Document:

Exhibit 4.1

                                                                  CONFORMED COPY

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                                THE LIMITED, INC.

                                       And

                              THE BANK OF NEW YORK,

                                     Trustee

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

                                    Indenture

                           Dated as of March 15, 1988

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

                                 Debt Securities

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This Cross Reference Sheet, showing the location in the Indenture of the
provisions inserted pursuant to Section 310-318(a), inclusive, of the Trust
Indenture Act of 1939, is not to be considered a part of the Indenture.

                    TRUST INDENTURE ACT CROSS REFERENCE SHEET

                             Sections of Trust                      Sections of
                               Indenture Act                         Indenture
                                                                  --------------
310(a)(1)..................................................            1005
310(a)(2)..................................................            1005
310(a)(3)..................................................       Not Applicable
310(a)(4)..................................................       Not Applicable
310(b).....................................................            1006
310(c).....................................................       Not Applicable
311........................................................            1009
312........................................................             903
313........................................................             901
314(a).....................................................             902
314(b).....................................................       Not Applicable
314(c).....................................................            1403
314(d).....................................................       Not Applicable
314(e).....................................................            1403
315(a).....................................................           1002(a)
315(b).....................................................            1003
315(c).....................................................            1002
315(d).....................................................            1002
315(e).....................................................             608
316(a).....................................................         606 and 703
316(b).....................................................             607
317(a).....................................................         603 and 604
317(b).....................................................             503
318(a).....................................................            1404

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                               TABLE OF CONTENTS*

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Parties........................................................................1

Recitals.......................................................................1

                                   ARTICLE ONE

                                   DEFINITIONS

SECTION 101.  Definitions......................................................2

              Affiliate; control...............................................2
              Board of Directors...............................................2
              Board Resolution.................................................2
              Business Day.....................................................3
              Commission.......................................................3
              Company..........................................................3
              Company Request; Company Order...................................3
              Components.......................................................3
              Conversion Date..................................................3
              Corporate Trust Office...........................................3
              corporation......................................................4
              Debt Securities..................................................4
              Defaulted Interest...............................................4
              Depositary.......................................................4
              Dollar...........................................................4
              ECU..............................................................4
              European Communities.............................................4
              Event of Default.................................................4
              Exchange Rate....................................................4
              Exchange Rate Officer's Certificate..............................5
              Foreign Currency.................................................6
              Global Security..................................................6
              Government Obligations...........................................6
              Governmental Authority...........................................6
              Holder...........................................................6
              Indebtedness.....................................................6
              Indenture........................................................6
              interest.........................................................6
              Interest Payment Date............................................7
              Mandatory Sinking Fund Payment...................................7
              Maturity.........................................................7
              Officers' Certificate............................................7

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* This table of contents shall not, for any purpose, be deemed to be a part of
the Indenture.
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                Opinion of Counsel.............................................7
                Optional Sinking Fund Payment..................................7
                Original Issue Discount Security...............................7
                Outstanding....................................................7
                Paying Agent...................................................8
                Person.........................................................8
                Place of Payment...............................................8
                Predecessor Security...........................................8
                Redemption Date................................................8
                Redemption Price...............................................8
                Regular Record Date............................................8
                Responsible Officer............................................8
                Security Register; Security Registrar..........................9
                Significant Subsidiary.........................................9
                Special Record Date............................................9
                Stated Maturity................................................9
                Subsidiary.....................................................9
                Trustee........................................................9
                Trust Indenture Act............................................9
                United States..................................................9
                Voting Stock...................................................9

                                     ARTICLE TWO

                                 DEBT SECURITY FORMS

SECTION 201.    Forms Generally...............................................10

SECTION 202.    Forms of Debt Securities......................................10

SECTION 203.    Form of Trustee's Certificate of Authentication...............10

                                    ARTICLE THREE

                               THE DEBT SECURITIES

SECTION 301.    Amount Unlimited; Issuable in Series..........................11

SECTION 302.    Denominations.................................................13

SECTION 303.    Execution, Authentication, Delivery and Dating................13

SECTION 304.    Temporary Debt Securities.....................................16

                                         ii
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SECTION 305.    Registration, Transfer and Exchange...........................17

SECTION 306.    Mutilated, Destroyed, Lost and Stolen Debt Securities.........20

SECTION 307.    Payment of Interest; Interest Rights Preserved................20

SECTION 308.    Persons Deemed Owners.........................................22

SECTION 309.    Cancellation..................................................22

SECTION 310.    Computation of Interest.......................................23

SECTION 311.    Payment in Currencies.........................................23

                                    ARTICLE FOUR

                     REDEMPTION OF DEBT SECURITIES; SINKING FUND

SECTION 401.    Applicability of Right of Redemption..........................27

SECTION 402.    Notice of Redemption..........................................27

SECTION 403.    Selection of Debt Securities on Partial Redemption............28

SECTION 404.    Deposit of Redemption Price...................................28

SECTION 405.    Debt Securities Payable on Redemption Date....................28

SECTION 406.    Debt Securities Redeemed in Part..............................29

SECTION 407.    Applicability of Sinking Fund.................................29

SECTION 408.    Mandatory and Optional Sinking Funds..........................30

SECTION 409.    Application of Sinking Fund Payments..........................31

                                    ARTICLE Five

                         Particular Covenants of the Company

SECTION 501.    To Pay Principal, Premium, If Any, and Interest...............32

SECTION 502.    To Maintain Offices or Agencies...............................32

                                        iii
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SECTION 503.    Money for Debt Security Payments To Be Held in Trust..........32

SECTION 504.    Restrictions on Liens Upon Voting Stock of Significant
                  Subsidiaries................................................34

SECTION 505.    Restrictions on Consolidation, Merger, Sale, Etc..............35

SECTION 506.    Annual Statement Concerning Compliance With Covenants.........36

SECTION 507.    Compliance With Covenants and Conditions May Be Waived By
                Holders of Debt Securities....................................36

                                     ARTICLE SIX

                                      REMEDIES

SECTION 601.    Events of Default.............................................37

SECTION 602.    Acceleration of Maturity on Default; Waiver...................38

SECTION 603.    Collection of Amounts Due and Suits for Enforcement by
                Trustee.......................................................39

SECTION 604.    Trustee Appointed Attorney-in-Fact for Holders to File Claims.40

SECTION 605.    Application of Moneys Collected by Trustee....................41

SECTION 606.    Holders May Direct Proceedings and Waive Defaults.............42

SECTION 607.    Limitations on Right of Holders to Institute Proceedings......42

SECTION 608.    Assessment of Costs and Attorneys' Fees in Legal Proceedings..43

SECTION 609.    Rights and Remedies Cumulative................................44

                                         iv
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                                  ARTICLE SEVEN

                               ACTIONS BY HOLDERS

SECTION 701.    Actions By Holders............................................44

SECTION 702.    Instruments...................................................45

SECTION 703.    Determining Principal Amount of Outstanding Debt Securities...45

SECTION 704.    Revocation by Holders of Consents to Action...................46

                                  ARTICLE EIGHT

                     MEETINGS OF HOLDERS OF DEBT SECURITIES

SECTION 801.    Purposes of Meetings..........................................46

SECTION 802.    Call of Meetings by Trustee...................................47

SECTION 803.    Call of Meetings by Company or Holders........................47

SECTION 804.    Qualifications For Voting.....................................47

SECTION 805.    Regulation of Meetings........................................48

SECTION 806.    Voting........................................................48

SECTION 807.    No Delay of Rights by Meeting.................................49

                                  ARTICLE NINE

             REPORTS BY THE COMPANY AND THE TRUSTEE; HOLDERS' LISTS

SECTION 901.    Reports by Trustee............................................49

                (a) Annual Report to Holders..................................49

                (b) Special Reports to Holders................................50

                (c) Manner and Extent of Transmitting Reports.................51

                                       v
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                (d) Copies to be Filed with Commission and Securities
                    Exchanges.................................................51

SECTION 902.    Reports by the Company........................................51

                (a) Reports and Information to be Filed with Trustee..........51

                (b) Additional Information to Be Filed with Trustee and
                    Commission................................................51

                (c) Reports to Holders........................................52

SECTION 903.    Holders' Lists................................................52

                (a) Names and Addresses of Holders............................52

                (b) Trustee to Preserve Information...........................52

                (c) Trustee to Furnish Certain Information to Holders on
                    Request...................................................52

                                     ARTICLE TEN

                               CONCERNING THE TRUSTEE

SECTION 1001.   Acceptance of Trusts Upon Specified Conditions................54

                (a) Trustee Entitled to Compensation and Expenses;
                    Indemnification...........................................54

                (b) Trustee May Act by Agents and Attorneys...................54

                (c) Trustee Not Responsible for Recitals of Fact..............55

                (d) Trustee May Consult With Counsel..........................55

                (e) Trustee May Rely Upon Certificate as to Adoption
                    of Resolutions; Requests May Be Evidenced by Officers'
                    Certificate...............................................55

                (f) Trustee May Become Owner or Pledgee of Debt Securities....55

                (g) Segregation of Funds......................................55

                                       vi
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                (h) Action at Request of or with Consent of Holder
                    Binding on Future Holders.................................56

                (i) Trustee May Rely on Instruments Believed by It to Be
                    Genuine...................................................56

                (j) Trustee Need Not Exercise Rights or Powers Unless
                    Indemnified by Holders................................... 56

                (k) Trustee Not Liable for Action Taken or Omitted in Good
                    Faith.....................................................56

                (l) Trustee Not Bound to Make Investigation...................56

                (m) Trustee Not Deemed to Have Knowledge of Default...........56

SECTION 1002.   Duties of Trustee in Case of Default..........................57

                (a) When No Default Subsisting................................57

                (b) Trustee Not Liable for Error of Judgment Made in Good
                    Faith by Responsible Officer..............................57

                (c) Trustee Not Liable for Certain Action or
                    Non-Action at Direction of Holders of Majority of Debt
                    ecurities.................................................58

SECTION 1003.   Notice to Holders of Defaults.................................58

SECTION 1004.   Resignation of Trustee and Notice Thereof.....................58

SECTION 1005.   Qualifications of Trustee.....................................59

SECTION 1006.   Disqualification of Trustee by Reason of Conflicting
                  Interest....................................................59

                (a) Trustee to Resign.........................................59

                (b) Notice to Holders of Failure to Resign....................59

                (c) Right of Holders to Petition for Removal of Trustee.......59

                (d) Meaning of the Term "Conflicting Interest"; Calculation
                    of Percentages of Debt Securities........................ 60

                                      vii
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SECTION 1007.   Appointment of Successor Trustee..............................65

SECTION 1008.   Merger, Conversion or Consolidation of Trustee or
                  Transfer of its Corporate Trust Business;
                  Authentication of Debt Securities by Successor Trustee......67

SECTION 1009.   Trustee Required to Account for Amounts Collected as
                  Creditor of the Company Under Certain Conditions............67

                (a) Trustee, as a Creditor, to Set Apart and Hold
                      Certain Moneys in a Special Account During
                      Default................................................ 67

                (b) Situations Not Requiring Trustee to Account...............68

                (c) Apportionment of Funds and Property Set Apart.............69

                (d) In Case of Resignation or Removal of Trustee..............70

                (e) Meaning of Certain Terms as Used in Section 1009..........70

                (f) Creditor Relationships to Which Section 1009
                      Inapplicable............................................70

SECTION 1010.   Trustee May Rely on Officers' Certificate.....................72

                                   ARTICLE ELEVEN

                             SATISFACTION AND DISCHARGE

SECTION 1101.   Discharge of Indenture Upon Payment of Debt Securities........73

SECTION 1102.   Discharge of Indenture Upon Deposit of Moneys.................73

SECTION 1103.   Discharge of Certain Indebtedness Upon Deposit of Moneys......73

SECTION 1104.   Termination of Certain Obligations Upon Deposit of Moneys.....74

SECTION 1105.   Certain Deposits With the Trustee to be Held in Escrow........75

                                      viii
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SECTION 1106.   Repayment to Company..........................................76

SECTION 1107.   Reinstatement.................................................76

SECTION 1108.   Indemnity for Government Obligations..........................77

SECTION 1109.   Deposits of Foreign Currencies................................77

                                 ARTICLE TWELVE

                    IMMUNITY OF INCORPORATORS, STOCKHOLDERS,

                             OFFICERS AND DIRECTORS

SECTION 1201.   Liability Solely Corporate....................................77

                                ARTICLE THIRTEEN

                             SUPPLEMENTAL INDENTURES

SECTION 1301.   Without Consent of Holders, Company and Trustee May Enter Into
                   Supplemental Indentures for Specified Purposes............78

SECTION 1302.   Modification of Indenture by Supplemental Indenture
                   With Consent of Holders....................................79

SECTION 1303.   Trustee to Join in Execution of Supplemental Indenture........80

SECTION 1304.   Effect of Supplemental Indenture..............................81

SECTION 1305.   Matters Provided for in Supplemental Indenture May Be
                   Noted on Debt Securities, or New Debt Securities
                   Appropriately Modified May Be Issued in Exchange for
                   Outstanding Debt Securities................................81

SECTION 1306.   Supplemental Indentures to Conform to Trust Indenture Act.....82

                                ARTICLE FOURTEEN

                        PROVISIONS OF GENERAL APPLICATION

SECTION 1401.   Consolidation, Merger, Sale or Lease..........................82

                                       ix
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SECTION 1402.   Benefits of Indenture.........................................82

SECTION 1403.   Evidence of Compliance with Conditions Precedent;
                   Form of Documents Delivered to Trustee.    83

SECTION 1404.   Conflict with Trust Indenture Act.............................84

SECTION 1405.   Notices, etc., to Trustee and Company.........................84

SECTION 1406.   Notice to Holders; Waiver.....................................85

SECTION 1407.   Effect of Headings and Table of Contents......................85

SECTION 1408.   Successors and Assigns........................................85

SECTION 1409.   Separability Clause...........................................85

SECTION 1410.   Governing Law.................................................86

SECTION 1411.   Legal Holidays................................................86

SECTION 1412.   Execution in Counterparts.....................................86

Signatures and Seals..........................................................87

Acknowledgements..............................................................88

Exhibit A.....................................................................89

                                       x
<PAGE>

                                    INDENTURE

     INDENTURE, dated as of March 15, 1988, between THE LIMITED, INC., a
corporation organized and existing under the laws of the State of Delaware
(hereinafter called the "Company") having its principal place of business at Two
Limited Parkway, Columbus, Ohio 43216, and THE BANK OF NEW YORK, a corporation
organized and existing under the laws of the State of New York, as trustee
(hereinafter called the "Trustee") having its Corporate Trust Office at 21 West
Street, New York, New York 10286, attention: Corporate Trust Trustee
Administration.

                              W I T N E S S E T H:

     WHEREAS, the Company has duly authorized the issue, in one or more series
as in this Indenture provided, from time to time of its debentures, notes, bonds
and other evidences of indebtedness (herein called the "Debt Securities") and,
to provide the general terms and conditions upon which the Debt Securities are
to be authenticated, issued and delivered, the Company has duly authorized the
execution and delivery of this Indenture; and

     WHEREAS, the Trustee has power to enter into this Indenture and to accept
and execute the trusts herein created; and

     WHEREAS, the Company represents that all acts and things necessary to
constitute these presents a valid indenture and agreement according to its
terms, have been done and performed, that the execution and delivery of the Debt
Securities of any series will, at the time of such execution and delivery, have
been duly authorized by the Company and that any such Debt Securities, when so
executed and delivered by the Company and when authenticated, issued and
delivered by the Trustee, will be legal, valid and binding obligations of the
Company; and the Company, in the exercise of each and every legal right and
power in it vested, executes this Indenture and proposes to make, execute, issue
and deliver Debt Securities from time to time as herein provided;

     NOW, THEREFORE, the parties hereto, intending to be legally bound, agree
that, in consideration of the acceptance and purchase of the Debt Securities by
the holders thereof, the Company covenants and agrees with the Trustee, for the
equal benefit of all the holders from time to time of the Debt Securities,
without preference, priority or distinction of any thereof over any other
thereof by reason of priority in time of issuance or negotiation, or otherwise,
as follows:

<PAGE>

                                  ARTICLE ONE

                                   DEFINITIONS

SECTION 101. Definitions.

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

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

          (2) all other terms used herein which are defined in the Trust
     Indenture Act, either directly or by reference therein, have the meanings
     assigned to them therein;

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

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

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

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

     "Board of Directors" means either the board of directors of the Company or
any duly authorized committee of that board or any committee of officers or
other representatives of the Company duly authorized by a Board Resolution to
act on behalf of that board or in its stead.

     "Board Resolution" means a copy of a resolution certified by the Secretary
or an Assistant Secretary of the Company to have been duly adopted by the Board
of Directors and to be in full force and effect on the date of such
certification, and delivered to the Trustee.

                                       2
<PAGE>

     "Business Day", when used with respect to any Place of Payment or any other
particular location referred to in this Indenture or in the Debt Securities,
means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on
which banking institutions in that Place of Payment or other particular location
are authorized or obligated by law to close.

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

     "Company" means The Limited, Inc. and, subject to the provisions of Section
1401, shall also include its successors and assigns.

     "Company Request" and "Company Order" mean, respectively, a written request
or order signed in the name of the Company by the Chairman of the Board of
Directors, the President or an Executive Vice President, and by the Treasurer,
an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary
or an Assistant Secretary of the Company, and delivered to the Trustee.

     "Components" with respect to a composite currency (including but not
limited to the ECU) means the currency amounts that are components of such
composite currency on the Conversion Date. If after such Conversion Date the
official unit of any component currency is altered by way of combination or
subdivision, the number of units of such currency shall be divided or multiplied
in the same proportion to calculate the Component. If after such Conversion Date
two or more component currencies are consolidated into a single currency, the
amounts of those currencies as Components shall be replaced by an amount in such
single currency equal to the sum of the amounts of such consolidated component
currencies expressed in such single currency, and such amount shall thereafter
be a Component. If after such Conversion Date any component currency shall be
divided into two or more currencies, the amount of such currency as a Component
shall be replaced by amounts of such two or more currencies, each of which shall
be equal to the amount of such former component currency divided by the number
of currencies into which such component currency was divided, and such amounts
shall thereafter be Components.

     "Conversion Date" with respect to a composite currency (including but not
limited to the ECU) has the meaning specified in Section 311.

     "Corporate Trust Office" means the principal office of the Trustee at which
at any particular time its corporate trust business shall be administered. The
Corporate Trust Office of the initial Trustee shall be at the address set forth
in the

                                       3
<PAGE>

first paragraph of this Indenture until the Trustee shall notify the Company of
a change thereof.

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

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

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

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

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

     "ECU" means the European Currency Unit as defined and revised from time to
time by the Council of the European Communities.

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

     "Event of Default" has the meaning specified in Section 601.

     "Exchange Rate" means (a) with respect to a currency (other than a
composite currency) in which payment is to be made on a series of Debt
Securities denominated in a composite currency, the exchange rate between such
composite currency and such currency reported by the agency or organization, if
any, designated pursuant to Section 301(11) or, in the case of ECU, by the
Council of the European Communities (whose reports are currently based on the
rates in effect at 2:30 P.M., Brussels time, on the relevant exchange markets),
as appropriate, or if such exchange rate is not or ceases to be so reported,
then such exchange rate as shall be determined by the Company using, in its sole
discretion and without liability on its part, quotations from one or more major
banks in The City of New York or such other quotations as the Company shall deem
appropriate, on the applicable Regular or Special Record Date or the fifteenth
day

                                       4
<PAGE>

immediately preceding Maturity, as the case may be, with respect to Debt
Securities of such series, (b) with respect to Dollars in which payment is to be
made on a series of Debt Securities denominated in a Foreign Currency, the noon
Dollar buying rate for that currency for cable transfers quoted in The City of
New York on the Regular or Special Record Date with respect to such Interest
Payment Date or the fifteenth day immediately preceding Maturity, as the case
may be, with respect to Debt Securities of such series, as certified for customs
purposes by the Federal Reserve Bank of New York, (c) with respect to a Foreign
Currency in which payment is to be made on a series of Debt Securities
denominated in Dollars or converted into Dollars pursuant to Section 311(d)(ii),
the noon Dollar selling rate for that currency for cable transfers quoted in The
City of New York on the Regular or Special Record Date with respect to such
Interest Payment Date or the fifteenth day immediately preceding Maturity, as
the case may be, with respect to Debt Securities of such series, as certified
for customs purposes by the Federal Reserve Bank of New York, and (d) with
respect to a Foreign Currency in which payment is to be made on a series of Debt
Securities denominated in a different Foreign Currency, the exchange rate
between such Foreign Currencies determined in the manner specified pursuant to
Section 301(14). Except in the situation contemplated in (a) above, if for any
reason such rates are not available with respect to one or more currencies for
which an Exchange Rate is required, the Company shall use, in its sole
discretion and without liability on its part, such quotations of the Federal
Reserve Bank of New York as of the most recent available date, or quotations
from one or more major banks in The City of New York or in the country of issue
of the currency in question, or such other quotations as the Company shall deem
appropriate. Any reference herein to the "applicable" Exchange Rate shall mean
the Exchange Rate as set forth in the applicable Exchange Rate Officer's
Certificate. Unless otherwise specified by the Company, if there is more than
one market for dealing in any currency by reason of foreign exchange regulations
or otherwise, the market to be used in respect of such currency shall be that
upon which an issuer of securities denominated in such currency that is similar
to the Company in all material respects would purchase such currency in order to
make payments in respect of such securities.

     "Exchange Rate Officer's Certificate", with respect to any date for the
payment of principal of (and premium, if any) and interest on any series of Debt
Securities, means a certificate setting forth the applicable Exchange Rate as of
the Regular or Special Record Date with respect to such Interest Payment Date or
the fifteenth day immediately preceding Maturity, as the case may be, with
respect to Debt Securities of such series and the amounts payable in Dollars and
Foreign Currencies in respect of the principal of (and premium, if any) and
interest on any such Debt Securities denominated in ECU, any other composite
currency or any Foreign Currency, and signed by the Chairman or a Vice Chairman
of the Board of Directors, the President, an Executive Vice President or a Vice
President, the Treasurer or any Assistant Treasurer or the Controller or any
Assistant Controller of the Company, and delivered to the Trustee.

                                       5
<PAGE>

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

     "Global Security" means a Debt Security evidencing all or a part of a
series of Debt Securities, issued to the Depositary for such series in
accordance with Section 303, and bearing the legend prescribed in Section
303(c).

     "Government Obligations" means securities that are (i) direct obligations
of the United States for the payment of which its full faith and credit is
pledged or (ii) obligations of a Person controlled or supervised by and acting
as an agency or instrumentality of the United States, the timely payment of
which is unconditionally guaranteed as a full faith and credit obligation by the
United States, which, in either case under Clause (i) or (ii), are not callable
or redeemable at the option of the issuer thereof, and shall also include a
depository receipt issued by a bank or trust company as custodian with respect
to any such Government Obligation or a specific payment of interest on or
principal of any such Government Obligation held by such custodian for the
account of the holder of a depository receipt: provided, that (except as
required by law) such custodian is not authorized to make any deduction from the
amount payable to the holder of such depository receipt from any amount received
by the custodian in respect of the Government Obligation or the specific payment
of interest on or principal of the Government Obligation evidenced by such
depository receipt.

     "Governmental Authority" means any nation or government, any state or other
political subdivision thereof, and any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government.

     "Holder" means a Person in whose name a Debt Security is registered in the
Security Register.

     "Indebtedness" means any and all obligations of a corporation for money
borrowed which in accordance with generally accepted accounting principles would
be reflected on the balance sheet of such corporation as a liability on the date
as of which Indebtedness is to be determined.

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

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

                                       6
<PAGE>

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

     "Mandatory Sinking Fund Payment" has the meaning specified in Section 407.

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

     "Officers' Certificate", when used with respect to the Company, means a
certificate signed by the Chairman of the Board of Directors, the President or
an Executive Vice President, and by the Treasurer, an Assistant Treasurer, the
Secretary or an Assistant Secretary of the Company, and delivered to the
Trustee.

     "Opinion of Counsel" means an opinion in writing prepared in accordance
with Section 1403 and signed by legal counsel, who may be an employee of or of
counsel to the Company, or may be other counsel satisfactory to the Trustee,
which is delivered to the Trustee.

     "Optional Sinking Fund Payment" has the meaning specified in Section 407.

     "Original Issue Discount Security" means any Debt Security which provides
for an amount less than the principal amount thereof to be due and payable upon
a declaration of acceleration of the maturity thereof pursuant to Section 602.

     "Outstanding", when used as of any particular time with reference to Debt
Securities, means, subject to Section 703, all Debt Securities theretofore
authenticated and delivered by the Trustee under this Indenture, except:

          (i) Debt Securities or portions thereof for which funds sufficient to
     pay the principal thereof, premium, if any, thereon and all unpaid interest
     thereon at Maturity or to the date fixed for redemption shall have been
     deposited in trust for such purpose as provided herein with the Trustee or
     with any Paying Agent (other than the Company) or shall have been set aside
     and segregated in trust by the Company (if the Company shall act as its own
     Paying Agent); provided that, if such Debt Securities are to be redeemed,
     notice of such redemption thereof shall have been duly given or provision
     satisfactory to the Trustee for the giving of such notice shall have been
     made;

                                       7
<PAGE>

          (ii) Debt Securities theretofore cancelled and delivered to the
     Trustee or which have been surrendered to the Trustee for cancellation; and

          (iii) Debt Securities which have been paid pursuant to Section 306 or
     in exchange for or in lieu of which other Debt Securities have been
     authenticated and delivered pursuant to this Indenture, other than any such
     Debt Securities in respect of which there shall have been presented to the
     Trustee proof satisfactory to it that such Debt Securities are held by a
     bona fide purchaser in whose hands such Debt Securities are valid
     obligations of the Company.

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

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

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

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

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

     "Redemption Price", when used with respect to any Debt Security to be
redeemed, means the price (exclusive of accrued interest) at which it is to be
redeemed pursuant to this Indenture and the terms of such Debt Security.

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

     "Responsible Officer", when used with respect to the Trustee, means any
officer or employee in the Corporate Trust Office of the Trustee or any other

                                       8
<PAGE>

officer or employee of the Trustee customarily performing functions similar to
those performed by any of the above-designated officers or employees and also
means, with respect to a particular corporate trust matter, any other officer to
whom such matter is referred because of his knowledge of and familiarity with
the particular subject.

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

     "Significant Subsidiary" has the meaning specified in Section 504.

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

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

     "Subsidiary" means a corporation, a majority of the outstanding voting
stock of which is owned, directly or indirectly, by the Company or by one or
more other Subsidiaries, or by the Company and one or more other Subsidiaries.
For the purposes of this definition, "voting stock" means stock having voting
power for the election of directors, whether at all times or only so long as no
senior class of stock has such voting power by reason of any contingency;
provided, however, that "voting stock" shall not include stock which the Company
or any of its Subsidiaries owning such stock are required or have agreed not to
vote, or the voting rights with respect to which have been granted to a Person
other than the Company or any of its Subsidiaries.

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

     "Trust Indenture Act" means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed, except as provided in Section
1306.

     "United States" means the United States of America (including the States
thereof and the District of Columbia), its territories and possessions and other
areas subject to its jurisdiction.

     "Voting Stock" has the meaning specified in Section 504.

                                       9
<PAGE>

                                  ARTICLE TWO

                               DEBT SECURITY FORMS

SECTION 201. Forms Generally.

     All Debt Securities and the Trustee's certificate of authentication shall
have such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by this Indenture or by a Board Resolution and as
set forth in an Officers' Certificate or by an indenture supplemental hereto and
may have such letters, numbers or other marks of identification or designation
and such legends or endorsements placed thereon as the Company may deem
appropriate and as are not inconsistent with the provisions of this Indenture,
or as may be required to comply with any law or with any rule or regulation made
pursuant thereto or with any rule or regulation of any securities exchange on
which any of the Debt Securities may be listed or of any automated quotation
system on which they may be quoted, or to conform to usage.

     Debt Securities in definitive form shall be printed, lithographed or
engraved, or produced by any combination of these methods or in any other manner
determined by the officers executing such Debt Securities, as evidenced by their
execution of such Debt Securities.

SECTION 202. Forms of Debt Securities.

     Each Debt Security shall be substantially in such form as shall be
established from time to time in or pursuant to a Board Resolution and set forth
in an Officers' Certificate, or established in one or more indentures
supplemental hereto, which shall set forth the information required by Section
301. If so provided as contemplated by Section 301, the Debt Securities of a
series shall be issuable in the form of one or more Global Securities.

SECTION 203. Form of Trustee's Certificate of Authentication.

     The form of the Trustee's certificate of authentication to be borne by each
Debt Security shall be substantially as follows:

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

     This is one of the Debt Securities referred to in the within-mentioned
Indenture.

                                                 THE BANK OF NEW YORK,
                                                    as Trustee

                                                 By:
                                                     ---------------------------
                                                     Authorized Signatory

                                       10
<PAGE>

                                 ARTICLE THREE

                               THE DEBT SECURITIES

SECTION 301. Amount Unlimited; Issuable in Series.

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

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

          (1) the title of the Debt Securities of the series (which shall
     distinguish the Debt Securities of the series from all other Debt
     Securities, except to the extent that additional Debt Securities of an
     existing series are being issued);

          (2) the limit, if any, upon the aggregate principal amount of the Debt
     Securities of the series which may be authenticated and delivered under
     this Indenture (except for Debt Securities authenticated and delivered upon
     registration of transfer of, or in exchange for, or in lieu of, other Debt
     Securities of the series pursuant to Section 304, 305, 306, 406 or 1305);

          (3) the date or dates on which the principal of the Debt Securities of
     the series is payable;

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

          (5) the place or places where the principal of (and premium, if any)
     or interest on Debt Securities of the series shall be payable, and whether
     any such payments may be made by wire transfer;

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

                                       11
<PAGE>

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

          (8) whether the Debt Securities of the series shall be issued in the
     form of one or more Global Securities and, in such case, the Depositary for
     such Global Security or Securities;

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

          (10) if other than the principal amount thereof, the portion of the
     principal amount of Debt Securities of the series which shall be payable
     upon declaration of acceleration of the maturity thereof pursuant to
     Section 602;

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

          (12) the currency or currencies in which payment of the principal of
     (and premium, if any) and interest on Debt Securities of the series will be
     made, and the currency or currencies (in addition to Dollars), if any, in
     which payment of the principal of (and premium, if any) or interest on Debt
     Securities of the series, at the election of each of the Holders thereof,
     may also be payable;

          (13) if the amount of payments of principal of (and premium, if any)
     or interest on Debt Securities of the series may be determined with
     reference to an index based on a currency or currencies other than that in
     which the Debt Securities of the series denominated or designated to be
     payable, the manner in which such amounts shall be determined;

          (14) if the payments of principal of (and premium, if any) or the
     interest on the Debt Securities of the series are to be made in a Foreign
     Currency other than the Foreign Currency in which such Debt Securities are
     denominated, the manner in which

                                       12
<PAGE>

     the exchange rate with respect to such payments shall be determined;

          (15) whether the Debt Securities of the series shall be subject to
     defeasance pursuant to either or both of Sections 1103 and 1104;

          (16) whether the Debt Securities of the series shall be issued with
     warrants to purchase such Debt Securities or the Debt Securities of any
     other series attached thereto; and

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

     All Debt Securities of any one series shall be substantially identical
except as to denomination and except as may otherwise be provided in or pursuant
to such Board Resolution (as set forth in such Officers' Certificate) or in any
such indenture supplemental hereto.

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

SECTION 302. Denominations.

     The Debt Securities of each series shall be issuable in registered form
without coupons in such denominations as shall be specified in accordance with
the requirements of Section 301. In the absence of any such provisions with
respect to the Debt Securities of any series and except as provided in Section
303, the Debt Securities of such series shall be issuable in denominations of
$1,000 or any integral multiple thereof.

SECTION 303. Execution, Authentication, Delivery and Dating.

     (a) The Debt Securities shall be executed on behalf of the Company by the
Chairman of its Board of Directors, its President or one of its Executive Vice
Presidents, and by its Treasurer or any Assistant Treasurer or its Secretary or
any Assistant Secretary under its corporate seal. The signature of any of these
officers on the Debt Securities may be manual or facsimile. The seal of the
Company may be in the form of a facsimile thereof and may be impressed, affixed,
imprinted or otherwise reproduced on the Debt Securities. Typographical and
other minor errors or defects in any such reproduction of the seal or any such

                                       13
<PAGE>

signature shall not affect the validity or enforceability of any Debt Security
that has been duly authenticated and delivered by the Trustee.

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

     (b) At any time and from time to time after the execution and delivery of
this Indenture, the Company may deliver Debt Securities of any series executed
by the Company to the Trustee for authentication, together with a Company Order
for the authentication and delivery of such Debt Securities; and the Trustee in
accordance with the Company Order shall authenticate and deliver such Debt
Securities. The Trustee shall be entitled to receive, prior to the
authentication and delivery of such Debt Securities, the supplemental indenture
or the Board Resolution in or pursuant to which the terms and form of such Debt
Securities have been established (and, if such terms and form are established in
or pursuant to a Board Resolution, the Officers' Certificate setting forth such
terms and form), an Officers' Certificate as to the absence of any event which
is, or after notice or lapse of time or both would become, an Event of Default,
and an Opinion of Counsel stating that:

          (1) all instruments furnished by the Company to the Trustee in
     connection with the authentication and delivery of such Debt Securities
     conform to the requirements of this Indenture and constitute sufficient
     authority hereunder for the Trustee to authenticate and deliver such Debt
     Securities;

          (2) the form of such Debt Securities has been established in
     conformity with the provisions of this Indenture;

          (3) the terms of such Debt Securities have been established in
     conformity with the provisions of this Indenture;

          (4) in the event that the form or terms of such Debt Securities have
     been established in a supplemental indenture, the execution and delivery of
     such supplemental indenture have been duly authorized by all necessary
     corporate action of the Company, such supplemental indenture has been duly
     executed and delivered by the Company and, assuming due authorization,
     execution and delivery by the Trustee, is a legal, valid, binding and
     enforceable instrument of the Company, subject to applicable bankruptcy,
     insolvency and similar laws affecting creditors' rights generally, and
     subject, as to enforceability, to general principles of equity

                                       14
<PAGE>

     (regardless of whether enforcement is sought in a proceeding in equity or
     at law);

          (5) the execution and delivery of such Debt Securities have been duly
     authorized by all necessary corporate action of the Company and such Debt
     Securities have been duly executed by the Company and, assuming due
     authentication by the Trustee and delivery by the Company, are the legal,
     valid, binding and enforceable obligations of the Company, entitled to the
     benefits of the Indenture, subject to applicable bankruptcy, insolvency and
     similar laws affecting creditors' rights generally, and subject, as to
     enforceability, to general principles of equity (regardless of whether
     enforcement is sought in a proceeding in equity or at law); and

          (6) such other matters as the Trustee may reasonably request.

     Notwithstanding the provisions of Section 301 and of this Section 303, if
all the Debt Securities of a series are not to be originally issued at one time,
it shall not be necessary to deliver the Officers' Certificate or supplemental
indenture otherwise required pursuant to Section 301 or the Company Order, Board
Resolution and Officers' Certificate or supplemental indenture, and Opinion of
Counsel required pursuant to this Section 303 at or prior to the time of
authentication of each Debt Security of such series if such documents were
delivered at or prior to the time of authentication upon original issuance of
the first Debt Security of such series to be issued.

     (c) If the Company shall establish pursuant to Section 301 that the Debt
Securities of a series are to be issued in the form of one or more Global
Securities, then the Company shall execute and the Trustee shall, in accordance
with this Section and the Company Order with respect to such series,
authenticate and deliver one or more Global Securities that (i) shall represent
and shall be denominated in an amount equal to the aggregate principal amount of
all of the Debt Securities of such series issued and not yet cancelled, (ii)
shall be registered in the name of the Depositary for such Global Security or
Securities or the nominee of such Depositary, (iii) shall be delivered by the
Trustee to such Depositary or pursuant to such Depositary's instructions and
(iv) shall bear a legend substantially to the following effect:

     "Unless and until it is exchanged in whole or in part for Debt Securities
     in definitive registered form, this Debt Security may not be transferred
     except as a whole by the Depositary to the nominee of the Depositary or by
     a nominee of the Depositary to the Depositary or another

                                       15
<PAGE>

     nominee of the Depositary or by the Depositary or any such nominee to a
     successor Depositary or a nominee of such successor Depositary."

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

     (e) The Trustee shall have the right to decline to authenticate and deliver
any Debt Security under this Section if the Trustee, upon the advice of counsel,
determines that such action may not lawfully be taken or if the Trustee, by a
committee of Responsible Officers, shall determine in good faith that the
authentication and delivery of such Debt Security would be unjustly prejudicial
to Holders of Outstanding Debt Securities.

     (f) Each Debt Security shall be dated the date of its authentication.

     (g) No Debt Security shall be entitled to any benefit under this Indenture
or be valid or obligatory for any purpose unless there appears on such Debt
Security a certificate of authentication substantially in the form provided for
herein executed by the Trustee by manual signature of one of its authorized
signatories, and such certificate upon any Debt Security shall be conclusive
evidence, and the only evidence, that such Debt Security has been duly
authenticated and delivered hereunder and is entitled to the benefits of this
Indenture.

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

SECTION 304. Temporary Debt Securities.

     Pending the preparation of definitive Debt Securities of any series, the
Company may execute, and upon Company Order the Trustee shall authenticate and
deliver, temporary Debt Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Debt Securities in lieu of which
they are issued, in registered form and with such appropriate insertions,
omissions, substitutions and other variations as the officers executing such
Debt Securities may determine, as evidenced by their execution of such Debt
Securities. In the case of Debt Securities of any series, such temporary

                                       16
<PAGE>

Debt Securities may be in global form, representing all of the Outstanding Debt
Securities of such series.

     If temporary Debt Securities of any series are issued, the Company will
cause definitive Debt Securities of such series to be prepared without
unreasonable delay. After the preparation of definitive Debt Securities of such
series, the temporary Debt Securities of such series shall be exchangeable for
definitive Debt Securities of such series upon surrender of the temporary Debt
Securities of such series at the office or agency of the Company in a Place of
Payment for such series without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Debt Securities of any series, the
Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a like principal amount of definitive Debt Securities of such series in
any authorized denominations. Until so exchanged, the temporary Debt Securities
of any series shall in all respects be entitled to the same benefits under this
Indenture as definitive Debt Securities of such series.

SECTION 305. Registration, Transfer and Exchange.

     The Company shall cause to be kept a register (herein sometimes referred to
as the "Security Register") in which, subject to such reasonable regulations as
it may prescribe, the Company shall provide for the registration of Debt
Securities and of transfers of Debt Securities. Separate registers may be kept
for separate series of Debt Securities. Unless and until otherwise determined by
the Company, the Security Register shall be kept at the office or agency of the
Company maintained pursuant to Section 502, which office or agency is hereby
appointed "Security Registrar" for the purpose of registering Debt Securities
and registering the transfer of Debt Securities as herein provided. At all
reasonable times the Security Register shall be open for inspection by the
Trustee.

     Upon surrender for registration of transfer of any Debt Security of any
series at the office or agency of the Company maintained for such purpose, the
Company shall execute, and the Trustee shall authenticate and deliver, in the
name of the designated transferee or transferees, a like aggregate principal
amount of one or more new Debt Securities of the same series in any authorized
denominations.

     Notwithstanding any other provision of this Section 305, unless and until
it is exchanged in whole or in part for Debt Securities in definitive registered
form, a Global Security representing all or a portion of the Debt Securities of
a series may not be transferred except as a whole by the Depositary for such
series to a nominee of such Depositary or by a nominee of such Depositary to
such Depositary or another nominee of such Depositary or by such Depositary or
any such nominee to a successor Depositary for such series or a nominee of such
successor Depositary.

                                       17
<PAGE>

     At the option of the Holder, Debt Securities of any series (except a Global
Security) may be exchanged for a like aggregate principal amount of other Debt
Securities of the same series in any authorized denominations upon surrender of
the Debt Securities to be exchanged at such office or agency. Whenever any Debt
Securities are so surrendered for exchange, the Company shall execute and the
Trustee shall authenticate and deliver the Debt Securities which the Holder
making the exchange is entitled to receive.

     If at any time the Depositary for the Debt Securities of a series notifies
the Company that it is unwilling or unable to continue as Depositary for the
Debt Securities of such series or if at any time the Depositary for the Debt
Securities of such series shall no longer be eligible under Section 303(d), the
Company shall appoint a successor Depositary with respect to the Debt Securities
of such series. If a successor Depositary for the Debt Securities of such series
is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company's election pursuant
to Section 301(8) shall no longer be effective with respect to the Debt
Securities of such series and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive
Debt Securities of such series, will authenticate and deliver, Debt Securities
of such series in definitive registered form without coupons, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of
the Global Security or Securities representing such series, in exchange for such
Global Security or Securities.

     The Company may at any time and in its sole discretion determine that the
Debt Securities of any series issued in the form of one or more Global
Securities shall no longer be represented by a Global Security or Securities. In
such event the Company will execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of definitive Debt Securities of such
series, will authenticate and deliver, Debt Securities of such series in
definitive registered form without coupons, in any authorized denominations, in
an aggregate principal amount equal to the principal amount of the Global
Security or Securities representing such series, in exchange for such Global
Security or Securities.

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

                                       18
<PAGE>

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

          (ii) to such Depositary a new Global Security in a denomination equal
     to the difference, if any, between the principal amount of the surrendered
     Global Security and the aggregate principal amount of Debt Securities
     authenticated and delivered pursuant to Clause (i) above.

     Upon the exchange of a Global Security for Debt Securities in definitive
registered form without coupons, in authorized denominations, such Global
Security shall be cancelled by the Trustee. Debt Securities in definitive
registered form without coupons issued in exchange for a Global Security
pursuant to this Section 305 shall be registered in such names and in such
authorized denominations as the Depositary for such Global Security, pursuant to
instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. The Trustee shall deliver such Debt Securities to or as
directed by the Persons in whose names such Debt Securities are so registered.

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

     Every Debt Security presented or surrendered for registration of transfer
or for exchange shall (if so required by the Company, the Security Registrar or
the Trustee) be duly endorsed by the appropriate persons and be accompanied by
reasonable assurances that the endorsements are genuine and effective, or shall
be accompanied by a written instrument of transfer in form satisfactory to the
Company, the Security Registrar and the Trustee, duly executed by the Holder
thereof or his attorney duly authorized in writing, and such other documentation
as the Company, the Security Registrar or the Trustee may reasonably require.

     No service charge shall be made for any transfer or exchange of Debt
Securities, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
transfer or exchange of Debt Securities, other than exchanges pursuant to
Section 304, 406 or 1305 not involving any transfer.

     The Company shall not be required to issue, register the transfer of or
exchange any Debt Security of any particular series during a period

                                       19
<PAGE>

beginning at the opening of business 15 days before the day of the mailing of a
notice of redemption of Debt Securities of such series selected for redemption
under Section 402 and ending at the close of business on the day of such
mailing, or (ii) to register the transfer of or exchange any Debt Security so
selected for redemption in whole or in part, except the unredeemed portion of
any Debt Security being redeemed in part.

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

     If (i) any mutilated Debt Security is surrendered to the Trustee or (ii)
the Company and the Trustee receive evidence to their satisfaction of the
ownership of and the destruction, loss or theft of any Debt Security, and there
is delivered to the Company and the Trustee such security or indemnity as may be
required by them to save each of them harmless, then, in the absence of notice
to the Company or the Trustee that such Debt Security has been acquired by a
bona fide purchaser, the Company shall execute and upon its request the Trustee
shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Debt Security, a new Debt Security of like
tenor and principal amount, bearing a number not contemporaneously outstanding.

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

     Upon the issuance of any new Debt Security under this Section 306, the
Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Company and the Trustee)
connected therewith.

     Every new Debt Security of any series issued pursuant to this Section 306
in lieu of any destroyed, lost or stolen Debt Security shall constitute an
original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Debt 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 Debt Securities of such series duly
issued hereunder.

     The provisions of this Section 306 are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Debt Securities.

SECTION 307. Payment of Interest; Interest Rights Preserved.

     Interest on any Debt Security which is payable and is punctually paid or
duly provided for on any Interest Payment Date shall be paid to the Person

                                       20
<PAGE>

in whose name that Debt Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest. At the option of the Company, payment of interest on any Debt Security
may be made by check mailed to the address of the Person entitled thereto as
such address shall appear in the Security Register or, if so specified in the
manner contemplated by Section 301, by wire transfer to an account designated by
such Person in writing to the Trustee.

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

          (1) The Company may elect to make payment of any Defaulted Interest to
     the Persons in whose names the Debt Securities (or their respective
     Predecessor Securities) are registered at the close of business on a
     Special Record Date for the payment of such Defaulted Interest, which shall
     be fixed in the following manner. The Company shall notify the Trustee in
     writing of the amount of Defaulted Interest proposed to be paid on each
     Debt Security of such series, the date of the proposed payment and the
     Special Record Date therefor, which shall be not more than 15 days and not
     less than 10 days prior to the date of the proposed payment and not less
     then 10 days after the receipt by the Trustee of the notice of the proposed
     payment. At the same time, the Company shall deposit with the Trustee an
     amount of money equal to the aggregate amount proposed to be paid in
     respect of such Defaulted Interest or shall make arrangements satisfactory
     to the Trustee for such deposit prior to the date of the proposed payment,
     such money when deposited to be held in trust for the benefit of the
     Persons entitled to such Defaulted Interest as in this Clause provided.
     Unless the Trustee is acting as the Security Registrar, promptly after such
     Special Record Date the Company shall furnish the Trustee a list, or shall
     make arrangements satisfactory to the Trustee with respect thereto, of the
     names and addresses of, and principal amounts of Debt Securities held by,
     the Holders appearing on the Security Register at the close of business on
     such Special Record Date. In the name and at the expense of the Company,
     the Trustee shall cause notice of the proposed payment of such Defaulted
     Interest and the Special Record Date therefor to be mailed, first-class
     postage prepaid, to each Holder of Debt Securities of such series at his
     address as it appears in the Security Register, not less than 10 days prior
     to such Special Record Date.

                                       21
<PAGE>

     Notice of the proposed payment of such Defaulted Interest and the Special
     Record Date therefor having been mailed as aforesaid, such Defaulted
     Interest shall be paid to the Persons in whose names the Debt Securities of
     such series (or their respective Predecessor Securities) are registered on
     such Special Record Date and shall no longer be payable pursuant to the
     following Clause (2).

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

     Subject to the foregoing provisions of this Section 307, each Debt Security
delivered under this Indenture upon transfer of or in exchange for or in lieu of
any other Debt Security shall carry the rights to interest accrued and unpaid,
and to accrue, which were carried by such other Debt Security.

SECTION 308. Persons Deemed Owners.

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

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

SECTION 309. Cancellation.

     All Debt Securities surrendered for payment, redemption, transfer or
exchange shall, if surrendered to any Person other than the Trustee, be
delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities
previously authenticated and delivered hereunder which the Company may have
acquired in

                                       22
<PAGE>

any manner whatsoever, and all Debt Securities so delivered shall be promptly
cancelled by the Trustee. Acquisition by the Company of any Debt Security shall
not operate as a redemption or satisfaction of the indebtedness represented by
such Debt Securities unless and until the same is delivered to the Trustee for
cancellation. No Debt Securities shall be authenticated in lieu of or in
exchange for any Debt Securities cancelled as provided in this Section, except
as expressly permitted in this Indenture. All cancelled Debt Securities held by
the Trustee may be destroyed, and the Trustee shall certify to the Company any
destruction thereof, unless, by a Company Order, the Company shall direct that
cancelled Debt Securities be returned to it.

SECTION 310. Computation of Interest.

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

SECTION 311. Payment in Currencies.

     (a) Payment of the principal of (and premium, if any) and interest on the
Debt Securities of any series shall be made in the currency or currencies
specified pursuant to Section 301; provided that, if so specified in the manner
provided in Section 301, the Holder of a Debt Security of such series may elect
to receive such payment in any one of (i) Dollars and (ii) any other currency
designated for such purpose pursuant to Section 301. A Holder may make such
election by delivering to the Trustee a written notice thereof, substantially in
the form attached hereto as Exhibit A or in such other form as may be acceptable
to the Trustee, not later than the close of business on the Regular or Special
Record Date immediately preceding the applicable Interest Payment Date or the
fifteenth day immediately preceding Maturity, as the case may be, with respect
to Debt Securities of such series. Such election shall remain in effect with
respect to such Holder until such Holder delivers to the Trustee a written
notice substantially in the form attached hereto as Exhibit A or in such other
form as may be acceptable to the Trustee specifying a change in the currency in
which such payment is to be made; provided that any such notice must be
delivered to the Trustee not later than the close of business on the Regular or
Special Record Date immediately preceding the next Interest Payment Date or the
fifteenth day immediately preceding Maturity, as the case may be, with respect
to Debt Securities of such series in order to be effective for the payment to be
made thereon; and provided further that no such change in currency may be made
with respect to payments to be made on any Debt Security with respect to which
notice of redemption has been given by the Company pursuant to Section 402.

     (b) Except as otherwise specified in the manner contemplated by Section
301, the Trustee shall deliver to the Company, not later than the fourth

                                       23
<PAGE>

Business Day following each Regular or Special Record Date with respect to an
Interest Payment Date or the tenth Business Day immediately preceding Maturity,
as the case may be, with respect to a series of Debt Securities, a written
notice specifying, in the currency in which such series of Debt Securities is
denominated, the aggregate amount of the principal of (and premium, if any) and
interest on such series of Debt Securities to be paid on such payment date. If
payments in respect of such series of Debt Securities are designated to be made
in a currency other than the currency in which such series of Debt Securities is
denominated or if at least one Holder has made the election referred to in
Subsection (a) above with respect to such series of Debt Securities, then the
written notice referred to in the preceding sentence shall also specify, in each
currency in which payment in respect of such series of Debt Securities is to be
made pursuant to said Subsection (a), the amount of principal of (and premium,
if any) and interest on such series of Debt Securities to be paid in such
currency on such payment date.

     (c) The Company shall deliver to the Trustee, not later than the eighth
Business Day following each Regular or Special Record Date or the tenth day
immediately preceding Maturity, as the case may be, with respect to a series of
Debt Securities, an Exchange Rate Officer's Certificate in respect of the Dollar
or Foreign Currency payments to be made on such payment date in respect of such
Debt Securities. Except as otherwise specified in the manner contemplated by
Section 301, the amount receivable by Holders of a series of Debt Securities who
have elected payment in a currency other than the currency in which such series
of Debt Securities is denominated as provided in Subsection (a) above shall be
determined by the Company on the basis of the applicable Exchange Rate.

     (d) If the Foreign Currency in which a series of Debt Securities is
denominated ceases to be used both by the government of the country that issued
such currency and for the settlement of transactions by public institutions of
or within the international banking community, then, with respect to each date
for the payment of principal of (and premium, if any) and interest on such
series of Debt Securities occurring after the final date on which such Foreign
Currency was so used, all payments with respect to the Debt Securities of such
series shall be made in Dollars. If payment is to be made in Dollars to the
Holders of any such series of Debt Securities pursuant to the provisions of the
preceding sentence, then the amount to be paid in Dollars on a payment date by
the Company to the Trustee and by the Trustee or any Paying Agent to Holders
shall be determined by the Trustee as of the Regular or Special Record Date
immediately preceding the applicable Interest Payment Date or the fifteenth day
immediately preceding Maturity, as the case may be, with respect to Debt
Securities of such series, and shall be equal to the sum obtained by
translating the specified Foreign Currency into Dollars at the applicable
Exchange Rate on the last Record Date on which such Foreign Currency was so
used in either fashion; provided that payment to a Holder of a Debt Security of
such series shall be made

                                       24
<PAGE>

in a different Foreign Currency if that holder has properly elected or properly
elects payment in such Foreign Currency as provided for by Subsection (a) above.

     If a Holder of a Debt Security denominated in a composite currency has
elected payment in a specified Foreign Currency as provided for by Subsection
(a) above and such Foreign Currency ceases to be used both by the government of
the country that issued such currency and for the settlement of transactions by
public institutions of or within the international banking community, such
Holder shall, subject to Subsection (d)(ii) below, receive payment in such
composite currency; provided that such payment to such Holder shall be made in a
different Foreign Currency or in Dollars if that Holder has properly elected or
properly elects payments in such Foreign Currency or in Dollars as provided for
by Subsection (a) above.

          (ii) If the ECU ceases to be used both within the European Monetary
     System and for the settlement of transactions by public institutions of or
     within the European Communities, or if any other composite currency in
     which a Debt Security is denominated or payable ceases to be used for the
     purposes for which it was established, then, with respect to each date for
     the payment of principal of (and premium, if any) and interest on a series
     of Debt Securities denominated or payable in ECU or such other composite
     currency, as the case may be, occurring after the last date on which the
     ECU or such other composite currency, as the case may be, was so used (the
     "Conversion Date"), all payments in respect of the Debt Securities of such
     series shall be made in Dollars; provided that payment to a Holder of a
     Debt Security of such series shall be made in a Foreign Currency if that
     Holder has properly elected or properly elects payment in such Foreign
     Currency as provided for by Subsection (a) above.

     If payment in respect of Debt Securities of a series denominated in ECU or
any other composite currency is to be made in Dollars pursuant to the provisions
of the preceding paragraph, then the amount to be paid in Dollars on a payment
date by the Company to the Trustee and by the Trustee or any Paying Agent to
Holders shall be determined by the Trustee as of the Regular or Special Record
Date immediately preceding the applicable Interest Payment Date or the fifteenth
day immediately preceding Maturity, as the case may be, with respect to Debt
Securities of such series, and shall be equal to the sum of the amounts obtained
by translating each Component of such composite currency into Dollars at the
applicable Exchange Rate for such Component on such Record Date or fifteenth
day, as the case may be, multiplied by the number of ECU or units of such other
composite currency, as the case may be, that would have been so paid had the ECU
or such other composite currency, as the case may be, not ceased to be so used.
If payment is to be made in a Foreign Currency to a Holder of a Debt Security of
such series pursuant to the preceding paragraph, then the amount to be

                                       25
<PAGE>

paid in such Foreign Currency on a payment date by the Company to the Trustee
and by the Trustee or any Paying Agent to such Holder shall be determined by
the Trustee as of such Record Date or fifteenth day, as the case may be, and
shall be determined by (A) translating each Component of such composite
currency into Dollars at the applicable Exchange Rate for such Component on
such Record Date or fifteenth day, as the case may be, and (B) translating the
sum in Dollars so obtained into such Foreign Currency at the applicable
Exchange Rate for such Foreign Currency on such Record Date or fifteenth day,
as the case may be.

     All decisions and determinations of the Trustee regarding the translation
of Foreign Currency into Dollars or the translation of ECU or any other
composite currency into Dollars or the translation of Dollars into Foreign
Currency pursuant to this Subsection (d) shall, in the absence of manifest
error, be conclusive for all purposes and irrevocably binding upon the Company
and all Holders of the Debt Securities.

     If a Foreign Currency in which a series of Debt Securities is denominated
or in which payments in respect of Debt Securities of such series may be made
ceases to be used both by the government of the country that issued such
currency and for the settlement of transactions by public institutions of or
within the international banking community, the Company, in the event that it
learns thereof (without any duty to investigate), will immediately give notice
thereof to the Trustee (and the Trustee promptly thereafter will give notice to
the relevant Holders in the manner provided in Section 1406) specifying the last
date on which such Foreign Currency was so used in either fashion. In the event
the ECU ceases to be used both within the European Monetary System and for the
settlement of transactions by public institutions of or within the European
Communities, or any other composite currency in which a Debt Security is
denominated or payable ceases to be used for the purposes for which it was
established, the Company, upon learning thereof, will immediately give notice
thereof to the Trustee (and the Trustee promptly thereafter will give notice to
the relevant Holders in the manner provided in Section 1406) specifying the
Conversion Date with respect to the ECU or such other composite currency and the
Components of the ECU or such other composite currency on such Conversion Date.
In the event of any subsequent change in any such Component, the Company, upon
learning thereof, will give notice to the Trustee similarly. The Trustee shall
be fully justified and protected in relying and acting upon the information so
received by it from the Company and shall not otherwise have any duty or
obligation to determine such information independently.

                                       26
<PAGE>

                                  ARTICLE FOUR

                   REDEMPTION OF DEBT SECURITIES; SINKING FUND

SECTION 401. Applicability of Right of Redemption.

     Redemption of Debt Securities (other than pursuant to a sinking fund or
analogous provision) permitted by the terms of any series of Debt Securities
shall be made in accordance with such terms and the applicable provisions of
this Article; provided, however, that if any such terms of a series of Debt
Securities shall conflict with any provision of this Article, the terms of such
series shall govern.

SECTION 402. Notice of Redemption.

     If the Company shall elect to redeem the Debt Securities of any series in
whole or in part as aforesaid, it shall fix a date for redemption and give
notice of its election so to redeem by mailing written notice, postage prepaid,
at least 30 days but not more than 60 days before the Redemption Date, to each
Holder of Debt Securities to be redeemed as a whole or in part. Any notice which
shall be mailed in the manner herein provided shall be conclusively presumed to
have been duly given, whether or not the Holder shall receive such notice.
Failure to mail such notice, or any defect in the notice mailed, to the Holder
of any Debt Security designated for redemption as a whole or in part shall not
affect the validity of the proceedings for the redemption of any other Debt
Security.

     Each notice of redemption shall state such election to redeem on the part
of the Company, the Redemption Date, the Place or Places of Payment for the Debt
Securities to be redeemed and the Redemption Price and shall state further that
the Debt Securities designated in such notice for redemption are required to be
presented on or after such Redemption Date and at such Place or Places of
Payment and that interest to the Redemption Date on the Debt Securities called
for redemption will be paid as specified in said notice and shall cease to
accrue thereon on such date. If less than all Outstanding Debt Securities of a
series are to be redeemed, the notice shall also identify (and, in the case of
partial redemption, state the principal amounts of) the particular Debt
Securities that are to be redeemed. In case of partial redemption, the notice
shall state the portion of the principal amount thereof to be redeemed and shall
state that on and after the date fixed for redemption, upon surrender of such
Debt Security, a new Debt Security of the same series in aggregate principal
amount equal to the unredeemed portion thereof will be issued.

     Any notice of redemption of Debt Securities at the option of the Company
shall be given by the Company or, at the Company's request, by the Trustee in
the name and at the expense of the Company.

                                       27
<PAGE>

SECTION 403. Selection of Debt Securities on Partial Redemption.

     Except as otherwise specified in the manner contemplated by Section 301 for
the Debt Securities of any series, if the Company shall at any time elect to
redeem less than all the Debt Securities of such series then Outstanding, it
shall notify the Trustee of the principal amount of Debt Securities to be
redeemed before the mailing of the notice of redemption pursuant to Section 402,
and thereupon the Trustee shall select, in such manner as the Trustee shall deem
appropriate and fair and which may provide for the selection for redemption of
portions (equal to the minimum authorized denomination for Debt Securities of
such series or any integral multiple thereof that is also an authorized
denomination, but in no event shall such portion be less than $1,000) of the
principal amount of Debt Securities of such series of a denomination larger than
the minimum authorized denomination for Debt Securities of such series.

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

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

SECTION 404. Deposit of Redemption Price.

     On or prior to any Redemption Date, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 503) an amount of
money sufficient to pay the Redemption Price of, and (except if the Redemption
Date shall be an Interest Payment Date) accrued interest on, all the Debt
Securities or portions thereof which are to be redeemed on that date, in the
currency or currencies in which such Redemption Price shall be paid.

SECTION 405. Debt Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Debt Securities so
to be redeemed shall, on the Redemption Date specified in such notice, become
due and payable at the applicable Redemption Price, together with interest
accrued thereon to such Redemption Date, and from and after such Redemption Date
(unless the Company shall default in the payment of such Redemption Price or any
such accrued interest), interest on such Debt Securities shall cease to accrue.
Upon surrender of such Debt Securities for redemption in accordance with said
notice, such Debt Securities shall be paid by the Company at the applicable
Redemption Price, together with interest accrued to the

                                       28
<PAGE>

Redemption Date; provided, however, that instalments of interest whose Stated
Maturity is on or prior to the Redemption Date shall be payable to the Holders
of such Debt Securities, or one or more Predecessor Securities, registered as
such on the relevant Record Dates according to their terms and the provisions of
Section 307.

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

SECTION 406. Debt Securities Redeemed in Part.

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

SECTION 407. Applicability of Sinking Fund.

     Redemption of Debt Securities permitted or required pursuant to a sinking
fund for the retirement of Debt Securities of a series shall be made in
accordance with the applicable provisions of this Article, except as otherwise
specified in the manner contemplated by Section 301 for Debt Securities of such
series.

     The minimum amount of any sinking fund payment provided for by the terms of
Debt Securities of any series is herein referred to as a "Mandatory Sinking Fund
Payment", and any payment in excess of such minimum amount provided for by the
terms of Debt Securities of any series is herein referred to as an "Optional
Sinking Fund Payment". The cash amount of any Mandatory Sinking Fund Payment
shall be subject to reduction as provided in Section 408.

                                       29
<PAGE>

SECTION 408. Mandatory and Optional Sinking Funds.

     In lieu of making all or any part of any Mandatory Sinking Fund Payment
with respect to any series of Debt Securities in cash, the Company may at its
option (a) deliver to the Trustee Debt Securities of such series therefore
purchased or otherwise acquired (except upon redemption pursuant to the
mandatory sinking fund) by the Company or receive credit for Debt Securities of
such series (not previously so credited) theretofore purchased or otherwise
acquired (except as aforesaid) by the Company and delivered to the Trustee for
cancellation pursuant to Section 309, (b) receive credit for Optional Sinking
Fund Payments (not previously so credited) made pursuant to this Section 408,
or (c) receive credit for Debt Securities of such series (not previously so
credited) redeemed by the Company through any optional redemption provision
contained in the terms of such series. Debt Securities so delivered or credited
shall be received or credited by the Trustee at the sinking fund redemption
price specified in such Debt Securities.

     On or before the 45th day next preceding each sinking fund payment date for
any series, the Company will deliver to the Trustee an Officers' Certificate (a)
specifying the portion of the Mandatory Sinking Fund Payment to be satisfied by
credit of Debt Securities of such series, (b) stating that none of the Debt
Securities of such series has theretofore been so credited, (c) stating whether
or not the Company intends to exercise its right to make an Optional Sinking
Fund Payment with respect to such series and, if so, specifying the amount of
such Optional Sinking Fund Payment which the Company intends to pay on or before
the next succeeding sinking fund payment date and (d) specifying such sinking
fund payment date. Any Debt Securities of such series to be credited and
required to be delivered to the Trustee in order for the Company to be entitled
to credit therefor as aforesaid which have not theretofore been delivered to the
Trustee shall be delivered for cancellation pursuant to Section 309 to the
Trustee with such written statement (or reasonably promptly thereafter if
acceptable to the Trustee). Such written statement shall be irrevocable and upon
its receipt by the Trustee the Company shall become unconditionally obligated to
make all the cash payments or payments therein referred to, if any, on or before
the next succeeding sinking fund payment date. Failure of the Company, on or
before any such 45th day, to deliver such written statement and Debt Securities
specified in this paragraph, if any, shall not constitute a default but shall
constitute, on and as of such date, the irrevocable election of the Company (i)
that the Mandatory Sinking Fund Payment for such series due on the next
succeeding sinking fund payment date shall be paid entirely in cash without the
option to deliver or credit Debt Securities of such series in respect thereof
and (ii) that the Company will make no Optional Sinking Fund Payment with
respect to such series as provided in this Section 408.

                                       30
<PAGE>

SECTION 409. Application of Sinking Fund Payments.

     If a Mandatory Sinking Fund Payment or Optional Sinking Fund Payment made
in cash with respect to a particular series of Debt Securities, plus any unused
balance of any preceding sinking fund payments made in cash with respect to such
series, shall exceed $50,000 (or a lesser sum if the Company shall so request),
such funds shall be applied by the Trustee on the sinking fund payment date
provided for in the terms of a particular series of Debt Securities next
following the date of such payment, unless the date of such payment shall be a
sinking fund payment date, in which case such payment shall be applied on such
sinking fund payment date, to a redemption of Debt Securities of such series at
the Redemption Price specified therein. Not less than 45 days (unless a shorter
period shall be satisfactory to the Trustee) before each such sinking fund
payment date, the Trustee shall select, in the manner provided in Section 403,
for redemption on such sinking fund payment date, a sufficient principal amount
of Debt Securities of such series to absorb said funds, as nearly as may be, and
shall, at the expense and in the name of the Company, thereupon cause notice of
the redemption of such Debt Securities to be given in substantially the manner
provided in Section 402 for the redemption of Debt Securities in part at the
option of the Company, except that the notice of redemption shall also state
that such Debt Securities are being redeemed for the sinking fund. Any sinking
fund moneys not so applied by the Trustee to the redemption of Debt Securities
of such series shall be added to the next sinking fund payment received in funds
by the Trustee and, together with such payment, shall be applied in accordance
with the provisions of this Section 409. Any and all sinking fund moneys held by
the Trustee on the last sinking fund payment date with respect to Debt
Securities of such series, and not held for the payment or redemption of
particular Debt Securities of such series, shall be applied by the Trustee to
the payment of the principal of the Debt Securities of such series at Maturity.

     On or prior to each sinking fund payment date, the Company shall pay to the
Trustee a sum equal to all interest accrued to the date fixed for redemption on
Debt Securities to be redeemed on such sinking fund payment date pursuant to
this Section 409.

     The Trustee shall not redeem any Debt Securities of a series with sinking
fund moneys or mail any notice of redemption of Debt Securities of such series
by operation of the sinking fund during the continuance of any Event of Default
(other than an Event of Default occurring as a consequence of this paragraph) of
which the Trustee has actual knowledge, except that if the notice of redemption
of any Debt Securities of such series shall theretofore have been mailed in
accordance with the provisions hereof, the Trustee shall redeem such Debt
Securities if cash sufficient for the purpose shall be deposited with the
Trustee in accordance with the terms of this Article Four. Except as aforesaid,
any moneys in the sinking fund at the time any such Event of Default shall occur
and

                                       31
<PAGE>

any moneys thereafter paid into the sinking fund shall, during the continuation
of such Event of Default, be held as security for the payment of all the Debt
Securities of such series; provided, however, that in case such Event of Default
shall have been cured or waived as provided herein, such moneys shall thereafter
be applied on the next sinking fund payment date on which such moneys are
required to be applied pursuant to the provisions of this Section 409.

                                  ARTICLE FIVE

                       PARTICULAR COVENANTS OF THE COMPANY

SECTION 501. To Pay Principal, Premium, If Any, and Interest.

     The Company covenants and agrees for the benefit of each series of Debt
Securities that it will duly and punctually pay the principal of (and premium,
if any) and interest on the Debt Securities of such series in accordance with
the terms of the Debt Securities of such series and this Indenture.

     The Company shall pay interest on overdue principal of a Debt Security of
any series at the rate of interest prescribed therefor in such Debt Security
and, to the extent lawful, it shall pay interest on overdue instalments of
interest at the same rate.

SECTION 502. To Maintain Offices or Agencies.

     As long as any of the Debt Securities shall remain outstanding, the Company
will maintain or will cause to be maintained, in each Place of Payment for any
series of Debt Securities, one or more offices or agencies where Debt Securities
of such series may be presented or surrendered for payment, exchange and
registration of transfer as in this Indenture provided and where notices and
demands to or upon the Company in respect of this Indenture and of the Debt
Securities of such series may be served. The Company will from time to time give
written notice to the Trustee of the location of any such office or agency and
of any change in the location thereof. In case the Company shall fail to
maintain any such office or agency or to give such notice of its location or of
any change in the location thereof, presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee. The
Company hereby initially appoints the Corporate Trust Office of the Trustee as
its office or agency for all the above purposes.

SECTION 503. Money for Debt Security Payments To Be Held in Trust.

     If the Company shall at any time act as its own Paying Agent with respect
to any series of Debt Securities, then, on or before each date on which the
principal of (and premium, if any) or interest on any of the Debt Securities of
that series shall become payable, by their terms or as a result of the calling
thereof for redemption, the Company will set apart and segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay
such principal (and premium, if any) or interest which shall have become so
payable until such sums shall be paid to such Persons or otherwise disposed of
as herein provided, and will notify the Trustee of its action or failure so to
act and of any failure by any other obligor upon the Debt Securities of that
series to make any such payment.

                  If the Company shall appoint and at the time have a Paying
Agent for the payment of the principal of (and premium, if any) or interest on
any series of Debt Securities, then, on or before the date on which the
principal of (and premium, if any) or interest on any of the Debt Securities of
that

                                       32
<PAGE>

series shall become payable as aforesaid, the Company will pay to such Paying
Agent a sum sufficient to pay such principal (and premium, if any) or interest,
to be held in trust for the benefit of the Persons entitled thereto, and (unless
such Paying Agent is the Trustee) the Company will notify the Trustee of its
action or failure so to act.

     If such Paying Agent shall be other than the Trustee, the Company will
cause such Paying Agent to execute and deliver to the Trustee an instrument in
which such Paying Agent shall agree with the Trustee, subject to the provisions
of this Section 503, (1) that such Paying Agent shall hold all sums held by it
for the payment of the principal of (and premium, if any) or interest on the
Debt Securities of that series in trust for the benefit of the Persons entitled
thereto until such sums shall be paid to such Persons or otherwise disposed of
as herein provided; (2) that such Paying Agent shall give the Trustee notice of
any default by the Company or any other obligor upon the Debt Securities of that
series in the making of any payment of the principal of (and premium, if any) or
interest on the Debt Securities of that series when the same shall have become
due and payable; and (3) that such Paying Agent shall, at any time during the
continuance of any such default, upon the written request of the Trustee, pay to
the Trustee all sums so held in trust by it.

     Anything in this Section 503 to the contrary notwithstanding, the Company
may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other reason, pay or cause to be paid to the Trustee
all sums held in trust by it or by any Paying Agent (other than the Trustee) as
required by this Section 503, such sums to be held by the Trustee upon the same
trusts as those upon which such sums were held by the Company or such Paying
Agent.

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of (and premium, if any)
or interest on any Debt Securities of any series and remaining unclaimed for two
years after such principal (and premium, if any) or interest has

                                       33
<PAGE>

become due and payable shall be paid to the Company on Company Request, or (if
then held by the Company) shall be discharged from such trust; and the Holder of
such Debt Security shall thereafter, as an unsecured general creditor, look only
to the Company for payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money, and all liability of the Company
as trustee thereof, shall thereupon cease.

SECTION 504. Restrictions on Liens Upon Voting Stock of Significant
             Subsidiaries.

     (a) The Company will not, and will not permit any Subsidiary to, incur,
issue, assume or guarantee any Indebtedness if such Indebtedness is secured by a
pledge of, lien on, or security interest in any shares of Voting Stock of any
Significant Subsidiary, whether such Voting Stock is now owned or shall
hereafter be acquired, without effectively providing that the Debt Securities
(together with, if the Company shall so determine, any other indebtedness or
obligations of the Company or any Subsidiary ranking equally with such Debt
Securities and then existing or thereafter created) shall be secured equally and
ratably with such Indebtedness. For the purposes of the foregoing, pledging,
placing a lien on or creating a security interest in any shares of Voting Stock
of a Significant Subsidiary in order to secure then outstanding Indebtedness of
the Company or any Subsidiary shall be deemed to be the incurrence, issuance,
assumption or guarantee (as the case may be) of such Indebtedness, but the
foregoing shall not apply to Indebtedness secured by a pledge of, lien on or
security interest in any shares of Voting Stock of any corporation at the time
it becomes a Significant Subsidiary, including extensions, renewals and
replacements of such Indebtedness without increase in the amount thereof.

     (b) For the purposes of Subsection (a) of this Section 504, the term
"Voting Stock" shall mean capital stock the holders of which have general voting
power under ordinary circumstances to elect at least a majority of the board of
directors of a corporation; provided that, for the purposes hereof, capital
stock which carries only the right to vote conditioned on the occurrence of an
event shall not be considered voting stock whether or not such event shall have
occurred.

     (c) For the purposes of Subsection (a) of this Section 504, the term
"Significant Subsidiary" shall mean a Subsidiary, including its Subsidiaries,
which meets any of the following conditions:

          (1) The Company's and its other Subsidiaries' investments in and
     advances to the Subsidiary exceed 10 percent of the total assets of the
     Company and its Subsidiaries consolidated as of the end of the most
     recently completed fiscal year;

                                       34
<PAGE>

          (2) The Company's and its other Subsidiaries' proportionate share of
     the total assets (after inter-company eliminations) of the Subsidiary
     exceeds 10 percent of the total assets of the Company and its Subsidiaries
     consolidated as of the end of the most recently completed fiscal year; or

          (3) The Company's and its other Subsidiaries' equity in the income
     from continuing operations before income taxes, extraordinary items and
     cumulative effect of a change in accounting principles of the Subsidiary
     exceeds 10 percent of such income of the Company and its Subsidiaries
     consolidated for the most recently completed fiscal year.

     (d) For the purposes of making the prescribed income test in clause (3) of
Subsection (c) of this Section 504, the following shall be applicable:

          (1) When a loss has been incurred by either the Company and its
     Subsidiaries consolidated or the tested Subsidiary, but not both, the
     equity in the income or loss of the tested Subsidiary shall be excluded
     from the income of the Company and its Subsidiaries consolidated for
     purposes of the computation; and

          (2) If income of the Company and its Subsidiaries consolidated for the
     most recent fiscal year is at least 10 percent lower than the average of
     the income for the last five fiscal years, such average income shall be
     substituted for purposes of the computation. Any loss years shall be
     omitted for purposes of computing average income.

SECTION 505. Restrictions on Consolidation, Merger, Sale, Etc.

     The Company shall not consolidate with any other corporation or accept a
merger of any other corporation into the Company or permit the Company to be
merged into any other corporation, or sell other than for cash or lease all or
substantially all its assets to another corporation, or purchase all or
substantially all the assets of another corporation, unless (a) either the
Company shall be the continuing corporation, or the successor, transferee or
lessee corporation (if other than the Company) shall expressly assume, by
indenture supplemental hereto satisfactory to the Trustee, executed and
delivered by such corporation prior to or simultaneously with such
consolidation, merger, sale or lease, the due and punctual payment of the
principal of (and premium, if any) and interest on all the Debt Securities,
according to their tenor, and the due and punctual performance and observance
of all the covenants and conditions of this Indenture to be performed or
observed by the Company, and (b) immediately after

                                       35
<PAGE>

giving effect to such consolidation, merger, sale, lease or purchase the Company
or the successor, transferee or lessee corporation (if any other than the
Company) would not be in default in the performance of any covenant or condition
of this Indenture. A purchase by a Subsidiary of all or substantially all of the
assets of another corporation shall not be deemed to be a purchase of such
assets by the Company.

SECTION 506. Annual Statement Concerning Compliance With Covenants.

     The Company will deliver to the Trustee, within 120 days after the end of
each fiscal year, a written statement signed by the Chairman of the Board of
Directors, the President, any Vice President or the Treasurer of the Company,
stating that:

     (a) a review of the activities of the Company during such year with regard
to its compliance with this Indenture has been made under such officer's
supervision; and

     (b) to the best of such officer's knowledge, based on such review, the
Company has fulfilled all its obligations under this Indenture throughout such
year, or, if there has been a default in the fulfillment of any such obligation,
specifying each such default known to such officer and the nature and status
thereof.

SECTION 507. Compliance With Covenants and Conditions May Be Waived By Holders
             of Debt Securities.

     Anything in this Indenture to the contrary notwithstanding, the Company or
any Subsidiary may fail or omit in any particular instance to comply with a
covenant or condition set forth in Section 504 or Section 505 with respect to
any series of Debt Securities if the Company shall have obtained and filed with
the Trustee, prior to the time for such compliance, evidence (as provided in
Article Seven) of the consent of the Holders of at least a majority in aggregate
principal amount of the Debt Securities of such series at the time Outstanding,
either waiving such compliance in such instance or generally waiving compliance
with such covenant or condition, but no such waiver shall extend to or affect
any obligation not waived by the terms of such waiver or impair any right
consequent thereon.

                                       36
<PAGE>

                                  ARTICLE SIX

                                    REMEDIES

SECTION 601. Events of Default.

     Except where otherwise indicated by the context or where the term is
otherwise defined for a specific purpose, the term "Event of Default" as used in
this Indenture with respect to Debt Securities of any series shall mean one of
the following described events unless it is either inapplicable to a particular
series or it is specifically deleted or modified in the supplemental indenture,
if any, under which such series of Debt Securities is issued:

     (a) the failure of the Company to pay any instalment of interest on any
Debt Security of such series, when and as the same shall become due and payable,
which failure shall have continued unremedied for a period of 30 days;

     (b) the failure of the Company to pay the principal or premium, if any, on
any Debt Security of such series, when and as the same shall become payable,
whether at maturity as therein expressed, by call for redemption (otherwise than
pursuant to a sinking fund), by declaration as authorized by this Indenture or
otherwise;

     (c) the failure of the Company to pay a sinking fund instalment, if any,
when and as the same shall become due and payable by the terms of a Debt
Security of such series, which failure shall have continued unremedied for a
period of 30 days;

     (d) the failure of the Company, subject to the provisions of Section 507,
to observe and perform any other of the covenants or agreements on the part of
the Company contained in this Indenture (including any indenture supplemental
hereto), other than a covenant or agreement which has been expressly included in
this Indenture solely for the benefit of a series of Debt Securities other than
that series, which failure shall not have been remedied to the satisfaction of
the Trustee, or without provision deemed by the Trustee to be adequate for the
remedying thereof having been made, for a period of 90 days after written notice
shall have been given to the Company by the Trustee or shall have been given to
the Company and the Trustee by Holders of 25% or more in aggregate principal
amount of the Debt Securities of such series then Outstanding, specifying such
failure and requiring the Company to remedy the same;

     (e) the entry by a court having jurisdiction in the premises of a decree or
order for relief in respect of the Company in an involuntary case under the
Federal bankruptcy laws, as now or hereafter constituted, or any other
applicable Federal or State bankruptcy, insolvency or other similar law now or
hereafter in effect, or appointing a receiver, liquidator, assignee, custodian,
trustee

                                       37
<PAGE>

or sequestrator (or similar official) of the Company or for substantially all of
its property, or ordering the winding-up or liquidation of the Company's
affairs, and such decree or order shall remain unstayed and in effect for a
period of 90 consecutive days;

     (f) the commencement by the Company of a voluntary case under the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or State bankruptcy, insolvency or other similar law now or hereafter in
effect, or the consent by the Company to the entry of an order for relief in an
involuntary case under any such law, or the consent by the Company to the
appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian or sequestrator (or similar official) of the Company or for
substantially all of its property, or the making by it of an assignment for the
benefit of creditors; or

     (g) the occurrence of any other event of default with respect to the Debt
Securities of such series as provided in a supplemental indenture applicable to
such series of Debt Securities or a Board Resolution pursuant to which such
series of Debt Securities is established.

SECTION 602. Acceleration of Maturity on Default; Waiver.

     If any one or more Events of Default shall happen with respect to Debt
Securities of any series at the time Outstanding, then, and in each and every
such case, during the continuance of any such Event of Default, the Trustee or
the Holders of 25% or more in aggregate principal amount of the Debt Securities
of such series then Outstanding may, and upon the written request of the
Holders of a majority in aggregate principal amount of such Debt Securities
then Outstanding the Trustee shall, declare the principal amount (or, if the
Debt Securities of that series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of that
series) of and all accrued but unpaid interest (if any) on all the Debt
Securities of such series then Outstanding, if not then due and payable, to be
due and payable, and upon any such declaration the same shall become and be
immediately due and payable, anything contained in this Indenture or in the
Debt Securities of such series to the contrary notwithstanding; provided that
no Event of Default with respect to Debt Securities of a series, except with
respect to an Event of Default under Subsections (e) and (f) of Section 601,
shall constitute an Event of Default with respect to Debt Securities of any
other series. The foregoing provision, however, is subject to the condition
that, if at any time after the principal amount (or specified amount) of and
all accrued but unpaid interest (if any) on all the Debt Securities of such
series shall have been so declared to be due and payable, all arrears of
interest, if any, upon all the Debt Securities of such series (with interest,
to the extent that interest thereon shall be legally enforceable, on any
overdue instalment of interest at the rate borne by the Debt Securities of such
series) and all amounts

                                       38
<PAGE>

owed to the Trustee and any predecessor trustee hereunder under Section 1001(a)
and all other sums payable under this Indenture (except the principal of the
Debt Securities of such series which would not be due and payable were it not
for such declaration), shall be paid by the Company, and every other default and
Event of Default under this Indenture shall have been cured to the reasonable
satisfaction of the Holders of a majority in aggregate principal amount of the
Debt Securities of such series then Outstanding, or provision deemed by such
Holders to be adequate therefor shall have been made, then and in every such
case the Holders of a majority in aggregate principal amount of the Debt
Securities of such series then Outstanding may, on behalf of the Holders of all
the Debt Securities of such series, waive the Event of Default by reason of
which the principal of the Debt Securities of such series shall have been so
declared to be due and payable and may rescind and annul such declaration and
its consequences; but no such waiver, recission or annulment shall extend to or
affect any subsequent default or Event of Default or impair any right consequent
thereon. Any declaration by the Trustee pursuant to this Section 602 shall be by
written notice to the Company, and any declaration or waiver by the Holders of
Debt Securities of any series pursuant to this Section 602 shall be by written
notice to the Company and the Trustee.

SECTION 603. Collection of Amounts Due and Suits for Enforcement by Trustee.

     If the Company shall fail for a period of 30 days to pay any instalment of
interest on the Debt Securities of any series, or shall fail to pay the
principal of and premium, if any, on any of the Debt Securities of such series
when and as the same shall become due and payable, whether at maturity, or by
call for redemption (otherwise than pursuant to a sinking fund), by declaration
as authorized by this Indenture or otherwise, or shall fail for a period of 30
days to make any sinking fund payment as to a series of Debt Securities, then,
upon demand of the Trustee, the Company will pay to the Trustee for the benefit
of the Holders of the Debt Securities of such series then Outstanding the whole
amount which then shall have become due and payable on all the Debt Securities
of such series, with interest on the overdue principal and premium, if any, and
(so far as the same may be legally enforceable) on the overdue instalments of
interest at the rate borne by the Debt Securities of such series, and all
amounts owed to the Trustee and any predecessor trustee hereunder under Section
1001(a).

     Until such demand is made by the Trustee, the Company may pay the principal
of and interest on the Debt Securities of any series to the Holders, whether or
not the principal of and interest on the Debt Securities of such series be
overdue.

     In case the Company fails forthwith to pay such amounts upon such demand,
the Trustee, in its own name and as trustee of an express trust, shall be
entitled and empowered to institute any action or proceeding at law or in equity

                                       39
<PAGE>

for the collection of the sums so due and unpaid, and may prosecute any such
action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor upon the Debt
Securities of such series, and collect the moneys adjudged or decreed to be
payable out of the property of the Company or any other obligor upon the Debt
Securities of such series, wherever situated, in the manner provided by law.
Every recovery of judgment in any such action or other proceeding, subject to
the payment to the Trustee of all amounts owed to the Trustee and any
predecessor trustee hereunder under Section 1001(a), shall be for the ratable
benefit of the Holders of such series of Debt Securities which shall be the
subject of such action or proceeding. All rights of action upon or under any of
the Debt Securities or this Indenture may be enforced by the Trustee with out
the possession of any of the Debt Securities and without the production of any
thereof at any trial or any proceeding relative thereto.

SECTION 604. Trustee Appointed Attorney-in-Fact for Holders to File Claims.

     The Trustee is hereby appointed, and each and every Holder, by receiving
and holding Debt Securities, shall be conclusively deemed to have appointed the
Trustee, the true and lawful attorney-in-fact of such Holder, with authority to
make or file (whether or not the Company shall be in default in respect of the
payment of the principal of (and premium, if any) or interest on any of the Debt
Securities), in its own name and as trustee of an express trust or otherwise as
it shall deem advisable, in any receivership, insolvency, liquidation,
bankruptcy, reorganization or other judicial proceeding relative to the Company
or any other obligor upon the Debt Securities or to their respective creditors
or property, any and all claims, proofs of claim, proofs of debt, petitions,
consents, other papers and documents and amendments of any thereof, as may be
necessary or advisable in order to have the claims of the Trustee and any
predecessor trustee hereunder and of the Holders allowed in any such proceeding
and to collect and receive any moneys or other property payable or deliverable
on any such claim, and to execute and deliver any and all other papers and
documents and to do and perform any and all other acts and things, as it may
deem necessary or advisable in order to enforce in any such proceeding any of
the claims of the Trustee and any predecessor trustee hereunder and any of the
Holders, and any receiver, assignee, trustee, custodian or debtor in any such
proceeding is hereby authorized, and each and every holder, by receiving and
holding Debt Securities, shall be conclusively deemed to have authorized any
such receiver, assignee, trustee, custodian or debtor to make any such payment
or delivery only to or on the order of the Trustee, and to pay to the Trustee
any amount due it and any predecessor trustee hereunder under Section 1001(a);
provided, however, that nothing herein contained shall be deemed to authorize or
empower the Trustee to consent to or accept or adopt, on behalf of any Holder,
any plan of reorganization or readjustment of the Company affecting the Debt
Securities or the rights of any

                                       40
<PAGE>

Holder thereof, or to authorize or empower the Trustee to vote in respect of the
claim of any Holder in any such proceeding.

SECTION 605. Application of Moneys Collected by Trustee.

     Any moneys collected by the Trustee with respect to a series of Debt
Securities under this Article Six shall be applied in the following order, at
the date or dates fixed by the Trustee and, in the case of the distribution of
such moneys on account of principal (or premium, if any) or interest, upon
presentation of the Debt Securities and the notation thereon of the payment, if
only partially paid, and upon surrender thereof, if fully paid:

          First: To the payment of all amounts due to the Trustee and any
     predecessor trustee hereunder under Section 1001(a);

          Second: In case the principal of the Outstanding Debt Securities of
     such series shall not have become due and be unpaid, to the payment of
     interest on the Debt Securities of such series, in the order of the
     Maturity of the instalments of such interest, with interest (to the extent
     that such interest is legally enforceable and has been collected by the
     Trustee) upon the overdue instalments of interest at the rate borne by such
     Debt Securities, such payments to be made ratably to the Persons entitled
     thereto;

          Third: In case the principal of the Outstanding Debt Securities of
     such series shall have become due and payable, by declaration or otherwise,
     to the payment of the whole amount then owing and unpaid upon the Debt
     Securities of such series for principal (and premium, if any) and interest,
     with interest on the overdue principal and premium, if any, and (to the
     extent that such interest is legally enforceable and has been collected by
     the Trustee) upon overdue instalments of interest at the rate borne by the
     Debt Securities of such series, and in case such moneys shall be
     insufficient to pay in full the whole amounts so due and unpaid upon the
     Debt Securities of such series, then to the payment of such principal (and
     premium, if any) and interest without preference or priority of principal
     and premium, if any, over interest, or of interest over principal and
     premium, if any, or of any instalment of interest over any other instalment
     of interest, or of any Debt Security of such series over any other Debt
     Security of such series, ratably according to the aggregate amounts of such
     principal (and premium, if any) and accrued and unpaid interest. The
     Holders of each series of Debt Securities denominated in ECU, any other
     composite currency or a Foreign Currency shall be entitled to receive a
     ratable portion of the amount determined by the Trustee by converting the
     principal amount Outstanding of such series of Debt Securities and matured
     but unpaid interest on such series of Debt

                                       41
<PAGE>

     Securities in the currency in which such series of Debt Securities is
     denominated into Dollars at the applicable Exchange Rate as of the date of
     declaration of acceleration of the Maturity of the Debt Securities (or, if
     there is no such Exchange Rate as of such date for the reasons specified in
     Section 311(d)(i), such Exchange Rate on the date specified in such
     Section).

     Any surplus then remaining shall be paid to the Company or to such other
Persons as shall be entitled to receive it.

SECTION 606. Holders May Direct Proceedings and Waive Defaults.

     The Holders of a majority in aggregate principal amount of the Outstanding
Debt Securities of any series shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee
hereunder, or of exercising any trust or power hereby conferred upon the Trustee
with respect to the Debt Securities of such series; provided, however, that,
subject to the provisions of Section 1001 and 1002, the Trustee shall have the
right to decline to follow any such direction if the Trustee, being advised by
counsel, determines that the action so directed may not lawfully be taken or
would be unduly prejudicial to Holders not joining in such direction or would
involve the Trustee in personal liability.

     Prior to any declaration accelerating the Maturity of the Debt Securities
of any series, the Holders of a majority in aggregate principal amount of the
Outstanding Debt Securities of such series may on behalf of the Holders of all
of the Debt Securities of such series waive any past default or Event of Default
hereunder and its consequences, except a default in the payment of the principal
of (and premium, if any) or interest on any Debt Security of such series. Upon
any such waiver the Company, the Trustee and the Holders of the Debt Securities
of such series shall be restored to their former positions and rights hereunder,
respectively, but no such waiver shall extend to any subsequent or other default
or Event of Default or impair any right consequent thereon. Whenever any default
or Event of Default hereunder shall have been waived as permitted by this
Section 606, said default or Event of Default shall for all purposes of the Debt
Securities of such series and this Indenture be deemed to have been cured and to
be not continuing.

SECTION 607. Limitations on Right of Holders to Institute Proceedings.

     No Holder of any Debt Security of any series shall have any right to
institute an action, suit or proceeding at law or in equity with respect to this
Indenture, or for the execution of any trust hereunder or for the appointment of
a receiver or for any other remedy hereunder, in each case with respect to an
Event of Default with respect to such series of Debt Securities, unless (1) such
Holder

                                       42
<PAGE>

previously shall have given to the Trustee written notice of the occurrence of
one or more Events of Default with respect to such series of Debt Securities;
(2) the Holders of 25% in aggregate principal amount of the Outstanding Debt
Securities of such series shall have requested the Trustee in writing to take
action in respect of the matter complained of; and (3) unless such Holder or
Holders have offered to the Trustee security and indemnity satisfactory to it
against the costs, expenses and liabilities to be incurred therein or thereby
and the Trustee, for 60 days after receipt of such notification, request and
offer of indemnity, shall have neglected or refused to institute any such
action, suit or proceeding, and such notification, request and offer of
indemnity are hereby declared in every such case to be conditions precedent to
any such action, suit or proceeding by any Holder of any Debt Security of such
series, it being understood and intended that no one or more of such Holders
shall have any right in any manner whatsoever by his or their action to enforce
any right hereunder, except in the manner herein provided, and that every
action, suit or proceeding at law or in equity shall be instituted, had and
maintained in the manner herein provided and for the equal benefit of all
Holders of the Outstanding Debt Securities of such series; provided, however,
that nothing contained in this Indenture or in the Debt Securities of such
series shall affect or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of (and premium, if any) and (subject to
Section 307) interest on the Debt Securities of such series to the respective
Holders of such Debt Securities at the Stated Maturity or Maturities expressed
in such Debt Securities, or affect or impair the right, which is also absolute
and unconditional, of such Holders to institute suit to enforce any such
payment.

SECTION 608. Assessment of Costs and Attorneys' Fees in Legal Proceedings.

     All parties to this Indenture agree, and each Holder of any Debt Security
by his acceptance thereof shall be deemed to have agreed, that any court may in
its discretion require, in any action, suit or proceeding for the enforcement of
any right or remedy under this Indenture, or in any action, suit or proceeding
against the Trustee for any action taken or omitted by it as Trustee, the filing
by any party litigant in such action, suit or proceeding of an undertaking to
pay the costs of such action, suit or proceeding, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys' fees,
against any party litigant in such action, suit or proceeding, having due regard
to the merits and good faith of the claims or defenses made by such party
litigant; provided, however, that the provisions of this Section 608 shall not
apply to any action, suit or proceeding instituted by the Trustee, to any
action, suit or proceeding instituted by any one or more Holders holding in the
aggregate more than 10% in principal amount of the Outstanding Debt Securities
of any series, or to any action, suit or proceeding instituted by any Holder for
the enforcement of the payment of the principal of (or premium, if any) or
interest on any of the Debt Securities of such

                                       43
<PAGE>

series, on or after the respective Stated Maturity or Maturities expressed in
such Debt Securities (or, in the case of redemption, on or after the Redemption
Date).

SECTION 609. Rights and Remedies Cumulative.

     No right or remedy herein conferred upon or reserved to the Trustee or to
the Holders is intended to be exclusive of any other right or rights or remedy
or remedies, and each and every right and remedy shall be cumulative and shall
be in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or by statute.

     No delay or omission of the Trustee or of any Holder to exercise any right
or remedy accruing upon any default or Event of Default shall impair any such
right or remedy or shall be construed to be a waiver of any such default or
Event of Default or an acquiescence therein, and every right and remedy given by
this Article Six to the Trustee and to the Holders, respectively, may be
exercised from time to time and as often as may be deemed expedient by the
Trustee or by the Holders, as the case may be.

     In case the Trustee or any Holder shall have proceeded to enforce any right
or remedy under this Indenture and the proceedings for the enforcement thereof
shall have been discontinued or abandoned because of waiver or for any other
reason or shall have been adjudicated adversely to the Trustee or to such
Holder, then and in every such case the Company, the Trustee and the Holders
shall be restored severally and respectively to their former positions and
rights hereunder, and thereafter all rights, remedies and powers of the Trustee
and the Holders shall continue as though no such proceedings had been taken,
except as to any matters so waived or adjudicated.

                                 ARTICLE SEVEN

                               ACTIONS BY HOLDERS

SECTION 701. Actions By Holders.

     Whenever in this Indenture it is provided that the Holders of a specified
percentage or a majority in aggregate principal amount of Outstanding Debt
Securities of any series may take any action (including the making of any demand
or request, the giving of any notice, consent or waiver or the taking of any
other action), such action may be taken by (a) a meeting of the Holders in
accordance with Article Eight or (b) by any instrument or instruments of a
substantially similar tenor executed and delivered by the requisite number of
Holders in accordance with the provisions of this Article Seven.

                                       44
<PAGE>

SECTION 702. Instruments.

     In order to be effective to take any action under this Article Seven, an
instrument shall (a) be in writing, (b) express the action to be taken, (c) be
executed by or on behalf of a Holder who is such (i) if such instruments have
been requested by the Company or the Trustee pursuant to a written notice mailed
to all Holders of the affected series, on the date such notice is mailed or (ii)
in any other case, on the date the first instrument expressing such action is
delivered to the Trustee, and (d) indicate the principal amount of Debt
Securities to which the instrument relates. Each such instrument must be duly
acknowledged or witnessed. If such instrument is executed by a Person other than
the Holder, then such instrument shall include, or be accompanied by proof
acceptable to the Trustee of, such Person's authority to execute the instrument.

     The ownership of Debt Securities shall be proved by the Security Register.
The Trustee may accept such other proof or may require such additional proof of
any other matter referred to in this Section 702 as it shall reasonably deem
appropriate or necessary.

SECTION 703. Determining Principal Amount of Outstanding Debt Securities.

     In determining whether the Holders of the requisite principal amount of
Outstanding Debt Securities have given any authorization, demand, direction,
request, notice, waiver or consent or taken any other action under this
Indenture, Debt Securities owned by the Company or any other obligor on the Debt
Securities or any Affiliate of the Company or such other obligor 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
authorization, demand, direction, request, notice, waiver, consent or action,
only Debt Securities which the Trustee knows are so owned shall be disregarded.
Debt Securities so owned which have been pledged in good faith may be regarded
as Outstanding for the purposes of this Section 703 if the pledgee shall
establish to the satisfaction of the Trustee the pledgee's right to vote such
Debt Securities and that the pledgee is not the Company or any other obligor
upon the Debt Securities or any Affiliate of the Company or such other obligor.
In case of a dispute as to such right, any decision by the Trustee taken upon
the advice of counsel shall be full protection to the Trustee.

     For purposes of determining the principal amount of Outstanding Debt
Securities of any series the Holders of which are required, requested or
permitted to give any request, demand, authorization, direction, notice,
consent, waiver or take any other action under this Indenture, (i) each Original
Issue Discount Security shall be deemed to have the principal amount determined
by the Trustee that could be declared to be due and payable pursuant to the
terms of such Original Issue Discount Security as of a date fixed by the Trustee
and (ii)

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each Debt Security denominated in a Foreign Currency or composite currency shall
be deemed to have the principal amount determined by the Trustee by translating
the principal amount of such Debt Security in the currency in which such Debt
Security is denominated into Dollars at the applicable Exchange Rate as of a
date fixed by the Trustee.

     Upon receipt of instruments representing the Holders of a sufficient amount
of Debt Securities to take the action stated thereon, the Trustee shall promptly
tabulate such instruments and deliver a report thereof to the Company.

SECTION 704. Revocation by Holders of Consents to Action.

     At any time prior to (but not after) the evidencing to the Trustee, as
provided in Section 701, of the taking of any action by the Holders of the
requisite proportion of Outstanding Debt Securities of any series, any Holder of
a Debt Security that is shown by the evidence to be included among the Debt
Securities whose Holders consented to such action may, by filing written notice
with the Trustee and upon proof of holding as provided in Section 702, revoke
such action so far as concerns such Debt Security. Except as aforesaid, any such
action taken by the Holder of any Debt Security shall be conclusive and binding
upon such Holder and upon all future Holders of the same Debt Security and the
Holder of every Debt Security issued upon the transfer thereof or in exchange
therefor or in lieu thereof, irrespective of whether or not any notation in
regard thereto is made upon such Debt Security or any Debt Security issued in
exchange or substitution therefor.

                                 ARTICLE EIGHT

                     MEETINGS OF HOLDERS OF DEBT SECURITIES

SECTION 801. Purposes of Meetings.

                  A meeting of Holders of any series or of all series may be
called at any time and from time to time pursuant to the provisions of this
Article Eight for any of the following purposes:

          (a) to give any notice to the Company or to the Trustee, or to give
     any directions to the Trustee, or to consent to the waiving of any default
     hereunder and its consequences, or to take any other action authorized to
     be taken by Holders pursuant to any of the provisions of Article Six;

          (b) to remove the Trustee and nominate a successor trustee pursuant to
     the provisions of Article Ten;

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<PAGE>

          (c) to consent to the execution of an indenture or indentures
     supplemental hereto pursuant to the provisions of Section 1302; or

          (d) to take any other action authorized to be taken by or on behalf of
     the Holders of any specified aggregate principal amount of the Debt
     Securities of any one or more or all series, as the case may be, under any
     other provision of this Indenture or under applicable law.

SECTION 802. Call of Meetings by Trustee.

     The Trustee may at any time, and shall upon receipt of a Board Resolution
or written requests by the Holders of at least 10% in aggregate principal amount
of the Outstanding Debt Securities of a series that may be affected by the
action proposed to be taken (such Board Resolution or written requests setting
forth in reasonable detail the action proposed to be taken at the meeting), call
a meeting of the Holders of the Debt Securities of all series that may be
affected by the action proposed to be taken. Such meeting shall be held at such
time and at such place as the Trustee shall determine. Notice of every meeting
of the Holders of Debt Securities of a series, setting forth the time and the
place of such meeting and in general terms the action proposed to be taken at
such meeting, shall be mailed to such Holders at their addresses as they shall
appear on the Security Register as of a record date determined by the Trustee in
its reasonable discretion. Such notice shall be mailed not less than 20 nor more
than 60 days prior to the date fixed for the meeting.

SECTION 803. Call of Meetings by Company or Holders.

     If a meeting of Holders has been duly requested by the Company or the
Holders pursuant to Section 802, and if the Trustee has not mailed the notice of
such meeting within 20 days after receipt of such request, then the Company or
such Holders may determine the time and the place for such meeting and may call
such meeting to take any action authorized in Section 801, by mailing notice
thereof as provided in Section 802.

SECTION 804. Qualifications For Voting.

     To be entitled to vote at any meeting of Holders, a Person shall (a) be a
Holder of one or more Debt Securities of a series affected by the action
proposed to be taken at such meeting as of the date of the mailing of notice of
such meeting or (b) be a Person appointed by an instrument in writing as proxy
by a Holder of one or more of such Debt Securities who was a Holder of such
Debt Securities as of the date of the mailing of notice of such meeting. The
only Persons who shall be entitled to be present or to speak at any meeting of
Holders shall be the Persons entitled to vote at such meeting and their counsel
and any

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<PAGE>

representatives of the Trustee and its counsel and any representatives of the
Company and its counsel.

SECTION 805. Regulation of Meetings.

     Notwithstanding any other provisions of this Indenture, the Trustee may
make such reasonable regulations as it may deem advisable for any meeting of
Holders, in regard to proof of the holding of Debt Securities and of the
appointment of proxies, and in regard to the appointment and duties of
inspectors of votes, the submission and examination of proxies, certificates and
other evidence of the right to vote, and such other matters concerning the
conduct of the meeting as it shall think fit.

     The Trustee shall, by an instrument in writing, appoint a temporary
chairman of the meeting, unless the meeting shall have been called by the
Company or by Holders as provided in Section 803, in which case the Company or
the Holders calling the meeting, as the case may be, shall in like manner
appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting shall be elected by majority vote of the meeting.

     Subject to the provisions of Section 703, at any meeting of Holders of the
Debt Securities of a series, each such Holder or such Holder's proxy shall be
entitled to one vote for each $1,000 principal amount (or the equivalent in ECU,
any other composite currency or a Foreign Currency) of Outstanding Debt
Securities of such series held or represented by him; provided, however, that no
vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairman of the meeting to be not
Outstanding. The chairman of the meeting shall have no right to vote other than
by virtue of Debt Securities of such series held by him or instruments in
writing as aforesaid duly designating him as the Person to vote on behalf of
other Holders of the Debt Securities of such series. At any meeting of Holders
duly called pursuant to the provisions of Section 802 or 803, the presence of
Persons holding or representing Debt Securities in an aggregate principal amount
sufficient to take action upon the business for the transaction of which such
meeting was called shall be necessary to constitute a quorum, and any such
meeting may be adjourned from time to time by a majority of those present,
whether or not constituting a quorum, and the meeting may be held as so
adjourned without further notice.

SECTION 806. Voting.

     The vote upon any resolution submitted to any meeting of the Holders of the
Debt Securities of a series shall be written ballots on which shall be
subscribed the signatures of such Holders or their representatives by proxy and
the principal amounts of such Debt Securities held or represented by them. The

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<PAGE>

permanent chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written
reports in duplicate of all votes cast at the meeting. A record in duplicate of
the proceedings of each meeting of Holders shall be prepared by the secretary of
the meeting and there shall be attached to said record the original reports of
the inspectors of votes by ballot taken thereat and affidavits by one or more
Persons having knowledge of the facts setting forth a copy of the notice of the
meeting and showing that said notice was mailed as provided in Section 802. The
record shall show the principal amounts of the Debt Securities voting in favor
of or against any resolution. The record shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one of the
duplicates shall be delivered to the Company and the other to the Trustee to be
preserved by the Trustee.

     Any record so signed and verified shall be conclusive evidence of the
matters therein stated.

SECTION 807. No Delay of Rights by Meeting.

     Nothing contained in this Article Eight shall be deemed or construed to
authorize or permit, by reason of any call of a meeting of Holders of the Debt
Securities of any series or by reason of any right expressly or impliedly
conferred hereunder to make any such call, any hindrance or delay in the
exercise of any right or rights or remedy or remedies conferred upon or reserved
to the Trustee or to such Holders under any of the provisions of this Indenture
or of such Debt Securities.

                                  ARTICLE NINE

             REPORTS BY THE COMPANY AND THE TRUSTEE; HOLDERS' LISTS

SECTION 901. Reports by Trustee.

          (a) Annual Report to Holders. On or before the first July 15 following
     the issuance of any series of Debt Securities and on or before July 15 in
     each year thereafter, the Trustee shall transmit to all Holders of such
     Debt Securities, as hereinafter provided, a brief report dated as of the
     preceding May 15 with respect to:

               (1) its eligibility and qualifications under Sections 1005 and
          1006 to serve as Trustee hereunder, or in lieu thereof, if to the best
          of its knowledge it has continued to be eligible and qualified under
          said Sections, a written statement to such effect;

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<PAGE>

               (2) the character and amount of any advances made by it, as
          Trustee, which remain unpaid on the date as of which such report is
          made and for the reimbursement of which it claims or may claim a lien
          or charge, prior to that of the Debt Securities of such series, on any
          property or funds held or collected by it as Trustee, if such advances
          so remaining unpaid aggregate more than 1/2 of 1% of the principal
          amount of the Outstanding Debt Securities of such series on the date
          as of which such report is made;

               (3) the amount, interest rate and maturity date of all other
          indebtedness owing to it in its individual capacity, on the date as of
          which such report is made, by the Company or any other obligor upon
          the Debt Securities of such series, with a brief description of any
          property held as collateral security therefor, except an indebtedness
          based upon a creditor relationship arising in any manner described in
          Section 1009(f)(2), 1009(f)(3), 1009(f)(4) or 1009(f)(6);

               (4) the property and funds, if any, physically in its possession
          as Trustee on the date as of which such report is made;

               (5) any additional issue of Debt Securities which it has not
          previously reported; and

               (6) any action taken by the Trustee in the performance of its
          duties under this Indenture which it has not previously reported and
          which in its opinion materially affects the Debt Securities, except
          action in respect of a default, notice of which has been or is to be
          withheld by the Trustee in accordance with the provisions of Section
          1003.

          (b) Special Reports to Holders. The Trustee shall transmit to all
     Holders of Debt Securities of any series, as hereinafter provided, a brief
     report with respect to the character and amount of any advances made by the
     Trustee (as such) since the date of the last report transmitted pursuant to
     the provisions of Subsection (a) above (or, if no such report has yet been
     transmitted, since the date of execution of this Indenture), for the
     reimbursement of which it claims or may claim a lien or charge, prior to
     that of the Debt Securities of such series, on property or funds held or
     collected by it as Trustee, and which it has not previously reported
     pursuant to this Subsection (b), except that the Trustee shall not be
     required (but may elect) to report such advances if such advances remaining
     unpaid at any time aggregate 10% or less of the principal

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<PAGE>

     amount of the Outstanding Debt Securities of such series at such time, such
     report to be so transmitted within 90 days after such time.

          (c) Manner and Extent of Transmitting Reports. Each report pursuant to
     the provisions of this Section 901 shall be transmitted by mail to all
     Holders of Debt Securities at their addresses as the same shall then appear
     on the Security Register.

          (d) Copies to be Filed with Commission and Securities Exchanges. The
     Trustee shall, at the time of the transmission to the Holders of the Debt
     Securities of any series of any report pursuant to the provisions of this
     Section 901, file a copy of such report with each securities exchange upon
     which any Debt Securities of such series are listed, with the Commission
     and also with the Company. The Company agrees to notify the Trustee when,
     as and if any Debt Securities become listed on any securities exchange.

     The Company will reimburse the Trustee for all expenses incurred in the
preparation and transmission of any report pursuant to the provisions of this
Section 901 and of Section 902.

SECTION 902. Reports by the Company.

          (a) Reports and Information to be Filed with Trustee. The Company will
     file with the Trustee, within 30 days after the Company shall be required
     so to file the same with the Commission, copies of the annual reports and
     of the information, documents and other reports which the Company may be
     required to file with the Commission pursuant to the provisions of Section
     13 or Section 15(d) of the Securities Exchange Act of 1934 (or copies of
     such portions of any of the foregoing as the Commission may by rules and
     regulations prescribe); or, if the Company is not required to file
     information, documents or reports pursuant to the provisions of either of
     such Sections, then the Company will file with the Trustee and the
     Commission, in accordance with rules and regulations prescribed by the
     Commission, such of the supplementary and periodic information, documents
     and reports which may be required pursuant to the provisions of Section 13
     of the Securities Exchange Act of 1934, in respect of a security listed and
     registered on a national securities exchange, as may be prescribed in such
     rules and regulations.

          (b) Additional Information to Be Filed with Trustee and Commission.
     The Company will file with the Trustee and the Commission, in accordance
     with rules and regulations prescribed by the Commission, such additional
     information, documents and reports with respect to compliance by the
     Company with the conditions and covenants

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<PAGE>

     provided for in this Indenture as may be required by such rules and
     regulations.

          (c) Reports to Holders. The Company will transmit to all Holders,
     within 30 days after the filing thereof with the Trustee (unless some other
     time shall be fixed by the Commission), in the manner and to the extent
     provided in Section 901(c), such summaries of any information, documents
     and reports required to be filed by the Company pursuant to the provisions
     of Subsections (a) and (b) above as may be required by rules and
     regulations prescribed from time to time by the Commission.

SECTION 903. Holders' Lists.

          (a) Names and Addresses of Holders. The Company covenants and agrees
     that it will furnish or cause to be furnished to the Trustee with respect
     to the Debt Securities of each series for which it acts as Trustee:

               (1) at least semiannually, within 10 days after each Regular
          Record Date with respect to such Debt Securities, a list in such form
          as the Trustee may reasonably require of the names and addresses of
          the Holders of such Debt Securities, as of such Record Date; and

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

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

          (b) Trustee to Preserve Information. The Trustee will preserve, in as
     current a form as is reasonably practicable, all information as to the
     names and addresses of Holders so furnished or caused to be furnished to it
     by the Company or received by it in its capacity as Paying Agent or
     Security Registrar. The Trustee may (1) destroy any information furnished
     to it as provided in Subsection (a) above upon receipt of new similar
     information so furnished to it; and (2) destroy any information received by
     it as Paying Agent or Security Registrar, but not until 45 days after a
     subsequent interest payment shall have been made.

          (c) Trustee to Furnish Certain Information to Holders on Request.
     Within five Business Days after receipt by the Trustee of a written
     application by any three or more Holders (hereinafter referred to as the
     "applicants") stating that such applicants desire to communicate with

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<PAGE>

     other Holders with respect to their rights under this Indenture or under
     the Debt Securities, and accompanied by a copy of the form of proxy or
     other communication which such applicants propose to transmit, and by
     reasonable proof that each such applicant has owned a Debt Security for a
     period of at least six months preceding the date of such application, the
     Trustee shall, at its election, either

               (1) afford to such applicants access to all information furnished
          to, or received by, and preserved by, the Trustee pursuant to the
          provisions of this Section 903; or

               (2) inform such applicants as to the approximate number of
          Holders according to the most recent information so furnished to, or
          received by, and preserved by, the Trustee, and as to the approximate
          cost of mailing to such Holders the form of proxy or other
          communication, if any, specified in such application.

     If the Trustee shall elect not to afford to such applicants access to such
     information, the Trustee shall, upon the written request of such
     applicants, mail to each Holder whose name and address are contained in the
     information so furnished to, or received by, and preserved by, the Trustee,
     a copy of the form of proxy or other communication which is specified in
     such request, with reasonable promptness after a tender to the Trustee of
     the material to be mailed and of payment, or provision for the payment, of
     the reasonable expenses of such mailing, unless, within five days after
     such tender, the Trustee shall mail to such applicants and file with the
     Commission, together with a copy of the material to be mailed, a written
     statement to the effect that, in the opinion of the Trustee, such mailing
     would be contrary to the best interests of the Holders or would be in
     violation of applicable law. Such written statement shall specify the basis
     of such opinion. If the Commission, after opportunity for a hearing upon
     the objections specified in the written statement so filed, shall enter an
     order refusing to sustain any of the objections specified in the written
     statement so filed, or if, after the entry of an order sustaining one or
     more of such objections, the Commission shall find, after notice and
     opportunity for hearing, that all objections so sustained have been met,
     and shall enter an order so declaring, the Trustee shall mail copies of
     such material to all such Holders with reasonable promptness after the
     entry of such order and the renewal of such tender; otherwise the Trustee
     shall be relieved of any obligation or duty to such applicants respecting
     their application.

          Each and every Holder of a Debt Security, by receiving and holding the
     same, agrees with the Company and the Trustee that none of the Company, the
     Trustee or any agent of either of them shall be held

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<PAGE>

     accountable by reason of the disclosure of any such information as to the
     names and addresses of the Holders in accordance with the provisions of
     this Subsection (c), regardless of the source from which such information
     was derived, and that the Trustee shall not be held accountable by reason
     of mailing any material pursuant to a request made under this Subsection
     (c).

                                  ARTICLE TEN

                             CONCERNING THE TRUSTEE

SECTION 1001. Acceptance of Trusts Upon Specified Conditions.

     The Trustee accepts the trusts created by this Indenture upon the terms and
conditions hereof, including the following, to all of which the parties hereto
and the Holders from time to time of the Debt Securities agree:

          (a) Trustee Entitled to Compensation and Expenses; Indemnification.
     The Trustee shall be entitled to such compensation as is agreed upon in
     writing for all services rendered by it hereunder (which compensation shall
     not be limited by any provision of law in regard to the compensation of a
     trustee of an express trust), and the Company agrees to pay such
     compensation, and all other reasonable expenses (including the fees of
     Trustee's counsel), disbursements and advances incurred or made by the
     Trustee hereunder, promptly on demand from time to time as such services
     shall be rendered and as such expenses shall be incurred. The Company also
     agrees to indemnify each of the Trustee and any predecessor trustee
     hereunder for, and to hold it or them harmless against, any loss, liability
     or expense incurred without its or their own negligence or bad faith,
     arising out of or in connection with the acceptance or administration of
     the trust or trusts hereunder and the performance of its or their duties,
     as well as the costs and expenses of defending itself or themselves against
     any claim or liability in connection with the exercise or performance of
     any of its or their powers or duties hereunder. As security for the
     performance of the obligations of the Company under this Subsection (a),
     the Trustee shall have a lien therefor on any moneys held by the Trustee
     hereunder prior to any rights therein of the Holders. Notwithstanding any
     provisions of this Indenture to the contrary, the obligations of the
     Company to indemnify the Trustee under this Section 1001(a) shall survive
     any satisfaction and discharge under Article Eleven.

          (b) Trustee May Act by Agents and Attorneys. The Trustee may execute
     any of the trusts or powers hereof and perform any duty hereunder either
     directly or by its agents and attorneys and shall not be

                                       54
<PAGE>

     responsible for any misconduct or negligence on the part of any agent or
     attorney appointed with due care by it hereunder.

          (c) Trustee Not Responsible for Recitals of Fact. The Trustee shall
     not be responsible in any manner whatsoever for the correctness of the
     recitals contained herein or in the Debt Securities (except its
     certificates of authentication thereon), all of which are made by the
     Company solely; and the Trustee shall not be responsible or accountable in
     any manner whatsoever for or with respect to the validity or execution or
     sufficiency of this Indenture or of the Debt Securities (except its
     certificates of authentication thereon), and the Trustee makes no
     representation with respect thereto. The Trustee shall not be accountable
     for the use or application by the Company of any Debt Securities, or the
     proceeds of any Debt Securities, authenticated and delivered by the Trustee
     in conformity with the provisions of this Indenture.

          (d) Trustee May Consult With Counsel. The Trustee may consult with
     counsel, and, to the extent permitted by Section 1002, any Opinion of
     Counsel shall be full and complete authorization and protection in respect
     of any action taken or suffered to be taken by the Trustee hereunder in
     good faith and in accordance with such Opinion of Counsel.

          (e) Trustee May Rely Upon Certificate as to Adoption of Resolutions;
     Requests May Be Evidenced by Officers' Certificate. The Trustee, to the
     extent permitted by Section 1002, may rely upon the certificate of the
     Secretary or one of the Assistant Secretaries of the Company as to the
     adoption of any resolution by the Board of Directors or stockholders of the
     Company, and any request, direction, order or demand of the Company
     mentioned herein shall be sufficiently evidenced by, and whenever in the
     administration of this Indenture the Trustee shall deem it desirable that a
     matter be proved or established prior to taking, offering or omitting any
     action hereunder, the Trustee may rely upon, an Officers' Certificate
     (unless other evidence in respect thereof be herein specifically
     prescribed).

          (f) Trustee May Become Owner or Pledgee of Debt Securities. The
     Trustee or any agent of the Trustee, in its individual or any other
     capacity, may become the owner or pledgee of Debt Securities and, subject
     to Sections 1006 and 1009, may otherwise deal with the Company with the
     same rights it would have had if it were not a Trustee or such agent.

          (g) Segregation of Funds. Money held by the Trustee in trust hereunder
     need not be segregated from other funds except to the extent required by
     law. The Trustee shall be under no liability for interest on any

                                       55
<PAGE>

     money received by it hereunder except as otherwise agreed with the Company.

          (h) Action at Request of or with Consent of Holder Binding on Future
     Holders. Any action taken by the Trustee pursuant to any provision hereof
     at the request or with the consent of any Person who at the time is the
     Holder of any Debt Security shall be conclusive and binding in respect of
     any such Debt Security upon all future Holders thereof or of any Debt
     Security or Securities that may be issued for or in lieu thereof in whole
     or in part, whether or not such Debt Security shall have noted thereon the
     fact that such request or consent had been made or given.

          (i) Trustee May Rely on Instruments Believed by It to Be Genuine.
     Subject to the provisions of Section 1002, the Trustee may rely and shall
     be protected in acting or refraining from acting upon any resolution,
     certificate, statement, instrument, opinion, report, notice, request,
     consent, order, approval, bond, debenture or other paper or document
     believed by it to be genuine and to have been signed or presented by the
     proper party or parties.

          (j) Trustee Need Not Exercise Rights or Powers Unless Indemnified by
     Holders. Subject to the provisions of Section 1002, the Trustee shall not
     be under any obligation to exercise any of the rights or powers vested in
     it by this Indenture at the request, order or direction of any Holders,
     pursuant to any provision of this Indenture, unless one or more Holders
     shall have offered to the Trustee reasonable security or indemnity against
     the costs, expenses and liabilities that may be incurred by it therein or
     thereby.

          (k) Trustee Not Liable for Action Taken or Omitted in Good Faith.
     Subject to the provisions of Section 1002, the Trustee shall not be liable
     for any action taken or omitted by it in good faith and believed by it to
     be authorized or within its discretion or within the rights or powers
     conferred upon it by this Indenture.

          (l) Trustee Not Bound to Make Investigation. Subject to the provisions
     of the first paragraph of Section 1002, 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 or other paper or document.

          (m) Trustee Not Deemed to Have Knowledge of Default. Subject to the
     provisions of Section 1002, the Trustee shall not be deemed

                                       56
<PAGE>

     to have knowledge or notice of any default or Event of Default unless a
     Responsible Officer of the Trustee has actual knowledge thereof or unless
     the Holders of not less than 25% of the Outstanding Debt Securities of any
     series notify the Trustee in writing thereof.

SECTION 1002. Duties of Trustee in Case of Default.

     If one or more Events of Default with respect to the Debt Securities of any
series shall have happened, then, during the continuance thereof, the Trustee
shall, with respect to the Debt Securities of such series, exercise such of the
rights and powers vested in it by this Indenture, and shall use the same degree
of care and skill in their exercise, as a prudent man would exercise or use
under the circumstances in the conduct of his own affairs.

     None of the provisions of this Indenture shall be construed as relieving
the Trustee from liability for its own negligent action, its own negligent
failure to act, or its own willful misconduct, except that, anything contained
in this Indenture to the contrary notwithstanding:

          (a) When No Default Subsisting. Unless and until an Event of Default
     with respect to the Debt Securities of any series shall have happened,
     which at the time is continuing,

               (1) the Trustee undertakes to perform such duties and only such
          duties with respect to the Debt Securities of that series as are
          specifically set out in this Indenture, and no implied covenants or
          obligations shall be read into this Indenture against the Trustee,
          whose duties and obligations shall be determined solely by the express
          provisions of this Indenture; and

               (2) the Trustee may conclusively rely, as to the truth of the
          statements and the correctness of the opinions expressed therein, in
          the absence of bad faith on the part of the Trustee, upon certificates
          and opinions furnished to it pursuant to the express provisions of
          this Indenture; but in the case of any such certificates or opinions
          which, by the provisions of this Indenture, are specifically required
          to be furnished to the Trustee, the Trustee shall be under a duty to
          examine the same to determine whether or not they conform to the
          requirements of this Indenture;

          (b) Trustee Not Liable for Error of Judgment Made in Good Faith by
     Responsible Officer. The Trustee shall not be liable to any Holder or to
     any other Person for error of judgment made in good faith by a Responsible
     Officer or Officers of the Trustee, unless it shall be proved that the
     Trustee was negligent in ascertaining the pertinent facts; and

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          (c) Trustee Not Liable for Certain Action or Non-Action at Direction
     of Holders of Majority of Debt Securities. The Trustee shall not be liable
     to any Holder or to any other Person with respect to any action taken or
     omitted to be taken by it in good faith, in accordance with the direction
     of Holders given as provided in Section 606, relating to the time, method
     and place of conducting any proceeding for any remedy available to it or
     exercising any trust or power conferred upon it by this Indenture.

     None of the provisions of this Indenture shall be construed as requiring
the Trustee to expend or risk its own funds or otherwise to incur any personal
financial liability in the performance of any of its duties hereunder or in the
exercise of any of its right or remedies, if there shall be reasonable grounds
for believing that repayment of such funds or adequate indemnity against such
risk or liability is not reasonably assured to it.

SECTION 1003. Notice to Holders of Defaults.

     Within 90 days after the occurrence thereof, the Trustee shall give to the
Holders of the Debt Securities of a series, as provided in Section 901(c),
notice of each default with respect to the Debt Securities of such series known
to the Trustee, unless such default shall have been cured before the giving of
such notice (the term "default" for the purposes of this Section 1003 being
hereby defined to be the events specified in Section 601, which are, or after
notice or lapse of time or both would become, Events of Default as defined in
said Section); but, unless such default be the failure to pay the principal of
(or premium, if any) or interest on any of the Debt Securities of such series
when and as the same shall become due and payable, or to make any sinking fund
payment as to Debt Securities of the same series, the Trustee shall be protected
in withholding such notice, if and so long as the board of directors, the
executive committee or a trust committee of directors or Responsible Officers of
the Trustee in good faith determines that the withholding of such notice is in
the interests of the Holders of the Debt Securities of such series.

SECTION 1004. Resignation of Trustee and Notice Thereof.

     The Trustee, or any successor to it hereafter appointed, may at any time
resign and be discharged of the trusts hereby created with respect to any one or
more or all series of Debt Securities by giving to the Company notice in writing
and by mailing notice thereof to the Holders of the Debt Securities of such
series at their addresses as the same shall then appear in the Security
Register. Such resignation shall take effect upon the appointment of a successor
Trustee and the acceptance of such appointment by such successor Trustee. Any
Trustee hereunder may be removed with respect to any series of Debt Securities
at any time by the Holders of a majority in aggregate principal amount of the

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Outstanding Debt Securities of such series, acting pursuant to the provisions of
Article Seven or Article Eight.

     Upon its resignation or removal, any Trustee shall be entitled to the
payment of reasonable compensation for the services rendered hereunder by such
Trustee and to the payment of all reasonable expenses incurred hereunder and all
moneys then due to it hereunder. The Trustee's rights to indemnification
provided in Section 1001(a) shall survive its resignation or removal.

SECTION 1005. Qualifications of Trustee.

     There shall at all times be a Trustee under this Indenture, and such
Trustee shall at all times be a corporation organized and doing business under
the laws of the United States or of any State, which is authorized under such
laws to exercise corporate trust powers and is subject to supervision or
examination by Federal or State authority and which has a combined capital and
surplus of not less than $10,000,000. For the purposes of this Section 1005, the
combined capital and surplus of any such Trustee shall be deemed to be the
combined capital and surplus as set forth in the most recent report of its
condition published by such Trustee; provided that such reports are published at
least annually, pursuant to law or to the requirements of a Federal or State
supervising or examining authority. If such Trustee or any successor shall at
any time cease to have the qualifications prescribed in this Section 1005, it
shall promptly resign as Trustee hereunder.

SECTION 1006. Disqualification of Trustee by Reason of Conflicting Interest.

          (a) Trustee to Resign. If the Trustee has or shall acquire any
     conflicting interest, as the term "conflicting interest" is defined in
     Subsection (d) below, with respect to the Debt Securities of any series,
     the Trustee shall, within 90 days after ascertaining that it has such
     conflicting interest, either eliminate such conflicting interest or resign
     with respect to the Debt Securities of that series, such resignation to
     become effective upon the appointment of a successor Trustee and the
     acceptance by such successor Trustee of such appointment. If the Trustee
     shall resign, the Company shall take prompt steps to have a successor
     appointed in the manner provided in Section 1007.

          (b) Notice to Holders of Failure to Resign. In the event that the
     Trustee shall fail to comply with the provisions of Subsection (a) above,
     the Trustee shall, within ten days after the expiration of such 90 day
     period, transmit notice of its failure in that regard to the Holders as
     provided in Section 901(c).

          (c) Right of Holders to Petition for Removal of Trustee. Subject to
     the provisions of Section 607, any Holder of a Debt Security of any series,
     who has been a bona fide Holder of a Debt Security of such

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     series for at least six months may, on behalf of himself and all others
     similarly situated, petition any court of competent jurisdiction for the
     removal of the Trustee with respect to the Debt Securities of that series
     and the appointment of a successor Trustee, if the Trustee shall fail,
     after written request therefor by such Holder, to comply with the
     provisions of Subsection (a) above.

          (d) Meaning of the Term "Conflicting Interest"; Calculation of
     Percentages of Debt Securities. For the purposes of this Section 1006, the
     Trustee shall be deemed to have a "conflicting interest" with respect to
     the Debt Securities of any series, if

               (1) the Trustee is trustee under this Indenture with respect to
          Outstanding Debt Securities of any series other than that series or is
          trustee under another indenture under which any other securities, or
          certificates of interest or participation in any other securities, of
          the Company are outstanding; provided, however, that there shall be
          excluded from the operation of this paragraph (1) this Indenture with
          respect to the Debt Securities of any series other than that series
          and any other indenture or indentures under which other securities or
          certificates of interest or participation in other securities of the
          Company are outstanding, if (i) this Indenture (with respect to the
          Debt Securities of that series and each other series for which the
          Trustee is trustee hereunder) and such other indenture or indentures
          are wholly unsecured, and such other indenture or indentures are
          hereafter qualified under the Trust Indenture Act, unless the
          Commission shall have found and declared by order pursuant to
          subsection (b) of Section 305 or subsection (c) of Section 307 of the
          Trust Indenture Act that differences exist between the provisions of
          this Indenture with respect to Debt Securities of that series and one
          or more other series or between provisions of this Indenture with
          respect to Debt Securities of that series and the provisions of such
          other indenture or indentures, which are so likely to involve a
          material conflict of interest as to make it necessary in the public
          interest or for the protection of investors to disqualify the Trustee
          from acting as trustee under this Indenture with respect to the Debt
          Securities of that series and such other series or under one of said
          other indentures; or (ii) the Company shall have sustained the burden
          of proving, on application to the Commission and after the opportunity
          for hearing thereon, that the trusteeship under this Indenture with
          respect to the Debt Securities of that series and, as the case may be,
          with respect to Securities of such other series or under such other
          indenture is not so likely to involve a material conflict of interest
          as to make it necessary in the public interest or

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          for the protection of investors to disqualify the Trustee from acting
          as such under this Indenture with respect to the Debt Securities of
          that series and such other series or under one of such indentures;

               (2) the Trustee or any of its directors or executive officers is
          an obligor upon the Debt Securities of such series issued under this
          Indenture or an underwriter for the Company;

               (3) the Trustee directly or indirectly controls, or is directly
          or indirectly controlled by, or is under direct or indirect common
          control with, the Company or an underwriter for the Company;

               (4) the Trustee or any of its directors or executive officers is
          a director, officer, partner, employee, appointee or representative
          of the Company, or of any underwriter (other than the Trustee itself)
          for the Company who is currently engaged in the business of
          underwriting, except that (A) one individual may be a director and/or
          an executive officer of the Trustee and a director and/or an
          executive officer of the Company, but may not be at the same time an
          executive officer of both the Trustee and the Company, and (B) if and
          so long as the number of directors of the Trustee in office is more
          than nine, one additional individual may be a director and/or an
          executive officer of the Trustee and a director of the Company, and
          (C) the Trustee may be designated by the Company or by any
          underwriter for the Company to act in the capacity of transfer agent,
          registrar, custodian, paying agent, fiscal agent, escrow agent or
          depositary, or in any other similar capacity, or, subject to the
          provisions of paragraph (1) of this Subsection (d), to act as
          trustee, whether under an indenture or otherwise;

               (5) 10% or more of the voting securities of the Trustee is
          beneficially owned either by the Company or by any director, partner
          or executive officer thereof, or 20% or more of such voting securities
          is beneficially owned, collectively, by any two or more of such
          persons; or 10% or more of such voting securities is beneficially
          owned either by an underwriter for the Company or by any director,
          partner or executive officer thereof, or is beneficially owned,
          collectively, by any two or more of such persons;

               (6) the Trustee is the beneficial owner of, or holds as
          collateral security for an obligation which is in default (as
          hereinafter in this Subsection (d) defined), (A) 5% or more of the
          voting securities, or 10% or more of any other class of security, of
          the Company, not including any of the Debt Securities and not

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<PAGE>

          including securities issued under any other indenture under which the
          Trustee is also trustee, or (B) 10% or more of any class of security
          of an underwriter for the Company;

               (7) the Trustee is the beneficial owner of, or holds as
          collateral security for an obligation which is in default (as
          hereinafter in this Subsection (d) defined), 5% or more of the voting
          securities of any person who, to the knowledge of the Trustee, owns
          10% or more of the voting securities of, or controls directly or
          indirectly, or is under direct or indirect common control with, the
          Company;

               (8) the Trustee is the beneficial owner of, or holds as
          collateral security for an obligation which is in default (as
          hereinafter in this Subsection (d) defined), 10% or more of any class
          of security of any person who, to the knowledge of the Trustee, owns
          50% or more of the voting securities of the Company; or

               (9) the Trustee owns, on May 15 in any calendar year, in the
          capacity of executor, administrator, testamentary or inter vivos
          trustee, guardian, committee or conservator, or in any other similar
          capacity, an aggregate of 25% or more of the voting securities, or of
          any class of security, of any person, the beneficial ownership of a
          specified percentage of which would have constituted a conflicting
          interest under paragraph (6), (7) or (8) of this Subsection (d). As to
          any of such securities of which the Trustee acquired ownership through
          becoming executor, administrator or testamentary trustee of an estate
          which included them, the provisions of the preceding sentence shall
          not apply, for a period of not more than two years from the date of
          such acquisition, to the extent that such securities included in such
          estate do not exceed 25% of such voting securities or 25% of any such
          class of security. Promptly after May 15 in each calendar year, the
          Trustee shall make a check of its holdings of such securities in any
          of the above-mentioned capacities as of such May 15. If the Company
          shall fail to make payment in full of the principal of (or premium, if
          any) or interest of any of the Debt Securities under this Indenture,
          when and as the same becomes due and payable, and such failure shall
          continue for 30 days thereafter, the Trustee shall make a prompt check
          of its holdings of such securities in any of the above-mentioned
          capacities as of the date of the expiration of such 30-day period, and
          after such date, notwithstanding the foregoing provisions of this
          paragraph (9), all such securities so held by the Trustee, with sole
          or joint control

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          over such securities vested in it, shall, but only so long as such
          failure shall continue, be considered as though beneficially owned by
          the Trustee, for the purposes of paragraphs (6), (7) and (8) of this
          Subsection (d).

     The specification of percentages in paragraphs (5) to (9), inclusive, of
this Subsection (d) shall not be construed as indicating that the ownership of
such percentages of the securities of a person is or is not necessary or
sufficient to constitute direct or indirect control for the purposes of
paragraph (3) or paragraph (7) of this Subsection (d).

     For the purposes of paragraphs (6), (7), (8) and (9) of this Subsection
(d), (A) the terms "security" and "securities" shall include only such
securities as are generally known as corporate securities, but shall not include
any note or other evidence of indebtedness issued to evidence an obligation to
repay moneys lent to a person by one or more banks, trust companies or banking
firms, or any certificate of interest or participation in any such note or
evidence of indebtedness; (B) an obligation shall be deemed to be "in default"
when a default in payment of principal shall have continued for 30 days or more
and shall not have been cured; and (C) the Trustee shall not be deemed the owner
or holder of (i) any security which it holds as collateral security (as trustee
or otherwise) for an obligation which is not in default as defined in clause (B)
above, or (ii) any security which it holds as collateral security under this
Indenture, irrespective of any default hereunder, or (iii) any security which it
holds as agent for collection, or as a custodian, escrow agent or depositary or
in any similar representative capacity.

     For the purposes of this Subsection (d) the term "underwriter" when used
with reference to the Company means every person who, within three years prior
to the time as of which the determination is made, has purchased from the
Company with a view to, or has offered for or has sold for the Company in
connection with, the distribution of any security of the Company which is
outstanding at the time the determination is made, or has participated or has
had a direct or indirect participation in any such undertaking, or has
participated or has had a participation in the direct or indirect underwriting
of any such undertaking; but such term shall not include a person whose interest
was limited to a commission from an underwriter or dealer not in excess of the
usual and customary distributors' or sellers' commission.

     The percentages of voting securities and other securities specified in this
Subsection (d) shall be calculated in accordance with the following provisions:

               (A) A specified percentage of the voting securities of a person
          means such amount of the outstanding voting securities of

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          such person as entitles the holder or holders thereof to cast such
          specified percentage of the aggregate votes which the holders of all
          the outstanding voting securities of such person are entitled to cast
          in the direction or management of the affairs of such person.

               (B) A specified percentage of a class of securities of a person
          means such percentage of the aggregate amount of securities of the
          class outstanding.

               (C) The term "amount", when used in regard to securities, means
          the principal amount, if relating to evidence of indebtedness; the
          number of shares, if relating to capital shares; and the number of
          units, if relating to any other kind of security.

               (D) The term "outstanding" means issued and not held by or for
          the account of the issuer. The following securities shall not be
          deemed outstanding within the meaning of this definition:

                    (i) securities of an issuer held in a sinking fund relating
               to securities of the issuer of the same class;

                    (ii) securities of an issuer held in a sinking fund relating
               to another class of securities of the issuer, if the obligation
               evidenced by such other class of securities is not in default as
               to principal or interest or otherwise;

                    (iii) securities pledged by the issuer thereof as security
               for an obligation of the issuer not in default as to principal or
               interest or otherwise; and

                    (iv) securities held in escrow, if placed in escrow by the
               issuer thereof;

          provided, however, that any voting securities of an issuer shall be
          deemed outstanding if any person other than the issuer is entitled to
          exercise the voting rights thereof.

               (E) A security shall be deemed to be of the same class as another
          security if both securities confer upon the holder or holders thereof
          substantially the same rights and privileges; provided, however, (i)
          that, in the case of secured evidences of indebtedness, all of which
          are issued under a single indenture, differences in the interest rates
          or maturity dates of various series thereof shall not be deemed
          sufficient to constitute such series different classes, and (ii) that,
          in the case of unsecured evidences of indebtedness, differences in the
          interest rates or maturity dates

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          thereof shall not be deemed sufficient to constitute them securities
          of different classes, whether or not they are issued under a single
          indenture.

     In the event that any person other than the Company shall at any time
become an obligor upon any of the Debt Securities, so long as such person shall
continue to be such obligor the provisions of this Subsection (d), in addition
to being applicable to the Trustee and the Company, shall be applicable to the
Trustee and such obligor.

SECTION 1007. Appointment of Successor Trustee.

     In case at any time the Trustee shall resign, or shall be removed (unless
the Trustee shall be removed as provided in Subsection (c) of Section 1006, in
which event the vacancy shall be filled as provided in said Subsection), or
shall become incapable of acting, or shall be adjudged a bankrupt or insolvent,
or if a receiver of the Trustee or of its property shall be appointed, or if any
public officer shall take charge or control of the Trustee or of its property of
affairs for the purpose of rehabilitation, conservation or liquidation with
respect to the Debt Securities of one or more series, a successor Trustee with
respect to the Debt Securities of that or those series (it being understood that
any such successor Trustee may be appointed with respect to the Debt Securities
of one or more or all of such series and that at any time there shall be only
one Trustee with respect to the Debt Securities of any series) may be appointed
by the Holders of a majority in aggregate principal amount of the Outstanding
Debt Securities of that or those series, by an instrument or instruments in
writing signed in duplicate by such Holders and filed, one original thereof with
the Company and the other with the successor Trustee; but, until a successor
Trustee shall have been so appointed by the Holders of Debt Securities of that
or those series as herein authorized, the Company by Board Resolution, or, in
case all or substantially all the assets of the Company shall be in the
possession of one or more custodians or receivers lawfully appointed, or of
trustees in bankruptcy or reorganization proceedings (including a trustee or
trustees appointed under the provisions of the Federal bankruptcy laws, as now
or hereafter constituted), or of assignees for the benefit of creditors, such
receivers, custodians, trustees or assignees, as the case may be, by an
instrument in writing, shall appoint a successor Trustee with respect to the
Debt Securities of such series. Subject to the provisions of Sections 1004, 1005
and 1006, upon the appointment as aforesaid of a successor Trustee with respect
to the Debt Securities of any series, the Trustee with respect of the Debt
Securities of such series shall cease to be Trustee hereunder. After any such
appointment (other than by the Holders of Debt Securities of that or those
series) the person making such appointment shall forthwith cause notice thereof
to be mailed to the Holders of Debt Securities of such series at their addresses
as the same shall then appear on the Security Register; but any successor
Trustee with respect to the Debt Securities of such series so appointed shall
immediately and without further

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act, be superseded by a successor Trustee appointed by the Holders of Debt
Securities of such series in the manner above prescribed, if such appointment be
made prior to the expiration of one year from the date of the mailing of such
notice by the Company, or by such receivers, trustees or assignees.

     If any Trustee with respect to the Debt Securities of one or more series
shall resign because of conflict of interest as provided in Section 1006(a) and
a successor Trustee shall not have been appointed by the Company or by the
Holders of the Debt Securities of such series or, if any successor Trustee so
appointed shall not have accepted its appointment within 30 days after such
appointment shall have been made, the resigning Trustee may apply to any court
of competent jurisdiction for the appointment of a successor Trustee. If in any
other case a successor Trustee shall not be appointed pursuant to the foregoing
provisions of this Section 1007 within three months after such appointment might
have been made hereunder, the Holder of any Debt Security of the applicable
series or any retiring Trustee may apply to any court of competent jurisdiction
to appoint a successor Trustee. Such court may thereupon, in any such case,
after such notice, if any, as such court may deem proper, appoint a successor
Trustee.

     Any successor Trustee appointed hereunder with respect to the Debt
Securities of one or more series shall execute, acknowledge and deliver to its
predecessor Trustee and to the Company, or to the receivers, trustees, assignees
or court appointing it, as the case may be, an instrument accepting such
appointment hereunder, and thereupon such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the authority, rights,
powers, trusts, immunities, duties and obligations with respect to such series
of such predecessor Trustee with like effect as if originally named as Trustee
hereunder, and such predecessor Trustee, upon payment of its charges and
disbursements then unpaid, shall thereupon become obligated to pay over, and
such successor Trustee shall be entitled to receive, all moneys and properties
held by such predecessor Trustee as Trustee hereunder. Nevertheless, on the
written request of the Company or of the successor Trustee or of the Holders of
at least 10% in aggregate principal amount of the Outstanding Debt Securities of
such series, such predecessor Trustee, upon payment of its said charges and
disbursements, shall execute and deliver an instrument transferring to such
successor Trustee upon the trusts herein expressed all the rights, powers and
trusts of such predecessor Trustee and shall assign, transfer and deliver to the
successor Trustee all moneys and properties held by such predecessor Trustee;
and, upon request of any such successor Trustee, the Company shall make,
execute, acknowledge and deliver any and all instruments in writing for more
fully and effectually vesting in and confirming to such successor Trustee all
such authority, rights, powers, trusts, immunities, duties and obligations.

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SECTION 1008. Merger, Conversion or Consolidation of Trustee or Transfer of its
              Corporate Trust Business; Authentication of Debt Securities by
              Successor Trustee.

     Any corporation into which the Trustee or any successor to it in the trusts
created by this Indenture shall be merged or converted, or any corporation with
which it or any successor to it shall be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Trustee or
any such successor to it shall be a party, or any corporation to which the
Trustee or any successor to it shall sell or otherwise transfer all or
substantially all of the corporate trust business of the Trustee, shall be the
successor Trustee under this Indenture without the execution or filing of any
paper or any further act on the part of any of the parties hereto. In case at
the time such successor to the Trustee shall succeed to the trusts created by
this Indenture with respect to one or more series of Debt Securities, any of
such Debt 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 Debt Securities so authenticated; and in
case at that time any of the Debt Securities shall not have been authenticated,
any successor to the Trustee may authenticate such Debt Securities either in the
name of any predecessor Trustee hereunder or in the name of the successor
Trustee; and in all such cases such certificates shall have the full force which
it is anywhere in the Debt Securities or in this Indenture provided that the
certificate of the Trustee shall have.

SECTION 1009. Trustee Required to Account for Amounts Collected as Creditor of
              the Company Under Certain Conditions.

          (a) Trustee, as a Creditor, to Set Apart and Hold Certain Moneys in a
     Special Account During Default.

          If the Trustee in its individual capacity shall be, or shall become, a
     creditor, directly or indirectly, secured or unsecured, of the Company
     within four months prior to a default, as the term "default" is defined in
     Subsection (e) of this Section 1009, or subsequent to such a default, then,
     unless and until such default shall be cured, the Trustee shall set apart
     and hold in a special account for the benefit of the Trustee individually,
     the Holders of Debt Securities and the holders of any other indenture
     securities as the term "other indenture securities" is defined in said
     Subsection (e):

               (1) an amount equal to any and all reductions in the amount due
          and owing upon any claim as such creditor in respect of principal or
          interest, effected after the beginning of such four months' period and
          valid as against the Company and its other creditors, except any such
          reduction resulting from the receipt or

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          disposition of any property described in paragraph (2) of this
          Subsection (a), or from the exercise of any right of setoff which the
          Trustee could have exercised, if any voluntary or involuntary case had
          been commenced in respect of the Company under the Federal bankruptcy
          laws, as now or hereafter constituted, or any other applicable Federal
          or State bankruptcy, insolvency or other similar law upon the date of
          such default; and

               (2) all property received by the Trustee in respect of any claim
          as such creditor, either as security therefor, or in satisfaction or
          composition thereof or otherwise, after the beginning of such four
          months' period, or an amount equal to the proceeds of any such
          property, if disposed of, subject, however, to the rights, if any, of
          the Company and its other creditors in such property or such proceeds.

          (b) Situations Not Requiring Trustee to Account. Nothing contained in
     this Section 1009 shall affect the right of the Trustee:

               (1) to retain for its own account (A) payments made on account of
          any such claim by any person (other than the Company) who is liable
          thereon, and (B) the proceeds of the bona fide sale of any such claim
          by the Trustee to a third person, and (C) distributions made in cash,
          securities or other property in respect of claims filed against the
          Company in bankruptcy or receivership or in proceedings for
          reorganization pursuant to the Federal bankruptcy laws, as now or
          hereafter constituted, or applicable State law;

               (2) to realize, for its own account, upon any property held by it
          as security for any such claim, if such property was so held prior to
          the beginning of such four months' period;

               (3) to realize, for its own account, but only to the extent of
          the claim hereinafter mentioned, upon any property held by it as
          security for any such claim, if such claim was created after the
          beginning of such four months' period and such property was received
          as security therefor simultaneously with the creation thereof, and if
          the Trustee shall sustain the burden of proving that at the time such
          property was so received the Trustee had no reasonable cause to
          believe that a default, as defined in Subsection (e) of this Section
          1009, would occur within four months; or

               (4) to receive payment on any claim referred to in paragraph (2)
          or paragraph (3) of this Subsection (b), against the

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          release of any property held as security for such claim as provided in
          said paragraph (2) or said paragraph (3), as the case may be, to the
          extent of the fair value of such property.

     For the purposes of paragraphs (2), (3) and (4) of this Subsection (b),
property substituted after the beginning of such four months' period for
property held as security at the time of such substitution shall, to the extent
of the fair value of the property released, have the same status as the property
released, and, to the extent that any claim referred to in any of such
paragraphs is created in renewal of, or in substitution for, or for the purpose
of repaying or refunding, any preexisting claim of the Trustee as such creditor,
such claim shall have the same status as such pre-existing claim.

          (c) Apportionment of Funds and Property Set Apart. If the Trustee
     shall be required to account, the funds and property held in a special
     account pursuant to the provisions of this Section 1009 and the proceeds
     thereof shall be apportioned among the Trustee, the Holders of Debt
     Securities and the holders of other indenture securities in such manner
     that the Trustee, the Holders of Debt Securities and the holders of other
     indenture securities realize, as a result of payments from such special
     account and payments of dividends on claims filed against the Company in
     receivership or liquidation proceedings or any voluntary or involuntary
     case under the Federal bankruptcy laws, as now or hereafter constituted, or
     applicable State law, the same percentage of their respective claims,
     figured before crediting to the claim of the Trustee anything on account of
     the receipt by it from the Company of the funds and property in such
     special account and before crediting to the respective claims of the
     Trustee, the Holders of Debt Securities and the holders of other indenture
     securities dividends on claims filed against the Company in receivership or
     liquidation proceedings or any voluntary or involuntary case under the
     Federal bankruptcy laws, as now or hereafter constituted, or applicable
     State law, but after crediting thereon receipts on account of the
     indebtedness represented by their respective claims from all sources other
     than from such dividends and from the funds and property so held in such
     special account. As used in this Subsection (c) with respect to any claim,
     the term "dividends" shall include any distribution with respect to such
     claim in receivership or liquidation proceedings or any voluntary or
     involuntary case under the Federal bankruptcy laws, as now or hereafter
     constituted, or applicable State law, whether such distribution is made in
     cash, securities or other property, but shall not include any such
     distribution with respect to the secured portion, if any, of such claim.
     The court in which such receivership or liquidation proceeding or such
     voluntary or involuntary case under the Federal bankruptcy laws, as now or
     hereafter constituted, or applicable State law shall be pending shall have
     jurisdiction (A) to apportion among the Trustee, the Holders of Debt

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     Securities and the holders of other indenture securities, in accordance
     with the provisions of this Subsection (c), the funds and property held in
     such special account and the proceeds thereof, or (B) in lieu of such an
     apportionment thereof, in whole or in part, to give to the provisions of
     this Subsection (c) due consideration in determining the fairness of the
     distributions to be made to the Trustee, the Holders of Debt Securities and
     the holders of other indenture securities with respect to their respective
     claims, in which event it shall not be necessary to liquidate or to
     appraise the value of any securities or other property held in such special
     account or as security for any such claim, or to make a specific allocation
     of such distributions as between the secured and unsecured portions of such
     claims, or otherwise to apply the provisions of this Subsection (c) as a
     mathematical formula.

          (d) In Case of Resignation or Removal of Trustee. In case the Trustee
     shall have resigned or been removed after the beginning of such four
     months' period, the Trustee shall be subject to the provisions of this
     Section 1009 as though such resignation or removal had not occurred. If the
     Trustee shall have resigned or been removed prior to the beginning of such
     four months' period, it shall be subject to the provisions of this Section
     1009 if and only if the receipt of property or reduction of claim which
     would have given rise to the obligation to account, if the Trustee had
     continued as such trustee hereunder, occurred after the beginning of such
     four months' period and within four months after such resignation or
     removal.

          (e) Meaning of Certain Terms as Used in Section 1009. As used in this
     Section 1009, the term "default" means any failure to make payment in full
     of the principal of (or premium, if any) or interest or the Debt Securities
     or any other indenture securities, when and as such principal (or premium)
     or interest becomes due and payable; and the term "other indenture
     securities" means securities upon which the Company is an obligor (as the
     term "obligor" is defined in the Trust Indenture Act) outstanding under any
     other indenture which is qualified under the Trust Indenture Act and under
     which the Trustee is also trustee and under which a default exists at the
     time of the apportionment of the funds and property held in said special
     account.

          (f) Creditor Relationships to Which Section 1009 Inapplicable. None of
     the foregoing provisions of this Section 1009 shall be applicable in
     respect of a creditor relationship arising from:

               (1) the ownership or acquisition of securities issued under any
          indenture, or any security or securities having a maturity of one year
          or more at the time of acquisition by the Trustee;

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<PAGE>

               (2) advances authorized by a court of competent jurisdiction in
          the premises, in any voluntary or involuntary case under the Federal
          bankruptcy laws, as now or hereafter constituted, or any other
          applicable Federal or State bankruptcy, insolvency or other similar
          law, or by this Indenture, for the purposes of preserving any property
          which shall at the time be subject to the lien of this Indenture or of
          discharging tax liens or other prior liens or encumbrances thereon, if
          notice of such advance and of the circumstances surrounding the making
          thereof is given to the Holders of the Debt Securities at the time and
          in the manner provided in Section 901 with respect to reports pursuant
          to Subsections (a) and (b) thereof;

               (3) disbursements made in the ordinary course of business in the
          capacity of trustee under an indenture, transfer agent, registrar,
          custodian, paying agent, fiscal agent or depositary, or other similar
          capacity;

               (4) an indebtedness created as a result of services rendered or
          premises rented; or an indebtedness created as a result of goods or
          securities sold in a cash transaction, as defined in this Subsection
          (f);

               (5) the ownership of stock or of other securities of a
          corporation organized under the provisions of Section 25(a) of the
          Federal Reserve Act, as amended, which is directly or indirectly a
          creditor of the Company; or

               (6) the acquisition, ownership, acceptance or negotiation of any
          drafts, bills of exchange, acceptances or obligations which fall
          within the classification of self-liquidating paper, as the term
          "self-liquidating paper" is defined in this Subsection (f).

     The term "security" or "securities" as used in this Subsection (f) shall
mean any note, stock, treasury stock, bond, debenture, evidence of indebtedness,
certificate of interest or participation in any profit-sharing agreement,
collateral-trust certificate, preorganization certificate or subscription,
transferable share, investment contract, voting-trust certificate, certificate
of deposit for a security, fractional undivided interest in oil, gas or other
mineral rights, or, in general, any interest or instrument commonly known as a
"security," or any certificate of interest or participation in, temporary or
interim certificate for, receipt for, guarantee of, or warrant or right to
subscribe to or purchase, any of the foregoing.

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<PAGE>

     The term "cash transaction" as used in paragraph (4) of this Subsection (f)
means any transaction in which full payment for goods or securities sold is made
within seven days after the delivery of the goods or securities in currency or
in checks or other orders drawn upon banks or bankers and payable upon demand.

     The term "self-liquidating paper" as used in paragraph (6) of this
Subsection (f) means any draft, bill of exchange, acceptance or obligation which
is made, drawn, negotiated or incurred by the Company for the purpose of
financing the purchase, processing, manufacture, shipment, storage or sale of
goods, wares or merchandise and which is secured by documents evidencing title
to, possession of or a lien upon the goods, wares or merchandise or the
receivables or proceeds arising from the sale of the goods, wares or merchandise
previously constituting the security; provided that the security is received by
the Trustee simultaneously with the creation of the creditor relationship with
the Company arising from the making, drawing, negotiating or incurring of the
draft, bill of exchange, acceptance or obligation.

     In the event that any person other than the Company shall at any time
become an obligor upon any of the Debt Securities, so long as such person shall
continue to be such obligor the provisions of this Section 1009, in addition to
being applicable to the Trustee and the Company, shall be applicable to the
Trustee and such obligor.

SECTION 1010. Trustee May Rely on Officers' Certificate.

     Subject to Section 1002, and subject to the provisions of Section 1403 with
respect to the certificates required thereby, whenever in the administration of
the provisions of this Indenture the Trustee shall deem it necessary or
desirable that a matter be proved or established prior to taking or suffering
any action hereunder, such matter (unless other evidence in respect thereof be
herein specifically prescribed) may, in the absence of negligence or bad faith
on the part of the Trustee, be deemed to be conclusively proved and established
by an Officers' Certificate with respect thereto delivered to the Trustee, and
such Officers' Certificate, in the absence of negligence or bad faith on the
part of the Trustee, shall be full warrant to the Trustee for any action taken,
suffered to be taken or omitted by it under the provisions of this Indenture
upon the faith thereof.

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                                 ARTICLE ELEVEN

                           SATISFACTION AND DISCHARGE

SECTION 1101. Discharge of Indenture Upon Payment of Debt Securities.

     If and when the principal of (and premium, if any) and interest on all the
Outstanding Debt Securities and all other sums due hereunder shall have been
fully paid, this Indenture shall cease and terminate, and, upon receipt of a
Company Request accompanied by the Officers' Certificate and Opinion of Counsel
required by Section 1403, and upon proof being given to the reasonable
satisfaction of the Trustee that all the Debt Securities have been paid or
satisfied, and upon payment of the costs, charges and expenses incurred or to be
incurred by the Trustee in relation thereto or in carrying out the provisions of
this Indenture, the Trustee shall cancel this Indenture and execute and deliver
to the Company such instruments as shall be requisite to evidence the
satisfaction hereof.

     If at any time no Debt Securities have been issued and authenticated or if
all previously issued and authenticated Debt Securities have been cancelled or
delivered to the Trustee for cancellation, upon receipt of a Company Request
accompanied by the Officers' Certificate and Opinion of Counsel required by
Section 1403, and upon payment of the costs, charges and expenses incurred or to
be incurred by the Trustee in relation thereto or in carrying out the provisions
of this Indenture, the Trustee shall cancel this Indenture and execute and
deliver to the Company such instruments as shall be requisite to evidence the
satisfaction hereof.

SECTION 1102. Discharge of Indenture Upon Deposit of Moneys.

     If, at the Maturity of the Debt Securities of any series, the Company shall
deposit with the Trustee, in trust for the benefit of the Holders thereof, funds
sufficient to pay the principal of (and premium, if any) and interest on all of
the Outstanding Debt Securities of such series, and shall pay all costs, charges
and expenses incurred or to be incurred by the Trustee in relation thereto or in
carrying out the provisions of this Indenture, the Trustee, upon receipt of a
Company Request accompanied by the Officers' Certificate and Opinion of Counsel
required by Section 1403, shall cancel and satisfy this Indenture. The Trustee
shall apply the moneys so deposited to the payment to the Holders of the Debt
Securities of such series of all sums due thereon for principal (and premium, if
any) and interest.

SECTION 1103. Discharge of Certain Indebtedness Upon Deposit of Moneys.

     If this Section 1103 is specified in the manner contemplated by Section 301
to be applicable to Debt Securities of any series, the Company shall

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be deemed to have paid and discharged the entire indebtedness on all Outstanding
Debt Securities of such series if the Company shall (a) deposit with the
Trustee, in trust for the benefit of the Holders thereof, (1) funds sufficient
to pay or (2) such amount of Government Obligations as will or will together
with the income thereon, without consideration of any reinvestment thereof, be
sufficient to pay the principal of (and premium, if any) and interest on the
Debt Securities of such series, as such payments shall become due from time to
time, and (b) pay or make arrangements satisfactory to the Trustee for paying
all costs, charges and expenses incurred by the Trustee in relation thereto or
in carrying out the provisions of this Indenture in relation thereto, then this
Indenture shall cease to be of further effect with respect to Debt Securities of
such series (except as to (i) rights of registration of transfer, substitution
and exchange of Debt Securities of such series, (ii) rights of Holders to
receive payments of the principal of (and premium, if any) and interest on the
Debt Securities of such series as such payments shall become due from time to
time and other rights, duties and obligations of Holders as beneficiaries hereof
with respect to the amounts so deposited with the Trustee, (iii) provisions, if
any, applicable to such series relating to optional redemption and Mandatory and
Optional Sinking Fund Payments and (iv) the rights, obligations and immunities
of the Trustee hereunder (for which purposes the Debt Securities of such series
shall be deemed Outstanding)), and the Company shall have no further obligations
or liability with respect to any Debt Securities of such series.

     In any such case the Trustee, upon receipt of a Company Request accompanied
by the Officers' Certificate and Opinion of Counsel required by Section 1403,
shall execute and deliver to the Company such instruments as shall be requisite
to evidence the satisfaction thereof with respect to Debt Securities of such
series. The Trustee shall apply the amounts so deposited and the proceeds
thereof to the payment to the Holders of the Debt Securities of such series of
all sums due thereon for principal (and premium, if any) and interest.

SECTION 1104. Termination of Certain Obligations Upon Deposit of Moneys.

     If this Section 1104 is specified in the manner contemplated by Section 301
to be applicable to Debt Securities of any series, the Company's obligations on
all Debt Securities of such series shall be deemed to be terminated on the 91st
day after the Company deposits with the Trustee, in trust for the benefit of the
Holders thereof, (a) funds sufficient to pay, or (b) such amount of Government
Obligations as will or will together with the income thereon, without
consideration of any reinvestment thereof, be sufficient to pay the principal of
(and premium, if any) and interest on all of the Debt Securities of such series,
as such payments shall become due from time to time; provided, however, that no
Event of Default under Section 601(e) or 601(f) or event which, with notice or
lapse of time or both, would constitute such an Event of Default, shall have
occurred and be continuing on such date; and provided further that such

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<PAGE>

termination shall not relieve the Company of its obligations under the Debt
Securities of such series and this Indenture to pay when due the principal of
(and premium, if any) and interest on the Debt Securities of such series if not
paid (or considered paid) when due from the funds and Government Obligations
(and the income thereon) so deposited. Notwithstanding the termination of any
obligations of the Company in accordance with this Section 1104, the Company's
rights and obligations under Sections 305, 306, 501, 502, 503, 903, 1001, 1004,
1105 and 1106, and provisions, if any, applicable to such series relating to
optional redemption and Mandatory and Optional Sinking Fund Payments, shall
survive until the Debt Securities of such series are no longer Outstanding.
Thereafter the Company's rights and obligations under Sections 1001, 1105 and
1106 shall survive.

     After a deposit as provided herein, the Trustee, upon receipt of a Company
Request, shall acknowledge in writing the discharge of the Company's obligations
under this Indenture with respect to Debt Securities of a particular series
except for those surviving obligations specified above. The Trustee shall apply
the amounts so deposited and the proceeds thereof to the payment to the Holders
of the Debt Securities of such series of all sums due thereon for principal (and
premium, if any) and interest.

SECTION 1105. Certain Deposits With the Trustee to be Held in Escrow.

     Any deposits with the Trustee referred to in Section 1103 or 1104 shall be
irrevocable (except to the extent provided in Section 1106) and shall be made
under the terms of an escrow trust agreement in form and substance satisfactory
to the Trustee. If any Outstanding Debt Securities of a series are to be
redeemed prior to their Stated Maturity, whether pursuant to any optional
redemption provisions or in accordance with any Mandatory or Optional Sinking
Fund Payments, the applicable escrow trust agreement shall provide therefor, and
the Company shall make such arrangements as are satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Company. The agreement shall provide that, upon satisfaction of
any Mandatory Sinking Fund Payments, whether by deposit of funds, application of
proceeds of deposited Government Obligations or, if permitted, by delivery of
Debt Securities, the Trustee shall pay or deliver over to the Company as excess
funds pursuant to Section 1106 all funds or obligations then held under the
agreement and allocable to the Mandatory Sinking Fund Payments so satisfied.

     If Debt Securities of a series with respect to which such deposits are made
may be subject to later redemption at the option of the Company or pursuant to
Optional Sinking Fund Payments, the applicable escrow trust agreement may, at
the option of the Company, provide therefor. In the case of an optional
redemption in whole or in part, such agreement shall require the Company to
deposit with the Trustee on or before the date on which notice of

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<PAGE>

redemption is given funds sufficient to pay the Redemption Price of the Debt
Securities to be redeemed together with all unpaid interest thereon to the
Redemption Date. Upon such deposit of funds, the Trustee shall pay or deliver
over to the Company as excess funds pursuant to Section 1106 all funds or
obligations then held under such agreement and allocable to the Debt Securities
to be redeemed. In the case of exercise of optional Sinking Fund Payment rights
by the Company, such agreement may, at the option of the Company, provide that
upon deposit by the Company with the Trustee of funds pursuant to such exercise
the Trustee shall pay or deliver over to the Company as excess funds pursuant to
Section 1106 all funds or obligations then held under such agreement for such
series and allocable to the Debt Securities to be redeemed.

SECTION 1106. Repayment to Company.

     The Trustee and any Paying Agent shall promptly pay or return to the
Company upon Company Request any money or Government Obligations held by them at
any time that are not required for the payment of the principal of (and premium,
if any) and interest on the Debt Securities of any series for which money or
Government Obligations have been deposited, including any such money or
Government Obligations held by the Trustee under any escrow trust agreement
entered into pursuant to Section 1105.

     The provisions of the last paragraph of Section 503 shall apply to any
money held by the Trustee or any Paying Agent under this Article that remains
unclaimed for two years after the Maturity of any series of Debt Securities for
which money or Government Obligations have been deposited pursuant to Article
Eleven.

SECTION 1107. Reinstatement.

     If the Trustee or any Paying Agent is unable to apply any money and/or
Government Obligations deposited in trust in accordance with Section 1103 or
1104 by reason of any legal proceeding or by reason of any order or judgment of
any court or Governmental Authority enjoining, restraining or otherwise
prohibiting such application (including any such order or judgment requiring the
payment of such money and/or Government Obligations to the Company), the
Company's obligations under this Indenture and the Debt Securities shall be
revived and reinstated as of such date, until such time as the Trustee or such
Paying Agent is permitted to apply all such money and/or Government Obligations
in accordance with Section 1103 or 1104, as the case may be; provided, however,
that if the Company has made any payment of the principal of (or premium, if
any) or interest on any Debt Securities because of the reinstatement of its
obligations, the Company shall be entitled to receive the aggregate amount of
such payments from the Trustee or such Paying Agent as excess funds pursuant to
Section 1106. In the event that for any reason the Trustee

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or such Paying Agent is unable to pay any such amount pursuant to Section 1106,
the Company shall be subrogated to the rights of the Holders of such Debt
Securities to receive such payments from the money and/or Government Obligations
held by the Trustee or such Paying Agent pursuant to Section 1105.

SECTION 1108. Indemnity for Government Obligations.

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

SECTION 1109. Deposits of Foreign Currencies.

     Notwithstanding the foregoing provisions of this Article Eleven, if the
Debt Securities of any series are payable in a Foreign Currency, the coin or
currency or currency unit or the nature of the government obligations to be
deposited with the Trustee under the foregoing provisions of this Article Eleven
shall be as set forth in the Officers' Certificate or established in the
supplemental indenture under which the Debt Securities of such series are
issued.

                                 ARTICLE TWELVE

                    IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
                             OFFICERS AND DIRECTORS

SECTION 1201. Liability Solely Corporate.

     No recourse shall be had for the payment of the principal of (or premium,
if any) or interest on any Debt Security or for any claim based thereon or
otherwise in respect thereof or of the indebtedness represented thereby, or upon
any obligation, covenant or agreement of this Indenture, against any
incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or of any successor corporation, either directly or
through the Company or any successor corporation, whether by virtue of any
constitutional provision, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly agreed and understood
that this Indenture and the Debt Securities are solely corporate obligations,
and that no personal liability whatsoever shall attach to, or be incurred by,
any incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or of any successor corporation, either directly or
through the Company or any successor corporation, because of the incurring of
the indebtedness hereby authorized or under or by reason of any of the
obligations, covenants, promises or agreements contained in this Indenture or in
any of the Debt Securities or to be implied herefrom or therefrom, and that all
liability, if any, of that character against every such incorporator,
stockholder, officer and director is, by the acceptance of the Debt Securities
and as a condition

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of, and as part of the consideration for, the execution of this Indenture and
the issue of the Debt Securities, expressly waived and released.

                                ARTICLE THIRTEEN

                             SUPPLEMENTAL INDENTURES

SECTION 1301. Without Consent of Holders, Company and Trustee May Enter Into
              Supplemental Indentures for Specified Purposes.

     The Company and the Trustee, at any time and from time to time, may enter
into one or more indentures supplemental hereto, in form satisfactory to the
Trustee, for any one or more or all of the following purposes:

          (a) to add to the covenants and agreements of the Company, to be
     observed thereafter and during the period, if any, in such supplemental
     indenture or indentures expressed, and to add Events of Default, in each
     case for the protection or benefit of the Holders of all or any series of
     the Debt Securities (and if such covenants, agreements and Events of
     Default are to be for the benefit of fewer than all series of Debt
     Securities, stating that such covenants, agreements and Events of Default
     are expressly being included for the benefit of such series as shall be
     identified therein);

          (b) to evidence and provide for the acceptance of appointment
     hereunder by a successor trustee with respect to the Debt Securities of one
     or more series;

          (c) to evidence the succession of another corporation to the Company,
     or successive successions, and the assumption by a successor, transferee or
     lessee corporation of the covenants and obligations of the Company
     contained in the Debt Securities of one or more series and in this
     Indenture or any supplemental indenture;

          (d) to cure any ambiguity or to correct or supplement any provision
     contained herein or in any indenture supplemental hereto which may be
     defective or inconsistent with any other provision contained herein or in
     any supplemental indenture, or to make any other provision in regard to
     matters or questions arising under this Indenture which the Board of
     Directors may deem necessary or desirable and which shall not materially
     adversely affect the interests of the Holders of the Debt Securities;

          (e) to convey, transfer, assign, mortgage or pledge to the Trustee as
     security for the Debt Securities any property or assets which

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     the Company may be required to convey, transfer, assign, mortgage or pledge
     in accordance with the provisions of Section 504;

          (f) to prohibit the authentication and delivery of additional series
     of Debt Securities;

          (g) to establish the forms and terms of the Debt Securities of any
     series as permitted in Sections 201, 202 and 301 and to delete or modify
     any Events of Default with respect to such Debt Securities, or to authorize
     the issuance of additional Debt Securities of a series previously
     authorized or to add to the conditions, limitations or restrictions on the
     authorized amount, terms or purposes of issue, authentication or delivery
     of the Debt Securities of any series, as herein set forth, or other
     conditions, limitations or restrictions thereafter to be observed; and

          (h) to modify, eliminate or add to the provisions of this Indenture to
     such extent as shall be necessary to effect or maintain the qualification
     of this Indenture under the Trust Indenture Act.

     Subject to the provisions of Section 1303, the Trustee is authorized to
join with the Company in the execution of any such supplemental indenture, to
make the further agreements and stipulations which may be therein contained and
to accept the conveyance, transfer, assignment, mortgage or pledge of any
property or assets thereunder.

     Any supplemental indenture authorized by the provisions of this Section
1301 may be executed by the Company and the Trustee without the consent of the
Holders of any of the Outstanding Debt Securities, notwithstanding any of the
provisions of Section 1302.

SECTION 1302. Modification of Indenture by Supplemental Indenture With Consent
              of Holders.

     With the consent (evidenced as provided in Article Seven) of the holders of
not less than a majority in aggregate principal amount of the Debt Securities at
the time Outstanding which are affected by such indenture supplemental hereto
(voting as a single class), the Company, when authorized by a resolution of the
Board of Directors, and the Trustee may from time to time and at any time enter
into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Indenture or of any supplemental indenture or of modifying in any manner
the rights of the Holders of the Debt Securities of such series to be affected;
provided, however, that no such supplemental indenture shall (a) extend the
Stated Maturity of any Debt Security, or reduce the rate or extend the time of
payment of interest thereon, or reduce the amount of the

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principal thereof, or reduce any premium payable upon the redemption thereof, or
reduce the amount of the principal of any Original Issue Discount Security that
would be due and payable upon a declaration of the acceleration of the Maturity
thereof pursuant to Section 602 or make the principal thereof or interest or
premium thereon payable in any coin or currency other than that provided in the
Debt Securities, or impair the right to institute suit for the enforcement of
any such payment on or after the Maturity thereof as provided in Section 607,
without the consent of the Holder of each Debt Security so affected, or (b)
reduce the aforesaid percentage of Debt Securities of any series, the Holders of
which are required to consent to any such supplemental indenture, without the
consent of the Holders of all the Debt Securities then Outstanding, or (c)
modify, without the written consent of the Trustee, the rights, duties or
immunities of the Trustee.

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

     It shall not be necessary for the consent of the Holders under this Section
1302 to approve the particular form of any proposed supplemental indenture, but
it shall be sufficient if such consent shall approve the substance thereof.

     Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to the provisions of this Section 1302, the
Company shall mail a notice, setting forth in general terms the substance of
such supplemental indenture, to the Holders of Debt Securities at their
addresses as the same shall then appear in the Security Register. Any failure of
the Company to mail such notice, or any defect therein, shall not, however, in
any way impair or affect the validity of any such supplemental indenture.

SECTION 1303. Trustee to Join in Execution of Supplemental Indenture.

     Upon receipt of a Company Request accompanied by the Officers' Certificate
and Opinion of Counsel required by Section 1403 and by

          (a) a supplemental indenture duly executed on behalf of the Company;

          (b) a copy of a Board Resolution, certified by the Secretary or an
     Assistant Secretary of the Company, authorizing the execution of said
     supplemental indenture;

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<PAGE>

          (c) an Opinion of Counsel, stating that said supplemental indenture
     complies with, and that the execution thereof is authorized or permitted
     by, the provisions of this Indenture; and

          (d) if said supplemental indenture shall be executed pursuant to
     Section 1302, evidence (as provided in Article Seven) of the consent
     thereto of the Holders required to consent thereto as in Section 1302
     provided,

then the Trustee shall join with the Company in the execution of said
supplemental indenture unless said supplemental indenture affects the Trustee's
own rights, duties or immunities under this Indenture or otherwise, in which
case the Trustee may in its discretion, but shall not be obligated to, enter
into said supplemental indenture.

SECTION 1304. Effect of Supplemental Indenture.

     Upon the execution of any supplemental indenture pursuant to the provisions
of this Article Thirteen, this Indenture shall be and be deemed to be modified
and amended in accordance therewith and, except as herein otherwise expressly
provided, the respective rights, limitations of rights, obligations, duties and
immunities under this Indenture of the Trustee, the Company and the Holders of
all of the Debt Securities or of the Debt Securities of any series affected, as
the case may be, shall thereafter be determined, exercised and enforced
hereunder subject in all respects to such modifications and amendments, and all
the terms and conditions of any such supplemental indenture shall be and be
deemed to be part of the terms and conditions of this Indenture for any and all
purposes.

SECTION 1305. Matters Provided for in Supplemental Indenture May Be Noted on
              Debt Securities, or New Debt Securities Appropriately Modified
              May Be Issued in Exchange for Outstanding Debt Securities.

     Debt Securities authenticated and delivered after the execution of any
supplemental indenture pursuant to the provisions of this Article Thirteen may
bear a notation in a form approved by the Trustee as to any matter provided for
in such supplemental indenture. If the Company or the Trustee shall so
determine, new Debt Securities so modified as to conform, in the opinion of the
Trustee and the Board of Directors, to any modification of this Indenture
contained in any such supplemental indenture may be prepared by the Company,
authenticated by the Trustee and delivered in exchange for the Debt Securities
then Outstanding in equal aggregate principal amounts, and such exchange shall
be made without cost to the Holders of the Debt Securities.

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<PAGE>

SECTION 1306. Supplemental Indentures to Conform to Trust Indenture Act.

     Every supplemental indenture executed pursuant to the provisions of this
Article Thirteen shall conform to the requirements of the Trust Indenture Act.

                                ARTICLE FOURTEEN

                        PROVISIONS OF GENERAL APPLICATION

SECTION 1401. Consolidation, Merger, Sale or Lease.

     Subject to the provisions of Section 505, nothing contained in this
Indenture or in the Debt Securities shall be deemed to prevent the consolidation
or merger of the Company with or into any other corporation, or the merger into
the Company of any other corporation, or the sale or lease by the Company of its
property and assets as, or substantially as, an entirety, or otherwise.

     Upon any consolidation or merger, or any sale other than for cash or lease
of all or substantially all of the assets of the Company in accordance with the
provisions of Section 505, the corporation formed by such consolidation or into
which the Company shall have been merged or to which such sale or lease shall
have been made shall succeed to and be substituted for the Company with the same
effect as if it had been named herein as a party hereto, and thereafter from
time to time such corporation may exercise each and every right and power of the
Company under this Indenture, in the name of the Company or in its own name; and
any act or proceeding by any provision of this Indenture required or permitted
to be done by the Board of Directors or any officer of the Company may be done
with like force and effect by the like board or officer of any corporation that
shall at the time be the successor of the Company hereunder. In the event of any
such sale or conveyance, but not any such lease, the Company (or any successor
corporation which shall theretofore have become such in the manner described in
Section 505) shall be discharged from all obligations and covenants under the
Indenture and the Debt Securities and may thereupon be dissolved and liquidated.

SECTION 1402. Benefits of Indenture.

     Nothing in this Indenture or in the Debt Securities, express or implied, is
intended, or shall be construed, to confer upon, or to give to, any Person other
than the parties hereto and their successors and the Holders of Debt Securities
any right, remedy or claim under or by reason of this Indenture or any covenant,
condition, stipulation, promise or agreement hereof or herein, and all
covenants, conditions, stipulations, promises and agreements hereof and herein

                                       82
<PAGE>

shall be for the sole and exclusive benefit of the parties hereto and their
successors and of the Holders of the Debt Securities.

SECTION 1403. Evidence of Compliance with Conditions Precedent; Form of
              Documents Delivered to Trustee.

     As evidence of compliance with the conditions precedent provided for in
this Indenture (including any covenants, compliance with which constitutes a
condition precedent) which relate to the satisfaction and discharge of this
Indenture or to any other action to be taken by the Trustee upon Company Order
or Request, the Company will furnish to the Trustee an Officers' Certificate,
stating that such conditions precedent have been complied with, and an Opinion
of Counsel stating that, in the opinion of such counsel, such conditions
precedent have been complied with.

     Each certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture shall include (1) a statement that each
individual making such certificate or opinion has read such condition or
covenant; (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such
certificate or opinion are based; (3) a statement that, in the opinion of each
such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such condition
or covenant has been complied with; and (4) a statement as to whether or not, in
the opinion of each such individual, such condition or covenant has been
complied with.

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

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

                                       83
<PAGE>

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

     Notwithstanding any provision of this Indenture authorizing the Trustee
conclusively to rely upon any certificates or opinions, the Trustee before
granting any application by the Company or taking or refraining from taking any
other action in reliance thereon, may require any further evidence or make any
further investigation as to the facts or matters stated therein which it may, in
good faith, deem reasonable in the circumstances, and in connection therewith
the Trustee may examine or cause to be examined the pertinent books, records and
premises of the Company or of any Subsidiary; and the Trustee shall, in any such
case, require such further evidence or make such further investigation as may be
requested by the Holders of a majority in principal amount of the Debt
Securities then Outstanding; provided that, if payment to the Trustee of the
costs, expenses and liabilities likely to be incurred by it in making such
investigation is not reasonably assured to the Trustee by the security afforded
to it by the terms of this Indenture, the Trustee before making such
investigation may require reasonable indemnity against such costs, expenses or
liabilities. Any further evidence that may be requested by the Trustee pursuant
to any of the provisions of this paragraph shall be furnished by the Company at
its own expense, and any cost, expenses and liabilities incurred by the Trustee
pursuant to any of the provisions of this paragraph shall be paid by the
Company, or, if paid by the Trustee, shall be repaid by the Company, upon
demand, with interest at the lowest rate borne by the Debt Securities of any
series, but in no event less than 5%, and, until such repayment, shall be
secured by a lien on any moneys held by the Trustee hereunder prior to any
rights therein of the Holders of Debt Securities.

SECTION 1404. Conflict with Trust Indenture Act.

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

SECTION 1405. Notices, etc., to Trustee and Company.

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

          (1) the Trustee by any Holder or by the Company shall be sufficient
     for every purpose hereunder if made, given, furnished or filed in writing
     to or with the Trustee at its Corporate Trust Office, or

                                       84
<PAGE>

          (2) the Company by the Trustee or by any Holder shall be sufficient
     for every purpose hereunder (unless otherwise herein expressly provided) if
     in writing and mailed, first-class postage prepaid, to the Company
     addressed to it at Two Limited Parkway, Columbus, Ohio 43216, attention:
     Chief Financial Officer, or at any other address previously furnished in
     writing to the Trustee by the Company. Any request, demand, authorization,
     direction, notice, consent or waiver addressed as provided in this
     Subsection (2) and given by first-class mail, postage prepaid, shall be
     conclusively presumed given when mailed.

SECTION 1406. Notice to Holders; Waiver.

     Where this Indenture provides for notice to Holders of any event, such
notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid, to each Holder affected
by such event, at his address as it appears in the Security Register, not later
than the latest date, and not earlier than the earliest date, prescribed for the
giving of such notice. In any case where notice to Holders is given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed,
to any particular Holder shall affect the sufficiency of such notice with
respect to other Holders. Where this Indenture provides for notice in any
manner, such notice may be waived in writing by the Person entitled to receive
such notice. Waivers of notice by Holders shall be with the Trustee, but such
filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

     If, in the event of suspension of regular mail service or for any other
reason, it shall be impracticable to give such notice by mail, then such
notification as shall be made with the approval of the Trustee shall constitute
a sufficient notification for every purpose hereunder.

SECTION 1407. Effect of Headings and Table of Contents.

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

SECTION 1408. Successors and Assigns.

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

SECTION 1409. Separability Clause.

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

                                       85
<PAGE>

SECTION 1410. Governing Law.

     This Indenture and the Debt Securities shall be governed by and construed
in accordance with the laws of the State of New York.

SECTION 1411. Legal Holidays.

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

SECTION 1412. Execution in Counterparts.

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

                                       86
<PAGE>

     IN WITNESS WHEREOF, THE LIMITED, INC. has caused this Indenture to be
executed in its corporate name by one of its officers thereunto duly authorized,
and its corporate seal to be hereunto affixed and to be attested by its
Secretary, an Assistant Secretary, its Treasurer or an Assistant Treasurer, and
THE BANK OF NEW YORK has caused this Indenture to be executed in its corporate
name by one of its officers thereunto duly authorized, and its corporate seal to
be hereunto affixed and to be attested by one of its authorized officers, all as
of the date first above written.

                                           THE LIMITED, INC.

[CORPORATE SEAL]                           By: /s/ Margaret T. Monaco
                                               ---------------------------------
                                               Print Name:  Margaret T. Monaco
                                               Print Title: VP-Treasurer

Attest: /s/ Patrick C. Hectorne
        -----------------------------
 Print Name:  Patrick C. Hectorne
 Print Title: Assistant Treasurer

                                           THE BANK OF NEW YORK

[CORPORATE SEAL]                           By: /s/ Vincent P. McConnell
                                               ---------------------------------
                                           Print Name:  Vincent P. McConnell
                                           Print Title: Assistant Vice President

Attest: /s/ Lloyd A. McKenzie
        -----------------------------
Print Name:  Lloyd A. McKenzie
Print Title: Assistant Vice President

                                       87
<PAGE>

STATE OF OHIO          :
                       : ss.:
COUNTY OF FRANKLIN     :

     On the day 23rd day of March, in the year 1989, before me personally came
Margaret Monaco to me known, who, being by me duly sworn, did depose and say
that [s]he resides at Columbus, Ohio; that [s]he is the Vice President of The
Limited, Inc., a Delaware corporation, the corporation described in and which
executed the above instrument; that [s]he knows the seal of said corporation;
that the seal affixed to said instrument bearing the corporate name of said
corporation is such corporate seal; that it was so affixed by authority of the
Board of Directors of said corporation, and that [s]he signed his name thereto
by like authority.

                                     /s/ Susan L. Flynn
                                     -------------------------------------------
                                     Print Name: Susan L. Flynn
                                                 -------------------------------
                                                Notary Public
                                     Serial Number, if any:
                                                            --------------------
                                     My commission expires:  September 16, 1993
                                                            --------------------

STATE OF NEW YORK      :
                       : ss.:
COUNTY OF NEW YORK     :

     On the day 22nd day of March, in the year 1989, before me personally came
Vincent P. McConnell to me known, who, being by me duly sworn, did depose and
say that he resides at Brooklyn, N.Y., that he is the Assistant Vice President
of The Bank of New York, the corporation described in and which executed the
foregoing instrument; that he knows the seal of said corporation; that the seal
affixed to said instrument bearing the corporate name of said corporation is
such corporate seal; that it was so affixed by authority of the Board of
Directors of said corporation, and that he signed his name thereto by like
authority.

[CORPORATE SEAL]
                                             /s/ William I. McGann
                                             -----------------------------------

                                       88
<PAGE>

                                                                       Exhibit A

                     Form of election to receive payments in
                     [Dollars or other applicable currency]
                           or to rescind such election

     The undersigned, registered owner of certificate number R- , representing
[name of series of Debt Securities] of The Limited, Inc. (the "Debt Securities")
in an aggregate principal amount of           , hereby.

               [ ]  elects to receive all payments in respect of the Debt
                    Securities in [Dollars or other applicable currency], it
                    being understood that such election shall take effect as
                    provided in the Debt Securities and, subject to the terms
                    and conditions set forth in the indenture under which the
                    Debt Securities were issued, shall remain in effect until it
                    is rescinded by the undersigned or until such certificate is
                    transferred.

               [ ]  rescinds the election previously submitted by the
                    undersigned to receive all payments in respect of the Debt
                    Securities in [Dollars or other applicable currency], it
                    being understood that such rescission shall take effect as
                    provided in the Debt Securities.

                                             -----------------------------------
                                                       (Name of Owner)

                                             -----------------------------------
                                                    (Signature of Owner)

                                       89<PAGE>
                                                                     Exhibit 4.1

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

                                AMERUS GROUP CO.

                                       AND

                                 Wachovia Bank,
                              National Association
                           as Purchase Contract Agent

                      FORM OF PURCHASE CONTRACT AGREEMENT

                            Dated as of May __, 2003

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

                                       i
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                             PAGE
<S>                                                                                          <C>
RECITALS .................................................................................     1

ARTICLE I    DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION .....................     1

     SECTION 1.1    DEFINITIONS ..........................................................     1

     SECTION 1.2    COMPLIANCE CERTIFICATES AND OPINIONS .................................    13

     SECTION 1.3    FORM OF DOCUMENTS DELIVERED TO AGENT .................................    14

     SECTION 1.4    ACTS OF HOLDERS; RECORD DATES ........................................    14

     SECTION 1.5    NOTICES ..............................................................    15

     SECTION 1.6    NOTICE TO HOLDERS; WAIVER ............................................    16

     SECTION 1.7    EFFECT OF HEADINGS AND TABLE OF CONTENTS .............................    16

     SECTION 1.8    SUCCESSORS AND ASSIGNS ...............................................    17

     SECTION 1.9    SEPARABILITY CLAUSE ..................................................    17

     SECTION 1.10   BENEFITS OF AGREEMENT ................................................    17

     SECTION 1.11   GOVERNING LAW ........................................................    17

     SECTION 1.12   LEGAL HOLIDAYS .......................................................    17

     SECTION 1.13   COUNTERPARTS .........................................................    17

     SECTION 1.14   INSPECTION OF AGREEMENT ..............................................    18

ARTICLE II   CERTIFICATE FORMS ...........................................................    18

     SECTION 2.1    FORMS OF CERTIFICATES GENERALLY ......................................    18

     SECTION 2.2    FORM OF AGENT'S CERTIFICATE OF AUTHENTICATION ........................    19

ARTICLE III  THE SECURITIES ..............................................................    19

     SECTION 3.1    TITLE AND TERMS; DENOMINATIONS .......................................    19

     SECTION 3.2    RIGHTS AND OBLIGATIONS EVIDENCED BY THE CERTIFICATES .................    19

     SECTION 3.3    EXECUTION, AUTHENTICATION, DELIVERY AND DATING .......................    20

     SECTION 3.4    TEMPORARY CERTIFICATES ...............................................    20

     SECTION 3.5    REGISTRATION; REGISTRATION OF TRANSFER AND EXCHANGE ..................    21

     SECTION 3.6    BOOK-ENTRY INTERESTS .................................................    22

     SECTION 3.7    NOTICES TO HOLDERS ...................................................    23

     SECTION 3.8    APPOINTMENT OF SUCCESSOR CLEARING AGENCY .............................    23

     SECTION 3.9    DEFINITIVE CERTIFICATES ..............................................    23
</TABLE>

                                       i
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                             PAGE
<S>                                                                                          <C>
     SECTION 3.10   MUTILATED, DESTROYED, LOST AND STOLEN CERTIFICATES ...................    23

     SECTION 3.11   PERSONS DEEMED OWNERS ................................................    24

     SECTION 3.12   CANCELLATION .........................................................    25

     SECTION 3.13   ESTABLISHMENT OR REESTABLISHMENT OF GROWTH PRIDES ....................    25

     SECTION 3.14   ESTABLISHMENT OR REESTABLISHMENT OF INCOME PRIDES ....................    27

     SECTION 3.15   TRANSFER OF COLLATERAL UPON OCCURRENCE OF TERMINATION EVENT ..........    29

     SECTION 3.16   NO CONSENT TO ASSUMPTION .............................................    30

ARTICLE IV   THE DEBT SECURITIES .........................................................    30

     SECTION 4.1    PAYMENT OF INTEREST; RIGHTS TO INTEREST PRESERVED; INTEREST RATE
                    RESET; NOTICE ........................................................    30

     SECTION 4.2    NOTICE AND VOTING ....................................................    31

     SECTION 4.3    SUBSTITUTION OF A TREASURY PORTFOLIO FOR DEBT SECURITIES .............    32

     SECTION 4.4    CONSENT TO TREATMENT FOR TAX PURPOSES ................................    33

ARTICLE V    THE PURCHASE CONTRACTS ......................................................    33

     SECTION 5.1    PURCHASE OF SHARES OF COMMON STOCK ...................................    33

     SECTION 5.2    CONTRACT ADJUSTMENT PAYMENTS .........................................    35

     SECTION 5.3    DEFERRAL OF PAYMENT DATES FOR CONTRACT ADJUSTMENT PAYMENTS ...........    35

     SECTION 5.4    PAYMENT OF PURCHASE PRICE ............................................    37

     SECTION 5.5    ISSUANCE OF SHARES OF COMMON STOCK ...................................    40

     SECTION 5.6    ADJUSTMENT OF SETTLEMENT RATE ........................................    41

     SECTION 5.7    NOTICE OF ADJUSTMENTS AND CERTAIN OTHER EVENTS .......................    46

     SECTION 5.8    TERMINATION EVENT; NOTICE ............................................    46

     SECTION 5.9    EARLY SETTLEMENT .....................................................    46

     SECTION 5.10   NO FRACTIONAL SHARES .................................................    48

     SECTION 5.11   CHARGES AND TAXES ....................................................    49
</TABLE>

                                       ii
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                             PAGE
<S>                                                                                          <C>
ARTICLE VI   REMEDIES ....................................................................    49

     SECTION 6.1    UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE CONTRACT ADJUSTMENT PAYMENTS
                    AND TO PURCHASE COMMON STOCK .........................................    49

     SECTION 6.2    RESTORATION OF RIGHTS AND REMEDIES ...................................    49

     SECTION 6.3    RIGHTS AND REMEDIES CUMULATIVE .......................................    49

     SECTION 6.4    DELAY OR OMISSION NOT WAIVER .........................................    50

     SECTION 6.5    UNDERTAKING FOR COSTS ................................................    50

     SECTION 6.6    WAIVER OF STAY OR EXTENSION LAWS .....................................    50

ARTICLE VII  THE AGENT ...................................................................    50

     SECTION 7.1    CERTAIN DUTIES AND RESPONSIBILITIES ..................................    50

     SECTION 7.2    NOTICE OF DEFAULT ....................................................    52

     SECTION 7.3    CERTAIN RIGHTS OF AGENT ..............................................    52

     SECTION 7.4    NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES ...............    53

     SECTION 7.5    MAY HOLD SECURITIES ..................................................    53

     SECTION 7.6    MONEY HELD IN CUSTODY ................................................    53

     SECTION 7.7    COMPENSATION AND REIMBURSEMENT .......................................    53

     SECTION 7.8    CORPORATE AGENT REQUIRED; ELIGIBILITY ................................    54

     SECTION 7.9    RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR ....................    54

     SECTION 7.10   ACCEPTANCE OF APPOINTMENT BY SUCCESSOR ...............................    55

     SECTION 7.11   MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS ..........    56

     SECTION 7.12   PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS ...............    56

     SECTION 7.13   NO OBLIGATIONS OF AGENT ..............................................    56

     SECTION 7.14   TAX COMPLIANCE .......................................................    56

ARTICLE VIII SUPPLEMENTAL AGREEMENTS .....................................................    57

     SECTION 8.1    SUPPLEMENTAL AGREEMENTS WITHOUT CONSENT OF HOLDERS ...................    57

     SECTION 8.2    SUPPLEMENTAL AGREEMENTS WITH CONSENT OF HOLDERS ......................    57

     SECTION 8.3    EXECUTION OF SUPPLEMENTAL AGREEMENTS .................................    58

     SECTION 8.4    EFFECT OF SUPPLEMENTAL AGREEMENTS ....................................    59
</TABLE>

                                       iii
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                             PAGE
<S>                                                                                          <C>
     SECTION 8.5    REFERENCE TO SUPPLEMENTAL AGREEMENTS .................................    59

ARTICLE IX   CONSOLIDATION, MERGER, SALE OR CONVEYANCE ...................................    59

     SECTION 9.1    COVENANT NOT TO MERGE, CONSOLIDATE, SELL OR CONVEY PROPERTY EXCEPT
                    UNDER CERTAIN CONDITIONS .............................................    59

     SECTION 9.2    RIGHTS AND DUTIES OF SUCCESSOR ENTITY ................................    59

     SECTION 9.3    OPINION OF COUNSEL GIVEN TO AGENT ....................................    60

ARTICLE X    COVENANTS ...................................................................    60

     SECTION 10.1   PERFORMANCE UNDER PURCHASE CONTRACTS .................................    60

     SECTION 10.2   MAINTENANCE OF OFFICE OR AGENCY ......................................    60

     SECTION 10.3   COMPANY TO RESERVE COMMON STOCK ......................................    61

     SECTION 10.4   COVENANTS AS TO COMMON STOCK .........................................    61

ARTICLE XI   TRUST INDENTURE ACT .........................................................    61

     SECTION 11.1   TRUST INDENTURE ACT; APPLICATION .....................................    61

     SECTION 11.2   LISTS OF HOLDERS OF SECURITIES .......................................    61

     SECTION 11.3   REPORTS BY THE AGENT .................................................    62

     SECTION 11.4   PERIODIC REPORTS TO AGENT ............................................    62

     SECTION 11.5   EVIDENCE OF COMPLIANCE WITH CONDITIONS PRECEDENT .....................    62

     SECTION 11.6   DEFAULTS; WAIVER .....................................................    62

     SECTION 11.7   AGENT'S KNOWLEDGE OF DEFAULTS ........................................    63

     SECTION 11.8   CONFLICTING INTERESTS ................................................    63

     SECTION 11.9   DIRECTION OF AGENT ...................................................    63
EXHIBIT A

EXHIBIT B

EXHIBIT C
</TABLE>

                                       iv
<PAGE>
      FORM OF PURCHASE CONTRACT AGREEMENT, dated as of May __, 2003, between
AmerUs Group Co., an Iowa corporation (the "Company"), and Wachovia Bank,
National Association, acting as purchase contract agent and attorney-in-fact for
the Holders of Securities from time to time (in any one or more of such
capacities, the "Agent").

                                    RECITALS

      The Company has duly authorized the execution and delivery of this
Agreement and the Certificates evidencing the Securities.

      All things necessary to make the Purchase Contracts, when the Certificates
are executed by the Company and authenticated, executed on behalf of the Holders
and delivered by the Agent, as provided in this Agreement, the valid obligations
of the Company and the Holders, and to constitute these presents a valid
agreement of the Company, in accordance with its terms, have been done.

                                   WITNESSETH:

      For and in consideration of the premises and the purchase of the
Securities by the Holders thereof, it is mutually agreed as follows:

                                   ARTICLE I

                        DEFINITIONS AND OTHER PROVISIONS
                             OF GENERAL APPLICATION

SECTION 1.1 DEFINITIONS.

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

      (a)   the terms defined in this Article have the meanings assigned to them
            in this Article and include the plural as well as the singular; and
            nouns and pronouns of the masculine gender include the feminine and
            neuter genders;

      (b)   all accounting terms not otherwise defined herein have the meanings
            assigned to them in accordance with generally accepted accounting
            principles in the United States;

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

      (d)   the following terms have the meanings given to them in this Section
            1.1(d):

      "Act" when used with respect to any Holder, has the meaning specified in
Section 1.4.

<PAGE>
      "Affiliate" has the same meaning as given to that term in Rule 405 of the
Securities Act of 1933, as amended, or any successor rule thereunder.

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

      "Agreement" means this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more agreements supplemental
hereto entered into pursuant to the applicable provisions hereof.

      "Applicable Benchmark Treasury" on a particular determination date shall
mean direct obligations of the United States (which may be obligations traded on
a when-issued basis only) having a maturity comparable to the remaining term to
maturity of the Debt Securities, after giving effect to any extension of the
maturity date of the Debt Securities on the Reset Date as agreed upon by the
Company and the Reset Agent. The yield for the Applicable Benchmark Treasury
will be the bid side yield displayed at 10:00 A.M., New York City time, on the
third Business Day immediately preceding the applicable Reset Date in the
Telerate system (or if the Telerate system is (a) no longer available on the
third Business Day immediately preceding such Reset Date or (b) in the opinion
of the Reset Agent (after consultation with the Company) no longer an
appropriate system from which to obtain such yield, such other nationally
recognized quotation system as, in the opinion of the Reset Agent (after
consultation with the Company), is appropriate). If such yield is not so
displayed, the yield for the Applicable Benchmark Treasury shall be, as
calculated by the Reset Agent, the yield to maturity for the Applicable
Benchmark Treasury, expressed as a bond equivalent on the basis of a year of 365
or 366 days, as applicable, and applied on a daily basis, and computed by taking
the arithmetic mean of the secondary market bid rates, as of 10:30 A.M., New
York City time, on the third Business Day immediately preceding the applicable
Reset Date of three leading United States government securities dealers selected
by the Reset Agent (after consultation with the Company) (which may include the
Reset Agent or an affiliate thereof).

      "Applicable Market Value" has the meaning specified in Section 5.1.

      "Applicable Ownership Interest" means, with respect to the U.S. Treasury
Securities in a Treasury Portfolio contained in an Income PRIDES, (1) for a
Remarketing Treasury Portfolio, (i) a 1/40, or 2.5%, undivided beneficial
ownership interest in a $1,000 principal or interest amount of a principal or
interest strip in a U.S. Treasury Security included in the Treasury Portfolio
that matures on or prior to August 15, 2006, (ii) for the originally scheduled
quarterly interest payment date on the Debt Securities that would have occurred
on August 16, 2006 if no remarketing had occurred, an undivided beneficial
ownership interest to be determined by the Reset Agent in a $1,000 principal or
interest amount of a principal or interest strip in a U.S. Treasury Security
maturing on or prior to August 16, 2006, and (iii) if the Reset Date occurs
prior to May 16, 2006, for the originally scheduled quarterly interest payment
date on the Debt Securities that would have occurred on May 16, 2006 if no
remarketing had occurred, an undivided beneficial ownership interest to be
determined by the reset agent, in a $1,000 principal or interest amount of a
principal or interest strip in a U.S. Treasury Security maturing on or prior to
May 16, 2006, or (2) for a Tax Event Treasury Portfolio, (i) a 1/40, or 2.5%,
undivided beneficial ownership interest in a $1,000 principal or interest amount
of a principal or interest strip in a U.S.

                                       2
<PAGE>
 Treasury Security included in the Treasury Portfolio that matures on or prior
to August 16, 2006, and (ii) for each scheduled interest payment date on the
Debt Securities that occurs after the Tax Event Redemption Date and on or prior
to August 16, 2006, a ______% undivided beneficial ownership interest in a
$1,000 principal or interest amount of a principal or interest strip in a U.S.
Treasury Security maturing on or prior to each such interest payment date.

      "Applicable Principal Amount" means (i) on any date prior to the Reset
Date, or if there is a Failed Remarketing, on or before August 16, 2006 the
aggregate principal amount of Debt Securities that are components of Income
PRIDES on such date or (ii) on or after the Reset Date, or if there is a Failed
Remarketing on or after August 16, 2006 the aggregate principal amount of the
Debt Securities outstanding on such date.

      "Authorized Officer" means the Chairman of the Board, the President, any
Vice President, the Treasurer, any Assistant Treasurer, or any other officer or
agent of the Company duly authorized by the Board of Directors to act in respect
of matters relating to this Agreement.

      "Authorized Newspaper" means a newspaper in the English language of
general circulation in the City of New York and generally published each
Business Day. As of the date of this Agreement, the Company anticipates that for
purposes of each Reset Announcement Date, the Authorized Newspaper will be the
Wall Street Journal.

      "Bankruptcy Code" means title 11 of the United States Code, or any other
law of the United States that from time to time provides a uniform system of
bankruptcy laws.

      "Beneficial Owner" means, with respect to a Book-Entry Interest, a Person
who is the beneficial owner of such Book-Entry Interest as reflected on the
books of the Clearing Agency or on the books of a Person maintaining an account
with such Clearing Agency (directly as a Clearing Agency Participant or as an
indirect participant, in each case in accordance with the rules of such Clearing
Agency).

      "Board of Directors" means the board of directors of the Company or a duly
authorized committee of that board.

      "Board Resolution" means one or more resolutions of the Board of
Directors, a copy of which has been certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and
to be in full force and effect on the date of such certification and delivered
to the Agent.

      "Book-Entry Interest" means a beneficial interest in a Global Certificate,
ownership and transfers of which shall be maintained and made through book
entries by a Clearing Agency as described in Section 3.6.

      "Business Day" means any day other than a Saturday, Sunday or any other
day on which banking institutions in New York City (in the State of New York)
are permitted or required by any applicable law to close.

      "Cash Merger" has the meaning specified in Section 5.9(b).

      "Cash Merger Early Settlement" has the meaning specified in Section
5.9(b).

                                       3

<PAGE>
      "Cash Merger Early Settlement Date" has the meaning specified in Section
5.9(b).

      "Cash Settlement" has the meaning specified in Section 5.4(a)(i).

      "Certificate" means an Income PRIDES Certificate or a Growth PRIDES
Certificate.

      "Clearing Agency" means an organization registered as a "Clearing Agency"
pursuant to Section 17A of the Exchange Act that is acting as a depositary for
the Securities and in whose name, or in the name of a nominee of that
organization, shall be registered as a Global Certificate and which shall
undertake to effect book entry transfers and pledges of the Securities.

      "Clearing Agency Participant" means a broker, dealer, bank, other
financial institution or other Person for whom from time to time the Clearing
Agency effects book entry transfers and pledges of securities deposited with the
Clearing Agency.

      "Closing Price" has the meaning specified in Section 5.1.

      "Collateral" has the meaning specified in Section 2.1 of the Pledge
Agreement.

      "Collateral Agent" means BNY Midwest Trust Company, as Collateral Agent
under the Pledge Agreement until a successor Collateral Agent shall have become
such pursuant to the applicable provisions of the Pledge Agreement, and
thereafter "Collateral Agent" shall mean the Person who is then the Collateral
Agent thereunder.

      "Collateral Substitution" means the substitution of the pledged components
of one type of Security for pledged components of the other type of Security in
connection with establishment or reestablishment of Growth PRIDES or Income
PRIDES, as described in Sections 3.13 and 3.14 hereof.

      "Common Stock" means the Common Stock, without par value, of the Company.

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

      "Company Certificate" means a certificate signed by an Authorized Officer
and delivered to the Agent.

      "Contract Adjustment Payments" means the amounts payable by the Company in
respect of each Purchase Contract issued in connection with the Income PRIDES
and the Growth PRIDES, which amounts shall be equal to ____% per annum of the
Stated Amount; computed on the basis of a 360-day year of twelve 30-day months,
plus any Deferred Contract Adjustment Payments accrued pursuant to Section 5.3.

      "Corporate Trust Office" means the corporate trust office of the Agent at
which, at any particular time, its corporate trust business shall be principally
administered, which office at the date hereof is located at ______________.

                                       4

<PAGE>
      "Coupon Rate" with respect to a Debt Security means the percentage rate
per annum at which such Debt Security will bear interest.

      "Current Market Price" has the meaning specified in Section 5.6(a)(8).

      "Debt Securities" means the series of debt securities of the Company to be
designated "Senior Notes initially due 2008" issued under the Indenture.

      "Default" means a default by the Company in any of its obligations under
this Agreement.

      "Deferred Contract Adjustment Payments" has the meaning specified in
Section 5.3.

      "Depositary" means, initially, DTC until another Clearing Agency becomes
its successor.

      "DTC" means The Depository Trust Company, the initial Clearing Agency.

      "Early Settlement" has the meaning specified in Section 5.9(a).

      "Early Settlement Amount" has the meaning specified in Section 5.9(a).

      "Early Settlement Date" has the meaning specified in Section 5.9(a).

      "Early Settlement Rate" has the meaning specified in Section 5.9(b).

      "Exchange Act" means the Securities Exchange Act of 1934 and any statute
successor thereto, in each case as amended from time to time, and the rules and
regulations promulgated thereunder.

      "Expiration Date" has the meaning specified in Section 1.4.

      "Expiration Time" has the meaning specified in Section 5.6(a)(6).

      "Failed Remarketing" means an attempted remarketing of the Debt Securities
on the third Business Day immediately prior to August 16, 2008 that does not
occur because a condition precedent to such remarketing is not fulfilled, or if
in spite of using its reasonable efforts, the Remarketing Agent cannot remarket
the Debt Securities of Holders of Income PRIDES at a price not less than 100% of
the aggregate principal amount of such Debt Securities plus accrued and unpaid
interest.

      "Global Certificate" means a Certificate that evidences all or part of the
Securities and is registered in the name of a Depositary or a nominee thereof.

                                       5
<PAGE>
      "Growth PRIDES" means a Security, initially issued in substantially the
form set forth as Exhibit B hereto in a Stated Amount of $25, which represents
(i) a 1/40 undivided beneficial ownership in a Treasury Security having a
principal amount at maturity equal to $1,000, and (ii) the rights and
obligations of the Company and the Holder under one Purchase Contract.

      "Growth PRIDES Certificate" means a certificate evidencing the rights and
obligations of a Holder in respect of the number of Growth PRIDES specified on
such certificate.

      "Growth PRIDES Register" and "Growth PRIDES Registrar" have the respective
meanings specified in Section 3.5.

      "Holder," when used with respect to a Security, means the Person in whose
name the Security evidenced by an Income PRIDES Certificate and/or a Growth
PRIDES Certificate is registered on the Income PRIDES Register and/or the Growth
PRIDES Register, as the case may be.

      "Income PRIDES" means a Security, initially issued in substantially the
form set forth as Exhibit A hereto in the Stated Amount of $25, which represents
(i) beneficial ownership by the Holder of either (a) prior to the occurrence of
a Tax Event Redemption (1) one Debt Security in a principal amount of $25, or
(2) on and after the Reset Date, an Applicable Ownership Interest in the
Remarketing Treasury Portfolio, subject to the Pledge of such Debt Security or
Applicable Ownership Interest in the Remarketing Treasury Portfolio by the
Holder pursuant to the Pledge Agreement or (b) upon the occurrence of a Tax
Event Redemption prior to the Purchase Contract Settlement Date, an Applicable
Ownership Interest in a Tax Event Treasury Portfolio, subject to the Pledge of
such Applicable Ownership Interest in the Tax Event Treasury Portfolio by the
Holder pursuant to the Pledge Agreement, and (ii) the rights and obligations of
the Holder under one Purchase Contract.

      "Income PRIDES Certificate" means a certificate evidencing the rights and
obligations of a Holder in respect of the number of Income PRIDES specified on
such certificate.

      "Income PRIDES Register" and "Income PRIDES Registrar" have the respective
meanings specified in Section 3.5.

      "Indenture" means the Indenture, dated as of June 16, 1998, between the
Company and the Indenture Trustee pursuant to which the Debt Securities are to
be issued, as originally executed and delivered and as it may from time to time
be supplemented or amended by one or more indentures supplemental thereto
entered into pursuant to the applicable provisions thereof and shall include the
terms of a particular series of securities established as contemplated by
Section 3.01 thereof.

      "Indenture Trustee" means Wachovia Bank, National Association, as trustee
under the Indenture, or any successor thereto.

      "Interest Payment Date" means the interest payment dates on the Debt
Securities.

      "Issuer Order" or "Issuer Request" means a written order or request signed
in the name of the Company by an Authorized Officer and delivered to the Agent.

                                       6
<PAGE>
      "NYSE" has the meaning specified in Section 5.1.

      "Officer's Certificate" means a certificate signed by an authorized
signatory of the Company establishing the terms of the debt securities of any
series pursuant to the Indenture.

      "Opinion of Counsel" means an opinion in writing signed by legal counsel,
who may be an employee of or counsel to the Company or an Affiliate and who
shall be reasonably acceptable to the Agent.

      "Outstanding," with respect to any Income PRIDES or Growth PRIDES means,
as of the date of determination, all Income PRIDES or Growth PRIDES evidenced by
Certificates theretofore authenticated, executed and delivered under this
Agreement, except:

      (i) If a Termination Event has occurred, (A) Growth PRIDES for which
Treasury Securities have been deposited with the Agent in trust for the Holders
of such Growth PRIDES and (B) Income PRIDES for which Debt Securities or the
appropriate Applicable Ownership Interest in a Treasury Portfolio (or as
contemplated in Section 3.15 hereto with respect to a Holder's interest in the
Treasury Portfolio, cash) has been theretofore deposited with the Agent in trust
for the Holders of such Income PRIDES;

      (ii) Income PRIDES and Growth PRIDES evidenced by Certificates theretofore
cancelled by the Agent or delivered to the Agent for cancellation or deemed
cancelled pursuant to the provisions of this Agreement; and

      (iii) Income PRIDES and Growth PRIDES evidenced by Certificates in
exchange for or in lieu of which other Certificates have been authenticated,
executed on behalf of the Holder and delivered pursuant to this Agreement, other
than any such Certificate in respect of which there shall have been presented to
the Agent proof satisfactory to it that such Certificate is held by a bona fide
purchaser in whose hands the Income PRIDES or Growth PRIDES evidenced by such
Certificate are valid obligations of the Company;

      provided, however, that in determining whether the Holders of the
requisite number of the Income PRIDES or Growth PRIDES have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, Income
PRIDES or Growth PRIDES owned by the Company or any Affiliate of the Company
shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Agent shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver, only
Income PRIDES or Growth PRIDES which a Responsible Officer of the Agent actually
knows to be so owned shall be so disregarded. Income PRIDES or Growth PRIDES so
owned which have been pledged in good faith may be regarded as Outstanding
Securities if the pledgee establishes to the satisfaction of the Agent the
pledgee's right so to act with respect to such Income PRIDES or Growth PRIDES
and that the pledgee is not the Company or any Affiliate of the Company.

      "Payment Date" means each of February 16, May 16, August 16 and
November 16, commencing August 16, 2003.

      "Permitted Investments" has the meaning set forth in Article I of the
Pledge Agreement.

                                       7
<PAGE>
      "Person" means a legal person, including any individual, corporation,
estate, partnership, joint venture, association, joint-stock company, limited
liability company, trust, unincorporated association or government or any agency
or political subdivision thereof or any other entity of whatever nature.

      "Pledge" means the pledge under the Pledge Agreement of the Debt
Securities, the Treasury Securities or the appropriate Applicable Ownership
Interest in a Treasury Portfolio, in each case constituting a part of the
Securities.

      "Pledge Agreement" means the Pledge Agreement, dated as of the date
hereof, by and among the Company, the Agent, as purchase contract agent and as
attorney-in-fact for the Holders from time to time of Securities, and the
Collateral Agent, as the collateral agent, the custodial agent and the
securities intermediary.

      "Pledged Applicable Ownership Interest in a Treasury Portfolio" has the
meaning specified in Section 2.1 of the Pledge Agreement.

      "Pledged Debt Securities" has the meaning specified in Section 2.1 of the
Pledge Agreement.

      "Pledged Treasury Securities" has the meaning specified in Section 2.1 of
the Pledge Agreement.

      "Predecessor Certificate" means a Predecessor Income PRIDES Certificate or
a Predecessor Growth PRIDES Certificate.

      "Predecessor Income PRIDES Certificate" of any particular Income PRIDES
Certificate means every previous Income PRIDES Certificate evidencing all or a
portion of the rights and obligations of the Company and the Holder under the
Income PRIDES evidenced thereby; and, for the purposes of this definition, any
Income PRIDES Certificate authenticated and delivered under Section 3.10 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Income PRIDES
Certificate shall be deemed to evidence the same rights and obligations of the
Company and the Holder as the mutilated, destroyed, lost or stolen Income PRIDES
Certificate.

      "Predecessor Growth PRIDES Certificate" of any particular Growth PRIDES
Certificate means every previous Growth PRIDES Certificate evidencing all or a
portion of the rights and obligations of the Company and the Holder under the
Growth PRIDES evidenced thereby; and, for the purposes of this definition, any
Growth PRIDES Certificate authenticated and delivered under Section 3.10 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Growth PRIDES
Certificate shall be deemed to evidence the same rights and obligations of the
Company and the Holder as the mutilated, destroyed, lost or stolen Growth PRIDES
Certificate.

      "Primary Treasury Dealer" means a primary U.S. government securities
dealer in New York City.

      "Proceeds" has the meaning set forth in Article I of the Pledge Agreement.

                                       8
<PAGE>
      "Purchase Contract," when used with respect to any Security, means the
contract forming a part of such Security and obligating the Company (A) to sell
to the Holder of such Security and the Holder of such Security to purchase not
later than the Purchase Contract Settlement Date, for $25 in cash, a number of
newly issued shares of Common Stock equal to the applicable Settlement Rate, and
(B) to pay the Holder Contract Adjustment Payments on the terms and subject to
the conditions set forth in Article Five hereof.

      "Purchase Contract Settlement Date" means August 16, 2006.

      "Purchase Contract Settlement Fund" has the meaning specified in Section
5.5.

      "Purchase Price" has the meaning specified in Section 5.1.

      "Purchased Shares" has the meaning specified in Section 5.6(a)(6).

      "Quotation Agent" means (i) Merrill Lynch Government Securities, Inc. or
its successor, provided, however, that, if the foregoing shall cease to be a
Primary Treasury Dealer, the Company shall substitute therefor another Primary
Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the
Company.

      "Record Date" for the payment of interest, distribution and Contract
Adjustment Payments payable on any Payment Date means, as to any Global
Certificate, 15 Business Days immediately prior to such Payment Date, and as to
any other Certificate, a day selected by the Company which shall be at least one
Business Day but not more than 60 Business Days prior to such Payment Date (and
which shall correspond to the related record date for the Debt Securities).

      "Redemption Amount" means for each Debt Security, the product of (i) the
principal amount of such Debt Security and (ii) a fraction whose numerator is
the applicable Treasury Portfolio Purchase Price and whose denominator is the
Applicable Principal Amount.

      "Redemption Price" means an amount per Debt Security equal to the
Redemption Amount plus accrued and unpaid interest, if any, to the date of
redemption.

      "Reference Price" has the meaning specified in Section 5.1.

      "Register" means the Income PRIDES Register and the Growth PRIDES
Register.

      "Registrar" means the Income PRIDES Registrar and the Growth PRIDES
Registrar.

      "Remarketing Agent" means Merrill Lynch, Pierce, Fenner & Smith
Incorporated.

      "Remarketing Agreement" means a Remarketing Agreement contemplated by
Section 5.4 by and between the Company, the Remarketing Agent and the Purchase
Contract Agent, including any supplements thereto.

      "Remarketing Date(s)" means (i) one or more Business Days selected by the
Company as a date on which the Remarketing Agent shall remarket the Debt
Securities, provided that no more than two such Remarketing Dates shall be
selected by the Company during each of (a) the period from the third Business
Day immediately preceding February 16, 2006 to April 31, 2006, and (b) the
period from June 1, 2006 to August 1, 2006, (ii) unless there has been a
successful remarketing of the Debt Securities prior to such date, the third
Business Day immediately preceding May 16, 2006, and (iii) unless there has been
a successful remarketing of the Debt Securities prior to such date, the third
Business Day immediately preceding August 16, 2006.

                                       9
<PAGE>
      "Remarketing Fee" means 25 basis points (0.25%) of the aggregate principal
amount of the remarketed Debt Securities if the maturity date of the remarketed
Debt Securities is on or prior to August 16, 2008, or, if the maturity date of
the Debt Securities is extended on the Reset Date, such other amount as agreed
between the Company and the Remarketing Agent.

      "Remarketing Treasury Portfolio" means (a) interest or principal strips of
U.S. Treasury Securities that mature on or prior to August 15, 2006, in an
aggregate amount equal to the principal amount of the Debt Securities included
in Income PRIDES; (b) if the Reset Date occurs prior to August 18, 2006 with
respect to the originally scheduled quarterly interest payment date on the Debt
Securities that would have occurred on August 16, 2006, interest or principal
strips of U.S. Treasury Securities that mature on or prior to August 16, 2006 in
an aggregate amount equal to the aggregate interest payment that would be due on
August 16, 2006 on the principal amount of the Debt Securities that would have
been included in Income PRIDES assuming no remarketing, assuming that the
interest rate on the Debt Securities was not reset and assuming that interest on
the Debt Securities accrued from the later of the Reset Date and May 16, 2006
to, but excluding August 16, 2006; and (c) if the Reset Date occurs prior to May
16, 2006, with respect to the originally scheduled quarterly interest payment
date on the Debt Securities that would have occurred on May 16, 2006, interest
or principal strips of U.S. Treasury Securities that mature on or prior to May
16, 2006 in an aggregate amount equal to the aggregate interest payment that
would be due on May 16, 2006 on the principal amount of the Debt Securities that
would have been included in the Income PRIDES assuming no remarketing, assuming
no reset of the interest rate on the Debt Securities and assuming that interest
on the Debt Securities accrued from the Reset Date to, but excluding, May 16,
2006.

      "Remarketing Treasury Portfolio Purchase Price" means the lowest aggregate
price quoted by a Primary Treasury Dealer to the Quotation Agent on the third
Business Day immediately preceding the Reset Date for the purchase of the
Remarketing Treasury Portfolio for settlement on the Reset Date.

      "Reorganization Event" has the meaning specified in Section 5.6(b).

      "Reset Agent" means Merrill Lynch, Pierce, Fenner & Smith Incorporated, or
such other Reset Agent as the Company shall select from time to time.

      "Reset Announcement Date" means the seventh Business Day immediately
preceding each proposed the Reset Date, which is the date on which the Reset
Spread, and the Applicable Benchmark Treasury will be announced by the Company.

     "Reset Date" means the third Business Day immediately following the
Remarketing Date on which the Debt Securities are successfully remarketed. If
the Debt Securities are not successfully remarketed, there shall be no Reset
Date.

      "Reset Rate" means the Coupon Rate to be in effect for the Debt Securities
on and after the Reset Date and determined as provided in Section 4.1.

                                       10
<PAGE>
            "Reset Spread" means an amount determined by the Reset Agent which,
when added to the Applicable Benchmark Treasury in effect on a Remarketing Date,
will produce the rate the Debt Securities should bear in order to have an
approximate market value on the Reset Date of (a) if the Remarketing Date is a
date other than the third Business Day immediately prior to August 16, 2006, (i)
100.25% multiplied by the Remarketing Treasury Portfolio Purchase Price, plus
(ii) the Remarketing Fee, or (b) if the Remarketing Date is the third Business
Day immediately prior to August 16 2006 (i) 100.25% multiplied by the aggregate
principal amount of the Debt Securities plus (ii) the Remarketing Fee; provided
that the Reset Rate shall in no event exceed the maximum permitted by applicable
law.

      "Responsible Officer," when used with respect to the Agent, means any
vice president, assistant vice president, trust officers or other officer of the
agent assigned by the agent to the corporate trust administration division of
the agent (or any successor division or department of the agent).

      "Security" means an Income PRIDES or a Growth PRIDES.

      "Senior Indebtedness" means indebtedness of any kind of the Company
(including the Debt Securities) unless the instrument under which such
indebtedness is incurred expressly provides that it is in parity or subordinate
in right of payment to the Contract Adjustment Payments.

      "Settlement Rate" has the meaning specified in Section 5.1.

      "Stated Amount" means $25, which is equal to the stated amount of an
Income PRIDES and the stated amount of a Growth PRIDES.

      "Tax Event" means the receipt by the Company of an opinion of a nationally
recognized independent tax counsel experienced in such matters to the effect
that, as a result of (a) any amendment to, change in, or announced proposed
change in, the laws (or any regulations thereunder) of the United States or any
political subdivision or taxing authority thereof or therein affecting taxation,
(b) any amendment to or change in an interpretation or application of any such
laws or regulations by any legislative body, court, governmental agency or
regulatory authority or (c) any interpretation or pronouncement by any such
legislative body, court, governmental agency or regulatory authority that
provides for a position with respect to any such laws or regulations that
differs from the generally accepted position on May 22, 2003, which amendment,
change or proposed change is effective or which interpretation or pronouncement
is announced on or after May 22, 2003, there is more than an insubstantial risk
that interest payable by the Company on the Debt Securities would not be
deductible, in whole or in part, by the Company for United States federal income
tax purposes.

      "Tax Event Redemption" means, if a Tax Event shall occur and be
continuing, the redemption of Debt Securities, in whole but not in part, at the
option of the Company on not less than 30 days nor more than 60 days notice.

      "Tax Event Redemption Date" means the date on which a Tax Event Redemption
is to occur.

                                       11
<PAGE>
      "Tax Event Treasury Portfolio" means (a) if the Tax Event Redemption
occurs prior to the Reset Date, or if there is a Failed Remarketing of the Debt
Securities prior to August 16, 2006 (i) interest or principal strips of U.S.
Treasury Securities that mature on or prior to August 15, 2006 in an aggregate
amount equal to the principal amount of Debt Securities included in the Income
PRIDES, and (ii) with respect to each scheduled interest payment date on the
Debt Securities that occurs after the Tax Event Redemption and on or before
August 16, 2006, interest or principal strips of U.S. Treasury Securities which
mature on or prior to that interest payment date in an aggregate amount equal to
the aggregate interest payment that would be due on the aggregate principal
amount of the Debt Securities on that date if the interest rate of the Debt
Securities subject to the Pledge as a part of the Securities was not reset on
the Reset Date; or (b) if the Tax Event Redemption occurs on or after the Reset
Date, or if there is a Failed Remarketing of the Debt Securities, on or after
August 16, 2006 (i) interest or principal strips of U.S. Treasury Securities
that mature on or prior to the maturity date of the Debt Securities in an
aggregate amount equal to the principal amount of Debt Securities outstanding,
and (ii) with respect to each scheduled interest payment date on the Debt
Securities that occurs after the Tax Event Redemption and on or before May 16,
2008 (or if the maturity date of the Debt Securities is extended to a later
date, on or prior to such later maturity date), interest or principal strips of
U.S. Treasury Securities which mature on or prior to that interest payment date
in an aggregate amount equal to the aggregate interest payment that would be due
on the aggregate principal amount of the Debt Securities outstanding on that
date.

      "Tax Event Treasury Portfolio Purchase Price" means the lowest aggregate
price quoted by the Primary Treasury Dealer to the Quotation Agent on the third
Business Day immediately preceding the Tax Event Redemption Date for the
purchase of the Tax Event Treasury Portfolio for settlement on the Tax Event
Redemption Date.

      "Termination Date" means the date, if any, on which a Termination Event
occurs.

      "Termination Event" means the occurrence of any of the following events:
(i) at any time on or prior to the Purchase Contract Settlement Date, a
judgment, decree or court order shall have been entered granting relief under
the Bankruptcy Code, adjudicating the Company to be insolvent, or approving as
properly filed a petition seeking reorganization or liquidation of the Company
or any other similar applicable Federal or State law, and, unless such judgment,
decree or order shall have been entered within 60 days prior to the Purchase
Contract Settlement Date, such decree or order shall have continued undischarged
and unstayed for a period of 60 days; or (ii) at any time on or prior to the
Purchase Contract Settlement Date, a judgment, decree or court order for the
appointment of a receiver or liquidator or trustee or assignee in bankruptcy or
insolvency of the Company or of its property, or for the winding up or
liquidation of its affairs, shall have been entered, and, unless such judgment,
decree or order shall have been entered within 60 days prior to the Purchase
Contract Settlement Date, such judgment, decree or order shall have continued
undischarged and unstayed for a period of 60 days; or (iii) at any time on or
prior to the Purchase Contract Settlement Date the Company shall file a petition
for relief under the Bankruptcy Code, or shall consent to the filing of a
bankruptcy proceeding against it, or shall file a petition or answer or consent
seeking reorganization or liquidation under the Bankruptcy Code or any other
similar applicable Federal or State law, or shall consent to the filing of any
such petition, or shall consent to the appointment of a receiver or liquidator
or trustee or assignee

                                       12
<PAGE>

in bankruptcy or insolvency of it or of its property, or shall make an
assignment for the benefit of creditors, or shall admit in writing its inability
to pay its debts generally as they become due.

      "Threshold Appreciation Price" has the meaning specified in Section 5.1.

      "TIA" means, as of any time, the Trust Indenture Act of 1939, as amended,
or any successor statute, as in effect at such time.

      "Trading Day" has the meaning specified in Section 5.1.

      "Treasury Portfolio" means, as applicable, the Remarketing Treasury
Portfolio or a Tax Event Treasury Portfolio.

      "Treasury Portfolio Purchase Price" means, as applicable, the Remarketing
Treasury Portfolio Purchase Price or the Tax Event Treasury Portfolio Purchase
Price.

      "Treasury Security" means a zero-coupon U.S. Treasury security having a
principal amount at maturity equal to $1,000 and maturing on August 15, 2006
(CUSIP No. ________).

      "Underwriting Agreement" means the Underwriting Agreement dated May 21,
2002 relating to the Income PRIDES between the Company and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, as representative of the underwriters named
therein.

      "Vice President" means any vice president, whether or not designated by a
number or a word or words added before or after the title "vice president."

SECTION 1.2 COMPLIANCE CERTIFICATES AND OPINIONS.

      Except as otherwise expressly provided by this Agreement, upon any
application or request by the Company to the Agent to take any action under any
provision of this Agreement, the Company shall furnish to the Agent a Company
Certificate stating that in the opinion of the Authorized Officer signing such
Company Certificate all conditions precedent, if any, provided for in this
Agreement relating to the proposed action have been complied with and an Opinion
of Counsel stating that, in the opinion of such counsel, all such conditions
precedent, if any, have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is
specifically required by any provision of this Agreement relating to such
particular application or request, no additional certificate or opinion need be
furnished.

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

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

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

                                       13
<PAGE>
            (3) a statement that, in the opinion of each such individual, he or
      she has made such examination or investigation as is necessary to enable
      such individual 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, in the opinion of each such
      individual, such condition or covenant has been complied with.

SECTION 1.3 FORM OF DOCUMENTS DELIVERED TO AGENT.

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

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

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

SECTION 1.4 ACTS OF HOLDERS; RECORD DATES.

            (a) Any request, demand, authorization, direction, notice, consent,
      waiver or other action provided by this Agreement to be given or taken by
      Holders may be embodied in and evidenced by one or more instruments of
      substantially similar tenor signed by such Holders in person or by agent
      duly appointed in writing; and, except as herein otherwise expressly
      provided, such action shall become effective when such instrument or
      instruments are delivered to the Agent and, where it is hereby expressly
      required, to the Company. Such instrument or instruments (and the action
      embodied therein and evidenced thereby) are herein sometimes referred to
      as the "Act" of the Holders signing such instrument or instruments. Proof
      of execution of any such instrument or of a writing appointing any such
      agent shall be sufficient for any purpose of this Agreement and (subject
      to Section 7.1) conclusive in favor of the Agent and the Company, if made
      in the manner provided in this Section.

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

                                       14
<PAGE>
            (c) The ownership of Securities shall be proved by the Income PRIDES
      Register or the Growth PRIDES Register, as the case may be.

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

            (e) The Company may set any day as a record date for the purpose of
      determining the Holders of Outstanding Securities entitled to give, make
      or take any request, demand, authorization, direction, notice, consent,
      waiver or other action provided or permitted by this Agreement to be
      given, made or taken by Holders of Securities. If any record date is set
      pursuant to this paragraph, the Holders of the Outstanding Income PRIDES
      and the Outstanding Growth PRIDES, as the case may be, on such record
      date, and no other Holders, shall be entitled to take the relevant action
      with respect to the Income PRIDES or the Growth PRIDES, as the case may
      be, whether or not such Holders remain Holders after such record date;
      provided that no such action shall be effective hereunder unless taken on
      or prior to the applicable Expiration Date by Holders of the requisite
      number of Outstanding Securities on such record date. Nothing in this
      paragraph shall be construed to prevent the Company from setting a new
      record date for any action for which a record date has previously been set
      pursuant to this paragraph (whereupon the record date previously set shall
      automatically and with no action by any Person be cancelled and of no
      effect), and nothing in this paragraph shall be construed to render
      ineffective any action taken by Holders of the requisite number of
      Outstanding Securities on the date such action is taken. Promptly after
      any record date is set pursuant to this paragraph, the Company, at its own
      expense, shall cause notice of such record date, the proposed action by
      Holders and the applicable Expiration Date to be given to the Agent in
      writing and to each Holder of Securities in the manner set forth in
      Section 1.6.

      With respect to any record date set pursuant to this Section, the Company
may designate any date as the "Expiration Date" and from time to time may change
the Expiration Date to any earlier or later day; provided that no such change
shall be effective unless notice of the proposed new Expiration Date is given to
the Agent in writing, and to each Holder of Securities in the manner set forth
in Section 1.6, on or prior to the existing Expiration Date. If an Expiration
Date is not designated with respect to any record date set pursuant to this
Section, the Company shall be deemed to have initially designated the 180th day
after such record date as the Expiration Date with respect thereto, subject to
its right to change the Expiration Date as provided in this paragraph.
Notwithstanding the foregoing, no Expiration Date shall be later than the 180th
day after the applicable record date.

SECTION 1.5 NOTICES.

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

                                       15
<PAGE>

            (1) the Agent by any Holder or by the Company shall be sufficient
      for every purpose hereunder (unless otherwise herein expressly provided)
      if made, given, furnished or filed in writing and personally delivered or
      mailed, first-class postage prepaid, to the Agent at _________,
      __________, Attention: __________, or at any other address previously
      furnished in writing by the Agent to the Holders and the Company;

            (2) the Company by the Agent or by any Holder shall be sufficient
      for every purpose hereunder (unless otherwise herein expressly provided)
      if made, given, furnished or filed in writing and personally delivered or
      mailed, first-class postage prepaid, to the Company at AmerUs Group Co.,
      699 Walnut Street, Des Moines, IA 50309, Attention: _________, or at any
      other address previously furnished in writing to the Agent by the Company;

            (3) ______ the Collateral Agent by the Agent, the Company or any
      Holder shall be sufficient for every purpose hereunder (unless otherwise
      herein expressly provided) if made, given, furnished or filed in writing
      and personally delivered or mailed, first-class postage prepaid, addressed
      to the Collateral Agent at __________ at _____________, Attention:
      ____________, or at any other address previously furnished in writing by
      the Collateral Agent to the Agent, the Company and the Holders; or

            (4) ______ the Indenture Trustee by the Company shall be sufficient
      for every purpose hereunder (unless otherwise herein expressly provided)
      if made, given, furnished or filed in writing and personally delivered or
      mailed, first-class postage prepaid, addressed to the Indenture Trustee at
      First Union National Bank, ______________________, Attention:
      _________________, or at any other address previously furnished in writing
      by the Indenture Trustee to the Company.

SECTION 1.6 NOTICE TO HOLDERS; WAIVER.

      Where this Agreement provides for notice to Holders of any event, such
notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid, to each Holder affected
by such event, at its address as it appears in the applicable Register, not
later than the latest date, and not earlier than the earliest date, prescribed
for the giving of such notice. In any case where notice to Holders is given by
mail, neither the failure to mail such notice, nor any defect in any notice so
mailed to any particular Holder shall affect the sufficiency of such notice with
respect to other Holders. Where this Agreement provides for notice in any
manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the
equivalent of such notice. Waivers of notice by Holders shall be filed with the
Agent, but such filing shall not be a condition precedent to the validity of any
action taken in reliance upon such waiver.

      In case by reason of the suspension of regular mail service or by reason
of any other cause it shall be impracticable to give such notice by mail, then
such notification as shall be made with the approval of the Agent shall
constitute a sufficient notification for every purpose hereunder.

                                       16
<PAGE>

SECTION 1.7 EFFECT OF HEADINGS AND TABLE OF CONTENTS.

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

SECTION 1.8 SUCCESSORS AND ASSIGNS.

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

SECTION 1.9 SEPARABILITY CLAUSE.

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

SECTION 1.10 BENEFITS OF AGREEMENT.

      Nothing in this Agreement or in the Securities, express or implied, shall
give to any Person, other than the parties hereto and their successors hereunder
and, to the extent provided hereby, the Holders, any benefits or any legal or
equitable right, remedy or claim under this Agreement. The Holders from time to
time shall be beneficiaries of this Agreement and shall be bound by all of the
terms and conditions hereof and of the Securities evidenced by their
Certificates by their acceptance of delivery of such Certificates.

SECTION 1.11 GOVERNING LAW.

      THIS AGREEMENT AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

SECTION 1.12 LEGAL HOLIDAYS.

      In any case where any Payment Date shall not be a Business Day, then
(notwithstanding any other provision of this Agreement or the Income PRIDES
Certificates or the Growth PRIDES Certificates) payment of the Contract
Adjustment Payments, if any, shall not be made on such date, but such payments
shall be made on the next succeeding Business Day with the same force and effect
as if made on such Payment Date, and no interest shall accrue or be payable by
the Company or any Holder for the period from and after any such Payment Date,
except that, if such next succeeding Business Day is in the next succeeding
calendar year, such payment shall be made on the immediately preceding Business
Day with the same force and effect as if made on such Payment Date.

      In any case where the Purchase Contract Settlement Date shall not be a
Business Day, then (notwithstanding any other provision of this Agreement, the
Income PRIDES Certificates or the Growth PRIDES Certificates), the Purchase
Contracts shall not be performed on such date, but the Purchase Contracts shall
be performed on the immediately following Business Day with the same force and
effect as if performed on the Purchase Contract Settlement Date.

                                       17
<PAGE>

SECTION 1.13 COUNTERPARTS.

         This Agreement may be executed in any number of counterparts by the
parties hereto on separate counterparts, each of which, when so executed and
delivered, shall be deemed an original, but all such counterparts shall together
constitute one and the same instrument.

SECTION 1.14 INSPECTION OF AGREEMENT.

         A copy of this Agreement shall be available at all reasonable times
during normal business hours at the Corporate Trust Office for inspection by any
Holder.

                                   ARTICLE II

                                CERTIFICATE FORMS

SECTION 2.1 FORMS OF CERTIFICATES GENERALLY.

         The Income PRIDES Certificates (including the form of Purchase Contract
forming part of the Income PRIDES evidenced thereby) shall be in substantially
the form set forth in Exhibit A hereto, with such letters, numbers or other
marks of identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as may be required by the rules of any
securities exchange on which the Income PRIDES are listed or any depositary
therefor, or as may, consistently herewith, be determined by the officers of the
Company executing such Income PRIDES Certificates, as evidenced by their
execution of the Income PRIDES Certificates.

         The definitive Income PRIDES Certificates shall be printed,
lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by the officers of the Company executing the
Income PRIDES evidenced by such Income PRIDES Certificates, consistent with the
provisions of this Agreement, as evidenced by their execution thereof.

         The Growth PRIDES Certificates (including the form of Purchase
Contracts forming part of the Growth PRIDES evidenced thereby) shall be in
substantially the form set forth in Exhibit B hereto, with such letters, numbers
or other marks of identification or designation and such legends or endorsements
printed, lithographed or engraved thereon as may be required by the rules of any
securities exchange on which the Growth PRIDES may be listed or any depositary
therefor, or as may, consistently herewith, be determined by the officers of the
Company executing such Growth PRIDES Certificates, as evidenced by their
execution of the Growth PRIDES Certificates.

         The definitive Growth PRIDES Certificates shall be printed,
lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by the officers of the Company executing the
Growth PRIDES evidenced by such Growth PRIDES Certificates, consistent with the
provisions of this Agreement, as evidenced by their execution thereof.

         Every Global Certificate authenticated, executed on behalf of the
Holders and delivered hereunder shall bear a legend in substantially the
following form:

                                       18
<PAGE>
         THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE
PURCHASE CONTRACT AGREEMENT (AS HEREINAFTER DEFINED) AND IS REGISTERED IN THE
NAME OF THE CLEARING AGENCY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF
THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY
PERSON OTHER THAN SUCH CLEARING AGENCY OR A NOMINEE THEREOF, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT.

SECTION 2.2 FORM OF AGENT'S CERTIFICATE OF AUTHENTICATION.

         The form of the Agent's certificate of authentication of the Income
PRIDES shall be in substantially the form set forth on the form of the Income
PRIDES Certificates set forth as Exhibit A hereto.

         The form of the Agent's certificate of authentication of the Growth
PRIDES shall be in substantially the form set forth on the form of the Growth
PRIDES Certificates set forth as Exhibit B hereto.

                                  ARTICLE III

                                 THE SECURITIES

SECTION 3.1 TITLE AND TERMS; DENOMINATIONS.

         The aggregate number of Income PRIDES and Growth PRIDES evidenced by
Certificates authenticated, executed on behalf of the Holders and delivered
hereunder is limited to ___________ units (or _________ if the overallotment
option provided for in the Underwriting Agreement is exercised in full) except
for Certificates authenticated, executed and delivered upon registration of
transfer of, in exchange for, or in lieu of, other Certificates pursuant to
Section 3.4, 3.5, 3.10, 3.12, 3.13, 5.9 or 8.5.

         The Certificates shall be issuable only in registered form and only in
denominations of a single Income PRIDES or Growth PRIDES and any integral
multiple thereof.

SECTION 3.2 RIGHTS AND OBLIGATIONS EVIDENCED BY THE CERTIFICATES.

         Each Income PRIDES Certificate shall evidence the number of Income
PRIDES specified therein, with each such Income PRIDES representing the
ownership by the Holder thereof of a beneficial interest in a Debt Security or
the Applicable Ownership Interest in the appropriate Treasury Portfolio, as the
case may be, subject to the Pledge of such Debt Security or Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, by such
Holder pursuant to the Pledge Agreement, and the rights and obligations of the
Holder thereof and the Company under one Purchase Contract. The Agent as
attorney-in-fact for, and on behalf of, the Holder of each Income PRIDES shall
pledge, pursuant to the Pledge Agreement, each Debt Security or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as the case may be,
forming a part of such Income PRIDES, to the Collateral Agent and grant to the
Collateral Agent a security interest in the right, title, and interest of such
Holder in such Debt

                                       19
<PAGE>
Security or Applicable Ownership Interest in the appropriate Treasury Portfolio,
as the case may be, for the benefit of the Company, to secure the obligation of
the Holder under one Purchase Contract to purchase the Common Stock of the
Company.

         Each Growth PRIDES Certificate shall evidence the number of Growth
PRIDES specified therein, with each such Growth PRIDES representing the
ownership by the Holder thereof of a 1/40, or 2.5%, undivided beneficial
interest in a Treasury Security, subject to the Pledge of such Treasury Security
by such Holder pursuant to the Pledge Agreement, and the rights and obligations
of the Holder thereof and the Company under one Purchase Contract. The Agent as
attorney-in-fact for, and on behalf of, the Holder of each Growth PRIDES shall
pledge, pursuant to the Pledge Agreement, each Treasury Security forming a part
of such Growth PRIDES, to the Collateral Agent and grant to the Collateral Agent
a security interest in the right, title, and interest of such Holder in such
Treasury Security for the benefit of the Company, to secure the obligation of
the Holder under one Purchase Contract to purchase the Common Stock of the
Company.

SECTION 3.3 EXECUTION, AUTHENTICATION, DELIVERY AND DATING.

         Subject to the provisions of Sections 3.13 and 3.14 hereof, upon the
execution and delivery of this Agreement, and at any time and from time to time
thereafter, the Company may deliver Certificates executed by the Company to the
Agent for authentication, execution on behalf of the Holders and delivery,
together with its Issuer Order for authentication of such Certificates, and the
Agent in accordance with such Issuer Order shall authenticate, execute on behalf
of the Holders and deliver such Certificates.

         The Certificates shall be executed on behalf of the Company by its
Chairman of the Board, its President, one of its Vice Presidents, its Treasurer,
one of its Assistant Treasurers, its Secretary or one of its Assistant
Secretaries. The signature of any of these officers on the Certificates may be
manual or facsimile.

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

         No Purchase Contract evidenced by a Certificate shall be valid until
such Certificate has been executed on behalf of the Holder by the manual
signature of an authorized signatory of the Agent, as such Holder's
attorney-in-fact. Such signature by an authorized signatory of the Agent shall
be conclusive evidence that the Holder of such Certificate has entered into the
Purchase Contracts evidenced by such Certificate.

         Each Certificate shall be dated the date of its authentication.

         No Certificate shall be entitled to any benefit under this Agreement or
be valid or obligatory for any purpose unless there appears on such Certificate
a certificate of authentication substantially in the form provided for herein
executed by an authorized signatory of the Agent by manual signature, and such
certificate upon any Certificate shall be conclusive evidence, and the only
evidence, that such Certificate has been duly authenticated and delivered
hereunder.

                                       20
<PAGE>
SECTION 3.4 TEMPORARY CERTIFICATES.

         Pending the preparation of definitive Certificates, the Company shall
execute and deliver to the Agent, and the Agent shall authenticate, execute on
behalf of the Holders, and deliver, in lieu of such definitive Certificates,
temporary Certificates which are in substantially the forms set forth in Exhibit
A and Exhibit B hereto, with such letters, numbers or other marks of
identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as may be required by the rules of any
securities exchange on which the Income PRIDES or Growth PRIDES are listed, or
as may, consistently herewith, be determined by the officers of the Company
executing such Certificates, as evidenced by their execution of the
Certificates.

         If temporary Certificates are issued, the Company will cause definitive
Certificates to be prepared without unreasonable delay. After the preparation of
definitive Certificates, the temporary Certificates shall be exchangeable for
definitive Certificates upon surrender of the temporary Certificates at the
Corporate Trust Office, at the expense of the Company and without charge to the
Holder. Upon surrender for cancellation of any one or more temporary
Certificates, the Company shall execute and deliver to the Agent, and the Agent
shall authenticate, execute on behalf of the Holder, and deliver in exchange
therefor, one or more definitive Certificates of like tenor and denominations
and evidencing a like number of Income PRIDES or Growth PRIDES, as the case may
be, as the temporary Certificate or Certificates so surrendered. Until so
exchanged, the temporary Certificates shall in all respects evidence the same
benefits and the same obligations with respect to the Income PRIDES or Growth
PRIDES, as the case may be, evidenced thereby as definitive Certificates.

SECTION 3.5 REGISTRATION; REGISTRATION OF TRANSFER AND EXCHANGE.

         The Agent shall keep at the Corporate Trust Office a register (the
"Income PRIDES Register") in which, subject to such reasonable regulations as it
may prescribe, the Agent shall provide for the registration of Income PRIDES
Certificates and of transfers of Income PRIDES Certificates (the Agent, in such
capacity, the "Income PRIDES Registrar") and a register (the "Growth PRIDES
Register") in which, subject to such reasonable regulations as it may prescribe,
the Agent shall provide for the registration of the Growth PRIDES Certificates
and of transfers of Growth PRIDES Certificates (the Agent, in such capacity, the
"Growth PRIDES Registrar").

         Upon surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Company shall execute and deliver to the Agent, and
the Agent shall authenticate, execute on behalf of the designated transferee or
transferees, and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of any authorized denominations, like
tenor, and evidencing a like number of Income PRIDES or Growth PRIDES as the
case may be.

         At the option of the Holder, Certificates may be exchanged for other
Certificates, of any authorized denominations and evidencing a like number of
Income PRIDES or Growth PRIDES, as the case may be, upon surrender of the
Certificates to be exchanged at the Corporate Trust Office. Whenever any
Certificates are so surrendered for exchange, the Company shall execute and
deliver to the Agent, and the Agent shall authenticate, execute on behalf of the
Holder, and deliver the Certificates which the Holder making the exchange is
entitled to receive.

                                       21
<PAGE>
         All Certificates issued upon any registration of transfer or exchange
of a Certificate shall evidence the ownership of the same number of Income
PRIDES or Growth PRIDES, as the case may be, and be entitled to the same
benefits and subject to the same obligations, under this Agreement as the Income
PRIDES or Growth PRIDES, as the case may be, evidenced by the Certificate
surrendered upon such registration of transfer or exchange.

         Every Certificate presented or surrendered for registration of transfer
or for exchange shall (if so required by the Company or the Agent) be duly
endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Company and the Agent, duly executed by the Holder thereof
or its attorney duly authorized in writing.

         No service charge shall be made for any registration of transfer or
exchange of a Certificate, but the Company and the Agent may require payment
from the Holder of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or
exchange of Certificates, other than any exchanges pursuant to Sections 3.6 and
8.5 not involving any transfer.

         Notwithstanding the foregoing, the Company will not be obligated to
execute and deliver to the Agent, and the Agent will not be obligated to
authenticate, execute on behalf of the Holder and deliver any Certificate
presented or surrendered for registration of transfer or for exchange on or
after the Business Day immediately preceding the Purchase Contract Settlement
Date or on or after the Termination Date. In lieu of delivery of a new
Certificate, upon satisfaction of the applicable conditions specified above in
this Section and receipt of appropriate registration or transfer instructions
from such Holder, the Agent shall (i) if the Purchase Contract Settlement Date
has occurred, deliver the shares of Common Stock issuable in respect of the
Purchase Contracts forming a part of the Securities evidenced by such
Certificate, (ii) in the case of Income PRIDES, if a Termination Event shall
have occurred prior to the Purchase Contract Settlement Date, transfer the
aggregate principal amount of the Debt Securities or the aggregate Stated Amount
of the appropriate Treasury Portfolio, as applicable, evidenced thereby, or
(iii) in the case of Growth PRIDES, if a Termination Event shall have occurred
prior to the Purchase Contract Settlement Date, transfer the Treasury Securities
evidenced thereby, in each case subject to the applicable conditions and in
accordance with the applicable provisions of Article V hereof.

SECTION 3.6 BOOK-ENTRY INTERESTS.

         The Certificates, on original issuance, will be issued in the form of
one or more fully registered Global Certificates, to be delivered to the
Depositary or a nominee or custodian thereof by, or on behalf of, the Company.
Such Global Certificates shall initially be registered on the books and records
of the Company in the name of Cede & Co., the nominee of the Depositary, and no
Beneficial Owner will receive a definitive Certificate representing such
Beneficial Owner's interest in such Global Certificate, except as provided in
Section 3.9. The Agent shall enter into an agreement with the Depositary if so
requested by the Company. Unless and until definitive, fully registered
Certificates have been issued to Beneficial Owners pursuant to Section 3.9:

                  (a) the provisions of this Section 3.6 shall be in full force
         and effect;

                                       22
<PAGE>
                  (b) the Company shall be entitled to deal with the Clearing
         Agency for all purposes of this Agreement (including the payment of
         Contract Adjustment Payments, if any, and receiving approvals, votes or
         consents hereunder) as the Holder of the Securities and the sole holder
         of the Global Certificate(s) and shall have no obligation to the
         Beneficial Owners;

                  (c) to the extent that the provisions of this Section 3.6
         conflict with any other provisions of this Agreement, the provisions of
         this Section 3.6 shall control; and

                  (d) the rights of the Beneficial Owners shall be exercised
         only through the Clearing Agency and shall be limited to those
         established by law and agreements between such Beneficial Owners and
         the Clearing Agency and/or the Clearing Agency Participants. The
         Clearing Agency will make book entry transfers among Clearing Agency
         Participants and receive and transmit payments of Contract Adjustment
         Payments to such Clearing Agency Participants.

SECTION 3.7 NOTICES TO HOLDERS.

         Whenever a notice or other communication to the Holders is required to
be given under this Agreement, the Company or the Company's agent shall give
such notices and communications to the Holders and, with respect to any
Certificates registered in the name of a Clearing Agency or the nominee of a
Clearing Agency, the Company or the Company's agent shall, except as set forth
herein, have no obligations to the Beneficial Owners.

SECTION 3.8 APPOINTMENT OF SUCCESSOR CLEARING AGENCY.

         If any Clearing Agency elects to discontinue its services as securities
depositary with respect to the Securities, the Company may, in its sole
discretion, appoint a successor Clearing Agency with respect to the Securities.

SECTION 3.9 DEFINITIVE CERTIFICATES.

         If (i) a Clearing Agency elects to discontinue its services as
securities depositary with respect to the Securities and a successor Clearing
Agency is not appointed within 90 days after such discontinuance pursuant to
Section 3.8, or (ii) the Company elects to terminate the book-entry system
through the Clearing Agency with respect to the Securities, then upon surrender
of the Global Certificates representing the Book-Entry Interests with respect to
the Securities by the Clearing Agency, accompanied by registration instructions,
the Company shall cause definitive Certificates to be delivered to Beneficial
Owners in accordance with the instructions of the Clearing Agency. The Company
shall not be liable for any delay in delivery of such instructions and may
conclusively rely on and shall be protected in relying on, such instructions.

SECTION 3.10 MUTILATED, DESTROYED, LOST AND STOLEN CERTIFICATES.

         If any mutilated Certificate is surrendered to the Agent, the Company
shall execute and deliver to the Agent, and the Agent shall authenticate,
execute on behalf of the Holder, and deliver in exchange therefor, a new
Certificate at the cost of the Holder, evidencing the same

                                       23
<PAGE>
number of Income PRIDES or Growth PRIDES, as the case may be, and bearing a
Certificate number not contemporaneously outstanding.

         If there shall be delivered to the Company and the Agent (i) evidence
to their satisfaction of the destruction, loss or theft of any Certificate, and
(ii) such security or indemnity at the cost of the Holder as may be required by
them to hold each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Agent that such Certificate has been
acquired by a bona fide purchaser, the Company shall execute and deliver to the
Agent, and the Agent shall authenticate, execute on behalf of the Holder, and
deliver to the Holder, in lieu of any such destroyed, lost or stolen
Certificate, a new Certificate, evidencing the same number of Income PRIDES or
Growth PRIDES, as the case may be, and bearing a Certificate number not
contemporaneously outstanding.

         Notwithstanding the foregoing, the Company will not be obligated to
execute and deliver to the Agent, and the Agent will not be obligated to
authenticate, execute on behalf of the Holder and deliver any Certificate on or
after the Business Day immediately preceding the Purchase Contract Settlement
Date or on or after the Termination Date. In addition, in lieu of delivery of a
new Certificate, upon satisfaction of the applicable conditions specified above
in this Section and receipt of appropriate registration or transfer instructions
from such Holder, the Agent may (i) if the Purchase Contract Settlement Date has
occurred, deliver the shares of Common Stock issuable in respect of the Purchase
Contracts forming a part of the Securities evidenced by such Certificate, or
(ii) if a Termination Event shall have occurred, transfer the Debt Securities,
the Applicable Ownership Interest in the appropriate Treasury Portfolio or the
Treasury Securities, as the case may be, forming a part of the Securities
represented by such Certificate to such Holder, in each case subject to the
applicable conditions and in accordance with the applicable provisions of
Article Five hereof.

         Upon the issuance of any new Certificate under this Section, the
Company and the Agent may require payment from the Holder 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 Agent)
connected therewith.

         Every new Certificate issued pursuant to this Section in lieu of any
destroyed, lost or stolen Certificate shall constitute an original additional
contractual obligation of the Company and of the Holder in respect of the
Security evidenced thereby, whether or not the destroyed, lost or stolen
Certificate (and the Securities evidenced thereby) shall be at any time
enforceable by anyone, and shall be entitled to all the benefits and be subject
to all the obligations of this Agreement equally and proportionately with any
and all other Certificates delivered 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 Certificates.

SECTION 3.11 PERSONS DEEMED OWNERS.

         Prior to due presentment of a Certificate for registration of transfer,
the Company and the Agent, and any agent of the Company or the Agent, may treat
the Person in whose name such

                                       24
<PAGE>
Certificate is registered on the Income PRIDES Register or the Growth PRIDES
Register, as applicable, as the owner of the Income PRIDES or Growth PRIDES
evidenced thereby, for the purpose of receiving interest on the Debt Securities
or distributions on the maturing quarterly interest strips of the appropriate
Treasury Portfolio, as applicable, receiving payments of Contract Adjustment
Payments, performance of the Purchase Contracts and for all other purposes
whatsoever, whether or not any interest on the Debt Securities or the Contract
Adjustment Payments payable in respect of the Purchase Contracts constituting a
part of the Income PRIDES or Growth PRIDES evidenced thereby shall be overdue
and notwithstanding any notice to the contrary, and neither the Company nor the
Agent, nor any agent of the Company or the Agent, shall be affected by notice to
the contrary.

         Notwithstanding the foregoing, with respect to any Global Certificate,
nothing herein shall prevent the Company, the Agent or any agent of the Company
or the Agent, from treating the Clearing Agency as the sole Holder of such
Global Certificate or from giving effect to any written certification, proxy or
other authorization furnished by any Clearing Agency (or its nominee), as a
Holder, with respect to such Global Certificate or impair, as between such
Clearing Agency and owners of beneficial interests in such Global Certificate,
the operation of customary practices governing the exercise of rights of such
Clearing Agency (or its nominee) as Holder of such Global Certificate.

SECTION 3.12 CANCELLATION.

         All Certificates surrendered for delivery of shares of Common Stock on
or after the Purchase Contract Settlement Date, upon the transfer of Debt
Securities, the Applicable Ownership Interest in the appropriate Treasury
Portfolio or Treasury Securities, as the case may be, after the occurrence of a
Termination Event or pursuant to an Early Settlement or Cash Merger Early
Settlement, or upon the registration of a transfer or exchange of a Security, or
a Collateral Substitution or the re-establishment of an Income PRIDES shall, if
surrendered to any Person other than the Agent, be delivered to the Agent and,
if not already cancelled, shall be promptly cancelled by it. The Company may at
any time deliver to the Agent for cancellation any Certificates previously
authenticated, executed and delivered hereunder which the Company may have
acquired in any manner whatsoever, and all Certificates so delivered shall, upon
Issuer Order, be promptly cancelled by the Agent. No Certificates shall be
authenticated, executed on behalf of the Holder and delivered in lieu of or in
exchange for any Certificates cancelled as provided in this Section, except as
expressly permitted by this Agreement. All cancelled Certificates held by the
Agent shall upon written request be returned to the Company.

         If the Company or any Affiliate of the Company shall acquire any
Certificate, such acquisition shall not operate as a cancellation of such
Certificate unless and until such Certificate is delivered to the Agent
cancelled or for cancellation.

SECTION 3.13 ESTABLISHMENT OR REESTABLISHMENT OF GROWTH PRIDES.

         A Holder of an Income PRIDES may, at any time on or prior to the fifth
Business Day immediately preceding the Purchase Contract Settlement Date, create
or recreate a Growth PRIDES and separate the Debt Security or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as applicable, from
the related Purchase Contract in respect of such Income

                                       25
<PAGE>
PRIDES by substituting a Treasury Security for the Debt Security, or the
Applicable Ownership Interest in the appropriate Treasury Portfolio, that form a
part of such Income PRIDES in accordance with this Section 3.13; provided,
however, that if a successful remarketing of the Debt Securities has occurred on
a Remarketing Date or a Tax Event Redemption has occurred, Holders of such
Income PRIDES may make such Collateral Substitutions at any time on or prior to
the second Business Day immediately preceding the Purchase Contract Settlement
Date. Holders may make Collateral Substitutions and establish Growth PRIDES (i)
only in integral multiples of 40 Income PRIDES if only Debt Securities are being
substituted by Treasury Securities, or (ii) only in integral multiples of
Income PRIDES (or such other number of Income PRIDES as may be determined by
the Reset Agent upon a successful remarketing of Debt Securities if the Reset
Date is not an Interest Payment Date) if the Applicable Ownership Interests in
the appropriate Treasury Portfolio are being substituted by Treasury Securities.
To create 40 Growth PRIDES (if a Tax Event Redemption has not occurred and the
Debt Securities remain a component of the Income PRIDES), or        Growth
PRIDES (or such other number of Growth PRIDES as may be determined by the Reset
Agent upon a successful remarketing of Debt Securities if the Reset Date is not
an Interest Payment Date) (if a Tax Event Redemption has occurred or the
Remarketing Treasury Portfolio has replaced the Debt Securities as a component
of the Income PRIDES as a result of a successful remarketing of such Debt
Securities), the Income PRIDES Holder shall

                  (a) if a Treasury Portfolio has not replaced any Debt
         Securities as a component of Income PRIDES as a result of a successful
         remarketing of the Debt Securities or a Tax Event Redemption, deposit
         with the Collateral Agent a Treasury Security having a principal amount
         at maturity of $1,000; or

                  (b) if a Treasury Portfolio has replaced the Debt Securities
         as a component of Income PRIDES as a result of a successful remarketing
         of the Debt Securities or a Tax Event Redemption, on or prior to the
         second Business Day immediately preceding the Purchase Contract
         Settlement Date, deposit with the Collateral Agent Treasury Securities
         having an aggregate principal amount at maturity of $         ; and

                  (c) in each case, transfer and surrender the related 40 Income
         PRIDES, or, in the event a Treasury Portfolio is a component of Income
         PRIDES,        Income PRIDES (or such other number of Income PRIDES as
         may be determined by the Reset Agent upon a successful remarketing of
         Debt Securities if the Reset Date is not an Interest Payment Date), to
         the Agent accompanied by a notice to the Agent, substantially in the
         form of Exhibit B to the Pledge Agreement, stating that the Holder has
         transferred the relevant types and amounts of Treasury Securities to
         the Collateral Agent and requesting that the Agent instruct the
         Collateral Agent to release the applicable Debt Securities or the
         Applicable Ownership Interest in the appropriate Treasury Portfolio, as
         the case may be, underlying such Income PRIDES, whereupon the Agent
         shall promptly give such instruction to the Collateral Agent,
         substantially in the form of Exhibit A to the Pledge Agreement.

         Upon receipt of the Treasury Securities described in clause (a) or (b)
above and the instructions described in clause (c) above, in accordance with the
terms of the Pledge Agreement, the Collateral Agent will release from the
Pledge, to the Agent, on behalf of the Holder, Debt Securities or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as the case may be,
that had been components of such Income PRIDES, free and clear of the Company's
security interest therein, and upon receipt thereof the Agent shall promptly:

         (i) cancel the related Income PRIDES surrendered and transferred;

                                       26
<PAGE>
         (ii) transfer the Debt Securities or the Applicable Ownership Interest
in the appropriate Treasury Portfolio, as the case may be, that had been
components of such Income PRIDES to the Holder; and

         (iii) authenticate, execute on behalf of such Holder and deliver a
Growth PRIDES Certificate executed by the Company in accordance with Section 3.3
evidencing the same number of Purchase Contracts as were evidenced by the
cancelled Income PRIDES.

         Holders who elect to separate the Debt Securities or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as the case may be,
from the related Purchase Contracts and to substitute Treasury Securities for
such Debt Securities or the Applicable Ownership Interest in the appropriate
Treasury Portfolio, as the case may be, shall be responsible for any fees or
expenses payable to the Collateral Agent for its services as Collateral Agent in
respect of the substitution, and the Company shall not be responsible for any
such fees or expenses.

         In the event a Holder making a Collateral Substitution pursuant to this
Section 3.13 fails to effect a book-entry transfer of the Income PRIDES or fails
to deliver an Income PRIDES Certificate to the Agent after depositing the
appropriate Treasury Securities with the Collateral Agent, the Debt Securities
or the Applicable Ownership Interest in the appropriate Treasury Portfolio, as
the case may be, constituting a part of such Income PRIDES, and any interest on
such Debt Securities or distributions with respect to the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, shall be
held in the name of the Agent or its nominee in trust for the benefit of such
Holder, until such Income PRIDES is so transferred or the Income PRIDES
Certificate is so delivered, as the case may be, or, until such Holder provides
evidence satisfactory to the Company and the Agent that such Income PRIDES
Certificate has been destroyed, lost or stolen, together with any indemnity that
may be required by the Agent and the Company.

         Except as described in this Section 3.13, for so long as the Purchase
Contract underlying an Income PRIDES remains in effect, such Income PRIDES shall
not be separable into its constituent parts, and the rights and obligations of
the Holder in respect of the Debt Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, and Purchase
Contract comprising such Income PRIDES may be acquired, and may be transferred
and exchanged, only as an entire Income PRIDES.

SECTION 3.14 ESTABLISHMENT OR REESTABLISHMENT OF INCOME PRIDES.

         A Holder of a Growth PRIDES may, at any time on or prior to the fifth
Business Day immediately preceding the Purchase Contract Settlement Date, create
or recreate an Income PRIDES by depositing with the Collateral Agent a Debt
Security or the Applicable Ownership Interest in the appropriate Treasury
Portfolio, as the case may be, having an aggregate principal amount equal to the
aggregate principal amount at maturity of, and in substitution for all, but not
less than all, of the Treasury Securities comprising part of the Growth PRIDES
in accordance with this Section 3.14; provided, however, that if a Treasury
Portfolio has replaced the Debt Securities as a component of Income PRIDES as a
result of a successful remarketing of the Debt Securities or a Tax Event
Redemption, such Collateral Substitutions may be made at any time on or prior to
the second Business Day immediately preceding the Purchase Contract Settlement

                                       27
<PAGE>
Date. Holders of Growth PRIDES may make such Collateral Substitutions and
establish Income PRIDES (i) only in integral multiples of 40 Growth PRIDES if
Treasury Securities are being replaced by only Debt Securities, or (ii) only in
integral multiples of       Growth PRIDES (or such other number of Growth PRIDES
as may be determined by the Reset Agent upon a successful remarketing of Debt
Securities if the Reset Date is not an Interest Payment Date) if any Treasury
Security is being replaced by the Applicable Ownership Interest in the
appropriate Treasury Portfolio. To create 40 Income PRIDES (if a Tax Event
Redemption has not occurred and the Debt Securities remain components of Income
PRIDES), or        Income PRIDES (or such other number of Income PRIDES as may
be determined by the Reset Agent upon a successful remarketing of Debt
Securities if the Reset Date is not an Interest Payment Date) (if a Tax Event
Redemption has occurred or the Remarketing Treasury Portfolio has replaced the
Debt Securities as a result of a successful remarketing of such Debt
Securities), the Growth PRIDES Holder shall

         (a) if a Treasury Portfolio has not replaced the Debt Securities as a
component of Income PRIDES as a result of a successful remarketing of the Debt
Securities on a Remarketing Date or a Tax Event Redemption, on or prior to the
fifth Business Day immediately preceding the Purchase Contract Settlement Date,
deposit with the Collateral Agent $1,000 in aggregate principal amount of Debt
Securities; or

         (b) if a Treasury Portfolio has replaced the Debt Securities as a
component of Income PRIDES as a result of a successful remarketing of the Debt
Securities or a Tax Event Redemption, on or prior to the second Business Day
immediately preceding the Purchase Contract Settlement Date, deposit with the
Collateral Agent the Applicable Ownership Interest in the Treasury Portfolio for
each        Income PRIDES (or such other number of Income PRIDES as may be
determined by the Reset Agent upon a successful remarketing of Debt Securities
if the Reset Date is not an Interest Payment Date) being created by the Holder,
and having an aggregate principal amount of $        ; and

         (c) in each case, transfer and surrender the related 40 Growth PRIDES,
or in the event the Treasury Portfolio is a component of Income PRIDES,
Income PRIDES (or such other number of Income PRIDES as may be determined by the
Reset Agent upon a successful remarketing of Debt Securities if the Reset Date
is not an Interest Payment Date), to the Agent accompanied by a notice to the
Agent, substantially in the form of Exhibit B to the Pledge Agreement, stating
that the Holder has transferred the relevant amount of Debt Securities or the
Applicable Ownership Interest in the appropriate Treasury Portfolio, as the case
may be, to the Collateral Agent and requesting that the Agent instruct the
Collateral Agent to release the Treasury Securities underlying such Growth
PRIDES, whereupon the Agent shall promptly give such instruction to the
Collateral Agent, substantially in the form of Exhibit A to the Pledge
Agreement.

         Upon receipt of the Debt Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, described in
clause (a) or (b) above and the instructions described in clause (c) above, in
accordance with the terms of the Pledge Agreement, the Collateral Agent will
effect the release of the Treasury Securities having a corresponding aggregate
principal amount from the Pledge to the Agent free and clear of the Company's
security interest therein, and upon receipt thereof the Agent shall promptly:

         (i) cancel the related Growth PRIDES surrendered and transferred;

         (ii) transfer the Treasury Securities that had been components of such
Growth PRIDES to the Holder; and

                                       28
<PAGE>
         (iii) authenticate, execute on behalf of such Holder and deliver an
Income PRIDES Certificate executed by the Company in accordance with Section 3.3
evidencing the same number of Purchase Contracts as were evidenced by the
cancelled Growth PRIDES.

         Holders who elect to separate Treasury Securities from the related
Purchase Contract and to substitute Debt Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, for such
Treasury Securities shall be responsible for any fees or expenses payable to the
Collateral Agent for its services as Collateral Agent in respect of the
substitution, and the Company shall not be responsible for any such fees or
expenses.

         In the event a Holder making a Collateral Substitution pursuant to this
Section 3.14 fails to effect a book-entry transfer of the Growth PRIDES or fails
to deliver a Growth PRIDES Certificate to the Agent after depositing the Debt
Securities or Applicable Ownership Interest in the appropriate Treasury
Portfolio with the Collateral Agent, the Treasury Securities constituting a part
of such Growth PRIDES Certificate, and any interest on such Treasury Securities,
shall be held in the name of the Agent or its nominee in trust for the benefit
of such Holder, until such Growth PRIDES is so transferred or the Growth PRIDES
is so delivered, or until such Holder provides evidence satisfactory to the
Company and the Agent that such Growth PRIDES has been destroyed, lost or
stolen, together with any indemnity that may be required by the Agent and the
Company.

         Except as provided in this Section 3.14, for so long as the Purchase
Contract underlying a Growth PRIDES remains in effect, such Growth PRIDES shall
not be separable into its constituent parts and the rights and obligations of
the Holder of such Growth PRIDES in respect of the Treasury Security and
Purchase Contract comprising such Growth PRIDES may be acquired, and may be
transferred and exchanged only as an entire Growth PRIDES.

SECTION 3.15 TRANSFER OF COLLATERAL UPON OCCURRENCE OF TERMINATION EVENT.

         Upon the occurrence of a Termination Event and the transfer to the
Agent of the Debt Securities, the Applicable Ownership Interest in the
appropriate Treasury Portfolio or the Treasury Securities, as the case may be,
underlying the Income PRIDES and the Growth PRIDES pursuant to the terms of the
Pledge Agreement, the Agent shall request transfer instructions with respect to
such Debt Securities or the Applicable Ownership Interest in the appropriate
Treasury Portfolio or Treasury Securities, as the case may be, from each Holder
by written request mailed to such Holder at its address as it appears in the
Income PRIDES Register or the Growth PRIDES Register, as the case may be. Upon
book-entry transfer of an Income PRIDES Certificate or Growth PRIDES Certificate
or delivery of an Income PRIDES Certificate or Growth PRIDES Certificate to the
Agent with such transfer instructions, the Agent shall transfer the Debt
Securities, the Applicable Ownership Interest in the appropriate Treasury
Portfolio or Treasury Securities, as the case may be, underlying such Income
PRIDES or Growth PRIDES, as the case may be, to such Holder by book-entry
transfer, or other appropriate procedures, in accordance with such instructions.
In the event a Holder of Income PRIDES or Growth PRIDES fails to effect such
transfer or delivery, the Debt Securities, the Applicable Ownership Interest in
the appropriate Treasury Portfolio or Treasury Securities, as the case may be,
underlying such Income PRIDES or Growth PRIDES, as the case may be, and any
interest

                                       29
<PAGE>
thereon, shall be held in the name of the Agent or its nominee in trust for the
benefit of such Holder, until such Income PRIDES or Growth PRIDES are
transferred or the Income PRIDES Certificate or Growth PRIDES Certificate is
surrendered or such Holder provides satisfactory evidence that such Income
PRIDES Certificate or Growth PRIDES Certificate has been destroyed, lost or
stolen, together with any indemnity that may be required by the Agent and the
Company. In the case of a Treasury Portfolio or any Treasury Securities, the
Agent may dispose of the subject securities for cash and pay the applicable
portion of such cash to the Holders in lieu of such Holders' Applicable
Ownership Interest in such Treasury Portfolio, or any Treasury Securities, where
such Holder would otherwise have been entitled to receive less than $1,000 of
any such security.

SECTION 3.16 NO CONSENT TO ASSUMPTION.

         Each Holder of a Security, by acceptance thereof, will be deemed
expressly to have withheld any consent to the assumption under Section 365 of
the Bankruptcy Code or otherwise, of the Purchase Contract by the Company, its
trustee in bankruptcy, receiver, liquidator or a person or entity performing
similar functions, in the event that the Company becomes a debtor under the
Bankruptcy Code or subject to other similar State or Federal law providing for
reorganization or liquidation.

                                   ARTICLE IV

                               THE DEBT SECURITIES

SECTION 4.1 PAYMENT OF INTEREST; RIGHTS TO INTEREST PRESERVED; INTEREST RATE
            RESET; NOTICE.

         A payment of interest on the Debt Securities or distribution with
respect to the Applicable Ownership Interest in the appropriate Treasury
Portfolio, as the case may be, which is paid on any Payment Date shall, subject
to receipt thereof by the Agent from the Collateral Agent as provided by the
terms of the Pledge Agreement, be paid to the Person in whose name the Income
PRIDES Certificate (or one or more Predecessor Income PRIDES Certificates) of
which such Debt Securities or the Applicable Ownership Interest in the
appropriate Treasury Portfolio, as the case may be, are a part is registered at
the close of business on the Record Date for such Payment Date.

         Each Income PRIDES Certificate evidencing Debt Securities delivered
under this Agreement upon registration of transfer of or in exchange for or in
lieu of any other Income PRIDES Certificate shall carry the rights to payment of
interest accrued and unpaid, and to accrue interest, which are carried by the
Debt Securities underlying such other Income PRIDES Certificate.

         In the case of any Income PRIDES with respect to which Cash Settlement
of the underlying Purchase Contract is effected on the Business Day immediately
preceding the Purchase Contract Settlement Date pursuant to prior notice, or
with respect to which Early Settlement of the underlying Purchase Contract is
effected on an Early Settlement Date, Cash Merger Early Settlement of the
underlying Purchase Contract is effected on the Cash Merger

                                       30
<PAGE>
Early Settlement Date, or with respect to which a Collateral Substitution is
effected, in each case on a date that is after any Record Date and on or prior
to the next succeeding Payment Date, interest on the Debt Securities or
distributions with respect to the Applicable Ownership Interest in the
appropriate Treasury Portfolio, as the case may be, underlying such Income
PRIDES otherwise payable on such Payment Date shall be payable on such Payment
Date notwithstanding such Cash Settlement, Early Settlement, Cash Merger Early
Settlement or Collateral Substitution, and such interest or distributions shall,
subject to receipt thereof by the Agent, be payable to the Person in whose name
the Income PRIDES Certificate (or one or more Predecessor Income PRIDES
Certificates) was registered at the close of business on the Record Date. Except
as otherwise expressly provided in the immediately preceding sentence, in the
case of any Income PRIDES with respect to which Cash Settlement, Early
Settlement or Cash Merger Early Settlement of the underlying Purchase Contract
is effected on the Business Day immediately preceding the applicable Purchase
Contract Settlement Date, an Early Settlement Date or a Cash Merger Early
Settlement Date, as the case may be, or with respect to which a Collateral
Substitution has been effected, payment of interest on the related Debt
Securities or distributions with respect to the Applicable Ownership Interest in
the appropriate Treasury Portfolio, as the case may be, that would otherwise be
payable after the Purchase Contract Settlement Date, Early Settlement Date or
Cash Merger Early Settlement Date shall not be payable hereunder to the Holder
of such Income PRIDES; provided, however, that to the extent that such Holder
continues to hold the separated Debt Security that formerly comprised a part of
such Holder's Income PRIDES, such Holder shall be entitled to receive the
payment of interest on such separated Debt Security.

      The Coupon Rate shall be reset to the Reset Rate on the Reset Date. The
Reset Rate shall equal the sum of (i) the Reset Spread and (ii) the yield on the
Applicable Benchmark Treasury in effect on the third Business Day immediately
preceding the Reset Date and shall be determined by the Reset Agent provided,
that in no event shall the Reset Rate exceed the maximum rate permitted by
applicable law. On each Reset Announcement Date, the Reset Spread, the
Applicable Benchmark Treasury to be used to determine the Reset Rate and any
change in the scheduled Interest Payment Dates and extension of the maturity
date will be announced by the Company. In addition, on any Reset Announcement
Date relating to an Initial Reset Date occurring prior to February 16, 2006, the
percentage undivided beneficial ownership interest determined by the Reset Agent
for purposes of clause (1)(iii) of the definition of "Applicable Ownership
Interest" will be announced by the Company. On the Business Day immediately
following the Reset Announcement Date, the Company will cause a notice of the
Reset Spread, Applicable Benchmark Treasury and, if applicable, percentage
undivided beneficial ownership interest in the to be published in an Authorized
Newspaper. In the event of a Failed Remarketing, the Company Rate will not be
reset and the interest rate on the Debt Securities shall remain the initial
Coupon Rate.

         Not later than 7 calendar days nor more than 15 calendar days prior to
each Reset Announcement Date and the Purchase Contract Settlement Date, if the
Purchase Contract Settlement Date is not also a Reset Date, the Company will
request that the Depositary (or any successor Clearing Agency or its nominee)
notify by first-class mail, postage prepaid, the Beneficial Owners or Clearing
Agency Participants holding Income PRIDES or Growth PRIDES, of each Reset
Announcement Date and any procedures to be followed by such Holders of
Securities, who intend to settle their obligation under the Purchase Contract
with separate cash on the Purchase Contract Settlement Date.

                                       31
<PAGE>
SECTION 4.2 NOTICE AND VOTING.

         Under and subject to the terms of the Pledge Agreement, the Agent will
be entitled to exercise the voting and any other consensual rights pertaining to
the Pledged Debt Securities but only to the extent instructed by the Holders as
described below. Upon receipt of notice of any meeting at which holders of Debt
Securities are entitled to vote or upon any solicitation of consents, waivers or
proxies of holders of Debt Securities, the Agent shall, as soon as practicable
thereafter, mail to the Holders of Income PRIDES a notice (a) containing such
information as is contained in the notice or solicitation, (b) stating that each
Income PRIDES Holder on the record date set by the Agent therefor (which, to the
extent possible, shall be the same date as the record date for determining the
holders of Debt Securities entitled to vote) shall be entitled to instruct the
Agent as to the exercise of the voting rights pertaining to the Debt Securities
constituting a part of such Holder's Income PRIDES and (c) stating the manner in
which such instructions may be given. Upon the written request of the Holders of
Income PRIDES on such record date, the Agent shall endeavor insofar as
practicable to vote or cause to be voted, in accordance with the instructions
set forth in such requests, the maximum number of Debt Securities as to which
any particular voting instructions are received. In the absence of specific
instructions from the Holder of an Income PRIDES, the Agent shall abstain from
voting the Debt Security constituting a part of such Holder's Income PRIDES. The
Company hereby agrees, if applicable, to solicit Holders of Income PRIDES to
timely instruct the Agent in order to enable the Agent to vote such Debt
Securities.

SECTION 4.3 SUBSTITUTION OF A TREASURY PORTFOLIO FOR DEBT SECURITIES.

         (a) Upon the occurrence of a Tax Event Redemption prior to the Purchase
Contract Settlement Date, the Redemption Price payable on the Tax Event
Redemption Date with respect to the Applicable Principal Amount of Debt
Securities shall be delivered to the Collateral Agent in exchange for the
Pledged Debt Securities. Pursuant to the terms of the Pledge Agreement, the
Collateral Agent will apply an amount equal to the Redemption Amount of such
Redemption Price to purchase on behalf of the Holders of Income PRIDES the Tax
Event Treasury Portfolio and promptly remit the remaining portion of such
Redemption Price to the Agent for payment to the Holders of such Income PRIDES.
The Tax Event Treasury Portfolio will be substituted for the outstanding Pledged
Debt Securities, and will be held by the Collateral Agent in accordance with the
terms of the Pledge Agreement to secure the obligation of each Holder of an
Income PRIDES to purchase the Common Stock of the Company on the Purchase
Contract Settlement Date under the Purchase Contract constituting a part of such
Income PRIDES. Following the occurrence of a Tax Event Redemption prior to the
Purchase Contract Settlement Date, the Holders of Income PRIDES and the
Collateral Agent shall have such security interests, rights and obligations with
respect to the Tax Event Treasury Portfolio as the Holder of Income PRIDES and
the Collateral Agent had in respect of the Debt Securities subject to the Pledge
thereof as provided in Articles II, III, IV, V and VI of the Pledge Agreement,
and any reference herein to the Debt Securities shall be deemed to be reference
to such Tax Event Treasury Portfolio. The Company may cause to be made in any
Income PRIDES Certificates thereafter to be issued such change in phraseology
and form (but not in substance) as may be appropriate to reflect the
substitution of the Tax Event Treasury Portfolio for Debt Securities as
collateral.

                                       32
<PAGE>
         (b) Unless the Debt Securities have been called for a Tax Event
Redemption, the Company shall cause all Debt Securities subject to the Pledge as
a part of the Income PRIDES, and any other Debt Securities held by holders that
have elected to have their Debt Securities included in such remarketing to be
remarketed on one or more remarketings pursuant to the Remarketing Agreement;
provided that no further remarketings shall be requested upon and after a
successful remarketing of the Pledged Debt Securities. Upon the successful
remarketing of the Pledged Debt Securities on a Remarketing Date, the proceeds
of such remarketing (after deducting any Remarketing Fee) shall be delivered to
the Collateral Agent in exchange for the Pledged Debt Securities. Pursuant to
the terms of the Pledge Agreement, the Collateral Agent will apply an amount
equal to the Remarketing Treasury Portfolio Purchase Price to purchase on behalf
of the Holders of Income PRIDES the Remarketing Treasury Portfolio and promptly
remit the remaining portion of such proceeds to the Agent for payment to the
Holders of such Income PRIDES. The Remarketing Treasury Portfolio will be
substituted for the outstanding Pledged Debt Securities, and will be held by the
Collateral Agent in accordance with the terms of the Pledge Agreement to secure
the obligation of each Holder of an Income PRIDES to purchase the Common Stock
of the Company on the Purchase Contract Settlement Date under the Purchase
Contract constituting a part of such Income PRIDES. Following the successful
remarketing of the Pledged Debt Securities on a Remarketing Date, the Holders of
Income PRIDES and the Collateral Agent shall have such security interests,
rights and obligations with respect to the Remarketing Treasury Portfolio as the
Holder of Income PRIDES and the Collateral Agent had in respect of the Debt
Securities subject to the Pledge thereof as provided in Articles II, III, IV, V
and VI of the Pledge Agreement, and any reference herein to the Debt Securities
shall be deemed to be reference to such Remarketing Treasury Portfolio. The
Company may cause to be made in any Income PRIDES Certificates thereafter to be
issued such change in phraseology and form (but not in substance) as may be
appropriate to reflect the substitution of the Remarketing Treasury Portfolio
for Debt Securities as collateral.

SECTION 4.4 CONSENT TO TREATMENT FOR TAX PURPOSES.

         Each Holder of an Income PRIDES or a Growth PRIDES, by its acceptance
thereof, covenants and agrees to treat itself as the owner, for United States
federal, state and local income and franchise tax purposes, of (i) the related
Debt Securities or the appropriate Applicable Ownership Interest in the Treasury
Portfolio, in the case of the Income PRIDES, or (ii) the Treasury Securities, in
the case of the Growth PRIDES. Each Holder of an Income PRIDES, by its
acceptance thereof, further covenants and agrees to treat the Debt Securities as
indebtedness of the Company for United States federal, state and local income
and franchise tax purposes.

                                   ARTICLE V

                             THE PURCHASE CONTRACTS

SECTION 5.1 PURCHASE OF SHARES OF COMMON STOCK.

         Each Purchase Contract shall, unless a Termination Event or an Early
Settlement or Cash Merger Early Settlement in accordance with Section 5.9 hereof
has occurred, obligate the Holder of the related Security to purchase, and the
Company to sell, on the Purchase Contract Settlement Date, for $25 in cash (the
"Purchase Price"), a number of newly issued shares of Common Stock equal to the
applicable Settlement Rate. The "Settlement Rate" is equal to (a) if the
Applicable

                                       33
<PAGE>
     Market Value (as defined below) is equal to or greater than $33.80 (the
"Threshold Appreciation Price"), a number of shares per Purchase Contract equal
to the product of (i) the Stated Amount divided by the Reference Price
multiplied by (ii) one minus a fraction, the numerator of which is $7.80 and the
denominator of which is the Applicable Market Value, (b) if the Applicable
Market Value is less than the Threshold Appreciation Price, but is greater than
$26.00 (the "Reference Price"), the number of shares of Common Stock per
Purchase Contract equal to $25 divided by the Applicable Market Value and (c) if
the Applicable Market Value is less than or equal to the Reference Price, 0.9615
shares of Common Stock per Purchase Contract, in each case subject to adjustment
as provided in Section 5.6 (and in each case rounded upward or downward to the
nearest 1/10,000th of a share). As provided in Section 5.10, no fractional
shares of Common Stock will be issued upon settlement of Purchase Contracts.

         The "Applicable Market Value" means the average of the Closing Price
per share of Common Stock on each of the 20 consecutive Trading Days ending on
the third Trading Day immediately preceding the Purchase Contract Settlement
Date or, in the event of a Cash Merger, ending on the third Business Day
immediately preceding the consummation of the Cash Merger. The "Closing Price"
of the Common Stock on any date of determination means the closing sale price
(or, if no closing price is reported, the last reported sale price) of the
Common Stock on the New York Stock Exchange (the "NYSE") on such date or, if the
Common Stock is not listed for trading on the NYSE on any such date, as reported
in the Acomposite transactions for the principal United States national or
regional securities exchange on which the Common Stock is so listed. If the
Common Stock is not so listed on a United States national or regional securities
exchange, the Closing Price means the last sale price of the Common Stock as
reported by the NASDAQ Stock Market, or if the Common Stock is not so reported,
the last quoted bid price for the Common Stock in the over-the-counter market as
reported by the National Quotation Bureau or similar organization. If such bid
price is not available, the Closing Price means market value of the Common Stock
on such date as determined by a nationally recognized independent investment
banking firm retained by the Company for this purpose. A "Trading Day" means a
day on which the Common Stock (A) is not suspended from trading on any national
or regional securities exchange or association or over-the-counter market at the
close of business and (B) has traded at least once on the national or regional
securities exchange or association or over-the-counter market that is the
primary market for the trading of the Common Stock.

         Each Holder of an Income PRIDES or a Growth PRIDES, by its acceptance
thereof, irrevocably authorizes the Agent to enter into and perform the related
Purchase Contract on its behalf as its attorney-in-fact (including the execution
of Certificates on behalf of such Holder), agrees to be bound by the terms and
provisions thereof, covenants and agrees to perform its obligations under such
Purchase Contracts, and consents to the provisions hereof, irrevocably
authorizes the Agent to enter into and perform the Pledge Agreement on its
behalf as its attorney-in-fact, and consents to and agrees to be bound by the
Pledge of the Debt Securities, the Treasury Portfolios or the Treasury
Securities, as the case may be, pursuant to the Pledge Agreement. Each Holder of
an Income PRIDES or a Growth PRIDES, by its acceptance thereof, further
covenants and agrees, that, to the extent and in the manner provided in Section
5.4 and the Pledge Agreement, but subject to the terms thereof, payments in
respect of the principal of and interest on Debt Securities or the Proceeds of
the Treasury Securities or the Applicable Ownership Interest in any Treasury
Portfolio on the Purchase Contract Settlement Date shall be

                                       34
<PAGE>
paid by the Collateral Agent to the Company in satisfaction of such Holder's
obligations under such Purchase Contract and such Holder shall acquire no right,
title or interest in such payments.

         Upon registration of transfer of a Certificate, the transferee shall be
bound (without the necessity of any other action on the part of such transferee,
except as may be required by the Agent pursuant hereto), under the terms of this
Agreement, the Purchase Contracts underlying such Certificate and the Pledge
Agreement; and the transferor shall be released from the obligations under this
Agreement, the Purchase Contracts underlying the Certificates so transferred and
the Pledge Agreement. The Company covenants and agrees, and each Holder of a
Certificate, by its acceptance thereof, likewise covenants and agrees, to be
bound by the provisions of this paragraph.

SECTION 5.2 CONTRACT ADJUSTMENT PAYMENTS.

         Subject to Section 5.3 herein, the Company shall pay, on each Payment
Date, the Contract Adjustment Payments payable in respect of each
Purchase Contract to the Person in whose name a Certificate (or one or more
Predecessor Certificates) is registered on the Register at the close of business
on the Record Date next preceding such Payment Date. The Contract Adjustment
Payments will be payable at the Corporate Trust Office or, at the option of the
Company, by check mailed to the address of the Person entitled thereto at such
Person's address as it appears on the Income PRIDES Register or Growth PRIDES
Register or by wire transfer to an account appropriately designated in writing
by the Person entitled to payment.

         Upon the occurrence of a Termination Event, the Company's obligation to
pay Contract Adjustment Payments (including any accrued or Deferred Contract
Adjustment Payments) shall cease.

         Each Certificate delivered under this Agreement upon registration of
transfer of or in exchange for or in lieu of any other Certificate (including as
a result of a Collateral Substitution or the re-establishment of an Income
PRIDES) shall carry the rights to Contract Adjustment Payments accrued and
unpaid, and to accrue Contract Adjustment Payments, which were carried by the
Purchase Contracts which were represented by such other Certificates.

         Subject to Section 5.9, in the case of any Security with respect to
which Early Settlement or Cash Merger Early Settlement of the underlying
Purchase Contract is effected on an Early Settlement Date or Cash Merger Early
Settlement Date that is after any Record Date and on or prior to the next
succeeding Payment Date, Contract Adjustment Payments, if any, otherwise payable
on such Payment Date shall be payable on such Payment Date notwithstanding such
Early Settlement, and such Contract Adjustment Payments shall, subject to
receipt thereof by the Agent, be payable to the Person in whose name the
Certificate evidencing such Security (or one or more Predecessor Certificates)
was registered at the close of business on such Record Date. Except as otherwise
expressly provided in the immediately preceding sentence, in the case of any
Security with respect to which Early Settlement or Cash Merger Early Settlement
of the underlying Purchase Contract is effected on an Early Settlement Date or
Cash Merger Early Settlement, Contract Adjustment Payments that would otherwise
be payable after the Early

                                       35
<PAGE>
Settlement Date or Cash Merger Early Settlement Date with respect to such
Purchase Contract shall not be payable.

         The Company's obligations with respect to Contract Adjustment Payments
(including any accrued or Deferred Contract Adjustment Payments), will be
subordinated and junior in right of payment to the Company's obligations under
any Senior Indebtedness. Upon any payment or distribution of the Company's
assets to its creditors upon any dissolution, winding up, liquidation or
reorganization, whether voluntary or involuntary, or in bankruptcy, insolvency,
receivership or other similar proceedings, the holders of all Senior
Indebtedness shall first be entitled to receive payment in full of all amounts
due or to become due thereon, or payment of such amounts shall have been
provided for, before the holders of the Securities shall be entitled to receive
any Contract Adjustment Payments.

         No payment of Contract Adjustment Payments may be made if (i) any
payment default on any Senior Indebtedness has occurred and is continuing beyond
any applicable grace period; or (ii) any default other than a payment default
with respect to Senior Indebtedness occurs and is continuing that permits the
acceleration of the maturity thereof and the Agent receives a written notice of
such default from the Company or the holders of such Senior Indebtedness.

SECTION 5.3 DEFERRAL OF PAYMENT DATES FOR CONTRACT ADJUSTMENT PAYMENTS.

         The Company shall have the right, at any time prior to the Purchase
Contract Settlement Date, to defer the payment of any or all of the Contract
Adjustment Payments otherwise payable on any Payment Date, but only if the
Company shall give the Holders and the Agent written notice of its election to
defer such payment (specifying the amount to be deferred) at least ten Business
Days prior to the earlier of (i) the next succeeding Payment Date or (ii) the
date the Company is required to give notice of the Record Date or Payment Date
with respect to payment of such Contract Adjustment Payments to the NYSE or
other applicable self-regulatory organization or to Holders of the Securities,
but in any event not less than one Business Day prior to such Record Date. In
connection with any Contract Adjustment Payments so deferred, additional
Contract Adjustment Payments on the amounts so deferred will accrue at the rate
of 6.25% per annum (computed on the basis of a 360 day year of twelve 30 day
months), compounding on each succeeding Payment Date, until paid in full (such
deferred installments of Contract Adjustment Payments, if any, together with the
accrued additional Contract Adjustment Payments accrued thereon, being referred
to herein as the "Deferred Contract Adjustment Payments"). Deferred Contract
Adjustment Payments, if any, shall be due on the next succeeding Payment Date
except to the extent that payment is deferred pursuant to this Section 5.3 or
unless Early Settlement or Cash Merger Early Settlement has occurred. No
Contract Adjustment Payments may be deferred to a date that is after the
Purchase Contract Settlement Date. If the Purchase Contracts are terminated upon
the occurrence of a Termination Event or as a result of an Early Settlement or
Cash Merger Early Settlement, the Holder's right to receive Contract Adjustment
Payments and Deferred Contract Adjustment Payments will terminate.

         In the event that the Company elects to defer the payment of Contract
Adjustment Payments on the Purchase Contracts until the Purchase Contract
Settlement Date, each Holder will receive on the Purchase Contract Settlement
Date, in lieu of a cash payment, a number of

                                       36
<PAGE>
shares of Common Stock (in addition to a number of shares of Common Stock equal
to the Settlement Rate) equal to (x) the aggregate amount of Deferred Contract
Adjustment Payments payable to such Holder divided by (y) the Applicable Market
Value.

         No fractional shares of Common Stock will be issued by the Company with
respect to the payment of Deferred Contract Adjustment Payments on the Purchase
Contract Settlement Date. In lieu of fractional shares otherwise issuable with
respect to such payment of Deferred Contract Adjustment Payments, the Holder
will be entitled to receive an amount in cash as provided in Section 5.10.

         In the event the Company exercises its option to defer the payment of
Contract Adjustment Payments, then, until the Deferred Contract Adjustment
Payments have been paid, neither the Company nor any of its subsidiaries shall
declare or pay dividends on, make distributions with respect to, or redeem,
purchase or acquire, or make a liquidation payment with respect to, any of the
Company's capital stock or make guarantee payments with respect to any of the
Company's capital stock the foregoing (other than (i) redemptions, purchases or
acquisitions of capital stock of the Company in connection with the satisfaction
by the Company in connection with any employment contract, benefit plan or other
similar arrangement with or for the benefit of employees, officers, directors or
agents or a stock purchase or dividend reinvestment plan, or the satisfaction by
the Company of its obligations pursuant to any contract or security outstanding
on the date of such event requiring the Company to redeem, purchase or acquire
its capital stock, (ii) as a result of a reclassification of the Company's
capital stock or the exchange or conversion of all or a portion of one class or
series of the Company's capital stock for another class or series of the
Company's capital stock, (iii) the purchase of fractional interests in shares of
the Company's capital stock pursuant to the conversion or exchange provisions of
the Company's capital stock or the security being converted or exchanged, (iv)
dividends or distributions in capital stock of the Company (or rights to acquire
capital stock of the Company), or repurchases, redemptions or acquisitions of
capital stock in connection with the issuance or exchange of capital stock of
the Company (or securities convertible into or exchangeable for shares of the
Company's capital stock) or (v) redemptions, exchanges or repurchases of any
rights outstanding under a shareholder rights plan of the Company or payment
thereunder of a dividend or distribution of or with respect to rights in the
future.

SECTION 5.4 PAYMENT OF PURCHASE PRICE.

         (a) (i) Unless a Treasury Portfolio has replaced the Debt Securities as
a component of the Income PRIDES or a Holder settles the underlying Purchase
Contract through the early delivery of cash to the Agent in the manner described
in Section 5.9, each Holder of an Income PRIDES must notify the Agent of its
intention to pay in cash ("Cash Settlement") the Purchase Price for the shares
of Common Stock to be purchased pursuant to the Purchase Contract on a Purchase
Contract Settlement Date by presenting and surrendering to the Agent the Income
PRIDES Certificate with a notice in substantially the form of Exhibit C hereto
completed and executed. Such presentation, surrender and notice shall be made on
or prior to 5:00 p.m., New York City time, on the fifth Business Day immediately
preceding the Purchase Contract Settlement Date. The Agent shall promptly notify
the Collateral Agent of the receipt of such a notice from a Holder intending to
make a Cash Settlement.

                                       37
<PAGE>
         (ii) A Holder of an Income PRIDES who has so notified the Agent of its
intention to make a Cash Settlement is required to pay the Purchase Price to the
Collateral Agent prior to 11:00 a.m., New York City time, on the Business Day
immediately preceding the Purchase Contract Settlement Date in lawful money of
the United States by certified or cashiers' check or wire transfer, in each case
in immediately available funds payable to or upon the order of the Company. Any
cash received by the Collateral Agent will be invested promptly by the
Collateral Agent in Permitted Investments and paid to the Company on the
Purchase Contract Settlement Date in settlement of the Purchase Contract in
accordance with the terms of this Agreement and the Pledge Agreement. Any funds
received by the Collateral Agent in respect of the investment earnings from the
investment in such Permitted Investments, will be distributed to the Agent when
received for payment to the Holder.

         (iii) If a Holder of an Income PRIDES fails to notify the Agent of its
intention to make a Cash Settlement in accordance with paragraph (a)(i) above,
such failure shall constitute a default under the Purchase Contract and the
Holder shall be deemed to have consented to the disposition of the Pledged Debt
Securities pursuant to the remarketing as described in paragraph (b) below. If a
Holder of an Income PRIDES does notify the Agent as provided in paragraph (a)(i)
above of its intention to pay the Purchase Price in cash, but fails to make such
payment as required by paragraph (a)(ii) above, such failure shall also
constitute a default; however, the Debt Securities of such a Holder will not be
remarketed but instead the Collateral Agent, for the benefit of the Company,
will exercise its rights as a secured party with respect to such Debt
Securities, including those rights specified in paragraph (c) below.

         (b) In order to dispose of the Debt Securities of Income PRIDES Holders
who have not notified the Agent of their intention to effect a Cash Settlement
with respect to the Purchase Contract Settlement Date as provided in paragraph
(a)(i) above, the Company shall engage the Remarketing Agent pursuant to the
Remarketing Agreement to sell such Debt Securities. In order to facilitate the
remarketing, the Agent shall notify the Remarketing Agent, by 10:00 a.m., New
York City time, on the fourth Business Day immediately preceding the Purchase
Contract Settlement Date, of the aggregate number of Debt Securities to be
remarketed. Concurrently, the Collateral Agent, pursuant to the terms of the
Pledge Agreement, will present for remarketing such Debt Securities to the
Remarketing Agent. Upon receipt of such notice from the Agent and such Debt
Securities from the Collateral Agent, the Remarketing Agent will, on the third
Business Day immediately preceding the Purchase Contract Settlement Date, use
their reasonable efforts to remarket such Debt Securities on such date at a
price of approximately 100.25% (but not less than 100%) of the aggregate
principal amount of such Debt Securities, plus accrued and unpaid interest
(including deferred interest), if any, thereon, plus the Remarketing Fee. After
deducting the Remarketing Fee, the Remarketing Agent will remit the remaining
portion of the proceeds from such remarketing to the Collateral Agent. Such
portion of the proceeds, equal to the aggregate principal amount of such Debt
Securities, will automatically be applied by the Collateral Agent, in accordance
with the Pledge Agreement to satisfy in full such Income PRIDES Holders'
obligations to pay the Purchase Price for the Common Stock under the related
Purchase Contracts on the Purchase Contract Settlement Date. Any proceeds in
excess of those required to pay the Purchase Price and the Remarketing Fee will
be remitted to the Agent for payment to the Holders of the related Income
PRIDES. Income PRIDES Holders whose Debt Securities are so remarketed will not
otherwise be responsible for the payment of any Remarketing Fee in

                                       38
<PAGE>
connection therewith. If such a remarketing results in a Failed Remarketing the
Collateral Agent, for the benefit of the Company, will exercise its rights as a
secured party with respect to such Debt Securities, including those actions
specified in paragraph (c) below; provided, that if upon a Failed Remarketing
the Collateral Agent exercises such rights for the benefit of the Company with
respect to such Debt Securities, any accrued and unpaid interest on such Debt
Securities will become payable by the Company to the Agent for payment to the
Holder of the Income PRIDES to which such Debt Securities relate. Such payment
will be made by the Company on or prior to 11 a.m., New York City time, on the
Purchase Contract Settlement Date in lawful money of the United States by
certified or cashiers' check or wire transfer, in each case, in immediately
available funds payable to or upon the order of the Agent. The Company will
cause a notice of such Failed Remarketing to be published on the Business Day
immediately preceding the Purchase Contract Settlement Date in an Authorized
Newspaper.

         (c) With respect to any Debt Securities beneficially owned by Holders
who have elected Cash Settlement but failed to deliver cash as required in
(a)(ii) above, or with respect to Debt Securities which are subject to a Failed
Remarketing, the Collateral Agent for the benefit of the Company reserves all of
its rights as a secured party with respect thereto and, subject to applicable
law and paragraph (h) below, may, among other things, (i) retain such Debt
Securities in full satisfaction of the Holders' obligations under the Purchase
Contracts or (ii) sell such Debt Securities in one or more public or private
sales and apply the proceeds of such sale in full satisfaction of the Holders'
obligations under the Purchase Contracts.

         (d) (i) Unless a Holder of a Growth PRIDES or Income PRIDES (if a
Treasury Portfolio has replaced the Debt Securities as a component of the Income
PRIDES) settles the underlying Purchase Contract through the early delivery of
cash to the Purchase Contract Agent in the manner described in Section 5.9, each
Holder of a Growth PRIDES or Income PRIDES (if a Treasury Portfolio has replaced
the Debt Securities as a component of the Income PRIDES) must notify the Agent
of its intention to pay in cash the Purchase Price for the shares of Common
Stock to be purchased pursuant to the Purchase Contract on the Purchase Contract
Settlement Date by presenting and surrendering to the Agent the Growth PRIDES
Certificate or Income PRIDES Certificate, as the case may be, with a notice in
substantially the form of Exhibit C hereto completed and executed. Such
presentation, surrender and notice must be made on or prior to 5:00 p.m., New
York City time, on the second Business Day immediately preceding the Purchase
Contract Settlement Date. The Agent shall promptly notify the Collateral Agent
of the receipt of such notice from a Holder intending to make a Cash Settlement.

         (ii) A Holder of a Growth PRIDES or Income PRIDES (if a Treasury
Portfolio has replaced the Debt Securities as a component of the Income PRIDES),
who has so notified the Agent of its intention to make a Cash Settlement in
accordance with paragraph (d)(i) above is required to pay the Purchase Price to
the Collateral Agent prior to 11:00 a.m., New York City time, on the Business
Day immediately preceding the Purchase Contract Settlement Date in lawful money
of the United States by certified or cashiers' check or wire transfer, in each
case, in immediately available funds payable to or upon the order of the
Company. Any cash received by the Collateral Agent will be invested promptly by
the Collateral Agent in Permitted Investments and paid to the Company on the
Purchase Contract Settlement Date in settlement of the Purchase Contract in
accordance with the terms of this Agreement and the Pledge

                                       39
<PAGE>
Agreement. Any funds received by the Collateral Agent in respect of the
investment earnings from the investment in such Permitted Investments will be
distributed to the Agent when received for payment to the Holder.

         (iii) If a Holder of a Growth PRIDES or Income PRIDES (if a Treasury
Portfolio has replaced the Debt Securities as a component of the Income PRIDES),
fails to notify the Agent of its intention to make a Cash Settlement in
accordance with paragraph (d)(i) above, or if such Holder does notify the Agent
as provided in paragraph (d)(i) above of its intention to pay the Purchase Price
in cash, but fails to make such payment as required by paragraph (d)(ii) above,
then such failure shall constitute a default under the Purchase Contract and
upon the maturity of the Pledged Treasury Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, held by the
Collateral Agent on the Business Day immediately prior to the Purchase Contract
Settlement Date, the principal amount of the Treasury Securities or the
Applicable Ownership Interest in the appropriate Treasury Portfolio, as the case
may be, received by the Collateral Agent will be invested promptly in overnight
Permitted Investments. On the Purchase Contract Settlement Date an amount equal
to the Purchase Price will be remitted to the Company as payment thereof without
receiving any instructions from the Holder. In the event the sum of the proceeds
from the related Pledged Treasury Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, as the case may be, and the
investment earnings earned from such investments is in excess of the aggregate
Purchase Price of the Purchase Contracts being settled thereby, the Collateral
Agent will distribute such excess to the Agent for the benefit of the Holder of
the related Growth PRIDES or Income PRIDES when received.

         (e) Any distribution to Holders of excess funds and interest described
above, shall be payable at the Corporate Trust Office maintained for that
purpose or, at the option of the Holder, by check mailed to the address of the
Person entitled thereto at such address as it appears on the Register.

         (f) The Company shall not be obligated to issue any shares of Common
Stock in respect of a Purchase Contract or deliver any certificate therefor to
the Holder unless it shall have received payment in full of the Purchase Price
for the shares of Common Stock to be purchased thereunder in the manner herein
set forth.

         (g) Upon Cash Settlement with respect to a Purchase Contract, (i) the
Collateral Agent will in accordance with the terms of the Pledge Agreement cause
the Pledged Debt Security or the Pledged Applicable Ownership Interest in the
appropriate Treasury Portfolio, as the case may be, or the Pledged Treasury
Security underlying the relevant Security to be released from the Pledge by the
Collateral Agent free and clear of any security interest of the Company and
transferred to the Agent for delivery to the Holder thereof or its designee as
soon as practicable and (ii) subject to the receipt thereof from the Collateral
Agent, the Agent shall, by book-entry transfer, or other appropriate procedures,
in accordance with instructions provided by the Holder thereof, transfer such
Debt Security or the Applicable Ownership Interest in the appropriate Treasury
Portfolio, as the case may be, or such Treasury Security (or, if no such
instructions are given to the Agent by the Holder, the Agent shall hold such
Debt Security or the Applicable Ownership Interest in the appropriate Treasury
Portfolio, as the case may be, or such

                                       40
<PAGE>
Treasury Security, and any distribution thereon, in the name of the Agent or its
nominee in trust for the benefit of such Holder).

         (h) The obligations of the Holders to pay the Purchase Price on the
Purchase Contract Settlement Date are non-recourse obligations and are payable
solely out of any Cash Settlement or the proceeds of any Collateral pledged to
secure the obligations of the Holders with respect to such Purchase Price, and
in no event will Holders be liable for any deficiency between the proceeds of
Collateral disposition and the Purchase Price.

SECTION 5.5 ISSUANCE OF SHARES OF COMMON STOCK.

         Unless a Termination Event shall have occurred, and except with respect
to Purchase Contracts with respect to which there has been an Early Settlement
or Cash Merger Early Settlement, on the Purchase Contract Settlement Date, upon
the Company's receipt of payment in full of the Purchase Price for the shares of
Common Stock purchased by the Holders pursuant to the foregoing provisions of
this Article and subject to Section 5.6(b), the Company shall issue and deposit
with the Agent, for the benefit of the Holders of the Outstanding Securities,
one or more certificates representing the newly issued shares of Common Stock
registered in the name of the Agent (or its nominee) as custodian for the
Holders (such certificates for shares of Common Stock, together with any
dividends or distributions for which both a record date and payment date for
such dividend or distribution has occurred after the Purchase Contract
Settlement Date, being hereinafter referred to as the "Purchase Contract
Settlement Fund") to which the Holders are entitled hereunder. Subject to the
foregoing, upon surrender of a Certificate to the Agent on or after the Purchase
Contract Settlement Date, together with settlement instructions thereon duly
completed and executed, the Holder of such Certificate shall be entitled to
receive in exchange therefor a certificate representing that number of whole
shares of Common Stock which such Holder is entitled to receive pursuant to the
provisions of this Article V (after taking into account all Securities then held
by such Holder) together with cash in lieu of fractional shares as provided in
Section 5.10 and any dividends or distributions with respect to such shares
constituting part of the Purchase Contract Settlement Fund, but without any
interest thereon, and any Certificate so surrendered shall forthwith be
cancelled. Such shares shall be registered in the name of the Holder or the
Holder's designee as specified in the settlement instructions provided by the
Holder to the Agent. If any shares of Common Stock issued in respect of a
Purchase Contract are to be registered to a Person other than the Person in
whose name the Certificate evidencing such Purchase Contract is registered, no
such registration shall be made unless the Person requesting such registration
has paid any transfer and other taxes required by reason of such registration in
a name other than that of the registered Holder of the Certificate evidencing
such Purchase Contract or has established to the satisfaction of the Company
that such tax either has been paid or is not payable.

SECTION 5.6 ADJUSTMENT OF SETTLEMENT RATE.

         (a) Adjustments for Dividends, Distributions, Stock Splits, Etc.

         (1) In case the Company shall pay or make a dividend or other
distribution on the Common Stock in Common Stock, the Settlement Rate, as in
effect at the opening of business on the day following the date fixed for the
determination of stockholders entitled to receive such

                                       41
<PAGE>
dividend or other distribution shall be increased by dividing such Settlement
Rate by a fraction of which the numerator shall be the number of shares of
Common Stock outstanding at the close of business on the date fixed for such
determination and the denominator shall be the sum of such number of shares and
the total number of shares constituting such dividend or other distribution,
such increase to become effective immediately after the opening of business on
the day following the date fixed for such determination. For the purposes of
this paragraph (1), the number of shares of Common Stock at any time outstanding
shall not include shares held in the treasury of the Company but shall include
any shares issuable in respect of any scrip certificates issued in lieu of
fractions of shares of Common Stock. The Company will not pay any dividend or
make any distribution on shares of Common Stock held in the treasury of the
Company.

         (2) In case the Company shall issue rights, options or warrants to all
holders of its Common Stock that are not available on an equivalent basis to
Holders of the Securities upon settlement of the Purchase Contracts underlying
such Securities entitling such holders of the Common Stock, for a period
expiring within 45 days after the record date for the determination of
stockholders entitled to receive such rights, options or warrants, to subscribe
for or purchase shares of Common Stock at a price per share less than the
Current Market Price per share of the Common Stock on the date fixed for the
determination of stockholders entitled to receive such rights, options or
warrants (other than pursuant to any dividend reinvestment plan or share
purchase plan, including such a plan that provides for purchases of Common Stock
by non-shareholders), the Settlement Rate, in effect at the opening of business
on the day following the date fixed for such determination shall be increased by
dividing such Settlement Rate, by a fraction of which the numerator shall be the
number of shares of Common Stock outstanding at the close of business on the
date fixed for such determination plus the number of shares of Common Stock
which the aggregate of the offering price of the total number of shares of
Common Stock so offered for subscription or purchase would purchase at such
Current Market Price and the denominator shall be the number of shares of Common
Stock outstanding at the close of business on the date fixed for such
determination plus the number of shares of Common Stock so offered for
subscription or purchase, such increase to become effective immediately after
the opening of business on the day following the date fixed for such
determination. For the purposes of this paragraph (2), the number of shares of
Common Stock at any time outstanding shall not include shares held in the
treasury of the Company but shall include any shares issuable in respect of any
scrip certificates issued in lieu of fractions of shares of Common Stock. The
Company shall not issue any such rights, options or warrants in respect of
shares of Common Stock held in the treasury of the Company.

         (3) In case outstanding shares of Common Stock shall be subdivided or
split into a greater number of shares of Common Stock, the Settlement Rate, in
effect at the opening of business on the day following the day upon which such
subdivision or split becomes effective shall be proportionately increased, and,
conversely, in case outstanding shares of Common Stock shall each be combined
into a smaller number of shares of Common Stock, the Settlement Rate, in effect
at the opening of business on the day following the day upon which such
combination becomes effective shall be proportionately reduced, such increase or
reduction, as the case may be, to become effective immediately after the opening
of business on the day following the day upon which such subdivision, split or
combination becomes effective.

                                       42
<PAGE>

      (4)   In case the Company shall, by dividend or otherwise, distribute
to all holders of its Common Stock evidences of its indebtedness or assets
(including securities, but excluding any rights or warrants referred to in
paragraph (2) of this Section, any dividend or distribution paid exclusively
in cash and any dividend or distribution referred to in paragraph (1) of this
Section), the Settlement Rate, in effect at the opening of business on the
day following the day on which such dividend or distribution was effected,
shall be adjusted so that the same shall equal the rate determined by
dividing the Settlement Rate in effect immediately prior to the close of
business on the date fixed for the determination of stockholders entitled to
receive such distribution by a fraction of which the numerator shall be the
Current Market Price per share of the Common Stock on the date fixed for such
determination less the then fair market value (as determined by the Board of
Directors, whose determination shall be conclusive and described in a Board
Resolution) of the portion of the assets or evidences of indebtedness so
distributed applicable to one share of Common Stock and the denominator shall
be such Current Market Price per share of the Common Stock, such adjustment
to become effective immediately prior to the opening of business on the day
following the date fixed for the determination of stockholders entitled to
receive such distribution.  In any case in which this paragraph (4) is
applicable, paragraph (2) of this Section shall not be applicable.

      (5)   In case the Company shall, (I) by dividend or otherwise,
distribute to all holders of its Common Stock cash (excluding any cash that
is distributed in a Reorganization Event to which Section 5.6(b) applies or
as part of a distribution referred to in paragraph (4) of this Section) in an
aggregate amount that, combined together with (II) the aggregate amount of
any other distributions to all holders of its Common Stock made exclusively
in cash within the 12 months preceding the date of payment of such
distribution and in respect of which no adjustment pursuant to this paragraph
(5) or paragraph (6) of this Section has been made and (III) the aggregate of
any cash plus the fair market value (as determined by the Board of Directors,
whose determination shall be conclusive and described in a Board Resolution)
of consideration payable in respect of any tender or exchange offer (other
than consideration payable in respect of any odd-lot tender offer) by the
Company or any of its subsidiaries for all or any portion of the Common Stock
concluded within the 12 months preceding the date of payment of the
distribution described in clause (I) above and in respect of which no
adjustment pursuant to this paragraph (5) or paragraph (6) of this Section
has been made, exceeds [__%] of the product of the Current Market Price per
share of the Common Stock on the date for the determination of holders of
shares of Common Stock entitled to receive such distribution times the number
of shares of Common Stock outstanding on such date, then, and in each such
case, immediately after the close of business on such date for determination,
the Settlement Rate, shall be increased so that the same shall equal the rate
determined by dividing the Settlement Rate in effect immediately prior to the
close of business on the date fixed for determination of the stockholders
entitled to receive such distribution by a fraction (i) the numerator of
which shall be equal to the Current Market Price per share of the Common
Stock on the date fixed for such determination less an amount equal to the
quotient of (x) the combined amount distributed or payable in the
transactions described in clauses (I), (II) and (III) above and (y) the
number of shares of Common Stock outstanding on such date for determination
and (ii) the denominator of which shall be equal to the Current Market Price
per share of the Common Stock on such date for determination.

                                       43
<PAGE>
      (6)   In case (I) a tender or exchange offer made by the Company or any
subsidiary of the Company for all or any portion of the Common Stock shall
expire and such tender or exchange offer (as amended upon the expiration
thereof) shall require the payment to stockholders (based on the acceptance
(up to any maximum specified in the terms of the tender or exchange offer) of
Purchased Shares (as defined below)) of an aggregate consideration having a
fair market value (as determined by the Board of Directors, whose
determination shall be conclusive and described in a Board Resolution) that
combined together with (II) the aggregate of the cash plus the fair market
value (as determined by the Board of Directors, whose determination shall be
conclusive and described in a Board Resolution), as of the expiration of such
tender or exchange offer, of consideration payable in respect of any other
tender or exchange offer (other than consideration payable in respect of any
odd-lot tender offer), by the Company or any subsidiary of the Company for
all or any portion of the Common Stock expiring within the 12 months
preceding the expiration of such tender or exchange offer and in respect of
which no adjustment pursuant to paragraph (5) of this Section or this
paragraph (6) has been made and (III) the aggregate amount of any
distributions to all holders of the Company's Common Stock made exclusively
in cash (other than regular quarterly cash dividends) within the 12 months
preceding the expiration of such tender or exchange offer and in respect of
which no adjustment pursuant to paragraph (5) of this Section or this
paragraph (6) has been made, exceeds 10% of the product of the Current
Market Price per share of the Common Stock as of the last time (the
"Expiration Time") tenders could have been made pursuant to such tender or
exchange offer (as it may be amended) times the number of shares of Common
Stock outstanding (including any tendered shares) on the Expiration Time,
then, and in each such case, immediately prior to the opening of business on
the day after the date of the Expiration Time, the Settlement Rate, shall be
adjusted so that the same shall equal the rate determined by dividing the
Settlement Rate immediately prior to the close of business on the date of the
Expiration Time by a fraction (i) the numerator of which shall be equal to
(A) the product of (I) the Current Market Price per share of the Common Stock
on the date of the Expiration Time and (II) the number of shares of Common
Stock outstanding (including any tendered shares) on the Expiration Time less
(B) the amount of cash plus the fair market value (determined as aforesaid)
of the aggregate consideration payable to stockholders based on the
transactions described in clauses (I), (II) and (III) above (assuming in the
case of clause (I) the acceptance, up to any maximum specified in the terms
of the tender or exchange offer, of Purchased Shares), and (ii) the
denominator of which shall be equal to the product of (A) the Current Market
Price per share of the Common Stock as of the Expiration Time and (B) the
number of shares of Common Stock outstanding (including any tendered shares)
as of the Expiration Time less the number of all shares validly tendered and
not withdrawn as of the Expiration Time (the shares deemed so accepted, up to
any such maximum, being referred to as the "Purchased Shares").

      (7)   The reclassification of Common Stock into securities including
securities other than Common Stock (other than any reclassification upon a
Reorganization Event to which Section 5.6(b) applies) shall be deemed to
involve (a) a distribution of such securities other than Common Stock to all
holders of Common Stock (and the effective date of such reclassification
shall be deemed to be "the date fixed for the determination of stockholders
entitled to receive such distribution" and the "date fixed for such
determination" within the meaning of paragraph (4) of this Section), and (b)
a subdivision, split or combination, as the case may be, of the number of
shares of Common Stock outstanding immediately prior to such reclassification
into the number of shares of Common Stock outstanding immediately thereafter
(and the effective

                                       44
<PAGE>
date of such reclassification shall be deemed to be "the day upon which such
subdivision or split becomes effective" or "the day upon which such combination
becomes effective", as the case may be, and "the day upon which such
subdivision, split or combination becomes effective" within the meaning of
paragraph (3) of this Section).

      (8)   The "Current Market Price" per share of Common Stock on any day
means the average of the daily Closing Prices for the five consecutive
Trading Days selected by the Company commencing not more than 30 Trading Days
before, and ending not later than, the earlier of the day in question and the
day before the "ex date" with respect to the issuance or distribution
requiring such computation.  For purposes of this paragraph, the term "ex
date," when used with respect to any issuance or distribution, shall mean the
first date on which the Common Stock trades regular way the applicable
exchange or in the applicable market without the right to receive such
issuance or distribution.

      (9)   All adjustments to the Settlement Rate, shall be calculated to
the nearest 1/10,000th of a share of Common Stock (or if there is not a
nearest 1/10,000th of a share to the next lower 1/10,000th of a share).  No
adjustment in the Settlement Rate shall be required unless such adjustment
would require an increase or decrease of at least one percent therein;
provided, however, that any adjustments which by reason of this subparagraph
are not required to be made shall be carried forward and taken into account
in any subsequent adjustment.  If an adjustment is made to the Settlement
Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this
Section 5.6(a), an adjustment shall also be made to the Applicable Market
Value solely to determine which of clauses (a), (b) or (c) of the definition
of Settlement Rate in Section 5.1 will apply on the Purchase Contract
Settlement Date.  Such adjustment shall be made by multiplying the Applicable
Market Value by a fraction of which the numerator shall be the Settlement
Rate immediately after such adjustment pursuant to paragraph (1), (2), (3),
(4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator shall
be the Settlement Rate immediately before such adjustment; provided, however,
that if such adjustment to the Settlement Rate is required to be made
pursuant to the occurrence of any of the events contemplated by paragraph
(1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period
taken into consideration for determining the Applicable Market Value,
appropriate and customary adjustments shall be made to the Settlement Rate.

      (10)  The Company may make such increases in the Settlement Rate, in
addition to those required by this Section, as it considers to be advisable
in order to avoid or diminish the effect of any income tax to any holders of
shares of Common Stock resulting from any dividend or distribution of stock
or issuance of rights or warrants to purchase or subscribe for stock or from
any event treated as such for income tax purposes or for any other reasons.

      (b)   Adjustment for Consolidation, Merger or Other Reorganization
Event.  In the event of (i) any consolidation or merger of the Company with
or into another Person (other than a merger or consolidation in which the
Company is the continuing corporation and in which the Common Stock
outstanding immediately prior to the merger or consolidation is not exchanged
for cash, securities or other property of the Company or another
corporation), (ii) any sale, transfer, lease or conveyance to another Person
of the property of the Company as an entirety or substantially as an
entirety, (iii) any statutory exchange of securities of the Company with
another Person (other than in connection with a merger or acquisition) or
(iv) any liquidation,

                                       45
<PAGE>
dissolution or winding up of the Company other than as a result of or after the
occurrence of a Termination Event (any such event, a "Reorganization Event"),
the Settlement Rate will be adjusted to provide that each Holder of Securities
will receive on the Purchase Contract Settlement Date with respect to each
Purchase Contract forming a part thereof, the kind and amount of securities,
cash and other property receivable upon such Reorganization Event (without any
interest thereon, and without any right to dividends or distribution thereon
which have a record date that is prior to the Purchase Contract Settlement Date)
by a Holder of the number of shares of Common Stock issuable on account of each
Purchase Contract if the Purchase Contract Settlement Date had occurred
immediately prior to such Reorganization Event assuming such Holder of Common
Stock is not a Person with which the Company consolidated or into which the
Company merged or which merged into the Company or with which such statutory
exchange of securities was effected or to which such sale, transfer, lease or
conveyance was made, as the case may be (any such Person, a "Constituent
Person"), or an Affiliate of a Constituent Person to the extent such
Reorganization Event provides for different treatment of Common Stock held by
Affiliates of the Company and non-affiliates and such Holder failed to exercise
its rights of election, if any, as to the kind or amount of securities, cash and
other property receivable upon such Reorganization Event (provided that if the
kind or amount of securities, cash and other property receivable upon such
Reorganization Event is not the same for each share of Common Stock held
immediately prior to such Reorganization Event by other than a Constituent
Person or an Affiliate thereof and in respect of which such rights of election
shall not have been exercised ("non-electing share"), then for the purpose of
this Section the kind and amount of securities, cash and other property
receivable upon such Reorganization Event by each non-electing share shall be
deemed to be the kind and amount so receivable per share by a plurality of the
non-electing shares). In the event of such a Reorganization Event, the Person
formed by such consolidation, merger or exchange or the Person which acquires
the assets of the Company or, in the event of a liquidation or dissolution of
the Company, the Company or a liquidating trust created in connection therewith,
shall execute and deliver to the Agent an agreement supplemental hereto
providing that the Holders of each Outstanding Security shall have the rights
provided by this Section 5.6. Such supplemental agreement shall provide for
adjustments which, for events subsequent to the effective date of such
supplemental agreement, shall be as nearly equivalent as may be practicable to
the adjustments provided for in this Section. The above provisions of this
Section shall similarly apply to successive Reorganization Events.

SECTION 5.7    NOTICE OF ADJUSTMENTS AND CERTAIN OTHER EVENTS.

      (a)   Whenever the Settlement Rate is adjusted as herein provided, the
Company shall:

      (i)   forthwith compute the Settlement Rate in accordance with Section
5.6 and prepare and transmit to the Agent a Company Certificate setting forth
the Settlement Rate, the method of calculation thereof in reasonable detail,
and the facts requiring such adjustment and upon which such adjustment is
based; and

      (ii)  within 10 Business Days following the occurrence of an event that
requires an adjustment to the Settlement Rate pursuant to Section 5.6 (or if
the Company is not aware of such occurrence, as soon as practicable after
becoming so aware), provide a written notice to the Holders of the Securities
of the occurrence of such event and a statement in reasonable detail

                                       46
<PAGE>
setting forth the method by which the adjustment to the Settlement Rate was
determined and setting forth the adjusted Settlement Rate.

      (b)   The Agent shall not at any time be under any duty or
responsibility to any Holder of Securities to determine whether any facts
exist which may require any adjustment of the Settlement Rate, or with
respect to the nature or extent or calculation of any such adjustment when
made, or with respect to the method employed in making the same.  The Agent
shall not be accountable with respect to the validity or value (or the kind
or amount) of any shares of Common Stock, or of any securities or property,
which may at the time be issued or delivered with respect to any Purchase
Contract, and the Agent makes no representation with respect thereto.  The
Agent shall not be responsible for any failure of the Company to issue,
transfer or deliver any shares of Common Stock pursuant to a Purchase
Contract or to comply with any of the duties, responsibilities or covenants
of the Company contained in this Article.

SECTION 5.8    TERMINATION EVENT; NOTICE.

      The Purchase Contracts and all obligations and rights of the Company
and the Holders thereunder, including, without limitation, the rights of the
Holders to receive and the obligation of the Company to pay any Contract
Adjustment Payments or any Deferred Contract Adjustment Payments, and the
rights and obligations of the Holders to purchase Common Stock, will
immediately and automatically terminate, without the necessity of any notice
or action by any Holder, the Agent or the Company, if, on or prior to the
Purchase Contract Settlement Date, a Termination Event shall have occurred.
Upon the occurrence of a Termination Event, the Company shall promptly but in
no event later than two Business Days thereafter give written notice thereof
to the Agent, the Collateral Agent and to the Holders, at their addresses as
they appear in the applicable Register.  Upon and after the occurrence of a
Termination Event, the Securities shall thereafter represent the right to
receive the Debt Securities or the Applicable Ownership Interest in the
appropriate Treasury Portfolio, as the case may be, forming a part of such
Securities in the case of Income PRIDES, or Treasury Securities in the case
of Growth PRIDES, in accordance with the provisions of Section 4.3 of the
Pledge Agreement.

SECTION 5.9    EARLY SETTLEMENT.

      (a)   At Option of Holder.

      (i)   A holder of Income PRIDES may settle the related Purchase Contracts
in their entirety at any time on or prior to the fifth Business Day immediately
preceding the Purchase Contract Settlement Date in the manner described herein,
but only in integral multiples of 40 Income PRIDES; provided, however, if a
Treasury Portfolio has become a component of the Income PRIDES, Holders of
Income PRIDES may settle early only in integral multiples of        Income
PRIDES (or such other number of Income PRIDES as may be determined by the Reset
Agent upon a successful remarketing of Debt Securities if the Reset Date is not
an Interest Payment Date).  A holder of Growth PRIDES may settle the related
Purchase Contracts in their entirety at any time on or prior to the second
Business Day immediately preceding the Purchase Contract Settlement Date in the
manner described herein (in either case, "Early Settlement") but only in
integral multiples of 40 Growth PRIDES.  The right to Early Settlement is
subject to there being in effect, if so required under Federal securities laws,
a registration statement covering the shares of Common Stock to be delivered in
respect of the Purchase Contracts being settled (it being understood that, if so
required under Federal securities laws, the

                                       47
<PAGE>
Company shall use commercially reasonable efforts to (1) cause such a
registration statement to become effective and (2) provide a prospectus in
connection therewith, in each case, in a form appropriate for Early
Settlements). Upon Early Settlement, (i) the holder's rights to receive Deferred
Contract Adjustment Payments, if any, on the Purchase Contracts being settled
will be forfeited, (ii) the holder's right to receive additional Contract
Adjustment Payments in respect of such Purchase Contracts will terminate and
(iii) no adjustment will be made to or for the holder on account of Deferred
Contract Adjustment Payments, or any amount accrued in respect of Contract
Adjustment Payments. In order to exercise the right to effect any Early
Settlement with respect to any Purchase Contracts, the Holder of the Certificate
evidencing Securities shall deliver such Certificate to the Agent at the
Corporate Trust Office duly endorsed for transfer to the Company or in blank
with the form of Election to Settle Early therein duly completed and executed
and accompanied by payment payable to the Company in immediately available funds
in an amount (the "Early Settlement Amount") equal to the sum of (x) $25 times
the number of Purchase Contracts being settled and (y) if such delivery is made
with respect to any Purchase Contracts during the period from the close of
business on any Record Date next preceding any Payment Date to the opening of
business on such Payment Date, an amount equal to the Contract Adjustment
Payments payable on such Payment Date with respect to such Purchase Contracts;
provided that no payment is required if the Company has elected to defer the
Contract Adjustment Payments which would otherwise be payable on the Payment
Date. Except as provided in the immediately preceding sentence and subject to
the second to last paragraph of Section 5.2, no payment or adjustment shall be
made upon Early Settlement of any Purchase Contract on account of any Contract
Adjustment Payments accrued on such Purchase Contract or on account of any
dividends on the Common Stock issued upon such Early Settlement. In order for
any of the foregoing requirements to be considered satisfied or effective with
respect to a Purchase Contract underlying any Security on or by a particular
Business Day, such requirement must be met at or prior to 5:00 p.m., New York
City time, on such Business Day; the first Business Day on which all of the
foregoing requirements have been satisfied by 5:00 p.m., New York City time
shall be the "Early Settlement Date" with respect to such Security.

      (ii)  Upon Early Settlement of Purchase Contracts by a Holder of the
related Securities, the Company shall issue, and the Holder shall be entitled
to receive 0.7396 newly issued shares of Common Stock per Income PRIDES or
Growth PRIDES (the "Early Settlement Rate") (regardless of the market price
of the Common Stock on the date of Early Settlement); provided, however, that
upon the Early Settlement of the Purchase Contracts, the Holder of such
related Securities will forfeit the right to receive any Deferred Contract
Adjustment Payments.  The Early Settlement Rate shall be adjusted in the same
manner and at the same time as the Settlement Rate is adjusted, in accordance
with Section 5.6.  As promptly as practicable after Early Settlement of
Purchase Contracts in accordance with the provisions of this Section 5.9, the
Company shall issue and shall deliver to the Agent at the Corporate Trust
Office a certificate or certificates for the full number of shares of Common
Stock issuable upon such Early Settlement together with payment in lieu of
any fraction of a share, as provided in Section 5.10.

      (iii) No later than the third Business Day after the applicable Early
Settlement Date the Company shall cause (i) the shares of Common Stock
issuable upon Early Settlement of Purchase Contracts to be issued and
delivered, and (ii) the related Debt Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, in the case of Income PRIDES,
or the related Treasury Securities, in the case of Growth PRIDES, to be
released from

                                       48
<PAGE>
the Pledge by the Collateral Agent and transferred, in each case to the Agent
for delivery to the Holder thereof or its designee.

      (iv)  Upon Early Settlement of any Purchase Contracts, and subject to
receipt of shares of Common Stock from the Company and the Debt Securities,
the Applicable Ownership Interest in the appropriate Treasury Portfolio or
Treasury Securities, as the case may be, from the Collateral Agent, as
applicable, the Agent shall, in accordance with the instructions provided by
the Holder thereof on the applicable form of Election to Settle Early in the
Certificate evidencing the related Securities, (i) transfer to the Holder the
Debt Securities, Treasury Portfolio or Treasury Securities, as the case may
be, forming a part of such Securities, and (ii) deliver to the Holder a
certificate or certificates for the full number of shares of Common Stock
issuable upon such Early Settlement together with payment in lieu of any
fraction of a share, as provided in Section 5.10.

      (v)   In the event that Early Settlement is effected with respect to
Purchase Contracts underlying less than all the Securities evidenced by a
Certificate, upon such Early Settlement the Company shall execute and the
Agent shall authenticate, countersign and deliver to the Holder thereof, at
the expense of the Company, a Certificate evidencing the Securities as to
which Early Settlement was not effected.

      (b)   Cash Merger.

      (i)   If, prior to the Purchase Contract Settlement Date, (i) the
Company merges with or into another entity, (ii) the Common Stock is
converted, exchanged, reclassified or cancelled in such merger, and (iii) at
least 30% of the consideration received by the Company's shareholders for its
Common Stock in such merger consists of cash or cash equivalents (a "Cash
Merger"), then each Holder of Securities shall have the right to settle the
Purchase Contract at the Settlement Rate in effect immediately before the
Cash Merger (a "Cash Merger Early Settlement").  The right to Cash Merger
Early Settlement is subject to there being in effect, if so required under
Federal securities laws, a registration statement covering the securities to
be delivered in respect of the Purchase Contracts being settled (it being
understood that, if so required under Federal securities laws, the Company
shall use commercially reasonable efforts to (1) cause such a registration
statement to become effective and (2) provide a prospectus in connection
therewith, in each case, in a form appropriate for Early Settlements). Upon
Cash Merger Early Settlement, (i) the holder's rights to receive Deferred
Contract Adjustment Payments, if any, on the Purchase Contracts being settled
will be forfeited, (ii) the holder's right to receive additional Contract
Adjustment Payments in respect of such Purchase Contracts will terminate and
(iii) no adjustment will be made to or for the holder on account of Deferred
Contract Adjustment Payments, or any amount accrued in respect of Contract
Adjustment Payments.  The Company shall provide each of the Holders with a
notice of the consummation of the Cash Merger within five Business Days after
the consummation thereof.  Such notice will specify, among other things, the
"Cash Merger Early Settlement Date," which shall be 10 Business Days after
the date of such notice, and the amount of the cash, securities and other
consideration receivable by each Holder upon a Cash Merger Early Settlement.

      (ii)  To exercise a Cash Merger Early Settlement, a Holder shall
deliver, present and surrender the Certificates evidencing such Securities as
shall be settled at the offices of the

                                       49
<PAGE>
Agent, accompanied by payment to the Company in immediately available funds of
an amount equal to (1) $25 multiplied by (2) the number of Purchase Contracts
being settled, plus (3) if such delivery is made with respect to any Purchase
Contracts during the period from the close of business on any Record Date next
preceding any Payment Date to the opening of business on such Payment Date, an
amount equal to the Contract Adjustment Payments payable on such Payment Date
with respect to such Purchase Contracts; provided that no payment is required if
the Company has elected to defer the Contract Adjustment Payments which would
otherwise be payable on the Payment Date, no later than 5:00 p.m., New York City
time, on the Business Day immediately preceding the Cash Merger Early Settlement
Date. Except as provided in the immediately preceding sentence and subject to
the second to last paragraph of Section 5.2, no payment or adjustment shall be
made upon Cash Merger Early Settlement of any Purchase Contract on account of
any Contract Adjustment Payments accrued on such Purchase Contract or on account
of any dividends on the Common Stock issued upon such Cash Merger Early
Settlement.

      (iii) Upon a Cash Merger Early Settlement, the Company will deliver, or
cause to be delivered, to Holders duly exercising a Cash Merger Early
Settlement on the Cash Merger Early Settlement Date the kind and amount of
securities, cash or other property that such Holders would have been entitled
to receive if they had settled the Purchase Contracts immediately before the
Cash Merger at the Settlement Rate in effect at such time.

     (iv)  No later than the third Business Day after the applicable Cash Merger
Early Settlement Date the Company shall cause (i) the shares of Common Stock
issuable upon Cash Merger Early Settlement of Purchase Contracts to be issued
and delivered, and (ii) the related Debt Securities or the Applicable Ownership
Interest in the appropriate Treasury Portfolio, in the case of Income PRIDES, or
the related Treasury Securities, in the case of Growth PRIDES, to be released
from the Pledge by the Collateral Agent and transferred, in each case to the
Agent for delivery to the Holder thereof or its designee.

     (v)   In the event that Cash Merger Early Settlement is effected with
respect to Purchase Contracts underlying less than all the Securities evidenced
by a Certificate, upon such Cash Merger Early Settlement the Company shall
execute and the Agent shall authenticate, countersign and deliver to the Holder
thereof, at the expense of the Company, a Certificate evidencing the Securities
as to which Early Settlement was not effected.

SECTION 5.10   NO FRACTIONAL SHARES.

      No fractional shares or scrip representing fractional shares of Common
Stock shall be issued or delivered upon settlement on the Purchase Contract
Settlement Date or upon Early Settlement or Cash Merger Early Settlement of
any Purchase Contracts.  If Certificates evidencing more than one Purchase
Contract shall be surrendered for settlement at one time by the same Holder,
the number of full shares of Common Stock which shall be delivered upon
settlement shall be computed on the basis of the aggregate number of Purchase
Contracts evidenced by the Certificates so surrendered.  Instead of any
fractional share of Common Stock which would otherwise be deliverable upon
settlement of any Purchase Contracts on the Purchase Contract Settlement Date
or upon Early Settlement or Cash Merger Early Settlement, the Company,
through the Agent, shall make a cash payment in respect of such fractional
interest in an amount equal to the fractional share times (i) the Threshold
Appreciation Price, in the case

                                       50
<PAGE>
of an Early Settlement or (ii) the Applicable Market Value, in all other
circumstances. The Company shall provide the Agent from time to time with
sufficient funds to permit the Agent to make all cash payments required by this
Section 5.10 in a timely manner.

SECTION 5.11   CHARGES AND TAXES.

      The Company will pay all stock transfer and similar taxes attributable
to the initial issuance and delivery of the shares of Common Stock pursuant
to the Purchase Contracts and in payment of any Deferred Contract Adjustment
Payments; provided, however, that the Company shall not be required to pay
any such tax or taxes which may be payable in respect of any exchange of or
substitution for a Certificate evidencing a Security or any issuance of a
share of Common Stock in a name other than that of the registered Holder of a
Certificate surrendered in respect of the Securities evidenced thereby, other
than in the name of the Agent, as custodian for such Holder, and the Company
shall not be required to issue or deliver such share certificates or
Certificates unless or until the Person or Persons requesting the transfer or
issuance thereof shall have paid to the Company the amount of such tax or
shall have established to the satisfaction of the Company that such tax has
been paid or that no such tax is due.

                                  ARTICLE VI

                                   REMEDIES

SECTION 6.1    UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE CONTRACT ADJUSTMENT
               PAYMENTS AND TO PURCHASE COMMON STOCK.

      The Holder of any Income PRIDES or Growth PRIDES shall have the right,
which is absolute and unconditional (subject to the right of the Company to
defer payment thereof pursuant to Section 5.3, the prepayment of Contract
Adjustment Payments pursuant to Section 5.9 and the forfeiture of any
Deferred Contract Adjustment Payments upon Early Settlement or Cash Merger
Early Settlement pursuant to Section 5.9 or upon the occurrence of a
Termination Event), to receive payment of each installment of the Contract
Adjustment Payments with respect to the Purchase Contract constituting a part
of such Security on the respective Payment Date for such Security and to
purchase Common Stock pursuant to such Purchase Contract and, in each such
case, to institute suit for the enforcement of any such payment and right to
purchase Common Stock, and such rights shall not be impaired without the
consent of such Holder.

SECTION 6.2    RESTORATION OF RIGHTS AND REMEDIES.

      If any Holder has instituted any proceeding to enforce any right or
remedy under this Agreement and such proceeding has been discontinued or
abandoned for any reason, or has been determined adversely to such Holder,
then and in every such case, subject to any determination in such proceeding,
the Company and such Holder shall be restored severally and respectively to
their former positions hereunder and thereafter all rights and remedies of
such Holder shall continue as though no such proceeding had been instituted.

                                       51
<PAGE>
SECTION 6.3    RIGHTS AND REMEDIES CUMULATIVE.

      Except as otherwise provided with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Certificates in the last paragraph of
Section 3.10, no right or remedy herein conferred upon or reserved to the
Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise.  The assertion or employment of
any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.

SECTION 6.4    DELAY OR OMISSION NOT WAIVER.

      No delay or omission of any Holder to exercise any right or remedy upon
a default shall impair any such right or remedy or constitute a waiver of any
such right.  Every right and remedy given by this Article or by law to the
Holders may be exercised from time to time, and as often as may be deemed
expedient, by such Holders.

SECTION 6.5    UNDERTAKING FOR COSTS.

      All parties to this Agreement agree, and each Holder of Income PRIDES
or Growth PRIDES, by its acceptance of such Income PRIDES or Growth PRIDES
shall be deemed to have agreed, that any court may in its discretion require,
in any suit for the enforcement of any right or remedy under this Agreement,
or in any suit against the Agent for any action taken, suffered or omitted by
it as Agent, the filing by any party litigant in such suit of an undertaking
to pay the costs of such suit, and that such court may in its discretion
assess reasonable costs, including reasonable attorneys' fees, against any
party litigant in such suit, having due regard to the merits and good faith
of the claims or defenses made by such party litigant; provided that the
provisions of this Section shall not apply to any suit instituted by the
Company, to any suit instituted by the Agent, to any suit instituted by any
Holder, or group of Holders, holding in the aggregate more than 10% of the
Outstanding Securities, or to any suit instituted by any Holder for the
enforcement of payment of interest on any Debt Securities or Contract
Adjustment Payments on any Purchase Contract on or after the respective
Payment Date therefor in respect of any Security held by such Holder, or for
enforcement of the right to purchase shares of Common Stock under the
Purchase Contracts constituting part of any Security held by such Holder.

SECTION 6.6    WAIVER OF STAY OR EXTENSION LAWS.

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

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                                 ARTICLE VII

                                  THE AGENT

SECTION 7.1    CERTAIN DUTIES AND RESPONSIBILITIES.

      (a)   Prior to a Default and after the curing or waiving of all such
Defaults that may have occurred,

      (1)   the Agent undertakes to perform, with respect to the Securities,
such duties and only such duties as are specifically set forth in this
Agreement and no implied covenants or obligations shall be read into this
Agreement against the Agent; and

      (2)   the Agent may, with respect to the Securities, conclusively rely,
as to the truth of the statements and the correctness of the opinions
expressed therein, in the absence of bad faith, negligence or willful
misconduct on the part of the Agent, upon certificates or opinions furnished
to the Agent and conforming to the requirements of this Agreement; but in the
case of any certificates or opinions which by any provision hereof are
specifically required to be furnished to the Agent, the Agent shall be under
a duty to examine the same to determine whether or not they conform to the
requirements of this Agreement.

      (b)   No provision of this Agreement shall be construed to relieve the
Agent from liability for its own negligent action, its own negligent failure
to act, or its own willful misconduct, except that

      (1)   this Subsection shall not be construed to limit the effect of
Subsection (a) of this Section;

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

      (3)   no provision of this Agreement shall require the Agent to expend
or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its
rights or powers.

      (c)   Whether or not therein expressly so provided, every provision of
this Agreement relating to the conduct or affecting the liability of or
affording protection to the Agent shall be subject to the provisions of this
Section.

      (d)   The Agent is authorized to execute, deliver and perform the
Pledge Agreement in its capacity as Agent and to grant the Pledge.  The Agent
shall be entitled to all of the rights, privileges, immunities and
indemnities contained in this Agreement with respect to any duties of the
Agent under, or actions taken by the Agent pursuant to, such Pledge Agreement.

      (e)   In case a Default has occurred (that has not been cured or
waived), and is actually known by a Responsible Officer of the Agent, the
Agent shall exercise such of the rights and powers vested in it by this
Agreement, and use the same degree of care and skill in its exercise

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<PAGE>
thereof, as a prudent person would exercise or use under the circumstances in
the conduct of his or her own affairs.

      (f)   At the request of the Company, the Agent is authorized to execute
and deliver one or more Remarketing Agreements to, among other things,
effectuate Section 5.4.

SECTION 7.2    NOTICE OF DEFAULT.

      Within 90 days after the occurrence of any Default hereunder of which a
Responsible Officer of the Agent has actual knowledge, the Agent shall
transmit by mail to the Company and the Holders of Securities, as their names
and addresses appear in the Register, notice of such Default hereunder,
unless such Default shall have been cured or waived; provided that, except
for a Default in any payment obligation hereunder, the Agent shall be
protected in withholding such notice if and so long as a Responsible Officer
of the Agent in good faith determines that the withholding of such notice is
in the interests of the Holders of the Securities.

SECTION 7.3    CERTAIN RIGHTS OF AGENT.

      Subject to the provisions of Section 7.1:

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

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

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

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

      (e)   the Agent shall not be bound to make any investigation into the
facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order,
bond, debenture, note, other evidence of indebtedness or other paper or
document, but the Agent, in its discretion, may make reasonable further
inquiry or investigation into such facts or matters related to the execution,
delivery and performance of the Purchase Contracts as it may see fit, and, if
the Agent shall determine to make such further inquiry or investigation, it
shall be given a reasonable opportunity to examine the books, records and
premises of the Company, personally or by agent or attorney;

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<PAGE>
      (f)   the Agent may execute any of the powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys or an
Affiliate and the Agent shall not be responsible for any misconduct or
negligence on the part of any agent or attorney or an Affiliate appointed
with due care by it hereunder; and

      (g)   the rights, privileges, protections, immunities and benefits
given to the Agent, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Agent in each
of its capacities hereunder.

SECTION 7.4    NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES.

      The recitals contained herein and in the Certificates shall be taken as
the statements of the Company, and the Agent assumes no responsibility for
their accuracy.  The Agent makes no representations as to the validity or
sufficiency of either this Agreement or of the Securities, or of the Pledge
Agreement or the Pledge.  The Agent shall not be accountable for the use or
application by the Company of the proceeds in respect of the Purchase
Contracts.

SECTION 7.5    MAY HOLD SECURITIES.

      Any Registrar or any other agent of the Company, or the Agent and its
Affiliates, in their individual or any other capacity, may become the owner
or pledgee of Securities and may otherwise deal with the Company, the
Collateral Agent or any other Person with the same rights it would have if it
were not Registrar or such other agent, or the Agent.

SECTION 7.6    MONEY HELD IN CUSTODY.

      Money held by the Agent in custody hereunder need not be segregated
from the other funds except to the extent required by law or provided
herein.  The Agent shall be under no obligation to invest or pay interest on
any money received by it hereunder except as otherwise agreed in writing with
the Company.

SECTION 7.7    COMPENSATION AND REIMBURSEMENT.

      The Company agrees:

      (a)   to pay to the Agent from time to time such compensation for all
services rendered by it hereunder as the parties shall agree from time to
time in writing (which compensation shall not be limited by any provisions of
law in regards to the compensation of a trustee of an express trust);

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

      (c)   to indemnify the Agent and any predecessor Agent for, and to hold
it harmless against, any loss, liability or expense incurred without
negligence or bad faith on its part, arising

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<PAGE>
out of or in connection with the acceptance or administration or the performance
of its duties hereunder, including the costs and expenses of defending itself
against any claim or liability in connection with the exercise or performance of
any of its powers or duties hereunder.

      "Agent" for purposes of this Section 7.7 shall include any predecessor
Agent; provided, however, that the negligence or bad faith of any Agent
hereunder shall not affect the rights of any other Agent hereunder.

      When the Agent incurs expenses or renders services in an action or
proceeding commenced pursuant to Section 4.3 of the Pledge Agreement upon the
occurrence of a Termination Event, the expenses (including the reasonable
charges and expenses of its counsel) and the compensation for the services
are intended to constitute expenses of administration under any applicable
Federal or State bankruptcy, insolvency or other similar law.

      The provisions of this Section 7.7 shall survive the termination of
this Agreement and the Pledge Agreement.

SECTION 7.8    CORPORATE AGENT REQUIRED; ELIGIBILITY.

      There shall at all times be an Agent hereunder which shall be (i) not
an Affiliate of the Company and (ii) a corporation organized and doing
business under the laws of the United States of America, any State thereof or
the District of Columbia, authorized under such laws to exercise corporate
trust powers, having (or being a member of a bank holding company having) a
combined capital and surplus of at least $50,000,000 and subject to
supervision or examination by Federal or State authority.  If such
corporation publishes reports of condition at least annually, pursuant to law
or to the requirements of said supervising or examining authority, then for
the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published.  If at any time
the Agent shall cease to be eligible in accordance with the provisions of
this Section, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article.

SECTION 7.9    RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

      (a)   No resignation or removal of the Agent and no appointment of a
successor Agent pursuant to this Article shall become effective until the
acceptance of appointment by the successor Agent in accordance with the
applicable requirements of Section 7.10.

      (b)   The Agent may resign at any time by giving written notice thereof
to the Company 60 days prior to the effective date of such resignation.  If
the instrument of acceptance by a successor Agent required by Section 7.10
shall not have been delivered to the Agent within 30 days after the giving of
such notice of resignation, the resigning Agent may petition any court of
competent jurisdiction for the appointment of a successor Agent.

      (c)   The Agent may be removed at any time by Act of the Holders of a
majority in number of the Outstanding Securities delivered to the Agent and
the Company.

      (d)   If at any time

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<PAGE>
            (1)   the Agent fails to comply with Section 310(b) of the TIA,
      as if the Agent was an indenture trustee under an indenture qualified
      under the TIA, after written request therefor by the Company or by any
      Holder who has been a bona fide Holder of a Security for at least six
      months, or

            (2)   the Agent shall cease to be eligible under Section 7.8 and
      shall fail to resign after written request therefor by the Company or
      by any such Holder, or

            (3)   the Agent shall become incapable of acting or shall be
      adjudged a bankrupt or insolvent or a receiver of the Agent or of its
      property shall be appointed or any public officer shall take charge or
      control of the Agent or of its property or affairs for the purpose of
      rehabilitation, conservation or liquidation, then, in any such case,
      (i) the Company by a Board Resolution may remove the Agent, or (ii) any
      Holder who has been a bona fide Holder of a Security for at least six
      months may, on behalf of himself and all others similarly situated,
      petition any court of competent jurisdiction for the removal of the
      Agent and the appointment of a successor Agent.

      (e)   If the Agent shall resign, be removed or become incapable of
acting, or if a vacancy shall occur in the office of Agent for any cause, the
Company, by a Board Resolution, shall promptly appoint a successor Agent and
shall comply with the applicable requirements of Section 7.10.  If no
successor Agent shall have been so appointed by the Company and accepted
appointment in the manner required by Section 7.10, the Agent or any Holder
who has been a bona fide Holder of a Security for at least six months may, on
behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the appointment of a successor Agent.

      (f)   The Company shall give, or shall cause such successor Agent to
give, notice of each resignation and each removal of the Agent and each
appointment of a successor Agent by mailing written notice of such event by
first-class mail, postage prepaid, to all Holders as their names and
addresses appear in the applicable Register.  Each notice shall include the
name of the successor Agent and the address of its Corporate Trust Office.

SECTION 7.10   ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

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

                                       57
<PAGE>
      (b)   Upon request of any such successor Agent, the Company shall
execute any and all instruments for more fully and certainly vesting in and
confirming to such successor Agent all such rights, powers and agencies
referred to in paragraph (a) of this Section.

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

SECTION 7.11   MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.

      Any Person into which the Agent may be merged or converted or with
which it may be consolidated, or any Person resulting from any merger,
conversion or consolidation to which the Agent shall be a party, or any
Person succeeding to all or substantially all the corporate trust business of
the Agent, shall be the successor of the Agent hereunder, provided such
Person shall be otherwise qualified and eligible under this Article, without
the execution or filing of any paper or any further act on the part of any of
the parties hereto.  In case any Certificates shall have been authenticated
and executed on behalf of the Holders, but not delivered, by the Agent then
in office, any successor by merger, conversion or consolidation to such Agent
may adopt such authentication and execution and deliver the Certificates so
authenticated and executed with the same effect as if such successor Agent
had itself authenticated and executed such Securities.

SECTION 7.12   PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS.

      (a)   The Agent shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders received by the Agent in its
capacity as Registrar.

      (b)   If three or more Holders (herein referred to as "applicants")
apply in writing to the Agent, and furnish to the Agent reasonable proof that
each such applicant has owned a Security for a period of at least six months
preceding the date of such application, and such application states that the
applicants desire to communicate with other Holders with respect to their
rights under this Agreement or under the Securities and is accompanied by a
copy of the form of proxy or other communication which such applicants
propose to transmit, then the Agent shall mail to all the Holders copies of
the form of proxy or other communication which is specified in such request,
with reasonable promptness after a tender to the Agent of the materials to be
mailed and of payment, or provision for the payment, of the reasonable
expenses of such mailing.

SECTION 7.13   NO OBLIGATIONS OF AGENT.

      Except to the extent otherwise provided in this Agreement, the Agent
assumes no obligations and shall not be subject to any liability under this
Agreement, the Pledge Agreement or any Purchase Contract in respect of the
obligations of the Holder of any Security thereunder.  The Company agrees,
and each Holder of a Certificate, by his acceptance thereof, shall be deemed
to have agreed, that the Agent's execution of the Certificates on behalf of
the Holders shall be solely as agent and attorney-in-fact for the Holders,
and that the Agent shall have no obligation to perform such Purchase
Contracts on behalf of the Holders, except to the extent expressly provided
in Article V hereof.

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SECTION 7.14   TAX COMPLIANCE.

      (a)   The Agent, on its own behalf and on behalf of the Company, will
comply with all applicable certification, information reporting and
withholding (including "backup" withholding) requirements imposed by
applicable tax laws, regulations or administrative practice with respect to
(i) any payments made with respect to the Securities or (ii) the issuance,
delivery, holding, transfer, redemption or exercise of rights under the
Securities.  Such compliance shall include, without limitation, the
preparation and timely filing of required returns and the timely payment of
all amounts required to be withheld to the appropriate taxing authority or
its designated agent.

      (b)   The Agent shall comply with any written direction received from
the Company with respect to the application of such requirements to
particular payments or Holders or in other particular circumstances, and may
for purposes of this Agreement conclusively rely on any such direction in
accordance with the provisions of Section 7.1(a)(2) hereof.

      (c)   The Agent shall maintain all appropriate records documenting
compliance with such requirements, and shall make such records available, on
written request, to the Company or its authorized representative within a
reasonable period of time after receipt of such request.

                                  ARTICLE VIII

                             SUPPLEMENTAL AGREEMENTS

SECTION 8.1    SUPPLEMENTAL AGREEMENTS WITHOUT CONSENT OF HOLDERS.

      Without the consent of any Holders, the Company and the Agent, at any
time and from time to time, may enter into one or more agreements
supplemental hereto, in form satisfactory to the Company and the Agent, for
any of the following purposes:

      (a)   to evidence the succession of another Person to the Company, and
the assumption by any such successor of the covenants of the Company herein
and in the Certificates; or

      (b)   to add to the covenants of the Company for the benefit of the
Holders, or to surrender any right or power herein conferred upon the
Company; or

      (c)   to evidence and provide for the acceptance of appointment
hereunder by a successor Agent; or

      (d)   to make provision with respect to the rights of Holders pursuant
to the requirements of Section 5.6(b); or

      (e)   to cure any ambiguity, to correct or supplement any provisions
herein which may be inconsistent with any other provisions herein, or to make
any other provisions with respect to such matters or questions arising under
this Agreement, provided such action shall not adversely affect the interests
of the Holders.

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SECTION 8.2    SUPPLEMENTAL AGREEMENTS WITH CONSENT OF HOLDERS.

      With the consent of the Holders of not less than a majority of the
outstanding Purchase Contracts voting together as one class, by Act of said
Holders delivered to the Company and the Agent, the Company, when authorized
by a Board Resolution, and the Agent may enter into an agreement or
agreements supplemental hereto for the purpose of modifying in any manner the
terms of the Purchase Contracts, or the provisions of this Agreement or the
rights of the Holders in respect of the Securities; provided, however, that,
except as contemplated herein, no such supplemental agreement shall, without
the consent of the Holder of each Outstanding Security affected thereby,

      (a)   change any Payment Date;

      (b)   change the amount or the type of Collateral required to be
Pledged to secure a Holder's Obligations under the Purchase Contract, impair
the right of the Holder of any Purchase Contract to receive distributions on
the related Collateral (except for the rights of Holders of Income PRIDES to
substitute the Treasury Securities for the Pledged Debt Securities or the
Applicable Ownership Interest in a Treasury Portfolio or the rights of
holders of Growth PRIDES to substitute Debt Securities or the Applicable
Ownership Interest in a Treasury Portfolio for the Pledged Treasury
Securities) or otherwise adversely affect the Holder's rights in or to such
Collateral or adversely alter the rights in or to such Collateral;

      (c)   reduce any Contract Adjustment Payments or any Deferred Contract
Adjustment Payment, or change any place where, or the coin or currency in
which, any Contract Adjustment Payment is payable;

      (d)   impair the right to institute suit for the enforcement of any
Purchase Contract;

      (e)   reduce the number of shares of Common Stock to be purchased
pursuant to any Purchase Contract, increase the price to purchase shares of
Common Stock upon settlement of any Purchase Contract, change the Purchase
Contract Settlement Date or the right to Early Settlement or Cash Merger
Early Settlement or otherwise adversely affect the Holder's rights under any
Purchase Contract; or

      (f)   reduce the percentage of the outstanding Purchase Contracts the
consent of whose Holders is required for any such supplemental agreement;

      provided, that if any amendment or proposal referred to above would
adversely affect only the Income PRIDES or the Growth PRIDES, then only the
Holders of the affected class of Security as of the record date for the
Holders entitled to vote thereon will be entitled to vote on or consent to
such amendment or proposal, and such amendment or proposal shall not be
effective except with the consent of Holders of not less than a majority of
such class; provided further, however, that no such agreement, whether with
or without the consent of the Holders, shall affect Section 3.16 hereof.

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

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SECTION 8.3    EXECUTION OF SUPPLEMENTAL AGREEMENTS.

      In executing, or accepting the additional agencies created by, any
supplemental agreement permitted by this Article or the modifications thereby
of the agencies created by this Agreement, the Agent shall be entitled to
receive and (subject to Section 7.1) shall be fully protected in relying
upon, an Opinion of Counsel stating that the execution of such supplemental
agreement is authorized or permitted by this Agreement.  The Agent may, but
shall not be obligated to, enter into any such supplemental agreement which
affects the Agent's own rights, duties or immunities under this Agreement or
otherwise.

SECTION 8.4    EFFECT OF SUPPLEMENTAL AGREEMENTS.

      Upon the execution of any supplemental agreement under this Article,
this Agreement shall be modified in accordance therewith, and such
supplemental agreement shall form a part of this Agreement for all purposes;
and every Holder of Certificates theretofore or thereafter authenticated,
executed on behalf of the Holders and delivered hereunder shall be bound
thereby.

SECTION 8.5    REFERENCE TO SUPPLEMENTAL AGREEMENTS.

      Certificates authenticated, executed on behalf of the Holders and
delivered after the execution of any supplemental agreement pursuant to this
Article may, and shall if required by the Agent, bear a notation in form
approved by the Agent as to any matter provided for in such supplemental
agreement.  If the Company shall so determine, new Certificates so modified
as to conform, in the opinion of the Agent and the Company, to any such
supplemental agreement may be prepared and executed by the Company and
authenticated, executed on behalf of the Holders and delivered by the Agent
in exchange for Outstanding Certificates.

                                  ARTICLE IX

                  CONSOLIDATION, MERGER, SALE OR CONVEYANCE

SECTION 9.1    COVENANT NOT TO MERGE, CONSOLIDATE, SELL OR CONVEY PROPERTY
               EXCEPT UNDER CERTAIN CONDITIONS.

      The Company covenants that it will not merge or consolidate with or
into any other Person or sell, assign, transfer, lease or convey all or
substantially all of its properties and assets to any Person or group of
affiliated Persons in one transaction or a series of related transactions,
unless (i) either the Company shall be the continuing entity, or the
successor (if other than the Company) shall be a Person, other than an
individual, organized and existing under the laws of the United States of
America or a State thereof or the District of Columbia and such entity shall
expressly assume all the obligations of the Company under the Purchase
Contracts, the Debt Securities, this Agreement and the Pledge Agreement by
one or more supplemental agreements in form reasonably satisfactory to the
Agent and the Collateral Agent, executed and delivered to the Agent and the
Collateral Agent by such Person, and (ii) the Company or such successor
entity, as the case may be, shall not, immediately after such merger or
consolidation, or such sale, assignment, transfer, lease or conveyance, be in
default in its payment obligations or in any material default in the
performance of any of its other obligations hereunder, or under any of the
Securities or the Pledge Agreement.

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SECTION 9.2    RIGHTS AND DUTIES OF SUCCESSOR ENTITY.

      In case of any such consolidation, merger, sale, assignment, transfer,
lease or conveyance and upon any such assumption by a successor entity in
accordance with Section 9.1, such successor entity shall succeed to and be
substituted for the Company with the same effect as if it had been named
herein as the Company.  Such successor entity thereupon may cause to be
signed, and may issue either in its own name or in the name of AmerUs Group
Co. any or all of the Certificates evidencing Securities issuable hereunder
which theretofore shall not have been signed by the Company and delivered to
the Agent; and, upon the order of such successor corporation, instead of the
Company, and subject to all the terms, conditions and limitations in this
Agreement prescribed, the Agent shall authenticate and execute on behalf of
the Holders and deliver any Certificates which previously shall have been
signed and delivered by the officers of the Company to the Agent for
authentication and execution, and any Certificate evidencing Securities which
such successor entity thereafter shall cause to be signed and delivered to
the Agent for that purpose.  All the Certificates so issued shall in all
respects have the same legal rank and benefit under this Agreement as the
Certificates theretofore or thereafter issued in accordance with the terms of
this Agreement as though all of such Certificates had been issued at the date
of the execution hereof.

      In case of any such consolidation, merger, sale, assignment, transfer,
lease or conveyance such change in phraseology and form (but not in
substance) may be made in the Certificates evidencing Securities thereafter
to be issued as may be appropriate.

SECTION 9.3    OPINION OF COUNSEL GIVEN TO AGENT.

      The Agent, subject to Sections 7.1 and 7.3, shall receive an Opinion of
Counsel as conclusive evidence that any such consolidation, merger, sale,
assignment, transfer, lease or conveyance, and any such assumption, complies
with the provisions of this Article and that all conditions precedent to the
consummation of any such consolidation, merger, sale, assignment, transfer,
lease or conveyance have been met.

                                  ARTICLE X

                                  COVENANTS

SECTION 10.1   PERFORMANCE UNDER PURCHASE CONTRACTS.

      The Company covenants and agrees for the benefit of the Holders from
time to time of the Securities that it will duly and punctually perform its
obligations under the Purchase Contracts in accordance with the terms of the
Purchase Contracts and this Agreement.

SECTION 10.2   MAINTENANCE OF OFFICE OR AGENCY.

      The Company will maintain in the Borough of Manhattan, The City of New
York an office or agency where Certificates may be presented or surrendered
for acquisition of shares of Common Stock upon settlement of the Purchase
Contracts on the Purchase Contract Settlement Date or Early Settlement or
Cash Merger Early Settlement and for transfer of Collateral upon occurrence
of a Termination Event, where Certificates may be surrendered for
registration of

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transfer or exchange, for a Collateral Substitution or establishment of an
Income PRIDES and where notices and demands to or upon the Company in respect of
the Securities and this Agreement may be served. The Company will give prompt
written notice to the Agent of the location, and any change in the location, of
such office or agency. If at any time the Company shall fail to maintain any
such required office or agency or shall fail to furnish the Agent with the
address thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust Office, and the Company hereby appoints the
Agent as its agent to receive all such presentations, surrenders, notices and
demands.

      The Company may also from time to time designate one or more other
offices or agencies where Certificates may be presented or surrendered for
any or all such purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner
relieve the Company of its obligation to maintain an office or agency in the
Borough of Manhattan, The City of New York for such purposes.  The Company
will give prompt written notice to the Agent of any such designation or
rescission and of any change in the location of any such other office or
agency.  The Company hereby designates as the place of payment for the
Securities the Corporate Trust Office and appoints the Agent at its Corporate
Trust Office as paying agent in such city.

SECTION 10.3   COMPANY TO RESERVE COMMON STOCK.

      The Company shall at all times prior to the Purchase Contract
Settlement Date reserve and keep available, free from preemptive rights, out
of its authorized but unissued Common Stock the full number of shares of
Common Stock issuable against tender of payment in respect of all Purchase
Contracts constituting a part of the Securities evidenced by Outstanding
Certificates.

SECTION 10.4   COVENANTS AS TO COMMON STOCK.

      The Company covenants that all shares of Common Stock which may be
issued against tender of payment in respect of any Purchase Contract
constituting a part of the Outstanding Securities will, upon issuance, be
duly authorized, validly issued, fully paid and nonassessable.

                                       63
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Purchase
Contract Agreement to be duly executed as of the day and year first above
written.

                                    AMERUS GROUP CO.

                                    By:
                                          Name:______________________________
                                          Title:_____________________________

                                    WACHOVIA BANK, NATIONAL ASSOCIATION,
                                    as Purchase Contract Agent and Trustee

                                    By:
                                          Name:______________________________
                                          Title:_____________________________

                                       64
<PAGE>
                                    EXHIBIT A

                        FORM OF INCOME PRIDES CERTIFICATE

      THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE
PURCHASE CONTRACT AGREEMENT (AS HEREINAFTER DEFINED) AND IS REGISTERED IN THE
NAME OF THE CLEARING AGENCY OR A NOMINEE THEREOF.  THIS CERTIFICATE MAY NOT
BE EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO
TRANSFER OF THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE
NAME OF ANY PERSON OTHER THAN SUCH CLEARING AGENCY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT
AGREEMENT.

      UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER
NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

No. _____                                             Cusip No.___________
Number of Income PRIDES _______

                               AMERUS GROUP CO.

                              6.25% Income PRIDES

                             ($25 Stated Amount)

       This Income PRIDES Certificate certifies that ___________ is the
registered Holder of the number of Income PRIDES set forth above.  Each Income
PRIDES represents (a) a stock purchase contract of AmerUs Group Co., an Iowa
corporation (the "Company") (as modified and supplemented and in effect from
time to time, a "Purchase Contract") and (b) beneficial ownership of either (A)
(i) beneficial ownership of a Senior Note initially due 2008 of the Company
("Debt Security"), having a principal amount of $25 or (ii) following the Reset
Date, an Applicable Ownership Interest in the appropriate Treasury Portfolio,
subject to the pledge of such Debt Security or Applicable Ownership Interest in
the appropriate Treasury Portfolio by the Holder pursuant to the Pledge
Agreement or (B) upon the occurrence of a Tax Event Redemption prior to the
Purchase Contract Settlement Date, an Applicable Ownership Interest in the
appropriate Treasury Portfolio, subject to the Pledge of such Applicable
Ownership Interest in the appropriate Treasury Portfolio by the Holder pursuant
to the Pledge Agreement.  All

                                      A-1
<PAGE>
capitalized terms used herein without definition herein shall have the meaning
set forth in the Purchase Contract Agreement referred to below.

      Pursuant to the Pledge Agreement, the Debt Securities or the
appropriate Applicable Ownership Interest in the Treasury Portfolio, as the
case may be, constituting part of each Income PRIDES evidenced hereby have
been pledged to the Collateral Agent, for the benefit of the Company, to
secure the obligations of the Holder under the Purchase Contract comprising a
portion of such Income PRIDES.

      The Pledge Agreement provides that all payments of the principal amount of
Pledged Debt Securities or the Stated Amount of the Pledged Applicable Ownership
Interest (as specified in clause (1) of the definition of such term) in the
appropriate Treasury Portfolio, as the case may be, or payments of interest on
any Pledged Debt Securities or the Pledged Applicable Ownership Interest in the
appropriate Treasury Portfolio, as the case may be, constituting part of the
Income PRIDES received by the Collateral Agent shall be paid by the Collateral
Agent by wire transfer in same day funds (i) in the case of (A) payments of
interest with respect to Pledged Debt Securities or cash distributions on the
Pledged Applicable Ownership Interest (as specified in clauses (1)(ii), (1)(iii)
or (2)(ii) of the definition of such term) in the appropriate Treasury
Portfolio, as the case may be, and (B) any payments of the principal amount of
Pledged Debt Securities or the Stated Amount of the Pledged Applicable Ownership
Interest (as specified in clauses (1)(i) or (2)(i) of the definition of such
term) in the appropriate Treasury Portfolio, as the case may be, with respect to
any Debt Securities or the Applicable Ownership Interest in the appropriate
Treasury Portfolio, as the case may be, that have been released from the Pledge
pursuant to the Pledge Agreement, to the Agent to the account designated by the
Agent, no later than 2:00 p.m., New York City time, on the Business Day such
payment is received by the Collateral Agent (provided that in the event such
payment is received by the Collateral Agent on a day that is not a Business Day
or after 12:30 p.m., New York City time, on a Business Day, then such payment
shall be made no later than 10:30 a.m., New York City time, on the next
succeeding Business Day) and (ii) in the case of payments of the principal
amount of Debt Securities or the Applicable Ownership Interest (as specified in
clauses (1)(i) or (2)(i) of the definition of such term) in the appropriate
Treasury Portfolio, as the case may be, to the Company on the Purchase Contract
Settlement Date (as defined herein) in accordance with the terms of the Pledge
Agreement, in full satisfaction of the respective obligations of the Holders of
the Income PRIDES of which such Pledged Debt Securities or the Pledged
Applicable Ownership Interest in the appropriate Treasury Portfolio, as the case
may be, are a part under the Purchase Contracts forming a part of such Income
PRIDES; provided that if the Pledged Debt Securities are successfully remarketed
and the Reset Date if not February 16, 2006 or May 16, 2006, the Collateral
Agent shall receive on such Reset Date the payment representing accrued and
unpaid interest on such Pledged Debt Securities from the Interest Payment Date
immediately preceding such Reset Date, which payment shall be made to the
account designated by the Agent on the Payment Date next following such Reset
Date. Payment of interest on any Pledged Debt Securities or cash distribution
on the Pledged Applicable Ownership Interest (as specified in clauses (1)(ii),
1(iii) or (2)(ii) of the definition of such term) in the appropriate Treasury
Portfolio, as the case may be, forming part of an Income PRIDES evidenced hereby
which are payable quarterly in arrears on February 16, May 16, August 16 and May
16 of each year, commencing August 16, 2003, (each a "Payment Date"), shall,
subject to receipt thereof by the Agent from the Collateral Agent, be paid to
the Person in whose name this Income PRIDES Certificate (or a Predecessor Income
PRIDES Certificate) is registered at the close of business on the Record Date
for such Payment Date.

                                      A-2
<PAGE>
      Each Purchase Contract evidenced hereby obligates the Holder of this
Income PRIDES Certificate to purchase, and the Company to sell, not later
than August 16, 2006 (the "Purchase Contract Settlement Date"), at a price of
$25 in cash (the "Purchase Price"), a number of newly-issued shares of Common
Stock, without par value including, where applicable, the preference stock
purchase rights appurtenant thereto ("Common Stock"), of the Company equal to
the applicable Settlement Rate (as defined below), unless on or prior to the
Purchase Contract Settlement Date there shall have occurred a Termination
Event or an Early Settlement with respect to the Income PRIDES of which such
Purchase Contract is a part, all as provided in the Purchase Contract
Agreement and more fully described on the herein.

      The "Settlement Rate" is equal to (a) if the Applicable Market Value (as
defined below) is equal to or greater than $33.80 (the "Threshold Appreciation
Price"), a number of shares per Purchase Contract equal to the product of (i)
the Stated Amount divided by the Reference Price, multiplied by (ii) one minus a
fraction, the numerator of which is $7.80 and the denominator of which is the
Applicable Market Value, (b) if the Applicable Market Value is less than the
Threshold Appreciation Price, but is greater than $26.00 (the "Reference
Price"), the number of shares of Common Stock per Purchase Contract equal to $25
divided by the Applicable Market Value and (c) if the Applicable Market Value is
less than or equal to the Reference Price, 0.9615 shares of Common Stock per
Purchase Contract, in each case subject to adjustment as provided in the
Purchase Contract Agreement (and in each case rounded upward or downward to the
nearest 1/10,000th of a share).  No fractional shares of Common Stock will be
issued upon settlement of Purchase Contracts, as provided in the Purchase
Contract Agreement.

      The Company shall pay, on each Payment Date other than the Initial Reset
Date, if the Initial Reset Date is not also a regular quarterly Payment Date in
respect of each Purchase Contract forming part of an Income PRIDES evidenced
hereby, an amount (the "Contract Adjustment Payments") equal to __% per annum of
the Stated Amount; computed on the basis of a 360-day year of twelve 30-day
months, subject to deferral at the option of the Company as provided in the
Purchase Contract Agreement and more fully described herein. Such Contract
Adjustment Payments shall be payable to the Person in whose name this Income
PRIDES Certificate (or a Predecessor Income PRIDES Certificate or a Predecessor
Growth PRIDES Certificate) is registered on the Register at the close of
business on the Record Date for such Payment Date.

      Contract Adjustment Payments will be payable at the Corporate Trust Office
or, at the option of the Company, by check mailed to the address of the Person
entitled thereto at such Person's address as it appears on the Income PRIDES
Register or by wire transfer to an account appropriately designated in writing
by the Person entitled to payment.

      Unless the context otherwise requires, each provision of this Security
shall be part of the Purchase Contracts evidenced hereby.  This Security and
each Purchase Contract evidenced hereby is governed by a Purchase Contract
Agreement, dated as of May 28, 2003 (as may be supplemented from time to time,
the "Purchase Contract Agreement"), between the Company and Wachovia Bank,
National Association, as purchase contract agent (including any successor
thereunder, herein called the "Agent"), to which Purchase Contract Agreement and
supplemental agreements thereto reference is hereby made for a description of
the respective rights, limitations of rights,

                                      A-3
<PAGE>
obligations, duties and immunities thereunder of the Agent, the Company, and the
Holders and of the terms upon which the Income PRIDES Certificates are, and are
to be, executed and delivered.

      Each Purchase Contract evidenced hereby, which is settled either
through Early Settlement, Cash Merger Early Settlement or Cash Settlement,
shall obligate the Holder of the related Income PRIDES to purchase at the
applicable Purchase Price, and the Company to sell, a number of newly issued
shares of Common Stock equal to the Early Settlement Rate or the applicable
Settlement Rate, as the case may be.

      The "Applicable Market Value" means the average of the Closing Price
per share of Common Stock on each of the 20 consecutive Trading Days ending
on the third Trading Day immediately preceding the Purchase Contract
Settlement Date.  The "Closing Price" of the Common Stock on any date of
determination means the closing sale price (or, if no closing price is
reported, the last reported sale price) of the Common Stock on the New York
Stock Exchange (the "NYSE") on such date or, if the Common Stock is not
listed for trading on the NYSE on any such date, as reported in the composite
transactions for the principal United States national or regional securities
exchange on which the Common Stock is so listed.  If the Common Stock is not
so listed on a United States national or regional securities exchange, the
Closing Price means the last sale price of the Common Stock as reported by
the NASDAQ Stock Market, or if the Common Stock is not so reported, the last
quoted bid price for the Common Stock in the over-the-counter market as
reported by the National Quotation Bureau or similar organization.  If such
bid price is not available, the Closing Price means market value of the
Common Stock on such date as determined by a nationally recognized
independent investment banking firm retained by the Company for this
purpose.  A "Trading Day" means a day on which the Common Stock (A) is not
suspended from trading on any national or regional securities exchange or
association or over-the-counter market at the close of business and (B) has
traded at least once on the national or regional securities exchange or
association or over-the-counter market that is the primary market for the
trading of the Common Stock.

      In accordance with the terms of the Purchase Contract Agreement, the
Holder of the Income PRIDES evidenced hereby shall pay, on the Purchase
Contract Settlement Date, the applicable Purchase Price for the shares of
Common Stock purchased pursuant to each Purchase Contract evidenced hereby by
effecting a Cash Settlement or, an Early Settlement or Cash Merger Early
Settlement.  A Holder of Income PRIDES who does not make such payment in
accordance with the Purchase Contract Agreement or who does not notify the
Agent of such Holder's intention, on or prior to 5:00 p.m., New York City
time, on the fifth Business Day immediately preceding the Purchase Contract
Settlement Date, to make an effective Cash Settlement or an Early Settlement
or Cash Merger Early Settlement, shall have defaulted in its obligations
under the related Purchase Contract and the Collateral Agent shall exercise
its rights as a secured creditor for the benefit of the Company under the
Purchase Contract Agreement and the Pledge Agreement and shall apply the
Proceeds of the sale of the related applicable Pledged Debt Securities held
by the Collateral Agent to satisfy the Holder's obligations under such
Purchase Contract to purchase Common Stock at the Purchase Price.

      The Company shall not be obligated to issue any shares of Common Stock
in respect of the Purchase Contract on the Purchase Contract Settlement Date
or deliver any certificates

                                      A-4
<PAGE>
therefor to the Holder unless it shall have received payment in full of the
aggregate Purchase Price for the shares of Common Stock to be purchased
thereunder in the manner herein set forth.

      Under and subject to the terms of the Pledge Agreement and the Purchase
Contract Agreement, the Agent will be entitled to exercise the voting and any
other consensual rights pertaining to the Pledged Debt Securities, but only
to the extent instructed by the Holders as described in the paragraph below.
Upon receipt of notice of any meeting at which holders of Debt Securities are
entitled to vote or upon the solicitation of consents, waivers or proxies of
holders of Debt Securities, the Agent shall, as soon as practicable
thereafter, mail to the Holders of Income PRIDES a notice (a) containing such
information as is contained in the notice or solicitation, (b) stating that
each Income PRIDES Holder on the record date set by the Agent therefor shall
be entitled to instruct the Agent as to the exercise of the voting rights
pertaining to the Debt Securities constituting a part of such Holder's Income
PRIDES and (c) stating the manner in which such instructions may be given.
Upon the written request of the Income PRIDES Holders on such record date,
the Agent shall endeavor insofar as practicable to vote or cause to be voted,
in accordance with the instructions set forth in such requests, the maximum
number of Debt Securities as to which any particular voting instructions are
received.  In the absence of specific instructions from the Holder of an
Income PRIDES, the Agent shall abstain from voting any Debt Securities
evidenced by such Income PRIDES.

      Upon the occurrence of a Tax Event Redemption prior to the Purchase
Contract Settlement Date, the Redemption Price payable on the Tax Event
Redemption Date with respect to the Applicable Principal Amount of Debt
Securities shall be delivered to the Collateral Agent in exchange for the
Pledged Debt Securities.  Pursuant to the terms of the Pledge Agreement, the
Collateral Agent will apply an amount equal to the Redemption Amount of such
Redemption Price to purchase on behalf of the Holders of Income PRIDES the
Tax Event Treasury Portfolio and promptly remit the remaining portion of such
Redemption Price, if any, to the Agent for payment to the Holders of such
Income PRIDES.  The Tax Event Treasury Portfolio will be substituted for the
Pledged Debt Securities, and will be held by the Collateral Agent in
accordance with the terms of the Pledge Agreement to secure the obligation of
each Holder of an Income PRIDES to purchase the Common Stock of the Company
on the Purchase Contract Settlement Date under the Purchase Contract
constituting a part of such Income PRIDES.  Following the occurrence of a Tax
Event Redemption prior to the Purchase Contract Settlement Date, the Holders
of Income PRIDES and the Collateral Agent shall have such security interests,
rights and obligations with respect to the Tax Event Treasury Portfolio as
the Holder of Income PRIDES and the Collateral Agent had in respect of the
Debt Securities subject to the Pledge thereof as provided in Articles II,
III, IV, V and VI of the Pledge Agreement, and any reference herein to the
Pledged Debt Securities shall be deemed to be reference to such Tax Event
Treasury Portfolio.  The Company may cause to be made in any Income PRIDES
Certificates thereafter to be issued such change in phraseology and form (but
not in substance) as may be appropriate to reflect the substitution of the
Tax Event Treasury Portfolio for Debt Securities as collateral.

      Upon the successful remarketing of the Pledged Debt Securities on a
Remarketing Date, the proceeds of such remarketing (after deducting any
Remarketing Fee) shall be delivered to the Collateral Agent in exchange for
the Pledged Debt Securities.  Pursuant to the terms of the Pledge Agreement,
the Collateral Agent will apply an amount equal to the Remarketing Treasury

                                      A-5
<PAGE>
Portfolio Purchase Price to purchase on behalf of the Holders of Income PRIDES
on the Reset Date the Remarketing Treasury Portfolio and promptly remit the
remaining portion of such proceeds to the Agent for payment to the Holders of
such Income PRIDES. The Remarketing Treasury Portfolio will be substituted for
the outstanding Pledged Debt Securities, and will be held by the Collateral
Agent in accordance with the terms of the Pledge Agreement to secure the
obligation of each Holder of an Income PRIDES to purchase the Common Stock of
the Company on the Purchase Contract Settlement Date under the Purchase Contract
constituting a part of such Income PRIDES. Following the successful remarketing
of the Pledged Debt Securities on a Remarketing Date upon the substitution of
the Treasury Portfolio, the Holders of Income PRIDES and the Collateral Agent
shall have such security interests, rights and obligations with respect to the
Remarketing Treasury Portfolio as the Holder of Income PRIDES and the Collateral
Agent had in respect of the Debt Securities subject to the Pledge thereof as
provided in Articles II, III, IV, V and VI of the Pledge Agreement, and any
reference herein to the Debt Securities shall be deemed to be reference to such
Remarketing Treasury Portfolio. The Company may cause to be made in any Income
PRIDES Certificates thereafter to be issued such change in phraseology and form
(but not in substance) as may be appropriate to reflect the substitution of the
Remarketing Treasury Portfolio for Debt Securities as collateral.

      The Income PRIDES are issuable only in registered form and only in
denominations of a single Income PRIDES and any integral multiple thereof.
The transfer of any Income PRIDES Certificate will be registered and Income
PRIDES Certificates may be exchanged as provided in the Purchase Contract
Agreement.  The Income PRIDES Registrar may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents permitted
by the Purchase Contract Agreement.  No service charge shall be required for
any such registration of transfer or exchange, but the Company and the Agent
may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

      A Holder of an Income PRIDES may, at any time on or prior to the fifth
Business Day immediately preceding the Purchase Contract Settlement Date, create
or recreate a Growth PRIDES and separate the Debt Security or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as applicable, from
the related Purchase Contract in respect of such Income PRIDES by substituting
the appropriate Treasury Security for the Debt Security, or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, that form a part of
such Income PRIDES in accordance with the Purchase Contract Agreement; provided,
however, that if a successful remarketing of the Debt Securities has occurred on
a Remarketing Date or a Tax Event Redemption has occurred, Holders of such
Income PRIDES may make such Collateral Substitutions at any time on or prior to
the second Business Day immediately preceding the Purchase Contract Settlement
Date.  Holders may make Collateral Substitutions and establish Growth PRIDES (i)
only in integral multiples of 40 Income PRIDES if only Debt Securities are being
substituted by Treasury Securities, or (ii) only in integral multiples of
Income PRIDES (or such other number of Income PRIDES as may be determined by the
Reset Agent upon a successful remarketing of Debt Securities if the Reset Date
is not an Interest Payment Date) if the Applicable Ownership Interests in the
appropriate Treasury Portfolio are being substituted by Treasury Securities.  To
create 40 Growth PRIDES (if a Tax Event Redemption has not occurred and the Debt
Securities remain a component of the Income PRIDES), or        Growth PRIDES (or
such other number of Growth PRIDES as may be determined by the Reset Agent upon
a successful remarketing of Debt Securities if the Reset Date is not an Interest
Payment Date) (if a Tax Event Redemption has occurred or the Remarketing
Treasury Portfolio has replaced the Debt Securities as a component of the Income
PRIDES as a result of a successful remarketing of such Debt Securities), the
Income PRIDES Holder shall

                                      A-6
<PAGE>
            (a)   if a Treasury Portfolio has not replaced any Debt
      Securities as a component of Income PRIDES as a result of a successful
      remarketing of the Debt Securities on a Remarketing Date or a Tax Event
      Redemption, deposit with the Collateral Agent a Treasury Security
      having a principal amount at maturity of $1,000; or

            (b)   if a Treasury Portfolio has replaced the Debt Securities as
      a component of Income PRIDES as a result of a successful remarketing of
      the Debt Securities on a Remarketing Date or a Tax Event Redemption, on
      or prior to the second Business Day immediately preceding the Purchase
      Contract Settlement Date, deposit with the Collateral Agent Treasury
      Securities having an aggregate principal amount at maturity of
      $        ; and

            (c)   in each case, transfer and surrender the related 40 Income
      PRIDES, or, in the event a Treasury Portfolio is a component of Income
      PRIDES,        Income PRIDES (or such other number of Income PRIDES as may
      be determined by the Reset Agent upon a successful remarketing of Debt
      Securities if the Reset Date is not an Interest Payment Date), to the
      Agent accompanied by a notice to the Agent, substantially in the form of
      Exhibit B to the Pledge Agreement, stating that the Holder has transferred
      the relevant types and amounts of Treasury Securities to the Collateral
      Agent and requesting that the Agent instruct the Collateral Agent to
      release the applicable Debt Securities or the Applicable Ownership
      Interest in the appropriate Treasury Portfolio, as the case may be,
      underlying such Income PRIDES, whereupon the Agent shall promptly give
      such instruction to the Collateral Agent, substantially in the form of
      Exhibit A to the Pledge Agreement.

      Upon receipt of the Treasury Securities described in clause (a) or (b)
above and the instructions described in clause (c) above, in accordance with
the terms of the Pledge Agreement, the Collateral Agent will release from the
Pledge, to the Agent, on behalf of the Holder, Debt Securities or the
Applicable Ownership Interest in the appropriate Treasury Portfolio, as the
case may be, that had been components of such Income PRIDES, free and clear
of the Company's security interest therein, and upon receipt thereof the
Agent shall promptly:

      (i)   cancel the related Income PRIDES surrendered and transferred;

      (ii)  transfer the Debt Securities or the Applicable Ownership Interest
in the appropriate Treasury Portfolio, as the case may be, that had been
components of such Income PRIDES to the Holder; and

      (iii) authenticate, execute on behalf of such Holder and deliver a
Growth PRIDES Certificate executed by the Company in accordance with the
Purchase Contract Agreement evidencing the same number of Purchase Contracts
as were evidenced by the cancelled Income PRIDES.

      Holders who elect to separate the Debt Securities or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as the case may be,
from the related Purchase Contracts and to substitute Treasury Securities for
such Debt Securities or the Applicable Ownership Interest in the appropriate
Treasury Portfolio, as the case may be, shall be responsible for any fees or
expenses payable to the Collateral Agent for its services as Collateral Agent
in respect of the substitution, and the Company shall not be responsible for
any such fees or expenses.

                                      A-7
<PAGE>
      A Holder of a Growth PRIDES may create or recreate an Income PRIDES by
depositing with the Collateral Agent a Debt Security or the Applicable
Ownership Interest in the appropriate Treasury Portfolio, as the case may be,
having an aggregate principal amount equal to the aggregate principal amount
at maturity of, and in substitution for all, but not less than all, of the
Treasury Securities comprising part of the Growth PRIDES in exchange for the
release of such Pledged Treasury Securities in accordance with the terms of
the Purchase Contract Agreement and the Pledge Agreement.

      Subject to the next succeeding paragraph, the Company shall pay, on
each Payment Date, except the Initial Reset Date, if the Initial Reset Date
is not also a quarterly Payment Date the Contract Adjustment Payments payable
in respect of each Purchase Contract to the Person in whose name the Income
PRIDES Certificate evidencing such Purchase Contract is registered on the
Register at the close of business on the Record Date next preceding such
Payment Date.  The Contract Adjustment Payments will be payable at the
Corporate Trust Office or, at the option of the Company, by check mailed to
the address of the Person entitled thereto at such address as it appears on
the Income PRIDES Register or by wire transfer to an account appropriately
designated in writing by such person.

      The Company shall have the right, at any time prior to the Purchase
Contract Settlement Date, to defer the payment of any or all of the Contract
Adjustment Payments otherwise payable on any Payment Date, but only if the
Company shall give the Holders and the Agent written notice of its election to
defer such payment (specifying the amount to be deferred) as provided in the
Purchase Contract Agreement.  Any Contract Adjustment Payments so deferred shall
bear additional Contract Adjustment Payments thereon at the rate of 6.25% per
annum (computed on the basis of a 360-day year of twelve 30-day months),
compounding on each succeeding Payment Date, until paid in full (such deferred
installments of Contract Adjustment Payments, if any, together with the
additional Contract Adjustment Payments accrued thereon, are referred to herein
as the "Deferred Contract Adjustment Payments"). Deferred Contract Adjustment
Payments, if any, shall be due on the next succeeding Payment Date except to the
extent that payment is deferred pursuant to the Purchase Contract Agreement.  No
Contract Adjustment Payments may be deferred to a date that is after the
Purchase Contract Settlement Date.

      In the event that the Company elects to defer the payment of Contract
Adjustment Payments on the Purchase Contracts until the Purchase Contract
Settlement Date, the Holder of this Income PRIDES Certificate will receive on
the Purchase Contract Settlement Date, in lieu of a cash payment, a number of
shares of Common Stock (in addition to the number of shares equal to the
Settlement Rate) equal to (x) the aggregate amount of Deferred Contract
Adjustment Payments payable to the Holder of this Income PRIDES Certificate
divided by (y) the Applicable Market Value.

      In the event the Company exercises its option to defer the payment of
Contract Adjustment Payments, then, until the Deferred Contract Adjustment
Payments have been paid, the Company shall not declare or pay dividends on,
make distributions with respect to, or redeem, purchase or acquire, or make a
liquidation payment with respect to, any of its capital stock or make
guarantee payments with respect to the foregoing (other than (i) purchases,
redemptions or acquisitions of shares of capital stock of the Company in
connection with any employment contract, benefit plan or other similar
arrangement with or for the benefit of

                                      A-8
<PAGE>
employees, officers, directors or agents or a stock purchase or dividend
reinvestment plan, or the satisfaction by the Company of its obligations
pursuant to any contract or security outstanding on the date of such event or
agent benefit plans or the satisfaction by the Company of its obligations
pursuant to any contract or security outstanding on the date of such event
requiring the Company to purchase, redeem or acquire its capital stock, (ii) as
a result of a reclassification of the Company's capital stock or the exchange or
conversion of one class or series of the Company's capital stock for another
class or series of the Company's capital stock, (iii) the purchase of fractional
interests in shares of the Company's capital stock pursuant to the conversion or
exchange provisions of the Company's capital stock or the security being
converted or exchanged, (iv) dividends or distributions in capital stock of the
Company (or rights to acquire capital stock) or repurchases, redemptions or
acquisitions of capital stock in connection with the issuance or exchange of the
Company's capital stock (or securities convertible into or exchangeable for
shares of capital stock) or (v) redemptions, exchanges or repurchases of any
rights outstanding under a shareholder rights plan or the declaration or payment
thereunder of a dividend or distribution of or with respect to rights in the
future.

      The Company's obligations with respect to Contract Adjustment Payments
(including any accrued or Deferred Contract Adjustment Payments), will be
subordinated and junior in right of payment to the Company's obligations
under any Senior Indebtedness.   Upon any payment or distribution of the
Company's assets to its creditors upon any dissolution, winding up,
liquidation or reorganization, whether voluntary or involuntary, or in
bankruptcy, insolvency, receivership or other similar proceedings, the
holders of all Senior Indebtedness shall first be entitled to receive payment
in full of all amounts due or to become due thereon, or payment of such
amounts shall have been provided for, before the holders of the Securities
shall be entitled to receive any Contract Adjustment Payments.

      No payment of Contract Adjustment Payments may be made if (i) any
payment default on any Senior Indebtedness has occurred and is continuing
beyond any applicable grace period; or (ii) any default other than a payment
default with respect to Senior Indebtedness occurs and is continuing that
permits the acceleration of the maturity thereof and the Agent receives a
written notice of such default from the Company or the holders of such Senior
Indebtedness.

      The Purchase Contracts and all obligations and rights of the Company
and the Holders thereunder, including, without limitation, the rights of the
Holders to receive and the obligation of the Company to pay any Contract
Adjustment Payments or any Deferred Contract Adjustment Payments, and the
rights and obligations of the Holders to purchase Common Stock, shall
immediately and automatically terminate, without the necessity of any notice
or action by any Holder, the Agent or the Company, if, on or prior to the
Purchase Contract Settlement Date, a Termination Event shall have occurred.
Upon the occurrence of a Termination Event, the Company shall promptly but in
no event later than two Business Days thereafter give written notice to the
Agent, the Collateral Agent and to the Holders, at their addresses as they
appear in the Income PRIDES Register.  Upon and after the occurrence of a
Termination Event, the Collateral Agent shall release the Debt Securities or
the Applicable Ownership Interest in the appropriate Treasury Portfolio, as
the case may be, forming a part of the Income PRIDES evidenced hereby from
the Pledge in accordance with the provisions of the Pledge Agreement.

                                      A-9
<PAGE>
      Subject to and upon compliance with the provisions of the Purchase
Contract Agreement, a Holder of Income PRIDES may settle the related Purchase
Contracts in their entirety at any time on or prior to the fifth Business Day
immediately preceding the Purchase Contract Settlement Date, but only in
integral multiples of 40 Income PRIDES; provided, however, that if a Treasury
Portfolio has become a component of the Income PRIDES, Holders of Income
PRIDES may settle early only in integral multiples of ______ Income PRIDES at
any time on or prior to the second Business Day immediately preceding the
Purchase Contract Settlement Date. The right to Early Settlement is subject
to there being in effect, if so required under Federal securities laws, a
registration statement covering the shares of Common Stock to be delivered in
respect of the Purchase Contracts being settled (it being understood that, if
so required under Federal securities laws, the Company shall use commercially
reasonable efforts to (1) cause such a registration statement to become
effective and (2) provide a prospectus in connection therewith, in each case,
in a form appropriate for Early Settlements).  In order to exercise the right
to effect any such early settlement ("Early Settlement") with respect to any
Purchase Contracts evidenced by this Income PRIDES Certificate, the Holder of
this Income PRIDES Certificate shall deliver this Income PRIDES Certificate
to the Agent at the Corporate Trust Office duly endorsed for transfer to the
Company or in blank with the form of Election to Settle Early set forth below
duly completed and executed and accompanied by payment payable to the Company
in immediately available funds in an amount (the "Early Settlement Amount")
equal to the sum of (i) $25 times the number of Purchase Contracts being
settled, plus (ii) if such delivery is made with respect to any Purchase
Contracts during the period from the close of business on any Record Date
next preceding any Payment Date to the opening of business on such Payment
Date, an amount equal to the Contract Adjustment Payments payable, if any, on
such Payment Date with respect to such Purchase Contracts.  Upon Early
Settlement of Purchase Contracts by a Holder of the related Securities, the
Pledged Debt Securities or the Pledged Applicable Ownership Interest in the a
Treasury Portfolio underlying such Securities shall be released from the
Pledge as provided in the Pledge Agreement and the Holder shall be entitled
to receive a number of shares of Common Stock on account of each Purchase
Contract forming part of an Income PRIDES as to which Early Settlement is
effected equal to the Early Settlement Rate which shall be equal to 0.7396
newly issued shares of Common Stock per Purchase Contract (the "Early
Settlement Rate"); provided however, that upon the Early Settlement of the
Purchase Contracts, (i) the Holder thereof will forfeit the right to receive
any Deferred Contract Adjustment Payments, if any, on such Purchase
Contracts, (ii) the Holder's right to receive additional Contract Adjustment
Payments in respect of such Purchase Contracts will terminate, and (iii) no
adjustment will be made to or for the Holder on account of Deferred Contract
Adjustment Payments, or any amount accrued in respect of Contract Adjustment
Payments.  The Early Settlement Rate shall be adjusted in the same manner and
at the same time as the Settlement Rate is adjusted as provided in the
Purchase Contract Agreement.

      Subject to and upon compliance with the provisions of the Purchase
Contract Agreement, if, prior to the Purchase Contract Settlement Date, (i)
the Company merges with or into another entity, (ii) the Common Stock is
converted, exchanged, reclassified or cancelled in such merger, and (iii) at
least 30% of the consideration received by the Company's shareholders for its
Common Stock in such merger consists of cash or cash equivalents (a "Cash
Merger"), then each Holder of Securities shall have the right to settle the
Purchase Contract at the Settlement Rate in effect immediately before the
Cash Merger (a "Cash Merger Early Settlement").  The right to Cash Merger
Early Settlement is subject to there being in effect, if so required under
Federal

                                      A-10
<PAGE>
securities laws, a registration statement covering the securities to be
delivered in respect of the Purchase Contracts being settled (it being
understood that, if so required under Federal securities laws, the Company shall
use commercially reasonable efforts to (1) cause such a registration statement
to become effective and (2) provide a prospectus in connection therewith, in
each case, in a form appropriate for Early Settlements). Upon Cash Merger Early
Settlement, (x) the holder's rights to receive Deferred Contract Adjustment
Payments, if any, on the Purchase Contracts being settled will be forfeited, (y)
the holder's right to receive additional Contract Adjustment Payments in respect
of such Purchase Contracts will terminate and (z) no adjustment will be made to
or for the holder on account of Deferred Contract Adjustment Payments, or any
amount accrued in respect of Contract Adjustment Payments. The Company shall
provide each of the Holders with a notice of the consummation of the Cash Merger
within five Business Days after the consummation thereof. Such notice will
specify, among other things, the "Cash Merger Early Settlement Date," which
shall be 10 Business Days after the date of such notice, and the amount of the
cash, securities and other consideration receivable by each Holder upon a Cash
Merger Early Settlement. To exercise a Cash Merger Early Settlement, a Holder
shall deliver, present and surrender the this Income PRIDES Certificate duly
endorsed for transfer to the Company in blank at the offices of the Agent,
accompanied by payment to the Company in immediately available funds of an
amount equal to (I) $25 multiplied by (II) the number of Purchase Contracts
being settled, plus (III) if such delivery is made with respect to any Purchase
Contracts during the period from the close of business on any Record Date next
preceding any Payment Date to the opening of business on such Payment Date, an
amount equal to the Contract Adjustment Payments payable on such Payment Date
with respect to such Purchase Contracts; provided that no payment is required if
the Company has elected to defer the Contract Adjustment Payments which would
otherwise be payable on the Payment Date, no later than 5:00 p.m., New York City
time, on the Business Day immediately preceding the Cash Merger Early Settlement
Date. Except as provided in the immediately preceding sentence and subject to
the second to last paragraph of Section 5.2 of the Purchase Contract Agreement,
no payment or adjustment shall be made upon Early Settlement of any Purchase
Contract on account of any Contract Adjustment Payments accrued on such Purchase
Contract or on account of any dividends on the Common Stock issued upon such
Early Settlement. Upon a Cash Merger Early Settlement, the Pledged Debt
Securities or the Pledged Applicable Ownership Interest in the a Treasury
Portfolio underlying the Securities being settled shall be released from the
Pledge as provided in the Pledge Agreement and the Company will deliver, or
cause to be delivered, to Holders duly exercising a Cash Merger Early Settlement
on the Cash Merger Early Settlement Date the kind and amount of securities, cash
or other property that such Holders would have been entitled to receive if they
had settled the Purchase Contracts immediately before the Cash Merger at the
Settlement Rate in effect at such time.

      Upon registration of transfer of this Income PRIDES Certificate, the
transferee shall be bound (without the necessity of any other action on the
part of such transferee, except as may be required by the Agent pursuant to
the Purchase Contract Agreement), under the terms of the Purchase Contract
Agreement and the Purchase Contracts evidenced hereby and the transferor
shall be released from the obligations under the Purchase Contracts evidenced
by this Income PRIDES Certificate.  The Company covenants and agrees, and the
Holder, by its acceptance hereof, likewise covenants and agrees, to be bound
by the provisions of this paragraph.

                                      A-11
<PAGE>
      The Holder of this Income PRIDES Certificate, by its acceptance hereof,
irrevocably authorizes the Agent to enter into and perform the related
Purchase Contracts forming part of the Income PRIDES evidenced hereby on its
behalf as its attorney-in-fact, expressly withholds any consent to the
assumption of the Purchase Contracts by the Company, its trustee in
bankruptcy, receiver, liquidator or a person or entity performing similar
functions, in the event that the Company becomes the subject of a case under
the Bankruptcy Code or subject to other similar Federal or State law
providing for reorganization or liquidation, agrees to be bound by the terms
and provisions thereof, covenants and agrees to perform its obligations under
such Purchase Contracts, consents to the provisions of the Purchase Contract
Agreement, authorizes the Agent to enter into and perform the Pledge
Agreement on its behalf as its attorney-in-fact, and consents to and agrees
to be bound by the Pledge of the Pledged Debt Securities or the Pledged
Applicable Ownership Interest in a Treasury Portfolio, as the case may be,
underlying this Income PRIDES Certificate pursuant to the Pledge Agreement.
The Holder, by its acceptance hereof, further covenants and agrees, that, to
the extent and in the manner provided in the Purchase Contract Agreement and
the Pledge Agreement, but subject to the terms thereof, payments in respect
of the principal of the Pledged Debt Securities, or the portion of the
Applicable Ownership Interest (as specified in clauses (1)(i) or 2(i) of the
definition of such term) in the appropriate Treasury Portfolio, on the
Purchase Contract Settlement Date shall be paid by the Collateral Agent to
the Company in satisfaction of such Holder's obligations under such Purchase
Contract and such Holder shall acquire no right, title or interest in such
payments.

      The Holder of this Income PRIDES Certificate, by its acceptance hereof,
covenants and agrees to treat itself as the owner, for United States federal,
state and local income and franchise tax purposes, of the Debt Securities or
the Applicable Ownership Interest in the appropriate Treasury Portfolio
forming part of the Income PRIDES evidenced hereby.  The Holder of this
Income PRIDES Certificate, by its acceptance hereof, further covenants and
agrees to treat the Debt Securities forming part of the Income PRIDES
evidenced hereby as indebtedness of the Company for United States federal,
state and local income and franchise tax purposes.

      Subject to certain exceptions, the provisions of the Purchase Contract
Agreement may be amended with the consent of the Holders of a majority of the
Purchase Contracts.  In addition, certain amendments to the Purchase Contract
Agreement may be made without any consent of the Holders as provided in the
Purchase Contract Agreement.

      THE PURCHASE CONTRACTS SHALL FOR ALL PURPOSES BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      The Company and the Agent and any agent of the Company or the Agent may
treat the Person in whose name this Income PRIDES Certificate is registered on
the Income PRIDES Register as the owner of the Income PRIDES evidenced hereby
for the purpose of receiving payments of interest payable quarterly on the Debt
Securities receiving payments of Contract Adjustment Payments and any Deferred
Contract Adjustment Payments, performance of the Purchase Contracts and for all
other purposes whatsoever, whether or not any payments in respect thereof

                                      A-12
<PAGE>
be overdue and notwithstanding any notice to the contrary, and neither the
Company, the Agent nor any such agent shall be affected by notice to the
contrary.

      The Purchase Contracts shall not, prior to the settlement thereof in
accordance with the Purchase Contract Agreement, entitle the Holder to any of
the rights of a holder of shares of Common Stock.

      A copy of the Purchase Contract Agreement is available for inspection
at the offices of the Agent during regular business hours of the Agent.

      Unless the certificate of authentication hereon has been executed by
the Agent by manual signature, this Income PRIDES Certificate shall not be
entitled to any benefit under the Pledge Agreement or the Purchase Contract
Agreement or be valid or obligatory for any purpose.

      IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                    AMERUS GROUP CO.

                                    By:______________________________________
                                           Name:
                                           Title:

                                      A-13
<PAGE>
                                    HOLDER SPECIFIED ABOVE (as to
                                    obligations of such Holder under the
                                    Purchase Contracts evidenced hereby)

                                    By: WACHOVIA BANK, NATIONAL ASSOCIATION
                                            not individually but solely as
                                            Attorney-in-Fact of such Holder

                                    By:______________________________________
                                           Name:
                                           Title:
Dated:

                                      A-14
<PAGE>
                    AGENT'S CERTIFICATE OF AUTHENTICATION

      This is one of the Income PRIDES Certificates referred to in the within
mentioned Purchase Contract Agreement.

                                    Wachovia Bank, National Association
                                    as Purchase Contract Agent and Trustee

                                    By:______________________________________
                                          Authorized Signatory

                                      A-15
<PAGE>
                                  ABBREVIATIONS

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

TEN COM -                         as tenants in common

UNIF GIFT MIN ACT -               ---------------Custodian-------------
                                  (cust)                                 (minor)

                                  Under Uniform Gifts to Minors Act

                                  ---------------------------------
                                                    (State)

TEN ENT -                         as tenants by the entireties

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

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

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

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

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of
Assignee)

(Please Print or Type Name and Address Including Postal Zip Code of Assignee)
the within Income PRIDES Certificate and all rights thereunder, hereby
irrevocably constituting and appointing attorney to transfer said Income PRIDES
Certificate on the books of AmerUs Group Co. with full power of substitution in
the premises.

Dated:_____________________________________________________________________
                                                        Signature

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

            Signature Guarantee: ________________________

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or such
other "signature guarantee program" as may be

                                      A-16
<PAGE>
determined by the Registrar in addition to, or in substitution for, STAMP, all
in accordance with the Securities Exchange Act of 1934, as amended.

                                      A-17
<PAGE>
                             SETTLEMENT INSTRUCTIONS

      The undersigned Holder directs that a certificate for shares of Common
Stock deliverable upon settlement on or after the Purchase Contract Settlement
Date of the Purchase Contracts underlying the number of Income PRIDES evidenced
by this Income PRIDES Certificate be registered in the name of, and delivered,
together with a check in payment for any fractional share, to the undersigned at
the address indicated below unless a different name and address have been
indicated below. If shares are to be registered in the name of a Person other
than the undersigned, the undersigned will pay any transfer tax payable incident
thereto.

Dated:
---------------------------------        ---------------------------------------
                                         Signature

                                         Signature Guarantee: ______________
                                                 (if assigned to another person)

      Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

If shares are to be registered in the name of and           REGISTERED HOLDER
delivered to a Person other than the Holder, please
(i) print such Person's name and address and (ii)
provide a guarantee of your signature:

                                           Please print name and address of
                                           Registered Holder:

---------------------------------        ---------------------------------------
Name                                     Name

---------------------------------        ---------------------------------------
Address                                  Address

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

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

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

Social Security or other
Taxpayer Identification
Number, if any

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

                                      A-18
<PAGE>
                            ELECTION TO SETTLE EARLY

The undersigned Holder of this Income PRIDES Certificate hereby irrevocably
exercises the option to effect Early Settlement in accordance with the terms of
the Purchase Contract Agreement with respect to the Purchase Contracts
underlying the number of Income PRIDES evidenced by this Income PRIDES
Certificate specified below. The undersigned Holder directs that a certificate
for shares of Common Stock deliverable upon such Early Settlement be registered
in the name of, and delivered, together with a check in payment for any
fractional share and any Income PRIDES Certificate representing any Income
PRIDES evidenced hereby as to which Early Settlement of the related Purchase
Contracts is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. Pledged Debt
Securities or the Applicable Ownership Interest in the appropriate Treasury
Portfolio, as the case may be, deliverable upon such Early Settlement will be
transferred in accordance with the transfer instructions set forth below. If
shares are to be registered in the name of a Person other than the undersigned,
the undersigned will pay any transfer tax payable incident thereto.

Dated:
---------------------------------        ---------------------------------------
                                              Signature

Signature Guarantee:
                     --------------
         (if assigned to another person)

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or such
other "signature guarantee program" as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

Number of Securities evidenced hereby as to which Early Settlement of the
related Purchase Contracts is being elected:

If shares of Common Stock or Income PRIDES                    REGISTERED HOLDER
Certificates are to be registered in the name of
and delivered to, and Pledged Debt Securities, or
the Treasury Portfolio, as the case may be, are
to be transferred to, a Person other than the
Holder, please print such Person's name and
address:

                                            Please print name and address of
                                            Registered Holder:

---------------------------------        ---------------------------------------
Name                                     Name

                                      A-19
<PAGE>
---------------------------------        ---------------------------------------
Address                                  Address

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

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

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

Social Security or other
Taxpayer Identification
Number, if any

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

                                      A-20
<PAGE>
Transfer Instructions for Pledged Debt Securities, or the Treasury Portfolio, as
the case may be, Transferable Upon Early Settlement or a Termination Event:

                     {TO BE ATTACHED TO GLOBAL CERTIFICATES}

            SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE

      The following increases or decreases in this Global Certificate have been
made:

<TABLE>
<CAPTION>
Date               Amount of decrease in      Amount of increase in      Principal Amount     Signature of
                   Principal Amount of the    Principal Amount of the    of this Global       authorized officer of
                   Global Certificate         Global Certificate         Certificate          Trustee or Securities
                                                                         following such       Custodian
                                                                         decrease or
                                                                         increase
<S>                <C>                        <C>                        <C>                  <C>

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</TABLE>

                                      A-21
<PAGE>
                                    EXHIBIT B

                        FORM OF GROWTH PRIDES CERTIFICATE

      THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE
PURCHASE CONTRACT AGREEMENT (AS HEREINAFTER DEFINED) AND IS REGISTERED IN THE
NAME OF THE CLEARING AGENCY OR A NOMINEE THEREOF. THIS CERTIFICATE MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A CERTIFICATE REGISTERED, AND NO TRANSFER OF
THIS CERTIFICATE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY
PERSON OTHER THAN SUCH CLEARING AGENCY OR A NOMINEE THEREOF, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AGREEMENT.

      UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

No.______________________________________           Cusip No.___________________
Number of Growth PRIDES__________________

                                AMERUS GROUP CO.

                                  Growth PRIDES
                               ($25 Stated Amount)

      This Growth PRIDES Certificate certifies that ___________ is the
registered Holder of the number of Growth PRIDES set forth above. Each Growth
PRIDES represents (a) a stock purchase contract of AmerUs Group Co., an Iowa
corporation (the "Company") (as modified and supplemented and in effect from
time to time, a "Purchase Contract") and (b) a 1/40, or 2.5% undivided
beneficial ownership interest in a Treasury Security. All capitalized terms used
herein without definition herein have the meaning set forth in the Purchase
Contract Agreement referred to below.

      Pursuant to the Pledge Agreement, the Treasury Securities constituting
part of each Growth PRIDES evidenced hereby have been pledged to the Collateral
Agent, for the benefit of the Company, to secure the obligations of the Holder
under the Purchase Contract comprising a portion of such Growth PRIDES.

      The Pledge Agreement provides that all payments of the principal of any
Treasury Securities received by the Collateral Agent shall be paid by the
Collateral Agent by wire transfer in same day funds (i) in the case of any
principal payments with respect to any Treasury

                                      A-22
<PAGE>
Securities that have been released from the Pledge pursuant to the Pledge
Agreement, to the Holders of the applicable Growth PRIDES to the accounts
designated by them in writing for such purpose no later than 2:00 p.m. New York
City time, on the Business Day such payment is received by the Collateral Agent
(provided that in the event such payment is received by the Collateral Agent on
a day that is not a Business Day or after 12:30 p.m., New York City time, on a
Business Day, then such payment shall be made no later than 10:30 a.m., New York
City time, on the next succeeding Business Day), and (ii) in the case of the
principal of any Pledged Treasury Securities, to the Company on the Purchase
Contract Settlement Date (as defined herein) in accordance with the terms of the
Pledge Agreement, in full satisfaction of the respective obligations of the
Holders of the Growth PRIDES of which such Pledged Treasury Securities are a
part under the Purchaser Contracts forming a part of such Growth PRIDES.

      Each Purchase Contract evidenced hereby obligates the Holder of this
Growth PRIDES Certificate to purchase, and the Company, to sell not later than
August 16, 2006 (the "Purchase Contract Settlement Date"), at a price of $25 in
cash (the "Purchase Price"), a number of newly issued shares of Common Stock,
without par value, of the Company including, where applicable, the preference
stock purchase rights appurtenant thereto ("Common Stock"), equal to the
applicable Settlement Rate (as defined below), unless on or prior to the
Purchase Contract Settlement Date there shall have occurred a Termination Event
or an Early Settlement with respect to the Growth PRIDES of which such Purchase
Contract is a part, all as provided in the Purchase Contract Agreement and more
fully described below.

      The "Settlement Rate" is equal to (a) if the Applicable Market Value (as
defined below) is equal to or greater than $33.80 (the "Threshold Appreciation
Price"), a number of shares per Purchase Contract equal to the product of (i)
the Stated Amount divided by the Reference Price multiplied by (ii) one minus a
fraction, the numerator of which is $7.80 and the denominator of which is the
Applicable Market Value, (b) if the Applicable Market Value is less than the
Threshold Appreciation Price, but is greater than $26.00 (the "Reference
Price"), the number of shares of Common Stock per Purchase Contract equal to $25
divided by the Applicable Market Value and (c) if the Applicable Market Value is
less than or equal to the Reference Price, 0.9615 shares of Common Stock per
Purchase Contract, in each case subject to adjustment as provided in the
Purchase Contract Agreement (and in each case rounded upward or downward to the
nearest 1/10,000th of a share). No fractional shares of Common Stock will be
issued upon settlement of Purchase Contracts, as provided in the Purchase
Contract Agreement.

      The Company shall pay on each Payment Date other than the Initial Reset
Date is not also a regular quarterly Payment Date in respect of each Purchase
Contract forming part of a Growth PRIDES evidenced hereby an amount (the
"Contract Adjustment Payments") equal to ____% per annum of the Stated Amount
computed on the basis of a 360 day year of twelve 30 day months, subject to
deferral at the option of the Company as provided in the Purchase Contract
Agreement and more fully described below. Such Contract Adjustment Payments
shall be payable to the Person in whose name this Growth PRIDES Certificate (or
a Predecessor Growth PRIDES Certificate or a Predecessor Income PRIDES
Certificate) is registered on the Register at the close of business on the
Record Date for such Payment Date.

                                      A-23
<PAGE>
      Contract Adjustment Payments will be payable at the Corporate Trust Office
or, at the option of the Company, by check mailed to the address of the Person
entitled thereto as such address appears on the Growth PRIDES Register or by
wire transfer to an account appropriately designated in writing by the Person
entitled to payment.

      Unless the context otherwise requires, each provision of this Security
shall be part of the Purchase Contracts evidenced hereby. This Security and each
Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement,
dated as of May __, 2003 (as may be supplemented from time to time, the
"Purchase Contract Agreement") between the Company and Wachovia Bank, National
Association, as purchase contract agent (including any successor thereunder,
herein called the "Agent"), to which Purchase Contract Agreement and
supplemental agreements thereto reference is hereby made for a description of
the respective rights, limitations of rights, obligations, duties and immunities
thereunder of the Agent, the Company and the Holders and of the terms upon which
the Growth PRIDES Certificates are, and are to be, executed and delivered.

      Each Purchase Contract evidenced hereby, which is settled either through
Early Settlement or Cash Settlement, shall obligate the Holder of the related
Growth PRIDES to purchase at the applicable Purchase Price, and the Company to
sell, a number of newly issued shares of Common Stock equal to the applicable
Early Settlement Rate or the Settlement Rate, as applicable.

      The "Applicable Market Value" means the average of the Closing Price per
share of Common Stock on each of the 20 consecutive Trading Days ending on the
third Trading Day immediately preceding the Purchase Contract Settlement Date.
The "Closing Price" of the Common Stock on any date of determination means the
closing sale price (or, if no closing price is reported, the last reported sale
price) of the Common Stock on the New York Stock Exchange (the "NYSE") on such
date or, if the Common Stock is not listed for trading on the NYSE on any such
date, as reported in the composite transactions for the principal United States
national or regional securities exchange on which the Common Stock is so listed.
If the Common Stock is not so listed on a United States national or regional
securities exchange, the Closing Price means the last sale price of the Common
Stock as reported by the NASDAQ Stock Market, or if the Common Stock is not so
reported, the last quoted bid price for the Common Stock in the over-the-counter
market as reported by the National Quotation Bureau or similar organization. If
such bid price is not available, the Closing Price means market value of the
Common Stock on such date as determined by a nationally recognized independent
investment banking firm retained by the Company for this purpose. A "Trading
Day" means a day on which the Common Stock (A) is not suspended from trading on
any national or regional securities exchange or association or over-the-counter
market at the close of business and (B) has traded at least once on the national
or regional securities exchange or association or over-the-counter market that
is the primary market for the trading of the Common Stock.

      In accordance with the terms of the Purchase Contract Agreement, the
Holder of the Growth PRIDES evidenced hereby shall pay, on the Purchase Contract
Settlement Date, the Purchase Price for the shares of Common Stock purchased
pursuant to each Purchase Contract evidenced hereby by effecting a Cash
Settlement or an Early Settlement of each such Purchase Contract or by applying
a principal amount of the Pledged Treasury Securities underlying such Holder's
Growth PRIDES equal to the Stated Amount of such Purchase Contract to the
purchase

                                      A-24
<PAGE>
of Common Stock. A Holder of Growth PRIDES who does not make such payment in
accordance with the Purchase Contract Agreement or who does not notify the Agent
of such Holder's intention, on or prior to 5:00 p.m., New York City time, on the
fifth Business Day immediately preceding the Purchase Contract Settlement Date,
to make an effective Cash Settlement or an Early Settlement, shall have
defaulted in its obligations under the related Purchase Contract, and the
Collateral Agent shall exercise its rights as a secured creditor for the benefit
of the Company under the Purchase Contract Agreement and the Pledge Agreement
and shall apply the principal amount at maturity of the related Pledged Treasury
Securities held by the Collateral Agent to the Purchase Price of the Common
Stock on such Purchase Contract Settlement Date.

      The Company shall not be obligated to issue any shares of Common Stock in
respect of a Purchase Contract or deliver any certificates therefor to the
Holder unless it shall have received payment in full of the Purchase Price for
the shares of Common Stock to be purchased thereunder in the manner set forth in
the Purchase Contract Agreement.

      The Growth PRIDES Certificates are issuable only in registered form and
only in denominations of a single Growth PRIDES and any integral multiple
thereof. The transfer of any Growth PRIDES Certificate will be registered and
Growth PRIDES Certificates may be exchanged as provided in the Purchase Contract
Agreement. The Growth PRIDES Registrar may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents permitted by the
Purchase Contract Agreement. No service charge shall be required for any such
registration of transfer or exchange, but the Company and the Agent may require
payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

      A Holder of a Growth PRIDES may, at any time on or prior to the fifth
Business Day immediately preceding the Purchase Contract Settlement Date, create
or recreate an Income PRIDES by depositing with the Collateral Agent a Debt
Security or the Applicable Ownership Interest in the applicable Treasury
Portfolio, as the case may be, having an aggregate principal amount equal to the
aggregate principal amount at maturity of, and in substitution for all, but not
less than all, of the Treasury Securities comprising part of the Growth PRIDES
in accordance with the Purchase Contract Agreement; provided, however, that if
the Treasury Portfolio has replaced the Debt Securities as a component of Income
PRIDES as a result of a successful remarketing of the Debt Securities on a
Remarketing Date or a Tax Event Redemption, such Collateral Substitutions may be
made at any time on or prior to the second Business Day immediately preceding
the Purchase Contract Settlement Date. Holders of Growth PRIDES may make such
Collateral Substitutions and establish Income PRIDES (i) only in integral
multiples of 40 Growth PRIDES if Treasury Securities are being replaced by only
Debt Securities, or (ii) only in integral multiples of        Growth PRIDES (or
such other number of Growth PRIDES as may be determined by the Reset Agent upon
a successful remarketing of Debt Securities if the Reset Date is not an Interest
Payment Date) if any Treasury Security is being replaced by the Applicable
Ownership Interest in the appropriate Treasury Portfolio. To create 40 Income
PRIDES (if a Tax Event Redemption has not occurred and the Debt Securities
remain components of Income PRIDES), or        Income PRIDES (or such other
number of Income PRIDES as may be determined by the Reset Agent upon a
successful remarketing of Debt Securities if the Reset Date is not an Interest
Payment Date) (if a Tax Event Redemption has occurred or the Remarketing
Treasury Portfolio has replaced the Debt Securities as a result of a successful
remarketing of such Debt Securities), the Growth PRIDES Holder shall

                                      A-25
<PAGE>
            (a) if a Treasury Portfolio has not replaced the Debt Securities as
      a component of Income PRIDES as a result of a successful remarketing of
      the Debt Securities on Remarketing Date or a Tax Event Redemption, on or
      prior to the fifth Business Day immediately preceding the Purchase
      Contract Settlement Date, deposit with the Collateral Agent $1,000 in
      aggregate principal amount of Debt Securities; or

            (b) if a Treasury Portfolio has replaced the Debt Securities as a
      component of Income PRIDES as a result of a successful remarketing of the
      Debt Securities on a Remarketing Date or a Tax Event Redemption, on or
      prior to the second Business Day immediately preceding the Purchase
      Contract Settlement Date, deposit with the Collateral Agent the Applicable
      Ownership Interest in the Treasury Portfolio for each        Income PRIDES
      (or such other number of Income PRIDES as may be determined by the Reset
      Agent upon a successful remarketing of Debt Securities if the Reset Date
      is not an Interest Payment Date) being created by the Holder, and having
      an aggregate principal amount of $        ; and

            (c) in each case, transfer and surrender the related 40 Growth
      PRIDES, or in the event the Treasury Portfolio is a component of Income
      PRIDES,        Income PRIDES (or such other number of Income PRIDES as may
      be determined by the Reset Agent upon a successful remarketing of Debt
      Securities if the Reset Date is not an Interest Payment Date), to the
      Agent accompanied by a notice to the Agent, substantially in the form of
      Exhibit B to the Pledge Agreement, stating that the Holder has transferred
      the relevant amount of Debt Securities or the appropriate Applicable
      Ownership Interest in the Treasury Portfolio, as the case may be, to the
      Collateral Agent and requesting that the Agent instruct the Collateral
      Agent to release the Treasury Securities underlying such Growth PRIDES,
      whereupon the Agent shall promptly give such instruction to the Collateral
      Agent, substantially in the form of Exhibit A to the Pledge Agreement.

      Upon receipt of the Debt Securities or the Applicable Ownership Interest
in the appropriate Treasury Portfolio, as the case may be, described in clause
(a) or (b) above and the instructions described in clause (c) above, in
accordance with the terms of the Pledge Agreement, the Collateral Agent will
effect the release of the Treasury Securities having a corresponding aggregate
principal amount from the Pledge to the Agent free and clear of the Company's
security interest therein, and upon receipt thereof the Agent shall promptly:

            (i) cancel the related Growth PRIDES surrendered and transferred;

            (ii) transfer the Treasury Securities that had been components of
      such Growth PRIDES to the Holder; and

            (iii) authenticate, execute on behalf of such Holder and deliver an
      Income PRIDES Certificate executed by the Company in accordance with the
      Purchase Contract Agreement evidencing the same number of Purchase
      Contracts as were evidenced by the cancelled Growth PRIDES.

      Holders who elect to separate Pledged Treasury Securities from the related
Purchase Contracts and to substitute Debt Securities or the Applicable Ownership
Interest in the Treasury Portfolio, as the case may be, for such Pledged
Treasury Securities shall be responsible for any fees or expenses payable to the
Collateral Agent for its services as Collateral Agent in respect of the
substitution, and the Company shall not be responsible for any such fees or
expenses.

                                      A-26
<PAGE>
      A Holder of an Income PRIDES may create or recreate a Growth PRIDES and
separate the Debt Security or the Applicable Ownership Interest in the
appropriate Treasury Portfolio, as applicable, from the related Purchase
Contract in respect of such Income PRIDES by substituting a Treasury Security
for the Debt Security, or the Applicable Ownership Interest in the appropriate
Treasury Portfolio, that form a part of such Income PRIDES in accordance with
the Purchase Contract Agreement.

      Subject to the next succeeding paragraph, the Company shall pay, on each
Payment Date, except Initial Reset Date, if the Initial Reset Date is not also a
quarterly Payment Date, the Contract Adjustment Payments payable in respect of
each Purchase Contract to the Person in whose name the Growth PRIDES Certificate
evidencing such Purchase Contract is registered on the Register at the close of
business on the Record Date next preceding such Payment Date. The Contract
Adjustment Payments will be payable at the Corporate Trust Office or, at the
option of the Company, by check mailed to the address of the Person entitled
thereto at such address as it appears on the Growth PRIDES Register or by wire
transfer to an account appropriately designated in writing by such person.

      The Company shall have the right, at any time prior to the Purchase
Contract Settlement Date, to defer the payment of any or all of the Contract
Adjustment Payments otherwise payable on any Payment Date, but only if the
Company shall give the Holders and the Agent written notice of its election to
defer such payment (specifying the amount to be deferred) as provided in the
Purchase Contract Agreement. Any Contract Adjustment Payments so deferred shall
bear additional Contract Adjustment Payments thereon at the rate of ____% per
annum (computed on the basis of a 360-day year of twelve 30-day months),
compounding on each succeeding Payment Date, until paid in full (such deferred
installments of Contract Adjustment Payments, if any, together with the
additional Contract Adjustment Payments accrued thereon, are referred to herein
as the "Deferred Contract Adjustment Payments"). Deferred Contract Adjustment
Payments, if any, shall be due on the next succeeding Payment Date except to the
extent that payment is deferred pursuant to the Purchase Contract Agreement. No
Contract Adjustment Payments may be deferred to a date that is after the
Purchase Contract Settlement Date.

      In the event that the Company elects to defer the payment of Contract
Adjustment Payments on the Purchase Contracts until the Purchase Contract
Settlement Date, the Holder of this Growth PRIDES Certificate will receive on
the Purchase Contract Settlement Date, in lieu of a cash payment, a number of
shares of Common Stock (in addition to the number of shares equal to the
Settlement Rate) equal to (x) the aggregate amount of Deferred Contract
Adjustment Payments payable to the Holder of this Growth PRIDES Certificate
divided by (y) the Applicable Market Value.

      In the event the Company exercises its option to defer the payment of
Contract Adjustment Payments, then, until the Deferred Contract Adjustment
Payments have been paid, the Company shall not declare or pay dividends on, make
distributions with respect to, or redeem, purchase or acquire, or make a
liquidation payment with respect to, any of its capital stock or make guarantee
payments with respect to the foregoing (other than (i) purchases, redemptions or
acquisitions of shares of capital stock of the Company in connection with any
employment contract, benefit plan or other similar arrangement with or for the
benefit of employees, officers, directors or agents or a stock purchase or
dividend reinvestment plan, or the

                                      A-27
<PAGE>
satisfaction by the Company of its obligations pursuant to any contract or
security outstanding on the date of such event or agent benefit plans or the
satisfaction by the Company of its obligations pursuant to any contract or
security outstanding on the date of such event requiring the Company to
purchase, redeem or acquire its capital stock, (ii) as a result of a
reclassification of the Company's capital stock or the exchange or conversion of
one class or series of the Company's capital stock for another class or series
of the Company's capital stock, (iii) the purchase of fractional interests in
shares of the Company's capital stock pursuant to the conversion or exchange
provisions of the Company's capital stock or the security being converted or
exchanged, (iv) dividends or distributions in capital stock of the Company (or
rights to acquire capital stock) or repurchases, redemptions or acquisitions of
capital stock in connection with the issuance or exchange of the Company's
capital stock (or securities convertible into or exchangeable for shares of
capital stock) or (v) redemptions, exchanges or repurchases of any rights
outstanding under a shareholder rights plan or the declaration or payment
thereunder of a dividend or distribution of or with respect to rights in the
future.

      The Company's obligations with respect to Contract Adjustment Payments
(including any accrued or Deferred Contract Adjustment Payments), will be
subordinated and junior in right of payment to the Company's obligations under
any Senior Indebtedness. Upon any payment or distribution of the Company's
assets to its creditors upon any dissolution, winding up, liquidation or
reorganization, whether voluntary or involuntary, or in bankruptcy, insolvency,
receivership or other similar proceedings, the holders of all Senior
Indebtedness shall first be entitled to receive payment in full of all amounts
due or to become due thereon, or payment of such amounts shall have been
provided for, before the holders of the Securities shall be entitled to receive
any Contract Adjustment Payments.

      No payment of Contract Adjustment Payments may be made if (i) any payment
default on any Senior Indebtedness has occurred and is continuing beyond any
applicable grace period; or (ii) any default other than a payment default with
respect to Senior Indebtedness occurs and is continuing that permits the
acceleration of the maturity thereof and the Agent receives a written notice of
such default from the Company or the holders of such Senior Indebtedness.

      The Purchase Contracts and all obligations and rights of the Company and
the Holders thereunder, including, without limitation, the rights of the Holders
to receive and the obligation of the Company to pay any Contract Adjustment
Payments or any Deferred Contract Adjustment Payments, and the rights and
obligations of the Holders to purchase Common Stock shall immediately and
automatically terminate, without the necessity of any notice or action by any
Holder, the Agent or the Company, if, on or prior to the Purchase Contract
Settlement Date, a Termination Event shall have occurred. Upon the occurrence of
a Termination Event, the Company shall promptly but in no event later than two
Business Days thereafter give written notice to the Agent, the Collateral Agent
and to the Holders, at their addresses as they appear in the Growth PRIDES
Register. Upon and after the occurrence of a Termination Event, the Collateral
Agent shall release the Treasury Securities from the Pledge in accordance with
the provisions of the Pledge Agreement.

      Subject to and upon compliance with the provisions of the Purchase
Contract Agreement, a Holder of Growth PRIDES may settle the related Purchase
Contracts in their entirety at any time on or prior to the second Business Day
immediately preceding the Purchase Contract

                                      A-28
<PAGE>
Settlement Date, but only in integral multiples of           Growth PRIDES. The
right to Early Settlement is subject to there being in effect, if so required
under Federal securities laws, a registration statement covering the shares of
Common Stock to be delivered in respect of the Purchase Contracts being settled
(it being understood that, if so required under Federal securities laws, the
Company shall use commercially reasonable efforts to (1) cause such a
registration statement to become effective and (2) provide a prospectus in
connection therewith, in each case, in a form appropriate for Early
Settlements). In order to exercise the right to effect any such early settlement
("Early Settlement") with respect to any Purchase Contracts evidenced by this
Growth PRIDES Certificate, the Holder of this Growth PRIDES Certificate shall
deliver this Growth PRIDES Certificate to the Agent at the Corporate Trust
Office duly endorsed for transfer to the Company or in blank with the form of
Election to Settle Early set forth below duly completed and executed and
accompanied by payment payable to the Company in immediately available funds in
an amount (the "Early Settlement Amount") equal to the sum of (i) $25 times the
number of Purchase Contracts being settled, plus (ii) if such delivery is made
with respect to any Purchase Contracts during the period from the close of
business on any Record Date next preceding any Payment Date to the opening of
business on such Payment Date, an amount equal to the Contract Adjustment
Payments payable, if any, on such Payment Date with respect to such Purchase
Contracts. Upon Early Settlement of Purchase Contracts by a Holder of the
related Securities, the Pledged Debt Securities or the Pledged Applicable
Ownership Interest in the a Treasury Portfolio underlying such Securities shall
be released from the Pledge as provided in the Pledge Agreement and the Holder
shall be entitled to receive a number of shares of Common Stock on account of
each Purchase Contract forming part of an Growth PRIDES as to which Early
Settlement is effected equal to the Early Settlement Rate which shall be equal
to 0._____ newly issued shares of Common Stock per Purchase Contract (the "Early
Settlement Rate"); provided however, that upon the Early Settlement of the
Purchase Contracts, (i) the Holder thereof will forfeit the right to receive any
Deferred Contract Adjustment Payments, if any, on such Purchase Contracts, (ii)
the Holder's right to receive additional Contract Adjustment Payments in respect
of such Purchase Contracts will terminate, and (iii) no adjustment will be made
to or for the Holder on account of Deferred Contract Adjustment Payments, or any
amount accrued in respect of Contract Adjustment Payments. The Early Settlement
Rate shall be adjusted in the same manner and at the same time as the Settlement
Rate is adjusted as provided in the Purchase Contract Agreement.

      Subject to and upon compliance with the provisions of the Purchase
Contract Agreement, if, prior to the Purchase Contract Settlement Date, (i) the
Company merges with or into another entity, (ii) the Common Stock is converted,
exchanged, reclassified or cancelled in such merger, and (iii) at least 30% of
the consideration received by the Company's shareholders for its Common Stock in
such merger consists of cash or cash equivalents (a "Cash Merger"), then each
Holder of Securities shall have the right to settle the Purchase Contract at the
Settlement Rate in effect immediately before the Cash Merger (a "Cash Merger
Early Settlement"). The right to Cash Merger Early Settlement is subject to
there being in effect, if so required under Federal securities laws, a
registration statement covering the securities to be delivered in respect of the
Purchase Contracts being settled (it being understood that, if so required under
Federal securities laws, the Company shall use commercially reasonable efforts
to (1) cause such a registration statement to become effective and (2) provide a
prospectus in connection therewith, in each case, in a form appropriate for
Early Settlements). Upon Cash Merger Early Settlement, (x) the holder's rights
to receive Deferred Contract Adjustment Payments, if any, on the Purchase

                                      A-29
<PAGE>
Contracts being settled will be forfeited, (y) the holder's right to receive
additional Contract Adjustment Payments in respect of such Purchase Contracts
will terminate and (z) no adjustment will be made to or for the holder on
account of Deferred Contract Adjustment Payments, or any amount accrued in
respect of Contract Adjustment Payments. The Company shall provide each of the
Holders with a notice of the consummation of the Cash Merger within five
Business Days after the consummation thereof. Such notice will specify, among
other things, the "Cash Merger Early Settlement Date," which shall be 10
Business Days after the date of such notice, and the amount of the cash,
securities and other consideration receivable by each Holder upon a Cash Merger
Early Settlement. To exercise a Cash Merger Early Settlement, a Holder shall
deliver, present and surrender the this Growth PRIDES Certificate duly endorsed
for transfer to the Company in blank at the offices of the Agent, accompanied by
payment to the Company in immediately available funds of an amount equal to (I)
$25 multiplied by (II) the number of Purchase Contracts being settled, plus
(III) if such delivery is made with respect to any Purchase Contracts during the
period from the close of business on any Record Date next preceding any Payment
Date to the opening of business on such Payment Date, an amount equal to the
Contract Adjustment Payments payable on such Payment Date with respect to such
Purchase Contracts; provided that no payment is required if the Company has
elected to defer the Contract Adjustment Payments which would otherwise be
payable on the Payment Date, no later than 5:00 p.m., New York City time, on the
Business Day immediately preceding the Cash Merger Early Settlement Date. Except
as provided in the immediately preceding sentence and subject to the second to
last paragraph of Section 5.2 of the Purchase Contract Agreement, no payment or
adjustment shall be made upon Early Settlement of any Purchase Contract on
account of any Contract Adjustment Payments accrued on such Purchase Contract or
on account of any dividends on the Common Stock issued upon such Early
Settlement. Upon a Cash Merger Early Settlement, the Pledged Debt Securities or
the Pledged Applicable Ownership Interest in the a Treasury Portfolio underlying
the Securities being settled shall be released from the Pledge as provided in
the Pledge Agreement and the Company will deliver, or cause to be delivered, to
Holders duly exercising a Cash Merger Early Settlement on the Cash Merger Early
Settlement Date the kind and amount of securities, cash or other property that
such Holders would have been entitled to receive if they had settled the
Purchase Contracts immediately before the Cash Merger at the Settlement Rate in
effect at such time.

      Upon registration of transfer of this Growth PRIDES Certificate, the
transferee shall be bound (without the necessity of any other action on the part
of such transferee, except as may be required by the Agent pursuant to the
Purchase Contract Agreement), under the terms of the Purchase Contract Agreement
and the Purchase Contracts evidenced hereby and the transferor shall be released
from the obligations under the Purchase Contracts evidenced by this Growth
PRIDES Certificate. The Company covenants and agrees, and the Holder, by its
acceptance hereof, likewise covenants and agrees, to be bound by the provisions
of this paragraph.

      The Holder of this Growth PRIDES Certificate, by its acceptance hereof,
irrevocably authorizes the Agent to enter into and perform the related Purchase
Contracts forming part of the Growth PRIDES evidenced hereby on its behalf as
its attorney-in-fact, expressly withholds any consent to the assumption (i.e.,
affirmance) of the Purchase Contracts by the Company or its trustee in
bankruptcy, receiver, liquidator or a person or entity performing similar
functions, in the event that the Company becomes the subject of a case under the
Bankruptcy Code or subject to other similar Federal or State law providing for
reorganization or liquidation, agrees to be

                                      A-30
<PAGE>
bound by the terms and provisions thereof, covenants and agrees to perform its
obligations under such Purchase Contracts, consents to the provisions of the
Purchase Contract Agreement, authorizes the Agent to enter into and perform the
Pledge Agreement on its behalf as its attorney-in-fact, and consents to the
Pledge of the Treasury Securities underlying this Growth PRIDES Certificate
pursuant to the Pledge Agreement. The Holder, by its acceptance hereof, further
covenants and agrees, that, to the extent and in the manner provided in the
Purchase Contract Agreement and the Pledge Agreement, but subject to the terms
thereof, payments in respect to the Stated Amount of the Pledged Treasury
Securities on the Purchase Contract Settlement Date shall be paid by the
Collateral Agent to the Company in satisfaction of such Holder's obligations
under such Purchase Contract and such Holder shall acquire no right, title or
interest in such payments.

      The Holder of this Growth PRIDES Certificate, by its acceptance hereof,
covenants and agrees to treat itself as the owner, for United States federal,
state and local income and franchise tax purposes, of the Treasury Securities
forming part of the Growth PRIDES evidenced hereby.

      Subject to certain exceptions, the provisions of the Purchase Contract
Agreement may be amended with the consent of the Holders of a majority of the
Purchase Contracts. In addition, certain amendments to the Purchase Contract
Agreement may be made without any consent of the Holders as provided in the
Purchase Contract Agreement.

      THE PURCHASE CONTRACTS SHALL FOR ALL PURPOSES BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      The Company and the Agent and any agent of the Company or the Agent may
treat the Person in whose name this Growth PRIDES Certificate is registered on
the Growth PRIDES Register as the owner of the Growth PRIDES evidenced hereby
for the purpose of receiving payments of interest on the Treasury Securities,
receiving payments of Contract Adjustment Payments and any Deferred Contract
Adjustment Payments, performance of the Purchase Contracts and for all other
purposes whatsoever, whether or not any payments in respect thereof be overdue
and notwithstanding any notice to the contrary, and neither the Company, the
Agent nor any such agent shall be affected by notice to the contrary.

      The Purchase Contracts shall not, prior to the settlement thereof, in
accordance with the Purchase Agreement, entitle the Holder to any of the rights
of a holder of shares of Common Stock.

      A copy of the Purchase Contract Agreement is available for inspection at
the offices of the Agent during regular business hours of the Agent.

      Unless the certificate of authentication hereon has been executed by the
Agent by manual signature, this Growth PRIDES Certificate shall not be entitled
to any benefit under the Pledge Agreement or the Purchase Contract Agreement or
be valid or obligatory for any purpose.

                                      A-31
<PAGE>
      IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                        AMERUS GROUP CO.

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

                                        HOLDER SPECIFIED ABOVE
                                        (as to obligations of such Holder under
                                        the Purchase Contracts evidenced
                                        hereby)

                                        By: Wachovia Bank, National Association,
                                            ------------------------------------
                                            not individually but solely as
                                            Attorney-in-Fact of such Holder

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

Dated:

                      AGENT'S CERTIFICATE OF AUTHENTICATION

      This is one of the Growth PRIDES Certificates referred to in the within
mentioned Purchase Contract Agreement.

                                         Wachovia Bank, National Association,
                                         --------------------------------------
                                         as Purchase Contract Agent and Trustee

                                         By:
                                            -----------------------------------
                                            Authorized Signatory

                                      A-32
<PAGE>
                                  ABBREVIATIONS

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

TEN COM                       -          as tenants in common

UNIF GIFT MIN ACT             ----------------Custodian-------------
                              (cust)                                 (minor)
                              Under Uniform Gifts to Minors Act

                              ---------------------------------
                                                (State)

TEN ENT                       -          as tenants by the entireties

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

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

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

      (Please insert Social Security or Taxpayer I.D. or other Identifying
Number of Assignee)

      (Please Print or Type Name and Address Including Postal Zip Code of
Assignee)

the within Growth PRIDES Certificate and all rights thereunder, hereby
irrevocably constituting and appointing attorney to transfer said Growth PRIDES
Certificate on the books of AmerUs Group Co. with full power of substitution in
the premises.

Dated:
---------------------------------        ---------------------------------------
                                                                 Signature

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

Signature Guarantee: ______________

                                      A-33
<PAGE>
      Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

                                      A-34
<PAGE>
                             SETTLEMENT INSTRUCTIONS

      The undersigned Holder directs that a certificate for shares of Common
Stock deliverable upon settlement on or after the Purchase Contract Settlement
Date of the Purchase Contracts underlying the number of Growth PRIDES evidenced
by this Growth PRIDES Certificate be registered in the name of, and delivered,
together with a check in payment for any fractional share, to the undersigned at
the address indicated below unless a different name and address have been
indicated below. If shares are to be registered in the name of a Person other
than the undersigned, the undersigned will pay any transfer tax payable incident
thereto.

Dated:
--------------------------------------------------------------------------------
                                          Signature

Signature Guarantee:

      Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

If shares are to be registered in the name of and            REGISTERED HOLDER
delivered to Person other than the Holder, please
print such Person's name and address:

                                               Please print name and address of
                                               Registered Holder:

      Name                                                            Name

      Address                                                         Address

Social Security or other Taxpayer Identification
Number, if any

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

                                      A-35
<PAGE>
                            ELECTION TO SETTLE EARLY

      The undersigned Holder of this Growth PRIDES Certificate hereby
irrevocably exercises the option to effect Early Settlement in accordance with
the terms of the Purchase Contract Agreement with respect to the Purchase
Contracts underlying the number of Growth PRIDES evidenced by this Growth PRIDES
Certificate specified below. The undersigned Holder directs that a certificate
for shares of Common Stock deliverable upon such Early Settlement be registered
in the name of, and delivered, together with a check in payment for any
fractional share and any Growth PRIDES Certificate representing any Growth
PRIDES evidenced hereby as to which Early Settlement of the related Purchase
Contracts is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. Pledged Treasury
Securities deliverable upon such Early Settlement will be transferred in
accordance with the transfer instructions set forth below. If shares are to be
registered in the name of a Person other than the undersigned, the undersigned
will pay any transfer tax payable incident thereto.

Dated:
--------------------------------------------------------------------------------
                                                             Signature

Signature Guarantee:

      Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

      Number of Securities evidenced hereby as to which Early Settlement of the
related Purchase Contracts is being elected:

If shares of Common Stock or Growth PRIDES                   REGISTERED HOLDER
Certificates are to be registered in the name of
and delivered to, and Pledged Treasury Securities
are to be transferred to, a Person other than the
Holder, please print such Person's name and
address:
                                                             Please print name
                                                             and address of
                                                             Registered Holder:

          Name                                                    Name

        Address                                                 Address

                                      A-36
<PAGE>
Social Security or other Taxpayer Identification
Number, if any

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

                                      A-37
<PAGE>
  Transfer Instructions for Pledged Treasury Securities Transferable Upon Early
                       Settlement or a Termination Event:

                     {TO BE ATTACHED TO GLOBAL CERTIFICATES}

            SCHEDULE OF INCREASES OR DECREASES IN GLOBAL CERTIFICATE

      The following increases or decreases in this Global Certificate have been
made:

<TABLE>
<CAPTION>
Date               Amount of decrease in      Amount of increase in      Principal Amount     Signature of
                   Principal Amount of the    Principal Amount of the    of this Global       authorized officer of
                   Global Certificate         Global Certificate         Certificate          Trustee or Securities
                                                                         following such       Custodian
                                                                         decrease or
                                                                         increase
<S>                <C>                        <C>                        <C>                  <C>

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</TABLE>

                                      A-38
<PAGE>
                                    EXHIBIT C

                        NOTICE TO SETTLE BY SEPARATE CASH

Attention:

      Re:   Securities of AmerUs Group Co. (the "Company")

      The undersigned Holder hereby irrevocably notifies you in accordance with
Section 5.4 of the Purchase Contract Agreement, dated as of June 1, 2002 among
the Company, yourselves, as Purchase Contract Agent and as Attorney-in-Fact for
the Holders of the Purchase Contracts, that such Holder has elected to pay to
the Collateral Agent, on or prior to 11:00 a.m. New York City time, on the
Business Day immediately preceding the Purchase Contract Settlement Date, (in
lawful money of the United States by (certified or cashiers check or) wire
transfer, in immediately available funds), $_________ as the Purchase Price for
the shares of Common Stock issuable to such Holder by the Company under the
related Purchase Contract on the Purchase Contract Settlement Date. The
undersigned Holder hereby instructs you to notify promptly the Collateral Agent
of the undersigned Holders election to make such cash settlement with respect to
the Purchase Contracts related to such Holder's (Income PRIDES) (Growth PRIDES).

Dated:
--------------------------------------------------------------------------------
                                                             Signature

Signature Guarantee: ______________

Signatures must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program ("STAMP") or such
other "signature guarantee program" as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

Please print name and address of Registered Holder:

--------------------------------------------------------------------------------
Name                           Social Security or other Taxpayer Identification
                                               Number, if any

Address

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

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

                                      A-39

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]