Document:

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                                                                     Exhibit 4.1

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                             DOLE FOOD COMPANY, INC.

                                       TO

                      CHEMICAL TRUST COMPANY OF CALIFORNIA

                                     TRUSTEE

                                   ----------

                                    INDENTURE

                            DATED AS OF JULY 15, 1993

                                   ----------

                             SENIOR DEBT SECURITIES

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<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
PARTIES                                                                       1
RECITALS OF THE COMPANY                                                       1
ARTICLE ONE Definitions and Other Provisions of General Application           1
   Section 101.  Definitions                                                  1
                 Act                                                          1
                 Affiliate                                                    1
                 Authenticating Agent                                         2
                 Authorized Newspaper                                         2
                 Bearer Security                                              2
                 Board of Directors                                           2
                 Board Resolution                                             2
                 Business Day                                                 2
                 Commission                                                   2
                 Company                                                      2
                 Company Request or Company Order                             2
                 Corporate Trust Office                                       2
                 Corporation                                                  2
                 Coupon                                                       2
                 Covenant Defeasance                                          2
                 Defaulted Interest                                           2
                 Defeasance                                                   2
                 Defeasible Series                                            2
                 Depositary                                                   2
                 Event of Default                                             3
                 Exchange Act                                                 3
                 Global Security                                              3
                 Holder                                                       3
                 Indenture                                                    3
                 Interest                                                     3
                 Interest Payment Date                                        3
                 Maturity                                                     3
                 Officers' Certificate                                        3
                 Opinion of Counsel                                           3
                 Original Issue Discount Security                             3
                 Outstanding                                                  3
                 Paying Agent                                                 4
                 Person                                                       4
                 Place of Payment                                             4
                 Predecessor Security                                         4
                 Redemption Date                                              4
                 Redemption Price                                             4
                 Registered Security                                          4
                 Regular Record Date                                          4
                 Responsible Officer                                          5
                 Securities                                                   5
                 Security Register and Security Registrar                     5
</TABLE>

                                        i

<PAGE>

<TABLE>
<S>                                                                         <C>
                 Special Record Date                                          5
                 Stated Maturity                                              5
                 Subsidiary                                                   5
                 Trustee                                                      5
                 Trust Indenture Act                                          5
                 U.S. Government Obligations                                  5
                 Vice President                                               5
   Section 102.  Compliance Certificates and Opinions                         5
   Section 103.  Form of Documents Delivered to Trustee                       6
   Section 104.  Acts of Holders; Record Dates                                6
   Section 105.  Notice, Etc., to Trustee and Company                         8
   Section 106.  Notice to Holders; Waiver                                    8
   Section 107.  Conflict with Trust Indenture Act                            9
   Section 108.  Effect of Headings and Table of Contents                     9
   Section 109.  Successors and Assigns                                       9
   Section 110.  Separability Clause                                          9
   Section 111.  Benefits of Indenture                                        9
   Section 112.  Governing Law                                                9
   Section 113.  Legal Holidays                                               9
ARTICLE TWO Security Forms                                                   10
   Section 201.  Forms Generally                                             10
   Section 202.  Form of Legend for Global Securities                        10
   Section 203.  Form of Trustee's Certificate of Authentication             11
ARTICLE THREE The Securities                                                 12
   Section 301.  Amount Unlimited; Issuable in Series                        12
   Section 302.  Denominations                                               14
   Section 303.  Execution, Authentication, Delivery and Dating              14
   Section 304.  Temporary Securities                                        15
   Section 305.  Registration, Registration of Transfer and Exchange         15
   Section 306.  Mutilated, Destroyed, Lost and Stolen Securities            17
   Section 307.  Payment of Interest; Interest Rights Preserved              18
   Section 308.  Persons Deemed Owners                                       19
   Section 309.  Cancellation                                                20
   Section 310.  Computation of Interest                                     20
ARTICLE FOUR Satisfaction and Discharge                                      20
   Section 401.  Satisfaction and Discharge of Indenture                     20
   Section 402.  Application of Trust Money                                  21
ARTICLE FIVE Remedies                                                        22
   Section 501.  Events of Default                                           22
   Section 502.  Acceleration of Maturity; Rescission and Annulment          23
   Section 503.  Collection of Indebtedness and Suits for Enforcement by
                 Trustee                                                     24
   Section 504.  Trustee May File Proofs of Claim                            25
   Section 505.  Trustee May Enforce Claims Without Possession of
                 Securities                                                  25
   Section 506.  Application of Money Collected                              25
   Section 507.  Limitation on Suits                                         26
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>                                                                         <C>
   Section 508.  Unconditional Right of Holders to Receive Principal,
                 Premium and Interest                                        26
   Section 509.  Restoration of Rights and Remedies                          26
   Section 510.  Rights and Remedies Cumulative                              27
   Section 511.  Delay or Omission Not Waiver                                27
   Section 512.  Control by Holders                                          27
   Section 513.  Waiver of Past Defaults                                     27
   Section 514.  Undertaking for Costs                                       28
   Section 515.  Waiver of Usury, Stay or Extension Laws                     28
ARTICLE SIX The Trustee                                                      28
   Section 601.  Certain Duties and Responsibilities                         28
   Section 602.  Notice of Defaults                                          28
   Section 603.  Certain Rights of Trustee                                   28
   Section 604.  Not Responsible for Recitals or Issuance of Securities      29
   Section 605.  May Hold Securities or Coupons                              29
   Section 606.  Money Held in Trust                                         30
   Section 607.  Compensation and Reimbursement                              30
   Section 608.  Disqualification; Conflicting Interests                     30
   Section 609.  Corporate Trustee Required; Eligibility                     30
   Section 610.  Resignation and Removal; Appointment of Successor           31
   Section 611.  Acceptance of Appointment by Successor                      32
   Section 612.  Merger, Conversion, Consolidation or Succession to
                 Business                                                    32
   Section 613.  Preferential Collection of Claims Against Company           33
   Section 614.  Appointment of Authenticating Agent                         33
ARTICLE SEVEN Holders' Lists and Reports by Trustee and Company              34
   Section 701.  Company to Furnish Trustee Names and Addresses of
                 Holders                                                     34
   Section 702.  Preservation of Information; Communications to Holders      34
   Section 703.  Reports by Trustee                                          35
   Section 704.  Reports by Company                                          35
ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease           35
   Section 801.  Company May Consolidate, Etc., Only on Certain Terms        35
   Section 802.  Successor Substituted                                       36
ARTICLE NINE Supplemental Indentures                                         36
   Section 901.  Supplemental Indentures Without Consent of Holders          36
   Section 902.  Supplemental Indentures with Consent of Holders             37
   Section 903.  Execution of Supplemental Indentures                        38
   Section 904.  Effect of Supplemental Indentures                           38
   Section 905.  Conformity with Trust Indenture Act                         38
   Section 906.  Reference in Securities to Supplemental Indentures          38
ARTICLE TEN Covenants                                                        38
   Section 1001. Payment of Principal, Premium and Interest                  38
   Section 1002. Maintenance of Office or Agency                             38
   Section 1003. Money for Securities Payments to Be Held in Trust           39
   Section 1004. Statement by Officers as to Default                         40
   Section 1005. Existence                                                   40
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                                       iii

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<TABLE>
<S>                                                                         <C>
   Section 1006. Maintenance of Properties                                   40
   Section 1007. Payment of Taxes and Other Claims                           40
ARTICLE ELEVEN Redemption of Securities                                      41
   Section 1101. Applicability of Article                                    41
   Section 1102. Election to Redeem; Notice to Trustee                       41
   Section 1103. Selection by Trustee of Securities to Be Redeemed           41
   Section 1104. Notice of Redemption                                        41
   Section 1105. Deposit of Redemption Price                                 42
   Section 1106. Securities Payable on Redemption Date                       42
   Section 1107. Securities Redeemed in Part                                 43
ARTICLE TWELVE Sinking Funds                                                 43
   Section 1201. Applicability of Article                                    43
   Section 1202. Satisfaction of Sinking Fund Payments with Securities       44
   Section 1203. Redemption of Securities for Sinking Fund                   44
ARTICLE THIRTEEN Defeasance and Covenant Defeasance                          44
   Section 1301. Company's Option to Effect Defeasance or Covenant
                 Defeasance                                                  44
   Section 1302. Defeasance and Discharge                                    44
   Section 1303. Covenant Defeasance                                         45
   Section 1304. Conditions to Defeasance or Covenant Defeasance             45
   Section 1305. Deposited Money and U.S. Government Obligations to be
                 Held in Trust; Other Miscellaneous Provisions               47
   Section 1306. Reinstatement                                               47
ARTICLE FOURTEEN Meetings of Holders of Securities                           47
   Section 1401. Purpose for Which Meetings May be Called                    47
   Section 1402. Call, Notice and Place of Meetings                          48
   Section 1403. Persons Entitled to Vote at Meetings                        48
   Section 1404. Quorum; Action                                              48
   Section 1405. Determination of Voting Rights; Conduct and Adjournment
                 of Meetings                                                 49
   Section 1406. Counting Votes and Recording Action of Meetings             49
</TABLE>

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NOTE: This table of contents shall not, for any purpose, be deemed to be a part
      of the Indenture.

                                       iv

<PAGE>

                             DOLE FOOD COMPANY, INC.
    CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318,
                 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939:

<TABLE>
<CAPTION>
TRUST INDENTURE ACT SECTION                                    INDENTURE SECTION
---------------------------                                    -----------------
<S>                                                            <C>
Section 310 (a)(1)                                             609
            (a)(2)                                             609
            (a)(3)                                             Not Applicable
            (a)(4)                                             Not Applicable
            (b)                                                608
                                                               610
Section 311 (a)                                                613
            (b)                                                613
Section 311 (a)                                                701
                                                               702
            (b)                                                702
            (c)                                                702
Section 313 (a)                                                703
            (b)                                                703
            (c)                                                703
            (d)                                                703
Section 314 (a)                                                704
            (a)(4)                                             101
                                                               1004
            (b)                                                Not Applicable
            (c)(1)                                             102
            (c)(2)                                             102
            (c)(3)                                             Not Applicable
            (d)                                                Not Applicable
            (e)                                                102
Section 315 (a)                                                601
            (b)                                                602
            (c)                                                601
            (d)                                                601
            (e)                                                514
Section 316 (a)                                                101
            (a)(1)(A)                                          502
                                                               512
            (a)(1)(B)                                          513
            (a)(2)                                             Not Applicable
            (b)                                                508
            (c)                                                104
                                                               501
                                                               502
                                                               512
Section 317 (a)(1)                                             503
            (a)(2)                                             504
            (b)                                                1003
Section 318 (a)                                                107
</TABLE>

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

                                        i

<PAGE>

                                     PARTIES

     INDENTURE, dated as of July 15, 1993, between Dole Food Company, Inc., a
corporation duly organized and existing under the laws of the State of Hawaii
(herein called the "Company"), having its principal office at 31355 Oak Crest
Drive, Westlake Village, California 91361, and Chemical Trust Company of
California, a corporation duly organized and existing under the laws of the
State of California, as Trustee (herein called the "Trustee").

                             RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its unsecured
debentures, notes or other evidences of indebtedness (herein called the
"Securities"), to be issued in one or more series as in this Indenture provided.

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

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     For and in consideration of the premises and the purchase of the Securities
by the Holders thereof, it is mutually agreed, for the equal and proportionate
benefit of all Holders of the Securities or of any series thereof, as follows:

                                   ARTICLE ONE

             DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     SECTION 101. DEFINITIONS.

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

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

          (2) all other terms used herein which are defined in the Trust
     Indenture Act, 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, except as otherwise herein expressly provided, the term
     "generally accepted accounting principles" with respect to any computation
     required or permitted hereunder shall mean such accounting principles as
     are generally accepted at the date of such computation;

          (4) the words "Article" and "Section" refer to an Article and Section,
     respectively, of this Indenture; and

          (5) 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.

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

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

                                        1

<PAGE>

     "Authenticating Agent" means any Person authorized by the Trustee pursuant
to Section 614 to act on behalf of the Trustee to authenticate Securities of one
or more series.

     "Authorized Newspaper" means a newspaper, in an official language of the
place of publication or in the English language, customarily published on each
day that is a Business Day in the place of publication, and of general
circulation in each place in connection with which the term is used or in the
financial community of each such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be
made in the same or in different newspapers in the same city meeting the
foregoing requirements and in each case on any day that is a Business Day in the
place of publication.

     "Bearer Security" means any Security in the form established pursuant to
Section 201 which is payable to bearer.

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

     "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.

     "Business Day", when used with respect to any Place of Payment, means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment- are authorized or obligated by
law or executive order to close or such other day as provided in or pursuant to
an Officers' Certificate or supplemental indenture referred to in Section 301.

     "Commission" means the Securities and Exchange Commission, as from time to
time constituted, created under the Exchange Act 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 at such time.

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

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

     "Corporate Trust Office" means the principal office of the Trustee at which
at any particular time its corporate trust business shall be administered.

     "Corporation" means a corporation, association, company, joint-stock
company or business trust.

     "Coupon" means any interest coupon appertaining to a Bearer Security.

     "Covenant Defeasance" has the meaning specified in Section 1303.

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

     "Defeasance" has the meaning specified in Section 1302.

     "Defeasible Series" has the meaning specified in Section 1301.

     "Depositary" means, with respect to Securities of any series issuable in
whole or in part in the form of one or more Global Securities, a clearing agency
registered under the Exchange Act that is designated to act as Depositary for
such Securities as contemplated by Section 301.

                                        2

<PAGE>

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

     "Exchange Act" means the Securities Exchange Act of 1934, as amended from
time to time, and any statute successor thereto.

     "Global Security" means a Security that evidences all or part of the
Securities of any series and is authenticated and delivered to, and registered
in the name of, the Depositary for such Securities or a nominee thereof.

     "Holder", in the case of any Registered Security, means a Person in whose
name such Security is registered in the Security Register and, in the case of
any Bearer Security, means the bearer thereof and, in the case of any Coupon,
means the bearer thereof.

     "Indenture" means this instrument as originally executed or as it way from
time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof, including, for
all purposes of this instrument, and any such supplemental indenture, the
provisions of the Trust Indenture Act that are deemed to be a part of and govern
this instrument and any such supplemental indenture, respectively. The term
"Indenture" shall also include the terms of particular series of Securities
established as contemplated by Section 301.

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

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

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

     "Officers' Certificate" means a certificate signed by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, and by
the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary,
of the Company, and delivered to the Trustee. One of the officers signing an
Officers' Certificate given pursuant to Section 1004 shall be the principal
executive, financial or accounting officer of the Company.

     "Opinion of Counsel" means a written opinion of counsel, who may be counsel
for the Company, and who shall be acceptable to the Trustee (which acceptance
shall not unreasonably be withheld).

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

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

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

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

          (3) Securities as to which Defeasance has been effected pursuant to
     Section 1302; and

                                        3

<PAGE>

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

provided, however, that in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, (A) the principal
amount of an Original Issue Discount Security that shall be deemed to be
Outstanding shall be the amount of the principal thereof that would be due and
payable as of the date of such determination upon acceleration of the Maturity
thereof to such date pursuant to Section 502, (B) the principal amount of a
Security denominated in one or more foreign currencies or currency units shall
be the U.S. dollar equivalent, determined in the manner provided as contemplated
by Section 301 on the date of original issuance of such Security, of the
principal amount (or, in the case of an Original Issue Discount Security, the
U.S. dollar equivalent on the date of original issuance of such Security of the
amount determined as provided in Clause (A) above) of such Security, and (C)
Securities owned by the Company or any other obligor upon the Securities or any
Subsidiary of the Company or of such other obligor shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee
shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Securities which the Trustee knows to
be so owned shall be so disregarded. Securities so owned which have been pledged
in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee's right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon the
Securities or any Coupon appertaining thereto or any Subsidiary of the Company
or of such other obligor.

     "Paying Agent" means any Person authorized by the Company to pay the
principal of or any premium or interest on any Securities or any Coupon on
behalf of the Company.

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

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

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

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

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

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

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

                                        4

<PAGE>

     "Responsible Officer", when used with respect to the Trustee, means the
chairman or any vice-chairman of the board of directors, the chairman or any
vice-chairman of the executive committee of the board of directors, the chairman
of the trust committee, the president, any vice president, the secretary, any
assistant secretary, the treasurer, any assistant treasurer, the cashier, any
assistant cashier, any trust officer or assistant trust officer, the controller
or any assistant controller or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated
officers 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.

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

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

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

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

     "Subsidiary" means a corporation more than 501 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 which ordinarily
has 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.

     "Trustee" means the Person named as the "Trustee" in the first paragraph of
this instrument until a successor Trustee shall have become such with respect to
one or more series of Securities 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 Securities of any series shall mean
exclusively the Trustee with respect to 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; provided, however, that in
the event the Trust Indenture Act of 1939 is amended after such date, "Trust
Indenture Act" means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended.

     "U.S. Government Obligations" has the meaning specified in Section 1304.

     "Vice President", when used with respect to the Company or the Trustee,
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 102. COMPLIANCE CERTIFICATES AND OPINIONS.

     Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall furnish to the
Trustee such certificates and opinions as may be required under the Trust
Indenture Act. Each such certificate or opinion shall be given in the form of an
Officers' Certificate, if to be given by an officer of the Company, or an
Opinion of Counsel, if to be given by counsel, and shall comply with the
requirements of the Trust Indenture Act and any other requirements set forth in
this Indenture.

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

                                        5

<PAGE>

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

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

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

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

     SECTION 103. FORM OF DOCUMENTS DELIVERED TO TRUSTEE.

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

     Any certificate or opinion of an officer of the Company may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations
with respect to the matters upon which his 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 Indenture, they may, but need not, be consolidated and
form one instrument.

     SECTION 104. ACTS OF HOLDERS; RECORD DATES.

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

                                        6

<PAGE>

Company, if made in the manner provided in this Section. The record of any
meeting of Holders of Securities shall be proved in the manner provided in
Section 1406.

     The fact and date of the execution by any Person of any such instrument or
writing may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such instrument
or writing acknowledged to him the execution thereof. Where such execution is by
a signer acting in a capacity other than his individual capacity, such
certificate or affidavit shall also constitute sufficient proof of his
authority. The fact and date of the execution of any such instrument or writing,
or the authority of the Person executing the same, may also be proved in any
other manner which the Trustee deems sufficient.

     The ownership, principal amount and serial number of Registered Securities
shall be proved by the Security Register.

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

     Any request, demand, authorization, direction, notice, consent, waiver or
other Act of the Holder of any Security shall bind every future Holder of the
same Security and the Holder of every Security 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 Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such
Security.

     The Company may, in the circumstances permitted by the Trust Indenture Act,
set any day as the record date for the purpose of determining the Holders of
Outstanding Registered Securities of any series entitled to give or take any
request, demand, authorization, direction, notice, consent, waiver or other
action or permitted by this Indenture to be given or taken by Holders of
Securities of such series. With regard to any record date set pursuant to this
paragraph, the Holders of Outstanding Registered Securities of the relevant
series on such record date (or their duly appointed agents), and only such
Persons, shall be entitled to give or take the relevant action, whether or not
such Holders remain Holders after such record date. With regard to any action
that may be given or taken hereunder only by Holders of a requisite principal
amount of Outstanding Securities of any series (or their duly appointed agents)
and for which a record date is set pursuant to this paragraph, the Company may,
at its option, set an expiration date after which no such action purported to be
given or taken by any Holder shall be effective hereunder unless given or taken
on or prior to such expiration date by Holders of the requisite principal amount
of Outstanding Registered Securities of such series on such record date (or
their duly appointed agents). On or prior to any expiration date set pursuant to
this paragraph, the Company may, on one or more occasions at its option, extend
such date to any later date. Nothing in this paragraph shall prevent any Holder
(or any duly appointed agent thereof) from

                                        7

<PAGE>

giving or taking, after any expiration date, any action identical to, or, at any
time, contrary to or different from, any action given or taken, or purported to
have been given or taken, hereunder by a Holder on or prior to such date, in
which event the Company-may set a record date in respect thereof pursuant to
this paragraph. Notwithstanding the foregoing or the Trust Indenture Act, the
Company shall not set a record date for, and the provisions of this paragraph
shall not apply with respect to, any action to be given or taken by Holders
pursuant to Sections 501, 502 or 512.

     Without limiting the foregoing, a Holder entitled hereunder to give or take
any action hereunder with regard to any particular Security may do so with
regard to all or any part of the principal amount of such Security or by one or
more duly appointed agents each of which may do so pursuant to such appointment
with regard to all or any different part of such principal amount.

     SECTION 105. NOTICE, ETC., TO TRUSTEE AND COMPANY.

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

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

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

     SECTION 106. NOTICE TO HOLDERS; WAIVER.

     Except as otherwise expressly provided in or pursuant to this Indenture,
where this Indenture provides for notice to Holders of Securities of any event,

          (1) such notice shall be sufficiently given to Holders of Registered
     Securities if in writing and mailed, first-class postage prepaid, to each
     Holder of a Registered Security affected by such event, at 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; and

          (2) such notice shall be sufficiently given to Holders of Bearer
     Securities, if any, if published in an Authorized Newspaper in The City of
     New York and, if such Securities are then listed on any stock exchange
     outside the United States, in an Authorized Newspaper in such city as the
     Company shall advise the Trustee that such stock exchange so requires-, on
     a Business Day at least twice, the first such publication to be not earlier
     than the earliest date and not later than the latest date prescribed for
     the giving of such notice.

     In any case where notice to Holders of Registered Securities is given by
mail, neither the failure to mail such notice, nor any defect in any notice so
mailed, to any particular Holder of a Registered Security shall affect the
sufficiency of such notice with respect to other Holders of Registered
Securities or the sufficiency of any notice to Holders of Bearer Securities
given as provided herein. Any notice which is mailed in the manner herein
provided shall be conclusively presumed to have been duly given or provided. 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 Trustee shall constitute
a sufficient notification for every purpose hereunder.

     In case by reason of the suspension of publication of any Authorized
Newspaper or Authorized Newspapers or by reason of any other cause it shall be
impracticable to publish any notice to Holders

                                        8
<PAGE>

of Bearer Securities as provided above, then such notification to Holders of
Bearer Securities as shall be given with the approval of the Trustee shall
constitute sufficient notice to such Holders for every purpose hereunder.
Neither the failure to give notice by publication to Holders of Bearer
Securities as provided above, nor any defect in any notice so published, shall
affect the sufficiency of any notice mailed to Holders of Registered Securities
as provided above.

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

     SECTION 107. CONFLICT WITH TRUST INDENTURE ACT.

     If any provision hereof limits, qualifies or conflicts with a provision of
the Trust Indenture Act that is required under such Act to be a part of and
govern this Indenture, the latter provision shall control. If any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act
that may be so modified or excluded, the latter provision shall be deemed to
apply to this Indenture as so modified or to be excluded, as the case may be.

     SECTION 108. EFFECT OF HEADINGS AND TABLE OF CONTENTS.

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

     SECTION 109. SUCCESSORS AND ASSIGNS.

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

     SECTION 110. SEPARABILITY CLAUSE.

     In case any provision in this Indenture, any Security or any Coupon 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.

     SECTION 111. BENEFITS OF INDENTURE.

     Nothing in this Indenture, the Securities or any Coupon, express or
implied, shall give to any Person (including any Paying Agent or-Authenticating
Agent appointed pursuant to Section 614), other than the parties hereto and
their successors hereunder and the Holders of Securities or Coupons, any benefit
or any legal or equitable right, remedy or claim under this Indenture.

     SECTION 112. GOVERNING LAW.

     This Indenture, the Securities and any Coupons shall be governed by and
construed in accordance with the law of the State of New York, but without
regard to principles of conflicts of laws.

     SECTION 113. LEGAL HOLIDAYS.

     In any case where any Interest Payment Date, Redemption Date, Repurchase
Date or Stated Maturity of any Security shall not be a Business Day at any Place
of Payment, then (notwithstanding any other provision of this Indenture, any
Security or any Coupon other than a provision of the Security or Coupon which
specifically states that such provision shall apply in lieu of this Section)
payment of interest or principal (and premium, if any) need not be made at such
Place of Payment on such date, but may be made on the next succeeding Business
Day at such Place of Payment with the same force and effect as if made on the
Interest Payment Date, Redemption Date, Repurchase Date,

                                       9

<PAGE>

or at the Stated Maturity, provided that no interest shall accrue for the period
from and after such Interest Payment Date, Redemption Date, Repurchase Date or
Stated Maturity, as the case may be.

                                   ARTICLE TWO

                                 SECURITY FORMS

     SECTION 201. FORMS GENERALLY.

     Each Registered Security, Bearer Security, Coupon and Global Security
issued pursuant to this Indenture shall be in substantially the form established
by or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, shall have such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by or pursuant to this Indenture
or any indenture supplemental hereto and may have such letters, numbers or other
marks of identification and such legends or endorsements placed thereon as may,
consistent herewith, be determined by the officers executing such Security or
Coupon as evidenced by their execution of such Security or Coupon. If the form
of Securities of any series or Coupons is established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be
certified by the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such
Securities. If all of the Securities of any series and Coupons established by
action taken pursuant to a Board Resolution are not to be issued at one time, it
shall not be necessary to deliver a record of such action at the time of
issuance of each Security of such series, but an appropriate record of such
action shall be delivered at or before the time of issuance of the first
Security of such series.

     Unless otherwise provided in or pursuant to this Indenture, the Securities
shall be issuable in registered form without Coupons.

     Definitive Securities and definitive Coupons shall be printed, lithographed
or engraved or produced by an combination of these methods or may be produced in
any other manner, all as determined by the officers of the Company executing
such Securities or Coupons, as evidenced by their execution of such Securities
or Coupons.

     SECTION 202. FORM OF LEGEND FOR GLOBAL SECURITIES.

     Every Global Security authenticated and delivered hereunder shall bear a
legend in substantially the following form:

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR SECURITIES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY
IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED
CIRCUMSTANCES. EVERY SECURITY DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN
EXCHANGE FOR, OR IN LIEU OF, THIS GLOBAL SECURITY SHALL BE A GLOBAL SECURITY
SUBJECT TO THE FOREGOING, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED ABOVE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), 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 IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS TO BE MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY

                                       10

<PAGE>

PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

     SECTION 203. FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION.

     The Trustee's certificates of authentication shall be in substantially the
following form:

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

                                        CHEMICAL TRUST COMPANY OF CALIFORNIA
                                        As Trustee

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

                                       11

<PAGE>

                                  ARTICLE THREE

                                 THE SECURITIES

     SECTION 301. AMOUNT UNLIMITED; ISSUABLE IN SERIES.

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

     The Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution and, subject to Section 303,
set forth, or determined in the manner provided, in an Officers' Certificate, or
established in one or more indentures supplemental hereto, prior to the issuance
of Securities of any series,

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

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

          (3) the Person to whom any interest on a Registered Security of the
     series shall be payable, if other than the Person in whose name that
     Registered Security (or one or more Predecessor Securities) is registered
     at the close of business on the Regular Record Date for such interest;

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

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

          (6) the place or places where the principal of and any premium and
     interest on Securities of the series shall be payable;

          (7) the period or periods within which, the price or prices at which
     and the terms and conditions upon which Securities of the series may be
     redeemed, in whole or in part, at the option of the Company;

          (8) the obligation, if any, of the Company to redeem or purchase
     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 Securities of the series shall be redeemed or purchased, in
     whole or in part, pursuant to such obligation;

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

          (10) the currency, currencies or currency units in which payment of
     the principal of and any premium and interest on any Securities of the
     series shall be payable if other than the currency of the United States of
     America and the manner of determining the equivalent thereof in the
     currency of the United States of America for purposes of the definition of
     "Outstanding" in Section 101;

                                       12

<PAGE>

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

          (12) if the principal of or any premium or interest on any Securities
     of the series is to be payable, at the election of the Company or a Holder
     thereof, in one or more currencies or currency units other than that or
     those in which the Securities are stated to be payable, the currency,
     currencies or currency units in which payment of the principal of and any
     premium and interest on Securities of such series as to which such election
     is made shall be payable, and the periods within which and the terms and
     conditions upon which such election is to be made;

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

          (14) if applicable, that the Securities of the series shall be
     defeasible as provided in Article Thirteen;

          (15) if and as applicable, that the Securities of the series shall be
     issuable in whole or in part in the form of one or more Global Securities
     and, in such case, the Depositary or Depositaries for such Global Security
     or Global Securities and any circumstances other than those set forth in
     Section 305 in which any such Global Security may be transferred to, and
     registered and exchanged for Securities registered in the name of, a Person
     other than the Depositary for such Global Security or a nominee thereof and
     in which any such transfer may be registered;

          (16) the provisions, if any, relating to the conversion or exchange of
     the Securities of any series into Securities of another series or into any
     other debt or equity securities;

          (17) if such Securities are to be issuable other than solely as
     Registered Securities (whether as Bearer Securities or alternatively as
     Bearer Securities or Registered Securities), and if such Securities are to
     be issued as Bearer Securities, whether the Bearer Securities are to be
     issuable with Coupons, without Coupons or both, and any restrictions
     applicable to the offer, sale or delivery of the Bearer Securities and the
     terms, if any, upon which Bearer Securities may be exchanged for Registered
     Securities and vice versa and the date as of which any such Bearer Security
     shall be dated (if other than its date of authentication);

          (18) any deletions from, modifications of or additions to the Events
     of Default or covenants of the Company with respect to Securities of any
     series, whether or not such Events of Default or covenants are consistent
     with the Events of Default or covenants set forth herein;

          (19) the identity of the Trustee for the Securities of the series, and
     the identity of each Paying Agent and Securities Registrar for the
     Securities of the series; and

          (20) any other terms of the series (which terms shall not be
     inconsistent with the provisions of this Indenture, except as permitted by
     Section 901(5)).

     All Securities of any one series and all Coupons, if any, appertaining to
Bearer Securities of such series shall be substantially identical except as to
denomination and except as may otherwise be provided in or pursuant to the Board
Resolution referred to above and (subject to Section 303) set forth, or
determined in the manner provided, in the Officers' Certificate referred to
above or in any such indenture supplemental hereto.

     If any of the terms of the series 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.

                                       13

<PAGE>

     SECTION 302. DENOMINATIONS.

     In the absence of any specified denomination with respect to the Securities
of any series, the Securities of such series shall be issuable in denominations
of $1,000 and any integral multiple thereof.

     SECTION 303. EXECUTION, AUTHENTICATION, DELIVERY AND DATING.

     The Securities shall be executed on behalf of the Company by its Chairman
of the Board, its Vice Chairman of the Board, its President or one of its Vice
Presidents, under its corporate seal reproduced thereon attested by its
Secretary or one of its Assistant Secretaries. Coupons shall be executed on
behalf of the Company by its Treasurer or any Assistant Treasurer. The signature
of any of these officers on the Securities or any Coupon may be manual or
facsimile.

     Securities and any Coupons appertaining thereto 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 Securities or did not hold such offices at the date of such
Securities.

     At any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series, together with
Coupons appertaining thereto, executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and
delivery of such Securities, and the Trustee in accordance with the Company
Order shall authenticate and deliver such Securities. If the form or terms of
the Securities of the series and any Coupons appertaining thereto have been
established in or pursuant to one or more Board Resolutions as permitted by
Sections 201 and 301, in authenticating such Securities, and accepting the
additional responsibilities under this Indenture in relation to such Securities
and any Coupons appertaining thereto, the Trustee shall be entitled to receive,
and (subject to Section 601) shall be fully protected in relying upon, an
Opinion of Counsel stating,

          (1) if the form of such Securities and Coupons, if any, have been
     established by or pursuant to Board Resolution as permitted by Section 201,
     that such form or forms have been established in conformity with the
     provisions of this Indenture;

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

          (3) that such Securities and Coupons, if any, when authenticated and
     delivered by the Trustee and issued by the Company in the manner and
     subject to any conditions specified in such Opinion of Counsel, will
     constitute valid and legally binding obligations of the Company enforceable
     in accordance with their terms, subject to bankruptcy, insolvency,
     fraudulent transfer, reorganization, moratorium and similar laws of general
     applicability relating to or affecting creditors' rights and to general
     equity principles.

If such form or terms have been so established, the Trustee shall not be
required to authenticate such Securities if the issue of such Securities
pursuant to this Indenture will affect the Trustee's own rights, duties or
immunities under the Securities and this Indenture or otherwise in a manner
which is not reasonably acceptable to the Trustee.

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

                                       14

<PAGE>

     Each Registered Security shall be dated the date of its authentication.
Each Bearer Security shall be dated as of the date specified pursuant to Section
301.

     No Security or Coupon shall be entitled to any benefit under this Indenture
or be valid or obligatory for any purpose unless there appears on such Security
a certificate of authentication substantially in the form provided for herein
executed by the Trustee by manual signature, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security
has been duly authenticated and delivered hereunder. Except as permitted by
Section 306 or 307, the Trustee shall not authenticate and deliver any Bearer
Security unless all Coupons appertaining thereto then matured have been detached
and cancelled. Notwithstanding the foregoing, if any Security shall have been
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company shall deliver such Security to the Trustee for cancellation as
provided in Section 309, for all purposes of this Indenture such Security shall
be deemed never to have been authenticated and delivered hereunder and shall
never be entitled to the benefits of this Indenture.

     SECTION 304. TEMPORARY SECURITIES.

     Pending the preparation of definitive Securities of any series, the Company
may execute, and upon Company Order the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed
or otherwise produced, in any authorized denomination, substantially of the
tenor of the definitive Securities in lieu of which they are issued, in
registered form or, if authorized in or pursuant to this Indenture, in bearer
form with one or more Coupons or without Coupons and with such appropriate
insertions, Omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such
Securities.

     Every temporary Security shall be executed by the Company and authenticated
by the Trustee and registered by the Security Registrar, upon the same
conditions, and with like effect, as a definitive Security.

     If temporary Securities of any series are issued, the Company will cause
definitive Securities of that series to be prepared without unreasonable delay.
After the preparation of definitive Securities of such series, the temporary
Securities of such series shall be exchangeable for definitive Securities of
such series upon surrender of the temporary Securities of such series at the
office or agency of the Company in a Place of Payment for that series, without
charge to the Holder. Upon surrender for cancellation of any one or more
temporary Securities of any series (accompanied by any unmatured Coupons
appertaining thereto), the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities
of the same series, of any authorized denominations and of a like aggregate
principal amount and tenor; provided, however, that no definitive Bearer
Security, except as provided in or pursuant to this Indenture, shall be
delivered in exchange for a temporary Registered Security; and provided further
that a definitive Bearer Security shall be delivered in exchange for a temporary
Bearer Security only in compliance with the conditions set forth in or pursuant
to this Indenture. Until so exchanged the temporary Securities of any series
shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities of such series and tenor.

     SECTION 305. REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE.

     The Company shall cause to be kept at the Corporate Trust Office of the
Trustee a register (the register maintained in such office and in any other
office or agency of the Company in a Place of Payment being herein sometimes
collectively 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 Securities and of transfers of Registered Securities. The
Trustee is hereby appointed "Security Registrar" for the purpose of registering
Registered Securities and transfers of Registered Securities as herein provided.

                                       15

<PAGE>

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

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

     If provided in or pursuant to this Indenture, with respect to Securities of
any series, at the option of the Holder, Registered Securities of such series
may be exchanged for Registered Securities of such series containing identical
terms, denominated as authorized in or pursuant to this Indenture and in the
same aggregate principal amount, upon surrender of the Bearer Securities to be
exchanged at any office or agency in a Place of Payment for such series, with
all unmatured Coupons and all matured Coupons in default thereto appertaining.
If the Holder of a Bearer Security is unable to produce any such unmatured
Coupon or Coupons or matured Coupon or Coupons in default, such exchange may be
effected if the Bearer Securities are accompanied by payment in funds acceptable
to the Company and the Trustee in an amount equal to the face amount of such
missing Coupon or Coupons, or the surrender of such missing Coupon or Coupons
may be waived by the Company and the Trustee if there is furnished to them such
security or indemnity as they may require to save each of them and any Paying
Agent harmless. If thereafter the Holder of such Bearer Security shall surrender
to any Paying Agent any such missing Coupon in respect of which such a payment
shall have been made, such Holder shall be entitled to receive the amount of
such payment; provided, however, that, except as otherwise provided in Section
1002, interest represented by Coupons shall be payable only upon presentation
and surrender of those Coupons at an office or agency in a Place of Payment for
such series located outside the United States. Notwithstanding the foregoing, in
case a Bearer Security is surrendered at any such office or agency in a Place of
Payment for such series in exchange for a Registered Security of such series and
like tenor after the close of business at such office or agency on (i) any
Regular Record Date, or (ii) any Special Record Date and before the opening of
business at such office or agency on the related date for payment of Defaulted
Interest, such Bearer Security shall be surrendered without the Coupon relating
to such Interest Payment Date or proposed date of payment, as the case may be
(or, if such Coupon is so surrendered with such Bearer Security, such Coupon
shall be returned to the Person so surrendering the Bearer Security), and
interest or Defaulted Interest, as the case may be, shall not be payable on such
Interest Payment Date or proposed date for payment, as the case may be, in
respect of the Registered Security issued in exchange for such Bearer Security,
but shall be payable only to the Holder of such Coupon when due in accordance
with the provisions of this Indenture.

     If provided in or pursuant to this Indenture with respect to Securities of
any series, at the option of the Holder, Registered Securities of such series
may be exchanged for Bearer Securities upon such terms and conditions as may be
provided in or pursuant to this Indenture with respect to such series.

     Whenever any Securities are surrendered for exchange as contemplated by the
immediately preceding two paragraphs, the Company shall execute, and the Trustee
shall authenticate and deliver, the Securities which the Holder making the
exchange is entitled to receive.

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

                                       16

<PAGE>

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

     No service charge shall be made for any registration of transfer or
exchange of 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 registration of transfer or exchange of Securities, other than
exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.

     The Company shall not be required (1) to issue, register the transfer of or
exchange Securities of any series during a period beginning at the opening of
business 15 days before the day of the mailing of a notice of redemption of
Securities of that series selected for redemption under Section 1103 and ending
at the close of business on the day of such mailing, or (2) to register the
transfer or exchange of any Registered Security so selected for redemption in
whole or in part, except the unredeemed portion of any Security being redeemed
in part or (3) to exchange any Bearer Security so selected for redemption
except, to the extent provided with respect to such Bearer Security, that such
Bearer Security may be exchanged for a Registered Security of like tenor and the
same series, provided that such Registered Security shall be immediately
surrendered for redemption with written instructions for payment consistent with
the provisions of this Indenture.

     Notwithstanding any other provision in this Indenture, no Global Security
may be transferred to, or registered or exchanged for Securities registered in
the name of, any Person other than the Depositary for such Global Security or
any nominee thereof, and no such transfer may be registered, unless (1) such
Depositary (A) notifies the Company that it is unwilling or unable to continue
as Depositary for such Global Security or (B) ceases to be a clearing agency
registered under the Exchange Act, (2) the Company executes and delivers to the
Trustee a Company Order that such Global Security shall be so transferable,
registrable and exchangeable, and such transfers shall be registrable, (3) there
shall have occurred and be continuing an Event of Default with respect to the
Securities evidenced by such Global Security or (4) there shall exist such other
circumstances, if any, as have been specified for this purpose as contemplated
by Section 301. Notwithstanding any other provision in this Indenture, a Global
Security to which the restriction set forth in the preceding sentence shall have
ceased to apply may be transferred only to, and may be registered and exchanged
for Securities registered only in the name or names of, such Person or Persons
as the Depositary for such Global Security shall have directed and no transfer
thereof other than such a transfer may be registered.

     Every Security authenticated and delivered upon registration of transfer
of, or in exchange for or in lieu of, a Global Security to which the restriction
set forth in the first sentence of the preceding paragraph shall apply, whether
pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be
authenticated, registered and delivered in the form of, and shall be, a Global
Security.

     SECTION 306. MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES.

     If any mutilated Security or a Security with a mutilated Coupon
appertaining to it is surrendered to the Trustee, the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a new Security
of the same series and of like tenor and principal amount and bearing a number
not contemporaneously outstanding, with Coupons appertaining thereto
corresponding to the Coupons, if any, appertaining to the surrendered Security.

     If there shall be delivered to the Company and the Trustee (i) evidence to
their satisfaction of the destruction, loss or theft of any Security or Coupon
and (ii) such security or indemnity as may be required by them to save each of
them and any agent of either of them harmless, then, in the absence of notice to
the Company or the Trustee that such Security or Coupon has been acquired by a
bona

                                       17

<PAGE>

fide purchaser, the Company shall execute and the Trustee shall authenticate and
deliver, in lieu of any such destroyed, lost or stolen Security or in exchange
for the Security to which a destroyed, lost or stolen Coupon appertains with all
appurtenant Coupons not destroyed, lost or stolen, a new Security of the same
series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding, with Coupons corresponding to the Coupons, if
any, appertaining to such destroyed, lost or stolen Security or to the Security
to which such destroyed, lost or stolen Coupon appertains.

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

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

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

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

     SECTION 307. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED.

     Except as otherwise provided as contemplated by Section 301 with respect to
any series of Securities, interest on any Registered Security which is payable,
and is punctually paid or duly provided for, on any Interest Payment Date shall
be paid to the Person in whose name that Registered Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest. Except as otherwise provided as contemplated by
Section 301 with respect to any series of Securities, in case a Bearer Security
is surrendered in exchange for a Registered Security after the close of business
(at an office or agency at a Place of Payment for such Security) on any Regular
Record Date therefor and before the opening of business (at such office or
agency) on the next succeeding Interest Payment Date therefor, such Bearer
Security shall be surrendered without the Coupon relating to such Interest
Payment Date and interest shall not be payable on such Interest Payment Date in
respect of the Registered Security issued in exchange for such Bearer Security,
but shall be payable only to the Holder of such Coupon when due in accordance
with the provisions of this Indenture.

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

          (1) The Company may elect to make payment of any Defaulted Interest to
     the Persons in whose names the Registered Securities of such series (or
     their respective Predecessor Securities) are registered at the close of
     business on a Special Record Date for the payment of such Defaulted
     Interest, which shall be fixed in the following manner. The Company shall
     notify the Trustee in writing of the amount of Defaulted Interest proposed
     to be paid on each Registered Security of such series and the date of the
     proposed payment, and at the same time the Company

                                       18

<PAGE>

     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. Thereupon the Trustee shall fix a Special Record Date
     for the payment of such Defaulted Interest which shall be not more than 15
     days and not less than 10 days prior to the date of the proposed payment
     and not less than 10 days after the receipt by the Trustee of the notice of
     the proposed payment. The Trustee shall promptly notify the Company of such
     Special Record Date and, in the name and at the expense of the Company,
     shall cause notice of the proposed payment of such Defaulted Interest and
     the Special Record Date therefor to be mailed, first-class postage prepaid,
     to each Holder of Registered Securities of such series at his address as it
     appears in the Security Register, not less than 10 days prior to such
     Special Record Date. Notice of the proposed payment of such Defaulted
     Interest and the Special Record Date therefor having been so mailed, such
     Defaulted Interest shall be paid to the Persons in whose names the
     Registered Securities of such series (or their respective Predecessor
     Securities) are registered at the close of business on such Special Record
     Date and shall no longer be payable pursuant to the following Clause (2).
     In case a Bearer Security is surrendered at the office or agency at a Place
     of Payment for such Security in exchange for a Registered Security after
     the close of business at such office or agency on any Special Record Date
     and before the opening of business at such office or agency on the related
     proposed date for payment of Defaulted Interest, such Bearer Security shall
     be surrendered without the Coupon relating to such proposed date of payment
     and Defaulted Interest shall not be payable on such proposed date of
     payment in respect of the Registered Security issued in exchange for such
     Bearer Security, but shall be payable only to the Holder of such Coupon
     when due in accordance with the provisions of this Indenture.

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

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

     SECTION 308. PERSONS DEEMED OWNERS.

     Prior to due presentment of a Registered Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name such Registered Security is registered as the
owner of such Security for the purpose of receiving payment of principal of and
any premium and (except as contemplated by Section 301(3) and subject to Section
307) any interest on such Security and for all other purposes whatsoever,
whether or not such Security be overdue, and neither the Company, the Trustee
nor any agent of the Company or the Trustee shall be affected by notice to the
contrary.

     The Company, the Trustee and any agent of the Company or the Trustee may
treat the bearer of any Bearer Security or the bearer of any Coupon as the
absolute owner of such Security or Coupon for the purpose of receiving payment
thereof or on account thereof and for all other purposes whatsoever, whether or
not any payment with respect to such Security or Coupon shall be overdue, and
neither the Company, nor the Trustee or 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

                                       19

<PAGE>

beneficial ownership interests of a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership
interests.

     SECTION 309. CANCELLATION.

     All Securities and Coupons surrendered for payment, redemption,
registration of transfer or exchange or for credit against any sinking fund
payment 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 Securities previously
authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and may deliver to the Trustee (or to any other Person for
delivery to the Trustee) for cancellation any Securities previously
authenticated hereunder which the Company has not issued and sold, and all
Securities so delivered shall be promptly cancelled by the Trustee. No
Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section, except as expressly permitted by this
Indenture. All cancelled Securities and Coupons held by the Trustee shall be
disposed of as directed by a Company Order.

     SECTION 310. COMPUTATION OF INTEREST.

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

                                  ARTICLE FOUR

                           SATISFACTION AND DISCHARGE

     SECTION 401. SATISFACTION AND DISCHARGE OF INDENTURE.

     This Indenture shall upon Company Request cease to be of further effect
(except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for), and the Trustee, at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture, when

     (1) either

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

          (B) all such Securities and, in the case of (i) and (ii) below, any
     Coupons appertaining thereto not theretofore delivered to the Trustee for
     cancellation

               (i) have become due and payable, or

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

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

                                       20

<PAGE>

          and the Company, in the case of (i), (ii) or (iii) above, has
          deposited or caused to be deposited with the Trustee as trust funds in
          trust for the purpose an amount sufficient to pay and discharge the
          entire indebtedness on such Securities and any Coupons appertaining
          thereto not theretofore delivered to the Trustee for cancellation, for
          principal and any premium and interest to the date of such deposit (in
          the case of Securities which have become due and payable) or to the
          Stated Maturity or Redemption Date, as the case may be;

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

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

     Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 607, the obligations of
the Trustee to any Authenticating Agent under Section 614 and, if money shall
have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of
this Section, the obligations of the Trustee under Section 402 and the last
paragraph of Section 1003 shall survive.

     SECTION 402. APPLICATION OF TRUST MONEY.

     Subject to provisions of the last paragraph of Section 1003, all money
deposited with the Trustee pursuant to Section 401 shall be held in trust and
applied by it, in accordance with the provisions of the Securities and this
Indenture, to the payment, either directly or through any Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal and any premium and
interest for whose payment such money has been deposited with the Trustee.

                                       21

<PAGE>

                                  ARTICLE FIVE

                                    REMEDIES

     SECTION 501. EVENTS OF DEFAULT.

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

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

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

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

     (4) default in the performance, or breach, of any covenant or warranty of
the Company in this Indenture (other than a covenant or warranty a default in
whose performance or whose breach is elsewhere in this Section specifically
dealt with or which has expressly been included in this Indenture solely for the
benefit of series of Securities other than that series), and continuance of such
default or breach for a period of 60 days after there has been given, by
registered or certified mail, to the Company by the Trustee or to the Company
and the Trustee by the Holders of at least 25% in principal amount of the
Outstanding Securities of that series a written notice specifying such default
or breach and requiring it to be remedied and stating that such notice is a
"Notice of Default" hereunder; or

     (5) a default under any bond, debenture, note or other evidence of
indebtedness for money borrowed by the Company or any Restricted Subsidiary
(including a default with respect to Securities of any series other than that
series) in an individual principal amount outstanding of at least $25,000,000 or
under any mortgage, indenture or instrument under which there may be issued or
by which there may be secured or evidenced any indebtedness for money borrowed
by the Company or any Restricted Subsidiary (including this Indenture) in an
individual principal amount outstanding of at least $25,000,000, whether such
indebtedness now exists or shall hereafter be created, which default shall have
resulted in such indebtedness becoming or being declared due and payable prior
to the date on which it would otherwise have become due and payable, without
such acceleration having teen rescinded or annulled, within a period of 10
business days after there shall have been given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the Outstanding Securities of
that series a written notice specifying such default and requiring the Company
to cause such acceleration to be rescinded or annulled and stating that such
notice is a "Notice of Default" hereunder; provided, however, that, subject to
the provisions of Sections 601 and 602, the Trustee shall not be deemed to have
knowledge of such default unless either (A) a Responsible Officer of the Trustee
shall have actual knowledge of such default or (B) the Trustee shall have
received written notice thereof from the Company, from any Holder, from the
holder of any such indebtedness or from the trustee under any such mortgage,
indenture or other instrument; or

     (6) the entry by a court having jurisdiction in the premises of (A) a
decree or order for relief in respect of the Company in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency,
reorganization or other similar law or (B) a decree or order adjudging the
Company a bankrupt or insolvent, or approving as properly filed a petition
seeking

                                       22

<PAGE>

reorganization, arrangement, adjustment or composition of or in respect of the
Company under any applicable Federal or State law, or appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official
of the Company or of any substantial part of its property, or ordering the
winding up or liquidation of its affairs, and the continuance of any such decree
or order for relief or any such other decree or order unstayed and in effect for
a period of 60 consecutive days; or

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

     (8) any other Event of Default provided with respect to Securities of that
series.

     Upon receipt by the Trustee of any Notice of Default pursuant to this
Section 501 with respect to Securities of any series, a record date shall
automatically and without any other action by any Person be set for the purpose
of determining the Holders of Outstanding Securities of such series entitled to
join in such Notice of Default, which record date shall be the close of business
on the day the Trustee receives such Notice of Default. The Holders of
Outstanding Securities of such series on such record date (or their duly
appointed agents), and only such Persons, shall be entitled to join in such
Notice of Default, whether or not such Holders remain Holders after such record
date; provided that, unless such Notice of Default shall have become effective
by virtue of Holders of the requisite principal amount of Outstanding Securities
of such series on such record date (or their duly appointed agents) having
joined therein on or prior to the 90th day after such record date, such Notice
of Default shall automatically and without any action by any Person be cancelled
and of no further effect. Nothing in this paragraph shall prevent a Holder (or a
duly appointed agent thereof) from giving, before or after the expiration of
such 90-day period, a Notice of Default contrary to or different from, or, after
the expiration of such period, identical to, a Notice of Default that has been
cancelled pursuant to the proviso to the preceding sentence, in which event a
new record date in respect thereof shall be set pursuant to this paragraph.

     SECTION 502. ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT.

     If an Event of Default with respect to Securities of any series at the time
Outstanding occurs and is continuing, then in every such case the Trustee or the
Holders of not less than 25% in principal amount of the Outstanding Securities
of that series may declare the principal amount (or, if any of the Securities of
that series are Original Issue Discount Securities, such portion of the
principal amount of such Securities as may be specified in the terms thereof) of
all of the Securities of that series to be due and payable immediately, by a
notice in writing to the Company (and to the Trustee if given by Holders), and
upon any such declaration such principal amount (or specified amount) shall
become immediately due and payable.

     At any time after such a declaration of acceleration with respect to
Securities of any series has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this
Article provided, the Holders of a majority in principal amount of the

                                       23

<PAGE>

Outstanding Securities of that series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if

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

               (A) all overdue interest on all Securities of that series and any
          Coupons appertaining thereto,

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

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

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

     and

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

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

     Upon receipt by the Trustee of any declaration of acceleration, or any
rescission and annulment of any such declaration, pursuant to this Section 502
with respect to Securities of any series, a record date shall automatically and
without any other action by any Person be set for the purpose of determining the
Holders of Outstanding Securities of such series entitled to join in such
declaration, or rescission and annulment, as the case may be, which record date
shall be the close of business on the day the Trustee receives such declaration,
or rescission and annulment, as the case may be. The Holders of Outstanding
Securities of such series on such record date (or their duly appointed agents),
and only such Persons, shall be entitled to join in such declaration, or
rescission and annulment, as the case may be, whether or not such Holders remain
Holders after such record date; provided that, unless such declaration, or
rescission an annulment, as the case may be, shall have become effective by
virtue of Holders of the requisite principal amount of Outstanding Securities of
such series on such record date (or their duly appointed agents) having joined
therein on or prior to the 90th day after such record date, such declaration, or
rescission and annulment, as the case may be, shall automatically and without
any action by any Person be cancelled and of no further effect. Nothing in this
paragraph shall prevent a Holder (or a duly appointed agent thereof) from
giving, before or after the expiration of such 90-day period, a declaration of
acceleration, or a rescission and annulment of any such declaration, contrary to
or different from, or, after the expiration of such period, identical to, a
declaration, or rescission and annulment, as the case may be, that has been
cancelled pursuant to the proviso to the preceding sentence, in which event a
new record date in respect thereof shall be set pursuant to this paragraph.

     SECTION 503. COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY
TRUSTEE.

     The Company covenants that if

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

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

                                       24

<PAGE>

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

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

     SECTION 504. TRUSTEE MAY FILE PROOFS OF CLAIM.

     In case of any judicial proceeding relative to the Company (or any other
obligor upon the Securities or any Coupons appertaining thereto), its property
or its creditors, the Trustee shall be entitled and empowered, by intervention
in such proceeding or otherwise, to take any and all actions authorized under
the Trust Indenture Act in order to have claims of the Holders and the Trustee
allowed in any such proceeding. In particular, the Trustee shall be authorized
to collect and receive any moneys or other property payable or deliverable on
any such claims and to distribute the same; and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Holder to make such
payments to the Trustee and, in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any
amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 607.

     No provision of this Indenture shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
or any Coupon or the rights of any Holder thereof or to authorize the Trustee to
vote in respect of the claim of any Holder in any such proceeding; provided,
however, that the Trustee may, on behalf of the Holders, vote for the election
of a trustee in bankruptcy or similar official and be a member of a creditors'
or other similar committee.

     SECTION 505. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES.

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

     SECTION 506. APPLICATION OF MONEY COLLECTED.

     Any money collected by the Trustee pursuant to this Article shall be
applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of

                                       25

<PAGE>

such money on account of principal or any premium or interest, upon presentation
of the Securities or Coupons, on both, as the case may be, and the notation
thereon of the payment if only partially paid and upon surrender thereof if
fully paid:

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

     SECOND: To the payment of the amounts then due and unpaid for principal of
and any premium and interest on the Securities and any Coupon in respect of
which or for the benefit of which such money has been collected, ratably,
without preference or priority of any kind, according to the amounts due and
payable on such Securities and Coupons for principal and any premium and
interest, respectively.

     SECTION 507. LIMITATION ON SUITS.

     No Holder of any Security of any series or any Coupons appertaining thereto
shall have any right to institute any proceeding, judicial or otherwise, with
respect to this Indenture, or for the appointment of a receiver or trustee, or
for any other remedy hereunder, unless

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

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

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

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

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

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

     SECTION 508. UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM
AND INTEREST.

     Notwithstanding any other provision in this Indenture, the Holder of any
Security or Coupon shall have the right, which is absolute and unconditional, to
receive payment of the principal of and any premium and (except as contemplated
by Section 301(3) and subject to Section 307) interest on such Security or
payment of such Coupon, as the case may be, on the respective Stated Maturities
expressed in such Security or Coupon (or, in the case of redemption, on the
Redemption Date) and to institute suit for the enforcement of any such payment,
and such rights shall not be impaired without the consent of such Holder.

     SECTION 509. RESTORATION OF RIGHTS AND REMEDIES.

     If the Trustee or any Holder has instituted any proceeding to enforce any
right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or
to such Holder, then and in every such case, subject to any determination in
such proceeding, the Company, the Trustee and the Holders shall be restored

                                       26

<PAGE>

severally and respectively to their former positions hereunder and thereafter
all rights and remedies of the Trustee and the Holders shall continue as though
no such proceeding had been instituted.

     SECTION 510. RIGHTS AND REMEDIES CUMULATIVE.

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

     SECTION 511. DELAY OR OMISSION NOT WAIVER.

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

     SECTION 512. CONTROL BY HOLDERS.

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

          (l) such direction shall not be in conflict with any rule of law or
     with this Indenture, and

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

     Upon receipt by the Trustee of any such direction with respect to
Securities of any series, a record date shall automatically and without any
other action by any Person be set for determining the Holders of Outstanding
Securities of such series entitled to join in such direction, which record date
shall be the close of business on the day the Trustee receives such direction.
The Holders of Outstanding Securities of such series on such record date (or
their duly appointed agents), and only such Persons, shall be entitled to join
in such direction, whether or not such Holders remain Holders after such record
date; provided that, unless such direction shall have become effective by virtue
of Holders of the requisite principal amount of Outstanding Securities of such
series on such record date (or their duly appointed agents having joined therein
on or prior to the 90th day after such record date, such direction shall
automatically and without any action by any Person be cancelled and of no
further effect. Nothing in this paragraph shall prevent a Holder (or a duly
appointed agent thereof) from giving, before or after the expiration of such
90-day period, a direction contrary to or different from, or, after the
expiration of such period, identical to, a direction that has been cancelled
pursuant to the proviso to the preceding sentence, in which event a new record
date in respect thereof shall be set pursuant to this paragraph.

     SECTION 513. WAIVER OF PAST DEFAULTS.

     The Holders of not less than a majority in principal amount of the
Outstanding Securities of any series may on behalf of the Holders of all the
Securities of such series waive any past default hereunder with respect to such
series and its consequences, except a default

          (1) in the payment of the principal of or any premium or interest on
     any Security of such series or any Coupons appertaining thereto, or

                                       27

<PAGE>

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

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

     SECTION 514. UNDERTAKING FOR COSTS.

     In any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action taken, suffered or
omitted by it as Trustee, a court may require any party litigant in such suit to
file an undertaking to pay the costs of such suit, and may assess costs against
any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act
shall be deemed to authorize any court to require such an undertaking or to make
such an assessment in any suit instituted by the Company.

     SECTION 515. WAIVER OF USURY, 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 usury, stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and 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 Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.

                                   ARTICLE SIX

                                   THE TRUSTEE

     SECTION 601. CERTAIN DUTIES AND RESPONSIBILITIES.

     The duties, responsibilities, rights, immunities and protection of the
Trustee shall be as provided by the Trust Indenture Act. Prior to any Event of
Default the Trustee shall not be liable except for the performance of such
duties as are specifically set out herein and in the Trust Indenture Act.
Notwithstanding the foregoing, no provision of this Indenture shall require the
Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise
of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it. Whether or not therein expressly
so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section.

     SECTION 602. NOTICE OF DEFAULTS.

     The Trustee shall give notice of any default known to the Trustee with
respect to the Securities of any series when, as and to the extent provided by
the Trust Indenture Act and in the manner provided by Section 106 hereof;
provided, however, that in the case of any default of the character specified in
Section 501(4) with respect to Securities of such series, no such notice to
Holders shall be given until at least 30 days after the default is known to the
Trustee. For the purpose of this Section, the term "default" means any event
which is, or after notice or lapse of time or both would become, an Event of
Default with respect to Securities of such series.

     SECTION 603. CERTAIN RIGHTS OF TRUSTEE.

     Subject to the provisions of Section 601:

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<PAGE>

          (1) the Trustee may 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;

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

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

          (4) the Trustee may consult with counsel and the written 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;

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

          (6) the Trustee shall not be bound to make any investigation into the
     facts or matters stated in any resolution, certificate, statement,
     instrument, opinion, report, notice, request, direction, consent, order,
     bond, debenture, note, other evidence of indebtedness or other paper or
     document, but the Trustee, in its discretion, may make such further inquiry
     or investigation into such facts or matters as it may see fit, and, if the
     Trustee shall determine to make such further inquiry or investigation, it
     shall be entitled to examine the books, records and premises of the
     Company, personally or by agent or attorney upon 10 business days advance
     written notice and during regular business hours; and

          (7) the Trustee may execute any of the trusts or powers hereunder or
     perform any duties hereunder either directly or by or through agents or
     attorneys and the Trustee shall not be responsible for any misconduct or
     negligence on the part of any agent or attorney appointed with due care by
     it hereunder.

     SECTION 604. NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES.

     The recitals contained herein and in the Securities and Coupons, except the
Trustee's certificates of authentication, shall be taken as the statements of
the Company, and the Trustee or any Authenticating Agent assumes no
responsibility for their correctness. The Trustee makes no representations as to
the validity or sufficiency of this Indenture or of the Securities or Coupons.
The Trustee or any Authenticating Agent shall not be accountable for the use or
application by the Company of Securities or the proceeds thereof.

     SECTION 605. MAY HOLD SECURITIES OR COUPONS.

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

                                       29
<PAGE>

     SECTION 606. MONEY HELD IN TRUST.

     Money held by the Trustee, or by any Paying Agent (other than the Company
if the Company shall act as Paying Agent), 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 money received by it hereunder
except as otherwise agreed with the Company.

     SECTION 607. COMPENSATION AND REIMBURSEMENT.

     The Company agrees

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

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

          (3) to indemnify the Trustee for, and to hold it harmless against, any
     loss, liability or expense incurred without negligence or bad faith on its
     part, arising out of or in connection with the acceptance or administration
     of the trust or trusts hereunder or 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.

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

     SECTION 608. DISQUALIFICATION; CONFLICTING INTERESTS.

     If the Trustee has or shall acquire a conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by, and subject to
the provisions of, the Trust Indenture Act and this Indenture and the Company
shall take prompt action to have a successor Trustee appointed in the manner
provided herein.

     SECTION 609. CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

     There shall at all times be one or more Trustees hereunder with respect to
the Securities of each series, at least one of which shall be a Person that (i)
is eligible pursuant to the Trust Indenture Act to act as such, and (ii) has a
combined capital and surplus of at least $50,000,000; provided, however, that if
the Trustee shall be a member of a bank holding company group, such bank holding
company group shall have combined capital and surplus of at least $50,000,000
and the Trustee shall have a combined capital and surplus of at least
$10,000,000. If such Person 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 Person shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of this
Section, it shall resign immediately in the manner and with the effect
hereinafter specified in this Article.

                                       30

<PAGE>

     SECTION 610. RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

     No resignation or removal of the Trustee and no appointment of a successor
Trustee pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable
requirements of Section 611.

     The Trustee may resign at any time with respect to the Securities of one or
more series by giving written notice thereof to the Company. If the instrument
of acceptance by a successor Trustee required by Section 611 shall not have been
delivered to the Trustee within 30 days after the giving of such notice of
resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the
Securities of such series.

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

     If at any time:

          (1) the Trustee shall fail to comply with Section 608 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 Trustee shall cease to be eligible under Section 609 and shall
     fail to resign after written request therefor by the Company or by any such
     Holder, or

          (3) the Trustee shall become incapable of acting or shall be adjudged
     a bankrupt or insolvent or a receiver of the Trustee or of its property
     shall be appointed or any public officer shall take charge or control of
     the Trustee or of its property or affairs for the purpose of
     rehabilitation, conservation or liquidation,

then, in any such case, (A) the Company by a Board Resolution may remove the
Trustee with respect to all securities, or (B) subject to Section 514, 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 Trustee with respect to all
Securities and the appointment of a successor Trustee or Trustees.

     If the Trustee shall resign, be removed or become incapable of acting, or
if a vacancy shall occur in the office of Trustee for any cause, with respect to
the Securities of one or more series, the Company, by a Board Resolution, shall
promptly appoint a successor Trustee or Trustees with respect to the Securities
of that or those series (it being understood that any such successor Trustee may
be appointed with respect to the 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
Securities of any particular series) and shall comply with the applicable
requirements of Section 611. If, within one year after such resignation, removal
or incapability, or the occurrence of such vacancy, a successor Trustee with
respect to the Securities of any Series shall be appointed by Act of the Holders
of a majority in principal amount of the Outstanding Securities of such series
delivered to the Company and the retiring Trustee, the successor Trustee so
appointed shall, forthwith upon its acceptance of such appointment in accordance
with the applicable requirements of Section 611, become the successor Trustee
with respect to the Securities of such series and to that extent supersede the
successor Trustee appointed by the Company. If no successor Trustee with respect
to the Securities of any Series shall have been so appointed by the Company or
the Holders and accepted appointment in the manner required by Section 611, any
Holder who has been a bona fide Holder of a Security of such series 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 Trustee
with respect to the Securities of such series.

                                       31

<PAGE>

     The Company shall give notice of each resignation and each removal of the
Trustee with respect to the Securities of any series and each appointment of a
successor Trustee with respect to the Securities of any series to all Holders of
Securities of such series in the manner provided in Section 106. Each notice
shall include the name of the successor Trustee with respect to the Securities
of such series and the address of its Corporate Trust Office.

     SECTION 611. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

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

     In case of the appointment hereunder of a successor Trustee with respect to
the Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor Trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each
successor Trustee shall accept such appointment and which (1) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which
the appointment of such successor Trustee relates, (2) if the retiring Trustee
is not retiring with respect to all Securities, shall contain such provisions as
shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that
or those series as to which the retiring Trustee is not retiring shall continue
to be vested in the retiring Trustee, and (3) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon
the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates; but, on request of
the Company or any successor Trustee, such retiring Trustee shall duly assign,
transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates.

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

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

     SECTION 612. MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.

     Any corporation into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the

                                       32

<PAGE>

Trustee shall be a party, or any corporation succeeding to all or substantially
all the corporate trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided such corporation 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 Securities
shall have been authenticated, but not delivered, by the Trustee then in office,
any successor by merger, conversion or consolidation to such authenticating
Trustee may adopt such authentication and deliver the Securities so
authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. In the event any Securities shall not have been
authenticated by such predecessor Trustee, any such successor Trustee may
authenticate and deliver such Securities, in either its own name or that of its
predecessor Trustee, with the full force and effect which this Indenture
provides for the certificate of authentication of the Trustee.

     SECTION 613. PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.

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

     SECTION 614. APPOINTMENT OF AUTHENTICATING AGENT.

     The Trustee may appoint an Authenticating Agent or Agents with respect to
one or more series of Securities which shall be authorized to act on behalf of
the Trustee to authenticate Securities of such series issued upon original issue
and upon exchange, registration of transfer or partial redemption thereof or
pursuant to Section 306, and Securities so authenticated shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all
purposes as if authenticated by the Trustee hereunder. Wherever reference is
made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee's certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an
Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be 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 act as Authenticating
Agent, having a combined capital and surplus of not less than $50,000,000 and
subject to supervision or examination by Federal or State authority. If such
Authenticating Agent 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
Authenticating Agent 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 an
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section.

     Any corporation into which an Authenticating Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which such Authenticating Agent
shall be a party, or any corporation succeeding to the corporate agency or
corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further
act on the part of the Trustee or the Authenticating Agent.

     An Authenticating Agent may resign at any time by giving written notice
thereof to the Trustee and to the Company. The Trustee may at any time terminate
the agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall provide notice of

                                       33

<PAGE>

such appointment to the Holders of Securities of the series with respect to
which such Authenticating Agent will serve, in the manner provided in Section
106. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section.

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

     If an appointment with respect to one or more series is made pursuant to
this Section, the Securities of such series may have endorsed thereon, in
addition to the Trustee's certificate of authentication, an alternative
certificate of authentication in the following form:

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

                                        ----------------------------------------
                                        As Trustee

                                        By
                                           -------------------------------------
                                           As Authenticating Agent

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

                                  ARTICLE SEVEN

                HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY

     SECTION 701. COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS.

     The Company will furnish or cause to be furnished to the Trustee

          (1) semi-annually, not more than 15 days after each Regular Record
     Date, a list for each series of Securities, in such form as the Trustee may
     reasonably require, of the names and addresses of the Holders of Securities
     of such series as of such Regular Record Date, and

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

excluding from any such list names and addresses received by the Trustee in its
capacity as Security Registrar.

     SECTION 702. PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS.

     The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 701 and the names and
addresses of Holders received by the Trustee in its capacity as Security
Registrar. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished.

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

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<PAGE>

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

     SECTION 703. REPORTS BY TRUSTEE.

     The Trustee shall transmit to Holders such reports concerning the Trustee
and its actions under this Indenture as may be required pursuant to the Trust
Indenture Act at the times and in the manner provided pursuant thereto.

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

     SECTION 704. REPORTS BY COMPANY.

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

                                  ARTICLE EIGHT

              CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

     SECTION 801. COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS.

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

          (1) in case the Company shall consolidate with or merge into another
     Person or convey, transfer or lease its properties and assets substantially
     as an entirety to any Person, the Person formed by such consolidation or
     into which the Company is merged or the Person which acquires by conveyance
     or transfer, or which leases, the properties and assets of the Company
     substantially as an entirety shall be a corporation, partnership or trust,
     shall be organized and validly existing under the laws of the United States
     of America, any State thereof or the District of Columbia and shall
     expressly assume, by an indenture supplemental hereto, executed and
     delivered to the Trustee, in form satisfactory to the Trustee, the due and
     punctual payment of the principal of and any premium and interest on all
     the Securities and Coupons and the performance or observance of every
     covenant of this Indenture on the part of the Company to be performed or
     observed;

          (2) immediately after giving effect to such transaction and treating
     any indebtedness which becomes an obligation of the Company or any
     Subsidiary as a result of such transaction as having been incurred by the
     Company or such Subsidiary at the time of such transaction, no Event of
     Default, and no event which, after notice or lapse of time or both, would
     become an Event of Default, shall have happened and be continuing;

          (3) if, as a result of any such consolidation or merger or such
     conveyance, transfer or lease, properties or assets of the Company would
     become subject to a mortgage, pledge, lien, security interest or other
     encumbrance which would not be permitted by this Indenture, the Company or

                                       35

<PAGE>

     such successor Person, as the case may be, shall take such steps as shall
     be necessary effectively to secure the Securities equally and ratably with
     (or prior to) all indebtedness secured thereby; and

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

     SECTION 802. SUCCESSOR SUBSTITUTED.

     Upon any consolidation of the Company with, or merger of the Company into,
any other Person or any conveyance, transfer or lease of the properties and
assets of the Company substantially as an entirety in accordance with Section
801, the successor Person formed by such consolidation or into which the Company
is merged or to which such conveyance, transfer or lease is made shall succeed
to, and be substituted for, and may exercise every right and power of, the
Company under this Indenture with the same effect as if such successor Person
had been named as the Company herein, and thereafter, except in the case of a
lease, the predecessor Person shall be relieved of all obligations and covenants
under this Indenture, the Securities and the Coupons.

                                  ARTICLE NINE

                             SUPPLEMENTAL INDENTURES

     SECTION 901. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS.

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

          (1) to evidence the succession of another Person to the Company and
     the assumption by any such successor of the covenants of the Company herein
     and in the Securities; or

          (2) to add to the covenants of the Company for the benefit of the
     Holders of all or any series of Securities (and if such covenants are to be
     for the benefit of less than all series of Securities, stating that such
     covenants are expressly being included solely for the benefit of such
     series) or to surrender any right or power herein conferred upon the
     Company; or

          (3) to add any additional Events of Default; or

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

          (5) to add to, change or eliminate any of the provisions of this
     Indenture in respect of one or more series of Securities, provided that any
     such addition, change or elimination (A) shall neither (i) apply to any
     Security of any series or Coupon appertaining thereto created prior to the
     execution of such supplemental indenture and entitled to the benefit of
     such provision nor (ii) modify the rights of the Holder of any such
     Security or Coupon with respect to such provision or (B) shall become
     effective only when there is no such Security or Coupon Outstanding; or

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

                                       36

<PAGE>

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

          (8) to cure any ambiguity, to correct or supplement any provision
     herein which may be inconsistent with any other provision herein, or to
     make any other provisions with respect to matters or questions arising
     under this Indenture, provided that such action pursuant to this clause (8)
     shall not adversely affect the interests of the Holders of Securities of
     any series (except a series consenting pursuant to Section 902) in any
     material respect.

     SECTION 902. SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS.

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

          (1) change the Stated Maturity of the principal of, or any installment
     of principal of or interest on, any Security, or reduce the principal
     amount thereof or the rate of interest thereon or any premium payable upon
     the redemption thereof, or reduce the amount of the principal of an
     Original Issue Discount Security that would be due and payable upon a
     declaration of acceleration of the Maturity thereof pursuant to Section
     502, or change the coin or currency in which any Security or any premium or
     interest thereon is payable, or impair the right to institute suit for the
     enforcement of any such payment on or after the Stated Maturity thereof
     (or, in the case of redemption, on or after the Redemption Date), or modify
     the provisions of this Indenture with respect to the conversion or exchange
     of the Securities into Securities of another series or into any other debt
     or equity securities in a manner adverse to the Holders, or

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

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

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

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

                                       37

<PAGE>

     SECTION 903. EXECUTION OF SUPPLEMENTAL INDENTURES.

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

     SECTION 904. EFFECT OF SUPPLEMENTAL INDENTURES.

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

     SECTION 905. CONFORMITY WITH TRUST INDENTURE ACT.

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

     SECTION 906. REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES.

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

                                   ARTICLE TEN

                                    COVENANTS

     SECTION 1001. PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.

     The Company covenants and agrees for the benefit of each series of
Securities that it will duly and punctually pay the principal of and any premium
and interest on the Securities of that series in accordance with the terms of
the Securities or any Coupons appertaining thereto and this Indenture. Any
interest due on any Bearer Security or before the maturity thereof shall be
payable only upon presentation and surrender of the Coupons appertaining thereto
for such interest as they severally mature.

     SECTION 1002. MAINTENANCE OF OFFICE OR AGENCY.

     The Company will maintain in each Place of Payment for any series of
Securities an office or agency where Securities of that series (but not Bearer
Securities, except as otherwise provided below, unless such Place of Payment is
located outside the United States) may be presented or surrendered for payment,
where Securities of that series may be surrendered for registration of transfer
or exchange and where notices and demands to or upon the Company in respect of
the Securities of that series and this Indenture may be served. If Securities of
a series are issuable as Bearer Securities, the Company shall maintain, subject
to any laws or regulations applicable thereto, an office or agency in a Place of
Payment for such series which is located outside the United States where
Securities of such series and any Coupons appertaining thereto may be presented
and surrendered for payment. The Company will give prompt written notice to the
Trustee 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

                                       38

<PAGE>

fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust
Office of the Trustee, except that Bearer Securities of such series and any
Coupons appertaining thereto may be presented and surrendered for payment at the
place specified for the purpose with respect to such Securities as provided in
or pursuant to this Indenture, and the Company hereby appoints the Trustee as
its agent to receive all such presentations, surrenders, notices and demands.

     Except as otherwise provided in or pursuant to this Indenture, no payment
of principal, premium or interest with respect to Bearer Securities shall be
made at any office or agency of the Company in the United States or by check
mailed to any address in the United States by transfer to an account maintained
with a bank located in the United States; provided, however, if amounts owing
with respect to any Bearer Securities shall be payable in United States Dollars,
payment of principal of and any premium or interest on any such Security may be
made at the Corporate Trust Office of the Trustee or any office or agency
designated by the Company in the United States, but only if payment of the full
amount of such principal, premium or interest at all offices outside the United
States maintained for such purpose by the Company in accordance with the
Indenture is illegal or effectively precluded by exchange controls or other
similar restrictions.

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

     SECTION 1003. MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST.

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

     Whenever the Company shall have one or more Paying Agents for any series of
Securities and any Coupons appertaining thereto, it will, prior to each due date
of the principal of or any premium or interest on any Securities of that series,
deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be
held as provided by the Trust Indenture Act, and (unless such Paying Agent is
the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act.

     The Company will cause each Paying Agent for any series of Securities other
than the Trustee 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, that such Paying Agent will (1) comply with the provisions of the
Trust Indenture Act applicable to it as a Paying Agent and (2) during the
continuance of any default by the Company (or any other obligor upon the
Securities of that series) in the making of any payment in respect of the
Securities of that series, and upon the written request of the Trustee,
forthwith pay to the Trustee all sums held in trust by such Paying Agent for
payment in respect of the Securities of that series.

     The Company may at any time, for the purpose of obtaining the satisfaction
and discharge of this Indenture or for any other purpose, pay, or by Company
Order direct any Paying Agent to pay, to the Trustee all sums held in trust by
the Company or such Paying Agent, such sums to be held by the Trustee upon the
same trusts as those upon which such sums were held by the Company or such
Paying

                                       39

<PAGE>

Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying
Agent shall be released from all further liability with respect to such money.

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of or any premium or
interest on any Security of any series and remaining unclaimed for two years
after such principal, premium or interest has become due and payable shall be
paid to the Company on Company Request (including interest income accrued on
said funds to which the Company is otherwise entitled), or (if then held by the
Company) shall be discharged from such trust; and the Holder of such Security or
any Coupon appertaining thereto shall thereafter, as an unsecured general
creditor, look only to the Company for payment thereof, and all liability of the
Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in an
Authorized Newspaper in each Place of Payment for such series, notice that such
money remains unclaimed and that, after a date specified therein, which shall
not be less than 30 days from the date of such publication, any unclaimed
balance of such money then remaining will be repaid to the Company.

     SECTION 1004. STATEMENT BY OFFICERS AS TO DEFAULT.

     The Company will deliver to the Trustee, within 120 days after the end of
each fiscal year of the Company ending after the date hereof, an Officers'
Certificate, stating whether or not to the best knowledge of the signers thereof
the Company is in default in the performance and observance of any of the terms,
provisions and conditions of this Indenture (without regard to any period of
grace or requirement of notice provided hereunder) and, if the Company shall be
in default, specifying all such defaults and the nature and status thereof of
which they may have knowledge.

     SECTION 1005. EXISTENCE.

     Subject to Article Eight, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its existence,
rights (charter and statutory) and franchises; provided, however, that the
Company shall not be required to preserve any such right or franchise if the
Board of Directors shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company and that the loss
thereof is not disadvantageous in any material respect to the Holders.

     SECTION 1006. MAINTENANCE OF PROPERTIES.

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

     SECTION 1007. PAYMENT OF TAXES AND OTHER CLAIMS.

     The Company will pay or discharge or cause to be paid or discharged, before
the same shall become delinquent, (1) all taxes, assessments and governmental
charges levied or imposed upon the Company or any Subsidiary or upon the income,
profits or property of the Company or any Subsidiary, and (2) all lawful claims
for labor, materials and supplies which, if unpaid, might by law become a lien
upon the property of the Company or any Subsidiary; provided, however, that the
Company shall not be

                                       40

<PAGE>

required to pay or discharge or cause to be paid or discharged any such tax,
assessment, charge or claim whose amount, applicability or validity is being
contested in good faith by appropriate proceedings.

                                 ARTICLE ELEVEN

                            REDEMPTION OF SECURITIES

     SECTION 1101. APPLICABILITY OF ARTICLE.

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

     SECTION 1102. ELECTION TO REDEEM; NOTICE TO TRUSTEE.

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

     SECTION 1103. SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED.

     If less than all the Securities of any series are to be redeemed (unless
all of the Securities of such series and of a specified tenor are to be
redeemed), the particular Securities to be redeemed shall be selected not more
than 45 days prior to the Redemption Date by the Trustee, from the Outstanding
Securities of such series not previously called for redemption, by such method
as the Trustee shall deem fair and appropriate and which may provide for the
selection for redemption of portions (equal to the minimum authorized
denomination for Registered Securities of that series or any integral multiple
thereof) of the principal amount of Registered Securities of such series of a
denomination larger than the minimum authorized denomination for Registered
Securities of that series. If less than all of the Securities of such series and
of a specified tenor are to be redeemed, the particular Securities to be
redeemed shall be selected not more than 60 days prior to the Redemption Date by
the Trustee, from the Outstanding Securities of such series and specified tenor
not previously called for redemption in accordance with the preceding sentence.

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

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

     SECTION 1104. NOTICE OF REDEMPTION.

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

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<PAGE>

     All notices of redemption shall state:

          (1) the Redemption Date,

          (2) the Redemption Price,

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

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

          (5) the place or places where such Securities, together (in the case
     of Bearer Securities) with all Coupons appertaining thereto, if any,
     maturing after the Redemption Date, are to be surrendered for payment of
     the Redemption Price,

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

          (7) if applicable, the conversion price and the date on which the
     right to convert the Securities to be redeemed will terminate,

          (8) that, unless otherwise specified in such notice, Bearer Securities
     of any series, if any, surrendered for redemption must be accompanied by
     all Coupons maturing subsequent to the date fixed for redemption or the
     amount of any such missing Coupon or Coupons will be deducted from the
     Redemption Price, unless security or indemnity satisfactory to the Company,
     the Trustee and any Paying Agent is furnished,

          (9) if Bearer Securities of any series are to be redeemed and any
     Registered Securities of such series are not being redeemed, and if such
     Bearer Securities may be exchanged for Registered Securities not subject to
     redemption on the Redemption Date pursuant to Section 305 or otherwise, the
     last date, as determined by the Company, on which such exchanges may be
     made, and

          (10) the CUSIP numbers of the Securities to be redeemed.

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

     SECTION 1105. DEPOSIT OF REDEMPTION PRICE.

     Prior to any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 1003) an amount of money
sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date) accrued interest on, all the Securities which
are to be redeemed on that date.

     SECTION 1106. SECURITIES PAYABLE ON REDEMPTION DATE.

     Notice of redemption having been given as aforesaid, the Securities so to
be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the
Company shall default in the payment of the Redemption Price and accrued
interest) such Securities shall cease to bear interest and the Coupons for such
interest appertaining to any Bearer Securities to be redeemed, except as
provided below, shall be void. Upon surrender of any such Security for
redemption in accordance with said notice, together with all Coupons, if any,
appertaining thereto maturing after the Redemption Date, such Security shall be
paid

                                       42

<PAGE>

by the Company at the Redemption Price, together with accrued interest on
Registered Securities to the Redemption Date; provided, however, that, unless
otherwise specified as contemplated by Section 301, installments of interest
whose Stated Maturity is on or prior to the Redemption Date shall be payable to
the Holders of such Securities, or one or more Predecessor Securities,
registered as such at the close of business on the relevant Record Dates
according to their terms and the provisions of Section 307 and provided,
further, that installments of interest on Bearer Securities whose Stated
Maturity is on or prior to the Redemption Date shall be payable only upon
presentation and surrender of Coupons for such interest at an office or agency
located outside of the United States except as otherwise provided in Section
1002.

     If any Bearer Security surrendered for redemption shall not be accompanied
by all appurtenant Coupons maturing after the Redemption Date, such Security may
be paid after deducting from the Redemption Price an amount equal to the face
amount of all such missing Coupons, or the surrender of such missing Coupon or
Coupons may be waived by the Company and the Trustee if there be furnished to
them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Security shall surrender
to the Trustee or any Paying Agent any such missing Coupon in respect of which a
deduction shall have been made from the Redemption Price, such Holder shall be
entitled to receive the amount so deducted; provided, however, that any interest
represented by Coupons shall be payable only upon presentation and surrender of
those Coupons at an office or agency for such Security located outside of the
United States except as otherwise provided in Section 1002.

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

     SECTION 1107. SECURITIES REDEEMED IN PART.

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

                                 ARTICLE TWELVE

                                  SINKING FUNDS

     SECTION 1201. APPLICABILITY OF ARTICLE.

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

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

                                       43

<PAGE>

     SECTION 1202. SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES.

     The Company (1) may deliver Outstanding Securities of a series (other than
any previously called for redemption), together in the case of any Bearer
Securities of such series with all unmatured Coupons appertaining thereto, and
(2) may apply as a credit Securities of a series which have been redeemed either
at the election of the Company pursuant to the terms of such Securities or
through the application of permitted optional sinking fund payments pursuant to
the terms of such Securities, in each case in satisfaction of all or any part of
any sinking fund payment with respect to the Securities of such series required
to be made pursuant to the terms of such Securities as provided for by the terms
of such series; provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the
Trustee at the Redemption Price specified in such Securities for redemption
through operation of the sinking fund and the amount of such sinking fund
payment shall be reduced accordingly.

     SECTION 1203. REDEMPTION OF SECURITIES FOR SINKING FUND.

     Not less than 60 days prior to each sinking fund payment date for any
series of Securities, the Company will deliver to the Trustee an Officers'
Certificate specifying the amount of the next ensuing sinking fund payment for
that series pursuant to the terms of that series, the portion thereof, if any,
which is to be satisfied by payment of cash and the portion thereof, if any,
which is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 1202 and will also deliver to the Trustee any Securities to
be so delivered. Not less than 30 days before each such sinking fund payment
date the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in Section 1103 and cause notice of
the redemption thereof t6 be given in the name of and at the expense of the
Company in the manner provided in Section 1104. Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in the
manner stated in Sections 1106 and 1107.

                                ARTICLE THIRTEEN

                       DEFEASANCE AND COVENANT DEFEASANCE

     SECTION 1301. COMPANY'S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE.

     The Company may elect, at its option by Board Resolution at any time, to
have either Section 1302 or Section 1303 applied to the Outstanding Securities
of any series and any Coupons appertaining thereto designated pursuant to
Section 301 as being defeasible pursuant to this Article Thirteen (hereinafter
called a "Defeasible Series"), upon compliance with the conditions set forth
below in this Article Thirteen.

     SECTION 1302. DEFEASANCE AND DISCHARGE.

     Upon the Company's exercise of the option provided in Section 1301 to have
this Section 1302 applied to the Outstanding Securities and any Coupons
appertaining thereto of any Defeasible Series, the Company shall be deemed to
have been discharged from its obligations with respect to the Outstanding
Securities of such series and any Coupons appertaining thereto as provided in
this Section on and after the date the conditions set forth in Section 1304 are
satisfied (hereinafter called "Defeasance"). For this purpose, such Defeasance
means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by the Outstanding Securities of such series and any
Coupons appertaining thereto and to have satisfied all its other obligations
under the Securities of such series and any Coupons appertaining thereto and
this Indenture insofar as the Securities of such series and any Coupons
appertaining thereto are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), subject to
the following which shall survive until otherwise terminated or discharged
hereunder: (1) the rights of Holders of Securities of such series and any
Coupons appertaining thereto to receive, solely from the

                                       44

<PAGE>

trust fund described in Section 1304 and as more fully set forth in such
Section, payments in respect of the principal of and any premium and interest on
such Securities of such series and any Coupons appertaining thereto when
payments are due, (2) the Company's obligations with respect to the Securities
of such series and any Coupons appertaining thereto under Sections 304, 305,
306, 1002 and 1003, (3) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and (4) this Article Thirteen. Subject to compliance with this
Article Thirteen, the Company may exercise its option provided in Section 1301
to have this Section 1302 applied to the Outstanding Securities and any Coupons
appertaining thereto of any Defeasible Series notwithstanding the prior exercise
of its option provided in Section 1301 to have Section 1303 applied to the
Outstanding Securities of such series and any Coupons appertaining thereto.

     SECTION 1303. COVENANT DEFEASANCE.

     Upon the Company's exercise of the option provided in Section 1301 to have
this Section 1303 applied to the Outstanding Securities and any Coupons
appertaining thereto of any Defeasible Series, (i) the Company shall be released
from its obligations under Sections 1005 through 1007, inclusive, and any other
covenants specified in or pursuant to this Indenture, and (2) the occurrence of
any event specified in Sections 501(4) (with respect to any of Sections 1005
through 1007, inclusive, and any other covenants specified in or pursuant to
this Indenture), 501(5) and 501(8) shall be deemed not to be or result in an
Event of Default, in each case with respect to the Outstanding Securities of
such series and any Coupons appertaining thereto as provided in this Section on
and after the date the conditions set forth in Section 1304 are satisfied
(hereinafter called "Covenant Defeasance"). For this purpose, such Covenant
Defeasance means that the Company may omit to comply with and shall have no
liability in respect of any term, condition or limitation set forth in any such
specified Section (to the extent so specified in the case of Section 501(4)),
whether directly or indirectly by reason of any reference elsewhere herein to
any such Section or by reason of any reference in any such Section to any other
provision herein or in any other document, but the remainder of this Indenture
and the Securities of such series and any Coupons appertaining thereto shall be
unaffected thereby.

     SECTION 1304. CONDITIONS TO DEFEASANCE OR COVENANT DEFEASANCE.

     The following shall be the conditions to application of either Section 1302
or Section 1303 to the Outstanding Securities and any Coupons appertaining
thereto of any Defeasible Series:

          (1) The Company shall irrevocably have deposited or caused to be
     deposited with the Trustee (or another trustee that satisfies the
     requirements contemplated by Section 609 and agrees to comply with the
     provisions of this Article Thirteen applicable to it) as trust funds in
     trust for the purpose of making the following payments, specifically
     pledged as security for, and dedicated solely to, the benefit of the
     Holders of Outstanding Securities of such series and any Coupons
     appertaining thereto, (A) money in an amount, or (B) U.S. Government
     Obligations that through the scheduled payment of principal and interest in
     respect thereof in accordance with their terms will provide, not later than
     one day before the due date of any payment, money in an amount, or (C) a
     combination thereof, in each case sufficient, in the opinion of a
     nationally recognized firm of independent: public accountants expressed in
     a written certification thereof delivered to the Trustee, to pay and
     discharge, and which shall be applied by the Trustee (or any such other
     qualifying trustee) to pay and discharge, the principal of and any premium
     and interest on the Securities of such series and any Coupons appertaining
     thereto on the respective Stated Maturities, in accordance with the terms
     of this Indenture and the Securities of such series and any Coupons
     appertaining thereto. As used herein, "U.S. Government Obligation" means
     (x) any security that is (i) a direct obligation of the United States of
     America for the payment of which the full faith and credit of the United
     States of America is pledged or (ii) an obligation of a Person controlled
     or supervised by and acting as an agency or instrumentality of the United
     States of America the payment of which is unconditionally guaranteed as a
     full faith and credit obligation by the United

                                       45

<PAGE>

     States of America, which, in either case (i) or (ii), is not callable or
     redeemable at the option of the issuer thereof, and (y) any depositary
     receipt issued by a bank (as defined in Section 3(a)(2) of the Securities
     Act of 1933, as amended) as custodian with respect to any U.S. Government
     Obligation specified in Clause (x) and held by such custodian for the
     account of the holder of such depositary receipt, or with respect to any
     specific payment of principal of or interest on any such U.S. Government
     Obligation, 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 depositary receipt from any amount received by the custodian in
     respect of the U.S. Government Obligation or the specific payment of
     principal or interest evidenced by such depositary receipt.

          (2) In the case of an election under Section 1302, the Company shall
     have delivered to the Trustee an Opinion of Counsel stating that (A) the
     Company has received from, or there has been published by, the Internal
     Revenue Service a ruling or (B) since the date first set forth hereinabove,
     there has been a change in the applicable Federal income tax law, in either
     case (A) or (B) to the effect that, and based thereon such opinion shall
     confirm that, the Holders of the Outstanding Securities of such series and
     any Coupons appertaining thereto will not recognize gain or loss for
     Federal income tax purposes as a result of the deposit, Defeasance and
     discharge to be effected with respect to the Securities of such series and
     any Coupons appertaining thereto and will be subject to Federal income tax
     on the same amount, in the same manner and at the same times as would be
     the case if such deposit, Defeasance and discharge were not to occur.

          (3) In the case of an election under Section 1303, the Company shall
     have delivered to the Trustee an Opinion of Counsel to the effect that the
     Holders of the Outstanding Securities of such series and any Coupons
     appertaining thereto will not recognize gain or loss for Federal income tax
     purposes as result of the deposit and Covenant Defeasance to be effected
     with respect to the Securities of such series and any Coupons appertaining
     thereto and will be subject to Federal income tax on the same amount, in
     the same manner and at the same times as would be the case if such deposit
     and Covenant Defeasance were not to occur.

          (4) The Company shall have delivered to the Trustee an Officer's
     Certificate to the effect that the Securities of such series, if then
     listed on any securities exchange, will not be delisted as a result of such
     deposit.

          (5) No Event of Default or event that (after notice or lapse of time
     or both) would become an Event of Default shall have occurred and be
     continuing at the time of such deposit or, with regard to any Event of
     Default or any such event specified in Sections 501(6) and (7), at any time
     on or prior to the 90th day after the date of such deposit (it being
     understood that this condition shall not be deemed satisfied until after
     such 90th day).

          (6) Such Defeasance or Covenant Defeasance shall not cause the Trustee
     to have a conflicting interest within the meaning of the Trust Indenture
     Act (assuming all Securities are in default within the meaning of the such
     Act).

          (7) Such Defeasance or Covenant Defeasance shall not result in a
     breach or violation of, or constitute a default under, any other agreement
     or instrument to which the Company is a party or by which it is bound.

          (8) The Company shall have delivered to the Trustee an Officer's
     Certificate and an Opinion of Counsel, each stating that all conditions
     precedent with respect to such Defeasance or Covenant Defeasance have been
     complied with.

          (9) Such Defeasance or Covenant Defeasance shall not result in the
     trust arising from such deposit constituting an investment company within
     the meaning of the Investment Company Act of 1940, as amended, unless such
     trust shall be qualified under such Act or exempt from regulation
     thereunder.

                                       46

<PAGE>

     SECTION 1305. DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN
TRUST; OTHER MISCELLANEOUS PROVISIONS.

     Subject to the provisions of the last paragraph of Section 1003, all money
and U.S. Government Obligations (including the proceeds thereof) deposited with
the Trustee or other qualifying trustee (solely for purposes of this Section and
Section 1306, the Trustee and any such other trustee are referred to
collectively as the "Trustee") pursuant to Section 1304 in respect of the
Securities and any Coupons appertaining thereto of any Defeasible Series shall
be held in trust and applied by the Trustee, in accordance with the provisions
of the Securities of such series and any Coupons appertaining thereto and this
Indenture, to the payment, either directly or through any such Paying Agent
(including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Holders of Securities of such series and any Coupons
appertaining thereto, of all sums due and to become due thereon in respect of
principal and any premium and interest, but money so held in trust need not be
segregated from other funds except to the extent required by law.

     The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the U.S. Government Obligations
deposited pursuant to Section 1304 or the principal and interest received in
respect thereof other than any such tax, fee or other charge that by law is for
the account of the Holders of Outstanding Securities and any Coupons
appertaining thereto.

     Anything in this Article Thirteen to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon Company
Request any money or U.S. Government Obligations held by it as provided in
Section 1304 with respect to Securities and any Coupons appertaining thereto of
any Defeasible Series that, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof that would then be
required to be deposited to effect an equivalent Defeasance or Covenant
Defeasance with respect to the Securities of such series and any Coupons
appertaining thereto.

     SECTION 1306. REINSTATEMENT.

     If the Trustee or the Paying Agent is unable to apply any money in
accordance with this Article Thirteen with respect to the Securities of any
series and any Coupons appertaining thereto by reason of any order or judgment
of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company's obligations under this
Indenture and the Securities of such series and any Coupons appertaining thereto
shall be revived and reinstated as though no deposit had occurred pursuant to
this Article Thirteen with respect to Securities of such series or any Coupons
appertaining thereto until such time as the Trustee or Paying Agent is permitted
to apply all money held in trust pursuant to Section 1305 with respect to
Securities of such series and any Coupons appertaining thereto in accordance
with this Article Thirteen; provided, however, that if the Company makes any
payment of principal of or any premium or interest on any Security of such
series or any Coupons appertaining thereto following the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of
Securities of such series and any Coupons appertaining thereto to receive such
payment from the money so held in trust.

                                ARTICLE FOURTEEN

                        MEETINGS OF HOLDERS OF SECURITIES

     SECTION 1401. PURPOSE FOR WHICH MEETINGS MAY BE CALLED.

     A meeting of Holders of Securities of any series may be called at any time
and from time to time pursuant to this Article to make, give or take any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be made, given or taken by Holders of
Securities of such series.

                                       47

<PAGE>

     SECTION 1402. CALL, NOTICE AND PLACE OF MEETINGS.

          (a) The Trustee may at any time call a meeting of Holders of
     Securities of any series for any purpose specified in Section 1401, to be
     held at such time and at such place in the Borough of Manhattan, The city
     of New York, or, if Securities of such series are to be issued as Bearer
     Securities, in London, as the Trustee shall determine. Notice of every
     meeting of Holders of Securities of any series, setting forth the time and
     the place of such meeting and in general terms the action proposed to be
     taken at such meeting, shall be given, in the manner provided in Section
     106, not less than 21 nor more than 180 days prior to the date fixed for
     the meeting. The Trustee or the Company may fix, in advance of the giving
     of such notice, a date as the record late for determining the Holders
     entitled to notice or to vote at any such meeting not more than 15 days
     prior to the date fixed for the giving of such notice.

          (b) In case at any time the Company or the Holders of at least 101 in
     principal amount of the Outstanding Securities of any series shall have
     requested the Trustee to call a meeting of the Holders of Securities of any
     series for any purpose specified in Section 1401, by written request
     setting forth in reasonable detail the action proposed to be taken at the
     meeting, and the Trustee shall not have made the first publication of the
     notice of such meeting within 21 days after receipt of such request or
     shall not thereafter proceed to cause the meeting to be held as provided
     herein, then the Company or the Holders of the Securities of such series in
     the amount above specified, as the case may be, may determine the time and
     the place in the Borough of Manhattan, The City of New York, or, if
     Securities of such series are to be issued as Bearer Securities, in London
     for such meeting and may call such meeting for such purposes by giving
     notice thereof as provided in subsection (a) of this Section.

     SECTION 1403. PERSONS ENTITLED TO VOTE AT MEETINGS.

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

     SECTION 1404. QUORUM; ACTION.

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

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

                                       48
<PAGE>

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

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

     SECTION 1405. DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF
MEETINGS.

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

     (b) The Trustee shall, by an instrument in writing, appoint a temporary
chairman of the meeting, unless the meeting shall have been called the Company
or by Holders of Securities as provided in Section 1402 (b), in which case the
Company or the Holders of Securities of the series 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 vote of
the Persons entitled to vote a majority in principal amount of the Outstanding
Securities of such series represented at the meeting.

     (c) At any meeting each Holder of a Security of such series or proxy shall
be entitled to one vote for each $1,000 principal amount of 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 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, except as a Holder of a
Security of such series or proxy.

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

     SECTION 1406. COUNTING VOTES AND RECORDING ACTION OF MEETINGS.

     The vote upon any resolution submitted to any meeting of Holders of
Securities of any series shall be by written ballots on which shall be
subscribed the signatures of the Holders of Securities of such series or of
their representatives by proxy and the principal amounts and serial numbers of
the Outstanding Securities of such series held or represented by them. The
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 triplicate of all votes cast at the meeting. A record, at least in
triplicate, of the proceedings of each meeting of Holders of Securities of any
series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in

                                       49

<PAGE>

Section 1402 and, if applicable, Section 1404. Each copy shall be signed and
verified by the affidavits of the permanent chairman and secretary of the
meeting and one such copy shall be delivered to the Company, and another to the
Trustee to be preserved by the Trustee, the latter to have attached thereto the
ballots voted at the meeting. Any record so signed and verified shall be
conclusive evidence of the matters therein stated.

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

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

                                        DOLE FOOD COMPANY, INC.

                                        By: /s/ ALAN B. SELLERS
                                            ------------------------------------
                                            Alan B. Sellers
                                            Executive Vice President

Attest:

/s/ FREYA MANEKI
-------------------------------------
Freya Maneki
Assistant Corporate Secretary

                                        CHEMICAL TRUST COMPANY OF CALIFORNIA

                                        By: /s/ HANS S. HELLEY
                                            ------------------------------------
                                            Hans S. Helley
                                            Assistant Vice President

Attest:

/s/ PAULA OSWALD
-------------------------------------
Paula Oswald

                                       50<PAGE>

                                                                     EXHIBIT 4.2

                            DOLE FOOD COMPANY, INC.,

                                   as Issuer,

                                       and

                J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION,

                                   as Trustee

                                   ----------

                          FIRST SUPPLEMENTAL INDENTURE

                           Dated as of April 30, 2002

           Supplementing the Trust Indenture Dated as of July 15, 1993

                                   ----------

                                  $400,000,000

                             7 1/4% Notes due 2009

<PAGE>

     FIRST SUPPLEMENTAL INDENTURE, dated as of April 30, 2002, between DOLE FOOD
COMPANY, INC., a Delaware corporation (the "Company"), and J.P. Morgan Trust
Company, National Association (formerly known as the Chase Manhattan Bank and
Trust Company, National Association, and formerly known as Chemical Trust
Company of California), having its principal corporate trust office in San
Francisco, California, as trustee (the "Trustee").

                                    RECITALS

     WHEREAS, the Company has heretofore executed and delivered to the Trustee
an Indenture, dated as of July 15, 1993 (the "Original Indenture" and, together
with the Officers' Certificate under Sections 102, 201, 301 and 303 of the
Original Indenture, dated as of October 6, 1998 (the "1998 Officers'
Certificate"), the Officers' Certificate under Section 201, 301 and 303 of the
Original Indenture dated as of August 3, 1993 (the "1993 Officers' Certificate")
and this First Supplemental Indenture, the "Indenture"), providing for the
issuance by the Company from time to time of its unsecured debt securities to be
issued in one or more series (in the Original Indenture and herein called the
"Securities");

     WHEREAS, Section 301 of the Original Indenture provides for various matters
with respect to any series of Securities issued under the Original Indenture to
be established in an indenture supplemental to the Indenture;

     WHEREAS, Section 901(5) of the Original Indenture provides for certain
changes in the Indenture with respect to any series of Securities issued under
the Original Indenture, provided that such changes do not affect any outstanding
Securities under the Original Indenture;

     WHEREAS, Section 901(6) of the Original Indenture provides for the Company
and the Trustee to enter into an indenture supplemental to the Original
Indenture to establish the form or terms of Securities of any series as
permitted by Sections 201 and 301 of the Original Indenture;

     WHEREAS, the Company, in the exercise of the power and authority conferred
upon and reserved to it under the provisions of the Original Indenture, has duly
determined to make, execute and deliver to the Trustee this First Supplemental
Indenture to the Original Indenture in order to establish the form and terms of,
and to provide for the creation and issue of, a series of Securities designated
as the "7 1/4% Senior Notes due 2009" (the "Notes") under the Original
Indenture in the initial aggregate principal amount of $400,000,000; and

     WHEREAS, all things necessary to make the Notes, when executed by the
Company and authenticated and delivered by the Trustee or any Authenticating
Agent and issued upon the terms and subject to the conditions hereinafter and in
the Indenture set forth against payment therefor, the valid, binding and legal
obligations of the Company and to make this First Supplemental Indenture a
valid, binding and legal agreement of the Company, have been done;

     NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH that, in order
to establish the terms of a series of Securities designated as the "7 1/4%
Senior Notes due 2009", and for and in consideration of the premises and of the
covenants contained in the Original Indenture and in this First Supplemental
Indenture and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, it is mutually covenanted and
agreed as follows:

                                   ARTICLE ONE

             DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     Section 101. Definitions. Each capitalized term that is used herein and is
defined in the Original Indenture shall have the meaning specified in the
Original Indenture unless such term is otherwise defined herein.

                                        2

<PAGE>

     "Additional Interest" means all Additional Interest then owing under
Section 2(e) of the Registration Rights Agreement.

     "Attributable Debt" means, as to any particular lease under which the
Company or any Restricted Subsidiary is at the time liable and at any date as of
which the amount thereof is to be determined, the total net amount of rent
required to be paid under that lease during its remaining term (including any
period for which the lease has been extended or may, at the option of the
lessor, be extended), discounted from the respective due dates thereof to such
date at a rate per year equal to the weighted average interest rate per year
borne by the Securities of each series outstanding pursuant to the Indenture
compounded semiannually. The net amount of rent required to be paid under any
such lease for any such period shall be the aggregate amount of the rent payable
by the lessee with respect to that period after excluding amounts required to be
paid on account of maintenance and repairs, insurance, taxes, assessments, water
rates and similar charges. In the case of any lease which is terminable by the
lessee upon the payment of a penalty, the net amount shall also include the
amount of the penalty, but no rent shall be considered as required to be paid
under the lease subsequent to the first date upon which it may be so terminated.

     "Business Day" shall mean any day, other than a Saturday or Sunday, that is
neither a legal holiday nor a day on which commercial banks are authorized or
required by law, regulation or executive order to close in The City of New York
or San Francisco, California.

     "Certificated Note" means any Note other than a Global Note.

     "Clearstream" means Clearstream Banking, societe anonyme, or any successor
thereto.

     "Closing Date" shall mean the date on which the Notes are originally issued
under this First Supplemental Indenture.

     "Commission" shall mean the United States Securities and Exchange
Commission or any successor agency or government body performing the functions
currently performed by the United States Securities and Exchange Commission.

     "CUSIP Number" means the alphanumeric designation assigned to a Note by
Standard & Poor's CUSIP Service Bureau.

     "Depositary" has the meaning set forth in Section 210(a) hereof.

     "Distribution Compliance Period" means the 40 calendar days after the
Closing Date, except that all offers and sales by a distributor (as defined in
Regulation S) of an unsold allotment or subscription shall be deemed to be made
during the "Distribution Compliance Period".

     "DTC" shall mean The Depository Trust Company or any successor Depositary
with respect to the Global Notes.

     "DTC Participant" shall mean any person that has an account with DTC
through which beneficial owners acquire and hold an interest in the Notes.

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

     "Exchange Notes" means any debt securities of the Company to be offered to
Holders of Notes in exchange for the Notes pursuant to the Exchange Offer or
otherwise pursuant to a Registration of Notes containing terms identical in all
material respects to the Notes for which they are exchanged, except that (i)
interest on the Exchange Notes shall accrue from the last date on which interest
was paid on the Notes or, if no such interest has been paid, from the Closing
Date and (ii) the Exchange Notes will not contain terms with respect to transfer
restrictions, minimum purchase or the payment of Additional Interest upon the
occurrence of a Registration Default.

                                        3

<PAGE>

     "Exchange Offer" means the exchange offer by the Company of Exchange Notes
for Notes pursuant to the Registration Rights Agreement.

     "Exchange Offer Registration Statement" means a Registration Statement of
the Company under the Securities Act registering Exchange Notes for distribution
pursuant to the Exchange Offer.

     "Funded Debt" means (i) all Indebtedness of the Company and the Restricted
Subsidiaries maturing on, or renewable or extendible at the option of the
obligor to, a date more than one year from the date of the determination thereof
that is or would be classified as long-term debt on a balance sheet prepared in
accordance with generally accepted accounting principles (including Indebtedness
under any revolving credit arrangement with banks), (ii) guarantees, direct or
indirect, and other contingent obligations of the Company and the Restricted
Subsidiaries in respect of, or to purchase or otherwise acquire or be
responsible or liable for (through the investment of funds or otherwise), any
Indebtedness of others (but not including contingent liabilities on customers'
receivables sold with recourse) and (iii) amendments, renewals, extensions and
refunding of any such Indebtedness.

     "Global Note" means a Note bearing the legend specified in Section 202 of
the Original Indenture evidencing all or part of the Notes, issued to the
Depositary or its nominee with respect to such Notes and registered in the name
of such Depositary or nominee.

     "Indebtedness" means, with respect to any person, every obligation of such
person for money borrowed or evidenced by bonds, debentures, notes or other
similar instruments, whether or not for money borrowed or given in connection
with the acquisition of any business, properties or assets, including
securities.

     "Indenture" shall have the meaning specified in the second paragraph of the
recitals of this First Supplemental Indenture.

     "Initial Purchasers" shall mean Banc of America Securities LLC, Credit
Suisse First Boston Corporation, Commerzbank Capital Markets Corp., Deutsche
Bank Securities Inc., Salomon Smith Barney Inc. and Scotia Capital (USA) Inc.,
as initial purchasers pursuant to the Purchase Agreement, dated April 25, 2002,
among the Company and the Initial Purchasers.

     "Institutional Accredited Investor" shall mean an institution that is an
"accredited investor" as that term is defined in Rule 501(a)(1), (2), (3) or (7)
under the Securities Act.

     "Lien" means, with respect to any property or assets, any mortgage, pledge,
security interest, lien, conditional sale or other title retention agreement or
other similar encumbrance.

     "Make-Whole Amount" means, in connection with any optional redemption of
Notes, the excess, if any, of (a) the aggregate present value as of the date of
such redemption of each dollar of principal being redeemed and the amount of
interest, exclusive of interest accrued to the date of redemption, that would
have been payable in respect of each such dollar if such redemption had not been
made, determined by discounting, on a semiannual basis, such principal and
interest at the Reinvestment Rate, determined on the third business day in The
City of New York preceding the date notice of such redemption is given, from the
respective dates on which such principal and interest would have been payable if
such redemption had not been made, to the date of redemption, over (b) the
aggregate principal amount of the Notes being redeemed.

     "Net Tangible Assets" means the net book value of all assets of the Company
and the Restricted Subsidiaries, excluding any amount carried as assets for
shares of capital stock held in treasury, debt discount and expense, investments
in and advances to Subsidiaries other than Restricted Subsidiaries, goodwill,
patents and trademarks, less all liabilities of the Company and of the
Restricted Subsidiaries (except Funded Debt, minority interests in Restricted
Subsidiaries, deferred taxes and general contingency reserves of the Company and
of the Restricted Subsidiaries), all as determined on a consolidated basis in
accordance with generally accepted accounting principles.

                                        4

<PAGE>

     "1993 Officers' Certificate" has the meaning set forth in the first
paragraph of the Recitals of this First Supplemental Indenture.

     "1998 Officers' Certificate" has the meaning set forth in the first
paragraph of the Recitals of this First Supplemental Indenture.

     "Nonrecourse Obligation" means indebtedness or lease payment obligations
substantially related to (i) the acquisition of assets not previously owned by
the Company or any of the Company's Restricted Subsidiaries or (ii) the
financing of a project involving the development or expansion of the Company's
properties or any properties of the Restricted Subsidiaries, as to which the
obligee with respect to such indebtedness or obligation has no recourse to the
Company's general corporate funds or the general corporate funds of any of the
Restricted Subsidiaries or any of the Company's assets or any assets of the
Restricted Subsidiaries other than the assets that were acquired with the
proceeds of such transaction or the project financed with the proceeds of such
transaction (and funds generated by such assets or project) except pursuant to a
covenant to pay to such obligee or to the obligor of such indebtedness or
obligation an amount equal to all or a portion of the amount of any dividends
received from such obligor within the previous twelve months.

     "Notes" shall mean any of the Securities, defined as Notes in the fifth
paragraph of the recitals hereof, that are authenticated and delivered under
this First Supplemental Indenture. For all purposes of this First Supplemental
Indenture, the term "Notes" shall include the Notes initially issued on the
Closing Date and any Exchange Notes to be issued and exchanged for any Notes
pursuant to the Registration Rights Agreement and this First Supplemental
Indenture. The term "Notes" shall also include Notes issued after the Closing
Date and designated in a Board Resolution, Officers' Certificate or supplemental
indenture as being part of the same series as the Notes issued on the Closing
Date and any Exchange Notes issued and exchanged for any such Notes. For
purposes of this First Supplemental Indenture and the Indenture, all Notes shall
vote together as one series of Securities.

     "Original Indenture" shall have the meaning specified in the first
paragraph of the recitals of this First Supplemental Indenture.

     "Principal Property" means any manufacturing plant or processing facility,
including the equipment constituting a part thereof, which is located within the
United States or its territories or possessions, of the Company or a Restricted
Subsidiary, having a net book value exceeding 1% of Net Tangible Assets.

     "Prospectus" shall mean the prospectus included in a Registration
Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including any such
prospectus supplement with respect to the terms of the offering of any portion
of the Registrable Securities covered by a Shelf Registration Statement, and by
all other amendments and supplements to a prospectus, including post-effective
amendments, and in each case including all material incorporated by reference
therein.

     "QIB" shall mean a "qualified institutional buyer" as defined in Rule 144A.

     "Registrable Note" shall mean any Note which shall be deemed a "Registrable
Security" for purposes of the Registration Rights Agreement.

     "Registration" means a registered exchange offer for the Notes by the
Company pursuant to the Exchange Offer Registration Statement or other
registration for resale of the Notes under the Securities Act pursuant to a
Shelf Registration Statement, in each case in accordance with the terms of the
Registration Rights Agreement.

     "Registration Rights Agreement" shall mean the Registration Rights
Agreement, dated as of April 30, 2002, among the Company and the Initial
Purchasers.

     "Registration Default" has the meaning set forth in the Registration Rights
Agreement.

                                        5

<PAGE>

     "Registration Statement" shall mean any registration statement of the
Company filed with the Commission pursuant to the Securities Act which covers
any of the Exchange Notes or Registrable Notes pursuant to the provisions of the
Registration Rights Agreement, and all amendments and supplements to any such
Registration Statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

     "Regular Record Date" has the meaning set forth in Section 204 hereof.

     "Regulation S" means Regulation S under the Securities Act.

     "Regulation S Global Note" has the meaning set forth in Section 210(b)
hereof.

     "Reinvestment Rate" means 0.375% plus the arithmetic mean of the yields
under the heading "Week Ending" published in the most recent Statistical Release
under the caption "Treasury Constant Maturities" for the maturity, rounded to
the nearest month, corresponding to the remaining life to maturity, as of the
redemption date, of the principal of the Notes being redeemed. If no maturity
exactly corresponds to such maturity, yields for the two published maturities
most closely corresponding to such maturity shall be calculated pursuant to the
immediately preceding sentence and the Reinvestment Rate shall be interpolated
or extrapolated from such yields on a straight-line basis, rounding in each of
such relevant periods to the nearest month. For the purposes of calculating the
Reinvestment Rate, the most recent Statistical Release published prior to the
date of determination of the Make-Whole Amount shall be used. If the format or
content of the Statistical Release changes in a manner that precludes
determination of the Treasury yield in the above manner, then the Treasury yield
shall be determined in the manner that most closely approximates the above
manner, as reasonably determined by the Company.

     "Resale Restriction Termination Date" has the meaning set forth in the
Restrictive Legend.

     "Restricted Subsidiary" means any Subsidiary of the Company, other than any
Subsidiary that is engaged primarily in the management, development and sale or
financing of real property.

     "Restricted Certificated Note" has the meaning set forth in Section 210(c)
hereof.

     "Restrictive Legend" shall mean the legend set forth on the face of the
Notes attached as Exhibits A and B.

     "Rule 144A" shall mean Rule 144A under the Securities Act.

     "Rule 144A Global Note" has the meaning set forth in Section 210(a) hereof.

     "Sale and Leaseback Transaction" of any person means an arrangement with
any bank, insurance company or other lender or investor, or to which any such
bank, company, lender or investor is a party, providing for the leasing by the
Company or any Restricted Subsidiary of any Principal Property that has been or
is to be sold or transferred more than 180 days after the latest of the
acquisition, completion of construction or commencement of full operation by the
Company or any Restricted Subsidiary to such bank, insurance company, lender or
investor, or to any person to whom funds have been or are to be advanced by such
bank, insurance company, lender or investor on the security of such Principal
Property.

     "Securities Act" shall mean the Securities Act of 1933, as amended from
time to time.

     "Senior Funded Debt" means all Funded Debt except Subordinated Funded Debt.

     "Shelf Registration Statement" means a shelf registration statement under
the Securities Act filed by the Company, if required by, and meeting the
requirements of, the Registration Rights Agreement, registering Notes for
resale.

                                        6

<PAGE>

     "Stated Maturity Date" shall have the meaning specified in Section 203
hereof and shall constitute the "Stated Maturity" of the principal of the Notes
as such term is defined in Section 101 of the Original Indenture.

     "Statistical Release" means the statistical release designated "H.15(519)"
or any successor publication which is published weekly by the Federal Reserve
System and which reports yields on actively traded United States government
securities adjusted to constant maturities, or, if such statistical release is
not published at the time of any required determination under the indenture,
then such other reasonably comparable index which shall be designated by the
Company.

     "Subordinated Funded Debt" means any of the Company's unsecured Funded Debt
that is expressly made subordinate and junior in rank and right of payment to
any Securities of each series outstanding under the Indenture in the event of
any insolvency or bankruptcy proceedings, and any receivership, liquidation,
reorganization or other similar proceedings relative to the Company or the
Company's creditors, as such, or to our property, or in the event of any
proceedings for the Company's voluntary liquidation, dissolution or other
winding up, whether or not involving insolvency or bankruptcy.

     "Subsidiary" means a corporation more than 50% 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 that ordinarily
has 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.

     "Trustee" shall mean J.P. Morgan Trust Company, National Association (as
successor in interest to the Chase Manhattan Bank and Trust Company, National
Association, and Chemical Trust Company of California).

     "Unrestricted Certificated Note" means any Certificated Note other than a
Restricted Certificated Note.

     "Unrestricted Global Note" means any Global Note evidencing Exchange Notes
or received in the Exchange Offer, Notes transferred pursuant to an effective
Shelf Registration Statement or Notes issued without the Restrictive Legend
after the Resale Restriction Termination Date.

     Section 102. Section References. Each reference to a particular section set
forth in this First Supplemental Indenture shall, unless the context otherwise
requires, refer to this First Supplemental Indenture.

                                   ARTICLE TWO

                          TITLE AND TERMS OF THE NOTES

     Section 201. Title of the Notes. Pursuant to Sections 301 and 901 of the
Original Indenture, this First Supplemental Indenture hereby establishes a
series of Securities designated as the "7 1/4% Senior Notes due 2009" of the
Company. For purposes of the Original Indenture, the Notes shall constitute a
single series of Securities.

     Section 202. Limitation on Aggregate Principal Amount. The aggregate
principal amount of the Notes that may be issued under this First Supplemental
Indenture is limited initially to $400,000,000 and the aggregate principal
amount of Exchange Notes to be issued in the Exchange Offer is $400,000,000;
provided that (i) additional Notes (and Exchange Notes issued in respect of such
Notes) may be issued after the Closing Date as part of the same series of
Securities as the Notes issued under this First Supplemental Indenture, if so
designated in a Board Resolution, Officers' Certificate or supplemental
indenture executed and delivered after the Closing Date, and (ii) the limitation
on the total aggregate principal amount of Notes set forth in this Section 202
shall not apply to such

                                        7

<PAGE>

additional Notes (and Exchange Notes). Except as provided in this Section 202
and Section 306 of the Original Indenture (and the terms of any Board
Resolution, Officers' Certificate or supplemental indenture executed and
delivered after the Closing Date), the Company shall not execute and the Trustee
shall not authenticate or deliver Notes or Exchange Notes in excess of the
aggregate principal amounts. Nothing contained in this Section 202 or elsewhere
in this First Supplemental Indenture, or in the Notes, is intended to or shall
limit execution by the Company or authentication or delivery by the Trustee of
Notes under the circumstances contemplated by Sections 303, 304, 305, 306, 906
or 1107 of the Original Indenture.

     Section 203. Maturity of the Notes. The Stated Maturity Date on which the
principal of the Notes shall be due and payable will be May 1, 2009.

     Section 204. Interest and Interest Rates. The Notes will pay interest
thereon from April 30, 2002 or from the most recent "Interest Payment Date" to
which interest has been paid or duly provided for, semiannually on May 1 and
November 1 of each year, commencing November 1, 2002, and on the Stated Maturity
Date or date of any earlier redemption (if other than an Interest Payment Date),
at the rate of 7.25% per annum, until the principal of the Notes is paid or duly
provided for; provided that if any Registration Default with respect to the
Notes occurs under the Registration Rights Agreement, then the Company shall
also pay the Additional Interest, if any, payable pursuant to Section 2(e) of
the Registration Rights Agreement on such Interest Payment Dates or Stated
Maturity Date or date of any earlier redemption (if other than an Interest
Payment Date). The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the person in whose name the Notes (or one or more Predecessor Notes) are
registered at the close of business on the "Regular Record Date" for such
interest, which shall be the April 15 or October 15 (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for shall forthwith cease to be
payable to the Holder on such Regular Record Date and shall be payable as
provided in the Indenture.

     Section 205. Place of Payment. The place or places where the principal of
and interest on the Notes shall be payable is at the agency of the Trustee
maintained for that purpose at the office of J.P. Morgan Trust Company, National
Association, 55 Water Street, North Building, Securities Window, Second Floor,
New York, New York 10041 or c/o JPMorgan Chase Bank, 2001 Bryan Street, 9th
Floor, Dallas, Texas 75201, provided, however, that payment of interest on an
Interest Payment Date may be made at the option of the Company by check mailed
to the address of the person entitled thereto as such address shall appear in
the Security Register; provided, further, that all payments due on the Stated
Maturity Date or date of any earlier redemption in respect of principal of and
(unless such date is also an Interest Payment Date) interest on the Notes shall
be made by the Company in immediately available funds against presentation and
surrender thereof; and provided, further, that the Depositary, or its nominee,
as holder of the Global Notes, shall be entitled to receive payments of interest
by wire transfer of immediately available funds.

     Section 206. Optional Redemption. The Notes are redeemable at any time in
whole, or from time to time in part, at a Redemption Price equal to the sum of
100% of the aggregate principal amount of the Notes being redeemed, accrued but
unpaid interest on those Notes to the Redemption Date and the Make-Whole Amount,
if any; provided, however, that installments of interest on Notes due on an
Interest Payment Date that occurs on or before any Redemption Date shall be
payable to the Holders of such Notes as of the close of business on the Regular
Record Date immediately preceding such Interest Payment Date.

     Section 207. Sinking Fund. The Notes will not be subject to any sinking
fund provision or to repayment of the Notes prior to the Stated Maturity Date at
the option of the Note holders.

                                        8

<PAGE>

     Section 208. Defeasance. The provisions of Sections 1302 and 1303 of the
Original Indenture, together with the other provisions of Article Thirteen of
the Original Indenture, shall be applicable to the Notes. The provisions of
Section 1303 of the Original Indenture shall apply to the covenants set forth in
Section 209 of this First Supplemental Indenture (and to events of default with
respect to such covenants) and to those covenants and events of default
specified in Section 1303 of the Original Indenture.

     Section 209. Additional Covenants. The following provisions set forth below
as Sections 1008 and 1009 shall apply to the Notes as if such provisions had
been included in the Original Indenture as Sections 1008 and 1009, respectively:

     "Section 1008. Limitation Upon Liens.

     The Company will not itself, and will not permit any Restricted Subsidiary
to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise
become liable for or suffer to exist any Indebtedness secured by a Lien on (i)
any Principal Property of the Company or any Restricted Subsidiary or (ii) any
shares of capital stock or Indebtedness of any Restricted Subsidiary (which
Indebtedness is then held by the Company or any Restricted Subsidiary), without
effectively providing that the Notes (together with, if the Company shall so
determine, any other Indebtedness of the Company or such Restricted Subsidiary
then existing or thereafter created which is not Subordinated Debt) shall be
secured equally and ratably with (or, at the option of the Company, prior to)
such secured Indebtedness, so long as such secured Indebtedness shall be so
secured, unless immediately thereafter, after giving effect thereto, the
aggregate amount of all such secured indebtedness plus all Attributable Debt of
the Company and its Restricted Subsidiaries in respect of Sale and Leaseback
Transactions (but excluding leases exempt from the prohibition of Section 1009
by Clauses (2) through (6) thereof) would not exceed 10% of Net Tangible Assets;
provided, however, that this Section 1008 shall not apply to, and there shall be
excluded from secured Indebtedness in any computation under this Section 1008,
Indebtedness secured by:

1.   Liens on, and limited to, property of or shares of capital stock or
     Indebtedness of any corporation existing at April 30, 2002 or at the time
     such corporation becomes a Restricted Subsidiary;

2.   Liens in favor of the Company or any Restricted Subsidiary;

3.   Liens in favor of any governmental body to secure progress, advance or
     other payments pursuant to any contract or provision of any statute;

4.   (i) if made in the ordinary course of business, any Lien as security for
     the performance of any contract or undertaking not directly or indirectly
     in connection with the borrowing of money or the securing of Indebtedness,
     or (ii) any Lien with any governmental agency required or permitted to
     qualify the Company or any Restricted Subsidiary to conduct business, to
     maintain self-insurance or to obtain the benefits of any law pertaining to
     workmen's compensation, employment insurance, old age pensions, social
     security or similar matters;

5.   Liens for taxes, assessments or governmental charges or levies if such
     taxes, assessments, governmental charges or levies shall not at the time be
     due and payable, or if the same thereafter can be paid without penalty, or
     if the same are being contested in good faith by appropriate proceedings;

6.   Liens created by or resulting from any litigation or legal proceeding which
     at the time is currently being contested in good faith by appropriate
     proceedings, or Liens arising out of judgments or awards as to which the
     time for prosecuting an appeal or proceeding for review has not expired;

7.   Liens on, and limited to, property (including leasehold estates) or shares
     of capital stock or Indebtedness, existing at the time of acquisition
     thereof (including acquisition through merger or consolidation) or to
     secure the payment of all or any part of the purchase price thereof or

                                        9

<PAGE>

     construction thereon or to secure any Indebtedness incurred prior to, at
     the time of, or within 120 days after the latest of the acquisition, the
     completion of construction or the commencement of full operation of such
     property for the purpose of financing all or any part of the purchase price
     thereof or construction thereon;

8.   Liens securing obligations issued by a state, territory or possession of
     the United States, of any political subdivision of any of the foregoing or
     the District of Columbia, to finance the acquisition or construction or
     development of property, and on which the interest is not, in the opinion
     of tax counsel of recognized standing or in accordance with a ruling issued
     by the Internal Revenue Service, includible (in whole or in part) in gross
     income of the holder by reason of Section 103(a)(1) of the Internal Revenue
     Code (or any successor to such provision) as in effect at the time of the
     issuance of such obligations;

9.   Liens created in connection with a project financed with, and created to
     secure, a Nonrecourse Obligation; or

10.  any extension, renewal or replacement (or successive extensions, renewals
     or replacements), as a whole or in part, or any Lien referred to in the
     foregoing Clauses (1) through (9), to the extent the Indebtedness secured
     by such Lien is not increased from the amount originally so secured,
     provided that such extension, renewal or replacement Lien shall be limited
     to all or a part of the same property or shares of capital stock or
     Indebtedness that secured the Lien extended, renewed or replaced (plus
     improvements on such property).

                                       10

<PAGE>

     Section 1009. Limitation Upon Sale and Leaseback Transactions.

     Except as hereinafter provided, the Company will not itself, and will not
permit any Restricted Subsidiary to, enter into any Sale and Leaseback
Transaction; provided, however, that this covenant shall not apply to any Sale
and Leaseback Transaction if:

(1)  the Company or such Restricted Subsidiary could create Indebtedness secured
     by a Lien pursuant to Section 1008, excluding from secured Indebtedness in
     any computation under that Section Indebtedness secured by Liens of the
     type described in Clauses (1) through (10) thereof, on the Principal
     Property to be leased in an amount equal to the Attributable Debt with
     respect to such Sale and Leaseback Transaction without equally and ratably
     securing the Notes, or

(2)  the Company or a Restricted Subsidiary, within 180 days after the sale or
     transfer shall have been made by the Company or by a Restricted Subsidiary,
     applies an amount equal to the greater of the net proceeds from the sale of
     the Principal Property leased pursuant to such arrangement or the fair
     market value of the Principal Property so leased at the time of entering
     into such arrangement (as determined in any manner approved by the Board of
     Directors) to either (x) the retirement of Senior Funded Debt of the
     Company or Funded Debt of a Restricted Subsidiary; provided, however, that
     notwithstanding the foregoing, no retirement referred to in this Clause (2)
     may be effected by payment at maturity or pursuant to any mandatory sinking
     fund payment or any mandatory prepayment provision, or (y) purchase of
     other property which will constitute Principal Property of the Company or
     its Restricted Subsidiaries having a fair market value, in the opinion of
     the Board of Directors of the Company, at least equal to the fair market
     value of the Principal Property leased in such Sale and Leaseback
     Transaction, or

(3)  the lease in such Sale and Leaseback Transaction is for a period, including
     renewals, of no more than three years, or

(4)  the lease in such Sale and Leaseback Transaction secure or relates to
     obligations issued by a state, territory or possession of the United
     States, or any political subdivision of any of the foregoing, or the
     District of Columbia, to finance the acquisition or construction of
     property, and on which the interest is not, in the opinion of tax counsel
     of recognized standing or in accordance with a ruling issued by the
     Internal Revenue Service, includible (in whole or in part) in gross income
     of the holder by reason of Section 103(a)(1) of the Internal Revenue Code
     (or any successor to such provision) as in effect at the time of the
     issuance of such obligations, or

(5)  the lease payment obligation is created in connection with a project
     financed with, and such obligation constitutes, a Nonrecourse Obligation,
     or

(6)  such arrangement is between the Company and a Restricted Subsidiary or
     between Restricted Subsidiaries."

     Section 210. Specific Global and Certificated Note Forms. (a) Except as
otherwise provided herein, Notes offered and sold as part of their initial
offering and sale to QIBs shall be issued in the form of one or more Global
Notes (each a "Rule 144A Global Note") in definitive, fully registered form
without coupons, substantially in the form set forth in Exhibit B, with such
applicable legends as are provided for herein. Such Global Notes shall be
registered in the name of Cede & Co. or another nominee designated by DTC and
delivered to the Trustee, at its Corporate Trust Office in San Francisco as
custodian for DTC, as duly executed by the Company and authenticated by the
Trustee as provided in the Original Indenture. The aggregate principal amount of
any Rule 144A Global Note may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for DTC for such
Global Note, as provided in Section 210(e) hereof. The "Depositary" for the
Global Notes shall be DTC or such other person as shall be designated by the
Company as Depositary for the Company pursuant to Section 305 of the Original
Indenture.

                                       11

<PAGE>

     (b) Except as otherwise provided herein, Notes offered and sold as part of
their initial offering and sale in reliance on Regulation S shall be issued in
the form of one or more Global Notes in definitive, fully registered form
without coupons, substantially in the form set forth in Exhibit B, with such
applicable legends as are provided for herein. Such Global Notes shall be
registered in the name of Cede & Co. or another nominee designated by DTC and
delivered to the Trustee, at its Corporate Trust Office in San Francisco as
custodian for DTC, duly executed by the Company and authenticated by the Trustee
as herein provided, for credit by DTC to the respective accounts of beneficial
owners of such Notes (or such accounts as they may direct), which, during the
Distribution Compliance Period, will only be Euroclear and Clearstream. Each
such Global Note shall be referred to herein as a "Regulation S Global Note."
The aggregate principal amount of any Regulation S Global Note may from time to
time be increased or decreased by adjustments made on the records of the
Trustee, as custodian for DTC for such Global Note, as provided in Section
210(e) hereof. Except as otherwise provided herein or agreed to by the Company,
no Regulation S Global Note shall be issued except as provided in this paragraph
to evidence Notes offered and sold as part of their initial distribution in
reliance on Regulation S or thereafter transferred in reliance on Regulation S.

     (c) Except as otherwise provided herein, Notes offered and sold as part of
their initial offering and sale to Institutional Accredited Investors who are
not QIBs shall be issued in the form of Certificated Notes in definitive, fully
registered form without coupons, registered in the name of the purchaser
thereof, substantially in the form set forth in Exhibit A (the "Restricted
Certificated Notes"), with such applicable legends as are provided for herein.
Restricted Certificated Notes may not be transferred or exchanged for interests
in a Global Note except as provided in Section 211.

     Unless exchanged for an Exchange Note in connection with an effective
Registration pursuant to the Registration Rights Agreement, each Rule 144A
Global Note, each Regulation S Global Note and each Restricted Certificated Note
shall bear the Restrictive Legend on the face thereof, prior to the Resale
Restriction Termination Date.

     (d) Interests of beneficial owners in a Global Note may be transferred in
accordance with the rules and procedures of DTC. In connection with any transfer
of a portion of the beneficial interests in a Global Note to beneficial owners
pursuant to Section 305 of the Original Indenture, the Security Registrar shall
reflect on its books and records the date and a decrease in the principal amount
of such Global Note in an amount equal to the principal amount of the beneficial
interest in such Global Note to be transferred. Notwithstanding Section 305 of
the Original Indenture, Restricted Certificated Notes (or Exchange Notes) will
be issued to DTC for beneficial owners in a Global Note if circumstances arise
described in clauses (1), (2) or (3) of the penultimate paragraph of Section 305
of the Original Indenture.

     Section 211. Special Transfer and Exchange Provisions. Unless and until a
Note is exchanged for an Exchange Note in connection with an effective
Registration Statement pursuant to the Registration Rights Agreement, the
following provisions shall apply to each such Note:

(a)  Transfers and Exchanges of Restricted Certificated Notes and Interests in a
     Rule 144A Global Note. With respect to the registration of any proposed
     transfer or exchange of a Restricted Certificated Note or an interest in a
     Rule 144A Global Note, if the Note to be transferred or exchanged consists
     of:

     (i)  a Restricted Certificated Note, the Security Registrar shall register
          the transfer or exchange to:

          (A)  a beneficial interest in a Rule 144A Global Note if such transfer
               or exchange is being made by a proposed transferor or exchanger
               who has delivered to the Company and the Security Registrar a
               certificate from the transferor or exchanger substantially in the
               form of Exhibit C; or

                                       12

<PAGE>

          (B)  a Regulation S Global Note if such transfer or exchange is being
               made by a proposed transferor or exchanger who has delivered to
               the Company and the Security Registrar a certificate from the
               transferor or exchanger substantially in the form of Exhibit D.

               Upon the transfer or exchange of Restricted Certificated Notes
               (initially issued to an Institutional Accredited Investor) to a
               QIB or in accordance with Regulation S, these Restricted
               Certificated Notes may, unless the Rule 144A Global Note or the
               Regulation S Note, as the case may be, has previously been
               exchanged in whole for Restricted Certificated Notes, be
               exchanged for a beneficial interest in the Rule 144A Global Note
               or the Regulation S Note, as the case may be, subject to the
               conditions specified herein. Thereafter, transfers or exchanges
               of this beneficial interest will continue to be represented by a
               Global Note, even if this transfer or exchange is to an
               Institutional Accredited Investor. Upon the transfer or exchange
               of a Restricted Certificated Note (initially issued to an
               Institutional Accredited Investor) to an Institutional Accredited
               Investor, that Note will remain a Restricted Certificated Note
               and will require the transferee or exchangee to deliver a
               certificate to the Trustee substantially in the form provided in
               Exhibit G; or

     (ii) a beneficial interest in a Rule 144A Global Note:

          (A)  to be transferred or exchanged to a transferee or exchangee who
               takes delivery in the form of an interest in a Regulation S
               Global Note, the Security Registrar shall register the transfer
               or exchange if such transfer or exchange is being made by a
               proposed transferor or exchanger who has delivered to the Company
               and the Security Registrar a certificate substantially in the
               form of Exhibit E; or

          (B)  to be transferred or exchanged to a transferee or exchangee who
               takes delivery in the form of an interest in a Rule 144A Global
               Note, the transfer or exchange of such interest may be effected
               only through the book entry system maintained by the Depositary.

(b)  Transfers and Exchanges of Interests in a Regulation S Global Note. With
     respect to registration of any proposed transfer or exchange of a
     beneficial interest in a Regulation S Global Note to a person who takes
     delivery in the form of a beneficial interest in a Rule 144A Global Note,
     the Security Registrar shall register the transfer or exchange of any Note
     if the proposed transferor or exchanger has delivered to the Company and
     the Security Registrar a certificate from the transferor or exchanger
     substantially in the form of Exhibit F. No person shall be entitled to
     effect any transfer or exchange that would result in any beneficial
     interests in a Regulation S Global Note being held during the Distribution
     Compliance Period otherwise than in or through accounts maintained at the
     Depositary by or on behalf of Euroclear or Clearstream, except as provided
     in this Section 211(b); provided that after the expiration of the
     Distribution Compliance Period (but not earlier), investors may also hold
     these interests through organizations other than Euroclear and Clearstream
     that are participants in DTC's system.

                                       13

<PAGE>

(c)  Transfers and Exchanges of Unrestricted Certificated Notes or Interests in
     the Unrestricted Global Note. With respect to any transfer or exchange of
     Unrestricted Certificated Notes or interests in the Unrestricted Global
     Note, the Security Registrar shall register the transfer or exchange of any
     such Note without requiring any additional certification.

(d)  Legends. Upon the transfer, exchange or replacement of Notes that do not
     bear a Restrictive Legend, the Security Registrar shall deliver Notes that
     do not bear any Restrictive Legend. Upon the transfer, exchange or
     replacement of Notes bearing a Restrictive Legend, the Security Registrar
     shall deliver only Notes that bear such Restrictive Legend, unless (i)
     Exchange Notes are being issued in the Exchange Offer, (ii) Notes are being
     transferred pursuant to an effective Shelf Registration Statement, (iii)
     the Resale Restriction Termination Date has passed or (iv) the Company
     directs the Trustee to remove the Restrictive Legend because the Company
     determines, on the basis of a legal opinion, certifications or other
     information satisfactory to the Company and the Trustee, that neither such
     Restrictive Legend or the related restrictions on transfer are required to
     maintain compliance with the Securities Act.

(e)  General. By its acceptance of any Note bearing a Restrictive Legend, each
     Holder of such Note acknowledges the restrictions on transfer or exchange
     of such Note set forth in this First Supplemental Indenture and in such
     Restrictive Legend and agrees that it will transfer or exchange such Note
     only as provided in this First Supplemental Indenture and such Restrictive
     Legend. The Security Registrar shall not register a transfer or exchange of
     any Note unless such transfer or exchange complies with the restrictions on
     transfer or exchange of such Note set forth in this First Supplemental
     Indenture. In connection with any transfer or exchange of Notes
     contemplated in the restrictions on transfer applicable thereto, each
     Holder agrees by its acceptance of the Notes to furnish the Security
     Registrar or the Company with such certifications, legal opinions and/or
     other information as either of them may reasonably require to confirm that
     such transfer or exchange is being made pursuant to an exemption from, or a
     transaction not subject to, the registration requirements of the Securities
     Act; provided that the Security Registrar shall not be required to
     determine (but may rely on a determination made by the Company with respect
     to) the sufficiency of any such certifications, legal opinions or other
     information.

                                  ARTICLE THREE
                                    AMENDMENT

     Section 301. Amendments. Pursuant to Section 901(5) of the Original
Indenture, the following amendments to the Original Indenture will be effective
solely with respect to the Notes issued under this First Supplemental Indenture:

(a)  The following sentence is added at the end of Section 301 of the Original
     Indenture:

     "All Securities of any series need not be issued at the same time and,
     unless otherwise so provided, a series may be reopened for issuance of
     additional Securities of such series."

(b)  The first paragraph of Section 502 of the Original Indenture is deleted in
     its entirety and replaced with the following paragraph:

     "If an Event of Default with respect to Securities of any series at the
     time Outstanding occurs and is continuing, other than under clause (6) or
     (7) of Section 501, then in every such case the Trustee or the Holders of
     not less than 25% in principal amount of the Outstanding Securities of that
     series may declare the principal amount of all of the Securities of that
     series to be due and payable immediately, by a notice in writing to the
     Company (and to the Trustee if given by Holders), and upon any such
     declaration such principal amount shall become immediately due and payable.
     If an Event of Default specified in clause (6) or (7) of Section 501
     occurs, all unpaid principal of and accrued interest on the Outstanding
     Securities of that series shall ipso facto

                                       14

<PAGE>

     become and be immediately due and payable without any declaration or other
     act on the part of the Trustee or any Holder of any Security of that
     series."

(c)  Section 514 of the Original Indenture is deleted in its entirety and
     replaced with the following:

     "In any suit for the enforcement of any right or remedy under this
     Indenture, or in any suit against the Trustee for any action taken,
     suffered or omitted by it as Trustee, a court may require any party
     litigant in such suit to file an undertaking to pay the costs of such suit,
     and may assess costs against any such party litigant, in the manner and to
     the extent provided in the Trust Indenture Act; provided that neither this
     Section nor the Trust Indenture Act shall be deemed to authorize any court
     to require such an undertaking or to make such an assessment in any suit
     instituted by the Company; provided, further, that the provisions of this
     Section 514 shall not apply to any suit instituted by the Trustee, to any
     suit instituted by any Holder, or group of Holders, holding in the
     aggregate more than 10% in principal amount of Outstanding Securities of
     any series, or to any suit instituted by any Holder of the enforcement of
     the payment of the principal of (or premium, if any) or interest, if any,
     with respect to any Security on or after the respective Stated Maturities
     expressed in such Security (or, in the case of redemption, on or after the
     Redemption Date, and, in the case of repayment, on or after the date for
     repayment)."

(d)  Section 801(1) of the Original Indenture is deleted in its entirety and
     replaced with the following language:

     "in case the Company shall consolidate with or merge into another Person or
     convey, transfer or lease its properties and assets as an entirety or
     substantially as an entirety to any Person, the Person formed by such
     consolidation or into which the Company is merged or the Person which
     acquires by conveyance or transfer, or which leases, the properties and
     assets of the Company substantially as an entirety shall be a corporation,
     shall be organized and validly existing under the laws of the United States
     of America, any State thereof or the District of Columbia and shall
     expressly assume, by an indenture supplemental hereto, executed and
     delivered to the Trustee, in form satisfactory to the Trustee, the due and
     punctual payment of the principal of any premium and interest on all the
     Securities and the performance or observance of every covenant of this
     Indenture on the part of the Company to be performed or observed;".

                                  ARTICLE FOUR
                            MISCELLANEOUS PROVISIONS

     Section 401. Confirmation of Original Indenture. The Original Indenture, as
heretofore supplemented and amended by the 1993 Officers' Certificate, the 1998
Officers' Certificate and this First Supplemental Indenture, is in all respects
ratified and confirmed, and the Original Indenture, the 1993 Officers'
Certificate, the 1998 Officers' Certificate and this First Supplemental
Indenture and all indentures supplemental thereto shall be read, taken and
construed as one and the same instrument.

     Section 402. Concerning the Trustee. The Trustee assumes no duties,
responsibilities or liabilities by reason of this First Supplemental Indenture
other than as set forth in the Original Indenture and, in carrying out its
responsibilities hereunder, shall have all of the rights, protections and
immunities which it possesses under the Original Indenture. The Trustee makes no
representation as to the validity, sufficiency or priority of this First
Supplemental Indenture.

     Section 403. Governing Law. This First Supplemental Indenture and the Notes
shall be governed by and construed in accordance with the laws of the State of
New York applicable to agreements made or instruments entered into and, in each
case, performed in said state.

     Section 404. Separability. In case any provision in this First Supplemental
Indenture or in the Notes shall for any reason be held to be invalid, illegal or
unenforceable, the validity, legality and

                                       15

<PAGE>

enforceability of the remaining provisions of this First Supplemental Indenture
or the Notes shall not in any way be affected or impaired thereby.

     Section 405. Counterparts. This First Supplemental Indenture may be
executed in several counterparts, each of which shall be an original and all of
which shall constitute but one and the same document.

     Section 406. Effect of Headings. The Section headings herein are for
convenience only and shall not affect the construction hereof.

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

                                        DOLE FOOD COMPANY, as Issuer

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

Attest:

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

                                        J.P. MORGAN TRUST COMPANY, NATIONAL
                                        ASSOCIATION,
                                        as Trustee

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

Attest:

-------------------------------------
Name:
Title:
[SEAL]

                                       16

<PAGE>

                                                                       EXHIBIT A

                        FORM OF FACE OF CERTIFICATED NOTE

     [IF THIS IS A RESTRICTED CERTIFICATED NOTE, ADD THE FOLLOWING RESTRICTIVE
LEGEND: THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY STATE OR OTHER SECURITIES LAWS. NEITHER
THIS NOTE NOR ANY INTEREST HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF THAT REGISTRATION
OR UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT. BY ITS ACQUISITION HEREOF, THE HOLDER (1)
REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE
144A ("RULE 144A") UNDER THE SECURITIES ACT) OR (B) IT IS AN INSTITUTIONAL
"ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR
(7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR FOR
INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY
DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (2) AGREES NOT TO OFFER, SELL
OR OTHERWISE TRANSFER THIS NOTE PRIOR TO THE DATE WHICH IS THE LATER OF (X) TWO
YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) OF THE
SECURITIES ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE
LAST DATE ON WHICH DOLE FOOD COMPANY, INC. OR ANY "AFFILIATE" (AS DEFINED IN
RULE 144 UNDER THE SECURITIES ACT) OF DOLE FOOD COMPANY, INC. WAS THE OWNER OF
THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) OR (Y) SUCH LATER DATE, IF ANY, AS
MAY BE REQUIRED BY APPLICABLE LAW (THE "RESALE RESTRICTION TERMINATION DATE")
EXCEPT (A) TO DOLE FOOD COMPANY, INC., (B) PURSUANT TO A REGISTRATION STATEMENT
WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS
THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT
REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A
THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER, IN EACH CASE TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (D) TO A NON-U.S. PERSON IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, (E) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING
OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT
THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER
INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR
OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
SECURITIES ACT, (F) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (G)
PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO COMPLIANCE WITH
ANY APPLICABLE STATE OR OTHER SECURITIES LAWS, AND (3) AGREES THAT IT WILL GIVE
TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE
EFFECT OF THIS LEGEND; PROVIDED THAT (I) PRIOR TO ANY SALE OR TRANSFER PURSUANT
TO CLAUSE (E) A CERTIFICATE OF TRANSFER (THE FORM OF WHICH MAY BE OBTAINED FROM
THE TRUSTEE) IS COMPLETED AND DELIVERED BY

                                       A-2

<PAGE>

THE TRANSFEROR TO DOLE FOOD COMPANY, INC. AND THE TRUSTEE AND (II) DOLE FOOD
COMPANY, INC. AND THE TRUSTEE SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE
OR TRANSFER (I) PURSUANT TO CLAUSE (D), (E), (F) OR (G) TO REQUIRE THE DELIVERY
OF AN OPINION OF COUNSEL, CERTIFICATIONS AND/OR OTHER INFORMATION SATISFACTORY
TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF
THE NOTE EVIDENCED HEREBY PURSUANT TO CLAUSE 2(B) ABOVE OR UPON THE REQUEST OF
THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. AS USED HEREIN, THE
TERMS "UNITED STATES," "OFFSHORE TRANSACTION," AND "U.S. PERSON" HAVE THE
RESPECTIVE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.]

                                       A-3

<PAGE>

REGISTERED                              PRINCIPAL AMOUNT:
No. ____________________                $________________

CUSIP NO. ______________

INC.

7 1/4% Senior Note due 2009'>DOLE FOOD COMPANY, INC.

7 1/4% Senior Note due 2009Dole Food Company, Inc., a Delaware corporation (the
"COMPANY" which term includes any successor Person under the Indenture referred
to on the reverse hereof), for value received, hereby promises to pay _______ or
registered assigns, the principal sum of - DOLLARS _________ on May 1, 2009
(the "STATED MATURITY DATE"), unless redeemed prior to such date in accordance
with the provisions referred to on the reverse hereof (the Stated Maturity Date
or date of earlier redemption, as the case may be, is referred to herein as the
"Maturity Date" with respect to the principal repayable on such date), and to
pay interest on the outstanding principal sum of this Note from April 30, 2002
or from the most recent "INTEREST PAYMENT DATE" to which interest has been paid
or duly provided for, semiannually on May 1 and November 1 of each year,
commencing November 1, 2002, and on the Maturity Date, at the rate of 7 1/4% per
annum, until the principal hereof and Make-Whole Amount (as defined in the
Indenture), if any, applicable hereto is paid or duly provided for; provided
that if any Registration Default with respect to this Note occurs under the
Registration Rights Agreement, then, as provided in the Registration Rights
Agreement, the per annum interest rate on this Note will increase for the period
from the occurrence of such Registration Default until such time as no
Registration Default is in effect with respect to this Note (at which time the
interest rate will be reduced to its initial rate). The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Note (or one
or more Predecessor Notes) is registered at the close of business on the
"REGULAR RECORD DATE" for such interest, which shall be the April 15 or October
15 (whether or not a Business Day, as defined below), as the case may be, next
preceding such Interest Payment Date. Any such interest not so punctually paid
or duly provided for shall forthwith cease to be payable to the Holder on such
Regular Record Date and shall be payable as provided in the Indenture.

     The Company will at all times appoint and maintain a Paying Agent (which
may be the Trustee) authorized by the Company to pay the principal of and
Make-Whole Amount, if any, and interest on any Notes on behalf of the Company
and having an office or agency in The City of New York and in such other cities,
if any, as the Company may designate in writing to the Trustee (the "PLACE OF
PAYMENT") where Notes may be presented or surrendered for payment and where
notices, designations or requests in respect for payments with respect to Notes
may be served. The Company has initially appointed J. P. Morgan Trust Company,
National Association as such Paying Agent.

     Interest payments on this Note will be computed and paid on the basis of a
360-day year of twelve 30-day months. Interest payable on this Note on any
Interest Payment Date and on the Maturity Date will include interest accrued
from and including the most recent Interest Payment Date to which interest has
been paid or duly provided for (or from and including April 30, 2002, if no
interest has been paid on this Note) to but excluding such Interest Payment Date
or the Maturity Date, as the case may be.

     If any Interest Payment Date or the Maturity Date falls on a day that is
not a Business Day, principal, Make-Whole Amount and/or interest payable with
respect to such Interest Payment Date or Maturity Date, as the case may be, will
be paid on the next succeeding Business Day with the same force and effect as if
it were paid on the date such payment was due, and no interest shall accrue on
the amount so payable for the period from and after such Interest Payment Date
or the Maturity Date, as the case may be, to the next succeeding Business Day.
"BUSINESS DAY" means any day, other than

                                       A-4
<PAGE>

Saturday or Sunday, that is neither a legal holiday nor a day on which
commercial banks are authorized or required by law, regulation or executive
order to close in The City of New York or San Francisco.

     The principal, Make-Whole Amount and interest payable on this Note will be
made by wire transfer of immediately available funds to the Holder hereof in
such currency of the United States of America as at the time of payment is legal
tender for the payment of public and private debts; provided, however, that
payment of interest on an Interest Payment Date may be made at the option of the
Company by check mailed to the address of the person entitled thereto as such
address shall appear in the Security Register.

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

     Unless the Certificate of Authentication hereon has been executed by the
Trustee by manual signature, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                        DOLE FOOD COMPANY, INC.

                                        BY:
                                            ------------------------------------
                                        NAME:
                                        TITLE:

ATTEST:

BY:
    ---------------------------------
    NAME:
    TITLE:

                                       A-5

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

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

J. P. Morgan Trust Company, National Association, as Trustee

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

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

                                       A-6

<PAGE>

[FORM OF REVERSE OF CERTIFICATED NOTE]
DOLE FOOD COMPANY, INC.
7 1/4% Senior Note due 2009'>[FORM OF REVERSE OF CERTIFICATED NOTE]
DOLE FOOD COMPANY, INC.

7 1/4% Senior Note due 2009This Note is one of a duly authorized issue of notes
of the Company (herein called the "Notes"), issued under an Indenture dated as
of July 15, 1993, as supplemented by the First Supplemental Indenture thereto
dated as of April 30, 2002 (as so supplemented, the "INDENTURE") among the
Company and J. P. Morgan Trust Company, National Association, as Trustee (the
"TRUSTEE," which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and
delivered. This Note is one of the series designated as the "7 1/4% Senior
Notes due 2009" (the "Notes"), limited initially in aggregate principal amount
to US$400,000,000. Capitalized terms used herein but not defined have the
meanings ascribed to such terms in the Indenture.

     This Note is not subject to any sinking fund.

     The Indenture provides that the Notes are redeemable at any time in whole,
or from time to time in part, at a Redemption Price (as defined in the
Indenture) equal to the sum of 100% of the aggregate principal amount of the
Notes being redeemed, unpaid interest accrued on those Notes to the Redemption
Date (as defined in the Indenture) and the Make-Whole Amount, if any, applicable
thereto; provided, however, that installments of interest on Notes due on an
Interest Payment Date which occurs on or before any Redemption Date shall be
payable to the Holders of such Notes as of the close of business on the Regular
Record Date immediately preceding such Interest Payment Date. The Notes are
redeemable on not less than 30 nor more than 60 calendar days' prior written
notice.

     In case an Event of Default with respect to the Notes shall occur and be
continuing, the principal of the Notes may be, as in certain cases shall be,
declared due and payable in the manner and with the effect provided in the
Indenture.

     The Indenture contains provisions for defeasance at any time of (i) the
entire indebtedness of this Note or (ii) certain respective covenants and Events
of Default with respect to this Note, in each case upon compliance with certain
conditions set forth therein, which provisions apply to the Notes.

     The Holder of this Note is entitled to the benefits of the Registration
Rights Agreement in accordance with its terms.

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities to be affected under the
Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority of the principal amount of each series of Securities at
the time Outstanding and affected thereby. The Indenture also contains
provisions permitting the Holders of a majority of the principal amount of the
Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note or
Notes issued upon the registration of transfer hereof or in exchange hereof or
in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

     No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of

                                       A-7

<PAGE>

and Make-Whole Amount, if any, and interest on this Note at the times, places
and rate, and in the currency herein prescribed.

     As provided in the Indenture and subject to certain limitations herein and
therein set forth, the transfer of this Note is registrable in the Register,
upon surrender of this Note for registration of transfer at the office or agency
of the Company in the Place of Payment, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the
Security Registrar, duly executed by the Holder hereof or its attorney duly
authorized in writing, and thereupon one or more new Notes of like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     The Notes are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof;
provided, however, that any purchases of Restricted Certificated Notes must be
in a minimum amount of $100,000. As provided in the Indenture and subject to
certain limitations herein and therein set forth, Notes are exchangeable for the
same aggregate principal amount of Notes of like tenor and authorized
denominations, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note be overdue, and none of the Company, the
Trustee or any such agent shall be affected by notice to the contrary.

     No recourse under or upon any obligation, covenant or agreement of the
Company in the Indenture or any indenture supplemental thereto or in any Note,
or because of the creation of any indebtedness represented thereby, shall be had
against any incorporator, stockholder, officer or director, as such, of the
Company or of any successor thereto, either directly or through the Company or
any successor thereto.

     This Note and the Indenture are governed by and construed in accordance
with the laws of the State of New York.

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

                                       A-8

<PAGE>

                                  ABBREVIATIONS

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

     TEN COM             as tenants in common

     TEN ENT             as tenants by the entireties

     JT TEN              as joint tenants with right of survivorship and not as
                         tenants in common
     UNIF GIFT MIN ACT   ___________________  Custodian ________________
                                (Cust)                        (Minor)
                         under Uniform Gifts to Minors Act

                         _______________________________________________
                                            (State)

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

                                   ASSIGNMENT

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

________________________________________________________________________________

     PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE:
________________________________________________________________________________

     Please Print or Type Name and Address including Postal Zip Code of
Assignee:

________________________________________________________________________________

________________________________________________________________________________

     the within Note and all rights thereunder, and hereby irrevocably
constitutes and appoints

________________________________________________________________________________

     to transfer said Note on the books of the Company, with full power of
substitution in the premises.

Dated: ________________

Signature Guaranteed

-------------------------------------
NOTICE: Signature must be guaranteed    NOTICE: The signature to this
by a member firm of the New York        assignment must correspond with the
Stock Exchange or a commercial bank     name as written upon the face of the
or trust company.                       within Note in every particular,
                                        without alteration or enlargement or
                                        any change whatever.

     [THE FOLLOWING PROVISION TO BE INCLUDED ON ALL RESTRICTED CERTIFICATED
NOTES ONLY.]

     In connection with any transfer of this Note occurring prior to the date
which is later of (i) two years after the later of the original issuance of this
Note or the last date on which this Note was held by the Company or an Affiliate
of the Company and (ii) such later date as may be required by

                                       A-9

<PAGE>

applicable law, the undersigned Holder confirms that without utilizing any
general solicitation or general advertising that:

                                   [Check one]

[ ] (a) Such Note is being transferred by the undersigned Holder to a person
        reasonably believed to be a "qualified institutional buyer," as defined
        in Rule 144A under the U.S. Securities Act of 1933, pursuant to the
        exemption from registration under the U.S. Securities Act of 1933
        provided by Rule 144A thereunder, and to whom notice is given that the
        transfer is being made in reliance upon Rule 144A.

                                       or

[ ] (b) Such Note is being transferred by the undersigned Holder in a minimum
        aggregate principal amount of $100,000 to an institutional investor
        reasonably believed to be an "accredited investor," as defined in Rule
        501(a)(1), 2), (3) or (7) under the U.S. Securities Act of 1933, and
        that the undersigned Holder has been advised by the prospective
        transferee that such transferee will hold such Note for its own account
        or as a fiduciary or agent for others (each of which is also such an
        institutional accredited investor, unless such transferee is a bank (as
        defined in Section 3(a)(2) of the Securities Act or a savings and loan
        association or other institution as described in Section 3(a)(5)(A) of
        the Securities Act, whether acting in its individual capacity or in a
        fiduciary capacity)), for investment purposes and not with a view to, or
        for offer or sale in connection with, any distribution in violation of
        the U.S. Securities Act of 1933.

                                       or

[ ] (c) Such Note is being transferred by the undersigned Holder to a person
        reasonably believed not to be a U.S. person, as defined in Regulation S
        under the U.S. Securities Act of 1933, in an "offshore transaction," as
        defined in Regulation S under the U.S. Securities Act of 1933, pursuant
        to the exemption from registration under the U.S. Securities Act of 1933
        provided by Regulation S thereunder.

                                       or

[ ] (d) Such Note is being transferred by the undersigned Holder pursuant to an
        effective registration statement under the U.S. Securities Act of 1933.

                                       or

[ ] (e) Such Note is being transferred pursuant to an exemption from the
        registration requirements of the U.S. Securities Act of 1933 provided by
        Rule 144.

                                       or

[ ] (f) Such Note is being transferred pursuant to any other available exemption
        from the registration requirements of the U.S. Securities Act of 1933.

                                       or

[ ] (g) Such Note is being transferred to Dole Food Company, Inc. or any
        affiliate, as defined under the U.S. Securities Act of 1933.

     If none of the foregoing boxes is checked by the undersigned Holder, or if
the undersigned Holder has failed to delivery any certificate to the Company
required pursuant to First Supplemental Indenture, the Trustee or other Security
Registrar shall not be obligated to register this Note in the name of any Person
other than the Noteholder hereof unless and until the conditions to any such
transfer or registration set forth herein and in Section 211 of the First
Supplemental Indenture shall have been satisfied.

                                      A-10

<PAGE>

                                                                       EXHIBIT B

                               FORM OF GLOBAL NOTE

     [IF THIS IS A RESTRICTED GLOBAL NOTE, ADD THE FOLLOWING LEGEND: THE NOTES
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY STATE OR OTHER SECURITIES LAWS. NEITHER THIS NOTE NOR
ANY INTEREST HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF THAT REGISTRATION OR
UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT. BY ITS ACQUISITION HEREOF, THE HOLDER (1)
REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE
144A ("RULE 144A") UNDER THE SECURITIES ACT) OR (B) IT IS AN INSTITUTIONAL
"ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (a)(1), (2), (3) OR
(7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THIS NOTE FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR FOR
INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY
DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (2) AGREES NOT TO OFFER, SELL
OR OTHERWISE TRANSFER THIS NOTE PRIOR TO THE DATE WHICH IS THE LATER OF (X) TWO
YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) OF THE
SECURITIES ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE
LAST DATE ON WHICH DOLE FOOD COMPANY, INC. OR ANY "AFFILIATE" (AS DEFINED IN
RULE 144 UNDER THE SECURITIES ACT) OF DOLE FOOD COMPANY, INC. WAS THE OWNER OF
THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) OR (Y) SUCH LATER DATE, IF ANY, AS
MAY BE REQUIRED BY APPLICABLE LAW (THE "RESALE RESTRICTION TERMINATION DATE")
EXCEPT (A) TO DOLE FOOD COMPANY, INC., (B) PURSUANT TO A REGISTRATION STATEMENT
WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS
THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT
REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A
THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER, IN EACH CASE TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (D) TO A NON-U.S. PERSON IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, (E) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING
OF SUBPARAGRAPHS (a)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT
THAT IS ACQUIRING THIS NOTE FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER
INSTITUTIONAL ACCREDITED INVESTOR FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR
OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
SECURITIES ACT, (F) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (G)
PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE SECURITIES ACT, SUBJECT IN EACH OF THE FOREGOING CASES TO COMPLIANCE WITH
ANY APPLICABLE STATE OR OTHER SECURITIES LAWS, AND (3) AGREES THAT IT WILL GIVE
TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE
EFFECT OF THIS LEGEND; PROVIDED THAT (I) PRIOR TO ANY SALE OR TRANSFER PURSUANT
TO CLAUSE (E) A CERTIFICATE OF TRANSFER (THE FORM OF WHICH MAY BE OBTAINED FROM
THE TRUSTEE) IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO DOLE FOOD

                                       B-1

<PAGE>

COMPANY, INC. AND THE TRUSTEE AND (II) DOLE FOOD COMPANY, INC. AND THE TRUSTEE
SHALL HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I) PURSUANT TO
CLAUSE (D), (E), (F) OR (G) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND
WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THE NOTE EVIDENCED HEREBY
PURSUANT TO CLAUSE 2(B) ABOVE OR UPON THE REQUEST OF THE HOLDER AFTER THE RESALE
RESTRICTION TERMINATION DATE. AS USED HEREIN, THE TERMS "UNITED STATES,"
"OFFSHORE TRANSACTION," AND "U.S. PERSON" HAVE THE RESPECTIVE MEANINGS GIVEN TO
THEM BY REGULATION S UNDER THE SECURITIES ACT.]

                                       B-2

<PAGE>

No. ____________                    CUSIP No. ____________

     Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Company or its
agent for registration of transfer, exchange or payment, and any certificate
issued in exchange for this certificate or any portion hereof is registered in
the name of Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such other
entity as is requested by an authorized representative of DTC), any transfer,
pledge or other use hereof for value or otherwise by or to any person is
wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest
herein. INC.

[RULE 144A GLOBAL NOTE]
[REGULATION S GLOBAL NOTE]
[UNRESTRICTED GLOBAL NOTE]
representing up to and including
US$400,000,000
7 1/4% Senior Notes due 2009'>DOLE FOOD COMPANY, INC.
[RULE 144A GLOBAL NOTE]
[REGULATION S GLOBAL NOTE]
[UNRESTRICTED GLOBAL NOTE]
representing up to and including
US$400,000,000

7 1/4% Senior Notes due 2009Dole Food Company, Inc., a Delaware corporation,
(the "COMPANY," which term includes any successor Person under the Indenture
referred to on the reverse hereof), for value received, hereby promises to pay
Cede & Co., c/o the Depository Trust Company, 55 Water Street, New York, New
York 10041, or registered assigns, the principal sum set forth on Schedule 1
hereto on May 1, 2009 (the "STATED MATURITY DATE"), unless redeemed prior to
such date in accordance with the provisions referred to on the reverse hereof
(the Stated Maturity Date or date of earlier redemption, as the case may be, is
referred to herein as the "Maturity Date" with respect to the principal
repayable on such date), and to pay interest on the outstanding principal sum of
this Note from April 30, 2002 or from the most recent "INTEREST PAYMENT Date" to
which interest has been paid or duly provided for, semiannually on May 1 and
November 1 of each year, commencing November 1, 2002, and on the Maturity Date,
at the rate of 7 1/4% per annum, until the principal hereof and Make-Whole
Amount (as defined in the Indenture), if any, applicable hereto is paid or duly
provided for; provided that if any Registration Default with respect to this
Note occurs under the Registration Rights Agreement, then as provided in the
Registration Rights Agreement, the per annum interest rate on this Note will
increase for the period from the occurrence of such Registration Default until
such time as no Registration Default is in effect with respect to this Note (at
which time the interest rate will be reduced to its initial rate). The interest
so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the Person in whose name
this Note (or one or more Predecessor Notes) is registered at the close of
business on the "REGULAR RECORD DATE" for such interest, which shall be the
April 15 or October 15 (whether or not a Business Day, as defined below), as the
case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to the
Holder on such Regular Record Date and shall be payable as provided in the
Indenture.

                                       B-3

<PAGE>

     The Company will at all times appoint and maintain a Paying Agent (which
may be the Trustee) authorized by the Company to pay the principal of and
Make-Whole Amount, if any, and interest on any Notes on behalf of the Company
and having an office or agency in The City of New York and in such other cities,
if any, as the Company may designate in writing to the Trustee (the "PLACE OF
PAYMENT") where Notes may be presented or surrendered for payment and where
notices, designations or requests in respect for payments with respect to Notes
may be served. The Company has initially appointed J. P. Morgan Trust
Association, National Association, as such Paying Agent.

     Interest payments on this Note will be computed and paid on the basis of a
360-day year of twelve 30-day months. Interest payable on this Note on any
Interest Payment Date and on the Maturity Date will include interest accrued
from and including the most recent Interest Payment Date to which interest has
been paid or duly provided for (or from and including April 30, 2002, if no
interest has been paid on this Note) to but excluding such Interest Payment Date
or the Maturity Date, as the case may be.

     If any Interest Payment Date or the Maturity Date falls on a day that is
not a Business Day, principal, Make-Whole Amount and/or interest payable with
respect to such Interest Payment Date or Maturity Date, as the case may be, will
be paid on the next succeeding Business Day with the same force and effect as if
it were paid on the date such payment was due, and no interest shall accrue on
the amount so payable for the period from and after such Interest Payment Date
or the Maturity Date, as the case may be, to the next succeeding Business Day.
"BUSINESS DAY" means any day, other than Saturday or Sunday, that is neither a
legal holiday nor a day on which commercial banks are authorized or required by
law, regulation or executive order to close in The City of New York or San
Francisco.

     The principal, Make-Whole Amount and interest payable on this Note will be
made by wire transfer of immediately available funds to the Holder hereof in
such currency of the United States of America as at the time of payment is legal
tender for the payment of public and private debts.

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

     Unless the Certificate of Authentication hereon has been executed by the
Trustee by manual signature, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                        DOLE FOOD COMPANY, INC.

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

Attest:

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

                                       B-4

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

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

                                        J. P. MORGAN TRUST COMPANY,
                                        NATIONAL ASSOCIATION,
                                        as Trustee

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

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

                                       B-5

<PAGE>

[FORM OF REVERSE OF GLOBAL NOTE]

DOLE FOOD COMPANY, INC.

7 1/4% Senior Note due 2009'>[FORM OF REVERSE OF GLOBAL NOTE]

DOLE FOOD COMPANY, INC.

7 1/4% Senior Note due 2009This Note is one of a duly authorized issue of notes
of the Company (herein called the "NOTES"), issued under an Indenture dated as
of July 15, 1993, as supplemented by the First Supplemental Indenture dated as
of April 30, 2002 (as so supplemented, the "INDENTURE") among the Company and J.
P. Morgan Trust Company, National Association, as Trustee (the "TRUSTEE," which
term includes any successor trustee under the Indenture), to which Indenture and
all indentures supplemental thereto reference is hereby made for a statement of
the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated as the "7 1/4% Senior Notes due 2009" (the
"Notes"), limited initially in aggregate principal amount to US$400,000,000.
Capitalized terms used herein but not defined have the meanings ascribed to such
terms in the Indenture.

     This Note is not subject to any sinking fund.

     The Indenture provides that the Notes are redeemable at any time in whole,
or from time to time in part, at a Redemption Price (as defined in the
Indenture) equal to the sum of 100% of the aggregate principal amount of the
Notes redeemed, unpaid interest accrued on those Notes to the Redemption Date
(as defined in the Indenture) and the Make-Whole Amount, if any, applicable
thereto; provided, however, that installments of interest on Notes due on an
Interest Payment Date which occurs on or before any Redemption Date shall be
payable to the Holders of such Notes who were registered Holders as of the close
of business on the Regular Record Date immediately preceding such Interest
Payment Date. The Notes are redeemable on not less than 30 nor more than 60
calendar days' prior written notice.

     In case an Event of Default with respect to the Notes shall occur and be
continuing, the principal of the Notes may be, and in certain cases shall be,
declared due and payable in the manner and with the effect provided in the
Indenture.

     The Indenture contains provisions for defeasance at any time of (i) the
entire indebtedness of this Note or (ii) certain respective covenants and Events
of Default with respect to this Note, in each case upon compliance with certain
conditions set forth therein, which provisions apply to the Notes.

     The Holder of this Note is entitled to the benefits of the Registration
Rights Agreement in accordance with its terms.

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities to be affected under the
Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority of the principal amount of each series of Securities at
the time Outstanding and affected thereby. The Indenture also contains
provisions permitting the Holders of a majority of the principal amount of the
Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note or
Notes issued upon the registration of transfer hereof or in exchange hereof or
in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

                                       B-6

<PAGE>
     No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and Make-Whole Amount, if
any, and interest on this Note at the times, places and rate, and in the
currency herein prescribed.

     As provided in the Indenture and subject to certain limitations herein and
therein set forth, the transfer of this Note is registrable in the Register,
upon surrender of this Note for registration of transfer at the office or agency
of the Company in the Place of Payment, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the
Security Registrar, duly executed by, the Holder hereof or its attorney duly
authorized in writing, and thereupon one or more new Notes and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     The Notes are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations herein and
therein set forth, Notes are exchangeable for the same aggregate principal
amount of Notes and of like tenor and authorized denominations, as requested by
the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note be overdue, and none of the Company, the
Trustee or any such agent shall be affected by notice to the contrary.

     No recourse under or upon any obligation, covenant or agreement of the
Company in the Indenture or any indenture supplemental thereto or in any Note,
or because of the creation of any indebtedness represented thereby, shall be had
against any incorporator, stockholder, officer or director, as such, of the
Company or of any successor thereto, either directly or through the Company or
any successor thereto.

     This Note and the Indenture are governed by and construed in accordance
with the internal laws of the State of New York.

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

                                       B-7

<PAGE>

                                                                      SCHEDULE 1

               SCHEDULE OF CHANGES IN OUTSTANDING PRINCIPAL AMOUNT

     The following notations in respect of changes in the outstanding principal
amount of this Global Note have been made:

<TABLE>
<CAPTION>
                                  CHANGE IN OUTSTANDING     NEW     NOTATION
DATE   INITIAL PRINCIPAL AMOUNT      PRINCIPAL AMOUNT     BALANCE    MADE BY
----   ------------------------   ---------------------   -------   --------
<S>    <C>                        <C>                     <C>       <C>

</TABLE>

                                       B-8

<PAGE>

                                                                       EXHIBIT C

                      FORM OF TRANSFER/EXCHANGE CERTIFICATE
               FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED
            NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE
        (TRANSFERS AND EXCHANGES PURSUANT TO Section 211(a)(I)(a) OF THE
                          FIRST SUPPLEMENTAL INDENTURE)

J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION

[ADDRESS]

   RE: 7 1/4% SENIOR NOTES DUE 2009 OF DOLE FOOD COMPANY, INC. (THE "NOTES")

     Reference is hereby made to the Indenture, dated as of July 15, 1993, as
supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as
supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company")
and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee").
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     This letter relates to US$ _________ principal amount of Restricted
Certificated Notes presented or surrendered on the date hereof (the "Surrendered
Notes") which are registered in the name of [insert name of
transferor/exchanger] (the "Transferor"). The Transferor has requested a
transfer or exchange of such Surrendered Notes to a person that will take
delivery thereof in the form of beneficial interests in one or more Rule 144A
Global Notes (CUSIP [ISIN] No. __________).

     In connection with such request and in respect of such Surrendered Notes,
the Transferor does hereby certify that such transfer or exchange is being
effected pursuant to and in accordance with Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and, accordingly, the Transferor
does hereby further certify that the Surrendered Notes are being transferred to
a person that the Transferor reasonably believes is purchasing the Surrendered
Notes for its own account, or for one or more accounts with respect to which
such person exercises sole investment discretion, and such person and each such
account is a "qualified institutional buyer" within the meaning of Rule 144A to
whom notice has been given that the transfer is being made in reliance on Rule
144A, in each case in a transaction meeting the requirements of Rule 144A, and
in accordance with any applicable securities laws of any state of the United
States or any other jurisdiction.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company and the initial purchasers, if any, of
the initial offering of such Notes being transferred or exchanged.

[Insert Name of Transferor]

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

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

cc: DOLE FOOD COMPANY, INC.

                                       C-1

<PAGE>

                                                                       EXHIBIT D

                      FORM OF TRANSFER/EXCHANGE CERTIFICATE
               FOR TRANSFER/EXCHANGE FROM RESTRICTED CERTIFICATED
           NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE
        (TRANSFERS AND EXCHANGES PURSUANT TO Section 211(a)(I)(B) OF THE
                          FIRST SUPPLEMENTAL INDENTURE)

J.P. Morgan Trust Company, National Association
[Address]

      RE: 7 1/4% SENIOR NOTES DUE 2009 OF DOLE FOOD COMPANY (THE "NOTES")

     Reference is hereby made to the Indenture, dated as of July 15, 1993, as
supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as
supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company")
and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee").
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     This letter relates to US$________ principal amount of Restricted
Certificated Notes presented or surrendered on the date hereof (the "Surrendered
Notes") which are registered in the name of [insert name of
transferor/exchanger] (the "Transferor"). The Transferor has requested a
transfer or exchange of such Surrendered Notes to a person that will take
delivery thereof in the form of beneficial interests in one or more Regulation S
Global Notes (CUSIP [ISIN] No. ___________ ) [include if the transfer is made
during the Distribution Compliance Period: which amount, immediately after such
transfer, is to be held with the Depositary through Euroclear or Clearstream or
both (Common Code: ___________ ) until [40 days after the Closing Date].

     In connection with such request and in respect of such Notes, the
Transferor does hereby certify that such transfer or exchange has been effected
pursuant to and in accordance with Rule 903 or Rule 904 (as applicable) under
the Securities Act of 1933, as amended (the "Securities Act"), and accordingly
the Transferor does hereby further certify that:

     (1)  the offer of the Notes was not made to a U.S. person;

     (2)  either:

          (A)  at the time the buy order was originated, the transferee or
               exchangee was outside the United States or the Transferor and any
               person acting on its behalf reasonably believed that the
               transferee or exchangee was outside the United States, or

          (B)  the transaction was executed in, on or through the facilities of
               a designated offshore securities market and neither the
               Transferor nor any person acting on its behalf knows that the
               transaction was pre-arranged with a buyer in the United States;

     (3)  no directed selling efforts have been made in contravention of the
          requirements of Rule 903(a) or 904(a) of Regulation S, as applicable;

     (4)  the transaction is not part of a plan or scheme to evade the
          registration requirements of the Securities Act; and

     (5)  [include if the transfer is made during the Distribution Compliance
          Period: upon completion of the transaction, the Notes being
          transferred as described above are to be held with the Depositary
          through Euroclear or Clearstream or both (Common Code) until 40 days
          after the Closing Date].

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company and the initial purchasers, if any, of
the initial offering of such Notes being transferred or

                                       D-1

<PAGE>

exchanged. Terms used in this certificate and not otherwise defined in the
Indenture have the meanings set forth in Regulation S under the Securities Act.

[Insert Name of Transferor]

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

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

cc: DOLE FOOD COMPANY, INC.

                                       D-2

<PAGE>

                                                                       EXHIBIT E

                      FORM OF TRANSFER/EXCHANGE CERTIFICATE
                   FOR TRANSFER/EXCHANGE FROM RULE 144A GLOBAL
           NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE
       (TRANSFERS AND EXCHANGES PURSUANT TO Section 211(a)(II)(A) OF THE
                          FIRST SUPPLEMENTAL INDENTURE)

J.P. Morgan Trust Company, National Association
[Address]

   RE: 7 1/4% SENIOR NOTES DUE 2009 OF DOLE FOOD COMPANY, INC. (THE "NOTES")

     Reference is hereby made to the Indenture, dated as of July 15, 1993, as
supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as
supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company"),
and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee").
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     This letter relates to US$ __________ principal amount of Notes which are
evidenced by one or more Rule 144A Global Notes (CUSIP No. ___________) and held
with the Depositary and its participants for [insert name of
transferor/exchanger] (the "Transferor"). The Transferor has requested a
transfer or exchange of such beneficial interest in the Rule 144A Global Notes
to a person who will take delivery thereof in the form of beneficial interests
in one or more Regulation S Global Notes (CUSIP [ISIN] No. ________ and Common
Code # ____________) [include if the transfer is made during the Distribution
Compliance Period: which amount, immediately after such transfer, is to be held
with the Depositary through Euroclear or Clearstream or both until 40 days after
the Closing Date].

     In connection with such request and in respect of such Notes, the
Transferor does hereby certify that such transfer or exchange has been effected
pursuant to and in accordance with Rule 903 or Rule 904 (as applicable) under
the Securities Act of 1933, as amended (the "Securities Act"), and accordingly
the Transferor does hereby further certify that:

     (1)  the offer of the Notes was not made to a U.S. person;

     (2)  either:

          (A)  at the time the buy order was originated, the transferee or
               exchangee was outside the United States or the Transferor and any
               person acting on its behalf reasonably believed that the
               transferee or exchangee was outside the United States, or

          (B)  the transaction was executed in, on or through the facilities of
               a designated offshore securities market and neither the
               Transferor nor any person acting on its behalf knows that the
               transaction was pre-arranged with a buyer in the United States;

     (3)  no directed selling efforts have been made by the Transferor or any
          person acting on its behalf in contravention of the requirements of
          Rule 903(a)(2) or 904(a)(2) of Regulation S, as applicable;

     (4)  the transaction is not part of a plan or scheme to evade the
          registration requirements of the Securities Act; and

     (5)  [include if the transfer is made during the Distribution Compliance
          Period: upon completion of the transaction, the beneficial interest
          being transferred as described above is to be held with the Depositary
          through Euroclear or Clearstream or both until 40 days after the
          Closing Date].

                                       F-1

<PAGE>

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company and the initial purchasers, if any, of
the initial offering of such Notes being transferred or exchanged. Terms used in
this certificate and not otherwise defined in the Indenture have the meanings
set forth in Regulation S under the Securities Act.

[Insert Name of Transferor]

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

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

cc: DOLE FOOD COMPANY, INC.

                                       F-2

<PAGE>

                                                                       EXHIBIT F

                     FORM OF TRANSFER/EXCHANGE CERTIFICATES
                 FOR TRANSFER/EXCHANGE FROM REGULATION S GLOBAL
            NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE
        (TRANSFERS AND EXCHANGES PURSUANT TO Section 211(b) OF THE FIRST
                             SUPPLEMENTAL INDENTURE)

                            [TRANSFEROR CERTIFICATE]

J.P. Morgan Trust Company, National Association
[Address]

   RE: 7 1/4% SENIOR NOTES DUE 2009 OF DOLE FOOD COMPANY, INC. (THE "NOTES")

     Reference is hereby made to the Indenture, dated as of July 15, 1993, as
supplemented by the First Supplemental Indenture dated as of April 30, 2002 (as
supplemented, the "Indenture"), among Dole Food Company, Inc. (the "Company")
and J.P. Morgan Trust Company, National Association, as trustee (the "Trustee").
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     This letter relates to US$ _____________ principal amount of Notes which
are evidenced by one or more Regulation S Global Notes (ISIN No. ____________)
(Common Code: ___________) and held with the Depositary through [Euroclear]
[Clearstream] for [insert name of transferor/exchanger] (the "Transferor"). The
Transferor has requested a transfer or exchange of such beneficial interest in
the Regulation S Global Notes to a person that will take delivery thereof (the
"Transferee") in the form of beneficial interests in one or more Rule 144A
Global Notes (CUSIP No. ________).

     In connection with such request and in respect of such Notes, the
Transferor does hereby certify that the transfer or exchange is to a QIB
purchasing the Notes for its own account or for the accounts of one or more QIBs
as to which it exercises sole investment discretion, in a transaction meeting
the requirements of Rule 144A, and to whom notice has been given that the
transfer as being made in reliance upon Rule 144A, in each case, in accordance
with any applicable securities laws of any state of the United States or any
other jurisdiction.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company and the initial purchasers, if any, of
the initial offering of such Notes being transferred or exchanged.

[Insert Name of Transferor]

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

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

cc: DOLE FOOD COMPANY, INC.

                                       H-1

<PAGE>

                                                                       EXHIBIT G

                           FORM OF PURCHASER'S LETTER

Dole Food Company, Inc.
c/o J.P. Morgan Trust Company, National Association
55 Water St., North Building
Securities Window, Second Floor
New York, New York 10048

Dear Sirs:

     In connection with our proposed purchase of $_________ aggregate principal
amount of the 7 1/4% Notes due 2009 (the "Notes") of Dole Food Company, Inc., a
Delaware corporation, we confirm that:

     (i)   we are an institutional "accredited investor" within the meaning of
           Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as
           amended (the "Securities Act") (an "institutional accredited
           investor");

     (ii)  any purchase of the notes by us will be for our own account or for
           the account of one or more other institutional accredited investors
           for which we exercise sole investment discretion;

     (iii) in the event that we purchase any of the notes, we will acquire notes
           having a minimum purchase price of not less than $100,000, in each
           case for our own account or for any separate account for which we are
           acting;

     (iv)  we have such knowledge and experience in financial and business
           matters that we are capable of evaluating the merits and risks of
           purchasing the notes;

     (v)   we are not acquiring the notes with a view to, or for offer or sale
           in connection with, any distribution in violation of the Securities
           Act; and

     (vi)  we have received a copy of the offering memorandum and acknowledge
           that we have had access to such financial and other information, and
           have been afforded the opportunity to ask such questions of
           representatives of the Company and receive answers thereto, as we
           deem necessary in connection with our decision to purchase the notes.

     We understand that the notes are being offered in a transaction not
involving any public offering within the United States within the meaning of the
Securities Act and that the notes have not been registered under the Securities
Act, and we agree, on our own behalf and on behalf of each account for which we
acquire any notes, that if in the future we decide to offer, resell, pledge or
otherwise transfer such notes, such notes may be offered, resold, pledged or
otherwise transferred only (i) to the Company or any of its subsidiaries, (ii)
to a person whom we reasonably believe is a "qualified institutional buyer" (as
defined in Rule 144A under the Securities Act), (iii) to a person whom we
reasonably believe is an institutional accredited investor in a transaction in
which the institutional accredited investor, prior to the transfer, furnishes to
the trustee a signed letter substantially in the form of this letter, (iv)
outside the United States in a transaction in accordance with Rule 904 under the
Securities Act, (v) pursuant to an exemption from registration provided by Rule
144 under the Securities Act (if available), (vi) pursuant to any other
available exemption from the registration requirements of the Securities Act or
(vii) pursuant to an effective registration statement under the Securities Act,
in each of cases (i) through (vii), in accordance with any applicable securities
laws of any state of the United States or any other applicable jurisdiction. We
understand that, prior to any transfer referred to in clause (iii), (iv), (v) or
(vi) of the preceding sentence, we must furnish to the trustee for the notes
such certifications, legal opinions and other information as the Company may

                                       I-1

<PAGE>

reasonably require to confirm that such transfer is being made pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

     We acknowledge that you, the Company and others will rely upon our
confirmations, acknowledgements and agreements set forth herein, and we agree to
notify you promptly in writing if any of our representations or warranties
herein ceases to be accurate and complete.

     THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
LAWS.

Date:                                   ----------------------------------------
      ------------------------------    (Name of Purchaser)

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

     Upon transfer or exchange the Notes would be registered in the name of the
new owner as follows:

<TABLE>
<CAPTION>
                 TAXPAYER I.D.
NAME   ADDRESS       NUMBER
----   -------   -------------
<S>    <C>       <C>

</TABLE>

                                       I-2

<PAGE>

QuickLinks

<TABLE>
<S>                                                                             <C>
RECITALS
ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
ARTICLE TWO TITLE AND TERMS OF THE NOTES
ARTICLE THREE AMENDMENT
ARTICLE FOUR MISCELLANEOUS PROVISIONS
FORM OF FACE OF CERTIFICATED NOTE
CERTIFICATE OF AUTHENTICATION
ABBREVIATIONS
ASSIGNMENT
FORM OF GLOBAL NOTE
Certificate of Authentication
SCHEDULE OF CHANGES IN OUTSTANDING PRINCIPAL AMOUNT
FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RESTRICTED
CERTIFICATED NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE (Transfers
and exchanges pursuant to Section 211(a)(i)(A) of the First Supplemental
Indenture)
FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RESTRICTED
CERTIFICATED
NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE (Transfers and
exchanges pursuant to Section 211(a)(i)(B) of the First Supplemental Indenture)
FORM OF TRANSFER/EXCHANGE CERTIFICATE FOR TRANSFER/EXCHANGE FROM RULE
144A GLOBAL NOTE TO BENEFICIAL INTERESTS IN A REGULATION S GLOBAL NOTE
(Transfers and exchanges pursuant to Section 211(a)(ii)(A) of the First
Supplemental Indenture)
FORM OF TRANSFER/EXCHANGE CERTIFICATES FOR TRANSFER/EXCHANGE FROM
REGULATION S GLOBAL
NOTE TO BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE
(Transfers and exchanges pursuant to Section 211(b) of the First Supplemental
Indenture) [Transferor Certificate]
FORM OF PURCHASER'S LETTER
</TABLE>

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