be based solely
         on a certificate of the Secretary of State of Delaware), and has
         all requisite corporate power and authority to own, lease and
         operate its properties and to conduct its business as described in
         the Prospectus. Each of the Company and its subsidiaries is
         qualified as a foreign corporation to transact business and is in
         good standing (which opinion may be based solely on a certificate
         of the Secretary of State of such state) in each jurisdiction in
         which the ownership or leasing of its properties or the conduct of
         its business requires such qualification, other than jurisdictions
         where the failure to so qualify would not have a Material Adverse
         Effect;

                (ii) All of the outstanding shares of capital stock of the
         Company's direct and indirect subsidiaries have been duly and
         validly authorized and issued, are fully paid and non-assessable
         and are owned directly or indirectly by the Company, free and
         clear of any material lien, charge, encumbrance, security
         interest, restriction upon voting or any claim of third parties,
         except as set forth in the Registration Statement or the
         Prospectus (including the exhibits thereto);

               (iii) To such counsel's knowledge, there is no pending or
         threatened action, suit or proceeding before any court or
         governmental agency or authority or arbitrator involving the
         Company or any of its subsidiaries or the business, assets or
         rights of the Company or any of its subsidiaries (i) that purports
         to affect the legality, validity or enforceability of this
         Agreement or

<PAGE>

                                                                         12

         the Terms Agreement or (ii) as to which there is a probability of
         an adverse determination and which, if adversely determined, would
         be likely in such counsel's judgment to have a Material Adverse
         Effect on the ability of the Company or any of its subsidiaries to
         perform their obligations under this Agreement or the Terms
         Agreement;

                (iv) To the knowledge of such counsel, except as described
         in the Prospectus there are no contracts, agreements or
         understandings between the Company or any of its subsidiaries
         (other than as set forth in the Terms Agreement), and any person
         granting such person the right to require the Company or any of
         its subsidiaries to file a registration statement under the Act
         with respect to any securities of the Company, or, in the case of
         Offered Debt Securities, the Issuers, owned or to be owned by such
         person or to require the Company or any of its subsidiaries to
         include such securities in the securities registered pursuant to
         the Registration Statement or in any securities being registered
         pursuant to any other registration statement filed by the Company
         or any of its subsidiaries;

                 (v) To such counsel's knowledge, no authorization,
         approval or other action by, and no notice to, consent of, order
         of or filing with, any United States Federal or New York
         governmental authority or regulatory body is required for the
         consummation of the transactions contemplated by this Agreement or
         the Terms Agreement, except as required under the Act, [If the
         Offered Securities are debt securities: the Trust Indenture Act]
         or the blue sky laws of any jurisdiction or except such as have
         been obtained;

                (vi) None of the issuance and sale of Offered Securities,
         the consummation of any other of the transactions contemplated by
         this Agreement or the Terms Agreement or the performance of the
         terms hereof or of the Terms Agreement will (i) conflict with,
         result in a breach of, or constitute a default under (A) the
         articles or by-laws of the Company or any of its subsidiaries, or
         (B) to such counsel's knowledge, the terms of any indenture or any
         other material agreement or instrument to which the Company or any
         of its subsidiaries is a party or bound, except as would not have
         a Material Adverse Effect, or (ii) contravene in any material
         respect any law, rule or regulation of the United States or the
         State of New York or, to such counsel's knowledge, any order or
         decree of any court or government agency or instrumentality in
         each case, applicable to the Company or any of its subsidiaries;

               (vii) The Statements made in the Prospectus under the
         caption "Description of Capital Stock," insofar as they purport to
         constitute summaries of the terms of the capital stock, fairly
         summarize the matters therein described;

               (viii) If the Offered Securities are common stock: The
          Offered Securities have been duly and validly authorized, and,
          when issued and delivered to and paid for by the Underwriters
          pursuant to this Agreement and the Terms Agreement, will be
          validly issued, fully paid and nonassessable; and

               (ix) If Offered Debt Securities: This Agreement and the
          Terms Agreement have been duly and validly authorized, executed
          and delivered by Jones Holdings and Nine West.

          The opinion of such counsel may be limited to the laws of the
State of New York, the General Corporation Law of the State of Delaware and
the Federal laws of the United States.

<PAGE>

                                                                         13

          (e) Schnader Harrison Segal & Lewis, as special Pennsylvania
counsel, shall have furnished to the Representatives, as the case may be,
their written opinion, dated the Time of Delivery, in form and substance
reasonably satisfactory to the Representatives, to the effect that:

               (i) The Company and Jones USA (collectively, the
          "Pennsylvania Issuers") are corporations organized and validly
          subsisting under the laws of the Commonwealth of Pennsylvania,
          and have the requisite corporate power and authority to own and
          hold under lease their property and to conduct their business as
          currently conducted by the Company and Jones USA;

               (ii) This Agreement and the Terms Agreement has been duly
          and validly authorized, executed and delivered by the Company [If
          the Offered Securities are debt securities: the Pennsylvania
          Issuers];

               (iii) The execution, delivery and performance by the Company
          [If the Offered Securities are debt securities: the Pennsylvania
          Issuers] of this Agreement and the Terms Agreement, the issuance,
          authentication, sale and delivery of the Offered Securities and
          compliance by the Company [If the Offered Securities are debt
          securities: the Pennsylvania Issuers] with the terms thereof and
          the consummation of the transactions contemplated by this
          Agreement and the Terms Agreement will not result in any
          violation of any Pennsylvania statute or any published judgment,
          order or decree issued by a Pennsylvania court binding on such
          Pennsyvania Issuers and of which such counsel has knowledge, any
          published rule or regulation of any Pennsylvania governmental
          agency or any other Pennsylvania body having jurisdiction over
          the Company [If the Offered Securities are debt securities: the
          Pennsylvania Issuers] or any of its properties or assets, and no
          consent, approval, authorization or order of, or filings or
          registration with, any such governmental agency or body under any
          such statute, judgment, order, decree, rule or regulation is
          required for the execution, delivery and performance by the
          Company of this Agreement and the Terms Agreement, the issuance,
          authentication, sale and delivery of the Offered Securities and
          compliance by the Company [If the Offered Securities are debt
          securities: the Pennsylvania Issuers] with the terms thereof and
          the consummation of the transactions contemplated by this
          Agreement and the Terms Agreement, except for such consents,
          approvals, authorizations, filings, registrations or
          qualifications (i) which have been obtained or made prior to the
          closing of any such sale, and (ii) as may be required to be
          obtained or made under the Act and applicable state securities
          laws;

               (iv) To such counsel's knowledge, there are no pending or
          overtly threatened actions or suits or judicial, arbitral,
          administrative or other proceedings within the Commonwealth of
          Pennsylvania to which the Company [If the Offered Securities are
          debt securities: the Pennsylvania Issuers], is a party or of
          which any property or assets of the Company [If the Offered
          Securities are debt securities: the Pennsylvania Issuers] is the
          subject which (i) singularly or in the aggregate if determined
          adversely, to the Company [If the Offered Securities are debt
          securities: the Pennsylvania Issuers], could reasonably be
          expected to have a Material Adverse Effect, or (ii) questions the
          validity or enforceability of this Agreement or the Terms
          Agreement or any action taken or be taken pursuant thereto.

          The opinion of such counsel may be limited to the laws of the
State of Pennsylvania and the Federal laws of the United States.

          (f) On the date of the Prospectus at a time prior to the
execution of this Agreement, at 9:30 a.m., New York City time, on the
effective date of any post-effective amendment to the Registration
Statement filed subsequent to the date of the Terms Agreement and also at
the Time of Delivery, BDO Seidman, LLP shall have furnished to the
Representatives a letter or letters, dated the respective dates of delivery
thereof, in form and substance satisfactory to the Representatives;

<PAGE>

                                                                         14

          (g) Neither the Company nor any of its subsidiaries shall have
sustained since the date of the latest audited financial statements
included in the Prospectus any loss or interference with its business from
fire, explosion, flood or other calamity, whether or not covered by
insurance, or from any labor dispute or court or governmental action, order
or decree, otherwise than as set forth or contemplated in the Prospectus,
and (ii) since the respective dates as of which information is given in the
Prospectus there shall not have been any change in the capital stock or
long-term debt of the Company or any of its subsidiaries or any change, or
any development involving a prospective change, in or affecting the general
affairs, management, financial position, stockholders' equity or results of
operations of the Company and its subsidiaries, otherwise than as set forth
or contemplated in the Prospectus, the effect of which, in any such case
described in clause (i) or (ii), is in the judgment of the Representatives
so material and adverse as to make it impracticable or inadvisable to
proceed with the public offering or the delivery of the Offered Securities
on the terms and in the manner contemplated in the Prospectus;

          (h) On or after the date of the Terms Agreement (i) no
downgrading shall have occurred in the rating accorded the Issuers' debt
securities or the Company's preferred stock by any nationally recognized
statistical rating organization, as that term is defined by the Commission
for purposes of Rule 436(g)(2) under the Act, and (ii) no such organization
shall have publicly announced that it has under surveillance or review,
with possible negative implications, its rating of any of the Issuers' debt
securities or the Company's preferred stock;

          (i) On or after the date of the Terms Agreement there shall not
have occurred any of the following: (i) a material suspension or material
limitation in trading in securities generally on the NYSE or on NASDAQ;
(ii) a material suspension or material limitation in trading in the
Company's securities on the NYSE; (iii) a general moratorium on commercial
banking activities declared by either Federal or New York State
authorities; or (iv) the outbreak or escalation of major hostilities
involving the United States or the declaration by the United States of a
national emergency or war, if the effect of any such event specified in
this clause (iv) in the judgment of the Representatives makes it
impracticable or inadvisable to proceed with the public offering or the
delivery of the Offered Securities on the terms and in the manner
contemplated in the Prospectus;

          (j) If the Offered Securities are common stock: At the Time of
Delivery the New York Stock Exchange shall have approved the Offered
Securities to be sold by the Company for inclusion, subject only to
official notice of issuance and evidence of satisfactory distribution;

          (k) If the Offered Securities are common stock: The Company has
obtained and delivered to the Underwriters executed copies of an agreement
from the persons identified in a schedule to the Terms Agreement to the effect
set forth in Subsection 3(f) hereof in form and substance satisfactory to
the Representatives;

          (l) The Company shall have complied with the provisions of
Section 3(c) hereof with respect to the furnishing of Prospectuses on the
New York Business Day next succeeding the date of the Terms Agreement; and

          (m) The Company, or, in the case of Offered Debt Securities, the
Issuers, shall have furnished or caused to be furnished to the
Representatives at the Time of Delivery certificates of officers of the
Company, or, in the case of Offered Debt Securities, the Issuers,
satisfactory to the Representatives as to (i) the accuracy of the
representations and warranties of the Company, or, in the case of Offered
Debt Securities, the Issuers, herein at and as of such Time of Delivery,
(ii) the performance in all material respects by the Company, or, in the
case of Offered Debt Securities, the Issuers, of all of its or their
obligations hereunder and under the Terms Agreement to be performed at or
prior to such Time of Delivery, (iii) the absence of untrue statements of
material facts or omissions of material facts required to be stated or

<PAGE>

                                                                         15

necessary to make statements not misleading in the Registration Statement
and the Prospectus, (iv) absence of events since the Effective Date which
should be set forth in a supplement or amendment to the Registration
Statement and the Prospectus, and (v) such other matters as the Underwriter
may reasonably request and the Company shall have furnished or caused to be
furnished certificates as to the matters set forth in subsections (a) and
(h) of this Section and as to such other matters as the Representatives may
reasonably request.

          6. Indemnifications.

          (a) The Company, or, in the case of Offered Debt Securities, the
Issuers, jointly and severally, will indemnify and hold harmless each
Underwriter, their respective officers and employees and each person, if
any, who controls any Underwriter within the meaning of the Act, from and
against any loss, claim, damage or liability, joint or several, or any
action in respect thereof (including, but not limited to, any loss, claim,
damage, liability or action relating to purchases and sales of Offered
Securities), to which that Underwriter, officer, employee or controlling
person may become subject, under the Act or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon:
any untrue statement or alleged untrue statement of a material fact
contained in the Registration Statement or the Prospectus or in any
amendment or supplement thereto, or the omission or alleged omission to
state in the Prospectus or in any amendment or supplement thereto, any
material fact required to be stated therein or necessary to make the
statements therein not misleading, and shall reimburse each Underwriter,
and each such officer, employee or controlling person promptly upon demand
for any legal or other expenses reasonably incurred by that Underwriter,
officer, employee or controlling person in connection with investigating or
defending or preparing to defend against any such loss, claim damage,
liability or action as such expenses are incurred; provided, however, that
the Company, or, in the case of Offered Debt Securities, the Issuers, shall
not be liable in any such case to the extent that any such loss, claim,
damage, liability, or action arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made
in the Registration Statement or the Prospectus or any such amendment or
supplement in reliance upon and in conformity with written information
concerning such Underwriter furnished to the Company, or, in the case of
Offered Debt Securities, the Issuers, by any Representatives by or on
behalf of any Underwriter specifically for inclusion therein; provided
further that the Company, or, in the case of Offered Debt Securities, the
Issuers, shall not be liable to any Underwriter under the indemnity
agreement in this paragraph 6(a) with respect to the Prospectus to the
extent that any such loss, claim, damage or liability of such Underwriters
results from the fact that such Underwriter sold Offered Securities to a
person as to whom there was not sent or given, at or prior to written
confirmation of such sale, a copy of the Prospectus as then amended or
supplemented if the Company, or, in the case of Offered Debt Securities,
the Issuers, had previously furnished copies thereof in the quantity
requested and in a timely manner in accordance with Section 3(c) hereof to
such Underwriter and the loss, claim, damage or liability of such
Underwriter results from an untrue statement or omission of a material fact
contained in the Registration Statement and corrected in the Prospectus as
amended or supplemented.

          (b) Each Underwriter, severally and not jointly, shall indemnify
and hold harmless the Company, or, in the case of Offered Debt Securities,
the Issuers, its or their officers who sign the Registration Statement,
each of its or their directors (including any person who, with his or her
consent, is named in the Registration Statement or the Prospectus as about
to become a director of the Company, or, in the case of Offered Debt
Securities, the Issuers), and each person, if any, who controls the
Company, or, in the case of Offered Debt Securities, the Issuers, within
the meaning of the Act, from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof, to which the
Company, or, in the case of Offered Debt Securities, the Issuers, or any
such director, officer or controlling person may become subject, under the
Act or otherwise, insofar as such loss, claim, damage, liability or action
arises out of, or is based upon, (i) any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement or the
Prospectus or in any amendment or supplement thereto or (ii) the omission
or alleged omission to state in the Registration Statement or the
Prospectus, or in any amendment or

<PAGE>

                                                                         16

supplement thereto, any material fact required to be stated therein or
necessary to make the statements therein not misleading, but in each case
only to the extent that the untrue statement or alleged untrue statement or
omission or alleged omission was made in reliance upon and in conformity
with written information concerning such Underwriter furnished to the
Company, or, in the case of Offered Debt Securities, the Issuers, through
the Representatives by or on behalf of that Underwriter specifically for
inclusion therein, and shall reimburse the Company, or, in the case of
Offered Debt Securities, the Issuers, and any such director, officer or
controlling person for any legal or other expenses reasonably incurred by
the Company, or, in the case of Offered Debt Securities, the Issuers, or
any such director, officer or controlling person in connection with
investigating or defending or preparing to defend against any such loss,
claim, damage, liability or action as such expenses are incurred. The
foregoing indemnity agreement is in addition to any liability which any
Underwriter may otherwise have to the Company, or, in the case of Offered
Debt Securities, the Issuers, or any such director, officer, employee or
controlling person.

          (c) Promptly after receipt by an indemnified party under
subsection (a) or (b) above of notice of any claim or the commencement of
any action, the indemnified party shall, if a claim in respect thereof is
to be made against the indemnifying party under such subsection, notify the
indemnifying party in writing of the claim or the commencement thereof;
provided, however, that the failure to notify the indemnifying party shall
not relieve it from any liability which it may have under this section
except to the extent it has been materially prejudiced by such failure, and
provided further, that the failure to notify the indemnifying party shall
not relieve it from any liability which it may have to an indemnified party
other wise than under such subsection. In case any such claim or action
shall be brought against an indemnified party, and it shall notify the
indemnifying party thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it wishes, jointly with any
other similarly notified indemnifying party, to assume the defense thereof,
with counsel reasonably satisfactory to the indemnified party. After notice
from the indemnifying party to the indemnified party of its election to
assume the defense of such claim or action, the indemnifying party shall
not be liable to the indemnified party under such subsection for any legal
or other expenses, subsequently incurred by the indemnified party, in
connection with the defense thereof; provided, however, that if the
defendants in any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have in good faith
reasonably concluded that there may be defenses available to it which are
different from or additional to those available to the indemnifying party
or if the interests of the indemnified party may be deemed to conflict with
the interests of the indemnifying party, the indemnified party shall have
the right to select a separate counsel in the defense of such action, with
the expenses and fees of such separate counsel and other expenses related
to such participation to be reimbursed by the indemnifying party as
incurred; provided further that in no event shall the foregoing proviso
require the indemnifying party to bear the fees and expenses of more than
one separate counsel, in addition to local counsel, for each of the
following classes of parties hereto: (i) the Representatives and those
other Underwriters and their respective officers, employees and controlling
persons who may be subject to liability arising out of any claim in respect
of which indemnity may be sought under this Section 6 and (ii) the Company
and its subsidiaries, or, in the case of Offered Debt Securities, the
Issuers. No indemnifying party shall (i) without the prior written consent
of the indemnified parties (which consent shall not be unreasonably
withheld), settle or compromise or consent to the entry of any judgment
with respect to any pending or threatened claim, action, suit or proceeding
in respect of which indemnification or contribution may be sought hereunder
(whether or not the indemnified parties are actual or potential parties to
such claim or action) unless such settlement, compromise or consent
includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding, or (ii) be
liable for any settlement of any such action effected without its written
consent (which consent shall not be unreasonably withheld), but if settled
with the consent of the indemnifying party or if there be a final judgment
of the plaintiff in any such action, the indemnifying party agrees to
indemnify and hold harmless any indemnified party from and against any loss
or liability by reason of such settlement or judgment to the extent
provided in this Section 6.

          (d) If the indemnification provided for in this Section 6 shall
for any reason be unavail-

<PAGE>

                                                                         17

able to or insufficient (other than by reason of the exceptions provided
therein) to hold harmless an indemnified party under subsection (a) or (b)
above in respect of any loss, claim, damage or liability, or any action in
respect thereof, referred to therein, then each indemnifying party shall,
in lieu of indemnifying such indemnified party, contribute to the amount
paid or payable by such indemnified party as a result of such loss, claim,
damage or liability or action in respect thereof, (i) in such proportion as
shall be appropriate to reflect the relative benefits received by each
party to the Terms Agreement from the offering of the Offered Securities or
(ii) if the allocation provided by the clause (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only
such relative benefits but also the relative fault of each party to the
Terms Agreement with respect to the statements or omissions which resulted
in such loss, claim, damage or liability, or action in respect thereof, as
well as any other relevant equitable considerations. The relative benefits
received by the Company, or, in the case of Offered Debt Securities, the
Issuers, and the Underwriters with respect to such offering shall be deemed
to be in the same proportion as the total net proceeds from the offering of
the Offered Securities purchased under this Agreement (before deducting
expenses) received by the Company, or, in the case of Offered Debt
Securities, the Issuers, and the total underwriting discounts and
commissions received by the Underwriters with respect to the Offered
Securities purchased under the Terms Agreement as set forth in the table on
the cover page of the Prospectus, bear to the sum of the total proceeds
from the sale of the Offered Securities (before deducting expenses) in the
offering. The relative fault shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates
to information supplied by the Company, or, in the case of Offered Debt
Securities, the Issuers, or the Underwriters and the parties' relative
intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. The Company, or, in the case of Offered
Debt Securities, the Issuers, and the Underwriters agree that it would not
be just and equitable if contributions pursuant to this subsection (d) were
determined by pro rata allocation or by any other method of allocation
which does not take into account of the equitable considerations referred
to herein. The amount paid or payable by an indemnified party as a result
of the loss, claim, damage or liability or action in respect thereof,
referred to above in this subsection (d) shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this subsection (d), no Underwriter shall
be required to contribute any amount in excess of the amount by which the
total price at which the Offered Securities underwritten by it and
distributed to the public was offered to the public, exceeds the amount of
any damages which such Underwriter, as the case may be, has otherwise been
required to pay or become liable to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation. The Underwriters' obligations in this
subsection (d) to contribute are several in proportion to their respective
underwriting obligations and not joint.

          (e) As used herein, the phrase "actual knowledge" means, with
respect to any natural person, the actual knowledge of such person and,
with respect to any other person, the actual knowledge of any natural
person exercising control (whether by ownership or management) over such
person, and shall not imply any duty to investigate or be deemed to include
any knowledge that might have become actually known following
investigation. The phrase "actually known" shall have a correlative
meaning.

          (f) The obligations of the Company, or, in the case of Offered
Debt Securities, the Issuers, under this Section 6 shall be in addition to
any liability which the Company, or, in the case of Offered Debt
Securities, the Issuers, may otherwise have and shall extend, upon the same
terms and conditions, to each person, if any, who controls any Underwriter
within the meaning of the Act; the obligations of the Underwriters under
this Section 6 shall be in addition to any liability which the respective
Underwriters may otherwise have and shall extend, upon the same terms and
conditions, to each officer and director of the Company, or, in the case of
Offered Debt Securities, of the Issuers, (including any person who, with
his or her consent, is named in the Registration Statement or the
Prospectus as about to become a

<PAGE>

                                                                         18

director of the Company or, in the case of Offered Debt Securities, the
Issuers), and to each person, if any, who controls the Company, or, in the
case of Offered Debt Securities, the Issuers, within the meaning of the
Act.

          7. Defaulting Underwriters.

          (a) If any Underwriter shall default in its obligation to
purchase the Offered Securities which it has agreed to purchase under the
Terms Agreement, at the Time of Delivery, the Representatives may in their
discretion arrange for the Representatives or another party or other
parties to purchase such Offered Securities on the terms contained herein.
If within thirty-six hours after such default by any Underwriter the
Representatives do not arrange for the purchase of such Offered Securities,
then the Company, or, in the case of Offered Debt Securities, the Issuers,
shall be entitled to a further period of thirty-six hours within which to
procure another party or other parties reasonably satisfactory to the
Representatives to purchase such Offered Securities on such terms. In the
event that, within the respective prescribed periods, the Representatives
notify the Company, or, in the case of Offered Debt Securities, the
Issuers, that they have so arranged for the purchase of such Offered
Securities, or the Company notifies, or, in the case of Offered Debt
Securities, the Issuers notify, the Representatives that it has or they
have so arranged for the purchase of such Offered Securities, the
Representatives or the Company, or, in the case of Offered Debt Securities,
the Issuers, shall have the right to postpone the Time of Delivery for a
period of not more than seven days, in order to effect whatever changes may
thereby be made necessary in the Registration Statement or the Prospectus,
or in any other documents or arrangements, and the Company agrees, or, in
the case of Offered Debt Securities, the Issuers agree, to file promptly
any amendments to the Registration Statement or the Prospectus which in the
opinion of the Representatives may thereby be made necessary. The term
"Underwriter" as used in this Agreement shall include any person
substituted under this Section with like effect as if such person had
originally been a party to this Agreement with respect to such Offered
Securities.

          (b) If, after giving effect to any arrangements for the purchase
of the Offered Securities of a defaulting Underwriter or Underwriters by
the Representatives and the Company, or, in the case of Offered Debt
Securities, the Issuers, as provided in subsection (a) above, the aggregate
number of such Offered Securities which remains unpurchased does not exceed
one-tenth of the aggregate principal amount or gross proceeds, as
applicable, of all the Offered Securities to be purchased at such Time of
Delivery, then the Company, or, in the case of Offered Debt Securities, the
Issuers, shall have the right to require each non-defaulting Underwriter to
purchase the number of Offered Securities which such Underwriter agreed to
purchase under the Terms Agreement at such Time of Delivery and, in
addition, to require each non-defaulting Underwriter to purchase its pro
rata share (based on the number of Offered Securities which such
Underwriter agreed to purchase under the Terms Agreement) of the Offered
Securities of such defaulting Underwriter or Underwriters for which such
arrangements have not been made; but nothing herein shall relieve a
defaulting Underwriter from liability for its default.

          (c) If, after giving effect to any arrangements for the purchase
of the Offered Securities of a defaulting Underwriter or Underwriters by
the Representatives and the Company, or, in the case of Offered Debt
Securities, the Issuers, as provided in subsection (a) above, the aggregate
principal amount or gross proceeds, as applicable, of Offered Securities
which remains unpurchased exceeds one-tenth of the aggregate principal
amount or gross proceeds, as applicable, of all the Offered Securities, or
if the Company, or, in the case of Offered Debt Securities, the Issuers,
shall not exercise the right described in subsection (b) above to require
non-defaulting Underwriters to purchase Offered Securities of a defaulting
Underwriter or Underwriters, then this Agreement shall thereupon terminate,
without liability on the part of any non-defaulting Underwriter, the
Company, or, in the case of Offered Debt Securities, the Issuers, except
for the expenses to be borne by the Company, or, in the case of Offered
Debt Securities, the Issuers, and the Underwriters as provided in Section 5
hereof and the indemnity and contribution agreements in Section 6 hereof;
but nothing herein shall relieve a defaulting Underwriter from liability
for its default.

<PAGE>

                                                                         19

          8. Survival. The respective indemnities, agreements,
representations, warranties and other statements of the Company, or, in the
case of Offered Debt Securities, the Issuers, and the several Underwriters,
as set forth in this Agreement or made by or on behalf of them,
respectively, pursuant to this Agreement and the Terms Agreement, shall
remain in full force and effect, regardless of any investigation (or any
statement as to the results thereof) made by or on behalf of any
Underwriter or any controlling person of any Underwriter or the Company,
or, in the case of Offered Debt Securities, the Issuers, or any officer or
director or controlling person of the Company, or, in the case of Offered
Debt Securities, the Issuers, and shall survive delivery of and payment for
the Offered Securities.

          9. Reimbursement of Underwriting Expenses. If this Agreement
shall be terminated pursuant to Section 7 hereof, neither the Company, or,
in the case of Offered Debt Securities, the Issuers, shall then be under
any liability to any Underwriter except as provided in Sections 5 and 6
hereof; but, if for any other reason, the Offered Securities are not
delivered by or on behalf of the Company, or, in the case of Offered Debt
Securities, the Issuers, as provided herein, the Company, or, in the case
of Offered Debt Securities, the Issuers, will reimburse the Underwriters
through the Representatives for all out-of-pocket expenses approved in
writing by the Representatives, including fees and disbursements of
counsel, reason ably incurred by the Underwriters in making preparations
for the purchase, sale and delivery of the Offered Securities not so
delivered, but the Company, or, in the case of Offered Debt Securities, the
Issuers, shall then be under no further liability to any Underwriter except
as provided in and Sections 5 and 6 hereof.

          10. Notices, etc. In all dealings hereunder and under the Terms
Agreement, the Representatives shall act on behalf of each of the
Underwriters, and the parties hereto shall be entitled to act and rely upon
any statement, request, notice or agreement on behalf of any Underwriter
made or given by the Representatives jointly or by the Lead Underwriter on
behalf of the Representatives.

          All statements, requests, notices, and agreements hereunder and
under the Terms Agreement shall be in writing, and if to the Underwriters
shall be delivered or sent by mail, telex or fac simile transmission to the
Representatives at the address specified in the Terms Agreement; and if to
the Company, or, in the case of Offered Debt Securities, to the Issuers,
shall be delivered or sent by mail, telex or facsimile transmission to the
address of the Company set forth in the Registration Statement, Attention:
Secretary; provided, however, that any notice to an Underwriter pursuant to
Section 6(c) hereof shall be delivered or sent by mail, telex or facsimile
transmission to such Underwriter at its address set forth in its
Underwriters' Questionnaire, or which address will be supplied to the
Company, or, in the case of Offered Debt Securities, the Issuers, by the
Representatives upon request. Any such statements, requests, notices or
agreements shall take effect upon receipt thereof. The Company, or, in the
case of Offered Debt Securities, the Issuers, shall be entitled to act and
rely upon any request, consent, notice or agreement given or made on behalf
of the Underwriters by any of the Representatives.

          11. Persons Entitled to Benefit of Agreement. This Agreement and
the Terms Agreement shall be binding upon, and inure solely to the benefit
of, the Underwriters, the Company or, in the case of Offered Debt
Securities, the Issuers, to the extent provided in Sections 6 and 8 hereof,
the officers and directors of the Company, or, in the case of Offered Debt
Securities, the Issuers, and each person who controls the Company, or, in
the case of Offered Debt Securities, the Issuers, any Underwriter, and
their respective heirs, executors, administrators, successors and assigns,
and no other person shall acquire or have any right under or by virtue of
this Agreement. No purchaser of any of the Offered Securities from any
Underwriter shall be deemed a successor or assign by reason merely of such
purchase.

          12. Time of the Essence. Time shall be of the essence of this
Agreement and the Terms Agreement. As used herein, the term "business day"
shall mean any day on which the New York Stock Exchange, Inc. is open for
trading.

          13. Governing Law. This Agreement and the Terms Agreement shall
be governed by and

<PAGE>

                                                                         20

construed in accordance with the laws of the State of New York without
giving effect to any provisions relating to conflicts of law.

          14. Counterparts. This Agreement and the Terms Agreement may be
executed by any one or more of the parties hereto in any number of
counterparts, each of which shall be deemed to be an original, but all such
counterparts shall together constitute one and the same instrument.

          15. Headings. The headings herein are inserted for convenience of
reference only and are not intended to be part of, or to affect the meaning
or interpretation of, this Agreement.

                                         Very truly yours,

                                         JONES APPAREL GROUP, INC.,

                                         By:

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

                                         JONES APPAREL GROUP HOLDINGS, INC.,

                                         By:

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

                                         JONES APPAREL GROUP USA, INC.,

                                         By:

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

                                         NINE WEST GROUP INC.,

                                         By:

                                             Name:
                                                  ----------------------------
                                             Title:EXHIBIT 4.2

                         JONES APPAREL GROUP, INC.,
                    JONES APPAREL GROUP HOLDINGS, INC.,
                     JONES APPAREL GROUP USA, INC., and
                           NINE WEST GROUP INC.,

                                 as Issuers

                                    and

                            THE BANK OF NEW YORK

                                 as Trustee

                                 INDENTURE

                     Dated as of _________, __________

                                $ __________

<PAGE>

        Table Showing Reflection in Indenture of Certain Provisions
                      of Trust Indenture Act of 1939,
           as amended by the Trust Indenture Reform Act of 1990*

                           ----------------------
                           Reflected in Indenture
                           ----------------------

Trust Indenture

Act Section                                             Indenture Section
                             Indenture Section

310      (a) (1).....................................         7.10
         (a) (2).....................................         7.10
         (a) (3).....................................         N.A.
         (a) (4).....................................         N.A.
         (a) (5).....................................         7.10
         (b).........................................         7.10
         (c).........................................         N.A.
311      (a).........................................         7.11
         (b).........................................         7.11
         (c).........................................         N.A.
312      (a).........................................         2.06
         (b).........................................         10.03
         (c).........................................         10.03
313      (a).........................................         7.06
         (b) (1).....................................         N.A.
         (b) (2).....................................         7.06
         (c).........................................      7.06; 10.02
         (d).........................................         7.06
314      (a).........................................   4.02; 4.08; 10.02
         (b).........................................         N.A.
         (c) (1).....................................         10.04
         (c) (2).....................................         10.04
         (c) (3).....................................         N.A.
         (d).........................................         N.A.
         (e).........................................         10.05
         (f).........................................         N.A.
315      (a).........................................         7.01
         (b).........................................      7.05; 10.02
         (c).........................................         7.01
         (d).........................................         7.01
         (e).........................................         6.11
316      (a).........................................         2.09
         (a)(1)(A)...................................         6.05
         (a)(1)(B)...................................         6.04
         (a)(2)......................................         N.A.
         (b).........................................         6.07
         (c).........................................         2.13
317      (a)(1)......................................         6.08
         (a)(2)......................................         6.09
         (b).........................................         2.05
318      (a).........................................         10.01
         (b).........................................         N.A.
         (c).........................................         10.01

      N.A. means not applicable.
      * This Cross Reference Table is not part of the Indenture.

<PAGE>

                             TABLE OF CONTENTS

                                                                        Page

                                 ARTICLE 1

                 DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.01.  Definitions.................................................1

SECTION 1.02.  Other Definitions...........................................6

SECTION 1.03.  Incorporation by Reference of Trust Indenture Act...........7

SECTION 1.04.  Rules of Construction.......................................7

                                 ARTICLE 2

                               THE SECURITIES

SECTION 2.01.  Issuable in Series..........................................7

SECTION 2.02.  Establishment of Terms of Series of Securities..............8

SECTION 2.03.  Execution and Authentication...............................10

SECTION 2.04.  Registrar and Paying Agent.................................11

SECTION 2.05.  Paying Agent to Hold Money in Trust........................12

SECTION 2.06.  Holder Lists...............................................12

SECTION 2.07.  Transfer and Exchange......................................12

SECTION 2.08.  Mutilated, Destroyed, Lost and Stolen Securities...........13

SECTION 2.09.  Outstanding Securities.....................................13

SECTION 2.10.  Treasury Securities........................................14

SECTION 2.11.  Temporary Securities.......................................14

SECTION 2.12.  Cancellation...............................................14

SECTION 2.13.  Defaulted Interest.........................................14

SECTION 2.14.  Global Securities..........................................15

SECTION 2.15.  CUSIP Numbers..............................................16

                                     i

<PAGE>

                                 ARTICLE 3

                                 REDEMPTION

SECTION 3.01.  Notices to Trustee.........................................16

SECTION 3.02.  Selection of Securities To Be Redeemed.....................16

SECTION 3.03.  Notice of Redemption.......................................17

SECTION 3.04.  Effect of Notice of Redemption.............................17

SECTION 3.05.  Deposit of Redemption Price................................17

SECTION 3.06.  Securities Redeemed in Part................................18

                                 ARTICLE 4

                                 COVENANTS

SECTION 4.01.  Payment of Securities......................................18

SECTION 4.02.  SEC Reports................................................18

SECTION 4.03.  Corporate Existence........................................18

SECTION 4.04.  Restrictions on Liens......................................19

SECTION 4.05.  Restrictions on Sale and Leaseback Transactions............21

SECTION 4.06.  Exempted Debt..............................................22

SECTION 4.07.  Waiver of Certain Covenants................................22

SECTION 4.08.  Compliance Certificate.....................................22

SECTION 4.09.  Further Instruments and Acts...............................22

                                 ARTICLE 5

                            SUCCESSOR COMPANIES

SECTION 5.01.  Merger and Consolidation...................................23

                                 ARTICLE 6

                           DEFAULTS AND REMEDIES

SECTION 6.01.  Events of Default..........................................24

SECTION 6.02.  Acceleration...............................................25

SECTION 6.03.  Other Remedies.............................................26

                                     ii

<PAGE>

SECTION 6.04.  Waiver of Past Defaults....................................26

SECTION 6.05.  Control by Majority........................................26

SECTION 6.06.  Limitation on Suits........................................27

SECTION 6.07.  Rights of Holders to Receive Payment.......................27

SECTION 6.08.  Collection Suit by Trustee.................................27

SECTION 6.09.  Trustee May File Proofs of Claim...........................27

SECTION 6.10.  Priorities.................................................28

SECTION 6.11.  Undertaking for Costs......................................28

SECTION 6.12   Waiver of Stay or Extension Laws...........................28

                                 ARTICLE 7

                                  TRUSTEE

SECTION 7.01.  Duties of Trustee..........................................29

SECTION 7.02.  Rights of Trustee..........................................30

SECTION 7.03.  Individual Rights of Trustee...............................31

SECTION 7.04.  Trustee's Disclaimer.......................................31

SECTION 7.05.  Notice of Defaults.........................................31

SECTION 7.06.  Reports by Trustee to Holder...............................31

SECTION 7.07.  Compensation and Indemnity.................................31

SECTION 7.08.  Replacement of Trustee.....................................32

SECTION 7.09.  Successor Trustee by Merger................................33

SECTION 7.10.  Eligibility; Disqualification..............................33

SECTION 7.11.  Preferential Collection of Claims Against Issuers..........33

                                 ARTICLE 8

                  LEGAL DEFEASANCE AND COVENANT DEFEASANCE

SECTION 8.01.  Option to Effect Legal Defeasance or Covenant Defeasance...33

                                    iii

<PAGE>

SECTION 8.02.  Legal Defeasance and Discharge.............................34

SECTION 8.03.  Covenant Defeasance........................................34

SECTION 8.04.  Conditions to Legal or Covenant Defeasance.................35

SECTION 8.05.  Deposited Money and Government Securities to be
                 Held in Trust; Other Miscellaneous Provisions............36

SECTION 8.06.  Repayment to Issuers.......................................37

SECTION 8.07.  Reinstatement..............................................37

                                 ARTICLE 9

                                 AMENDMENTS

SECTION 9.01.  Without Consent of Holders.................................37

SECTION 9.02.  With Consent of Holders....................................39

SECTION 9.03.  Compliance with Trust Indenture Act........................40

SECTION 9.04.  Revocation and Effect of Consents and Waivers..............40

SECTION 9.05.  Notation on or Exchange of Securities......................40

SECTION 9.06.  Trustee To Sign Amendments.................................40

SECTION 9.07.  Payment for Consent........................................41

                                 ARTICLE 10

                               MISCELLANEOUS

SECTION 10.01.  Trust Indenture Act Controls..............................41

SECTION 10.02.  Notices...................................................41

SECTION 10.03.  Communication by Holders with Other Holders...............42

SECTION 10.04.  Certificate and Opinion as to Conditions Precedent........42

SECTION 10.05.  Statements Required in Certificate or Opinion.............42

SECTION 10.06.  When Securities Disregarded...............................42

SECTION 10.07.  Rules by Trustee, Paying Agent and Registrar..............43

SECTION 10.08.  Legal Holidays............................................43

                                     iv

<PAGE>

SECTION 10.09.  Governing Law.............................................43

SECTION 10.10.  No Recourse Against Others................................43

SECTION 10.11.  Successors................................................43

SECTION 10.12.  Multiple Originals........................................43

SECTION 10.13.  Table of Contents; Headings...............................43

SECTION 10.14.  Severability..............................................43

                                     v

<PAGE>

          INDENTURE, dated as of ________, ________, by and among JONES
APPAREL GROUP, INC., a Pennsylvania corporation, JONES APPAREL GROUP
HOLDINGS, INC., a Delaware corporation, JONES APPAREL GROUP USA, INC., a
Pennsylvania corporation, NINE WEST GROUP INC., a Delaware corporation
(collectively, the "Issuers"), and THE BANK OF NEW YORK, a New York State
banking corporation, as trustee (the "Trustee").

          Each party agrees as follows for the benefit of the other parties
and for the equal and ratable benefit of the Holders of the Securities
issued under this Indenture (the "Securities"):

                                 ARTICLE 1

                 DEFINITIONS AND INCORPORATION BY REFERENCE

          SECTION 1.01. Definitions.

          "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 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.

          "Agent" means any Registrar, Paying Agent or co-registrar.

          "Attributable Debt" in respect of a Sale and Leaseback
Transaction means, at the time of determination, the present value
(discounted at the actual rate of interest of such transaction) of the
obligation of the lessee for net rental payments during the remaining term
of the lease included in such Sale and Leaseback Transaction (including any
period for which such lease has been extended or may, at the option of the
lessor, be extended). The term "net rental payments" under any lease for
any period shall mean the sum of the rental and other payments required to
be paid in such period by the lessee thereunder, not including, however,
any amounts required to be paid by such lessee (whether or not designated
as rental or additional rental) on account of maintenance and repairs,
insurance, taxes, assessments, water rates or similar charges required to
be paid by such lessee thereunder or any amounts required to be paid by
such lessee thereunder contingent upon the amount of sales, maintenance and
repairs, insurance, taxes, assessments, water rates or similar charges. In
the case of any lease which is terminable by the lessee upon the payment of
a penalty, such net amount shall also include the amount of such penalty,
but no rent shall be considered as required to be paid under such lease
subsequent to the first date upon which it may be so terminated without
payment of such penalty.

          "Board of Directors" means the Board of Directors of the
applicable Issuer or any committee thereof duly authorized to act on behalf
of the Board of Directors of such Issuer.

          "Board Resolution" means a copy of a resolution certified by the
Secretary or an Assistant Secretary of each Issuer to have been adopted by
the applicable Board of

                                     1

<PAGE>

Directors or pursuant to authorization by such Board of Directors and to be
in full force and effect on the date of the certificate and delivered to
the Trustee.

          "Business Day" means each day which is not a Legal Holiday.

          "Capital Stock" of any Person means any and all shares,
interests, rights to purchase, warrants, options, participations or other
equivalents of or interests in (however designated) equity of such Person,
including any preferred stock, but excluding any debt securities
convertible into such equity.

          "Clearstream" means Clearstream Banking, societe anonyme.

          "Closing Date" means the date of this Indenture.

          "Code" means the Internal Revenue Code of 1986, as amended.

          "Company" means Jones Apparel Group, Inc., a Pennsylvania
corporation, until a successor Person shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter "Company" shall
mean such successor Person.

          "Consolidated Net Tangible Assets" means, as of any date of
determination, the total amount of assets of the Issuers and their
respective Subsidiaries (less applicable reserves and other properly
deductible items) after deducting (1) all current liabilities (excluding
the amount of those which are by their terms extendable or renewable at the
option of the obligor to a date more than 12 months after the date as of
which the amount is being determined and excluding all intercompany items
between an Issuer and any of its wholly-owned Subsidiaries or between
Issuers or wholly-owned Subsidiaries of Issuers) and (2) all goodwill,
trade names, trademarks, patents, unamortized debt discount and expense and
other like intangible assets, all as determined on a consolidated basis in
accordance with GAAP.

          "Consolidated Shareholders' Equity" means consolidated
shareholders' equity of the Issuers and their respective Subsidiaries as
determined in accordance with GAAP and reflected on the Issuers' most
recent balance sheet.

          "Default" means any event which is, or after notice or passage of
time or both would be, an Event of Default.

          "Definitive Securities" means a certificated Security registered
in the name of the Holder thereof and issued in accordance with Section
2.11 hereof.

          "Depositary" means, with respect to the Securities issuable in
whole or in part in global form, the Person specified pursuant to Section
2.14 hereof as the initial Depositary with respect to the Securities, until
a successor shall have been appointed and become such pursuant to the
applicable provisions of this Indenture, and thereafter "Depositary" shall
mean or include such successor.

                                     2

<PAGE>

          "Dollar" means a dollar or other equivalent unit in such coin or
currency of the United States as at the time shall be legal tender for the
payment of public and private debt.

          "Euroclear" means the Euroclear System.

          "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

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

          "Funded Debt" means Indebtedness, whether incurred, assumed or
guaranteed, maturing by its terms more than one year from the date of
creation thereof or which is extendable or renewable at the sole option of
the obligor in such manner that it may become payable more than one year
from the date of creation thereof, provided, however, that Funded Debt
shall not include obligations created pursuant to leases, or any
Indebtedness or portion thereof maturing by its terms within one year from
the time of any computation of the amount of outstanding Funded Debt unless
such Indebtedness shall be extendable or renewable at the sole option of
the obligor in such manner that it may become payable more than one year
from such time, or any Indebtedness for the payment or redemption of which
money in the necessary amount shall have been deposited in trust either at
or before the maturity or redemption date thereof.

          "GAAP" means generally accepted accounting principles in the
United States of America as in effect from time to time, including those
principles set forth in (i) the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public
Accountants, (ii) statements and pronouncements of the Financial Accounting
Standards Board, (iii) such other statements by such other entity as
approved by a significant segment of the accounting profession and (iv) the
rules and regulations of the SEC governing the inclusion of financial
statements (including pro forma financial statements) in periodic reports
required to be filed pursuant to Section 13 of the Exchange Act, including
opinions and pronouncements in staff accounting bulletins and similar
written statements from the accounting staff of the SEC. All ratios and
computations based on GAAP contained in this Indenture shall be computed in
conformity with GAAP.

          "Global Security" when used with respect to any Series of
Securities issued hereunder, means a Security which is executed by the
Issuers and authenticated and delivered by the Trustee to the Depository or
pursuant to the Depository's instruction, all in accordance with this
Indenture and an indenture supplemental hereto, if any, or Board Resolution
and pursuant to an Issuer Request, which shall be registered in the name of
the Depository or its nominee and which shall represent, and shall be
denominated in an amount equal to the aggregate principal amount of, all
the outstanding Securities of such Series or any portion thereof, in either
case having the same terms, including, without limitation, the same
original issue date, date or dates on which principal is due, and interest
rate or method of determining interest and which shall bear the legend as
prescribed by Section 2.14(c).

          "Global Securities Legend" means the legend set forth in Section
2.14(c), which is required to be placed on all Global Securities issued
under this Indenture.

                                     3

<PAGE>

          "Government Securities" means direct obligations of, or
obligations guaranteed by, the United States of America, and the payment
for which the United States pledges its full faith and credit.

          "Guarantee" means a guarantee (other than by endorsement of
negotiable instruments for collection in the ordinary course of business),
direct or indirect, in any manner (including, without limitation, by way of
a pledge of assets or through letters of credit or reimbursement agreements
in respect thereof), of all or any part of any Indebtedness. The term
"Guarantor" shall mean any Person Guaranteeing any obligation.

          "Holder" means the Person in whose name a Security is registered
on the Registrar's books.

          "Indebtedness" of a Person means indebtedness for borrowed money
and all indebtedness under purchase money mortgages or other purchase money
liens or conditional sales or similar title retention agreements (but
excluding trade accounts payable in the ordinary course of business) in
each case where such indebtedness has been created, incurred, assumed or
guaranteed by such Person or where such Person is otherwise liable
therefore and indebtedness for borrowed money secured by any Lien upon
property owned by such Person even though such Person has not assumed or
become liable for the payment of such indebtedness; provided that if the
obligation so secured has not been assumed in full by such Person or is
otherwise not such Person's legal liability in full, the amount of such
obligation for the purposes of this definition shall be limited to the
lesser of the amount of such obligation secured by such Lien or the fair
market value of the property securing such Lien.

          "Indenture" means this Indenture as amended or supplemented from
time to time.

          "Interest Payment Date" when used with respect to any Series of
Securities, means the date specified in such Securities for the payment of
any installment of interest on those Securities.

          "Issuer" means each party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor and, for
purposes of any provision contained herein and required by the Trust
Indenture Act, each other obligor on the indenture securities.

          "Issuer Order" means a written order signed in the name of each
Issuer by two Officers of each Issuer.

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

          "Maturity", when used with respect to any Security or installment
of principal thereof, means the date on which the principal of such
Security or such

                                     4

<PAGE>

installment of principal becomes due and payable as therein or herein
provided, whether at the Stated Maturity or by declaration of acceleration
or otherwise.

          "Officer" means the Chairman of the Board, the Chief Executive
Officer, the Chief Financial Officer, the President, any Vice President,
the Treasurer or the Secretary of the applicable Issuer.

          "Officers' Certificate" means a certificate signed by two
Officers of each Issuer.

          "Opinion of Counsel" means a written opinion from legal counsel.
The counsel may be an employee of or counsel to the applicable Issuer or
the Trustee.

          "Original Issue Discount Security" means (i) any 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, and
(ii) any other security which is issued with "original issue discount"
within the meaning of Section 1273(a) of the Code.

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

          "Principal Property" means, any property owned or leased by any
Issuer or Restricted Subsidiary, the net book value of which exceeds one
percent of the Consolidated Net Tangible Assets of the Issuers and their
respective Subsidiaries.

          "Restricted Subsidiary" means, at any time, any Subsidiary of an
Issuer which would be a "Significant Subsidiary" at such time, as such term
is defined in Regulation S-X promulgated by the SEC, as in effect on the
Closing Date.

          "SEC" means the Securities and Exchange Commission.

          "Securities" has the meaning specified in the second paragraph of
this Indenture.

          "Securities Act" means the Securities Act of 1933, as amended.

          "Securities Custodian" means the custodian with respect to a
Global Security (as appointed by the Depositary) or any successor thereto,
who shall initially be the Trustee.

          "Series" or "Series of Securities" means each series of
debentures, notes or other debt instruments of the Issuers created pursuant
to Sections 2.01 and 2.02 hereof.

                                     5

<PAGE>

          "Stated Maturity," when used with respect to any Security, means
the date specified in such Security as the fixed date on which an amount
equal to the principal amount of such Security is due and payable.

          "Subsidiary" of any Person means any corporation, association,
partnership or other business entity of which more than 50% of the total
voting power of shares of Capital Stock or other interests (including
partnership interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by (i)
such Person, (ii) such Person and one or more Subsidiaries of such Person
or (iii) one or more Subsidiaries of such Person.

          "Trust Indenture Act" means the Trust Indenture Act of 1939 (15
U.S. Code ss.ss.77aaa-77bbbb) and the rules and regulations thereunder as
in effect on the Closing Date.

          "Trustee" means the party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor.

          "Trust Officer" means any Vice President, Assistant Vice
President, Assistant Treasurer or any other officer or assistant officer of
the Trustee assigned by the Trustee to administer its corporate trust
matters.

          "Uniform Commercial Code" means the New York Uniform Commercial
Code as in effect from time to time.

          "Wholly Owned Restricted Subsidiary" means a Restricted
Subsidiary, 100% of the outstanding Capital Stock of which (other than
Capital Stock constituting directors' qualifying shares or interests held
by directors or shares or interests required to be held by foreign
nationals, in each case to the extent mandated by applicable law) is
directly or indirectly owned by an Issuer or by one or more Wholly Owned
Restricted Subsidiaries.

          SECTION 1.02. Other Definitions.

Term                                                        Defined in Section

"Bankruptcy Law"                                                   6.01
"Covenant Defeasance"                                              8.02
"Custodian"                                                        6.01
"Event of Default"                                                 6.01
"Legal Defeasance"                                                 8.03
"Legal Holiday"                                                   10.08
"Notice of Default"                                                6.01
"Paying Agent"                                                     2.04
"Registrar"                                                        2.04
"Sale and Leaseback
  Transaction"                                                     4.05
"Successor Company"                                                5.01(i)

                                     6

<PAGE>

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act.
This Indenture is subject to the mandatory provisions of the Trust
Indenture Act, which are incorporated by reference in and made a part of
this Indenture. The following Trust Indenture Act terms have the following
meanings:

          "Commission" means the SEC.

          "indenture securities" means the Securities.

          "indenture security holder" means a Holder or Holder.

          "indenture to be qualified" means this Indenture.

          "indenture trustee" or "institutional trustee" means the Trustee.

          "obligor" on the indenture securities means the Issuers and any
other obligor on the indenture securities.

          All other terms used in this Indenture that are defined by the
Trust Indenture Act, defined by Trust Indenture Act reference to another
statute or defined by SEC rule have the meanings assigned to them by such
definitions.

          SECTION 1.04. Rules of Construction. Unless the context otherwise
requires:

          (1) a term has the meaning assigned to it;

          (2) an accounting term not otherwise defined has the meaning
assigned to it in accordance with GAAP;

          (3) "or" is not exclusive;

          (4) "including" means including without limitation;

          (5) words in the singular include the plural and words in the
plural include the singular; and

          (6) the principal amount of any non-interest bearing or other
discount security at any date shall be the principal amount thereof that
would be shown on a balance sheet of the issuer dated such date prepared in
accordance with GAAP.

                                 ARTICLE 2

                               THE SECURITIES

          SECTION 2.01. Issuable in Series. The aggregate principal amount
of Securities that may be authenticated and delivered under this Indenture
is unlimited. The Securities may be issued in one or more Series. All
Securities of a Series shall be identical except as may be set forth in a
Board Resolution, a supplemental indenture or an Officers' Certificate
detailing the adoption of the terms thereof pursuant to the authority

                                     7

<PAGE>

granted under a Board Resolution. In the case of Securities of a Series to
be issued from time to time, the Board Resolution, Officers' Certificate or
supplemental indenture may provide for the method by which specified terms
(such as interest rate, maturity date, record date or date from which
interest shall accrue) are to be determined. Securities may differ between
Series in respect of any matters.

          SECTION 2.02. Establishment of Terms of Series of Securities. At
or prior to the issuance of any Securities within a Series, the following
shall be established (as to the Series generally, in the case of Section
2.02(a) and either as to such Securities within the Series or as to the
Series generally in the case of Sections 2.02(b) through 2.02(x)) by a
Board Resolution, a supplemental indenture or an Officers' Certificate
pursuant to authority granted under a Board Resolution:

          (a) the title of the Securities of the Series (which shall
distinguish the Securities of that particular Series from the Securities of
any other Series);

          (b) any limit upon the aggregate principal amount of the
Securities of the Series which may be authenticated and delivered under
this Indenture (except for Securities authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other
Securities of the Series);

          (c) the date or dates on which the principal and premium of the
Securities of the Series are payable;

          (d) the rate or rates (which may be fixed or variable) at which
the Securities of the Series shall bear interest, if any, or the method of
determining such rate or rates, the date or dates from which such interest,
if any, shall accrue, the Interest Payment Dates on which such interest, if
any, shall be payable or the method by which such dates will be determined,
the record dates, for the determination of holders thereof to whom such
interest is payable (in the case of Securities in registered form), and the
basis upon which such interest will be calculated if other than that of a
360-day year of twelve 30-day months;

          (e) the currency or currencies in which Securities of the Series
shall be denominated, if other than Dollars, the place or places, if any,
in addition to or instead of the corporate trust office of the Trustee (in
the case of Securities in registered form) or the principal New York office
of the Trustee (in the case of Securities in bearer form), where the
principal, premium and interest with respect to Securities of such Series
shall be payable or the method of such payment, if by wire transfer, mail
or other means;

          (f) the price or prices at which, the period or periods within
which, and the terms and conditions upon which, Securities of the Series
may be redeemed, in whole or in part at the option of the Issuers or
otherwise;

          (g) whether Securities of the Series are to be issued in
registered form or bearer form or both and, if Securities are to be issued
in bearer form, whether coupons will be attached to them, whether
Securities of the Series in bearer form may be

                                     8

<PAGE>

exchanged for Securities of the Series issued in registered form, and the
circumstances under which and the places at which any such exchanges, if
permitted, may be made;

          (h) if any Securities of the Series are to be issued in bearer
form or as one or more Global Securities representing individual Securities
of the Series in bearer form, whether certain provisions for the payment of
additional interest or tax redemptions shall apply; whether interest with
respect to any portion of a temporary Security of the Series in bearer form
payable with respect to any Interest Payment Date prior to the exchange of
such temporary Security in bearer form for definitive Securities of the
Series in bearer form shall be paid to any clearing organization with
respect to the portion of such temporary Security in bearer form 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 clearing organization will be credited to the Persons entitled to
interest payable on such Interest Payment Date; and the terms upon which a
temporary Security in bearer form may be exchanged for one or more
definitive Securities of the Series in bearer form;

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

          (j) the terms, if any, upon which the Securities of the Series
may be convertible into or exchanged for any Issuer's common stock,
preferred stock, other debt securities or warrants for common stock,
preferred stock, Indebtedness or other securities of any kind and the terms
and conditions upon which such conversion or exchange shall be effected,
including the initial conversion or exchange price or rate, the conversion
or exchange period and any other additional provisions;

          (k) if other than denominations of $1,000 and any integral
multiple thereof, the denominations in which the Securities of the Series
shall be issuable;

          (l) if the amount of principal, premium or interest with respect
to the Securities of the Series may be determined with reference to an
index or pursuant to a formula, the manner in which such amounts will be
determined;

          (m) if the principal amount payable at the Stated Maturity of
Securities of the Series will not be determinable as of any one or more
dates prior to such Stated Maturity, the amount that will be deemed to be
such principal amount as of any such date for any purpose, including the
principal amount thereof which will be due and payable upon any Maturity
other than the Stated Maturity and which will be deemed to be outstanding
as of any such date (or, in any such case, the manner in which such deemed
principal amount is to be determined), and if necessary, the manner of
determining the equivalent thereof in Dollars;

          (n) any changes or additions to Article 8;

          (o) if other than the principal amount thereof, the portion of
the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to
Section 6.02;

                                     9

<PAGE>

          (p) the terms, if any, of the transfer, mortgage, pledge or
assignment as security for the Securities of the Series of any properties,
assets, moneys, proceeds, securities or other collateral, including whether
certain provisions of the Trust Indenture Act are applicable and any
corresponding changes to provisions of this Indenture as then in effect;

          (q) any addition to or change in the Events of Default which
applies to any Securities of the Series and any change in the right of the
Trustee or the requisite Holders of such Series of Securities to declare the
principal amount of, premium, if any, and interest on such Series of Securities
due and payable pursuant to Section 6.02;

          (r) if the Securities of the Series shall be issued in whole or
in part in the form of a Global Security, the terms and conditions, if any,
upon which such Global Security may be exchanged in whole or in part for
other individual Securities of such Series in definitive registered form, the
Depositary for such Global Security and the form of any legend or legends to
be borne by any such Global Security in addition to or in lieu of the Global
Securities Legend;

          (s) any Trustee, authenticating agent, Paying Agent, transfer
agent or Registrar;

          (t) the applicability of, and any addition to or change in, the
covenants (and the related definitions) set forth in Articles 4 or 5 which
applies to Securities of the Series;

          (u) the terms, if any, of any Guarantee of the payment of
principal, premium and interest with respect to Securities of the Series
and any corresponding changes to the provisions of this Indenture and as
then in effect;

          (v) the subordination, if any, of the Securities of the Series
pursuant to this Indenture;

          (w) with regard to Securities of the Series that do not bear
interest, the dates for certain required reports to the Trustee; and

          (x) any other terms of Securities of the Series (which terms
shall not be prohibited by the provisions of this Indenture).

          All Securities of any one Series need not be issued at the same
time and may be issued from time to time, consistent with the terms of this
Indenture, if so provided by or pursuant to the Board Resolution,
supplemental indenture or Officers' Certificate referred to above, and the
authorized principal amount of any Series may not be increased to provide
for issuances of additional Securities of such Series, unless otherwise
provided in such Board Resolution, supplemental indenture or Officers'
Certificate.

          SECTION 2.03. Execution and Authentication. One or more Officers
of the Issuers shall sign the Securities on behalf of the Issuers by manual
or facsimile

                                     10

<PAGE>

signature. The Issuers' seal, if any, shall be impressed, affixed,
imprinted or reproduced on the Securities and may be in facsimile form.

          If an Officer whose signature is on a Security no longer holds
that office at the time the Security is authenticated, the Security shall
nevertheless be valid.

          A Security shall not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. The signature shall be
conclusive evidence that the Security has been authenticated under this
Indenture. A Security shall be dated the date of its authentication, unless
otherwise provided by a Board Resolution, a supplemental indenture or an
Officers' Certificate.

          The Trustee shall at any time, and from time to time,
authenticate Securities for original issue in the principal amount provided
in the Board Resolution, supplemental indenture hereto or Officers'
Certificate, upon receipt by the Trustee of an Issuer Order. Such Issuer
Order may authorize authentication and delivery pursuant to oral or
electronic instructions from the Issuers or their duly authorized agent or
agents, which oral instructions shall be promptly confirmed in writing.

          The aggregate principal amount of Securities of any Series
outstanding at any time may not exceed any limit upon the maximum principal
amount for such Series set forth in the Board Resolution, supplemental
indenture hereto or Officers' Certificate delivered pursuant to Section
2.02, except as provided in Section 2.08.

          The Trustee may appoint an authenticating agent reasonably
acceptable to the Issuers to authenticate the Securities. Any such
appointment shall be evidenced by an instrument signed by a Trust Officer,
a copy of which shall be furnished to the Issuers. Unless limited by the
terms of such appointment, an authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture
to authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as any Registrar, Paying Agent or
agent for service of notices and demands.

          SECTION 2.04. Registrar and Paying Agent. The Issuers shall
maintain, with respect to each Series of Securities, at the place or places
specified with respect to such Series pursuant to Section 2.02, an office
or agency where Securities of such Series may be presented for registration
of transfer or for exchange (the "Registrar") and an office or agency where
Securities of such Series may be presented for payment (the "Paying
Agent"). The Registrar shall keep a register with respect to each Series of
Securities and of their transfer and exchange. The Issuers may have one or
more co- registrars and one or more additional paying agents. The term
"Paying Agent" includes any additional paying agent and the term
"Registrar" includes any co-registrars. The Issuers hereby appoint the
Trustee as Registrar and Paying Agent for each Series of Securities unless
another Registrar or Paying Agent, as the case may be, is appointed prior
to the time Securities of that Series are first issued.

          The Issuers shall enter into an appropriate agency agreement with
any Registrar or Paying Agent not a party to this Indenture, which shall
incorporate the terms of the Trust Indenture Act. The agreement shall
implement the provisions of this Indenture that relate to such agent. The
Issuers shall notify the Trustee of the name and address of any such agent.
If the Issuers fail to maintain a Registrar or Paying Agent, the

                                     11

<PAGE>

Trustee shall act as such and shall be entitled to appropriate compensation
therefor pursuant to Section 7.07. The Issuers or any of their domestically
organized Wholly Owned Restricted Subsidiaries may act as Paying Agent or
Registrar.

          The Issuers may remove any Registrar or Paying Agent upon written
notice to such Registrar or Paying Agent and to the Trustee; provided,
however, that no such removal shall become effective until (1) acceptance
of any appointment by a successor as evidenced by an appropriate agreement
entered into by the Issuers and such successor Registrar or Paying Agent,
as the case may be, and delivered to the Trustee or (2) notification to the
Trustee that the Trustee shall serve as Registrar or Paying Agent until the
appointment of a successor in accordance with clause (1) above. The
Registrar or Paying Agent may resign at any time upon written notice;
provided, however, that the Trustee may resign as Registrar or Paying Agent
only if the Trustee also resigns as Trustee in accordance with Section
7.08.

          SECTION 2.05. Paying Agent to Hold Money in Trust. The Issuers
shall require each Paying Agent other than the Trustee to agree in writing
that the Paying Agent will hold in trust, for the benefit of Holders of any
Series of Securities, or the Trustee, all money held by the Paying Agent
for the payment of principal of or interest on the Series of Securities,
and will notify the Trustee of any default by the Issuers in making any
such payment. While any such default continues, the Trustee may require a
Paying Agent to pay all money held by it to the Trustee. The Issuers at any
time may require a Paying Agent to pay all money held by it to the Trustee.
Upon payment over to the Trustee, the Paying Agent (if other than one of
the Issuers or any of their Subsidiaries) shall have no further liability
for the money. If one of the Issuers or any of their Subsidiaries acts as
Paying Agent, it shall segregate and hold in a separate trust fund for the
benefit of Holders of any Series of Securities all money held by it as
Paying Agent.

          SECTION 2.06. Holder Lists. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available
to it of the names and addresses of Holders of each Series of Securities
and shall otherwise comply with Trust Indenture Act Section 312(a). If the
Trustee is not the Registrar, the Issuers shall furnish to the Trustee at
least ten days before each interest payment date and at such other times as
the Trustee may request in writing a list, in such form and as of such date
as the Trustee may reasonably require, of the names and addresses of
Holders of each Series of Securities.

          SECTION 2.07. Transfer and Exchange. Where Securities of a Series
are presented to the Registrar or a co-registrar with a request to register
a transfer or to exchange them for an equal principal amount of Securities
of the same Series, the Registrar shall register the transfer or make the
exchange if its requirements for such transactions are met. To permit
registrations of transfers and exchanges, the Trustee shall authenticate
Securities at the Registrar's request. No service charge shall be made for
any registration of transfer or exchange (except as otherwise expressly
permitted herein), but the Issuers may require payment of a sum sufficient
to cover any transfer tax or similar governmental charge payable in
connection therewith (other than any such transfer tax or similar
governmental charge payable upon exchanges pursuant to Sections 2.11, 3.06
or 9.05).

          Neither the Issuers nor the Registrar shall be required (a) to
issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the

                                     12

<PAGE>

opening of business fifteen days immediately preceding the mailing of a
notice of redemption of Securities of that Series selected for redemption
and ending at the close of business on the day of such mailing, or (b) to
register the transfer of or exchange Securities of any Series selected,
called or being called for redemption as a whole or the portion being
redeemed of any such Securities selected, called or being called for
redemption in part.

          SECTION 2.08. Mutilated, Destroyed, Lost and Stolen Securities.
If any mutilated Security is surrendered to the Trustee, the Issuers shall
execute and the Trustee shall authenticate and deliver in exchange therefor
a new Security of the same Series and of like tenor and principal amount
and bearing a number not contemporaneously outstanding.

          If there shall be delivered to the Issuers and the Trustee (i)
evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity as may be required by them to
save each of them and any agent of either of them harmless, then, in the
absence of notice to the Issuers or the Trustee that such Security has been
acquired by a bona fide purchaser, the Issuers shall execute and upon their
request the Trustee shall authenticate and make available for delivery, in
lieu of any such destroyed, lost or stolen Security, a new Security of the
same Series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding.

          In case any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, the Issuers in their
discretion may, instead of issuing a new Security, pay such Security.

          Upon the issuance of any new Security under this Section, the
Issuers 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) connected
therewith.

          Every new Security of any Series issued pursuant to this Section
in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Issuers, whether or not
the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally
and proportionately with any and all other Securities of that Series 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 Securities.

          SECTION 2.09. Outstanding Securities. The Securities outstanding
at any time are all the Securities authenticated by the Trustee except for
those canceled by it, those delivered to it for cancellation, those
reductions in the interest on a Global Security effected by the Trustee in
accordance with the provisions hereof and those described in this Section
as not outstanding.

          If a Security is replaced pursuant to Section 2.08, it ceases to
be outstanding until the Trustee receives proof satisfactory to it that the
replaced Security is held by a bona fide purchaser.

                                     13

<PAGE>

          If the Paying Agent holds at the Maturity of Securities of a
Series money sufficient to pay such Securities payable on that date, then
on and after that date such Securities of the Series cease to be
outstanding and interest on them ceases to accrue.

          A Security does not cease to be outstanding because the Issuers
or an Affiliate of the Issuers holds the Security.

          In determining whether the Holders of the requisite principal amount
of outstanding Securities of any Series have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, the principal
amount of an Original Issue Discount Security that shall be deemed to be
outstanding for such purposes shall be the amount of the principal thereof
that would be due and payable as of the date of such determination upon a
declaration of acceleration of the Maturity thereof pursuant to Section 6.02.

          SECTION 2.10. Treasury Securities. In determining whether the
Holders of the required principal amount of Securities of a Series have
concurred in any request, demand, authorization, direction, notice, consent
or waiver Securities of a Series owned by the Issuers or an Affiliate of
the Issuers shall be disregarded, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such
request, demand, authorization, direction, notice, consent or waiver only
Securities of a Series that the Trustee knows are so owned shall be so
disregarded.

          SECTION 2.11. Temporary Securities. Until Definitive Securities
are ready for delivery, the Issuers may prepare and the Trustee shall
authenticate temporary Securities upon an Issuer Order. Temporary
Securities shall be substantially in the form of Definitive Securities but
may have variations that the Issuers consider appropriate for temporary
Securities. Without unreasonable delay, the Issuers shall prepare and the
Trustee upon request shall authenticate Definitive Securities of the same
Series and date of maturity in exchange for temporary Securities. Until so
exchanged, temporary securities shall have the same rights under this
Indenture as the Definitive Securities.

          SECTION 2.12. Cancellation. The Issuers at any time may deliver
Securities to the Trustee for cancellation. The Registrar and the Paying
Agent shall forward to the Trustee any Securities surrendered to them for
registration of transfer, exchange or payment. The Trustee shall cancel all
Securities surrendered for transfer, exchange, payment, replacement or
cancellation and shall destroy such canceled Securities (subject to the
record retention requirement of the Exchange Act) and deliver a certificate
of such destruction to the Issuers, unless the Issuers otherwise direct.
The Issuers may not issue new Securities to replace Securities that they
have paid or delivered to the Trustee for cancellation.

          SECTION 2.13. Defaulted Interest. If the Issuers default in a
payment of interest on a Series of Securities, they shall pay the defaulted
interest, plus, to the extent permitted by law, any interest payable on the
defaulted interest, to the persons who are Holders of the Series on a
subsequent special record date. The Issuers shall fix the record date and
payment date. At least 30 days before the record date, the Issuers shall
mail to the Trustee and to each Holder of the Series a notice that states
the record date, the payment date and the amount of interest to be paid.
The Issuers may pay defaulted interest in any other lawful manner.

                                     14

<PAGE>

          SECTION 2.14. Global Securities.

          (a) Terms of Securities. A Board Resolution, a supplemental
indenture hereto or an Officers' Certificate shall establish whether the
Securities of a Series shall be issued in whole or in part in the form of
one or more Global Securities and the Depository for such Global Security
or Securities.

          (b) Transfer and Exchange. Notwithstanding any provisions to the
contrary contained in Section 2.07 of this Indenture and in addition
thereto, any Global Security shall be exchangeable pursuant to Section 2.07
of this Indenture for Securities registered in the names of Holders other
than the Depository for such Security or its nominee only if (i) such
Depository notifies the Issuers that it is unwilling or unable to continue
as Depository for such Global Security or if at any time such Depository
ceases to be a clearing agency registered under the Exchange Act, and, in
either case, the Issuers fail to appoint a successor Depository within 90
days of such event, (ii) the Issuers execute and deliver to the Trustee an
Officers' Certificate to the effect that such Global Security shall be so
exchangeable or (iii) an Event of Default with respect to the Securities
represented by such Global Security shall have happened and be continuing.
Any Global Security that is exchangeable pursuant to the preceding sentence
shall be exchangeable for Securities registered in such names as the
Depository shall direct in writing in an aggregate principal amount equal
to the principal amount of the Global Security with like tenor and terms.

          Except as provided in this Section 2.14(b) a Global Security may
not be transferred except as a whole by the Depository with respect to such
Global Security to a nominee of such Depository, by a nominee of such
Depository to such Depository or another nominee of such Depository or by
the Depository or any such nominee to a successor Depository or a nominee
of such a successor Depository.

          (c) Legend. Any Global Security issued hereunder shall bear a
legend in substantially the following form:

          "THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN
THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY
PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE
INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN
PART PURSUANT TO SECTION 2.07 OF THE INDENTURE, (III) THIS GLOBAL SECURITY
MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12
OF THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS (AS
DEFINED IN THE INDENTURE GOVERNING THIS SECURITY)."

          (d) Acts of Holders. The Depository, as a Holder, may appoint
agents and otherwise authorize participants to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action
which a Holder is entitled to give or take under this Indenture.

                                     15

<PAGE>

          (e) Payments. Notwithstanding the other provisions of this
Indenture, unless otherwise specified as contemplated by Section 2.02,
payment of the principal of and interest, if any, on any Global Security
shall be made to the Holder thereof.

          (f) Consents, Declaration and Directions. Except as provided in
Section 2.14(e), the Issuers, the Trustee and any Agent shall treat a
person as the Holder of such principal amount of outstanding Securities of
such Series represented by a Global Security as shall be specified in a
written statement of the Depositary with respect to such Global Security,
for purposes of obtaining any consents, declarations, waivers or directions
required to be given by the Holders pursuant to this Indenture.

          SECTION 2.15. CUSIP Numbers. The Issuers in issuing the
Securities may use "CUSIP" numbers (if then generally in use), and, if so,
the Trustee shall use "CUSIP" numbers in notices of redemption as a
convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as
printed on the Securities or as contained in any notice of a redemption and
that reliance may be placed only on the other elements of identification
printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers.

                                 ARTICLE 3

                                 REDEMPTION

          SECTION 3.01. Notices to Trustee. The Issuers, with respect to any
Series of Securities, may elect to redeem and pay the Series of Securities or
may covenant to redeem and pay the Series of Securities or any part thereof
prior to the Stated Maturity thereof at such time and on such terms provided
for in such Series of Securities. If a Series of Securities is redeemable and
the Issuers want or are obligated to redeem prior to the Stated Maturity
thereof all or part of the Series of Securities pursuant to the terms of such
Securities, they shall notify the Trustee in writing of the redemption date
and the principal amount of Securities of the Series to be redeemed and the
redemption price. The Issuers shall give such notice to the Trustee at least
45 days before the redemption date unless the Trustee consents to a shorter
period.

          SECTION 3.02. Selection of Securities To Be Redeemed. Unless
otherwise provided for a particular Series of Securities by a Board
Resolution, a supplemental indenture or an Officers' Certificate, if fewer
than all the Securities of a particular Series are to be redeemed or
purchased, the Trustee shall select the Securities to be redeemed or purchased
pro rata or by lot or by a method that complies with applicable legal and
securities exchange requirements, if any, and that the Trustee in its sole
discretion shall deem to be fair and appropriate and in accordance with
methods generally used at the time of selection by fiduciaries in similar
circumstances. The Trustee shall make the selection at least 30 days but no
more than 60 days before the redemption date from outstanding Securities of a
Series not previously called for redemption. Securities and portions thereof
that the Trustee selects shall be in principal amounts of $1,000 or integral
multiples of $1,000. Provisions of this Indenture that apply to Securities
called for redemption also apply to portions of Securities called for
redemption. The Trustee shall promptly notify the Issuers of the Securities
(or portions thereof) to be redeemed.

                                     16

<PAGE>

          SECTION 3.03. Notice of Redemption. Unless otherwise provided for
a particular Series of Securities by a Board Resolution, a supplemental
indenture or an Officers' Certificate, at least 30 days but not more than
60 days before a date for redemption of Securities, the Issuers shall mail
a notice of redemption by first-class mail to each Holder of Securities to
be redeemed at such Holder's registered address.

          The notice shall identify the Securities to be redeemed and shall
state:

          (1) the redemption date;

          (2) the redemption price;

          (3) if any Security is being redeemed in part, the portion of the
     principal amount of such Security to be redeemed and that, after the
     redemption date upon surrender of such Security, a new Security or
     Securities in principal amount equal to the unredeemed portion shall
     be issued upon cancellation of the original Security;

          (4) the name and address of the Paying Agent;

          (5) that Securities called for redemption must be surrendered to
     the Paying Agent to collect the redemption price;

          (6) that, unless the Issuers default in making such redemption
     payment or the Paying Agent is prohibited from making such payment
     pursuant to the terms of this Indenture, interest on Securities (or
     portion thereof) called for redemption ceases to accrue on and after
     the redemption date;

          (7) the paragraph of the Securities and/or provision of this
     Indenture pursuant to which the Securities called for redemption are
     being redeemed;

          (8) the CUSIP or ISIN number, if any, printed on the Securities
     being redeemed; and

          (9) that no representation is made as to the correctness or
     accuracy of the CUSIP or ISIN number, if any, listed in such notice or
     printed on the Securities.

          At the Issuers' request, the Trustee shall give the notice of
redemption as provided to it in the Issuers' name and at the Issuers'
expense. In such event, the Issuers shall provide the Trustee with the
information required by this Section.

          SECTION 3.04. Effect of Notice of Redemption. Once notice of
redemption is mailed, Securities called for redemption become due and
payable on the redemption date and at the redemption price stated in the
notice. Upon surrender to the Paying Agent, such Securities shall be paid
at the redemption price stated in the notice.

          Failure to give notice or any defect in the notice to any Holder
shall not affect the validity of the notice to any other Holder.

          SECTION 3.05. Deposit of Redemption Price. Prior to 11:00 a.m.
(New York City time) on the redemption date, the Issuers shall deposit with
the Paying Agent

                                     17

<PAGE>

(or, if any Issuer or a Subsidiary of any of the Issuers is the Paying
Agent, shall segregate and hold in trust) money sufficient to pay the
redemption price of, and accrued interest on, all Securities to be redeemed
on that date, other than Securities or portions of Securities called for
redemption that have been delivered by the Issuers to the Trustee for
cancellation. The Paying Agent shall as promptly as practicable return to
the Issuers any money deposited with it by the Issuers in excess of the
amounts necessary to pay the redemption price of, and accrued interest on,
all Securities to be redeemed. If such money is then held by the Issuers in
trust and is not required for such purpose it shall be discharged from such
trust. The Issuers at any time may require a Paying Agent to pay all money
held by it to the Trustee and to account for any funds disbursed by the
Paying Agent. Upon complying with this Section, the Paying Agent shall have
no further liability for the money delivered to the Trustee.

          SECTION 3.06. Securities Redeemed in Part. Upon surrender of a
Security that is redeemed in part, the Issuers shall execute and the
Trustee shall authenticate for the Holder (at the Issuers' expense) a new
Security equal in principal amount to the unredeemed portion of the
Security surrendered.

                                 ARTICLE 4

                                 COVENANTS

          SECTION 4.01. Payment of Securities. The Issuers shall promptly
make all payments in respect of each Series of Securities on the dates and
in the manner provided in such Series of Securities and in this Indenture.
Such payments shall be considered made on the date due if on such date the
Trustee or the Paying Agent holds, in accordance with this Indenture, money
sufficient to make all payments with respect to such Securities then due
and the Trustee or the Paying Agent, as the case may be, is not prohibited
from paying such money to the Holders on that date pursuant to the terms of
this Indenture.

          SECTION 4.02. SEC Reports. Unless otherwise provided for a
particular Series of Securities in a Board Resolution, a supplemental
indenture or an Officers' Certificate, notwithstanding that the Company may
not be subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act, the Company shall file with the SEC, and provide the Trustee
and Holders within 15 days after it files them with the SEC, copies of its
annual report and the information, documents and other reports that are
specified in Sections 13 and 15(d) of the Exchange Act. Delivery of such
reports, information and documents to the Trustee is for informational
purposes only and the Trustee's receipt of such shall not constitute
constructive notice of any information contained therein or determinable
from information contained therein, including the Issuers' compliance with
any of their covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers' Certificates). The Issuers also shall comply
with the other provisions of Trust Indenture Act Section 314(a).

          SECTION 4.03. Corporate Existence. Each Issuer shall do or cause
to be done all things necessary to preserve and keep in full force and
effect its corporate existence, material rights (charter and statutory) and
material franchises (other than as contemplated by Section 5.01); provided,
however, that such Issuer shall not be required to preserve any such right
or franchise if the Board of Directors shall determine that the

                                     18

<PAGE>

preservation of such rights or franchises is no longer desirable in the
conduct of the business of the Issuers and the Restricted Subsidiaries
considered as a whole.

          SECTION 4.04. Restrictions on Liens. Unless otherwise provided
for a particular Series of Securities in a Board Resolution, a supplemental
indenture or an Officers' Certificate, except as provided in Section 4.06,
the Issuers shall not, and shall not permit any Restricted Subsidiary to,
create or suffer to exist any Lien to secure any Indebtedness of any Issuer
or Restricted Subsidiary on any Principal Property of any Issuer or
Restricted Subsidiary, without making, or causing such Restricted
Subsidiary to make, effective provision to secure all of the Securities of
all Series offered hereunder and then outstanding by such Lien, equally and
ratably with any and all other such Indebtedness thereby secured, so long
as such other Indebtedness is so secured, except that the foregoing
restrictions shall not apply to:

          (a) Liens on property of a Person existing at the time such
     Person is merged into or consolidated with any Issuer or Restricted
     Subsidiary or at the time of sale, lease or other disposition of the
     properties of such Person (or a division thereof) as an entirety or
     substantially as an entirety to any Issuer or Restricted Subsidiary;

          (b) Liens on property of a Person existing at the time such
     Person becomes a Restricted Subsidiary or existing on property prior
     to the acquisition thereof by any Issuer or Restricted Subsidiary;

          (c) Liens securing Indebtedness between a Restricted Subsidiary
     and an Issuer or between Restricted Subsidiaries or Issuers;

          (d) Liens on any property created, assumed or otherwise brought
     into existence in contemplation of the sale or other disposition of
     the underlying property, whether directly or indirectly, by way of
     share disposition or otherwise, provided that the applicable Issuer or
     Restricted Subsidiary must dispose of such property within 180 days
     after the creation of such Liens and that any Indebtedness secured by
     such Liens shall be without recourse to any Issuer or Restricted
     Subsidiary;

          (e) Liens in favor of the United States of America or any state
     thereof, or any department, agency or instrumentality or political
     subdivision of the United States of America or any state thereof, or
     in favor of any country, or any political subdivision thereof, to
     secure partial, progress, advance or other payments, or performance of
     any other similar obligations, including, without limitation, Liens to
     secure pollution control bonds or industrial revenue or other similar
     types of bonds;

          (f) Liens imposed by law, such as carriers', warehousemen's and
     mechanics' Liens and other similar Liens arising in the ordinary
     course of business which secure obligations not more than 60 days past
     due or which are being contested in good faith and by appropriate
     proceedings;

          (g) Liens incurred in the ordinary course of business to secure
     performance of obligations with respect to statutory or regulatory
     requirements, performance or return-of-money bonds, surety bonds or
     other obligations of a like

                                     19

<PAGE>

     nature, in each case which are not incurred in connection with the
     borrowing of money, the obtaining of advances or credit or the payment
     of the deferred purchase price of property and which do not in the
     aggregate impair in any material respect the use of property in the
     operation of the business of the Issuers and their respective
     Subsidiaries taken as a whole;

          (h) Liens incurred to secure appeal bonds and judgment and
     attachment Liens, in each case in connection with litigation or legal
     proceedings which are being contested in good faith by appropriate
     proceedings so long as reserves have been established to the extent
     required by GAAP;

          (i) pledges or deposits under workmen's compensation laws,
     unemployment insurance laws or similar legislation, or good faith
     deposits in connection with bids, tenders, contracts (other than for
     the payment of Indebtedness) or leases to which any Issuer or
     Restricted Subsidiary is a party, or deposits to secure public or
     statutory obligations of an Issuer or Restricted Subsidiary or
     deposits for the payment of rent, in each case incurred in the
     ordinary course of business;

          (j) utility easements, building restrictions and such other
     encumbrances or charges against real property as are of a nature
     generally existing with respect to properties of a similar character;

          (k) Liens granted to any bank or other institution on the
     payments to be made to such institution by an Issuer or Subsidiary
     thereof, pursuant to any interest rate swap or similar agreement or
     foreign currency hedge, exchange or similar agreement designed to
     provide protection against fluctuations in interest rates and currency
     exchange rates, respectively, provided that such agreements are
     entered into in, or are incidental to, the ordinary course of
     business;

          (l) Liens arising solely by virtue of any statutory or common law
     provision relating to banker's liens, rights of setoff or similar
     rights and remedies, in each case as to any deposit account or any
     other fund maintained with a creditor depository institution, provided
     that (1) such deposit account is not a dedicated cash collateral
     account and is not subject to restrictions against access by the
     applicable Issuer or Restricted Subsidiary in excess of those set
     forth by regulations promulgated by the Federal Reserve Board, and (2)
     such deposit account is not intended by such Issuer or Restricted
     Subsidiary to provide collateral to the depository institution;

          (m) Liens arising from Uniform Commercial Code financing
     statements regarding leases;

          (n) the giving, simultaneously with or within 180 days after the
     latest of the Closing Date, or the acquisition, construction,
     improvement, development or expansion of such property, of a purchase
     money Lien on property acquired, constructed, improved, developed or
     expanded after the Closing Date, or the acquisition, construction,
     improvement, development or expansion after the Closing Date, of
     property subject to any Lien which is limited to such property;

                                     20

<PAGE>

          (o) the giving of a Lien on real property which is the sole
     security for Indebtedness incurred within two years after the latest
     of the Closing Date, or the acquisition, construction, improvement,
     development or expansion of such property, provided that the holder of
     such Indebtedness is entitled to enforce its payment only by resorting
     to such security;

          (p) Liens arising by the terms of letters of credit entered into
     in the ordinary course of business to secure reimbursement obligations
     thereunder;

          (q) Liens existing on the Closing Date;

          (r) Liens for taxes, assessments and other governmental charges
     or levies not yet due or as to which the period of grace, if any
     related thereto has not expired or which are being contested in good
     faith and by appropriate proceedings if adequate reserves are
     maintained to the extent required by GAAP; and

          (s) extension, renewal, replacement or refunding of any Lien
     existing on the Closing Date or referred to in clauses (a) to (k) and
     (n) to (o) and (q), provided that the principal amount of Indebtedness
     secured thereby and not otherwise authorized by clauses (a) to (k) and
     (n) to (o) and (q) shall not exceed the principal amount of
     Indebtedness, plus any premium or fee payable in connection with any
     such extension, renewal, replacement or refunding, so secured at the
     time of such extension, renewal, replacement or refunding.

          SECTION 4.05. Restrictions on Sale and Leaseback Transactions.
Unless otherwise provided for a particular Series of Securities in a Board
Resolution, a supplemental indenture or an Officers' Certificate, except as
provided in Section 4.06, none of the Issuers shall, and none of the
Issuers shall permit any Restricted Subsidiary to, after the date hereof,
enter into any arrangement with any Person providing for the leasing by any
such Issuer or Restricted Subsidiary of any Principal Property now owned or
hereafter acquired which has been or is to be sold or transferred by such
Issuer or Restricted Subsidiary to such Person with the intention of taking
back a lease of such Principal Property (a "Sale and Leaseback
Transaction"), unless the net proceeds of such sale or transfer have been
determined by the Board of Directors to be at least equal to the fair
market value of such Principal Property or asset at the time of such sale
and transfer and either (i) such Issuer or Restricted Subsidiary applies or
causes to be applied an amount equal to the net proceeds of such sale or
transfer, within 180 days of receipt thereof, to the retirement or
prepayment (other than any mandatory retirement or prepayment, except
mandatory retirements or prepayments required as a result of such Sale and
Leaseback Transaction) of Funded Debt of any Issuer or any Restricted
Subsidiary ranking senior to or pari passu with the Securities or to the
purchase, construction or development of property or assets to be used in
the ordinary course of business, or (ii) such Issuer or Restricted
Subsidiary would, on the effective date of such sale or transfer, be
entitled, pursuant to this Indenture, to issue, assume or guarantee
Indebtedness secured by a Lien upon such Principal Property, at least equal
in amount to the Attributable Debt in respect of such Sale and Leaseback
Transaction without equally and ratably securing the Securities. The
foregoing restriction shall not apply to any Sale and Leaseback Transaction
(i) between any Issuer and Restricted Subsidiary or between Restricted
Subsidiaries or Issuers, provided that the lessor shall be an Issuer or a
Wholly Owned Restricted Subsidiary, (ii) which has a lease of less than
three years in length,

                                     21

<PAGE>

(iii) entered into within 180 days after the later of the purchase,
construction of development of such Principal Property or assets, or the
commencement of operation of such Principal Property or (iv) involving the
distribution warehouse of Jones Apparel Group, Inc. at South Hill,
Virginia.

          SECTION 4.06. Exempted Debt. Unless otherwise provided for a
particular Series of Securities in a Board Resolution, a supplemental
indenture or an Officers' Certificate, notwithstanding Sections 4.04 and
4.05, any Issuer or Restricted Subsidiary may, in addition to amounts
permitted under such restrictions, create Indebtedness secured by Liens, or
enter into Sale and Leaseback Transactions, provided that, at the time of
such transactions and after giving effect thereto, the aggregate
outstanding amount of all such Indebtedness secured by Liens plus
Attributable Debt resulting from such Sale and Leaseback Transactions does
not exceed 20% of Consolidated Shareholders' Equity.

          SECTION 4.07. Waiver of Certain Covenants. Unless otherwise
provided for a particular Series of Securities in a Board Resolution, a
supplemental indenture or an Officers' Certificate, each of the Issuers may
in any particular instance, be excused from failing to comply with any
term, provision or condition set forth in Section 4.02 or Sections 4.04 to
4.06, with respect to any Series of Securities if before the time for such
compliance the Holders of at least a majority in principal amount of the
outstanding Securities of such Series shall, by act of such Holders, either
waive such compliance in such instance or generally waive compliance with
such term, provision or condition but no such waiver shall extend to or
affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of
the Issuers, and the duties of the Trustee in respect of any such term,
provision or condition shall remain in full force and effect.

          The Issuers may, but shall not be obligated to, fix a record date
for the purpose of determining the Persons entitled to waive compliance with
any covenant or condition hereunder. If a record date is fixed, the Holders on
such record date, or their duly designated proxies, and only such Persons,
shall be entitled to waive any such compliance, whether or not such Holders
remain Holders after such record date; provided that unless the Holders of at
least a majority in principal amount of the outstanding Securities of the
Series of Securities affected shall have waived such compliance prior to the
date which is 90 days after such record date, any such waiver previously given
shall automatically and without further action by any Holder be canceled and
of no further effect.

          SECTION 4.08. Compliance Certificate. The Issuers shall deliver
to the Trustee within 120 days after the end of each fiscal year of the
Issuers an Officers' Certificate stating that in the course of the
performance by the signers of their duties as Officers of the Issuers they
would normally have knowledge of any Default and whether or not the signers
know of any Default that occurred during such period. If they do, the
certificate shall describe the Default, its status and what action the
Issuers are taking or propose to take with respect thereto. The Issuers
also shall comply with Trust Indenture Act Section 314(a)(4).

          SECTION 4.09. Further Instruments and Acts. Each of the Issuers
shall execute and deliver to the Trustee such further instruments and do
such further acts as

                                     22

<PAGE>

may be reasonably necessary or proper to carry out more effectively the
purpose of this Indenture.

                                 ARTICLE 5

                            SUCCESSOR COMPANIES

          SECTION 5.01. Merger and Consolidation. Unless otherwise provided
for a particular Series of Securities in a Board Resolution, a supplemental
indenture or an Officers' Certificate, none of the Issuers shall
consolidate with or merge with or into, or convey, transfer or lease all or
substantially all its assets to, any Person (other than a merger of a
Wholly Owned Restricted Subsidiary into an Issuer or another Wholly Owned
Restricted Subsidiary or a merger of one Issuer into another), unless:

          (i) the resulting, surviving or transferee Person (the "Successor
     Company") shall be a corporation organized and existing under the laws
     of the United States of America, any State thereof or the District of
     Columbia, and the Successor Company (if not such Issuer) shall
     expressly assume, by a supplemental indenture, executed and delivered
     to the Trustee, in form satisfactory to the Trustee, all the
     obligations of such Issuer under the Securities and this Indenture;

          (ii) immediately after giving effect to such transaction (and
     treating any Indebtedness which becomes an obligation of the Successor
     Company, any other Issuer or any Restricted Subsidiary as a result of
     such transaction, as having been incurred by the Successor Company or
     such Issuer or Restricted Subsidiary at the time of such transaction),
     no Event of Default shall have occurred and be continuing;

          (iii) such Issuer shall have delivered to the Trustee an
     Officers' Certificate and an Opinion of Counsel, each stating that
     such consolidation, merger or transfer and such supplemental indenture
     (if any) comply with this Indenture; and

          (iv) if, as a result of any such consolidation, merger or
     transfer, the Principal Property of such Issuer would become subject
     to a Lien which shall not be permitted by this Indenture, such Issuer
     or the Successor Company, as the case may be, shall take such steps as
     shall be necessary to secure the Securities equally and ratably with
     (or prior to) all Indebtedness secured thereby.

          The Successor Company shall succeed to, and be substituted for,
and may exercise every right and power of, the applicable Issuer under this
Indenture (as modified or supplemented by an Officers' Certificate, Board
Resolution or supplemental indenture), but the predecessor Issuer in the
case of a lease of all or substantially all of its assets shall not be
released from the obligation to pay the principal of and interest on the
Securities.

                                     23

<PAGE>

                                 ARTICLE 6

                           DEFAULTS AND REMEDIES

          SECTION 6.01. Events of Default. Unless otherwise provided for a
particular Series of Securities by a Board Resolution, a supplemental
indenture or an Officers' Certificate, each of the following constitutes an
"Event of Default" with respect to each Series of Securities:

          (1) the Issuers default in any payment of the principal amount or
premium, if any, on any Security of that Series when such amount becomes
due and payable at Stated Maturity, upon acceleration, redemption or
otherwise;

          (2) the Issuers default in the payment of interest on any
Security of that Series when such interest becomes due and payable, and
such default continues for a period of 30 days;

          (3) any Issuer fails to comply with Section 5.01;

          (4) any Issuer fails to comply with Section 4.02, 4.03, 4.04,
4.05 or 4.06, and such failure continues for 30 days after the notice
specified below;

          (5) any Issuer fails to comply with any of its covenants or
agreements contained in the Securities of that Series or this Indenture
(other than those referred to in (1), (2), (3), or (4) above) and such
failure continues for 60 days after the notice specified below;

          (6) any Issuer or Restricted Subsidiary defaults under any
Indebtedness (including any other Series of Securities), whether such
Indebtedness now exists or shall hereafter be created, and such default
results in Indebtedness in excess of $25,000,000 or its foreign currency
equivalent becoming due and payable prior to the date on which it would
otherwise have become due and payable, without such Indebtedness having
been discharged or such acceleration having been rescinded or annulled
within 30 days after the notice specified below;

          (7) any Issuer or Restricted Subsidiary pursuant to or within the
meaning of any Bankruptcy Law:

               (A) commences a voluntary case;

               (B) consents to the entry of an order for relief against it
          in an involuntary case;

               (C) consents to the appointment of a Custodian of it or for
          any substantial part of its property; or

               (D) makes a general assignment for the benefit of its
          creditors or takes any comparable action under any foreign laws
          relating to insolvency;

          (8) a court of competent jurisdiction enters an order or decree
under any Bankruptcy Law that:

                                     24

<PAGE>

               (A) is for relief against any Issuer or Restricted
          Subsidiary in an involuntary case;

               (B) appoints a Custodian of any Issuer or Restricted
          Subsidiary or for any substantial part of its property; or

               (C) orders the winding up or liquidation of any Issuer or
          Restricted Subsidiary or any similar relief is granted under any
          foreign laws and the order or decree remains unstayed and in
          effect for 60 days;

          (9) any judgment or decree for the payment of money (not covered
by insurance) in excess of $25,000,000 or its foreign currency equivalent
at the time, is entered against any Issuer or Restricted Subsidiary and
either (A) an enforcement proceeding has been commenced by any creditor
upon such judgment or decree or (B) there is a period of 60 days following
the entry of such judgment or decree during which such judgment or decree
is not discharged, waived or the execution thereof stayed; or

          (10) the co-obligation of any Issuer shall cease to be in full
force and effect (except as contemplated by the terms thereof or this
Indenture).

          The foregoing shall constitute Events of Default whatever the
reason for any such Event of Default and whether it is voluntary or
involuntary or is effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body.

          The term "Bankruptcy Law" means Title 11, United States Code, or
any similar Federal or state law for the relief of debtors. The term
"Custodian" means any receiver, trustee, assignee, liquidator, custodian or
similar official under any Bankruptcy Law.

          A Default under clause (4), (5) or (6) above is not an Event of
Default with respect to any Series of Securities until the Trustee or the
Holders of at least 25% in principal amount of the outstanding Securities of
that Series notify the applicable Issuer of the Default and such Issuer does
not cure such Default within the time specified in clause (4), (5) or (6), as
applicable, after receipt of such notice. Such notice must specify the
Default, demand that it be remedied and state that such notice is a "Notice of
Default."

          The Issuers shall deliver to the Trustee, within 30 days after
the occurrence thereof, written notice in the form of an Officers'
Certificate of any Event of Default under clause (6) and any event which
with the giving of notice or the lapse of time would become an Event of
Default under clause (4), (5) or (9), its status and what action the
Issuers are taking or proposes to take with respect thereto.

          SECTION 6.02. Acceleration. If an Event of Default with respect
to any Series of Securities at the time outstanding (other than an Event of
Default specified in Section 6.01(7) or (8) with respect to any Issuer)
occurs and is continuing, the Trustee or the Holders of at least 25% in
principal amount of the outstanding Securities of that Series by notice to
the Issuers, may declare the principal amount of (or, in the case of
Original Issue Discount Securities of that Series, the portion thereby
specified in the

                                     25

<PAGE>

terms of such Security), premium, if any, and accrued and unpaid interest on
all the Securities of that Series to be due and payable. Upon such a
declaration, such amounts shall be due and payable immediately. If an Event of
Default specified in Section 6.01(7) or (8) with respect to any Issuer occurs,
the principal amount of (or, in the case of Original Issue Discount Securities
of that Series, the portion thereby specified in the terms of such Security),
premium, if any, and accrued and unpaid interest on all the Securities of each
Series of Security shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder.
The Holders of a majority in principal amount of the Securities of any Series
of Securities by notice to the Trustee may rescind an acceleration of that
Series of Securities and its consequences if the rescission would not conflict
with any judgment or decree and if all existing Events of Default with respect
to such Series of Securities have been cured or waived except nonpayment of
the principal amount of (or, in the case of Original Issue Discount Securities
of that Series, the portion thereby specified in the terms of such Security),
premium, if any, and accrued and unpaid interest on all Securities of that
Series that has become due solely because of acceleration. No such rescission
shall affect any subsequent Default or impair any right consequent thereto.

          SECTION 6.03. Other Remedies. If an Event of Default with respect
to any Series of Securities occurs and is continuing, the Trustee may
pursue any available remedy to collect the payment of the principal amount
of (or, in the case of Original Issue Discount Securities of that Series,
the portion thereby specified in the terms of such Security), premium, if
any, and accrued and unpaid interest on the Securities of that Series or to
enforce the performance of any provision of the Securities of that Series
or this Indenture.

          The Trustee may institute and maintain a suit or legal proceeding
even if it does not possess any of the Securities of a Series or does not
produce any of them in the proceeding. A delay or omission by the Trustee or
any Holder in exercising any right or remedy accruing upon an Event of Default
with respect to any Series of Securities shall not impair the right or remedy
or constitute a waiver of or acquiescence in the Event of Default. No remedy
is exclusive of any other remedy. All available remedies are cumulative.

          SECTION 6.04. Waiver of Past Defaults. The Holders of a majority
in principal amount of the Securities of any Series by notice to the
Trustee may waive an existing Default and its consequences except (i) a
Default in the payment of the principal amount of (or, in the case of
Original Issue Discount Securities of that Series, the portion thereby
specified in the terms of such Security), premium, if any, and accrued and
unpaid interest on a Security of that Series, (ii) a Default arising from
the failure to redeem or purchase any Security of that Series when required
pursuant to the terms of this Indenture or (iii) a Default in respect of a
provision that under Section 9.02 cannot be amended without the consent of
each Holder of that Series affected. When a Default is waived, it is deemed
cured, but no such waiver shall extend to any subsequent or other Default
or impair any consequent right.

          SECTION 6.05. Control by Majority. The Holders of a majority in
principal amount of the outstanding Securities of any Series may direct the
time, method and place of conducting any proceeding for any remedy
available to the Trustee or of exercising any trust or power conferred on
the Trustee with respect to that Series. However, the Trustee may refuse to
follow any direction that conflicts with law or this Indenture or, subject
to Section 7.01, that the Trustee determines is unduly prejudicial to the
rights of any other Holder of that Series or that would subject the Trustee
to personal

                                     26

<PAGE>

liability; provided, however, that the Trustee may take any other action
deemed proper by the Trustee that is not inconsistent with such direction.
Prior to taking any action hereunder, the Trustee shall be entitled to
indemnification satisfactory to it in its sole discretion against all
losses and expenses caused by taking or not taking such action.

          SECTION 6.06. Limitation on Suits. Except to enforce the right to
receive payment of the principal amount of (or, in the case of Original
Issue Discount Securities, the portion thereby specified in
the terms of such Security), premium, if any, and accrued and unpaid
interest on a Security of any Series when due, no Holder of a Security of
that Series may pursue any remedy with respect to this Indenture or the
Securities of that Series unless:

          (1) the Holder previously gave the Trustee written notice stating
that an Event of Default with respect to that Series is continuing;

          (2) the Holders of at least 25%, in principal amount of the
outstanding Securities of that Series make a written request to the Trustee
to pursue the remedy;

          (3) such Holder or Holders of that Series offer to the Trustee
security or indemnity satisfactory to the Trustee against any loss,
liability or expense;

          (4) the Trustee does not comply with the request within 60 days
after receipt of the request and the offer of security or indemnity; and

          (5) the Holders of a majority in principal amount of the
outstanding Securities of that Series do not give the Trustee a direction
inconsistent with the request during such 60-day period.

          A Holder of Securities of any Series may not use this Indenture
to prejudice the rights of another Holder of that Series or to obtain a
preference or priority over another Holder of that Series.

          SECTION 6.07. Rights of Holders to Receive Payment.
Notwithstanding any other provision of this Indenture, the right of any
Holder to receive payment of the principal amount of (or, in the case of
Original Issue Discount Securities, the portion thereby specified in the
terms of such Security), premium, if any, and accrued and unpaid interest
on the Securities held by such Holder, on or after their Maturity, or to
bring suit for the enforcement of any such payment on or after their
Maturity, shall not be impaired or affected without the consent of such
Holder.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default
specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee
may recover judgment in its own name and as trustee of an express trust
against the Issuers for the whole amount then due and owing (together with
interest on any unpaid interest to the extent lawful) and the amounts
provided for in Section 7.07.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may
file such proofs of claim and other papers or documents as may be necessary
or advisable in order to have the claims of the Trustee and the Holders
allowed in any judicial proceedings relative to any Issuer or any of its
Subsidiaries, their creditors or their property and, unless prohibited by
law or applicable regulations, may vote on behalf of

                                     27

<PAGE>

the Holders in any election of a trustee in bankruptcy or other Person
performing similar functions, and any Custodian in any such judicial
proceeding is hereby authorized by each Holder to make 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 its counsel, and any other amounts due the
Trustee under Section 7.07.

          SECTION 6.10. Priorities. If the Trustee collects any money or
property pursuant to this Article 6 with respect to any Series
of Securities, it shall pay out the money or property in the following
order:

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to Holders for amounts due and unpaid on the Securities of
that Series for the principal amount of (or, in the case of Original Issue
Discount Securities of that Series, the portion thereby specified in the terms
of such Security), premium, if any, and accrued and unpaid interest, ratably,
without preference or priority of any kind, according to the amounts due and
payable on the Securities of that Series for the principal amount of (or, in
the case of Original Issue Discount Securities of that Series, the portion
thereby specified in the terms of such Security), premium, if any, and accrued
and unpaid interest, respectively; and

          THIRD: to the Issuers.

          The Trustee may fix a record date and payment date for any
payment to Holders pursuant to this Section. At least 15 days before such
record date, the Trustee shall mail to each Holder and each Issuer a notice
that states the record date, the payment date and amount to be paid.

          SECTION 6.11. Undertaking for Costs. 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 or omitted by it as Trustee, a
court in its discretion may require the filing, by any party litigant in
the suit, of an undertaking to pay the costs of the suit, and the court in
its discretion may assess reasonable costs, including reasonable attorneys'
fees and expenses, against any party litigant in the suit, having due
regard to the merits and good faith of the claims or defenses made by the
party litigant. This Section does not apply to a suit by the Trustee, a
suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than
10% in principal amount of the Securities of any Series.

          SECTION 6.12. Waiver of Stay or Extension Laws. None of the
Issuers (to the extent it may lawfully do so) shall at any time insist
upon, plead, or in any manner whatsoever claim to take the benefit or
advantage of, any stay or extension law, wherever enacted, now or at any
time hereafter in force, which may affect the covenants or the performance
of this Indenture; and each Issuer (to the extent that it may lawfully do
so) hereby expressly waives all benefit or advantage of any such law, and
shall not hinder, delay or impede the execution of any power herein granted
to the Trustee, but shall suffer and permit the execution of every such
power as though no such law had been enacted.

                                     28

<PAGE>

                                 ARTICLE 7

                                  TRUSTEE

          SECTION 7.01. Duties of Trustee. (a) If an Event of Default has
occurred and is continuing with respect to any Series of Securities, the
Trustee shall exercise the rights and powers vested in it by this Indenture
and use the same degree of care and skill in its exercise thereof as a
prudent Person would exercise or use under the circumstances in the conduct
of such Person's own affairs.

          (b) Except during the continuance of an Event of Default with
respect to any Series of Securities:

          (1) the Trustee undertakes to perform such duties and only such
duties as are specifically set forth in this Indenture with respect to the
Securities of that Series, as modified or supplemented by an Officers'
Certificate, a Board Resolution or a supplemental indenture, and no implied
covenants or obligations shall be read into this Indenture against the
Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may,
with respect to Securities of that Series, conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture. However, the Trustee
shall examine the certificates and opinions to determine whether or, not
they conform to the requirements of this Indenture (but need not confirm or
investigate the accuracy of mathematical calculations or other facts stated
therein).

          (c) The Trustee may not be relieved from liability for its own
grossly negligent action, its own grossly negligent failure to act or its
own willful misconduct, except that:

          (1) this paragraph does not limit the effect of paragraph (b) of
this Section;

          (2) the Trustee shall not be liable for any error of judgment
made in good faith by a Trust Officer unless it is proved that the Trustee
was grossly negligent in ascertaining the pertinent facts; and

          (3) the Trustee shall not be liable with respect to any action it
takes or omits to take in good faith in accordance with a direction
received by it pursuant to Section 6.05.

          (d) Every provision of this Indenture that in any way relates to
the Trustee is subject to paragraphs (a), (b), (c) and (g) of this Section.

          (e) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Issuers.

          (f) Money held in trust by the Trustee need not be segregated
from funds except to the extent required by law.

                                     29

<PAGE>

          (g) No provision of this Indenture shall require the Trustee to
expend or risk its own funds or otherwise incur financial liability in the
performance of any of its duties hereunder or in the exercise of any of its
rights or powers.

          (h) 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 and to the provisions of the
Trust Indenture Act.

          SECTION 7.02. Rights of Trustee. (a) The Trustee may conclusively
rely on any document believed by it to be genuine and to have been signed
or presented by the proper Person. The Trustee need not investigate any
fact or matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may
require an Officers' Certificate or an Opinion of Counsel. The Trustee
shall not be liable for any action it takes or omits to take in good, faith
in reliance on the Officers' Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents or attorneys and shall not
be responsible for the misconduct or negligence of any agent or attorney
appointed with due care.

          (d) The Trustee shall not be liable for any action it takes or
omits to take in good faith which it believes to be authorized or within
its rights or powers; provided, however, that the Trustee's conduct does
not constitute willful misconduct or gross negligence.

          (e) The Trustee may consult with counsel, and the advice or
opinion of counsel with respect to legal matters relating to this Indenture
and the Securities, shall be full and complete authorization and protection
from liability in respect to any action taken, omitted or suffered by it
hereunder in good faith and in accordance with the advice or opinion of
such counsel.

          (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, consent, order, approval,
bond, debenture, note or other paper or document.

          (g) The Trustee shall not be deemed to have notice of any Default
or Event of Default with respect to the Securities of any Series unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless
written notice of any event which is in fact such a default is received by
the Trustee at the corporate trust office of the Trustee, and such notice
references such Securities and this Indenture.

          (h) The rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be
indemnified, are extended to and shall be enforceable by, the Trustee in
each of its capacities hereunder, and to each agent, custodian and other
Person employed to act hereunder.

          (i) 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

                                     30

<PAGE>

pursuant to this Indenture, unless such Holders shall have offered to the
Trustee security or indemnity satisfactory to the Trustee against the
costs, expenses and liabilities which might be incurred by the Trustee in
compliance with such request or direction.

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its
individual or any other capacity may become the owner or pledgee of
Securities and may otherwise deal with the Issuers or their Affiliates with
the same rights it would have if it were not Trustee. Any Paying Agent,
Registrar or co-paying agent may do the same with like rights. However, the
Trustee must comply with Sections 7.10 and 7.11.

          SECTION 7.04. Trustee's Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy
of this Indenture or the Securities, it shall not be accountable for the
Issuers use of the proceeds from the Securities, and it shall not be
responsible for any statement in this Indenture, in the Securities, or in
any document executed in connection with the sale of the Securities, other
than those set forth in the Trustee's certificate of authentication.

          SECTION 7.05. Notice of Defaults. If a Default with respect to
Securities of any Series occurs and is continuing and if it is actually
known to a Trust Officer of the Trustee, the Trustee shall mail to each
Holder of that Series notice of the Default within 90 days after it occurs.
Except in the case of a Default with respect to Securities of any Series in
payment of the principal amount of (or, in the case of Original Issue
Discount Securities of that Series, the portion thereby specified in the
terms of such Security), premium, if any, and accrued and unpaid interest
on any Security of that Series, the Trustee may withhold the notice if and
so long as a committee of its Trust Officers in good faith determines that
withholding the notice is in the interests of Holders.

          SECTION 7.06. Reports by Trustee to Holder. As promptly as
practicable after each ________ beginning with the _________ for so long as
Securities remain outstanding, the Trustee shall mail to each Holder a
brief report dated as of such reporting date that complies with Section
313(a) of the Trust Indenture Act. The Trustee shall also comply with
Section 313(b) of the Trust Indenture Act.

          A copy of each report at the time of its mailing to Holders shall
be filed with the SEC and each stock exchange (if any) on which the
Securities are listed. The Issuers agree to notify promptly the Trustee
whenever the Securities become listed on any stock exchange and of any
delisting thereof.

          SECTION 7.07. Compensation and Indemnity. Each of the Issuers,
jointly and severally, shall pay to the Trustee from time to time such
compensation for its services as the Issuers and the Trustee shall from
time to time agree in writing. The Trustee's compensation shall not be
limited by any law on compensation of a trustee of an express trust. The
Issuers, jointly and severally, shall reimburse the Trustee upon request
for all reasonable out-of-pocket expenses incurred or made by it, including
costs of collection, in addition to the compensation for its services. Such
expenses shall include the reasonable compensation and expenses,
disbursements and advances of the Trustee's agents, counsel, accountants
and experts. Each Issuer, jointly and severally, shall indemnify the
Trustee against any and all loss, liability or expense (including
reasonable attorneys' fees) incurred by or in connection with the
administration of this trust and the performance of its duties hereunder.
The Trustee shall notify the Issuers of any claim for which it may seek
indemnity promptly upon obtaining actual knowledge

                                     31

<PAGE>

thereof; provided, however, that any failure so to notify the Issuers shall
not relieve any Issuer of its indemnity obligations hereunder. The Issuers
need not reimburse any expense or indemnify against any loss, liability or
expense incurred by an indemnified party through such party's own willful
misconduct, gross negligence or bad faith.

          To secure the Issuers' payment obligations in this Section, the
Trustee shall have a lien prior to the Securities on all money or property
held or collected by the Trustee other than money or property held in trust
to pay the principal of and interest and any liquidated damages on
particular Securities.

          The Issuers' payment obligations pursuant to this Section shall
survive the satisfaction or discharge of this Indenture, any rejection or
termination of this Indenture under any bankruptcy law or the resignation
or removal of the Trustee. When the Trustee incurs expenses after the
occurrence of a Default specified in Section 6.01(7) or (8) with respect to
any Issuer, the expenses are intended to constitute expenses of
administration under the Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee. The Trustee may resign at
any time with respect to the Securities of any Series by so notifying the
Issuers. The Holders of a majority in principal amount of the Securities of
any Series may remove the Trustee and may appoint a successor Trustee with
respect to such Series of Securities. The Issuers shall remove the Trustee
if:

          (1) the Trustee fails to comply with Section 7.10;

          (2) the Trustee is adjudged bankrupt or insolvent;

          (3) a receiver or other public officer takes charge of the
Trustee or its property; or

          (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Issuers or by the
Holders of a majority in principal amount of the Securities of any Series
and such Holders do not reasonably promptly appoint a successor Trustee or
if a vacancy exists in the office of Trustee for any reason (the Trustee in
such event being referred to herein as the retiring Trustee), the Issuers
shall promptly appoint a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Issuers. Thereupon the
resignation or removal of the retiring Trustee shall become effective, and
the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of
its succession to Holders of that Series of Securities. The retiring
Trustee shall promptly transfer all property held by it as Trustee to the
successor Trustee, subject to the lien provided for in Section 7.07.

          If a successor Trustee does not take office within 30 days after
the retiring Trustee resigns or is removed, the retiring Trustee or the
Holders of 10% in principal amount of the Securities of that Series may
petition, at the expense of the Issuers, any court of competent
jurisdiction for the appointment of a successor Trustee.

                                     32

<PAGE>

          If the Trustee fails to comply with Section 7.10, any Holder of
that Series of Securities may petition any court of competent jurisdiction
for the removal of the Trustee and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this
Section 7.08, the Issuers' obligations under Section 7.07 shall continue
for the benefit of the retiring Trustee.

          SECTION 7.09. Successor Trustee by Merger. If the Trustee
consolidates with, merges or converts into, or transfers all or
substantially all its corporate-trust business or assets to, another
corporation or banking association, the resulting, surviving or transferee
corporation without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger,
conversion or consolidation to the Trustee shall succeed to the trusts
created by this Indenture any of the Securities shall have been
authenticated but not delivered, any such successor to the Trustee may
adopt the certificate of authentication of any predecessor trustee, and
deliver such Securities so authenticated; and if at that time any of the
Securities shall not have been authenticated, any such successor to the
Trustee may authenticate such Securities either in the name of any
predecessor hereunder or in the name of the successor to the Trustee; and
in all such cases such certificates shall have the full force which it is
anywhere in the Securities or in this Indenture provided that the
certificate of the Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at
all times satisfy the requirements of Trust Indenture Act Section 310(a).
The Trustee shall have a combined capital and surplus of at least
$100,000,000 as set forth in its most recent published annual report of
condition. The Trustee shall comply with Trust Indenture Act Section
310(b); provided, however, that there shall be excluded from the operation
of Trust Indenture Act Section 310(b)(1) any indenture or indentures under
which other securities or certificates of interest or participation in
other securities of any Issuer are outstanding if the requirements for such
exclusion set forth in Trust Indenture Act Section 310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against Issuers.
The Trustee shall comply with Trust Indenture Act Section 311(a), excluding
any creditor relationship listed in Trust Indenture Act Section 311(b). A
Trustee who has resigned or has been removed shall be subject to Trust
Indenture Act Section 311(a) to the extent indicated.

                                 ARTICLE 8

                  LEGAL DEFEASANCE AND COVENANT DEFEASANCE

          SECTION 8.01. Option to Effect Legal Defeasance or Covenant
Defeasance. The Issuers may, at the option of their Boards of Directors
evidenced by resolutions set forth in an Officers' Certificate, at any
time, elect to have either Section 8.02 or 8.03 hereof be applied to all
outstanding Securities of any Series upon compliance with the conditions
set forth below in this Article 8.

                                     33

<PAGE>

          SECTION 8.02. Legal Defeasance and Discharge. Upon the Issuers'
exercise under Section 8.01 hereof of the option applicable to this Section
8.02 with respect to any Series of Securities, the Issuers shall, subject
to the satisfaction of the conditions set forth in Section 8.04 hereof, be
deemed to have been discharged from its obligations with respect to all
outstanding Securities of that Series on the date the conditions set forth
below are satisfied (hereinafter, "Legal Defeasance"). For this purpose,
Legal Defeasance means that the Issuers shall be deemed to have paid and
discharged the entire Indebtedness represented by the outstanding
Securities of that Series, which shall thereafter be deemed to be
"outstanding" only for the purposes of Section 8.05 hereof and the other
Sections of this Indenture referred to in (a) and (b) below, and to have
satisfied all their other obligations under such Securities and this
Indenture (and the Trustee, on demand of and at the expense of the Issuers,
shall execute proper instruments acknowledging the same), except for the
following provisions which shall survive until otherwise terminated or
discharged hereunder:

          (a) the rights of Holders of outstanding Securities of that
     Series to receive solely from the trust fund described in Section 8.04
     hereof, and as more fully set forth in such Section, payments in
     respect of the principal of, premium, if any, and interest on such
     Securities when such payment are due;

          (b) the Issuers' obligations with respect to such Securities of
     that Series under Article 2,

          (c) the rights, powers, trusts, duties and immunities of the
     Trustee hereunder and the Issuers' obligations in connection
     therewith; and

          (d) this Article 8.

          Subject to compliance with this Article 8, the Issuers may
exercise their option under this Section 8.02 notwithstanding the prior
exercise of their option under Section 8.03 hereof.

          SECTION 8.03. Covenant Defeasance. Upon the Issuers' exercise under
Section 8.01 hereof of the option applicable to this Section 8.03 with respect
to any Series of Securities, the Issuers shall, subject to the satisfaction of
the conditions set forth in Section 8.04 hereof, be released from their
obligations under the covenants contained in an Officers' Certificate, a Board
Resolution or a supplemental indenture and Sections 4.02 through 4.08 and
clause (iv) of Section 5.01 hereof with respect to the outstanding Securities
of that Series on and after the date the conditions set forth in Section 8.04
are satisfied (hereinafter, "Covenant Defeasance"), and the Securities of that
Series shall thereafter be deemed not "outstanding" for the purposes of any
direction, waiver, consent or declaration or act of Holders (and the
consequences of any thereof) in connection with such covenants, but shall
continue to be deemed "outstanding" for all other purposes hereunder (it being
understood that such Securities shall not be deemed outstanding for accounting
purposes). For this purpose, Covenant Defeasance means that, with respect to
the outstanding Securities of that Series, the Issuers may omit to comply with
and shall have no liability in respect of any term, condition or limitation
set forth in any such covenant, whether directly or indirectly, by reason of
any reference elsewhere herein to any such covenant or by reason of any
reference in any such covenant to any other provision herein or in any other
document and such omission to comply shall not constitute a Default or an
Event of Default with respect to such Securities under Section 6.01 hereof,
but, except as specified

                                     34

<PAGE>

above, the remainder of this Indenture and such Securities shall be
unaffected thereby. In addition, upon the Issuers' exercise under Section
8.01 hereof of the option applicable to this Section 8.03 hereof with
respect to any Series of Securities, subject to the satisfaction of the
conditions set forth in Section 8.04 hereof, Sections 6.01(3) through
6.01(6) and 6.01(9) hereof shall not constitute Events of Default with
respect to such Securities.

          SECTION 8.04. Conditions to Legal or Covenant Defeasance. The
following shall be the conditions to the application of either Section 8.02
or 8.03 hereof to the outstanding Securities:

          In order to exercise either Legal Defeasance or Covenant
Defeasance with respect to any Series of Securities:

               (1) the Issuers must irrevocably deposit with the Trustee,
          in trust, for the benefit of the Holders of that Series of
          Securities, cash in United States dollars, non-callable
          Government Securities, or a combination thereof, in such amounts
          as will be sufficient, in the opinion of a nationally recognized
          firm of independent public accountants, to pay the principal of,
          premium, if any, and interest on the outstanding Securities of
          that Series on the stated date for payment thereof or on the
          applicable redemption date, as the case may be;

               (2) in the case of an election under Section 8.02 hereof,
          the Issuers shall have delivered to the Trustee an Opinion of
          Counsel in the United States reasonably acceptable to the Trustee
          confirming that:

                    (a) the Issuers have received from, or there has been
               published by, the Internal Revenue Service a ruling; or

                    (b) since the date of this Indenture, there has been a
               change in the applicable federal income tax law, in either
               case to the effect that, and based thereon such Opinion of
               Counsel shall confirm that, the Holders of the outstanding
               Securities of that Series will not recognize income, gain or
               loss for federal income tax purposes as a result of such
               Legal Defeasance and will be subject to federal income tax
               on the same amounts, in the same manner and at the same time
               as would have been the case if such Legal Defeasance had not
               occurred;

               (3) in the case of an election under Section 8.03 hereof,
          the Issuers shall have delivered to the Trustee an Opinion of
          Counsel in the United States reasonably acceptable to the Trustee
          confirming that the Holders of the outstanding Securities of that
          Series will not recognize income, gain or loss for federal income
          tax purposes as a result of such Covenant Defeasance and will be
          subject to federal income tax on the same amounts, in the same
          manner and at the same times as would have been the case if such
          Covenant Defeasance had not occurred;

               (4) no Default or Event of Default with respect to that
          Series of Securities shall have occurred and be continuing
          either:

                                     35

<PAGE>

                    (a) on the date of such deposit (other than a Default
               or Event of Default with respect to that Series of
               Securities resulting from the borrowing of funds to be
               applied to such deposit); or

                    (b) insofar as Sections 6.01(7) or 6.01(8) hereof are
               concerned, at any time in the period ending on the 91st day
               after the date of deposit;

               (5) such Legal Defeasance or Covenant Defeasance shall not
          result in a breach or violation of, or constitute a default
          under, any material agreement or instrument (other than this
          Indenture) to which the Issuers or any of their Restricted
          Subsidiaries are a party or by which the Issuers or any of their
          Restricted Subsidiaries are bound;

               (6) the Issuers shall have delivered to the Trustee an
          Opinion of Counsel to the effect that on the 91st day following
          the deposit, the trust funds will not be subject to the effect of
          any applicable bankruptcy, insolvency, reorganization or similar
          laws affecting creditors' rights generally;

               (7) the Issuers shall have delivered to the Trustee an
          Officers' Certificate stating that the deposit was not made by
          the Issuers with the intent of preferring the Holders of that
          Series of Securities over any other creditors of the Issuers or
          with the intent of defeating, hindering, delaying or defrauding
          any other creditors of the Issuers or others; and

               (8) the Issuers shall have delivered to the Trustee an
          Officers' Certificate and an Opinion of Counsel, each stating
          that all conditions precedent provided for or relating to the
          Legal Defeasance or the Covenant Defeasance have been complied
          with.

          SECTION 8.05. Deposited Money and Government Securities to be
Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.06
hereof, all money and non-callable Government Securities (including the
proceeds thereof) deposited with the Trustee (or other qualifying trustee,
collectively for purposes of this Section 8.05, the "Trustee") pursuant to
Section 8.04 hereof in respect of any outstanding Series of Securities
shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Securities and this Indenture, to the payment, either
directly or through any Paying Agent (including any Issuer acting as Paying
Agent) as the Trustee may determine, to the Holders of such Securities of
all sums due and to become due thereon in respect of principal, premium, if
any, and interest, but such money need not be segregated from other funds
except to the extent required by law.

          The Issuers shall pay and indemnify the Trustee against any tax,
fee or other charge imposed on or assessed against the cash or non-callable
Government Securities deposited pursuant to Section 8.04 hereof or the
principal and interest received in respect thereof other than any such tax,
fee or other charge which by law is for the account of the Holders of the
outstanding Securities of that Series.

          Anything in this Article 8 to the contrary notwithstanding, the
Trustee shall deliver or pay to the Issuers from time to time upon the
request of the Issuers any money or non-callable Government Securities held
by it as provided in Section 8.04 hereof which, in the opinion of a
nationally recognized firm of independent public

                                     36

<PAGE>

accountants expressed in a written certification thereof delivered to the
Trustee (which may be the opinion delivered under Section 8.04(1) hereof),
are in excess of the amount thereof that would then be required to be
deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

          SECTION 8.06. Repayment to Issuers. Any money deposited with the
Trustee or any Paying Agent, or then held by the Issuers, in trust for the
payment of the principal of, premium, if any, or interest on any Security
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 Issuers on
their request or (if then held by the Issuers) shall be discharged from
such trust; and the Holder of such Security shall thereafter look only to
the Issuers for payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money, and all liability of the
Issuers 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 Issuers cause to be published once, in
the New York Times and The Wall Street Journal (national edition), 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 notification or
publication, any unclaimed balance of such money then remaining will be
repaid to the Issuers.

          SECTION 8.07. Reinstatement. If the Trustee or Paying Agent is
unable to apply any United States dollars or non-callable Government
Securities in accordance with Section 8.02 or 8.03 thereof, as the case may
be, by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application,
then the Issuers' obligations under this Indenture and the Securities shall
be revived and reinstated as though no deposit had occurred pursuant to
Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent
is permitted to apply all such money in accordance with Section 8.02 or
8.03 hereof, as the case may be; provided, however, that, if the Issuers
make any payment of principal of, premium, if any, or interest on any
Security following the reinstatement of its obligations, the Issuers shall
be subrogated to the rights of the Holders of such Securities to receive
such payment from the money held by the Trustee or Paying Agent.

                                 ARTICLE 9

                                 AMENDMENTS

          SECTION 9.01. Without Consent of Holders. The Issuers and the
Trustee may amend this Indenture or the Securities without notice to or
consent of any Holder:

          (1) to evidence the succession of another Person to any Issuer
     pursuant to Article 5 and the assumption by such successor of such
     Issuer's covenants, agreements and obligations in this Indenture and
     in the Securities;

          (2) to surrender any right or power conferred upon the Issuers by
     this Indenture, to add to the covenants of the Issuers such further
     covenants, restrictions, conditions or provisions for the protection
     of the Holders of all or any Series of Securities as the Boards of
     Directors of the Issuers shall consider to be for the protection of
     the Holders of such Securities, and to make the occurrence, or the
     occurrence and continuance, of a default in respect of any such
     additional

                                     37

<PAGE>

     covenants, restrictions, conditions or provisions a Default or an
     Event of Default under this Indenture; provided, however, that with
     respect to any such additional covenant, restriction, condition or
     provision, such amendment may provide for a period of grace after
     default, which may be shorter or longer than that allowed in the case
     of other Defaults, may provide for an immediate enforcement upon such
     Default, may limit the remedies available to the Trustee upon such
     Default or may limit the right of Holders of a majority in aggregate
     principal amount of the Securities of any Series to waive such
     default;

          (3) to cure any ambiguity or correct or supplement any provision
     contained in this Indenture, in any supplemental indenture or in any
     Securities that may be defective or inconsistent with any other
     provision contained therein;

          (4) to convey, transfer, assign, mortgage or pledge any property to
     or with the Trustee, or to make such other provisions in regard to
     matters or questions arising under this Indenture as shall not adversely
     affect the interests of any Holders of Securities of any Series;

          (5) to modify or amend this Indenture in such a manner as to
     permit the qualification of this Indenture or any supplemental
     indenture under the Trust Indenture Act as then in effect;

          (6) to add or to change any of the provisions of this Indenture
     to provide that Securities in bearer form may be registrable as to
     principal, to change or eliminate any restrictions on the payment of
     principal or premium with respect to Securities in registered form or
     of principal, premium or interest with respect to Securities in bearer
     form, or to permit Securities in registered form to be exchanged for
     Securities in bearer form, so as to not adversely affect the interests
     of the Holders of Securities or any coupons of any Series in any
     material respect or permit or facilitate the issuance of Securities of
     any Series in uncertificated form;

          (7) in the case of subordinated Securities, to make any change in
     the provisions of this Indenture or any supplemental indenture relating
     to subordination that would limit or terminate the benefits available to
     any holder of senior Indebtedness under such provisions (but only if each
     such holder of senior Indebtedness consents to such change);

          (8) to add Guarantees with respect to the Securities or to secure
     the Securities;

          (9) to make any change that does not adversely affect the rights
     of any Holder;

          (10) to add to, change, or eliminate any of the provisions of
     this Indenture with respect to one or more Series of Securities, so
     long as any such addition, change or elimination not otherwise
     permitted under this Indenture shall (A) neither apply to any Security
     of any Series created prior to the execution of such supplemental
     indenture and entitled to the benefit of such provision nor modify the
     rights of the Holders of any such Security with respect to the benefit
     of

                                     38

<PAGE>

     such provision or (B) become effective only when there is no such
     Security outstanding;

          (11) to evidence and provide for the acceptance of appointment by
     a successor or separate Trustee with respect to the 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 this Indenture by more than one Trustee; or

          (12) to establish the form or terms of Securities and coupons of
     any Series pursuant to Article 2.

          SECTION 9.02. With Consent of Holders. The Issuers and the
Trustee may amend this Indenture or the Securities of any Series without
notice to any Holder but with the written consent of the Holders of at
least a majority in principal amount of the Securities of each Series then
outstanding (including consents obtained in connection with a tender offer
or exchange for the Securities) affected by such amendment. However,
without the consent of each Holder affected, an amendment may not:

          (1) make any changes to the percentage of principal amount of the
     outstanding Securities of any Series, the consent of whose Holders is
     required for any amendment, 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;

          (2) reduce the principal amount of, premium, if any, or interest
     on, or extend the Stated Maturity or interest payment periods of any
     Security;

          (3) make any Security payable in money or securities other than
     that stated in the Security;

          (4) make any change that adversely affects such Holder's right to
     require the Issuers to purchase the Securities in accordance with the
     terms thereof and this Indenture;

          (5) impair the right of any Holder to institute suit for the
     enforcement of any payment with respect to the Securities;

          (6) in the case of any subordinated Securities, or coupons
     appertaining thereto, make any change in the provisions of this
     Indenture relating to subordination that adversely affects the rights
     of any Holder under such provisions;

          (7) except as provided under Article 8 hereof or in accordance
     with the terms of any Guarantee, release any Guarantor from any of its
     obligations under its Guarantee or make any change in a Guarantee that
     would adversely affect the Holder of the Securities; or

                                     39

<PAGE>

          (8) make any change in Section 6.04 or 6.07 or the second
     sentence of this Section 9.02.

          It shall not be necessary for the consent of the Holders under
this Section to approve the particular form of any proposed amendment, but
it shall be sufficient if such consent approves the substance thereof.
After an amendment under this Section becomes effective, the Issuers shall
mail to all affected Holders a notice briefly describing such amendment.
The failure to give such notice to all such Holders, or any defect therein,
shall not impair or affect the validity of an amendment under this Section.

          SECTION 9.03. Compliance with Trust Indenture Act. Every
amendment to this Indenture or the Securities shall comply with the Trust
Indenture Act as then in effect.

          SECTION 9.04. Revocation and Effect of Consents and Waivers. A
consent to an amendment or a waiver by a Holder of a Security shall bind
the Holder and every subsequent Holder of that Security or portion of the
Security that evidences the same debt as the consenting Holder's Security,
even if notation of the consent or waiver is not made on the Security.
However, any such Holder or subsequent Holder may revoke the consent or
waiver as to such Holder's Security or portion of the Security if the
Trustee receives the notice of revocation before the date the amendment or
waiver becomes effective. After an amendment or waiver becomes effective,
it shall bind every Holder. An amendment or waiver becomes effective once
both (i) the requisite number of consents have been received by the Issuers
or the Trustee and (ii) such amendment or waiver has been executed by the
Issuers and the Trustee.

          The Issuers may, but shall not be obligated to, fix a record date
for the purpose of determining the Holders entitled to give their consent
or take any other action described above or required or permitted to be
taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the immediately preceding paragraph, those Persons who were
Holders at such record date (or their duly designated proxies), and only
those Persons, shall be entitled to give such consent or to revoke any
consent previously given or to take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date.

          SECTION 9.05. Notation on or Exchange of Securities. If an
amendment changes the terms of a Security, the Trustee may require the
Holder of the Security to deliver it to the Trustee. The Trustee may place
an appropriate notation on the Security regarding the changed terms and
return it to the Holder. Alternatively, if the Issuers or the Trustee so
determines, the Issuers in exchange for the Security shall issue and the
Trustee shall authenticate a new Security that reflects the changed terms.
Failure to make the appropriate notation or to issue a new Security shall
not affect the validity of such amendment.

          SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign
any amendment authorized pursuant to this Article 9 if the amendment does
not affect the rights, duties, liabilities or immunities of the Trustee. If
it does, the Trustee may but need not sign it. In signing such amendment
the Trustee shall be entitled to receive indemnity satisfactory to it and
to receive, and (subject to Section 7.01) shall be fully protected in

                                     40

<PAGE>

relying upon, an Officers' Certificate and an Opinion of Counsel stating
that such amendment is authorized or permitted by this Indenture and that
such amendment is the legal, valid and binding obligation of the Issuers
enforceable against them in accordance with its terms, subject to customary
exceptions, and complies with the provisions hereof (including Section
9.03).

          SECTION 9.07. Payment for Consent. Neither the Issuers nor any
Affiliate of the Issuers shall, directly or indirectly, pay or cause to be
paid any consideration, whether by way of interest, fee or otherwise, to
any Holder for or as an inducement to any consent, waiver or amendment of
any of the terms or provisions of this Indenture or the Securities unless
such consideration is offered to be paid to all Holders, ratably, that so
consent, waive or agree to amend in the time frame set forth in
solicitation documents relating to such consent, waiver or agreement.

                                 ARTICLE 10

                               MISCELLANEOUS

          SECTION 10.01. Trust Indenture Act Controls. If any provision of
this Indenture limits, qualifies or conflicts with another provision which
is required to be included in this Indenture by the Trust Indenture Act,
the required provision shall control.

          SECTION 10.02. Notices. Any notice or communication shall be in
writing and delivered in person or mailed by first-class mail addressed as
follows:

          If to the Issuers:

          Jones Apparel Group, Inc.
          1411 Broadway
          New York, New York  10018
          Attention:  Ira M. Dansky, Esq.

          with a copy to:

          Cravath, Swaine & Moore
          825 Eighth Avenue
          New York, NY 10019
          Attention:  William V. Fogg, Esq.

          If to the Trustee:

          The Bank of New York
          101 Barclay Street, Floor 21W
          New York, New York  10286
          Attention: Corporate Trust Administration

          The Issuers or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

                                     41

<PAGE>

          Any notice or communication mailed to a Holder shall be mailed to
the Holder at the Holder's address as it appears on the registration books
of the Registrar and shall be sufficiently given if so mailed within the
time prescribed.

          Failure to mail a notice or communication to a Holder or any
defect in it shall not affect its sufficiency with respect to other
Holders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it.

          SECTION 10.03. Communication by Holders with Other Holders.
Holders may communicate pursuant to Trust Indenture Act Section 312(b) with
other Holders with respect to their rights under this Indenture or the
Securities. The Issuers, the Trustee, the Registrar and anyone else shall
have the protection of Trust Indenture Act Section 312(c).

          SECTION 10.04. Certificate and Opinion as to Conditions
Precedent. Upon any request or application by any Issuer to the Trustee to
take or refrain from taking any action under this Indenture, such Issuer
shall furnish to the Trustee:

          (1) an Officers' Certificate of such Issuer in form and substance
     reasonably satisfactory to the Trustee stating that, in the opinion of
     the signers, all conditions precedent, if any, provided for in this
     Indenture relating to the proposed action have been complied with; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of such
     counsel, all such conditions precedent have been complied with.

          SECTION 10.05. Statements Required in Certificate or Opinion.
Each certificate or opinion with respect to compliance with a covenant or
condition provided for in this Indenture shall include:

          (1) a statement that the individual making such certificate or
     opinion has read such covenant or condition;

          (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 such individual, he has
     made such examination or investigation as is necessary to enable him
     to express an informed opinion as to whether or not such covenant or
     condition has been complied with; and

          (4) a statement as to whether or not, in the opinion of such
     individual, such covenant or condition has been complied with.

          SECTION 10.06. When Securities Disregarded. In determining
whether the Holders of the required principal amount of Securities have
concurred in any direction, waiver or consent, Securities owned by any
Issuer, or by any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with

                                     42

<PAGE>

any Issuer shall be disregarded and deemed not to be outstanding, except
that, for the purpose of determining whether the Trustee shall be protected
in relying on any such direction, waiver or consent, only Securities which
the Trustee knows are so owned shall be so disregarded. Subject to the
foregoing, only Securities outstanding at the time shall be considered in
any such determination.

          SECTION 10.07. Rules by Trustee, Paying Agent and Registrar. The
Trustee may make reasonable rules for action by or a meeting of Holders.
The Registrar and the Paying Agent may make reasonable rules for their
functions.

          SECTION 10.08. Legal Holidays. A "Legal Holiday" is a Saturday,
Sunday or other day on which banking institutions in New York State are
authorized or required by law to close. If a payment date is a Legal
Holiday, payment shall be made on the next succeeding day that is not a
Legal Holiday, and no interest shall accrue for the intervening period. If
a regular record date is a Legal Holiday, the record date shall not be
affected.

          SECTION 10.09. Governing Law. THIS INDENTURE AND THE SECURITIES
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

          SECTION 10.10. No Recourse Against Others. A director, officer,
employee or shareholder, as such, of any Issuer shall not have any
liability for any obligations of such Issuer under the Securities or this
Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Security, each Holder shall
waive and release all such liability. The waiver and release shall be part
of the consideration for the issuance of the Securities.

          SECTION 10.11. Successors. All agreements of each Issuer in this
Indenture and the Securities shall bind its successors. All agreements of
the Trustee in this Indenture shall bind its successors.

          SECTION 10.12. Multiple Originals. The parties may sign any
number of copies of this Indenture. Each signed copy shall be an original,
but all of them together represent the same agreement. One signed copy of
the Indenture is enough to prove this Indenture.

          SECTION 10.13. Table of Contents; Headings. The table of
contents, cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of reference only, are
not intended to be considered a part hereof and shall not modify or
restrict any of the terms or provisions hereof.

          SECTION 10.14. Severability. If any provision in this Indenture
is deemed unenforceable, it shall not affect the validity or enforceability
of any other provision set forth herein, or of the Indenture as a whole.

                                     43

<PAGE>

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

                                         JONES APPAREL GROUP, INC.

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

                                         JONES APPAREL GROUP HOLDINGS, INC.

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

                                         JONES APPAREL GROUP USA, INC.

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

                                         NINE WEST GROUP INC.

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

                                         THE BANK OF NEW YORK, as Trustee

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

                                     44

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