Document:

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                                                                     EXHIBIT 4.1

      THIS SUPPLEMENTAL INDENTURE, dated as of May 29, 2002 to the Indenture
(herein called the "Indenture"), dated as of June 30, 1998, with respect to the
Issuers' 10 1/4% Senior Notes due 2008 (the "Senior Notes"), is by and among
AMERICAN COMMERCIAL LINES LLC, a Delaware limited liability company (the
"Company"), ACL Capital Corp., a Delaware corporation ("ACL Capital" and
together with the Company, the "Issuers") and The Bank of New York (as successor
trustee to United States Trust Company of New York), as trustee (herein called
the "Trustee").

      PRELIMINARY STATEMENT

      Capitalized terms used and not otherwise defined herein shall have the
meanings ascribed to them in the Indenture.

      Section 9.2 of the Indenture provides that, under certain circumstances, a
supplemental indenture may be entered into by the Issuers and the Trustee with
the written consent of the Holders of at least a majority in aggregate principal
amount of the then outstanding Senior Notes. In accordance with the terms of
Sections 9.2 and 9.6 of the Indenture, the Issuers have, by resolution of the
Board of Managers, authorized this Supplemental Indenture. The Trustee has
determined that this Supplemental Indenture is in form satisfactory to it.

      The Issuers have offered their 11 1/4% Senior Notes due January 1, 2008
("New Senior Notes") and their 12% Pay-In-Kind Senior Subordinated Notes due
July 1, 2008 ("New PIK Notes" and together with the New Senior Notes, the "New
Notes"), in exchange for all of the outstanding Senior Notes (the "Exchange
Offer") pursuant to the Offering Memorandum, Solicitation of Releases, Consents
and Acceptances and Disclosure Statement, dated April 15, 2002 (as the same may
be amended, supplemented or otherwise modified from time to time, the "Offering
Memorandum and Disclosure Statement"), and, in connection therewith, the Issuers
solicited consents to proposed amendments to the Indenture. This Supplemental
Indenture evidences the proposed amendments.

      All things necessary to make this Supplemental Indenture a valid agreement
of the Issuers and the Trustee and a valid amendment of and supplement to the
Indenture have been performed.

      NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

      For and in consideration of the premises, it is mutually covenanted and
agreed, for the equal and proportionate benefit of all Holders of the Senior
Notes issued under the Indenture from and after the date of this Supplemental
Indenture, as follows:

      Section 1. Amendments to the Indenture.

      1.1   Deletions.

            Each of Section 3.9 (Offer To Purchase By Application of Excess
            Proceeds); Section 4.3 (Reports), Section 4.5 (Taxes), Section 4.7
            (Restricted Payments), Section 4.8 (Dividend and Other Payment
            Restrictions Affecting Subsidiaries), Section 4.9 (Incurrence of
            Indebtedness and Issuance of Preferred Equity), Section 4.10 (Asset
            Sales), Section 4.11 (Transactions With Affiliates), Section 4.12
            (Liens), Section 4.14 (Offer To Repurchase Upon Change of Control),
            Section 4.15 (Senior Debt; Liens), Section 4.16 (Sales of Accounts
            Receivable), Section 4.17 (Sale and Leaseback Transactions), Section
            4.18 (Restriction On Preferred Stock of Subsidiaries), Section 4.19
            (Restrictions On Activities of ACL Capital), Section 4.20 (Payments
            For Consent), Section 4.21 (Additional Subsidiary Guarantees),
            Section 4.22 (Restrictions On Business Activities) and Section 8.3
            (Covenant Defeasance) of the Indenture
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            (collectively, together with those portions of the Indenture
            referred to in Section 1.2 hereof, the "Designated Provisions") is
            hereby deleted in its entirety and replaced with the words
            "Intentionally Omitted."

      1.2   Amendments to Other Sections.

            (a)   Notwithstanding any provision in the Indenture to the
                  contrary, the definition of each capitalized term contained in
                  the Indenture which occurs only within the Designated
                  Provisions as in effect prior to the execution of this
                  Supplemental Indenture, is hereby deleted in its entirety and
                  from the date hereof shall have no force or effect.

            (b)   Section 1.1 of the Indenture is hereby amended as follows:

                  (i)   The definition of the term "Disqualified Stock" is
                        hereby amended and restated as follows:

                  "'Disqualified Stock' means any Capital Stock that, by its
                  terms (or by the terms of any security into which it is
                  convertible, or for which it is exchangeable, at the option of
                  the holder thereof), or upon the happening of any event,
                  matures or is mandatorily redeemable, pursuant to a sinking
                  fund obligation or otherwise, or redeemable at the option of
                  the Holder thereof, in whole or in part, on or prior to the
                  date that is 91 days after the date on which the Notes
                  mature."

                  (ii)  The following terms and definitions are hereby added:

                        (A) "Junior Securities" means any Qualified Capital
                        Stock and any Indebtedness of a Subsidiary Guarantor
                        that is contractually subordinated in right of payment
                        to all Senior Subsidiary Obligations (and any securities
                        issued in exchange for or in replacement of Senior
                        Subsidiary Obligations) at least to the same extent as
                        the Subsidiary Guarantees are subordinated to the Senior
                        Subsidiary Obligations pursuant to this Indenture and
                        has no scheduled installment of principal due, by
                        redemption, sinking fund payment or otherwise, on or
                        prior to the stated maturity of the Senior Notes and the
                        Senior Subordinated Notes."

                        (B) "Qualified Capital Stock" means any Capital Stock
                        that is not Disqualified Stock.

                        (C) "Senior Notes" means the Issuers' senior notes due
                        January 1, 2008.

                        (D) "Senior Subordinated Notes" means the Issuers'
                        senior subordinated notes due July 1, 2008.

                        (E) "Senior Subsidiary Obligations" means (i) Guarantees
                        under the Senior Credit Facilities or a New Credit
                        Facility, (ii) Hedging Obligations, (iii) Guarantees
                        under the Senior Notes, (iv) Guarantees under the Senior
                        Subordinated Notes or (v) any other Indebtedness
                        permitted to be incurred under the terms of this
                        Indenture, unless the instrument under which such
                        Indebtedness is

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                        incurred expressly provides that it is subordinated in
                        right of payment to the Senior Notes and the Senior
                        Subordinated Notes.

            (c)   Section 1.2 of the Indenture is hereby amended by adding the
                  following terms and cross references:

<TABLE>
<S>                                                                     <C>
                        "Payment Blockage Notice" .................     10.2.1

                        "Payment Blockage Period" .................     10.2.1

                        "Payment Default" .........................     10.2.1
</TABLE>

            (d)   Section 4.4 of the Indenture is hereby amended by deleting
                  subsection (b) thereof.

            (e)   Section 5.1 of the Indenture is hereby amended by deleting
                  clauses (iv) and (v).

            (f)   Section 6.1 of the Indenture is hereby amended by:

                  (i)   Deleting clauses (c), (e), (f), (g), (h) and (i) in
                        their entirety; and

                  (ii)  Amending and restating Section 6.1(d) as follows:

                        "(d) failure by the Issuers or any of their Subsidiaries
                  for 30 days after receipt by the Issuers of Notice from the
                  Trustee or by the Issuers and the Trustee of notice from the
                  holders of at least 25% in principal amount of Notes then
                  outstanding to comply with Sections 4.1, 4.2, 4.4, 4.6 or 4.13
                  of this Indenture."

            (g)   Section 6.2 of the Indenture is hereby amended and restated as
                  follows:

                        "If any Event of Default occurs and is continuing, the
                  Trustee or the Holders of at least 25% in principal amount of
                  then outstanding Notes may declare all the Notes to be due and
                  payable immediately."

            (h)   Section 7.7 of the Indenture is hereby amended by deleting the
                  second to last paragraph thereof.

            (i)   Section 8.3 of the Indenture is hereby deleted in its
                  entirety:

            (j)   Section 8.4(d) of the Indenture is hereby amended and restated
                  as follows:

                  "no Default or Event of Default shall have occurred and be
                  continuing on the date of such deposit (other than a Default
                  or Event of Default resulting from the incurrence of
                  Indebtedness all or a portion of the proceeds of which will be
                  used to defease the Notes pursuant to this Article Eight
                  concurrently with such incurrence);"

            (k)   Section 9.2 is hereby amended to remove the references to
                  Sections 4.10 and 4.14 in the first parenthetical phrase and
                  to remove the reference to Sections 4.10 and 4.14 in
                  subsection (b) thereof.

            (l)   Section 10.2 of the Indenture is hereby amended and restated
                  in its entirety as follows:

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                  10.2.1 Ranking of Subsidiary Guarantees.

                        The Issuers and the Subsidiary Guarantors covenant and
                  agree, and each Holder of a Note, by his acceptance thereof,
                  likewise covenants and agrees, that, to the extent and in the
                  manner hereinafter set forth in this Article 10, the
                  Indebtedness represented by the Subsidiary Guarantees is
                  subordinate and junior in right of payment to all Senior
                  Subsidiary Obligations of the Subsidiary Guarantors.

                        No Subsidiary Guarantor may make payment (by set-off or
                  otherwise) on account of any Obligation in respect of the
                  Notes, including the principal of, premium, if any, or
                  interest on the Notes, or on account of the redemption
                  provisions of the Notes (including any repurchases of Notes),
                  for cash or property (other than Junior Securities):

                        (a) Upon the maturity of any Senior Subsidiary
                  Obligations in respect of which it is an obligor or guarantor
                  whether by lapse of time, acceleration (unless waived) or
                  otherwise, unless and until all Obligations in respect of such
                  Senior Subsidiary Obligations are first paid in full in cash
                  and, in the case of Senior Subsidiary Obligations under any
                  New Credit Facility, all letters of credit issued under such
                  New Credit Facility shall either have been terminated or cash
                  collateralized in accordance with the terms thereof; or

                        (b) In the event of default in the payment of any Senior
                  Subsidiary Obligations in respect of which it is an obligor or
                  guarantor, when such Senior Subsidiary Obligation become due
                  and payable, whether at maturity or at a date fixed for
                  prepayment or by declaration or otherwise (a "Payment
                  Default") unless and until such Payment Default has been cured
                  or waived or otherwise has ceased to exist or such Senior
                  Subsidiary Obligations have been paid in full in cash.

                        Upon (i) the happening of an event of default other than
                  a Payment Default that permits the holders of Senior
                  Subsidiary Obligations to declare such Senior Subsidiary
                  Obligations to be due and payable and (ii) written notice of
                  such event of default delivered to the Issuers and the Trustee
                  by the representative under the Senior Credit Facilities, any
                  New Credit Facility, the Senior Notes, the Senior Subordinated
                  Notes or the holder of an aggregate of at least $50.0 million
                  principal amount outstanding of any other Senior Subsidiary
                  Obligations or their representative (a "Payment Blockage
                  Notice"), then, unless and until such event of default has
                  been cured or waived or otherwise has ceased to exist, no
                  payment (by set off or otherwise) may be made by or on behalf
                  of any Subsidiary Guarantor, which is an obligor or guarantor
                  under such Senior Subsidiary Obligation, on account of any
                  Obligation in respect of the Notes, including the principal
                  of, premium, if any, or interest on the Notes (including any
                  repurchase of any of the Notes) or on account of the
                  redemption provisions of the Notes in any such case other than
                  payments made with Junior Securities. Notwithstanding the
                  foregoing, unless the Senior Subsidiary Obligations in respect
                  of which such event of default exists has been declared due
                  and payable in its entirety within 179 days after the Payment
                  Blockage Notice is delivered as set forth above (the "Payment
                  Blockage Period") (and such declaration has not been rescinded
                  or waived) at the end of the Payment Blockage Period, the
                  Subsidiary Guarantors shall be required to pay all sums not
                  previously paid to the Holders of the Notes during the Payment
                  Blockage Period due to the foregoing prohibitions and to
                  resume all other payments as and when due on the Notes.

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                        Any number of Payment Blockage Notices may be given;
                  provided, that not more than one Payment Blockage Notice shall
                  be given within a period of any 360 consecutive days except
                  that if any Payment Blockage Notice is given by holders of
                  Senior Subsidiary Obligations other than Senior Subsidiary
                  Obligations under the Senior Credit Facilities, any New Credit
                  Facility, the Senior Notes or the Senior Subordinated Notes,
                  then the representative of the Senior Subsidiary Obligations
                  under the Senior Credit Facilities, any such New Credit
                  Facility, the Senior Notes or the Senior Subordinated Notes
                  may give another Payment Blockage Notice, provided that the
                  total number of days during which any Payment Blockage Period
                  or Periods is in effect shall not exceed 179 days during any
                  360 consecutive day period.

                        Upon any payment or distribution by or of the assets of
                  any Subsidiary Guarantor upon any dissolution, winding up,
                  total or partial liquidation or reorganization of the Issuers
                  or a Subsidiary Guarantor, whether voluntary or involuntary,
                  in bankruptcy, insolvency, receivership or a similar
                  proceeding or upon assignment for the benefit of creditors or
                  any marshaling of assets or liabilities (i) the holders of all
                  of such Subsidiary Guarantor's Senior Subsidiary Obligations,
                  as applicable, will first be entitled to receive payment in
                  full in cash and all letters of credit issued under the Senior
                  Credit Facility or any New Credit Facility will either have
                  been terminated or cash collateralized in accordance with
                  terms thereof before the Holders are entitled to receive any
                  payment (other than in the form of Junior Securities) on
                  account of any Obligation in respect of the Notes, including
                  the principal of, premium, if any, and interest on the Notes;
                  and (ii) any payment or distribution by or of the assets of
                  such Subsidiary Guarantor of any kind or character from any
                  source, whether in cash, property or securities (other than
                  Junior Securities) to which the Holders or the Trustee on
                  behalf of the Holders would be entitled (by set-off or
                  otherwise), except for the subordination provisions contained
                  in this Article 10, will be paid by the liquidating trustee or
                  agent or other Person making such a payment or distribution
                  directly to the holders of such Senior Subsidiary Obligations
                  or their representative to the extent necessary to make
                  payment in full in cash on all such Senior Subsidiary
                  Obligations remaining unpaid, after giving effect to any
                  concurrent payment or distribution to the holders of such
                  Senior Subsidiary Obligations.

                        In the event that, notwithstanding the foregoing, any
                  payment or distribution by or of the assets of any Subsidiary
                  Guarantor (other than Junior Securities) shall be received by
                  the Trustee or the Holders at a time when such payment or
                  distribution is prohibited by the foregoing provisions, such
                  payment or distribution shall be held in trust for the benefit
                  of the holders of such Senior Subsidiary Obligations, and
                  shall be immediately paid or delivered by the Trustee or such
                  Holders, as the case may be, to the holders of such Senior
                  Subsidiary Obligations remaining unpaid or to their
                  representative or representatives, or to the trustee or
                  trustees under any indenture pursuant to which any instruments
                  evidencing any of such Senior Subsidiary Obligations may have
                  been issued, ratably according to the aggregate principal
                  amounts remaining unpaid on account of such Senior Subsidiary
                  Obligations held or represented by each, for application to
                  the payment of all such Senior Subsidiary Obligations
                  remaining unpaid, to the extent necessary to pay all such
                  Senior Subsidiary Obligations in full in cash after giving
                  effect to any concurrent payment or distribution to the
                  holders of such Senior Subsidiary Obligations.

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                        Senior Subsidiary Obligations shall not be deemed to
                  have been paid in full unless the holders thereof shall have
                  received cash, securities or other property equal to the
                  amount of such Senior Subsidiary Obligations then outstanding.
                  Upon the payment in full of all Senior Subsidiary Obligations,
                  the Holders of Notes shall be subrogated to all rights of any
                  holders of Senior Subsidiary Obligations to receive any
                  further payments or distributions applicable to the Senior
                  Subsidiary Obligations until the Senior Subsidiary Obligations
                  evidenced by the Notes shall have been paid in full, and such
                  payments or distributions received by such Holders, by reason
                  of such subrogation, of cash, securities or other property
                  which otherwise would be paid or distributed to the holders of
                  Senior Subsidiary Obligations, shall, as between the
                  Subsidiary Guarantors and their creditors other than the
                  holders of Senior Subsidiary Obligations, on the one hand, and
                  such Holders, on the other hand, be deemed to be a payment by
                  the Issuers on account of Senior Subsidiary Obligations, and
                  not on account of the Notes.

                        The provisions of this Section 10.2.1 shall not impair
                  any rights, interests, remedies or powers of any secured
                  creditor of the Issuers in respect of any security interest
                  the creation of which is not prohibited by the provisions of
                  this Indenture.

                        The securing of any obligations of the Issuers,
                  otherwise ranking on a parity with the Notes or ranking junior
                  to the Notes, shall not be deemed to prevent such obligations
                  from constituting, respectively, obligations ranking on a
                  parity with the Notes or ranking junior to the Notes.

                  10.2.2 Reliance on Certificate of Liquidating Agent; Further
                  Evidence as to Ownership of Senior Subsidiary Obligations.

                        Upon any payment or distribution of assets of the
                  Issuers or any Subsidiary Guarantor, the Trustee and the
                  Holders shall be entitled to rely upon an order or decree
                  issued by any court of competent jurisdiction in which such
                  dissolution or winding-up or liquidation or reorganization
                  proceedings are pending or upon a certificate of the trustee
                  in bankruptcy, receiver, assignee for the benefit of creditors
                  or other Person making such payment or distribution, delivered
                  to the Trustee or to the Holders, for the purpose of
                  ascertaining the Persons entitled to participate in such
                  distribution, the holders of the Senior Subsidiary Obligations
                  and other Indebtedness of the Subsidiary Guarantors, the
                  amount thereof or payable thereon, the amount or amounts paid
                  or distributed thereon and all other facts pertinent thereto
                  or to this Article 10. In the absence of any such bankruptcy
                  trustee, receiver, assignee or other Person, the Trustee shall
                  be entitled to rely upon a written notice by a Person
                  representing himself to be a holder of Senior Subsidiary
                  Obligations (or a trustee or representative on behalf of such
                  holder) as evidence that such Person is a holder of Senior
                  Subsidiary Obligations (or is such a trustee or
                  representative). If the Trustee determines, in good faith,
                  that further evidence is required with respect to the right of
                  any Person as a holder of Senior Subsidiary Obligations to
                  participate in any payment or distribution pursuant to this
                  Article 10, the Trustee may request such Person to furnish
                  evidence to the reasonable satisfaction of the Trustee as to
                  the amount of Senior Subsidiary Obligations held by such
                  Person, as to the extent to which such Person is entitled to
                  participate in such payment or distribution, and as to other
                  facts pertinent to the rights of such Person under this
                  Article 10, and if such evidence is not furnished, the Trustee
                  may defer any payment to such Person pending judicial
                  determination as to the right of such Person to receive such
                  payment.

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                  10.2.3 Application by Trustee of Assets Deposited with It.

                        Amounts deposited in trust with the Trustee pursuant to
                  and in accordance with Article 8 shall be for the sole benefit
                  of Holders of Notes subject thereto and, to the extent
                  allocated for the payment of such Notes, shall not be subject
                  to the subordination provisions of this Article 10. Otherwise,
                  any deposit of assets with the Trustee (whether or not in
                  trust) for the payment of the principal of or any premium or
                  interest on any Notes shall be subject to the provisions of
                  this Article 10; provided, however, if prior to one Business
                  Day preceding the date on which by the terms of this Indenture
                  any such assets may become distributable for any purpose
                  (including, without limitation, the payment of the principal
                  of or any premium or interest on any Note) the Trustee shall
                  not have received with respect to such assets the Officers'
                  Certificate or written notice provided for in Section 10.2.4,
                  then the Trustee shall have full power and authority to
                  receive such assets and to apply the same to the purpose for
                  which they were received.

                  10.2.4 Trustee Not Charged with Knowledge of Prohibition.

                        Anything in this Article 10 or elsewhere in this
                  Indenture contained to the contrary notwithstanding, the
                  Trustee shall not at any time be charged with knowledge of the
                  existence of any facts which would prohibit the making of any
                  payment of moneys to or by Trustee and shall be entitled to
                  assume conclusively that no such facts exist, unless and until
                  the Trustee shall have received an Officers' Certificate to
                  that effect or notice in writing to that effect signed by or
                  on behalf of the holder or holders, or their representatives,
                  of Senior Subsidiary Obligations who shall have been certified
                  by the Issuers or otherwise established to the reasonable
                  satisfaction of the Trustee to be such holder or holders or
                  representatives or from any trustee under any indenture
                  pursuant to which such Senior Subsidiary Obligations shall be
                  outstanding; provided, however, that, if the Trustee shall not
                  have received the Officers' Certificate or notice provided for
                  in this Section 10.2.4 at least one Business Day preceding the
                  date upon which by the terms hereof any such moneys may become
                  payable for any purpose (including, without limitation, the
                  payment of the principal of or any premium or interest on any
                  Note), then, anything herein contained to the contrary
                  notwithstanding, the Trustee shall have full power and
                  authority to receive such moneys and apply the same to the
                  purpose for which they were received and shall not be affected
                  by any notice to the contrary which may be received by it
                  within one Business Day preceding such date. The Issuers shall
                  give prompt written notice to the Trustee and to each Paying
                  Agent of any facts which would prohibit any payment of moneys
                  to or by the Trustee or any Paying Agent, and the Trustee
                  shall not be charged with knowledge of the curing of any
                  default or the elimination of any other fact or condition
                  preventing such payment or distribution unless and until the
                  Trustee shall have received an Officers' Certificate to such
                  effect.

                  10.2.5 Trustee to Effectuate Subordination.

                        Each Holder of Notes by his acceptance thereof
                  authorizes and directs the Trustee on his behalf to take such
                  action as may be necessary or appropriate to effectuate the
                  subordination as between such Holder and holders of Senior
                  Subsidiary Obligations as provided in this Section 10.2.5 and
                  appoints the Trustee its attorney-in-fact for any and all such
                  purposes, including, in the event of any dissolution,

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                  winding-up, liquidation or reorganization of the Issuers
                  (whether in bankruptcy, insolvency or receivership proceedings
                  or upon an assignment for the benefit of creditors of the
                  Issuers), the immediate filing of a claim for the unpaid
                  balance of his Notes in the form required in said proceedings
                  and cause said claim to be approved. If the Trustee does not
                  file a proper claim or proof of debt in the form required in
                  such proceeding prior to 30 days before the expiration of the
                  time to file such claim or claims, then the holders of the
                  Senior Subsidiary Obligations or their representative is
                  hereby authorized to have the right to file and is hereby
                  authorized to file an appropriate claim for and on behalf of
                  the Holders of said Notes. Nothing herein contained shall be
                  deemed to authorize the Trustee or the holders of Senior
                  Subsidiary Obligations or their representative to authorize or
                  consent to or accept or adopt on behalf of any Holder of Notes
                  any plan of reorganization, arrangement, adjustment or
                  composition affecting the Securities or the rights of any
                  Holder thereof, or to authorize the Trustee or the holders of
                  Senior Subsidiary Obligations or their representative to vote
                  in respect of the claim of any Holder of Notes in any such
                  proceeding.

                  10.2.6 Rights of Trustee as Holder of Senior Subsidiary
                  Obligation.

                        The Trustee shall be entitled to all the rights set
                  forth in this Article 10 with respect to any Senior Subsidiary
                  Obligations which may at the time be held by it, to the same
                  extent as any other holder of Senior Subsidiary Obligations
                  and nothing in this Indenture shall deprive the Trustee of any
                  of its rights as such holder. Nothing in this Article 10 shall
                  apply to claims of, or payments to, the Trustee under or
                  pursuant to Section 7.7.

                  10.2.7 Article Applicable to Paying Agents.

                        In case at any time any Paying Agent other than the
                  Trustee shall have been appointed by the Issuers and be then
                  acting hereunder, the term "TRUSTEE" as used in this Article
                  10 shall in such case (unless the context shall otherwise
                  require) be construed as extending to and including such
                  Paying Agent within its meaning as fully for all intents and
                  purposes as if the Paying Agent were named in this Article 10
                  in addition to or in place of the Trustee; provided, however,
                  that Sections 10.2.4 and 10.2.6 shall not apply to the Issuers
                  if they act as Paying Agent.

                  10.2.8 Subordination Rights Not Impaired by Acts or Omissions
                  of the Issuers or Subsidiary Guarantors or Holders of Senior
                  Subsidiary Obligations.

                        No right of any present or future holders of any Senior
                  Subsidiary Obligations to enforce subordination as herein
                  provided shall at any time in any way be prejudiced or
                  impaired by any act or failure to act on the part of the
                  Issuers or any Subsidiary Guarantor or by any act or failure
                  to act, in good faith, by any such holder, or by any
                  noncompliance by the Issuers or any Subsidiary Guarantor with
                  the terms, provisions and covenants of this Indenture,
                  regardless of any knowledge thereof which any such holder may
                  have or be otherwise charged with. The holders of Senior
                  Subsidiary Obligations may, at any time or from time to time
                  and in their absolute discretion, change the manner, place or
                  terms of payment, change or extend the time of payment of, or
                  renew or alter, any such Senior Subsidiary Obligations, or
                  amend or supplement any instrument pursuant to which any such
                  Senior Subsidiary Obligations are issued or by which it may be
                  secured, or release any security therefor,

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                  or exercise or refrain from exercising any other of their
                  rights under the Senior Subsidiary Obligation, including,
                  without limitation, the waiver of default thereunder, all
                  without notice to or assent from the Holders of the Notes or
                  the Trustee and without affecting the obligations of the
                  Issuers, the Subsidiary Guarantors, the Trustee or the Holders
                  of Notes under this Article 10.

                  10.2.9 Holders of Senior Subsidiary Obligations.

                        The Trustee shall not be deemed to owe any fiduciary
                  duty to the holders of the Senior Subsidiary Obligations, and
                  shall not be liable to any such holders if it shall mistakenly
                  pay over or distribute money or assets to Holders of Notes or
                  the Issuers.

            (m)   Section 10.4 is hereby amended by deleting the last paragraph
                  thereof.

            (n)   Section 10.5 is hereby amended by deleting subsection (c) and
                  deleting the word "and" at the end of subsection (b) thereof
                  and replace ";" with ".".

            (o)   Section 11.2 of the Indenture is hereby amended and restated
                  by replacing the name and address of the Trustee with the
                  following:

                  "The Bank of New York
                  5 Penn Plaza, 13th Fl.
                  New York, New York 10001
                  Telecopier No.: (212) 896-7298
                  Attention: Corporate Trust Administration"

      Section 2. Effectiveness; Termination.

      (a) This Supplemental Indenture is entered into pursuant to and consistent
with Section 9.2 of the Indenture, and nothing herein shall constitute an
amendment, supplement or waiver requiring the approval of each Holder pursuant
to clauses (a) through (h) of the last paragraph of Section 9.2.

      (b) This Supplemental Indenture shall become effective and binding on the
Issuers, the Subsidiary Guarantors, the Trustee and the Holders of the Senior
Notes upon the execution and delivery by the parties to this Supplemental
Indenture; provided, however, that the provisions of the Indenture referred to
in Section 1 above (such provisions being referred to as the "Amended
Provisions") will remain in effect in the form they existed prior to the
execution of this Supplemental Indenture, the deletions and amendments of the
Amended Provisions will not become operative, and the terms of the Indenture
will not be amended, modified or deleted, in each case unless and until the date
and time, if any (the "Closing Date"), that the Issuers accept for exchange
pursuant to the Exchange Offer the outstanding Senior Notes validly tendered in
exchange for the New Notes. On the Closing Date, the Amended Provisions will
automatically be deleted or modified as contemplated by Section 1 above.

      Section 3. Miscellaneous.

      (a) On and after the Closing Date, each reference in the Indenture to "the
Indenture," "this Indenture," "hereunder," "hereof" or "herein" shall mean and
be a reference to the Indenture as supplemented by this Supplemental Indenture
unless the context otherwise requires.

                                       9
<PAGE>
      (b) Except as specifically amended above, the Indenture shall remain in
full force and effect and is hereby ratified and confirmed.

      (c) This Supplemental Indenture shall be construed and enforced in
accordance with, and interpreted under, the internal laws of the State of New
York, without reference to the conflict of laws provisions thereof.

      (d) This Supplemental Indenture may be executed in several counterparts,
all of which together shall constitute one agreement binding on all parties,
notwithstanding that all parties have not signed the same counterpart.

      (e) Section titles are for descriptive purposes only and shall not control
or alter the meaning of this Supplemental Indenture as set forth in the text.

      (f) The Trustee accepts the trusts created by the Indenture, as
supplemented by this Supplemental Indenture, and agrees to perform the same upon
the terms and conditions of the Indenture, as supplemented by this Supplemental
Indenture.

      (g) Each of the Issuers and the Trustee hereby confirms and reaffirms the
Indenture in every particular except as amended by this Supplemental Indenture.

      (h) All agreements of the Issuers in this Supplemental Indenture shall
bind its successors and assigns whether so expressed or not. All agreements of
the Trustee in this Supplemental Indenture shall bind its successors and assigns
whether so expressed or not.

      (i) In case any provision in this Supplemental Indenture 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.

      (j) Nothing in this Supplemental Indenture, express or implied, shall give
to any Person, other than the parties hereto and their successors under the
Indenture and the Holders, any benefit or any legal or equitable right, remedy
or claim under the Indenture.

      (k) This Supplemental Indenture shall be interpreted to comply in every
respect with the Trust Indenture Act of 1939, as amended (the "TIA"). If any
provision of this Supplemental Indenture limits, qualifies or conflicts with the
duties imposed by the TIA, the imposed duties shall control and remain
obligatory.

      IN WITNESS WHEREOF, the Issuers and the Trustee have caused this
Supplemental Indenture to be duly executed by their respective officers
thereunto duly authorized all as of the day and year first written above.

AMERICAN COMMERCIAL LINES LLC
as Co-Issuer

By:  /s/ Robert G. Burns
     ----------------------------
Its:
     ----------------------------

ACL CAPITAL CORP.
as Co-Issuer

By:  /s/ Robert G. Burns
     ----------------------------
Its:
     ----------------------------

THE BANK OF NEW YORK
As Trustee

By:  /s/ Margaret M. Ciesmelewski
     ----------------------------
Its: Vice President
     ----------------------------

                                       10<PAGE>

                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                        AMENDMENT AGREEMENT dated as of April 11, 2002 (this
                  "Agreement"), among AMERICAN COMMERCIAL LINES LLC, a Delaware
                  limited liability company (the "Borrower"), AMERICAN
                  COMMERCIAL LINES HOLDINGS LLC, a Delaware limited liability
                  company ("Holdings"), the Lenders listed on the signature
                  pages herein, and JPMORGAN CHASE BANK, a New York banking
                  corporation formerly named The Chase Manhattan Bank, as
                  issuing bank (in such capacity, the "Issuing Bank"), as
                  administrative agent (in such capacity, the "Administrative
                  Agent"), as security trustee (in such capacity, the "Security
                  Trustee") and as collateral agent (in such capacity, the
                  "Collateral Agent") for the Lenders.

      A. Reference is made to the Credit Agreement dated as of June 30, 1998, as
amended prior to the Restatement Closing Date (as defined below) (the "Original
Credit Agreement"), among Holdings, the Borrower, the Lenders party thereto, the
Issuing Bank, the Administrative Agent, the Security Trustee and the Collateral
Agent pursuant to which (a) the Lenders made Tranche B Term Loans to the
Borrower in an aggregate principal amount equal to $200,000,000 (of which
$[143,950,889] is outstanding as of the date hereof), (b) the Lenders made
Tranche C Term Loans in an aggregate principal amount equal to $235,000,000 (of
which $[169,378,111] is outstanding as of the date hereof), (c) the Lenders
extended and agreed to extend credit to the Borrower in the form of Revolving
Loans in an aggregate principal amount at any time outstanding not in excess of
$100,000,000 and (d) the Issuing Bank issued and agreed to issue letters of
credit, in an aggregate face amount at anytime outstanding not in excess of
$25,000,000, to support payment obligations incurred in the ordinary course of
business by the Borrower and its Subsidiaries.

      B. Holdings, the Borrower, the Required Lenders, the Issuing Bank, the
Administrative Agent, the Security Trustee and the Collateral Agent have agreed,
subject to the terms and conditions contained herein and pursuant to the voting
provisions set forth in the Original Credit Agreement, that the Original Credit
Agreement (including all exhibits and schedules thereto) be amended and restated
in its entirety in the form of the Amended and Restated Credit Agreement set
forth as Exhibit A hereto and without any further action on the part of the
Lenders (the "Amended and Restated Credit Agreement"), provided that until such
time, the Original Credit Agreement shall remain in full force and effect
(subject to the terms of the Forbearance Agreement which shall remain effective
until the earliest to occur of the New Forbearance Termination Date, a
Forbearance Default (as each such term is defined in the Forbearance Agreement)
and the Restatement Closing Date).

      C. On the Restatement Closing Date, subject to the consummation of the
other Transactions, (a) $50,000,000 of the then outstanding Revolving Credit
<PAGE>
Borrowings shall be converted into Tranche A Term Loans and the Revolving Credit
Commitments permanently reduced by such amount and (b) the Borrower shall prepay
not less than $25,000,000 aggregate principal amount of the outstanding Term
Loans (the "Restatement Prepayment").

      D. In connection with the Restructuring, on the Restatement Closing Date a
newly formed, direct or indirect wholly owned subsidiary of DHC shall be merged
with and into Holdings pursuant to Section 2.5 of the Recapitalization
Agreement, with Holdings as the surviving entity (the "Holdings Merger").

      E. Accordingly, in consideration of the mutual agreements herein contained
and other good and valuable consideration, the sufficiency and receipt of which
are hereby acknowledged, the parties hereto hereby agree as follows:

      SECTION 1. Defined Terms. Capitalized terms used and not defined herein
shall have the meanings assigned to such terms in the Amended and Restated
Credit Agreement.

      SECTION 2. Amendment and Restatement of the Original Credit Agreement. (a)
Holdings, the Borrower, the Required Lenders, the Issuing Bank, the
Administrative Agent, the Security Trustee and the Collateral Agent agree that
the Original Credit Agreement (including all exhibits and schedules thereto) is
hereby amended and restated, such that on the Restatement Closing Date, the
terms set forth in Exhibit A hereto shall replace the terms of the Original
Credit Agreement. As used in the Amended and Restated Credit Agreement, the
terms "Agreement", "this Agreement", "herein", "hereinafter", "hereto", "hereof"
and words of similar import shall, unless the context otherwise requires, mean,
from and after the replacement of the terms of the Original Credit Agreement by
the terms of the Amended and Restated Credit Agreement, the Amended and Restated
Credit Agreement.

      (b) On the Restatement Closing Date and upon the replacement of the terms
of the Original Credit Agreement by the terms of the Amended and Restated Credit
Agreement, (i) $50,000,000 of the then outstanding Revolving Credit Borrowings
shall be converted into Tranche A Term Loans and the Revolving Credit
Commitments permanently reduced by such amount and (ii) the Borrower shall make
the Restatement Prepayment.

      SECTION 3. Representations and Warranties. The Borrower hereby makes to
each of the other parties hereto, on and as of the Restatement Closing Date,
each of the representations and warranties contained in Article III of the
Amended and Restated Credit Agreement, except to the extent such representations
and warranties expressly relate to an earlier date, and each of such
representations and warranties is hereby incorporated by reference herein.

      SECTION 4. Fees. On the Restatement Closing Date, the Borrower agrees to
pay a fee (the "Amendment Fee") to each Lender that executes and delivers to the
Administrative Agent (or its counsel) a signature page to this Agreement on or
prior to

                                       2
<PAGE>
April 11, 2002, through the Administrative Agent, in an amount equal to 0.375%
of the sum of (a) the outstanding Term Loans of such Lender and (b) the
Revolving Credit Commitment (whether used or unused) of such Lender, in each
case immediately prior to the replacement of the terms of the Original Credit
Agreement with the terms of the Amended and Restated Credit Agreement and
without giving effect to the conversion of any Revolving Loans into Term Loans
or the Restatement Prepayment. The Amendment Fee shall be payable on the
Restatement Closing Date in immediately available funds. Once paid, the
Amendment Fee shall not be refundable under any circumstances.

      SECTION 5. Conditions to the Replacement of the Original Credit Agreement
by the Amended and Restated Credit Agreement. The terms of the Amended and
Restated Credit Agreement shall not replace the terms of the Original Credit
Agreement until the date occurring on or prior to August 1, 2002, on which each
of the following conditions is satisfied (the "Restatement Closing Date"):

      (a) The Administrative Agent shall have received, on behalf of itself, the
Lenders and the Issuing Bank, a favorable written opinion of Kirkland & Ellis,
external counsel for Holdings and the Borrower, substantially to the effect set
forth in Exhibit J of the Amended and Restated Credit Agreement, (A) dated the
Restatement Closing Date and (B) addressed to the Issuing Bank, the
Administrative Agent and the Lenders.

      (b) The Administrative Agent shall have received (i) a copy of the
articles of organization, including all amendments thereto, of each Loan Party,
certified as of a recent date by the Secretary of State of the state of its
organization, and a certificate as to the good standing of each Loan Party as of
a recent date, from such Secretary of State; (ii) a certificate of the Secretary
or Assistant Secretary of each Loan Party dated the Restatement Closing Date and
certifying (A) that attached thereto is a true and complete copy of the
operating agreement and bylaws, if any, of such Loan Party as in effect on the
Restatement Closing Date and at all times since a date prior to the date of the
resolutions described in clause (B) below, (B) that attached thereto is a true
and complete copy of resolutions duly adopted by the board of directors or
analogous body of such Loan Party authorizing the execution, delivery and
performance of the Loan Documents to which such person is a party and, in the
case of the Borrower, the borrowings thereunder, and that such resolutions have
not been modified, rescinded or amended and are in full force and effect, (C)
that the articles of organization or operating agreement, as the case may be, of
such Loan Party have not been amended since the date of the last amendment
thereto shown on the certificate of good standing furnished pursuant to clause
(i) above, and (D) as to the incumbency and specimen signature of each officer
executing any Loan Document or any other document delivered in connection
herewith on behalf of such Loan Party; (iii) a certificate of another officer as
to the incumbency and specimen signature of the Secretary or Assistant Secretary
executing the certificate pursuant to (ii) above; and (iv) such other documents
as the Lenders, the Issuing Bank or Cravath, Swaine & Moore, counsel for the
Administrative Agent, may reasonably request.

      (c) The Administrative Agent shall have received a certificate, dated the
Restatement Closing Date and signed by a Financial Officer of the Borrower,
confirming

                                       3
<PAGE>
compliance with the conditions precedent set forth in paragraphs (b), (c) and
(d) of Article 4 of the Amended and Restated Credit Agreement.

      (d) The Administrative Agent shall have received all Fees and other
amounts due and payable on or prior to the Restatement Closing Date, including,
to the extent invoiced, reimbursement or payment of all out-of-pocket expenses
required to be reimbursed or paid by the Borrower thereunder or under any other
Loan Document.

      (e) The Collateral Agent shall have received a Perfection Certificate with
respect to the Loan Parties dated the Restatement Closing Date and duly executed
by a Responsible Officer of the Borrower, and Holdings and the Borrower shall
have taken such action as may be reasonably requested by the Collateral Agent to
ensure the perfection and priority of the Liens of the Security Documents.

      (f) The Reaffirmation of Guarantee and Security Documents shall have been
duly executed by the parties thereto, shall have been delivered to the
Collateral Agent and shall be in full force and effect.

      (g) The LLC Agreement shall have been duly executed by the parties
thereto, shall have been delivered to the Administrative Agent and shall be in
full force and effect.

      (h) The Administrative Agent shall have received a copy of, or a
certificate as to coverage under, the insurance policies required by Section
5.02 of the Amended and Restated Credit Agreement and the applicable provisions
of the Security Documents, each of which shall be endorsed or otherwise amended
to include a "standard" or "New York" lender's loss payable endorsement and to
name the Collateral Agent as additional insured, in form and substance
reasonably satisfactory to the Administrative Agent.

      (i) The DHC Contribution shall have been made or shall be made
simultaneously with the replacement of the terms of the Original Credit
Agreement by the terms of the Amended and Restated Credit Agreement, and the
Borrower shall have used the cash proceeds thereof to make the Restatement
Prepayment.

      (j) (i) The Exchange Offer and Consent Solicitation shall have been
distributed to the holders of the Senior Unsecured Notes on or prior to April
15, 2002, and shall have been accepted by holders of Senior Unsecured Notes
holding not less than 95% of the aggregate principal amount of the Senior
Unsecured Notes, and the transactions contemplated thereby consummated, on or
prior to June 15, 2002 or (ii) Holdings and/or the Borrower and/or the
Subsidiaries shall have commenced the Chapter 11 Case on or prior to June 15,
2002, and the Chapter 11 Plan shall have been confirmed by the Court and become
effective, and the Borrower shall have emerged from the Chapter 11 Case
proceedings on or prior to August 1, 2002.

      (k) None of the Restructuring Documents and the other applicable
agreements relating to the Transactions (including the Recapitalization
Agreement, the Exchange Offer and Consent Solicitation, the Disclosure Statement
and the New Note Documents) shall have been amended, waived or otherwise
modified in any material respect adverse

                                       4
<PAGE>
to the Lenders, the Collateral Agent or the Administrative Agent without the
approval of the Required Lenders, which approval shall not be unreasonably
withheld. The Restructuring shall have been consummated or shall be consummated
on or prior to the Restatement Closing Date in accordance with the terms and
conditions of the Restructuring Documents and applicable law.

      (l) The Lenders shall have received (i) financial projections for a period
of five years following the Restatement Closing Date, as prepared by management
of the Borrower and delivered to the Administrative Agent on or prior to the
date hereof, reflecting the Transactions and the other transactions contemplated
hereby and including the written assumptions on which such projections were
based, (ii) audited financial statements for the 2001 fiscal year of the
Borrower and (iii) pro forma consolidated financial statements of the Borrower
as of December 28, 2001, and for the twelve-month period then ended, after
giving effect to the Transactions and the consummation of the other transactions
contemplated hereby.

      (m) The terms and conditions of the New Note Documents shall not differ in
any material respect adverse to the Lenders, the Collateral Agent or the
Administrative Agent from the terms and conditions described in the Description
of the Senior Notes and the Description of the Senior Subordinated Notes
attached as Exhibits B and C, respectively, to the Recapitalization Agreement.

      (n) All requisite Governmental Authorities shall have approved or
consented to the Transactions and the other transactions contemplated hereby to
the extent required, each requisite third party shall have approved or consented
to the Transactions and the other transactions contemplated hereby, in each case
to the extent that each such third party approval or consent is required and is
material to Holdings or the Borrower, all applicable appeal periods shall have
expired and there shall be no governmental or judicial action, actual or
threatened, that has a reasonable likelihood of restraining, preventing or
imposing materially burdensome conditions on the Transactions or the other
transactions contemplated hereby.

      (o) The Administrative Agent shall have received reasonably satisfactory
evidence that the Receivables Program shall have been extended on or replaced by
substantially similar material terms to those of the PNC Documentation.

      (p) The sum of the cash on hand at the Borrower and the Subsidiary
Guarantors plus the unused Revolving Credit Commitments shall exceed
$10,000,000.

      (q) If the Chapter 11 Case shall have been commenced and if any debtor in
possession financing or similar financing shall have been provided to Holdings
or the Borrower, (i) the principal, interest, fees and other amounts due
pursuant to such financing shall have been repaid in full, (ii) all letters of
credit issued pursuant to the DIP Facility shall have been cash collateralized
or continued pursuant to the Amended and Restated Credit Agreement or supported
by standby letters of credit, all as required by the DIP Facility, (iii) all
commitments to lend pursuant to such financing shall have been permanently
terminated, (iv) all obligations pursuant or relating to such financing and all

                                       5
<PAGE>
security interests related thereto shall have been discharged, other than
contingent indemnity obligations, and (v) the Administrative Agent shall have
received satisfactory evidence of such repayment, termination and discharge.

      (r) The Administrative Agent shall have received reasonably satisfactory
evidence that the Borrower shall have pledged to the Collateral Agent, its
successors and assigns, and granted to the Collateral Agent, its successors and
assigns, for the ratable benefit of the Secured Parties, a security interest in
the Borrower's membership interests in Vessel Leasing LLC, a Delaware limited
liability company.

      Holdings, the Borrower, the Required Lenders and the Administrative Agent
agree that upon satisfaction of the conditions set forth in this Section 5, (i)
all previously existing Acknowledged Events of Default, as defined in the
Forbearance Agreement, (ii) all Defaults resulting from a "going concern" or
similar qualification as specified in Section 2(b) of the Forbearance Agreement
and (iii) all Defaults resulting from the implementation and consummation of the
Restructuring as specified in Section 2(c) of the Forbearance Agreement, if any
(collectively the "Restatement Closing Date Acknowledged Events of Default"),
shall be waived.

      SECTION 6. Mutual Release. Each of the Lenders party to this Agreement,
the Collateral Agent and the Issuing Bank hereby authorizes and directs, on its
behalf and in its stead, the Administrative Agent to execute and deliver to the
other parties thereto the Mutual Release on the Restatement Closing Date. The
Administrative Agent agrees that on the Restatement Closing Date it shall
execute and deliver the Mutual Release for itself, the Collateral Agent, the
Issuing Bank and the Lenders party to this Agreement.

      SECTION 7. Consent and Waiver. The Required Lenders hereby consent to the
Holdings Merger and hereby waive compliance by Holdings and the Borrower with
the provisions of Section 6.05 of the Original Credit Agreement to the extent
(but only to the extent) necessary to permit such merger.

      SECTION 8. Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

      SECTION 9. No Novation. Neither this Agreement nor the replacement of the
terms of the Original Credit Agreement by the terms of the Amended and Restated
Credit Agreement shall extinguish the obligations for the payment of money
outstanding under the Original Credit Agreement or discharge or release the Lien
or priority of any security agreement, any pledge agreement or any other
security therefor. Nothing herein contained shall be construed as a substitution
or novation of the Obligations outstanding under the Original Credit Agreement
or instruments securing the same, which shall remain in full force and effect,
except as modified hereby or by instruments executed concurrently herewith.
Nothing expressed or implied in this Agreement, the Amended and Restated Credit
Agreement or any other document contemplated hereby or thereby shall be
construed as a release or other discharge of the Borrower under the Original
Credit Agreement or the Borrower or any other Loan Party under any Loan Document
(as

                                       6
<PAGE>
defined in the Original Credit Agreement) from any of its obligations and
liabilities thereunder. Each of the Original Credit Agreement and the other Loan
Documents shall remain in full force and effect, until and except as modified
hereby or in connection herewith. This Agreement shall constitute a Loan
Document for all purposes of the Original Credit Agreement and the Amended and
Restated Credit Agreement.

      SECTION 10. Notices. All notices hereunder shall be given in accordance
with the provisions of Section 9.01 of the Amended and Restated Credit
Agreement.

      SECTION 11. Counterparts. This Agreement may be executed in one or more
counterparts (and by different parties hereto on different counterparts), each
of which shall constitute an original but all of which when taken together shall
constitute but one contract, and shall become effective as provided in Section
13 hereof. Delivery of an executed signature page to this Agreement by facsimile
transmission shall be as effective as delivery of a manually signed counterpart
hereof.

      SECTION 12. Headings. The headings of this Agreement are for convenience
of reference only, are not part of this Agreement and are not to be taken into
consideration in interpreting this Agreement.

      SECTION 13. Effectiveness. This Agreement shall become effective when it
shall have been executed by the Borrower, Holdings and the Administrative Agent
and when the Administrative Agent shall have required counterparts hereof which,
when taken together, bear the signatures of the Required Lenders, and thereafter
shall be binding upon and inure to the benefit of Holdings, the Borrower, the
Administrative Agent, the Collateral Agent, the Security Trustee, the Issuing
Bank and each Lender and their respective permitted successors and assigns.

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

                                        AMERICAN COMMERCIAL LINES LLC,

                                        by

                                           /s/ James J. Wolff
                                           -------------------------------------
                                           Name:  James J. Wolff
                                           Title: Senior Vice President and CFO

                                        AMERICAN COMMERCIAL LINES HOLDINGS LLC,

                                        by

                                           /s/ James J. Wolff
                                           -------------------------------------
                                           Name:  James J. Wolff
                                           Title: Senior vice President and CFO

                                        JPMORGAN CHASE BANK, individually and as
                                        Administrative Agent, Collateral Agent,
                                        Issuing Bank and Security Trustee,

                                        by
                                           /s/ Patrick A. Daniello
                                           -------------------------------------
                                           Name:  Patrick A. Daniello
                                           Title: Vice President
<PAGE>
                      [SUBSIDIARY GUARANTOR SIGNATURE PAGE]

                                                          SUBSIDIARY GUARANTORS:
                                                          ---------------------

ACL CAPITAL CORP.
AMERICAN COMMERCIAL BARGE LINE LLC
AMERICAN COMMERCIAL LINES INTERNATIONAL LLC
AMERICAN COMMERCIAL MARINE SERVICE LLC
JEFFBOAT LLC
AMERICAN COMMERCIAL TERMINALS LLC
AMERICAN COMMERCIAL TERMINALS-MEMPHIS LLC
LOUISIANA DOCK COMPANY LLC
HOUSTON FLEET LLC
LEMONT FLEETING & HARBOR SERVICE LLC
TIGER SHIPYARD LLC
WILKINSON POINT LLC
ORINOCO TASA LLC
ORINOCO TASV LLC

by

     /s/ James J. Wolff
     ----------------------------------------------
     Name:  James J. Wolff
     Title: Senior Vice President and CFO
            Authorized Signatory
<PAGE>
                                           AMMC CDO I, LIMITED,

                                           by   American Money Management Corp.,
                                                as Collateral Manager,

                                           by
                                                 /s/ David P. Meyer
                                                --------------------------------
                                                Name:    David P. Meyer
                                                Title:   Vice President

                                           AMMC CDO II, LIMITED,

                                           by   American Money Management Corp.,
                                                as Collateral Manager,

                                           by
                                                 /s/ David P. Meyer
                                                --------------------------------
                                                Name:    David P. Meyer
                                                Title:   Vice President

                                           ARCHIMEDES FUNDING, LLC,

                                           by   ING Capital Advisors LLC, as
                                                Collateral Manager,

                                           by

                                                 /s/ Steven Gorski
                                                --------------------------------
                                                Name:    Steven Gorski
                                                Title:   Vice President &
                                                         Senior Credit Analyst

                                           ARCHIMEDES FUNDING III, LTD.,

                                           by   ING Capital Advisors LLC, as
                                                Collateral Manager,

                                           by
                                                /s/ Steven Gorski
                                                --------------------------------
                                                Name:    Steven Gorski
                                                Title:   Vice President &
                                                         Senior Credit Analyst
<PAGE>
                                           BALANCED HIGH-YIELD FUND I, LTD.,

                                           by   ING Capital Advisors LLC, as
                                                Asset Manager,

                                           by

                                                 /s/ Steven Gorski
                                                --------------------------------
                                                Name:    Steven Gorski
                                                Title:   Vice President &
                                                         Senior Credit Analyst

                                           BANK ONE, KENTUCKY NA,

                                           by
                                                /s/ Michael McFerran
                                                --------------------------------
                                                Name:    Michael McFerran
                                                Title:   First Vice President

                                           CENTURION CDO II, LTD.,

                                           by   American Express Asset
                                                Management Group Inc., as
                                                Collateral Manager,

                                           by
                                                /s/ Lynn A. Hopton
                                                --------------------------------
                                                Name:    Lynn A. Hopton
                                                Title:   Senior Managing
                                                         Director

                                           CENTURION CDO III, Limited,

                                           by   American Express Asset
                                                Management Group Inc., as
                                                Collateral Manager,

                                           by

                                                /s/ Yvonne E. Stevens
                                                --------------------------------
                                                Name:   Yvonne E. Stevens
                                                Title:  Senior Managing Director
<PAGE>
                                           EATON VANCE INSTITUTIONAL SENIOR
                                           LOAN FUND,

                                           by   Eaton Vance Management, as
                                                Investment Advisor,

                                           by
                                                /s/ Payson F. Swaffield
                                                --------------------------------
                                                Name:    Payson F. Swaffield
                                                Title:   Vice President

                                           EATON VANCE SENIOR INCOME TRUST,

                                           by   Eaton Vance Management, as
                                                Investment Advisor,

                                           by
                                                /s/ Payson F. Swaffield
                                                --------------------------------
                                                Name:    Payson F. Swaffield
                                                Title:   Vice President

                                           FIRST DOMINION FUNDING I,

                                           by
                                                /s/ Andrew H. Marshak
                                                --------------------------------
                                                Name:    Andrew H. Marshak
                                                Title:   Authorized Signatory

                                           GRAYSON & CO,

                                           by   Boston Management and Research,
                                                as Investment Advisor,

                                           by

                                                /s/ Payson F. Swaffield
                                                --------------------------------
                                                Name:    Payson F. Swaffield
                                                Title:   Vice President

                                           HIBERNIA NATIONAL BANK,

                                           by
                                                /s/ Frank T. Crifasi
                                                --------------------------------
                                                Name:    Frank T. Crifasi
                                                Title:   Senior Vice President
<PAGE>
                                           INDOSUEZ CAPITAL FUNDING III,
                                           LIMITED,

                                           by   Indosuez Capital, as Portfolio
                                                Advisor,

                                           by
                                                /s/ Andrew Brady
                                                --------------------------------
                                                Name:    Andrew Brady
                                                Title:   Vice President

                                           INDOSUEZ CAPITAL FUNDING IV, L.P.,

                                           by   RBC Leveraged Capital, as
                                                Portfolio Advisor,

                                           by

                                                /s/ Daniel H. Smith
                                                --------------------------------
                                                Name:    Daniel H. Smith
                                                Title:   Managing Director

                                           ING PRIME RATE TRUST,

                                           by   ING Investments, LLC, as
                                                Investment Manager,

                                           by

                                                /s/ Brian S. Horton
                                                --------------------------------
                                                Name:    Brian S. Horton
                                                Title:   Vice President

                                           KEYPORT LIFE INSURANCE COMPANY,

                                           by   Stein Roe & Farnham
                                                Incorporated, as Agent,

                                           by

                                                /s/ James R. Fellows
                                                --------------------------------
                                                Name:    James R. Fellows by
                                                Title:   Senior Vice President &
                                                         Portfolio Manager

                                           KZH CYPRESS TREE-1 LLC,

                                           by

                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent
<PAGE>
                                           KZH HIGHLAND-2 LLC,

                                           by

                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent

                                           KZH ING-2 LLC,

                                           by
                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent

                                           KZH PAMCO LLC,

                                           by
                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent

                                           KZH RIVERSIDE LLC,

                                           by
                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent

                                           KZH STERLING LLC,

                                           by
                                                /s/ Susan Lee
                                                --------------------------------
                                                Name:    Susan Lee
                                                Title:   Authorized Agent
<PAGE>
                                           LIBERTY-STEIN ROE ADVISOR FLOATING
                                           RATE ADVANTAGE FUND,

                                           by   Stein Roe & Farnham
                                                Incorporated, as Advisor,

                                           by
                                                /s/ James R. Fellows
                                                --------------------------------
                                                Name:    James R. Fellows
                                                Title:   Senior Vice President &
                                                         Portfolio Manager

                                           MIZUHO CORPORATE BANK, LTD.
                                           (successor in interest to THE DAI-
                                           TCHI KANGYO BANK, LTD.),

                                           by
                                                /s/ Naoki Yamamori
                                                --------------------------------
                                                Name:    Naoki Yamamori
                                                Title:   Senior Vice President &
                                                         Department Head

                                           ML CBO IV (CAYMAN) LTD,

                                           by   Highland Capital Management,
                                                L.P., as Collateral Manager,

                                           by
                                                /s/ Louis Koven
                                                --------------------------------
                                                Name:    Louis Koven
                                                Title:   Executive Vice
                                                         President-CFO

                                           ML CLO XIX STERLING (CAYMAN) LTD,

                                           by   Highland Capital Management,
                                                L.P. (as successor in interest
                                                to Sterling Asset Manager),

                                           by
                                                /s/ Louis Koven
                                                --------------------------------
                                                Name:    Louis Koven
                                                Title:   Executive Vice
                                                         President-CFO
<PAGE>
                                           ML CLO XX PILGRIM AMERICA (CAYMAN)
                                           LTD.,

                                           by   ING Investments, LLC, as
                                                Investment Manager,

                                           by

                                                /s/ Brian S. Horton
                                                --------------------------------
                                                Name:    Brian S. Horton
                                                Title:   Vice President

                                           MOUNTAIN CAPITAL CLO I, LTD.,

                                           by
                                                /s/ Darren R. Riley
                                                --------------------------------
                                                Name:    Darren R. Riley
                                                Title:   Director

                                           NATEXIS BANQUES POPULAIRES,

                                           by
                                                /s/ Frank H. Madden, Jr.
                                                --------------------------------
                                                Name:    Frank H. Madden, Jr.
                                                Title:   Vice President & Group
                                                         Manager

                                           by
                                                /s/ Joseph A. Miller
                                                --------------------------------
                                                Name:    Joseph A. Miller
                                                Title:   Associate

                                           NATIONAL CITY BANK OF KENTUCKY,

                                           by

                                                /s/ Thomas P. Crockett
                                                --------------------------------
                                                Name:    Thomas P. Crockett
                                                Title:   Senior Vice President
<PAGE>
                                           NATIONAL WESTMINSTER BANK PLC,

                                           by   NatWest Capital Markets Limited,
                                                as Agent,

                                           by   Greenwich Capital Markets, Inc.,
                                                as Agent,

                                           by
                                                /s/ Harry Paschalidis
                                                --------------------------------
                                                Name:    Harry Paschalidis
                                                Title:   Vice President

                                           OCTAGON INVESTMENT PARTNERS III,
                                           LTD.,

                                           by   Octagon Credit Investors, LLC,
                                                as Portfolio Manager,

                                           by
                                                /s/ Michael B. Nechamkin
                                                --------------------------------
                                                Name:    Michael B. Nechamkin
                                                Title:   Portfolio Manager

                                           ORIX FINANCE CORP. I,

                                           by
                                                /s/ Sheppard H.C. Davis, Jr.
                                                --------------------------------
                                                Name:    Sheppard H.C. Davis,
                                                          Jr.
                                                Title:   Authorized
                                                         Representative

                                           PAM CAPITAL FUNDING L.P.,

                                           by   Highland Capital Management,
                                                L.P., as Collateral Manager,

                                           by
                                                /s/ Louis Koven
                                                --------------------------------
                                                Name:    Louis Koven
                                                Title:   Executive Vice
                                                         President-CFO
<PAGE>
                                           PB CAPITAL CORPORATION,

                                           by

                                                /s/ Lisa Moraglia
                                                --------------------------------
                                                Name:    Lisa Moraglia
                                                Title:   Associate

                                           by
                                                /s/ Christopher J. Ruzzi
                                                --------------------------------
                                                Name:    Christopher J. Ruzzi
                                                Title:   Vice President

                                           PILGRIM CLO 1999-1 LTD.,

                                           by   ING Investments, LLC, as
                                                Investment Manager,

                                           by

                                                /s/ Brian S. Horton
                                                --------------------------------
                                                Name:    Brian S. Horton
                                                Title:   Vice President

                                           PNC BANK NATIONAL ASSOCIATION,

                                           by
                                                /s/ Connie Allen
                                                --------------------------------
                                                Name:    Connie Allen
                                                Title:   Assistant Vice
                                                         President

                                           REPULSE BAY CAPITAL LLC,

                                           by
                                                /s/ Edward Smith Christie
                                                --------------------------------
                                                Name:    Edward Smith Christie
                                                Title:   Vice President

                                           SEABOARD CLO 2000 LTD.,

                                           by   Orix Capital Markets, LLC, as
                                                Collateral Manager,

                                           by
                                                /s/ Sheppard H.C. Davis, Jr.
                                                --------------------------------
                                                Name:    Sheppard H.C. Davis,
                                                         Jr.
                                                Title:   Managing Director
<PAGE>
                                           SENIOR DEBT PORTFOLIO,

                                           by   Boston Management and Research,
                                                as Investment Advisor,

                                           by
                                                /s/ Payson F. Swaffield
                                                --------------------------------
                                                Name:    Payson F. Swaffield
                                                Title:   Vice President

                                           SHIPPING BOND FUND LIMITED,

                                           by
                                                /s/ Cato Brahde
                                                --------------------------------
                                                Name:    Cato Brahde
                                                Title:   Director

                                           SRF 2000 LLC,

                                           by
                                                /s/ Ann E. Morris
                                                --------------------------------
                                                Name:    Ann E. Morris
                                                Title:   Assistant Vice
                                                         President

                                           SRF TRADING, INC.,

                                           by
                                                /s/ Ann E. Morris
                                                --------------------------------
                                                Name:    Ann E. Morris
                                                Title:   Assistant Vice
                                                         President

                                           SRV-HIGHLAND, INC.,

                                           by
                                                /s/ Ann E. Morris
                                                --------------------------------
                                                Name:    Ann E. Morris
                                                Title:   Assistant Vice
                                                         President
<PAGE>
                                           STEIN ROE FLOATING RATE LIMITED
                                           LIABILITY COMPANY,

                                           by  Stein Roe & Farnham Incorporated,
                                               as Advisor,

                                           by

                                                /s/ James R. Fellows
                                                --------------------------------
                                                Name:    James R. Fellows
                                                Title:   Senior Vice President

                                           THE TRAVELERS INSURANCE COMPANY,

                                           by
                                                /s/ Denise T. Duffee
                                                --------------------------------
                                                Name:    Denise T. Duffee
                                                Title:   Investment Officer

                                           TIFD III-X INC.,

                                           by
                                                /s/ Edward Smith Christie
                                                --------------------------------
                                                Name:    Edward Smith Christie
                                                Title:   Vice President

                                           VAN KAMPEN CLO I, LIMITED,

                                           by   Van Kampen Investment Advisory
                                                Corp., as Collateral Manager,

                                           by
                                                /s/ William Lenga
                                                --------------------------------
                                                Name:    William Lenga
                                                Title:   Vice President

                                           VAN KAMPEN CLO II, LIMITED

                                           by   Van Kampen Investment Advisory
                                                Corp., as Collateral Manager,

                                           by
                                                /s/ William Lenga
                                                --------------------------------
                                                Name:    William Lenga
                                                Title:   Vice President
<PAGE>
                                           VAN KAMPEN PRIME RATE INCOME TRUST,

                                           by   Van Kampen Investment Advisory
                                                Corp.,

                                           by
                                                /s/ William Lenga
                                                --------------------------------
                                                Name:    William Lenga
                                                Title:   Vice President

                                           VAN KAMPEN SENIOR INCOME TRUST,

                                           by   Van Kampen Investment Advisory
                                                Corp.,

                                           by

                                                /s/ William Lenga
                                                --------------------------------
                                                Name:    William Lenga
                                                Title:   Vice President

                                           WACHOVIA BANK, NATIONAL ASSOCIATION,

                                           by

                                                /s/ Matthew Berk
                                                --------------------------------
                                                Name:    Matthew Berk
                                                Title:   Authorized Officer

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