Document:

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                                                                 EXHIBIT 10.18.2

                               AMENDMENT NO. 2 TO
                            WAREHOUSE LOAN AGREEMENT

         AMENDMENT NO. 2 TO WAREHOUSE LOAN AGREEMENT, dated as of July 29, 2003
(this "Amendment"), is entered into by and among TRINITY INDUSTRIES LEASING
COMPANY, a Delaware corporation (the "Manager"), TRINITY RAIL LEASING TRUST II,
a Delaware business trust (the "Borrower"), each Lender party to the Agreement
referenced below, and CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH, as Agent for
the Lenders (in such capacity, the "Agent"). Capitalized terms used but not
defined herein have the meaning set forth in the Agreement referred to below.

                                    RECITALS:

         WHEREAS, the Manager, the Borrower, the Lenders and the Agent are
parties to that certain Warehouse Loan Agreement dated as of June 27, 2002 (as
amended, supplemented, amended and restated or otherwise modified from time to
time, the "Agreement");

         WHEREAS, the parties hereto desire to amend the Agreement as
hereinafter set forth.

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

                                   AMENDMENT:

1.       The definition of "Revolving Termination Date" is hereby amended by
deleting "July 31, 2003" occurring therein and by inserting in its place "August
29, 2003".

                                 MISCELLANEOUS:

1.       Effectiveness. This Amendment becomes effective on the date on which
the Agent has received executed signature pages of each party to this Amendment
(including each Lender).

2.       Representations and Warranties. The Manager and the Borrower each
represent and warrant that its respective representations and warranties
contained in Article V of the Agreement are true and correct on and as of the
date of this Amendment as though made on and as of such date, except to the
extent that such representations and warranties expressly relate to an earlier
date.

3.       Effect of Amendment. All provisions of the Agreement, as expressly
amended and modified by this Amendment, shall remain in full force and effect.
After this Amendment becomes effective, all references in the Agreement (or in
any other Transaction Document) to the Agreement shall be deemed to be
references to the Agreement as amended hereby.

4.       Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which
when so executed shall be deemed to be an original and all of which when taken
together shall constitute but one and the same instrument.

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5.       Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York.

6.       Section Headings. The various headings of this Amendment are included
for convenience only and shall not affect the meaning or interpretation of this
Amendment, the Agreement or any provision hereof or thereof.

                            [SIGNATURE PAGES FOLLOW]

                                      -2-
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Amendment on the
date first written above.

                                          TRINITY INDUSTRIES LEASING
                                          COMPANY

                                          By: __________________________________
                                              Name:
                                              Title:

                                          TRINITY RAIL LEASING TRUST II

                                          By: __________________________________
                                              Name:
                                              Title:

                                       S-1
<PAGE>

                                          CREDIT SUISSE FIRST BOSTON,
                                          NEW YORK BRANCH
                                            as Agent and as a Committed Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          GRAMERCY CAPITAL CORPORATION, as a
                                          Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          GREENWICH FUNDING CORPORATION, as
                                          a Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          ALPINE SECURITIZATION CORP, as a
                                          Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                      S-2

<PAGE>

                                          WACHOVIA BANK, NATIONAL
                                          ASSOCIATION, as a Committed Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          VARIABLE FUNDING CAPITAL
                                          CORPORATION, as a Conduit Lender

                                          By: WACHOVIA SECURITIES, INC., as
                                              attorney-in-fact

                                          By: __________________________________
                                              Name:
                                              Title:

                                      S-3<PAGE>

                                                                 EXHIBIT 10.18.3

                               AMENDMENT NO. 3 TO
                          WAREHOUSE LOAN AGREEMENT AND
                                RELATED DOCUMENTS

         AMENDMENT NO. 3 TO WAREHOUSE LOAN AGREEMENT AND RELATED DOCUMENTS,
dated as of August 29, 2003 (this "Amendment"), is entered into by and among
TRINITY INDUSTRIES LEASING COMPANY, a Delaware corporation (the "Manager"),
TRINITY RAIL LEASING TRUST II, a Delaware statutory trust (the "Borrower"), each
Lender party to the Agreement referenced below, CREDIT SUISSE FIRST BOSTON, NEW
YORK BRANCH, as Agent for the Lenders (in such capacity, the "Agent") and,
solely with respect to the amendments contained under the heading "Amendments to
Depository Agreement", WILMINGTON TRUST COMPANY, in its capacity as depository
(the "Depository") under the Depository Agreement (as defined below).
Capitalized terms used but not defined herein have the meaning set forth in the
Agreement referred to below.

                                    RECITALS:

         WHEREAS, (i) the Manager, the Borrower, the Lenders and the Agent are
parties to that certain Warehouse Loan Agreement dated as of June 27, 2002 (as
heretofore amended, the "Agreement"), (ii) the Manager and Borrower are parties
to that certain Operation, Maintenance, Servicing and Remarketing Agreement,
dated as of June 27, 2002 (as heretofore amended, the "Management Agreement")
and (iii) the Manager, the Borrower, the Depository and the Agent are parties to
that certain Depository Agreement, dated as of July 15, 2002 (as heretofore
amended, the "Depository Agreement");

         WHEREAS, the parties hereto desire to amend the Agreement, the
Management Agreement and the Depository Agreement as hereinafter set forth.

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

                I.       AMENDMENTS TO WAREHOUSE LOAN AGREEMENT:

1.       The following definitions are hereby added to Section 1.01 of the
Agreement in appropriate alphabetical order:

                           "'Aggregated Default Interest' has the meaning set
                  forth in Section 2.05(a)."

                           "'Aggregated Default Interest Rate' means, for any
                  day during any Interest Period, the sum of the Adjusted
                  Eurodollar Rate for such Interest Period plus 500 basis
                  points."

                           "'CP Rate' means, with respect to any portion of a
                  Loan funded and maintained by a Conduit Lender through the
                  issuance of commercial paper for any day during any Interest
                  Period, the sum of (i) the rate applicable to such day in such
                  Interest Period as calculated in the manner specified by such
                  Conduit Lender in writing to the Agent and the Borrower as
                  such Conduit Lender's "CP

<PAGE>

                  Rate" plus (ii) the Facility Margin; provided that prior
                  consent of the Borrower is required before such manner of
                  calculating the CP Rate can go into effect, which consent may
                  not be unreasonably withheld or delayed."

                           "'Scheduled Payment Date' means each of (i) the first
                  Settlement Date which falls 180 days or more after the
                  Revolving Termination Date, (ii) the sixth Settlement Date
                  thereafter and (iii) the sixth Settlement Date after the date
                  set forth in clause (ii) herein."

                           "'Termination Date' means June 27, 2025."

2.       Section 1.01 of the Agreement is hereby amended by amending each of the
following definitions in its entirety to read as follows:

                           "'Advance Rate' means a rate of 75%, or such other
                  percentage not less than 75% and not to exceed 80% that is
                  agreed to by all of the Lenders from time to time in each of
                  their sole discretion as contemplated in Section 2.13."

                           "'Applicable Rate' means with respect to any Loan for
                  any day during any Interest Period the sum of the Adjusted
                  Eurodollar Rate for such Interest Period plus the Facility
                  Margin."

                           "'Borrowing Base' means, at any time, a Dollar amount
                  equal to the product of (i) the Advance Rate in effect at such
                  time and (ii) the difference of (A) the Aggregate FMV of all
                  Eligible Railcars at such time less (B) the Excluded Assets
                  Amount at such time."

                           "'Conduit Lender" shall mean Beethoven Funding
                  Corporation or any other Lender which is designated as a
                  Conduit Lender pursuant to Section 11.06(h)."

                           "'Manager's Fee' means as of any Settlement Date an
                  amount equal to (i) the Base Component (as defined in the
                  Management Agreement), without giving effect to any
                  adjustment, amendment or other modification thereto not
                  expressly approved in writing by the Agent (acting with the
                  consent of the Required Lenders), if the Manager is TILC or
                  one of its Affiliates, (ii) such other percentage as may be
                  agreed among the Manager, the Borrower, the Agent, each
                  Conduit Lender and the Required Lenders, if the Agent or one
                  of its Affiliates is the Manager or (iii) such other
                  percentage as may be agreed among the Manager, the Borrower
                  and the Agent, if the Manager is not TILC, the Agent or one of
                  their Affiliates, in each case of the Monthly Rent actually
                  collected under the Portfolio Leases during the measuring
                  period ending on the Calculation Date immediately preceding
                  such Settlement Date."

3.       The definition of "Committed Amount" contained in Section 1.01 of the
Agreement is hereby amended by deleting "$200,000,000" occurring therein and by
inserting in its place "$300,000,000".

                                      -2-
<PAGE>

4.       The definition of "Default Margin" contained in Section 1.01 of the
Agreement is hereby amended by deleting "500 basis points" occurring therein and
by inserting in its place "375 basis points".

5.       The definition of "Interim Maturity Date" contained in Section 1.01 of
the Agreement is hereby deleted in its entirety.

6.       The definition of "Excluded Assets Amount" contained in Section 1.01 of
the Agreement is hereby amended by inserting the following clause (vii)
immediately after clause (vi) thereof and by relettering the remaining clauses:

                           "(vii) the amount by which the Aggregate FMV of all
                  Eligible Railcars leased to a Lessee organized under the laws
                  of, or having its principal place of business in, Mexico or a
                  subdivision thereof, exceeds 7% of the Committed Amount; plus"

7.       The definition of "Final Maturity Date" contained in Section 1.01 of
the Agreement is hereby deleted in its entirety and the words "Final Maturity
Date" are hereby deleted in each occurrence throughout the Agreement and the
words "third Scheduled Payment Date" are hereby inserted in each such
occurrence.

8.       The definition of "Liquidity Reserve Target Amount" contained in
Section 1.01 of the Agreement is hereby amended (i) by deleting the word "two"
occurring therein and by inserting in its place the word "six" and (ii) by
deleting the proviso occurring therein.

9.       The definition of "Required Lenders" contained in Section 1.01 of the
Agreement is hereby amended by (i) inserting ", collectively, (x) the Agent and
(y)" immediately after the occurrence of the word "means" and (ii) replacing the
percentage "66 2/3%" contained therein with the percentage "70.0%".

10.      The definition of "Revolving Termination Date" contained in Section
1.01 of the Agreement is hereby amended by deleting the date "August 29, 2003"
occurring therein and by inserting in its place "August 27, 2004".

11.      Article II of the Agreement is hereby amended by inserting the
following Section 2.13 at the end thereof:

                           "SECTION 2.13 ADJUSTMENTS TO ADVANCE RATE AND
                  BORROWING BASE. The percentage included in the definition of
                  "Advance Rate" may be changed in accordance with the
                  parameters set forth in such definition by agreement of all of
                  the Lenders. The Agent shall give the Borrower and the Lenders
                  prior notice of any change in such percentage. Any change in
                  any such percentage shall take effect on the next succeeding
                  Settlement Date.

12.      Section 2.01 of the Agreement is hereby amended in its entirety to read
as follows:

                           "(a) Each Lender severally agrees, subject to the
                  Agent's determination that the terms and conditions of
                  Sections 2.02 and 4.02 applicable to any Funding

                                      -3-
<PAGE>

                  Date have been (i) satisfied or, (ii) solely to the extent
                  permitted by the last sentence of this clause (a) temporarily
                  waived by the Agent or, (iii) in all other cases, waived by
                  the Agent and all of the Lenders, and on the other terms and
                  conditions set forth in this Agreement, to make Loans to the
                  Borrower pursuant to this Section 2.01 on each Funding Date
                  during the Availability Period in order to fund the
                  acquisition of Railcars and related Leases by the Borrower on
                  such Funding Date. The Loans advanced on any Funding Date with
                  respect to any Railcars and related Leases shall not: (i) in
                  the case of any Committed Lender, exceed (after giving effect
                  to all Loans of such Committed Lender and any Conduit Lender
                  designated by such Committed Lender repaid concurrently with
                  the making of such Loans) its Available Commitment; (ii)
                  exceed the lesser of (A) the Unused Commitment Amount and (B)
                  the product of the Advance Rate multiplied by the aggregate
                  Fair Market Value of all Eligible Railcars included in such
                  Railcars; or (iii) when added to the aggregate amount of the
                  Loans then outstanding (after giving effect to all Loans
                  repaid concurrently with the making of such Loans), exceed the
                  lesser of (A) the Commitment Amount and (B) the Borrowing Base
                  (after giving effect to the addition to and/or removal of the
                  respective Fair Market Values of any Eligible Railcars to be
                  added to or removed from the Portfolio on such Funding Date).
                  Each Borrowing shall be in an aggregate principal amount of
                  $5,000,000, in the case of the first Borrowing hereunder, or
                  $1,000,000, in the case of subsequent Borrowings, or, in each
                  case, any larger amount (except that any such Borrowing may be
                  in the aggregate amount of the unused Commitments) and shall
                  be made from the several Committed Lenders ratably in
                  proportion to their respective Commitments. The Lenders have
                  no obligation to make any Loan hereunder except as expressly
                  set forth in this Agreement. Within the foregoing limits, the
                  Borrower may borrow under this Section 2.01, repay, or, to the
                  extent permitted by Section 2.07, prepay, Loans and reborrow
                  under this Section 2.01. In connection with the transactions
                  on any Funding Date, the Agent may in its sole discretion
                  grant the Borrower a temporary waiver for a specified period
                  of time to perform its obligations under clauses (a) or (b) or
                  the last sentence of clause (c) of Section 2.02 and to fulfill
                  the conditions set forth in Section 4.02 (other than clauses
                  (b), (c), (d), (g) or (n) thereof).

                           (b) Notwithstanding any other provision of this
                  Agreement which requires Borrowings to be made from the
                  Committed Lenders (or from their related Conduit Lenders)
                  ratably in proportion to the respective Commitments of such
                  Committed Lenders, or which requires payments of principal and
                  interest on the Loans to be made and allocated, or Loans to be
                  continued or converted, based on Commitment Percentages rather
                  than outstanding principal amounts:

                  (1)      If, as a result of any increase in a Committed
                           Lender's Commitment, its Commitment Percentage is
                           greater than the percentage which the Loans of such
                           Committed Lender and its related Conduit Lenders
                           constitutes of the aggregate outstanding Loans of all
                           Lenders, then any further Borrowing will be made from
                           such Committed Lender and its related Conduit Lenders
                           on a non-pro-rata basis until their outstanding Loans
                           constitute

                                      -4-
<PAGE>

                           the same percentage of all the outstanding Loans as
                           such Committed Lender's Commitment Percentage,

                  (2)      payments of principal and interest on the Loans will
                           be made to the Lenders according to the respective
                           outstanding principal amounts of such Loans, and

                  (3)      outstanding Loans will be continued and converted
                           according to their outstanding principal amounts
                           rather than the Committed Percentages of the
                           applicable Lenders."

13.      Section 2.01(ii)(B) of the Agreement is hereby amended by inserting the
words "then in effect" immediately after the words "Advance Rate" therein.

14.      Section 2.05(a) of the Agreement is hereby amended in its entirety to
read as follows:

                           "(a) Rate of Interest. (i) Each Loan shall bear
                  interest on the outstanding principal amount thereof, for each
                  day during each Interest Period applicable thereto, at a rate
                  per annum equal to the Applicable Rate for such day, or if any
                  Conduit Lender shall so designate (in accordance with the
                  definition of CP Rate) for any Loan funded and maintained by
                  such Conduit Lender through the issuance of commercial paper,
                  the CP Rate for such day; provided that any change to the
                  interest rate shall not take effect until the next succeeding
                  Interest Period after such designation. Such interest shall be
                  payable in arrears on each Settlement Date and on the
                  Termination Date.

                           (ii) At any time during which an Event of Default has
                  occurred and is continuing, each Loan shall bear additional
                  interest (in addition to the interest payable pursuant to
                  Section 2.05(a)(i)) on the outstanding principal amount
                  thereof, for each day during each Interest Period applicable
                  thereto, at a rate per annum equal to the Default Margin and
                  such accrued additional interest shall be aggregated on the
                  last day of such Interest Period (all such aggregated
                  additional interest, the "Aggregated Default Interest"). Such
                  Aggregated Default Interest shall bear interest on the
                  outstanding amount thereof, for each day during each Interest
                  Period applicable thereto, at a rate per annum equal to the
                  Aggregated Default Interest Rate and such accrued interest
                  shall be aggregated on the last day of such Interest Period
                  with the Aggregated Default Interest and shall be deemed
                  "Aggregated Default Interest" upon such aggregation.
                  Aggregated Default Interest and the interest thereon shall be
                  payable in arrears on the date on which the aggregate
                  principal amount of the Loans have been paid in full pursuant
                  to the terms of this Agreement."

15.      Section 2.06 of the Agreement is hereby amended in its entirety to read
as follows:

                           "SECTION 2.06 REPAYMENT AND MATURITY OF LOANS. On
                  each of the first two Scheduled Payment Dates, the Borrower
                  shall repay, and there shall become due and payable (together
                  with accrued interest thereon), one-third of the

                                      -5-
<PAGE>

                  aggregate principal amount of the Loans outstanding as of the
                  Revolving Termination Date, and the Loans of each Lender shall
                  be ratably repaid. On the third Scheduled Payment Date, the
                  Borrower shall repay, and there shall become due and payable,
                  the remainder of the aggregate outstanding principal amount of
                  the Loans and all accrued interest thereon (including all
                  Aggregate Default Interest and all accrued interest thereon),
                  and the Loans of each Lender shall be ratably repaid. In the
                  event that any of such payments are not made when due, the
                  Agent may, with the prior written consent of each Lender
                  (which such consent shall be in the sole discretion of each
                  such Lender) extend any such payment date on terms
                  satisfactory to such Lenders (in their sole discretion);
                  provided that, any such extension shall not extend any such
                  payment beyond the Termination Date. For the avoidance of
                  doubt, principal amounts of the Loans prepaid after the
                  Revolving Termination Date in accordance with Section 2.07(a)
                  or (b) below shall not reduce the amount of any repayment
                  scheduled to become due and payable on any Scheduled Payment
                  Date in accordance with this Section 2.06."

16.      Section 2.07(b) of the Agreement is hereby amended by inserting the
following clause (iv) at the end thereof:

                           "(iv) On the first Business Day after receipt thereof
                  by the Borrower, and notwithstanding the provisions of Section
                  2.07(c)(i), (ii) or (iii), any Net Cash Proceeds received from
                  an Asset Disposition in connection with a Securitization
                  permitted by Section 7.05(iii) shall be applied in accordance
                  with the provisions of clauses second, third, fourth, fifth,
                  sixth, seventh, ninth, tenth, and twelfth of Section
                  2.07(c)(ii) in such order."

17.      Section 2.07(b)(iii) of the Agreement is hereby amended by deleting the
parenthetical contained therein and inserting the following parenthetical:

                           "(or, (x) if such Collateral Deficiency exists solely
                  as a result of an exclusion of a designation by the Agent of
                  any Designated Ineligible Type of Railcar or Lease or as a
                  result of an exclusion of one or more Eligible Railcars
                  pursuant to clause (x) of the definition of "Excluded Assets
                  Amount", the second succeeding Settlement Date, or (y) if such
                  Collateral Deficiency exists solely as a result of a reduction
                  in the Borrowing Base caused solely by a reduction of the
                  percentage which then constituted the Advance Rate as
                  contemplated in Section 2.13, the sixth Settlement Date after
                  notice of such reduction is delivered to the Borrower)"

18.      Section 2.07(c)(i) clause fifth of the Agreement is hereby amended by
inserting the parenthetical "(except for Aggregated Default Interest and accrued
and unpaid interest thereon)" immediately after the occurrence of the words
"accrued and unpaid interest".

19.      Section 2.07(c)(i) clause eleventh of the Agreement is hereby amended
by inserting the phrase "and, thereafter, only if the outstanding Manager
Advances have been paid in full, then to the ratable payment of the unpaid
Aggregated Default Interest and any accrued and unpaid interest thereon" at the
end of such clause eleventh.

                                      -6-
<PAGE>

20.      Section 2.07(c)(ii) clause fifth of the Agreement is hereby amended by
inserting the parenthetical "(except for Aggregated Default Interest and accrued
and unpaid interest thereon)" immediately after the occurrence of the words
"accrued and unpaid interest".

21.      Section 2.07(c)(ii) clause ninth of the Agreement is hereby amended by
inserting the phrase "and, thereafter, only if the aggregate outstanding amount
of all Loans has been paid in full, then to the ratable payment of the unpaid
Aggregated Default Interest and any accrued and unpaid interest thereon" at the
end of such clause ninth.

22.      Section 2.07(c)(iii) clause fifth of the Agreement is hereby amended by
inserting the parenthetical "(except for Aggregated Default Interest and accrued
and unpaid interest thereon)" immediately after the occurrence of the words
"accrued and unpaid interest".

23.      Section 2.07(c)(iii) clause seventh of the Agreement is hereby amended
by inserting the phrase "and, thereafter, only if the aggregate outstanding
amount of all Loans has been paid in full, then to the ratable payment of the
unpaid Aggregated Default Interest and any accrued and unpaid interest thereon"
at the end of such clause seventh.

24.      Section 2.10 of the Agreement is amended by inserting the words
"(including without limitation in Section 2.01 (b))" after the words "otherwise
provided herein".

25.      Section 6.01(f) of the Agreement is hereby amended by inserting the
following immediately at the end of the first sentence thereof:

                           ",together with an executed and fully completed
                  officer's certificate substantially in the form of Exhibit M
                  hereto (if expenses are to be reimbursed to the Manager as
                  described in such certificate)."

26.      Section 6.01(k) of the Agreement is hereby amended by replacing the
words "the Required Lenders" with the words "any Lender".

27.      The first sentence of Section 6.10(a) of the Agreement is hereby
amended in its entirety to read as follows:

                           "Upon reasonable notice and during normal business
                  hours, each Facility Party will permit representatives
                  appointed by the Agent or any Lender (at the expense of the
                  Agent or such Lender, as applicable, except as set forth in
                  the proviso hereto), including independent accountants,
                  agents, employees, attorneys and appraisers, to visit, audit
                  and inspect its property and operations, including its books,
                  records, reports and other papers related to the Collateral or
                  to its accounts receivable and inventory, its facilities and
                  its other business assets, and to make photocopies or
                  photographs thereof and to write down and record any
                  information such representatives obtain and shall permit the
                  Agent or any Lender or such representatives to investigate and
                  verify the accuracy of information provided to the Agent or
                  Lenders and to discuss all such matters with the officers and
                  independent accountants and representatives of each Facility
                  Party; provided that (i) so long as no Event of Default or
                  Manager Event of Default has occurred and is continuing, the
                  Borrower shall pay the costs and expenses incurred in

                                      -7-
<PAGE>

                  connection with one such audit or inspection a year conducted
                  at the request of the Agent or the Required Lenders and (ii)
                  if an Event of Default or a Manager Event of Default shall
                  have occurred and be continuing, the Borrower shall pay the
                  costs and expenses of any and all such inspections conducted
                  at the request of the Agent or the Required Lenders."

28.      Section 6.14 of the Agreement is hereby amended in its entirety to read
as follows:

                           "SECTION 6.14 MANAGER. The Borrower acknowledges and
                  agrees that, subject to the provisions of the next sentence,
                  while any Obligation remains outstanding, TILC shall remain
                  the Manager. The Borrower, the Manager and the Agent further
                  agree that, upon the occurrence and continuance of an Event of
                  Default, a Manager Default or a Manager Event of Default and
                  as otherwise provided in the Management Documents, the Agent
                  (acting at the direction of the Required Lenders), without the
                  consent of any Facility Party, shall have the right to remove
                  the Manager, terminate any Management Document(s), appoint a
                  new Manager that is reasonably satisfactory to both the Agent
                  and the Required Lenders, in accordance with Section 8.04 of
                  the Management Agreement, and enter into new Management
                  Document(s) with such new Manager; provided that, as a
                  condition precedent to the Agent removing and replacing the
                  Manager, the Agent shall request from each of Moody's and S&P,
                  a determination whether, as a result of such removal or
                  replacement, it would cause the rating of the Notes to be
                  reduced or withdrawn."

29.      Section 9.01(b) of the Agreement is hereby amended in its entirety to
read as follows:

                           "Out of Formula. A Collateral Deficiency shall exist
                  on any two consecutive Settlement Dates (after giving effect
                  to all Loans made pursuant to Section 2.01 and all amounts
                  applied to repay the Loans pursuant to Section 2.07(c) on each
                  such Settlement Date), unless (i) such Collateral Deficiency
                  exists solely as a result of a designation by the Agent of any
                  Designated Ineligible Type of Railcar or Lease or as a result
                  of an exclusion of one or more Eligible Railcars pursuant to
                  clause (ix) of the definition of "Excluded Asset Amount", in
                  which case such Collateral Deficiency shall exist on any three
                  consecutive Settlement Dates (after giving effect to all Loans
                  made pursuant to Section 2.01 and all amounts applied to repay
                  the Loans pursuant to Section 2.07(c) on each such Settlement
                  Date) or (ii) such Collateral Deficiency exists solely as a
                  result of a reduction in the Borrowing Base caused solely by a
                  reduction of the percentage which then constituted the Advance
                  Rate as contemplated in Section 2.13, in which case such
                  Collateral Deficiency shall exist on any six consecutive
                  Settlement Dates after the Agent delivers notice of the
                  percentage reduction to the Borrower (after giving effect to
                  all Loans made pursuant to Section 2.01 and all amounts
                  applied to repay the Loans pursuant to Section 2.07(c) on each
                  such Settlement Date)."

30.      Section 9.01(d)(iii) of the Agreement is hereby amended by (i) deleting
the expressions "Article VII" and "or (d)(iii)" and (ii) by replacing the comma
after the expression (d)(i) with an "or".

                                      -8-
<PAGE>

31.      The preamble Section 11.03 of the Agreement is hereby amended in its
entirety to read as follows:

                           "Neither this Agreement nor any other Loan Document
                  nor any of the terms hereof or thereof may be amended,
                  changed, waived, discharged or terminated except, (a) in the
                  case of this Agreement, upon the Agent requesting from each of
                  Moody's and S&P a determination whether, as a result of any
                  such amendment (except for changes to the definition of
                  "Committed Amount," "Scheduled Payment Date" or the dates on
                  which payments are due pursuant to Section 2.06, or other
                  changes or agreements in respect of the subject matter herein
                  which are, in the judgment of the Agent, ministerial or
                  address mechanical matters not raising any substantive
                  credit-related concerns, including in respect of such
                  repayment and release matters associated with Asset
                  Dispositions under Section 7.05), it would cause the rating of
                  the Notes to be reduced or withdrawn, and (b) in the case of
                  this Agreement or any other Loan Document, pursuant to an
                  agreement or agreements or a consent or consents in writing
                  entered into by the Borrower, each other Facility Party which
                  is party thereto, the Required Lenders, and the Agent;
                  provided that the foregoing shall not restrict the ability of
                  the Required Lenders to waive any Event of Default prior to
                  the time the Agent shall have declared, or the Required
                  Lenders shall have requested the Agent to declare, the Loans
                  immediately due and payable pursuant to Article IX; provided,
                  however, that:"

32.      Section 11.03(i)(A) of the Agreement is hereby amended by (i) deleting
the words "Final Maturity Date" occurring therein and replacing them with the
words "Termination Date" and (ii) deleting the words "Interim Maturity Date"
occurring therein and replacing them with the words "Scheduled Payment Date".

33.      Schedule 1.01 of the Agreement is hereby amended in its entirety to
read as set forth in Schedule 1.01 hereto.

34.      The Agreement is hereby amended by inserting an "Exhibit M" thereto
identical to Exhibit M hereto, and by making appropriate revisions to the Table
of Contents reflecting such insertion.

             II. AMENDMENT TO OPERATION, MAINTENANCE, SERVICING AND
                              REMARKETING AGREEMENT

1.       Section 8.02 of the Management Agreement is hereby amended by inserting
the following clause (i) immediately after clause (h) therein and by
re-lettering the remaining clauses:

                           "(i) If the senior unsecured and uncredit enhanced
                  long term debt rating of Trinity shall be downgraded to B3 or
                  below by Moody's or to B- or below by S&P."

                                      -9-
<PAGE>

                     III. AMENDMENTS TO DEPOSITORY AGREEMENT

1.       Section 2.01 of the Depository Agreement is hereby amended by inserting
the following immediately after the first occurrence of the words "The
Borrower":

                  "shall, or cause the Manager to, pay all Cash Flows and other
         amounts payable by the Borrower under the Loan Documents directly into
         the Collection Account and"

2.       Section 3.01 of the Depository Agreement is hereby amended by inserting
and "Section 3.05" immediately following the occurrence of "Section 3.04".

3.       Article III of the Depository Agreement is hereby amended by inserting
the following "Section 3.05" immediately after "Section 3.04" therein:

                  SECTION 3.05 ALLOCATIONS OF NET CASH PROCEEDS. The Depository
         shall apply the amount of any Net Cash Proceeds held in the Collection
         Account at the time and in the manner directed by the Agent (which
         manner shall be in accordance with Section 2.07 of the Loan Agreement).

                                 MISCELLANEOUS:

1.       Effectiveness. This Amendment becomes effective on the date on which
the Agent has received executed signature pages of each party to this Amendment
(including each Lender).

2.       Representations and Warranties. The Manager and the Borrower each
represent and warrant that its respective representations and warranties
contained in Article V of the Agreement are true and correct on and as of the
date of this Amendment as though made on and as of such date, except to the
extent that such representations and warranties expressly relate to an earlier
date.

3.       Effect of Amendment. All provisions of the Agreement, as expressly
amended and modified by this Amendment, shall remain in full force and effect.
After this Amendment becomes effective, all references in the Agreement (or in
any other Transaction Document) to the Agreement shall be deemed to be
references to the Agreement as amended hereby.

4.       Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which
when so executed shall be deemed to be an original and all of which when taken
together shall constitute but one and the same instrument.

5.       Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York.

6.       Section Headings. The various headings of this Amendment are included
for convenience only and shall not affect the meaning or interpretation of this
Amendment, the Agreement or any provision hereof or thereof.

                            [SIGNATURE PAGES FOLLOW]

                                      -10-
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Amendment on the
date first written above.

                                          TRINITY INDUSTRIES LEASING
                                          COMPANY

                                          By: __________________________________
                                              Name:
                                              Title:

                                          TRINITY RAIL LEASING TRUST II

                                          By: __________________________________
                                              Name:
                                              Title:

                                          CREDIT SUISSE FIRST BOSTON,
                                          NEW YORK BRANCH
                                            as Agent and as a Committed Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          WILMINGTON TRUST COMPANY, in its
                                          capacity as Depository

                                          By: __________________________________
                                              Name:
                                              Title:

                                      S-11
<PAGE>

                                          GRAMERCY CAPITAL CORPORATION, as a
                                          Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          GREENWICH FUNDING CORPORATION, as
                                          a Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          ALPINE SECURITIZATION CORP, as a
                                          Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                      S-12

<PAGE>

                                          DRESDNER BANK AG, NEW YORK
                                          BRANCH, as a Committed Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                          By: __________________________________
                                              Name:
                                              Title:

                                          BEETHOVEN FUNDING CORPORATION, as
                                          a Conduit Lender

                                          By: __________________________________
                                              Name:
                                              Title:

                                      S-13

<PAGE>

SCHEDULE 1.01

                             LENDERS AND COMMITMENTS

<TABLE>
<CAPTION>
                                   Commitment         Commitment             Commitment
         Lender                      Amount           Percentage                Date
         ------                      ------           ----------                ----
<S>                              <C>                  <C>                 <C>
Credit Suisse First Boston,
New York Branch                  $ 200,000,000         66.66667%            June 27, 2002

Dresdner Bank AG, New
York Branch                      $ 100,000,000         33.33333%          August 29, 2003
-----------------------------------------------------------------------------------------
Totals                           $ 300,000,000         100.0000%
</TABLE>

<PAGE>

                                                                       Exhibit M

                          FORM OF OFFICER'S CERTIFICATE

Trinity Rail Leasing Trust II
2525 Stemmons Freeway
Dallas, Texas 75207
Attn: [NAME]

Ladies and Gentlemen:

                  Reference is made to that certain Warehouse Loan Agreement,
dated as of June 27, 2002 (as amended, supplemented, amended and restated or
otherwise modified in writing from time to time, the "Loan Agreement"), among
Trinity Industries Leasing Company (the "Manager"), Trinity Rail Leasing Trust
II (the "Company"), the banks and other lending institutions from time to time
party thereto (the "Lenders") and Credit Suisse First Boston, New York Branch,
as Agent for the Lenders (the "Agent"). Capitalized terms used but not defined
herein have the meaning set forth in the Loan Agreement.

                  This constitutes a certification of the following and is
related to expenses reimbursed to the Manager on [insert date] Settlement Date
pursuant to Section 5.01 of the Management Agreement and in accordance with
Section 2.07(c) of the Loan Agreement:

                  1. The funds being reimbursed to the Manager relate to
expenses that have been paid by or on behalf of the Company;

                  2. The referenced expenses were incurred and paid while the
railcars were funded in the Company;

                  3. The referenced expenses relate to eligible maintenance and
other expenses incurred in connection with the railcars funded in the Company as
described in the Loan Agreement;

                  4. The Manager has sufficient 3rd party invoices, related to
the referenced expenses being reimbursed (to the extent applicable), available
for the Agent's inspection should the Agent make such a request.

TRINITY RAIL LEASING TRUST II

By: _________________________
    Name:
    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]