Document:

Exhibit 4.1

                               SERIES SUPPLEMENT

                      CORPORATE BACKED TRUST CERTIFICATES

            AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7 TRUST

                                    between

                            LEHMAN ABS CORPORATION,

                                 as Depositor,

                                      and

                     U.S. BANK TRUST NATIONAL ASSOCIATION,

                                  as Trustee,

                            Dated as of May 1, 2002

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                               Table of Contents
                                                                          Page

Section 1.   Incorporation of Standard Terms................................1

Section 2.   Definitions....................................................1

Section 3.   Designation of Trust and Certificates..........................7

Section 4.   Trust Certificates.............................................8

Section 5.   Distributions..................................................8

Section 6.   Trustee's Fees................................................11

Section 7.   Optional Exchange; Optional Call..............................11

Section 8.   Notices of Events of Default..................................13

Section 9.   Miscellaneous.................................................13

Section 10.  Governing Law.................................................15

Section 11.  Counterparts..................................................16

Section 12.  Termination of the Trust......................................16

Section 13.  Sale of Underlying Securities; Optional Exchange..............16

Section 14.  Amendments....................................................16

Section 15.  Voting of Underlying Securities, Modification of Indenture....17

Section 16.  Additional Depositor Representation...........................18

SCHEDULE I       SERIES 2002-7 UNDERLYING SECURITIES SCHEDULE
EXHIBIT A-1      FORM OF TRUST CERTIFICATE CLASS A-1
EXHIBIT A-2      FORM OF TRUST CERTIFICATE CLASS A-2
EXHIBIT B        FORM OF WARRANT AGENT AGREEMENT
EXHIBIT C        FORM OF INVESTMENT LETTER

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                               SERIES SUPPLEMENT

                      CORPORATE BACKED TRUST CERTIFICATES

            AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7 TRUST

         SERIES SUPPLEMENT, AT&T Wireless Services Note-Backed Series 2002-7,
dated as of May 1, 2002 (the "Series Supplement"), by and between LEHMAN ABS
CORPORATION, as Depositor (the "Depositor"), and U.S. BANK TRUST NATIONAL
ASSOCIATION, as Trustee (the "Trustee").

                             W I T N E S S E T H:

         WHEREAS, the Depositor desires to create the Trust designated herein
(the "Trust") by executing and delivering this Series Supplement, which shall
incorporate the terms of the Standard Terms for Trust Agreements, dated as of
January 16, 2001 (the "Standard Terms" and, together with this Series
Supplement, the "Trust Agreement"), by and between the Depositor and the
Trustee, as modified by this Series Supplement;

         WHEREAS, the Depositor desires to deposit into the Trust the
Underlying Securities set forth on Schedule I attached hereto (the "Underlying
Securities Schedule") the general terms of which are described in the
Prospectus Supplement under the heading "Description of the Deposited Assets -
Underlying Securities";

         WHEREAS, in connection with the creation of the Trust and the deposit
therein of the Underlying Securities, it is desired to provide for the
issuance of trust certificates evidencing undivided interests in the Trust and
call warrants related thereto; and

         WHEREAS, the Trustee has joined in the execution of the Standard
Terms and this Series Supplement to evidence the acceptance by the Trustee of
the Trust.

         NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants expressed herein, it is hereby agreed by and between the
Depositor and the Trustee as follows:

     Section 1. Incorporation of Standard Terms. Except as otherwise provided
herein, all of the provisions of the Standard Terms are hereby incorporated
herein by reference in their entirety, and this Series Supplement and the
Standard Terms shall form a single agreement between the parties. In the event
of any inconsistency between the provisions of this Series Supplement and the
provisions of the Standard Terms, the provisions of this Series Supplement
will control with respect to the AT&T Wireless Services Note-Backed Series
2002-7 Certificates and the transactions described herein.

     Section 2. Definitions.

     (a) Except as otherwise specified herein or as the context may otherwise
require, the following terms shall have the respective meanings set forth
below for all purposes under this Series Supplement. (Section 2(b) below sets
forth terms listed in the Standard Terms which are

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not applicable to this Series.) Capitalized terms used but not defined herein
shall have the meanings assigned to them in the Standard Terms.

         "Available Funds" shall have the meaning specified in the Standard
Terms.

         "Business Day" shall mean any day other than (i) Saturday and Sunday
or (ii) a day on which banking institutions in New York City, New York are
authorized or obligated by law or executive order to be closed for business or
(iii) a day that is not a business day for the purposes of the Indenture.

         "Call Date" shall mean any Business Day (i) on or after May 1, 2007,
(ii) after the Underlying Securities Issuer announces that it will redeem (in
whole or in part) or otherwise make an unscheduled payment on the Underlying
Securities, (iii) after the Trustee notifies the Certificateholders of any
proposed sale of the Underlying Securities pursuant to the provisions of this
Series Supplement or (iv) on which a tender offer for some or all of the
Underlying Securities is consummated.

         "Call Notice" shall have the meaning specified in Section 1.1 of the
Warrant Agent Agreement.

         "Call Price" shall mean, for each related Call Date, (i) in the case
of the Class A-1 Certificates, 100% of the outstanding Certificate Principal
Balance of the Class A-1 Certificates being purchased pursuant to the exercise
of the Call Warrants, plus any accrued and unpaid interest on such amount to
but excluding the Call Date and (ii) in the case of the Class A-2
Certificates, the present value of all amounts that would otherwise have been
payable on the Class A-2 Certificates being purchased pursuant to the exercise
of the Call Warrants for the period from the related Call Date to the Final
Scheduled Distribution Date using a discount rate of 8.62% per annum, assuming
no delinquencies, deferrals, redemptions or prepayments on the Underlying
Securities shall occur after the related Call Date.

         "Call Warrants" shall have the meaning specified in Section 3 hereof.

         "Called Certificates" shall have the meaning specified in Section 1.1
(b) of the Warrant Agent Agreement.

         "Certificates" shall have the meaning specified in Section 3 hereof.

         "Class A-1 Allocation" shall mean the sum of the present values
(discounted at the rate of 8.00% per annum) of (i) any unpaid interest due or
to become due on the Class A-1 Certificates and (ii) the outstanding
Certificate Principal Balance of the Class A-1 Certificates (in each case
assuming that the Class A-1 Certificates were paid when due and were not
redeemed prior to their stated maturity).

         "Class A-1 Certificates" shall mean the Certificates, in the form
attached hereto as Exhibit A-1, to be issued by the Trust representing a
proportionate undivided beneficial ownership interest in certain distributions
to be made by the Trust and having the characteristics described herein and in
the Certificates.

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         "Class A-2 Allocation" shall mean the present value (discounted at
the rate of 8.00% per annum) of any unpaid amounts due or to become due on the
outstanding notional amount of the Class A-2 Certificates (assuming that the
Class A-2 Certificates were paid when due and were not redeemed prior to their
stated maturity).

         "Class A-2 Certificates" shall mean the Certificates, in the form
attached hereto as Exhibit A-2, to be issued by the Trust representing a
proportionate undivided beneficial ownership interest in certain distributions
to be made by the Trust and having the characteristics described herein and in
the Certificates.

         "Closing Date" shall mean May 1, 2002.

         "Collection Period" shall mean, (i) with respect to each September
Distribution Date, the period beginning on the day after the March
Distribution Date of such year and ending on such September Distribution Date,
inclusive and, (ii) with respect to each March Distribution Date, the period
beginning on the day after the September Distribution Date of the prior year
and ending on such March Distribution Date, inclusive; provided, however, that
clauses (i) and (ii) shall be subject to Section 9(f) hereof.

         "Corporate Trust Office" shall mean the office of U.S. Bank Trust
National Association located at 100 Wall Street, New York, New York 10005.

         "Currency" shall mean United States Dollars.

         "Depository" shall mean The Depository Trust Company, its nominees
and their respective successors.

         "Distribution Date" shall mean March 1st and September 1st of each
year (or if such date is not a Business Day, the next succeeding Business
Day), commencing on September 1, 2002, and ending on the earlier of the Final
Scheduled Distribution Date and any date on which all Underlying Securities
are redeemed pursuant to the Indenture or prepaid or liquidated in whole for
any reason other than at their maturity.

         "Event of Default" shall mean (i) a default in the payment of any
interest on any Underlying Security after the same becomes due and payable
(subject to any applicable grace period), (ii) a default in the payment of the
principal of or any installment of principal of any Underlying Security when
the same becomes due and payable, and (iii) any other event specified as an
"Event of Default" in the Indenture.

         "Exchange Act" shall mean the Securities and Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder.

         "Final Scheduled Distribution Date" shall mean March 1, 2031, or, if
such day is not a Business Day, the next succeeding Business Day.

         "Indenture" shall mean the indenture, dated as of March 6, 2001,
between the Underlying Securities Issuer and the Underlying Securities
Trustee, pursuant to which the Underlying Securities were issued.

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         "Interest Accrual Period" shall mean for any Distribution Date, the
period from and including the preceding Distribution Date (or in the case of
the first Interest Accrual Period, from and including May 1, 2002) to but
excluding the current Distribution Date.

         "Liquidation Price" shall mean the price at which the Trustee sells
the Underlying Securities.

         "Maturity Date" shall have the meaning specified in Schedule I
hereto.

         "Moody's" shall mean Moody's Investors Service, Inc.

         "Optional Call" shall mean the call of the Certificates by the
Warrant Holder, in whole or in part, resulting from the exercise of Call
Warrants by the Warrant Holder, pursuant to Section 7(d) hereof.

         "Optional Exchange" shall mean the exchange of the Certificates by
the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

         "Optional Exchange Date" shall mean any date on which Underlying
Securities subject to Optional Exchange are distributed to a
Certificateholder.

         "Ordinary Expenses" shall mean the Trustee's ordinary expenses and
overhead in connection with its services as Trustee, including the items
referred to in the definition of Ordinary Expenses in the Standard Terms.

         "Prepaid Ordinary Expenses" shall be zero for this Series.

         "Prospectus Supplement" shall mean the Prospectus Supplement, dated
April 19, 2002, relating to the Certificates.

         "QIB" shall have the meaning set forth in Section 3(e) hereof.

         "Rating Agency" shall mean Moody's and S&P.

         "Record Date" shall mean, with respect to each Distribution Date, the
day immediately preceding the related Distribution Date.

         "Required Percentage-Amendment" shall be 66-2/3% of the aggregate
Voting Rights, unless the subject amendment requires the vote of holders of
only one class of Certificates pursuant to the Standard Terms, in which case
66-2/3% of the Voting Rights of such Class.

         "Required Percentage-Direction of Trustee" shall be 66-2/3% of the
aggregate Voting Rights.

         "Required Percentage-Remedies" shall be 66-2/3% of the aggregate
Voting Rights.

         "Required Percentage-Removal" shall be 66-2/3% of the aggregate
Voting Rights.

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         "Required Rating" shall mean, in the case of Moody's, the rating
assigned to the Underlying Securities by Moody's as of the Closing Date, and,
in the case of S&P, the rating assigned to the Underlying Securities by S&P as
of the Closing Date.

         "Resale Restriction Termination Date" shall have the meaning set
forth in Section 3(e) hereof.

         "Rule 144A" shall have the meaning set forth in Section 3(e) hereof.

         "S&P" shall mean Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc.

         "Securities Act" shall mean the United States Securities Act of 1933,
as amended.

         "Series" shall mean AT&T Wireless Services Note-Backed Series 2002-7.

         "Special Distribution Date" shall have the meaning specified in
Section 5 hereof.

         "Trustee Fee" shall mean the amount paid to the Trustee by the
Depositor on the Closing Date.

         "Trust Property" shall mean the Underlying Securities described on
Schedule I hereto, the Certificate Account and any additional Underlying
Securities sold to the Trust pursuant to Section 3(d) hereof.

         "Underlying Securities" shall mean $30,000,000 aggregate principal
amount of 8.75% Senior Notes due March 1, 2031, issued by the Underlying
Securities Issuer, as set forth in Schedule I attached hereto (subject to
Section 3(d) hereof).

         "Underlying Securities Issuer" shall mean AT&T Wireless Services,
Inc..

         "Underlying Securities Trustee" shall mean The Bank of New York.

         "Underwriters" shall mean Lehman Brothers Inc. and Prudential
Securities Incorporated.

         "Voting Rights" shall be allocated between the holders of the Class
A-1 Certificates and the holders of the Class A-2 Certificates, pro rata, in
proportion to the ratio of the Class A-1 Allocation to the Class A-2
Allocation. The Class A-1 Voting Rights will be allocated among Class A-1
Certificateholders in proportion to the then unpaid Certificate Principal
Balances of their respective Certificates and the Class A-2 Voting Rights will
be allocated among all Class A-2 Certificateholders in proportion to the then
outstanding notional amounts of their respective Certificates.

         "Warrant Agent" shall mean initially, U.S. Bank Trust National
Association.

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         "Warrant Agent Agreement" shall mean that certain Warrant Agent
Agreement, dated as of the date hereof, between the Depositor and U.S. Bank
Trust National Association, as Warrant Agent and as Trustee, as the same may
be amended from time to time.

         "Warrant Holder" shall mean the holder of a Call Warrant.

     (b) The terms listed below are not applicable to this Series.

                "Accounting Date"

                "Administrative Fees"

                "Advance"

                "Allowable Expense Amounts"

                "Basic Documents"

                "Calculation Agent"

                "Call Premium Percentage"

                "Credit Support"

                "Credit Support Instrument"

                "Credit Support Provider"

                "Cut-off Date"

                "Eligible Expense"

                "Eligible Investment"

                "Exchange Rate Agent"

                "Fixed Pass-Through Rate"

                "Floating Pass-Through Rate"

                "Guaranteed Investment Contract"

                "Letter of Credit"

                "Limited Guarantor"

                "Limited Guaranty"

                "Minimum Wire Denomination"

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                "Pass-Through Rate"

                "Place of Distribution"

                "Purchase Price"

                "Required Premium"

                "Required Principal"

                "Requisite Reserve Amount"

                "Retained Interest"

                "Sale Procedures"

                "Sub-Administration Account"

                "Sub-Administration Agreement"

                "Sub-Administration Agent"

                "Surety Bond"

                "Swap Agreement"

                "Swap Counterparty"

                "Swap Distribution Amount"

                "Swap Guarantee"

                "Swap Guarantor"

                "Swap Receipt Amount"

                "Swap Termination Payment"

     Section 3. Designation of Trust and Certificates. The Trust created
hereby shall be known as the "Corporate Backed Trust Certificates, AT&T
Wireless Services Note-Backed Series 2002-7 Trust." The Certificates
evidencing certain undivided ownership interests therein shall be known as
"Corporate Backed Trust Certificates, AT&T Wireless Services Note-Backed
Series 2002-7." The Certificates shall consist of the Class A-1 Certificates
and the Class A-2 Certificates (together, the "Certificates"). The Trust is
also issuing call warrants with respect to the Certificates ("Call Warrants").

     (a) The Certificates shall be held through the Depository in book-entry
form and shall be substantially in the forms attached hereto as Exhibits A-1
and A-2. The Class A-1 Certificates shall be issued

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in denominations of $25. The Class A-2 Certificates shall be issued in
minimum notional denominations of $100,000 and integral multiples of $1 in
excess thereof; provided, however, that on any Call Date on which a Warrant
Holder shall concurrently exchange Called Certificates for a distribution of
Underlying Securities in accordance with the provisions of Section 7 hereof,
Called Certificates may be issued in other denominations. Except as provided
in the Standard Terms and in paragraph (d) in this Section, the Trust shall
not issue additional Certificates or additional Call Warrants or incur any
indebtedness.

     (b) The Class A-1 Certificates consist of 1,200,000 Certificates having
an initial aggregate certificate principal amount (the "Certificate Principal
Balance") of $30,000,000. The Class A-2 Certificates are interest-only
Certificates, and shall have an initial aggregate notional amount equal to the
initial Certificate Principal Balance of the Class A-1 Certificates.

     (c) The holders of the Class A-1 Certificates will be entitled to receive
on each Distribution Date the interest, if any, received on the Underlying
Securities, to the extent necessary to pay interest at a rate of 8.00% per
annum on the outstanding Certificate Principal Balance of the Class A-1
Certificates. The holders of the Class A-2 Certificates will be entitled to
receive on each Distribution Date the interest, if any, received on the
Underlying Securities, to the extent necessary to pay interest at a rate of
0.75% per annum on the outstanding notional amount of the Class A-2
Certificates. On September 1, 2002, the Trustee will pay to the Depositor the
amount of interest accrued and paid on the Underlying Securities from March 1,
2002, to but not including the Closing Date; provided, however, that in the
event an Optional Exchange Date shall occur prior to September 1, 2002, a pro
rata portion of such amount shall be paid to the Depositor on the Optional
Exchange Date in accordance with the provisions of Section 7(b)(ix) hereof. If
Available Funds are insufficient to pay such amount, the Trustee will pay the
Depositor its pro rata share, based on the ratio the amount owed to the
Depositor bears to all amounts owed on the Certificates in respect of accrued
interest, of any proceeds from the recovery on the Underlying Securities.

     (d) The Depositor may sell to the Trustee additional Underlying
Securities on any date hereafter upon at least 3 Business Days' notice to the
Trustee (or such shorter period as shall be mutually satisfactory to the
Depositor and the Trustee) and upon (i) satisfaction of the Rating Agency
Condition and (ii) delivery of an Opinion of Counsel to the effect that the
sale of such additional Underlying Securities will not cause the Trust to be
taxed as an association or publicly traded partnership taxable as a
corporation for federal income tax purposes. Each condition to be satisfied
with respect to a sale of Underlying Securities on or prior to the Closing
Date shall be satisfied with respect to a sale of additional Underlying
Securities no later than the date of sale thereof, each representation and
warranty set forth in the Standard Terms to be made on the Closing Date shall
be made on such date of sale, and from and after such date of sale, all
Underlying Securities held by the Trustee shall be held on the same terms and
conditions. Upon such sale to the Trustee, the Trustee shall deposit such
additional Underlying Securities in the Certificate Account, and shall
authenticate and deliver to the Depositor, on its order, Class A-1
Certificates in a Certificate Principal Balance, and Class A-2 Certificates in
a notional amount, equal to the principal amount of such additional Underlying
Securities, and the Call Warrants related thereto. Any such additional Class
A-1 Certificates and Class A-2 Certificates authenticated and delivered shall
have the same terms and rank pari passu with the corresponding classes of
Certificates previously issued in accordance with this Series Supplement.

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     (e) No Class A-2 Certificate or Call Warrant may be offered, resold,
assigned or otherwise transferred (including by pledge or hypothecation) at
any time prior to (x) the date which is two years or such shorter period of
time as permitted by Rule 144(k) under the Securities Act after the later of
the original issue date of such Class A-2 Certificates or Call Warrants, as
applicable, and the last date on which the Depositor or any "affiliate" (as
defined in Rule 144 under the Securities Act) of the Depositor was the owner
of such Class A-2 Certificates or Call Warrants, as applicable, (or any
predecessor thereto) or (y) such later date, if any, as may be required by a
change in applicable securities laws (the "Resale Restriction Termination
Date") unless such offer, resale, assignment or transfer is (i) to the Trust,
(ii) pursuant to an effective registration statement under the Securities Act,
(iii) to a qualified institutional buyer (a "QIB"), as such term is defined in
Rule 144A promulgated under the Securities Act ("Rule 144A"), in accordance
with Rule 144A or (iv) pursuant to another available exemption from
registration provided under the Securities Act, and, in each of cases (i)
through (iv), in accordance with any applicable securities laws of any state
of the United States and other jurisdictions. Prior to any offer, resale,
assignment or transfer of any Class A-2 Certificates or Call Warrants in the
manner described in clause (iii) above, the prospective transferee and the
prospective transferor shall be required to deliver to the Trustee an executed
copy of an Investment Letter with respect to the Class A-2 Certificates or
Call Warrants, as applicable, to be transferred substantially in the form of
Exhibit C hereto. Prior to any offer, resale, assignment or transfer of any
Class A-2 Certificates or Call Warrants in the manner described in clause (iv)
above, the prospective transferee and the prospective transferor shall be
required to deliver to the Trustee documentation certifying that the offer,
resale, assignment or transfer complies with the provisions of said clause
(iv). In addition to the foregoing, each prospective transferee of any Class
A-2 Certificates or Call Warrants in the manner contemplated by clause (iii)
above shall acknowledge, represent and agree as follows:

      (1)      The transferee (x) is a QIB, (y) is aware that the sale to
               it is being made in reliance on Rule 144A and (z) is
               acquiring such Class A-2 Certificates or Call Warrants, as
               applicable, for its own account or for the account of a QIB.

      (2)      The transferee understands that the Class A-2 Certificates
               or Call Warrants, as applicable, are being offered in a
               transaction not involving any public offering in the United
               States within the meaning of the Securities Act, and that
               the Class A-2 Certificates or Call Warrants, as applicable,
               have not been and will not be registered under the
               Securities Act.

      (3)      The transferee agrees that (A) if in the future it decides
               to offer, resell, pledge or otherwise transfer the Class A-2
               Certificates or Call Warrants, as applicable, prior to the
               Resale Restriction Termination Date, such Class A-2
               Certificates or Call Warrants, as applicable, shall only be
               offered, resold, assigned or otherwise transferred (i) to
               the Trust, (ii) pursuant to an effective registration
               statement under the Securities Act, (iii) to a QIB, in
               accordance with Rule 144A or (iv) pursuant to another
               available exemption from registration provided under the
               Securities Act, and, in each of cases (i) through (iv), in
               accordance with any applicable securities laws of any state
               of the United States and other jurisdictions and (B) the
               transferee will, and each subsequent holder is required to,
               notify any

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               subsequent purchaser of such Class A-2 Certificates or Call
               Warrants, as applicable, from it of the resale restrictions
               referred to in clause (A) above.

     (f) The Class A-2 Certificates will, unless otherwise agreed by the
Depositor and the Trustee, bear a legend substantially to the following
effect:

               "THIS CLASS A-2 CERTIFICATE (OR ITS PREDECESSOR) HAS NOT
               BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
               AMENDED, AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE
               DISPOSED OF EXCEPT WHILE A REGISTRATION UNDER SUCH ACT IS IN
               EFFECT OR PURSUANT TO AN EXEMPTION THEREFROM UNDER SUCH ACT.
               THE CLASS A-2 CERTIFICATE REPRESENTED HEREBY MAY BE
               TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF THE SERIES
               SUPPLEMENT.

               EACH PURCHASER OF THIS CLASS A-2 CERTIFICATE IS HEREBY
               NOTIFIED THAT THE SELLER OF THIS CLASS A-2 CERTIFICATE MAY
               BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5
               OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER."

     Section 4. Trust Certificates. The Trustee hereby acknowledges receipt,
on or prior to the Closing Date, of:

     (a) the Underlying Securities set forth on Schedule I hereto; and

     (b) all documents required to be delivered to the Trustee pursuant to
Section 2.01 of the Standard Terms.

     Section 5. Distributions.

     (a) Except as otherwise provided in Sections 3(c), 5(c), 5(d) and 5(i) on
each applicable Distribution Date (or such later date as specified in Section
9(f)), the Trustee shall apply Available Funds in the Certificate Account as
follows:

         (i) The Trustee will pay the interest portion of Available Funds:

               (1) first, to the Trustee, as reimbursement for any
          Extraordinary Trust Expenses incurred by the Trustee in accordance
          with Section 6(b) below and approved by 100% of the
          Certificateholders; and

               (2) second, to the holders of the Class A-1 Certificates and to
          the holders of the Class A-2 Certificates, interest accrued and
          unpaid on each such Class, pro rata in proportion to their
          entitlements thereto.

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         (ii) the Trustee will pay the principal portion of Available Funds:

               (1) first, to the Trustee, as reimbursement for any remaining
          Extraordinary Trust Expenses incurred by the Trustee in accordance
          with Section 6(b) below and approved by 100% of the
          Certificateholders; and

               (2) second, to the holders of the Class A-1 Certificates, the
          Certificate Principal Balance of the Class A-1 Certificates.

Any portion of the Available Funds (i) that does not constitute principal of,
or interest on, the Underlying Securities, (ii) that is not received in
connection with a redemption, prepayment or liquidation of the Underlying
Securities and (iii) for which allocation by the Trustee is not otherwise
contemplated by this Series Supplement, shall be remitted by the Trustee to
the Depositor.

     (b) [Reserved].

     (c) Notwithstanding the foregoing, if the Underlying Securities are
redeemed, prepaid or liquidated in whole or in part for any reason other than
due to the occurrence of an Underlying Securities Event of Default, the
cessation of the Underlying Securities Issuer to file periodic reports as
required by the Exchange Act or at their maturity, the Trustee shall apply
Available Funds in the manner described in Section 5(h) in the following order
of priority:

         (i)   first, to the Trustee, as reimbursement for any Extraordinary
               Trust Expenses incurred by the Trustee in accordance with
               Section 6(b) below and approved by 100% of the
               Certificateholders;

         (ii)  second, to the holders of the Class A-1 Certificates, an
               amount equal to the principal amount of Underlying Securities
               so redeemed, prepaid or liquidated plus accrued and unpaid
               interest on the amount of Class A-1 Certificates so redeemed;

         (iii) third, to the holders of the Class A-2 Certificates, the
               present value of all amounts that would otherwise have been
               payable on the Class A-2 Certificates for the period from the
               date of such redemption or prepayment to the Final Scheduled
               Distribution Date using a discount rate of 8.00% per annum,
               assuming no delinquencies, deferrals, redemptions or
               prepayments on the Underlying Securities; and

         (iv)  fourth, any remainder to the holders of the Class A-1
               Certificates and the Class A-2 Certificates pro rata in
               proportion to the ratio of the Class A-1 Allocation to the
               Class A-2 Allocation.

     (d) Notwithstanding the foregoing, if the Underlying Securities are
redeemed, prepaid or liquidated in whole or in part due to the occurrence of
an Underlying Securities Event of Default, the Trustee shall apply Available
Funds to the holders of the Class A-1 Certificates and the holders of the
Class A-2 Certificates in accordance with the ratio of the Class A-1
Allocation to the Class A-2 Allocation.

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     (e) Unless otherwise instructed by holders of Certificates representing a
majority of the Voting Rights, thirty (30) days after giving notice pursuant
to Section 8 hereof, the Trustee shall sell the Underlying Securities pursuant
to Section 13 hereof and deposit the Liquidation Proceeds, if any, into the
Certificate Account for distribution not later than two (2) Business Days
after the receipt of immediately available funds in accordance with Section
5(d) hereof provided, however, that if any Warrant Holder designates any day
on or prior to the proposed sale date as a Call Date and Optional Exchange
Date pursuant to Section 7, the portion of Underlying Securities related to
such Optional Exchange shall not be sold but shall be distributed to the
Warrant Holder pursuant to Section 7 and the Warrant Agent Agreement.

     (f) If the Trustee receives non-cash property in respect of the
Underlying Securities as a result of a payment default on the Underlying
Securities (including from the sale thereof), the Trustee will promptly give
notice to the Depository, or for any Certificates which are not then held by
DTC or any other depository, directly to the registered holders of the
Certificates then outstanding and unpaid and to the Warrant Agent. Such notice
shall state that the Trustee shall and the Trustee shall, not later than 30
days after the receipt of such property, allocate and distribute such property
to the holders of Class A-1 Certificates and Class A-2 Certificates then
outstanding and unpaid (after deducting the costs incurred in connection
therewith) in accordance with Section 5(d) hereof. Property other than cash
will be liquidated by the Trustee, and the proceeds thereof distributed in
cash, only to the extent necessary to avoid distribution of fractional
securities to Certificateholders. In-kind distribution of such property to
Certificateholders, based on the market value of such property as of the date
of distribution to Certificateholders, will be deemed to reduce the
Certificate Principal Balance of the Class A-1 Certificates on a
dollar-for-dollar basis. The outstanding notional amount of the Class A-2
Certificates shall be reduced, pro rata among all Class A-2
Certificateholders, by an amount equal to the amount by which the Certificate
Principal Balance of the Class A-1 Certificates is reduced.

     (g) Subject to Section 9(f) hereof, to the extent Available Funds are
insufficient to make any scheduled interest or principal payments on any class
of Certificates on any Distribution Date, any shortfall will be carried over
and will be distributed on the next Distribution Date (or date referred to in
Section 5(h) hereof) on which sufficient funds are available to pay such
shortfall.

     (h) If a payment with respect to the Underlying Securities is made to the
Trustee in connection with redemption, prepayment or liquidation, in whole or
in part, of the Underlying Securities for any reason other than due to the
occurrence of an Event of Default, the cessation of the Underlying Securities
Issuer to file periodic reports as required by the Exchange Act or at their
maturity, the Trustee will distribute any such amounts received in accordance
with Section 5(c) on the next occurring Business Day (a "Special Distribution
Date") as if the funds had constituted Available Funds on the Distribution
Date immediately preceding such Special Distribution Date; provided, however,
that the Record Date for such Special Distribution Date shall be one Business
Day prior to the day on which the related payment was received with respect to
the Underlying Securities.

     (i) Notwithstanding Section 3.12 of the Standard Terms, if the Underlying
Securities Issuer ceases to file periodic reports as required under the
Exchange Act, the Depositor shall

                                      12

<PAGE>

within a reasonable time instruct the Trustee to (i) notify the Warrant
Agent that the Underlying Securities are proposed to be sold and that any Call
Warrants and related Optional Exchange rights must be exercised no later than
the date specified in the notice (which shall be not less than ten Business
Days after the date of such notice) and (ii) to the extent that the Warrant
Holders fail to exercise their Call Warrants and related Optional Exchange
rights on or prior to such date, to sell the Underlying Securities and
distribute the proceeds of such sale to the Certificateholders in accordance
with the following order of priority: first, to the Trustee, as reimbursement
for any Extraordinary Trust Expenses incurred by the Trustee in accordance
with Section 6(b) below and approved by 100% of the Certificateholders; and
second, any remainder to the holders of the Class A-1 Certificates and the
Class A-2 Certificates pro rata in proportion to the ratio of the Class A-1
Allocation to the Class A-2 Allocation; provided, however, the Depositor shall
not instruct the Trustee to sell the Underlying Securities (or provide a
notice of such instruction to the Warrant Agent) pursuant to this clause
unless the Underlying Securities Issuer has either (x) stated in writing that
it intends permanently to cease filing reports required under the Exchange Act
or (y) failed to file any required reports for one full calendar year.

     (j) On any date on which Underlying Securities are redeemed, prepaid or
liquidated for any reason, the aggregate outstanding notional amount of the
Class A-2 Certificates shall be reduced by an amount equal to the principal
amount of the Underlying Securities so redeemed, prepaid or liquidated, the
reduction to be allocated pro rata among all Class A-2 Certificates.

     Section 6. Trustee's Fees.

     (a) As compensation for its services hereunder, the Trustee shall be
entitled to the Trustee Fee. The Trustee Fee shall be paid by the Depositor
and not from Trust Property. The Trustee shall bear all Ordinary Expenses.
Failure by the Depositor to pay such amount shall not entitle the Trustee to
any payment or reimbursement from the Trust, nor shall such failure release
the Trustee from the duties it is required to perform under the Trust
Agreement.

     (b) Extraordinary Expenses shall not be paid out of the Trust Property
unless all the holders of the Class A-1 Certificates and Class A-2
Certificates then outstanding have directed the Trustee to incur such
Extraordinary Expenses. The Trustee may incur other Extraordinary Expenses if
any lesser percentage of the Certificateholders requesting such action
pursuant hereto reimburse the Trustee for the cost thereof from their own
funds in advance. If Extraordinary Expenses are not approved unanimously as
set forth in the first sentence of this Section 6(b), such Extraordinary
Expenses shall not be an obligation of the Trust, and the Trustee shall not
file any claim against the Trust therefor notwithstanding failure of
Certificateholders to reimburse the Trustee.

     Section 7. Optional Call; Optional Exchange.

     (a) On (A) any Distribution Date, (B) any date on which a tender offer
for some or all of the Underlying Securities is consummated or (C) any date on
which the Underlying Securities are to be redeemed by the Underlying
Securities Issuer, any holder of Class A-1 Certificates and Class A-2
Certificates and the related Call Warrants, if Call Warrants related to such
Certificates are outstanding, may exchange such Certificates and, if
applicable, Call Warrants, for a distribution of Underlying Securities
representing the same percentage of the Underlying

                                      13

<PAGE>

Securities as such Certificates represent of all outstanding Certificates. On
any Call Date, any Warrant Holder may exchange Called Certificates for a
distribution of Underlying Securities representing the same percentage of
Underlying Securities as such Called Certificates represent of all outstanding
Certificates; provided that any such exchange shall either (x) result from an
exercise of all Call Warrants owned by such Warrant Holder or (y) occur on a
Call Date on which such Warrant Holder, alone or together with one or more
other Warrant Holders, shall exchange Called Certificates relating to
Underlying Securities having an aggregate principal amount equal to or in
excess of the product of (i) 0.1 and (ii) the aggregate principal amount of
the Underlying Securities deposited into the Trust on the Closing Date.

     (b) The following conditions shall apply to any Optional Exchange.

          (i) A notice specifying the number of Certificates being surrendered
     and the Optional Exchange Date shall be delivered to the Trustee no less
     than 5 days (or such shorter period acceptable to the Trustee) but not
     more than 30 days before the Optional Exchange Date; provided that for an
     Optional Exchange to occur on a Call Date, unless otherwise specified
     therein, the Call Notice shall be deemed to be the notice required
     hereunder.

          (ii) Certificates and, if applicable, the Call Warrants, shall be
     surrendered to the Trustee no later than 10:00 a.m. (New York City time)
     on the Optional Exchange Date; provided that for an Optional Exchange to
     occur on a Call Date, payment of the Call Price to the Warrant Agent
     pursuant to Section 1.1(a)(iii) of the Warrant Agent Agreement shall
     satisfy the requirement to surrender Certificates.

          (iii) Class A-1 Certificates and Class A-2 Certificates representing
     a like percentage of all Class A-1 Certificates and Class A-2
     Certificates shall be surrendered.

          (iv) The Trustee shall have received an opinion of counsel stating
     that the Optional Exchange would not cause the Trust to be treated as an
     association or publicly traded partnership taxable as a corporation for
     federal income tax purposes.

          (v) If the Certificateholder is the Depositor or any Affiliate of
     the Depositor, (1) the Trustee shall have received a certification from
     the Certificateholder that any Certificates being surrendered have been
     held for at least six months, and (2) the Certificates being surrendered
     may represent no more than 5% (or 25% in the case of Certificates
     acquired by the Underwriters but never distributed to investors) of the
     then outstanding Certificates.

          (vi) The Trustee shall not be obligated to determine whether an
     Optional Exchange complies with the applicable provisions for exemption
     under Rule 3a-7 of the Investment Company Act of 1940, as amended, or the
     rules or regulations promulgated thereunder.

          (vii) The provisions of Section 4.07 of the Standard Terms shall not
     apply to an Optional Exchange pursuant to this Section 7(b). This Section
     7(b) shall not provide any person with a lien against, an interest in or
     a right to specific performance with respect to the Underlying
     Securities; provided that satisfaction of the conditions set forth in
     this

                                      14

<PAGE>

     Section 7(b) shall entitle the Certificateholder or Warrant Holder,
     as applicable, to a distribution thereof.

          (viii) The aggregate principal amount of Certificates exchanged in
     connection with any Optional Exchange pursuant to this Section shall be
     in an amount that will entitle the Certificateholders thereof to
     Underlying Securities in an even multiple of the minimum denomination of
     such Underlying Securities.

          (ix) In the event such Optional Exchange shall occur prior to
     September 1, 2002, the Certificateholders shall have paid to the Trustee,
     for distribution to the Depositor, on the Optional Exchange Date an
     amount equal to the sum obtained by multiplying the amount of accrued
     interest on the Underlying Securities from March 1, 2002 through, but
     excluding, the Closing Date by a fraction, the numerator of which shall
     be the number of Certificates being exchanged on such Optional Exchange
     Date and the denominator of which shall be the total number of
     Certificates.

     (c) Concurrently with the execution of this Series Supplement, the
Trustee, on behalf of the Trust, shall execute the Warrant Agent Agreement and
the Call Warrants, dated as of the date hereof and substantially in the form
of Exhibit B hereto, initially evidencing all of the Call Warrants. The
Trustee shall perform the Trust's obligations under the Warrant Agent
Agreement and the Call Warrants in accordance with their respective terms.

     (d) Call Warrants may be exercised by the Warrant Holder in whole or in
part on any Call Date. In addition to the conditions set forth in Section 1.1
of the Warrant Agent Agreement, the following conditions shall apply to any
Optional Call.

          (i) An opinion of counsel to the Warrant Holder shall have been
     delivered to the Rating Agencies, in form satisfactory to the Rating
     Agencies, indicating that payment of the Call Price shall not be
     recoverable as a preferential transfer or fraudulent conveyance under the
     United States Bankruptcy Code. Such opinion may contain customary
     assumptions and qualifications.

          (ii) The Warrant Holder shall have provided a certificate of
     solvency to the Trustee.

          (iii) Upon receipt of a Call Notice, the Trustee shall provide a
     conditional call notice to the Depository not less than 3 Business Days
     prior to the Call Date.

          (iv) Delivery of a Call Notice does not give rise to an obligation
     on the part of the Warrant Holder to pay the Call Price. If, by 10:00
     a.m. (New York City time) on the Call Date, the Warrant Holder has not
     paid the Call Price, except in connection with a Call Notice relating to
     a tender offer for the Underlying Securities, then the Call Notice shall
     automatically expire and none of the Warrant Holder, the Warrant Agent or
     the Trustee shall have any obligation with respect to the Call Notice.
     The expiration of a Call Notice shall in no way affect the Warrant
     Holder's right to deliver a Call Notice at a later date. The Call Price
     for a call in connection with a tender offer shall be deducted from the
     proceeds of a tender offer by the Trust pursuant to Section 7(g)(iii).

                                      15

<PAGE>

          (v) Subject to receipt of the Call Price, the Trustee shall pay the
     Call Price to the Certificateholders on the Call Date. The Call Price for
     each Class of Certificates in respect of partial calls shall be allocated
     pro rata to the Certificateholders of such Class.

          (vi) The Trustee shall not consent to any amendment or modification
     of this Agreement (including the Standard Terms) which would adversely
     affect the Warrant Holders (including, without limitation, any alteration
     of the timing or amount of any payment of the Call Price or any other
     provision of this Agreement in a manner adverse to the Warrant Holders)
     without the prior written consent of 100% of the Warrant Holders. For
     purposes of this clause, no amendment, modification or supplement
     required to provide for any purchase by the Trustee of additional
     Underlying Securities and authentication and delivery by the Trustee of
     additional Certificates and Call Warrants pursuant to Section 3(d) shall
     be deemed to adversely affect the Warrant Holders.

          (vii) The Trustee shall not be obligated to determine whether an
     Optional Call complies with the applicable provisions for exemption under
     Rule 3a-7 of the Investment Company Act of 1940, as amended, or the rules
     or regulations promulgated thereunder.

     (e) This Section 7 shall not provide the Warrant Holder with a lien
against, an interest in or a right to specific performance with respect to the
Underlying Securities; provided that satisfaction of the conditions set forth
in Section 7(b) shall entitle the Certificateholders or the Warrant Holders,
as applicable, to a distribution of the Underlying Securities.

     (f) The rights of the Certificateholders under the Trust Agreement and
the Certificates are limited by the terms, provisions and conditions of the
Trust Agreement, the Warrant Agent Agreement and the Call Warrants with
respect to the exercise of the Call Warrants by the Warrant Holder. The
Certificateholders, by their acceptance of Certificates, covenant and agree to
tender any and all Called Certificates to the Trustee upon the Warrant
Holder's exercise of Call Warrants and payment of the Call Price for such
Certificates in accordance with the provisions hereof and of the Warrant Agent
Agreement.

     (g) (i) If the Trustee receives notice of a tender offer for some or
     all of the Underlying Securities, the Trustee shall within one Business
     Day notify the Warrant Agent and forward to the Warrant Agent copies of
     all materials received by the Trustee in connection therewith. If the
     Trustee receives a Call Notice from any Warrant Holder no later than five
     Business Days prior to the expiration of the tender offer acceptance
     period that such Warrant Holder desires to exercise all or a portion of
     its Call Warrants in connection with the consummation of any such tender
     offer, then the Trustee shall tender, in compliance with the tender offer
     requirements, an amount of Underlying Securities equal to the amount of
     Underlying Securities that would be distributable to the Warrant Holder
     with respect to an Optional Exchange of the Called Certificates called by
     such Warrant Holder; provided that any Optional Call or Optional Exchange
     undertaken in connection with any such tender offer shall be subject to
     the provisions of Section 7 hereof.

                                      16

<PAGE>

          (ii) The Call Date and Optional Exchange Date for any exercise of
     Call Warrants in connection with a tender offer shall be deemed to be the
     Business Day on which such Underlying Securities are accepted for payment
     and paid for.

          (iii) The Call Price shall be deducted from the tender offer
     proceeds and paid to Certificateholders in connection with Section
     7(d)(v), and the excess of the tender offer proceeds over the Call Price
     shall be paid to the exercising Warrant Holders pro rata in respect to
     their proportionate exercises of Call Warrants or, if the Call Price
     exceeds the tender offer proceeds, the amount of such excess shall be
     paid by the exercising Warrant Holders pro rata in respect to their
     proportionate exercises of Call Warrants.

          (iv) If fewer than all tendered Underlying Securities are accepted
     for payment and paid for, (A) the amount of Call Warrants exercised shall
     be reduced to an amount that corresponds to a number of Certificates that
     could be exchanged in an Optional Exchange for the Underlying Securities
     accepted for payment and paid for (without regard to any restrictions on
     the amount to be exchanged, so long as such restrictions would have been
     satisfied had all tendered Underlying Securities been accepted for
     payment and paid for); (B) each Warrant Holder's exercise shall be
     reduced by its share (proportionate to the amount specified in its
     exercise notice) of the amount of Underlying Securities not accepted for
     payment and paid for; (C) the Call Price shall be determined after giving
     effect to the reduction specified in clause (B); (D) the Call Warrants
     that relate to the reduction specified in clause (B) shall remain
     outstanding; and (E) the excess of the tender offer proceeds over the
     Call Price shall be allocated in proportion to the amount of Call
     Warrants deemed exercised as set forth in clause (A) above or, if the
     Call Price exceeds the tender offer proceeds the amount of such excess
     shall be paid by the exercising Warrant Holders pro rata in respect to
     their proportionate exercises of Call Warrants.

          (v) If the tender offer is terminated by the Underlying Securities
     Issuer or any other tender offeror without consummation thereof or if all
     tenders by the Trust of Underlying Securities are otherwise rejected,
     then (1) the Call Notices will be of no further force and effect, and (2)
     any Call Warrants relating to such Call Notices will not be exercised and
     will remain outstanding.

     Section 8. Notices of Events of Default.

              As promptly as practicable after, and in any event within 30
days after, the occurrence of any Event of Default actually known to the
Trustee, the Trustee shall give notice of such Event of Default to the
Depository, or, if any Certificates are not then held by DTC or any other
depository, directly to the registered holders of such Certificates, and to
the Warrant Agent. However, except in the case of an Event of Default relating
to the payment of principal of or interest on any of the Underlying
Securities, the Trustee will be protected in withholding such notice if in
good faith it determines that the withholding of such notice is in the
interest of the Certificateholders.

     Section 9. Miscellaneous.

                                      17

<PAGE>

     (a) The provisions of Section 4.04, Advances, of the Standard Terms shall
not apply to the AT&T Wireless Services Note-Backed Series 2002-7
Certificates.

     (b) The provisions of Section 4.07, Optional Exchange, of the Standard
Terms shall not apply to the AT&T Wireless Services Note-Backed Series 2002-7
Certificates.

     (c) The Trustee shall simultaneously forward reports to
Certificateholders pursuant to Section 4.03 of the Standard Terms and to the
New York Stock Exchange.

     (d) Except as expressly provided herein, the Certificateholders shall not
be entitled to terminate the Trust or cause the sale or other disposition of
the Underlying Securities.

     (e) The provisions of Section 3.07(d) of the Standard Terms shall not
apply to the AT&T Wireless Services Note-Backed Series 2002-7 Certificates.

     (f) If the Trustee has not received payment with respect to a Collection
Period on the Underlying Securities on or prior to the related Distribution
Date, such distribution will be made promptly upon receipt of such payment. No
additional amounts shall accrue on the Certificates or be owed to
Certificateholders as a result of such delay; provided, however, that any
additional interest owed and paid by the Underlying Securities Issuer as a
result of such delay shall be paid to the Class A-1 Certificateholders and
Class A-2 Certificateholders pro rata in proportion to their respective
entitlements to such delayed payments.

     (g) The outstanding principal balance of the Certificates shall not be
reduced by the amount of any Realized Losses (as defined in the Standard
Terms).

     (h) The Trust may not engage in any business or activities other than in
connection with, or relating to, the holding, protecting and preserving of the
Trust Property and the issuance of the Certificates and the Call Warrants, and
other than those required or authorized by the Trust Agreement or incidental
and necessary to accomplish such activities. The Trust may not issue or sell
any certificates or other obligations other than the Certificates and the Call
Warrants or otherwise incur, assume or guarantee any indebtedness for money
borrowed. Notwithstanding Section 3.05 of the Standard Terms, funds on deposit
in the Certificate Account shall not be invested. Section 2.01(f) of the
Standard Terms shall be superseded by this provision.

     (i) Notwithstanding anything in the Trust Agreement to the contrary, the
Trustee may be removed upon 60 days prior written notice delivered by the
holders of Class A-1 Certificates and Class A-2 Certificates representing the
Required Percentage-Removal.

     (j) In the event that the Internal Revenue Service challenges the
characterization of the Trust as a grantor trust, the Trustee shall then file
such forms as the Depositor may specify to establish the Trust's election
pursuant to Section 761 of the Code to exclude the Trust from the application
of Subchapter K of the Code and is hereby empowered to execute such forms on
behalf of the Certificateholders.

     (k) Notwithstanding anything in the Standard Terms to the contrary, the
Trustee, upon written direction by the Depositor, will execute the
Certificates.

                                      18

<PAGE>

     (l) In relation to Section 7.01(f) of the Standard Terms, any periodic
reports filed by the Trustee pursuant to the Exchange Act in accordance with
the customary practices of the Depositor, need not contain any independent
reports.

     (m) Notwithstanding anything in the Trust Agreement to the contrary, the
Trustee will have no recourse to the Underlying Securities.

     (n) [Reserved].

     (o) The Trust will not merge or consolidate with any other entity without
confirmation from each Rating Agency that such merger or consolidation will
not result in the qualification, reduction or withdrawal of its then-current
rating on the Certificates.

     (p) All directions, demands and notices hereunder or under the Standard
Terms shall be in writing and shall be delivered as set forth below (unless
written notice is otherwise provided to the Trustee).

          If to the Depositor, to:

                  Lehman ABS Corporation
                  745 Seventh Avenue
                  New York, New York  10019
                  Attention:  Structured Credit Trading
                  Telephone:  (212) 526-6575
                  Facsimile:   (201) 508-4621

          If to the Trustee or the Warrant Agent, to:

                  U.S. Bank Trust National Association
                  100 Wall Street
                  New York, New York  10005
                  Attention:  Corporate Trust
                  Telephone:  (212) 361-2500
                  Facsimile:  (212) 809-5459

          If to the Rating Agencies, to:

                  Moody's Investors Service, Inc.
                  99 Church Street 21W
                  New York, New York  10007
                  Attention:  CBO/CLO Monitoring Department
                  Telephone:  (212) 553-1494
                  Facsimile:  (212) 553-0355

                                      19

<PAGE>

         and to:

                  Standard & Poor's Ratings Services
                  55 Water Street
                  New York, New York  10041
                  Attention:  Structured Finance Surveillance Group
                  Telephone:  (212) 438-2482
                  Facsimile:  (212) 438-2664

          If to the New York Stock Exchange, to:

                  New York Stock Exchange, Inc.
                  20 Broad Street
                  New York, New York  10005
                  Attention:  Vincent Patten
                  Telephone:  (212) 656-5276
                  Facsimile:  (212) 656-5780

         Copies of all directions, demands and notices required to be given to
the Certificateholders hereunder or under the Standard Terms will also be
given to the Warrant Holders in writing as set forth in this Section 9, and
copies of all directions, demands and notices required to be given to the
Trustee hereunder or under the Standard Terms will also be given to the
Warrant Agent in writing as set forth in this Section 9(p).

     (q) Each of the representations, covenants and agreements made herein by
each of the Depositor and the Trustee are for the benefit of the
Certiticateholders and the Warrant Holders.

     (r) The provisions of Section 2.01(d)(iii) of the Standard Terms shall
not apply to the AT&T Wireless Services Note-Backed Series 2002-7 Certificates
and the following shall be deemed to be inserted in its place:

     "at the time of delivery of the Underlying Securities, the Depositor owns
such Underlying Securities, has the right to transfer its interest in such
Underlying Securities and such Underlying Securities are free and clear of any
lien, pledge, encumbrance, right, charge, claim or other security interest;
and"

     Section 10. Governing Law. THIS SERIES SUPPLEMENT AND THE TRANSACTIONS
DESCRIBED HEREIN SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED
WITHIN THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAWS
PROVISIONS THEREOF.

     Section 11. Counterparts. This Series Supplement may be executed in any
number of counterparts, each of which shall be deemed to be an original, and
all such counterparts shall constitute but one and the same instrument.

     Section 12. Termination of the Trust. The Trust shall terminate upon the
earliest to occur of (i) the payment in full at maturity or sale by the Trust
after a payment default or an

                                      20

<PAGE>

acceleration or other early payment of the Underlying Securities and the
distribution in full of all amounts due to the Class A-1 Certificateholders
and Class A-2 Certificateholders; (ii) the exercise of all outstanding Call
Warrants by the Warrant Holder; (iii) the Final Scheduled Distribution Date
and (iv) the expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late Ambassador of the United States to
the Court of St. James, living on the date hereof.

     Section 13. Sale of Underlying Securities; Optional Exchange. In the
event of a sale of the Underlying Securities pursuant to Section 5(e) hereof
or pursuant to the instructions of the Warrant Agent under Section 1.2 of the
Warrant Agent Agreement, the Trustee shall solicit bids for the sale of the
Underlying Securities with settlement thereof on or before the third (3rd)
Business Day after such sale from three leading dealers in the relevant
market. Any of the following dealers (or their successors) shall be deemed to
qualify as leading dealers: (1) Credit Suisse First Boston Corporation, (2)
Goldman, Sachs & Co., (3) Merrill Lynch, Pierce, Fenner & Smith Incorporated,
(4) UBS Warburg LLC, (5) Salomon Smith Barney Inc., and (6) except in the case
of a sale related to the exercise of Call Warrants by the Depositor or any
Affiliate thereof, Lehman Brothers Inc. The Trustee shall not be responsible
for the failure to obtain a bid so long as it has made reasonable efforts to
obtain bids. If a bid for the sale of the Underlying Securities has been
accepted by the Trustee but the sale has failed to settle on the proposed
settlement date, the Trustee shall request new bids from such leading dealers
to the Class A-1 and Class A-2 Certificateholders. In the event of an Optional
Exchange, the Trustee shall only deliver the Underlying Securities to the
purchaser of such Underlying Securities or sell the Underlying Securities
pursuant to this Section 13, as the case may be, against payment in same day
funds deposited into the Certificate Account.

     Section 14. Amendments. Notwithstanding anything in the Trust Agreement
to the contrary, in addition to the other restrictions on modification and
amendment contained therein, the Trustee shall not enter into any amendment or
modification of the Trust Agreement which would adversely affect in any
material respect the interests of the holders of any class of Certificates
without the consent of the holders of 100% of such class of Certificates;
provided, however, that no such amendment or modification will be permitted
which would cause the Trust to be taxed as an association or publicly traded
partnership taxable as a corporation for federal income tax purposes. Unless
otherwise agreed, the Trustee shall provide five Business Days written notice
to each Rating Agency before entering into any amendment or modification of
the Trust Agreement pursuant to this Section 14.

     Section 15. Voting of Underlying Securities, Modification of Indenture.

     (a) The Trustee, as holder of the Underlying Securities, has the right to
vote and give consents and waivers in respect of the Underlying Securities as
permitted by the Depository and except as otherwise limited by the Trust
Agreement. In the event that the Trustee receives a request from the
Depository, the Underlying Securities Trustee or the Underlying Securities
Issuer for its consent to any amendment, modification or waiver of the
Underlying Securities, the Indenture or any other document thereunder or
relating thereto, or receives any other solicitation for any action with
respect to the Underlying Securities, the Trustee shall mail a notice of such
proposed amendment, modification, waiver or solicitation to each
Certificateholder of record as of such date. The Trustee shall request
instructions from the Certificateholders as to whether or

                                      21

<PAGE>

not to consent to or vote to accept such amendment, modification, waiver or
solicitation. The Trustee shall consent or vote, or refrain from consenting or
voting, in the same proportion (based on the relative outstanding Certificate
Principal Balances of the Class A-1 Certificates) as the Certificates of the
Trust were actually voted or not voted by the Certificateholders thereof as of
a date determined by the Trustee prior to the date on which such consent or
vote is required; provided, however, that, notwithstanding anything in the
Trust Agreement to the contrary, the Trustee shall at no time vote on or
consent to any matter (i) unless such vote or consent would not (based on an
opinion of counsel) cause the Trust to be taxed as an association or publicly
traded partnership taxable as a corporation under the Code, (ii) which would
alter the timing or amount of any payment on the Underlying Securities,
including, without limitation, any demand to accelerate the Underlying
Securities, except in the event of a default under the Underlying Securities
or an event which with the passage of time would become an event of default
under the Underlying Securities and with the unanimous consent of holders of
all outstanding Class A-1 Certificates, Class A-2 Certificates and all Warrant
Holders, or (iii) which would result in the exchange or substitution of any of
the outstanding Underlying Securities pursuant to a plan for the refunding or
refinancing of such Underlying Securities except in the event of a default
under the Indenture and only with the consent of Certificateholders
representing 100% of the Class A-1 Certificates, 100% of the Class A-2
Certificates and 100% of the Warrant Holders. The Trustee shall have no
liability for any failure to act resulting from Certificateholders' late
return of, or failure to return, directions requested by the Trustee from the
Certificateholders.

     (b) In the event that an offer is made by the Underlying Securities
Issuer to issue new obligations in exchange and substitution for any of the
Underlying Securities, pursuant to a plan for the refunding or refinancing of
the outstanding Underlying Securities or any other offer is made for the
Underlying Securities, the Trustee shall notify the Class A-1
Certificateholders, Class A-2 Certificateholders and the Warrant Holders of
such offer promptly. Subject to the rights of the Warrant Holders to exercise
Call Warrants in connection with a tender offer for the Underlying Securities,
the Trustee must reject any such offer unless the Trustee is directed by the
affirmative vote of the holders of 100% of the Class A-1 Certificates, Class
A-2 Certificates and Call Warrants to accept such offer and the Trustee has
received the tax opinion described above. If pursuant to the preceding
sentence, the Trustee accepts any such offer the Trustee shall promptly notify
the Rating Agencies.

     (c) If an event of default under the Indenture occurs and is continuing,
and if directed by a majority of the outstanding Class A-1 Certificateholders
and Class A-2 Certificateholders, the Trustee shall vote the Underlying
Securities in favor of directing, or take such other action as may be
appropriate to direct, the Underlying Securities Trustee to declare the unpaid
principal amount of the Underlying Securities and any accrued and unpaid
interest thereon to be due and payable.

     Section 16. Additional Depositor Representation. It is the express intent
of the parties hereto that the conveyance of the Underlying Securities by the
Depositor to the Trustee be, and be construed as, a sale of the Underlying
Securities by the Depositor and not a pledge of any Underlying Securities by
the Depositor to secure a debt or other obligation of the Depositor. In the
event that, notwithstanding the aforementioned intent of the parties, any
Underlying Securities are held to be property of the Depositor, then, it is
the express intent of the parties that such conveyance be deemed a pledge of
such Underlying Securities by the Depositor to the

                                      22

<PAGE>

Trustee to secure a debt or other obligation of the Depositor, pursuant to
Section 10.07 of the Standard Terms. In connection with any such grant of a
security interest in the Underlying Securities (including any such grant in
connection with any sale of additional Underlying Securities pursuant to
Section 3(d)), the Depositor hereby represents and warrants to Trustee as
follows:

     (i)    In the event the Underlying Securities are held to be property of
            the Depositor, then the Trust Agreement creates a valid and
            continuing security interest (as defined in the applicable Uniform
            Commercial Code) in the Underlying Securities in favor of the
            Trustee which security interest is prior to all other liens, and
            is enforceable as such as against creditors of, and purchasers
            from, the Depositor.

     (ii)   The Underlying Securities have been credited to a trust
            account (the "Securities Account") of the Trustee, or its
            authorized agent, in accordance with Section 2.01 of the Standard
            Terms. The Trustee, as securities intermediary for the Securities
            Account, has agreed to treat the Underlying Securities as
            "financial assets" within the meaning of the Uniform Commercial
            Code.

     (iii)  Immediately prior to the transfer of the Underlying
            Securities to the Trust, Depositor owned and had good and
            marketable title to the Underlying Securities free and clear of
            any lien, claim or encumbrance of any Person.

     (iv)   Depositor has received all consents and approvals required by
            the terms of the Underlying Securities to the transfer to the
            Trustee of its interest and rights in the Underlying Securities as
            contemplated by the Trust Agreement.

     (v)    Depositor has taken all steps necessary to cause the Trustee,
            as securities intermediary for the Securities Account, to identify
            on its records that the Trustee, as the trustee of the Trust, is
            the Person having a security entitlement against the securities
            intermediary in the Securities Account.

     (vi)   Depositor has not assigned, pledged, sold, granted a security
            interest in or otherwise conveyed any interest in the Underlying
            Securities (or, if any such interest has been assigned, pledged or
            otherwise encumbered, it has been released). Depositor has not
            authorized the filing of and is not aware of any financing
            statements against Depositor that includes a description of the
            Underlying Securities. Depositor is not aware of any judgment or
            tax lien filings against Depositor.

     (vii)  The Securities Account is not in the name of any Person other than
            the Trust. Depositor has not consented to the compliance by the
            Trustee, as securities intermediary, with entitlement orders of
            any Person other than the Trustee, as trustee of the Trust.

                                      23

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Series
Supplement to be duly executed by their respective authorized officers as of
the date first written above.

                      LEHMAN ABS CORPORATION,
                          as Depositor

                      By:  /s/ Rene Canezin
                         -----------------------------------------
                           Name:   Rene Canezin
                           Title:  Senior Vice President

                      U.S. BANK TRUST NATIONAL ASSOCIATION,
                         not in its individual capacity
                         but solely as Trustee on behalf
                         of the Corporate Backed Trust Certificates,
                         AT&T Wireless Services Note-Backed Series 2002-7

                      By:  /s/ David J. Kolibachuk
                         -----------------------------------------
                           Name:  David J. Kolibachuk
                           Title: Vice President and Assistant Secretary

                                      24

<PAGE>

                                                                   SCHEDULE I

<TABLE>
<CAPTION>

               AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7

                        UNDERLYING SECURITIES SCHEDULE

<S>                                                          <C>
Underlying Securities:                                       8.75% Senior Notes due March 1, 2031.

Issuer:                                                      AT&T Wireless Services, Inc.

Principal Amount Deposited:                                  $30,000,000

Original Issue Date:                                         September 19, 2001 1

Principal Amount of Underlying Securities
Originally Issued:                                           $2,500,000,000

Maturity Date:                                               March 1, 2031

Interest Rate:                                               8.75% per annum

Interest Payment Dates:                                      March 1st and September 1st

Record Dates:                                                February 15th and August 15th

</TABLE>

------------------
1     Pursuant to a certain registration statement on Form S-3, the Underlying
      Securities Issuer offered to exchange up to $1,000,000,000 in aggregate
      principal amount of its 7.35% senior notes due 2006, up to
      $3,000,000,000 in aggregate principal amount of its 7.875% senior notes
      due 2011 and up to $2,500,000,000 in aggregate principal amount of its
      8.75% senior notes due 2031 for the same principal amount of its then
      outstanding 7.350% senior notes due 2006, 7.875% senior notes due 2011
      and 8.750% senior notes due 2031. This exchange offer expired on
      September 19, 2001.

                                     I-1

<PAGE>

                                  EXHIBIT A-1
                      FORM OF TRUST CERTIFICATE CLASS A-1

                             CLASS A-1 CERTIFICATE

NUMBER 1                                     1,200,000 $25 PAR CERTIFICATES
                                                        CUSIP NO. 21988G452

                      SEE REVERSE FOR CERTAIN DEFINITIONS

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

         THIS CERTIFICATE REPRESENTS A PROPORTIONATE UNDIVIDED BENEFICIAL
OWNERSHIP INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR AN
INTEREST IN, AND IS NOT GUARANTEED BY THE DEPOSITOR OR THE TRUSTEE OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE OR THE TRUST ASSETS ARE
INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR ANY OTHER PERSON.

                                    A-1-1

<PAGE>

                            LEHMAN ABS CORPORATION

                               1,200,000 $25 PAR

                     CORPORATE BACKED TRUST CERTIFICATES,

               AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7

8.00% INTEREST RATE

     evidencing a proportionate undivided beneficial ownership interest in the
Trust, as defined below, the property of which consists principally of
$30,000,000 aggregate principal amount of 8.75% Senior Notes due March 1,
2031, issued by AT&T Wireless Services, Inc. (the "Underlying Securities
Issuer") and all payments received thereon (the "Trust Property"), deposited
in trust by Lehman ABS Corporation (the "Depositor").

               THIS CERTIFIES THAT CEDE & CO. is the registered owner of an
aggregate of $30,000,000 principal amount nonassessable, fully-paid,
proportionate undivided beneficial ownership interest in the Corporate Backed
Trust Certificates, AT&T Wireless Services Note-Backed Series 2002-7 Trust,
formed by the Depositor.

                                    A-1-2

<PAGE>

               The Trust was created pursuant to a Standard Terms for Trust
Agreements, dated as of January 16, 2001 (the "Standard Terms"), between the
Depositor and U.S. Bank Trust National Association, a national banking
association, not in its individual capacity but solely as Trustee (the
"Trustee"), as supplemented by the Series Supplement in respect of the AT&T
Wireless Services Note-Backed Series 2002-7, dated as of May 1, 2002 (the
"Series Supplement" and, together with the Standard Terms, the "Trust
Agreement"), between the Depositor and the Trustee. This Certificate does not
purport to summarize the Trust Agreement and reference is hereby made to the
Trust Agreement for information with respect to the interests, rights,
benefits, obligations, proceeds and duties evidenced hereby and the rights,
duties and obligations of the Trustee with respect hereto. A copy of the Trust
Agreement may be obtained from the Trustee by written request sent to the
Corporate Trust Office. Capitalized terms used but not defined herein have the
meanings assigned to them in the Trust Agreement.

               This Certificate is one of the duly authorized Certificates
designated as the "Corporate Backed Trust Certificates, AT&T Wireless Services
Note-Backed Series 2002-7, Class A-1" (herein called the "Certificates"). This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Trust Agreement, to which Trust Agreement the Holder of this
Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound. The Trust Property consists of: (i) Underlying Securities
described in the Trust Agreement, and (ii) all payments on or collections in
respect of the Underlying Securities accrued on or after May 1, 2002, together
with any and all income, proceeds and payments with respect thereto; provided,
however, that any income from the investment of Trust funds in certain
permitted investments ("Eligible Investments") does not constitute Trust
Property.

               Subject to the terms and conditions of the Trust Agreement
(including the availability of funds for distributions) and until the
obligation created by the Trust Agreement shall have terminated in accordance
therewith, distributions will be made on each Distribution Date, to the Person
in whose name this Certificate is registered on the applicable Record Date, in
an amount equal to such Certificateholder's proportionate undivided beneficial
ownership interest in the amount required to be distributed to the Holders of
the Certificates on such Distribution Date. The Record Date applicable to any
Distribution Date is the close of business on the day immediately preceding
such Distribution Date (whether or not a Business Day). If a payment with
respect to the Underlying Securities is made to the Trustee after the date on
which such payment was due, then the Trustee will distribute any such amounts
received on the next occurring Business Day.

               Each Certificateholder, by its acceptance of a Certificate,
covenants and agrees that such Certificateholder will not at any time
institute against the Trust, or join in any institution against the Trust of,
any bankruptcy proceedings under any United States Federal or state bankruptcy
or similar law in connection with any obligations relating to the Certificates
or the Trust Agreement.

               Distributions made on this Certificate will be made as provided
in the Trust Agreement by the Trustee by wire transfer in immediately
available funds, or check mailed to the Certificateholder of record in the
Certificate Register without the presentation or surrender of this Certificate
or the making of any notation hereon, except that with respect to Certificates
registered on the Record Date in the name of the nominee of the Clearing
Agency (initially, such

                                    A-1-3

<PAGE>

nominee shall be Cede & Co.), payments will be made by wire transfer in
immediately available funds to the account designated by such nominee. Except
as otherwise provided in the Trust Agreement and notwithstanding the above,
the final distribution on this Certificate will be made after due notice by
the Trustee of the pendency of such distribution and only upon presentation
and surrender of this Certificate at the Corporate Trust Office or such other
location as may be specified in such notice.

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

               Unless the certificate of authentication hereon has been
executed by or on behalf of the Trustee, by manual signature, this Certificate
shall not entitle the Holder hereof to any benefit under the Trust Agreement
or be valid for any purpose.

               THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS,
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE HOLDER HEREOF SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                    A-1-4
<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to
be duly executed as of the date set forth below.

                                  CORPORATE BACKED TRUST
                                  CERTIFICATES, AT&T WIRELESS SERVICES
                                  NOTE-BACKED SERIES 2002-7 TRUST

                                  By: U.S. BANK TRUST NATIONAL ASSOCIATION
                                  not in its individual capacity but solely as
                                   Trustee,

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

Dated: May 1, 2002

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Corporate Backed Trust Certificates, AT&T Wireless
Services Note-Backed Series 2002-7, described in the Trust Agreement referred
to herein.

U.S. BANK TRUST NATIONAL ASSOCIATION
not in its individual capacity but solely as
Trustee,

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

                                    A-1-5

<PAGE>

                           (REVERSE OF CERTIFICATE)

               The Certificates are limited in right of distribution to
certain payments and collections respecting the Underlying Securities, all as
more specifically set forth herein and in the Trust Agreement. The registered
Holder hereof, by its acceptance hereof, agrees that it will look solely to
the Trust Property (to the extent of its rights therein) for distributions
hereunder.

               The Trust Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the rights and
obligations of the Depositor and the Trustee and the rights of the
Certificateholders under the Trust Agreement at any time by the Depositor and
the Trustee with the consent of the Holders of Class A-1 Certificates in the
manner set forth in the Series Supplement and the Standard Terms. Any such
consent by the Holder of this Certificate (or any predecessor Certificate)
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent in
made upon this Certificate. The Trust Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of the Holders
of any of the Certificates.

               The Certificates are issuable in fully registered form only in
denominations of $25

               As provided in the Trust Agreement and subject to certain
limitations therein set forth, the transfer of this Certificate is
registerable in the Certificate Register upon surrender of this Certificate
for registration of transfer at the offices or agencies of the Certificate
Registrar maintained by the Trustee in the Borough of Manhattan, the City of
New York, duly endorsed by or accompanied by an assignment in the form below
and by such other documents as required by the Trust Agreement, and thereupon
one or more new Certificates of the same class in authorized denominations
evidencing the same principal amount will be issued to the designated
transferee or transferees. The initial Certificate Registrar appointed under
the Trust Agreement is U.S. Bank Trust National Association.

               No service charge will be made for any registration of transfer
or exchange, but the Trustee may require exchange of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection with
any transfer or exchange of Certificates.

               The Depositor and the Trustee and any agent of the Depositor or
the Trustee may treat the Person in whose name this Certificate is registered
as the owner hereof for all purposes, and neither the Depositor, the Trustee,
nor any such agent shall be affected by any notice to the contrary.

               It is the intention of the parties to the Trust Agreement that
the Trust created thereunder shall constitute a fixed investment trust for
federal income tax purposes under Treasury Regulation Section 301.7701-4, and
the Certificateholder agrees to treat the Trust, any distributions therefrom
and its beneficial interest in the Certificates consistently with such
characterization.

                                    A-1-6
<PAGE>

               The Trust and the obligations of the Depositor and the Trustee
created by the Trust Agreement with respect to the Certificates shall
terminate upon the earliest to occur of (i) the payment in full at maturity or
sale by the Trust after a payment default or an acceleration or other early
payment of the Underlying Securities and the distribution in full of all
amounts due to the Class A-1 Certificateholders and Class A-2
Certificateholders; (ii) the Final Scheduled Distribution Date and (iii) the
expiration of 21 years from the death of the last survivor of the descendants
of Joseph P. Kennedy, the late Ambassador of the United States to the Court of
St. James, living on the date hereof.

               An employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), a plan described in Section
4975(e) of the Code, an entity whose underlying assets include plan assets by
reason of any such plan's investment in the entity, including an individual
retirement account or Keogh plan (any such, a "Plan") may purchase and hold
Certificates if the Plan can represent and warrant that its purchase and
holding of the Certificates would not be prohibited under ERISA or the Code.

                                    A-1-7
<PAGE>

                                  ASSIGNMENT

               FOR VALUE RECEIVED the undersigned hereby sells, assigns and
transfers unto

PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE

(Please print or type name and address, including postal zip code, of
assignee) the within Certificate, and all rights thereunder, hereby
irrevocably constituting and appointing ______________________ Attorney to
transfer said Certificate on the books of the Certificate Register, with full
power of substitution in the premises.

Dated:

                                                           *

                                                 Signature Guaranteed:

                                                           *

*NOTICE: The signature to this assignment must correspond with the name as it
appears upon the face of the within Certificate in every particular, without
alteration, enlargement or any change whatever. Signatures must be guaranteed
by an "eligible guarantor institution" meeting the requirements of the
Certificate Registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Certificate
Registrar in addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.

                                    A-1-8
<PAGE>

                                  EXHIBIT A-2
                      FORM OF TRUST CERTIFICATE CLASS A-2

                             CLASS A-2 CERTIFICATE

NUMBER 1                                                 CUSIP NO. 21988GBR6

                      SEE REVERSE FOR CERTAIN DEFINITIONS

         THIS CLASS A-2 CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE
TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION UNDER
SUCH ACT IS IN EFFECT OR PURSUANT TO AN EXEMPTION THEREFROM UNDER SUCH ACT.
THE CLASS A-2 CERTIFICATE REPRESENTED HEREBY MAY BE TRANSFERRED ONLY IN
ACCORDANCE WITH THE TERMS OF THE SERIES SUPPLEMENT.

         EACH PURCHASER OF THIS CLASS A-2 CERTIFICATE IS HEREBY NOTIFIED THAT
THE SELLER OF THIS CLASS A-2 CERTIFICATE MAY BE RELYING ON THE EXEMPTION FROM
THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A
THEREUNDER.

         THE NOTIONAL PRINCIPAL AMOUNT OF THIS CLASS A-2 CERTIFICATE IS AS SET
FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING NOTIONAL PRINCIPAL AMOUNT OF THIS
CLASS A-2 CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE
FACE HEREOF.

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

         THIS CERTIFICATE REPRESENTS A PROPORTIONATE UNDIVIDED BENEFICIAL
OWNERSHIP INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR AN
INTEREST IN, AND IS NOT GUARANTEED BY THE DEPOSITOR OR THE TRUSTEE OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE OR THE TRUST ASSETS ARE
INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR ANY OTHER PERSON.

                                    A-2-1
<PAGE>

                            LEHMAN ABS CORPORATION

                     CORPORATE BACKED TRUST CERTIFICATES,

               AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7

                     $30,000,000 NOTIONAL PRINCIPAL AMOUNT

0.75% INTEREST RATE

     evidencing a proportionate undivided beneficial ownership interest in the
Trust, as defined below, the property of which consists principally of
$30,000,000 aggregate principal amount of 8.75% Senior Notes due March 1,
2031, issued by AT&T Wireless Services, Inc. and all payments received thereon
(the "Trust Property"), deposited in trust by Lehman ABS Corporation (the
"Depositor").

         THIS CERTIFIES THAT CEDE & CO. is the registered owner of an
aggregate amount of $30,000,000 notional principal amount nonassessable,
fully-paid, proportionate undivided beneficial ownership interest in the
Corporate Backed Trust Certificates, AT&T Wireless Services Note-Backed Series
2002-7 Trust, formed by the Depositor.

         The Trust was created pursuant to a Standard Terms for Trust
Agreements, dated as of January 16, 2001 (the "Standard Terms"), between the
Depositor and U.S. Bank Trust National Association, a national banking
association, not in its individual capacity but solely as Trustee (the
"Trustee"), as supplemented by the Series Supplement, AT&T Wireless Services
Note-Backed Series 2002-7, dated as of May 1, 2002 (the "Series Supplement"
and, together with the Standard Terms, the "Trust Agreement"), between the
Depositor and the Trustee. This Certificate does not purport to summarize the
Trust Agreement and reference is hereby made to the Trust Agreement for
information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and obligations of
the Trustee with respect hereto. A copy of the Trust Agreement may be obtained
from the Trustee by written request sent to the Corporate Trust Office.
Capitalized terms used but not defined herein have the meanings assigned to
them in the Trust Agreement.

         This Certificate is one of the duly authorized Certificates
designated as the "Corporate Backed Trust Certificates, AT&T Wireless Services
Note-Backed Series 2002-7, Class A-2" (herein called the "Certificates"). This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Trust Agreement, to which Trust Agreement the Holder of this
Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound. The Trust Property consists of: (i) Underlying Securities
described in the Trust Agreement, and (ii) all payments on or collections in
respect of the Underlying Securities accrued on or after May 1, 2002, together
with any and all income, proceeds and payments with respect thereto; provided,
however, that any income from the investment of Trust funds in certain
permitted investments ("Eligible Investments") does not constitute Trust
Property.

         Subject to the terms and conditions of the Trust Agreement (including
the availability of funds for distributions) and until the obligation created
by the Trust Agreement

                                    A-2-2
<PAGE>

shall have terminated in accordance therewith, distributions of interest will
be made on this Certificate on each Distribution Date.

         Subject to the terms and conditions of the Trust Agreement (including
the availability of funds for distributions) and until the obligation created
by the Trust Agreement shall have terminated in accordance therewith,
distributions will be made on each Distribution Date, to the Person in whose
name this Certificate is registered on the applicable Record Date, in an
amount equal to such Certificateholder's proportionate undivided beneficial
ownership interest in the amount required to be distributed to the Holders of
the Certificates on such Distribution Date. The Record Date applicable to any
Distribution Date is the close of business on the day immediately preceding
such Distribution Date (whether or not a Business Day). If a payment with
respect to the Underlying Securities is made to the Trustee after the date on
which such payment was due, then the Trustee will distribute any such amounts
received on the next occurring Business Day.

         Each Certificateholder, by its acceptance of a Certificate, covenants
and agrees that such Certificateholder will not at any time institute against
the Trust, or join in any institution against the Trust of, any bankruptcy
proceedings under any United States Federal or state bankruptcy or similar law
in connection with any obligations relating to the Certificates or the Trust
Agreement.

         Distributions made on this Certificate will be made as provided in
the Trust Agreement by the Trustee by wire transfer in immediately available
funds, or check mailed to the Certificateholder of record in the Certificate
Register without the presentation or surrender of this Certificate or the
making of any notation hereon, except that with respect to Certificates
registered on the Record Date in the name of the nominee of the Clearing
Agency (initially, such nominee shall be Cede & Co.), payments will be made by
wire transfer in immediately available funds to the account designated by such
nominee. Except as otherwise provided in the Trust Agreement and
notwithstanding the above, the final distribution on this Certificate will be
made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the Corporate
Trust Office or such other location as may be specified in such notice.

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

         Unless the certificate of authentication hereon has been executed by
or on behalf of the Trustee, by manual signature, this Certificate shall not
entitle the Holder hereof to any benefit under the Trust Agreement or be valid
for any purpose.

         THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS,
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE HOLDER HEREOF SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                    A-2-3
<PAGE>

         IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed as of the date set forth below.

                   CORPORATE BACKED TRUST CERTIFICATES,
                   AT&T WIRELESS SERVICES NOTE-BACKED SERIES 2002-7 TRUST

                   By: U.S. BANK TRUST NATIONAL ASSOCIATION
                   not in its individual capacity but solely as
                   Trustee,

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

Dated: May 1, 2002

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Corporate Backed Trust Certificates, AT&T Wireless
Services Note-Backed Series 2002-7, described in the Trust Agreement referred
to herein.

U.S. BANK TRUST NATIONAL ASSOCIATION
not in its individual capacity but solely as
Trustee,

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

                                    A-2-4

<PAGE>

                           (REVERSE OF CERTIFICATE)

         The Certificates are limited in right of distribution to certain
payments and collections respecting the Underlying Securities, all as more
specifically set forth herein and in the Trust Agreement. The registered
Holder hereof, by its acceptance hereof, agrees that it will look solely to
the Trust Property (to the extent of its rights therein) for distributions
hereunder.

         The Trust Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the rights and
obligations of the Depositor and the Trustee and the rights of the
Certificateholders under the Trust Agreement at any time by the Depositor and
the Trustee with the consent of the holders of Class A-2 Certificates in the
manner set forth in the Series Supplement and the Standard Terms. Any such
consent by the Holder of this Certificate (or any predecessor Certificate)
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Trust Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of the Holders
of any of the Certificates.

         The Certificates are issuable in fully registered form only in
denominations of $100,000 and in integral multiples of $1 in excess thereof.

         As provided in the Trust Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registerable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices or agencies of the Certificate Registrar maintained by
the Trustee in the Borough of Manhattan, the City of New York, duly endorsed
by or accompanied by an assignment in the form below and by such other
documents as required by the Trust Agreement, and thereupon one or more new
Certificates of the same class in authorized denominations evidencing the same
notional principal amount will be issued to the designated transferee or
transferees. The initial Certificate Registrar appointed under the Trust
Agreement is U.S. Bank Trust National Association.

         No service charge will be made for any registration of transfer or
exchange, but the Trustee may require exchange of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection with
any transfer or exchange of Certificates.

         The Depositor and the Trustee and any agent of the Depositor or the
Trustee may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and neither the Depositor, the Trustee, nor
any such agent shall be affected by any notice to the contrary.

         It is the intention of the parties to the Trust Agreement that the
Trust created thereunder shall constitute a fixed investment trust for federal
income tax purposes under Treasury Regulation Section 301.7701-4, and the
Certificateholder agrees to treat the Trust, any distributions therefrom and
its beneficial interest in the Certificates consistently with such
characterization.

         The Trust and the obligations of the Depositor and the Trustee
created by the Trust Agreement with respect to the Certificates shall
terminate upon the earliest to occur of (i) the

                                    A-2-5
<PAGE>

payment in full at maturity or sale by the Trust after a payment default on or
an acceleration or other early payment of the Underlying Securities and the
distribution in full of all amounts due to the Class A-1 and Class A-2
Certificateholders; (ii) the Final Scheduled Distribution Date and (iii) the
expiration of 21 years from the death of the last survivor of the descendants
of Joseph P. Kennedy, the late Ambassador of the United States to the Court of
St. James, living on the date hereof.

         An employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), a plan described in Section
4975(e) of the Code, an entity whose underlying assets include plan assets by
reason of any such plan's investment in the entity, including an individual
retirement account or Keogh plan (any such, a "Plan") may purchase and hold
Certificates if the Plan can represent and warrant that its purchase and
holding of the Certificates would not be prohibited under ERISA or the Code.

                                    A-2-6
<PAGE>

                                  ASSIGNMENT

         FOR VALUE RECEIVED the undersigned hereby sells, assigns and
transfers unto

PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE

         (Please print or type name and address, including postal zip code, of
assignee) the within Certificate, and all rights thereunder, hereby
irrevocably constituting and appointing                 Attorney to transfer
                                        ----------- ---
said Certificate on the books of the Certificate Register, with full power of
substitution in the premises.

Dated:

                                                   *
                                               Signature Guaranteed:

                                                   *

*NOTICE: The signature to this assignment must correspond with the name as it
appears upon the face of the within Certificate in every particular, without
alteration, enlargement or any change whatever. Signatures must be guaranteed
by an "eligible guarantor institution" meeting the requirements of the
Certificate Registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Certificate
Registrar in addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.

                                      A-2-7
<PAGE>

                                   EXHIBIT B
                        FORM OF WARRANT AGENT AGREEMENT
                            WARRANT AGENT AGREEMENT

                      CORPORATE BACKED TRUST CERTIFICATES

                      AT&T WIRELESS SERVICES NOTE-BACKED
                              SERIES 2002-7 TRUST

         WARRANT AGENT AGREEMENT, dated as of May 1, 2002 (the "Warrant Agent
Agreement"), by and between LEHMAN ABS CORPORATION, as Depositor (the
"Depositor"), U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee (the "Trustee")
and U.S. BANK TRUST NATIONAL ASSOCIATION, as Warrant Agent (the "Warrant
Agent").

                             W I T N E S S E T H:

         WHEREAS, the Depositor created Corporate Backed Trust Certificates,
AT&T Wireless Services Note-Backed Series 2002-7 Trust (the "Trust"), a trust
created under the laws of the State of New York pursuant to a Standard Terms
for Trust Agreements, dated as of January 16, 2001 (the "Agreement"), between
the Depositor and U.S. Bank Trust National Association, a national banking
association, not in its individual capacity but solely as Trustee (the
"Trustee"), as supplemented by the Series Supplement, AT&T Wireless Services
Note-Backed Series 2002-7, dated as of May 1, 2002 (the "Series Supplement"
and, together with the Agreement, the "Trust Agreement"), between the
Depositor and the Trustee; and

         WHEREAS, in connection with the creation of the Trust and the deposit
therein of the Underlying Securities, it is desired to provide for the
issuance of trust certificates (the "Certificates") evidencing undivided
interests in the Trust and call warrants with respect to the Certificates
("Call Warrants").

         NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants expressed herein, it is hereby agreed by and between the
Depositor, the Warrant Agent and the Trustee that except as otherwise
specified herein or as the context may otherwise require, capitalized terms
used herein but not defined herein shall have the respective meanings set
forth below in the Series Supplement, and as follows:

     Section 17.

EXERCISE OF CALL WARRANTS

     (a) Manner of Exercise. (a) Call Warrants may be exercised by any holder
thereof (each, a "Warrant Holder") in whole or in part on any Call Date. The
following conditions shall apply to any exercise of Call Warrants:

               (1) A notice (each, a "Call Notice") specifying the number of
          Call Warrants being exercised and the Call Date shall be delivered
          to the Warrant Agent and the Trustee at least 5 Business Days before
          such Call Date.

                                     B-1

<PAGE>

               (2) The Warrant Holder shall surrender the Call Warrants to the
          Warrant Agent at its office specified in Section 6.3 hereof no later
          than 10:00 a.m. (New York City time) on such Call Date.

               (3) The Warrant Holder shall have made payment to the Warrant
          Agent, by wire transfer or other immediately available funds
          acceptable to the Warrant Agent, in the amount of the Call Price, no
          later than 10:00 a.m. (New York City time) on the Call Date.

                    (i) The Warrant Holder shall exercise Call Warrants
               relating to Class A-1 Certificates and Call Warrants relating
               to Class A-2 Certificates which represent a like percentage of
               all Class A-1 Certificates and Class A-2 Certificates.

                    (ii) The Warrant Holder may not exercise the Call Warrants
               at any time when such Warrant Holder is insolvent, and such
               Warrant Holder shall be required to certify that it is solvent
               at the time of exercise, by completing the Form of Subscription
               attached to the Call Warrants and delivering such completed
               Form of Subscription to the Trustee on or prior to the Call
               Date and by delivering to the Trustee a form reasonably
               satisfactory to the Trustee of the opinion and the solvency
               certificate required pursuant to Section 7(d)(ii) of the Series
               Supplement.

                    (iii) The Warrant Holder shall have satisfied any other
               conditions to the exercise of Call Warrants set forth in
               Section 7(b) of the Series Supplement.

         (b) Upon exercise of Call Warrants, any Warrant Holder other than the
Depositor or any Affiliate of the Depositor shall be entitled to delivery by
the Trustee of the Called Certificates. The "Called Certificates" shall be, in
the case of the Class A-1 Certificates, Class A-1 Certificates having a
Certificate Principal Amount equal to $25 per Call Warrant, and in the case of
the Class A-2 Certificates, Class A-2 Certificates having a notional balance
equal to $100,000 per Call Warrant. Unless otherwise specified therein, such
Call Notice shall be deemed to be notice of an Optional Exchange pursuant to
Section 7(a) of the Series Supplement. Any Warrant Holder which is the
Depositor or any Affiliate of the Depositor shall receive the proceeds of the
sale of the Called Underlying Securities and shall not be entitled to receive
the related Called Certificates or Called Underlying Securities. "Called
Underlying Securities" are Underlying Securities which represent the same
percentage of the Underlying Securities as the Called Certificates represent
of the Class A-1 Certificates and the Class A-2 Certificates.

                    (ii) The Warrant Agent shall notify the Trustee
               immediately upon its receipt of a Call Notice and upon receipt
               of payment of the Call Price. The Warrant Agent shall transfer
               the amount of any paid Call Price to the Trustee in immediately
               available funds, for deposit in the Certificate Account and
               application pursuant to the Trust Agreement on the applicable
               Call Date (and, pending such transfer, shall hold such amount
               for the benefit of the Warrant Holder in a segregated trust
               account).

                                     B-2

<PAGE>

                    (iii) Delivery of a Call Notice does not give rise to an
               obligation on part of the Warrant Holder to pay the Call Price.
               If, by 10:00 a.m. (New York City time) on the Call Date, the
               Warrant Holder has not paid the Call Price, except in
               connection with a Call Notice relating to a tender offer for
               Underlying Securities, then the Call Notice shall automatically
               expire and none of the Warrant Holder, the Warrant Agent or the
               Trustee shall have any obligation with respect to the Call
               Notice. The expiration of a Call Notice shall in no way affect
               the Warrant Holder's right to deliver a Call Notice at a later
               date. The Call Price for a call in connection with a tender
               offer shall be deducted from the proceeds of a tender offer by
               the Trust pursuant to Section 7(g)(iii) of the Series
               Supplement.

         (b) Transfer of Certificates. As soon as practicable after each
surrender of Call Warrants in whole or in part on the Call Date and upon
satisfaction of all other requirements described in the Call Warrants and in
Section 1.1 hereof, the Warrant Agent shall instruct the Trustee as follows:

                    (i) if Call Warrants are being exercised by any Warrant
               Holder other than the Depositor or any Affiliate of the
               Depositor, to cause the Called Certificates to reflect the
               Warrant Holder's beneficial ownership of such Certificates and
               if such Call Notice is also deemed to be a notice of Optional
               Exchange, to cause a distribution of Underlying Securities to
               the Warrant Holder in accordance with Section 7(a) of the
               Series Supplement, provided, however, that if such a Call
               Notice and Optional Exchange is in connection with a tender
               offer, the Warrant Agent shall instruct the Trustee to
               distribute to the exercising Warrant Holder the excess of the
               tender offer proceeds over the Call Price pursuant to Section
               7(g)(iii) of the Series Supplement, or

                    (ii) if the Call Warrants are being exercised by the
               Depositor or any Affiliate of the Depositor, to cause the
               Called Underlying Securities to be sold pursuant to Section 13
               of the Series Supplement and to distribute the proceeds of such
               sale to the Warrant Holder.

         If such exercise is in part only, the Warrant Agent shall instruct
the Trustee to authenticate new Call Warrants of like tenor, representing the
outstanding Call Warrants of the Warrant Holder and the Warrant Agent shall
deliver such Call Warrants to the Warrant Holder.

         In each case, the Trustee shall act in accordance with such
instructions.

         (c) Cancellation and Destruction of Call Warrants. All Call Warrants
surrendered to the Warrant Agent for the purpose of exercise (in whole or in
part) pursuant to Section 1.1 and actually exercised, or for the purpose of
transfer or exchange pursuant to Article III, shall be cancelled by the
Warrant Agent, and no Call Warrant (other than that reflecting any such
transfer or exchange) shall be issued in lieu thereof. The Warrant Agent shall
destroy all cancelled Call Warrants.

         (d) No Rights as Holder of Certificates Conferred by Call Warrants.
Prior to the exercise thereof, Call Warrants shall not entitle the Warrant
Holder to any of the rights of a holder of the Certificates, including,
without limitation, the right to receive the payment of any

                                     B-3

<PAGE>

amount on or in respect of the Certificates or to enforce any of the covenants
of the Trust Agreement.

         (e) Pro Rata Reduction of Call Warrants if Partial Redemption of
Underlying Securities. If Underlying Securities are redeemed in part by the
Underlying Securities Issuer and the Warrant Holders do not exercise their
Call Rights in connection with such partial redemption, the number of Call
Warrants held by each Warrant Holder shall be reduced proportionately so that
the aggregate amount of Class A-1 Certificates callable by Call Warrants shall
equal the amount of outstanding Class A-1 Certificates after giving effect to
such partial redemption and the aggregate notional amount of Class A-2
Certificates callable by Call Warrants shall equal the outstanding notional
amount of Class A-2 Certificates after giving effect to such partial
redemption. The Warrant Agent shall make such adjustments to its records as
shall be necessary to reflect such reductions and shall notify each Warrant
Holder of such adjustments.

         Section 18.

RESTRICTIONS ON TRANSFER

         (a) Restrictive Legends. Except as otherwise permitted by this
Article II, each Call Warrant (including each Call Warrant issued upon the
transfer of any Call Warrant) shall be issued with a legend in substantially
the following form:

     "This Call Warrant has not been registered under the Securities Act of
     1933, as amended, and may not be transferred, sold or otherwise disposed
     of except while a registration under such Act is in effect or pursuant to
     an exemption therefrom under such Act. The Call Warrant represented
     hereby may be transferred only in compliance with the conditions
     specified in the Call Warrants."

         (b) Notice of Proposed Transfer; Opinions of Counsel. Prior to any
transfer of any Call Warrant or portion thereof, the Warrant Holder will give
5 Business Days (or such lesser period acceptable to the Warrant Agent) prior
written notice to the Warrant Agent of such Warrant Holder's intention to
effect such transfer.

         Section 19.

REGISTRATION AND TRANSFER OF CALL WARRANTS, ETC.

         (a) Warrant Register; Ownership of Call Warrants. The Warrant Agent
will keep a register in which the Warrant Agent will provide for the
registration of Call Warrants and the registration of transfers of Call
Warrants representing numbers of Call Warrants. The Trustee and the Warrant
Agent may treat the Person in whose name any Call Warrant is registered on
such register as the owner thereof for all purposes, and the Trustee and the
Warrant Agent shall not be affected by any notice to the contrary.

         (b) Transfer and Exchange of Call Warrants. (a) No Call Warrant may
be offered, resold, assigned or otherwise transferred (including by pledge or
hypothecation) at any time prior to (x) the date which is two years or such
shorter period of time as permitted by Rule 144(k) under the Securities Act
after the later of the original issue date of such Call Warrants and the

                                     B-4

<PAGE>

last date on which the Depositor or any "affiliate" (as defined in Rule 144
under the Securities Act) of the Depositor was the owner of such Call Warrant
(or any predecessor thereto) or (y) or such later date, if any, as may be
required by a change in applicable securities laws (the "Resale Restriction
Termination Date") unless such offer, resale, assignment or transfer is (i) to
the Trust, (ii) pursuant to an effective registration statement under the
Securities Act, (iii) to a qualified institutional buyer (a "QIB"), as such
term is defined in Rule 144A promulgated under the Securities Act ("Rule
144A"), in accordance with Rule 144A or (iv) pursuant to another available
exemption from registration provided under the Securities Act, and, in each of
cases (i) through (iv), in accordance with any applicable securities laws of
any state of the United States and other jurisdictions. Prior to any offer,
resale, assignment or transfer of any Call Warrant in the manner described in
clause (iii) above, the prospective transferee and the prospective transferor
shall be required to deliver to the Trustee an executed copy of an Investment
Letter with respect to the Call Warrants to be transferred substantially in
the form of Exhibit C to the Series Supplement. Prior to any offer, resale,
assignment or transfer of any Call Warrants in the manner described in clause
(iv) above, the prospective transferee and the prospective transferor shall be
required to deliver to the Trustee documentation certifying that the offer,
resale, assignment or transfer complies with the provisions of said clause
(iv). In addition to the foregoing, each prospective transferee of any Call
Warrants in the manner contemplated by clause (iii) above shall acknowledge,
represent and agree as follows:

         (1)      The transferee (x) is a QIB, (y) is aware that the sale to
                  it is being made in reliance on Rule 144A and (z) is
                  acquiring such Call Warrant for its own account or for the
                  account of a QIB.

         (2)      The transferee understands that the Call Warrant are being
                  offered in a transaction not involving any public offering
                  in the United States within the meaning of the Securities
                  Act, and that the Call Warrants have not been and will not
                  be registered under the Securities Act.

         (3)      The transferee agrees that (A) if in the future it decides
                  to offer, resell, pledge or otherwise transfer the Call
                  Warrants prior to the Resale Restriction Termination Date,
                  such Call Warrants shall only be offered, resold, assigned
                  or otherwise transferred (i) to the Trust, (ii) pursuant to
                  an effective registration statement under the Securities
                  Act, (iii) to a QIB, in accordance with Rule 144A or (iv)
                  pursuant to another available exemption from registration
                  provided under the Securities Act, and, in each of cases (i)
                  through (iv), in accordance with any applicable securities
                  laws of any state of the United States and other
                  jurisdictions and (B) the transferee will, and each
                  subsequent holder is required to, notify any subsequent
                  purchaser of such Call Warrants from it of the resale
                  restrictions referred to in clause (A) above.

         (b)   Upon surrender of any Call Warrant for registration of
transfer or for exchange to the Warrant Agent, the Warrant Agent shall
(subject to compliance with Article II) execute and deliver, and cause the
Trustee, on behalf of the Trust, to execute and deliver, in exchange therefor,
a new Call

                                     B-5

<PAGE>

Warrant of like tenor and evidencing a like number of Call Warrants, in the
name of such Warrant Holder or as such Warrant Holder (upon payment by such
Warrant Holder of any applicable transfer taxes or government charges) may
direct; provided that as a condition precedent for transferring the Call
Warrants, the prospective transferee shall deliver to the Trustee and the
Depositor an executed copy of the Investment Letter (set forth as Exhibit C to
the Series Supplement), if the same is required pursuant to the provisions of
clause (a) above.

         (c) Replacement of Call Warrants. Upon receipt of evidence reasonably
satisfactory to the Warrant Agent of the loss, theft, destruction or
mutilation of any Call Warrant and, in the case of any such loss, theft or
destruction of any Call Warrant, upon delivery of an indemnity bond in such
reasonable amount as the Warrant Agent may determine, or, in the case of any
such mutilation, upon the surrender of such Call Warrant for cancellation to
the Warrant Agent, the Warrant Agent shall execute and deliver, and cause the
Trustee, on behalf of the Trust, to execute and deliver, in lieu thereof, a
new Call Warrant of like tenor bearing a number not contemporaneously
outstanding.

         (d) Execution and Delivery of Call Warrants by Trustee. The Trustee,
on behalf of the Trust, hereby agrees (subject to compliance with Article II)
to execute and deliver such new Call Warrants issued in accordance with
Section 1.2 or this Article III as the Warrant Agent shall request in
accordance herewith.

         Section 20.

DEFINITIONS

     As used herein, unless the context otherwise requires, the following
     terms have the following respective meanings:

     "Business Day": As defined in the Trust Agreement.

     "Call Date": Any Business Day (i) on or after May 1, 2007, (ii) after the
     Underlying Securities Issuer announces that it will redeem (in whole or
     in part) or otherwise make an unscheduled payment on the Underlying
     Securities, (iii) after the Trustee notifies the Certificateholders of
     any proposed sale of the Underlying Securities pursuant to the provisions
     of this Series Supplement or (iv) on which a tender offer for some or all
     of the Underlying Securities is consummated.

         "Call Notice": As defined in Section 1.1(a)(i) hereof.

         "Call Price": For each related Call Date, (i) in the case of the
Class A-1 Certificates, 100% of the outstanding Certificate Principal Balance
of the Class A-1 Certificates being purchased pursuant to the exercise of the
Call Warrants, plus any accrued and unpaid interest on such amount to but
excluding the Call Date and (ii) in the case of the Class A-2 Certificates,
present value of all amounts that would otherwise have been payable on the
Class A-2 Certificates being purchased pursuant to the exercise of the Call
Warrants for the period from the related Call Date to the Final Scheduled
Distribution Date using a discount rate of 8.62% per annum, assuming no
delinquencies, deferrals, redemptions or prepayments on the Underlying
Securities shall occur after the related Call Date.

                                     B-6

<PAGE>

     "Call Warrant": As defined in the recitals.

     "Called Certificates": As defined in Section 1.1(b) hereof.

     "Called Underlying Securities": As defined in Section 1.1(b) hereof.

     "Closing Date": May 1, 2002.

     "Depositor": As defined in the recitals.

     "Depositor Order": As defined in the Trust Agreement.

     "Person": Any individual, corporation, partnership, joint venture,
     association, joint stock company, trust (including any beneficiary
     thereof), unincorporated organization or government or any agency or
     political subdivision thereof.

     "Rating Agencies": Standard & Poor's Ratings Services and Moody's
     Investors Service, Inc. and any successor thereto.

     "Responsible Officer": As defined in the Trust Agreement.

     "Securities Act": The Securities Act of 1933, or any similar federal
     statute, and the rules and regulations of the Commission thereunder, all
     as the same shall be in effect at the time.

     "Trust": As defined in the recitals.

     "Trust Agreement": As defined in the recitals.

     "Trustee": As defined in the recitals, or any successor thereto
     under the Trust Agreement.

     "Warrant Agent": As defined in the recitals, or any successor
     thereto under this Warrant Agent Agreement.

     "Warrant Agent Agreement": As defined in the recitals.

     "Warrant Holder": As defined in Section 1.1(a) hereof.

         Section 21.

WARRANT AGENT

         (a) Limitation on Liability. The Warrant Agent shall be protected and
shall incur no liability for or in respect of any action taken, suffered or
omitted by it in connection with its administration of the Call Warrants in
reliance upon any instrument of assignment or transfer, power of attorney,
endorsement, affidavit, letter, notice, direction, consent, certificate,
statement or other paper or document in good faith believed by it to be
genuine and to be signed, executed and, where necessary, verified and
acknowledged, by the proper Person or Persons.

         (b) Duties of Warrant Agent. The Warrant Agent undertakes only the
specific duties and obligations imposed hereunder upon the following terms and
conditions, by all of which the Depositor, the Trust, the Trustee and each
Warrant Holder shall be bound:

               (i) The Warrant Agent may consult with legal counsel (who may
          be legal counsel for the Depositor), and the opinion of such counsel
          shall be full and complete authorization and protection to the
          Warrant Agent as to any action taken or omitted by it

                                     B-7

<PAGE>

          in good faith and in accordance with such opinion, provided the
          Warrant Agent shall have exercised reasonable care in the selection
          by it of such counsel.

               (ii) Whenever in the performance of its duties hereunder, the
          Warrant Agent shall deem it necessary or desirable that any fact or
          matter be proved or established by the Depositor or the Trustee
          prior to taking or suffering any action hereunder, such fact or
          matter may be deemed to be conclusively proved and established by a
          Depositor Order or a certificate signed by a Responsible Officer of
          the Trustee and delivered to the Warrant Agent; and such certificate
          shall be full authorization to the Warrant Agent for any action
          taken or suffered in good faith by it hereunder in reliance upon
          such certificate.

               (iii) The Warrant Agent shall be liable hereunder only for its
          own negligence, willful misconduct or bad faith.

               (iv) The Warrant Agent shall not be liable for or by reason of
          any of the statements of fact or recitals contained herein or be
          required to verify the same, but all such statements and recitals
          are and shall be deemed to have been made by the Trust and the
          Depositor only.

               (v) The Warrant Agent shall not have any responsibility in
          respect of and makes no representation as to the validity of the
          Call Warrants or the execution and delivery thereof (except the due
          execution hereof by the Warrant Agent); nor shall it be responsible
          for any breach by the Trust of any covenant or condition contained
          in the Call Warrants; nor shall it by any act thereunder be deemed
          to make any representation or warranty as to the Certificates to be
          purchased thereunder.

               (vi) The Warrant Agent is hereby authorized and directed to
          accept instructions with respect to the performance of its duties
          hereunder from the Chairman of the Board, the Chief Executive
          Officer, Chief Financial Officer, Chief Operating Officer,
          President, a Vice President, a Senior Vice President, a Managing
          Director, its Treasurer, an Assistant Treasurer, its Secretary or an
          Assistant Secretary of the Depositor, and any Responsible Officer of
          the Trustee, and to apply to such officers for advice or
          instructions in connection with its duties, and it shall not be
          liable for any action taken or suffered to be taken by it in good
          faith in accordance with instructions of any such officer.

               (vii) The Warrant Agent and any shareholder, director, officer
          or employee of the Warrant Agent may buy, sell or deal in any of the
          Call Warrants or other securities of the Trust or otherwise act as
          fully and freely as though it were not Warrant Agent hereunder, so
          long as such persons do so in full compliance with all applicable
          laws. Nothing herein shall preclude the Warrant Agent from acting in
          any other capacity for the Trust, the Depositor or for any other
          legal entity.

               (viii) The Warrant Agent may execute and exercise any of the
          rights or powers hereby vested in it or perform any duty hereunder
          either itself or by or through its attorneys or agents.

               (ix) The Warrant Agent shall act solely as the agent of the
          Trust hereunder. The Warrant Agent shall not be liable except for
          the failure to perform such duties as are

                                     B-8

<PAGE>

          specifically set forth herein, and no implied covenants or
          obligations shall be read into the Call Warrants against the Warrant
          Agent, whose duties shall be determined solely by the express
          provisions thereof. The Warrant Agent shall not be deemed to be a
          fiduciary.

               (x) The Warrant Agent shall not be responsible for any failure
          on the part of the Trustee to comply with any of its covenants and
          obligations contained herein.

               (xi) The Warrant Agent shall not be under any obligation or
          duty to institute, appear in or defend any action, suit or legal
          proceeding in respect hereof, unless first indemnified to its
          satisfaction, but this provision shall not affect the power of the
          Warrant Agent to take such action as the Warrant Agent may consider
          proper, whether with or without such indemnity. The Warrant Agent
          shall promptly notify the Depositor and the Trustee in writing of
          any claim made or action, suit or proceeding instituted against it
          arising out of or in connection with the Call Warrants.

               (xii) The Trustee will perform, execute, acknowledge and
          deliver or cause to be performed, executed, acknowledged and
          delivered all such further acts, instruments and assurances as may
          be required by the Warrant Agent in order to enable it to carry out
          or perform its duties hereunder.

         (c) Change of Warrant Agent. The Warrant Agent may resign and be
discharged from its duties hereunder upon thirty (30) days notice in writing
mailed to the Depositor and the Trustee by registered or certified mail, and
to the Warrant Holders by first-class mail at the expense of the Depositor;
provided that no such resignation or discharge shall become effective until a
successor Warrant Agent shall have been appointed hereunder. The Depositor may
remove the Warrant Agent or any successor Warrant Agent upon thirty (30) days
notice in writing, mailed to the Warrant Agent or successor Warrant Agent, as
the case may be, and to the Warrant Holders by first-class mail; provided,
further, that no such removal shall become effective until a successor Warrant
Agent shall have been appointed hereunder. If the Warrant Agent shall resign
or be removed or shall otherwise become incapable of acting, the Depositor
shall promptly appoint a successor to the Warrant Agent, which may be
designated as an interim Warrant Agent. If an interim Warrant Agent is
designated, the Depositor shall then appoint a permanent successor to the
Warrant Agent, which may be the interim Warrant Agent. If the Depositor shall
fail to make such appointment of a permanent successor within a period of
thirty (30) days after such removal or within sixty (60) days after
notification in writing of such resignation or incapacity by the resigning or
incapacitated Warrant Agent or by the Warrant Holder, then the Warrant Agent
or registered Warrant Holder may apply to any court of competent jurisdiction
for the appointment of such a successor. Any successor to the Warrant Agent
appointed hereunder must be rated in one of the four highest rating categories
by the Rating Agencies. Any entity which may be merged or consolidated with or
which shall otherwise succeed to substantially all of the trust or agency
business of the Warrant Agent shall be deemed to be the successor Warrant
Agent without any further action.

         (d) Warrant Agent Transfer Fee. The Warrant Agent will assess a fee
of $50.00 upon the issue of any new Call Warrant, such fee to be assessed upon
the new Call Warrant Holder.

                                     B-9

<PAGE>

         Section 22.

MISCELLANEOUS

         (a) Remedies. The remedies at law of the Warrant Holder in the event
of any default or threatened default by the Warrant Agent in the performance
of or compliance with any of the terms of the Call Warrants are not and will
not be adequate and, to the full extent permitted by law, such terms may be
specifically enforced by a decree for the specific performance of any
agreement contained herein or by an injunction against a violation of any of
the terms thereof or otherwise.

         (b) Limitation on Liabilities of Warrant Holder. Nothing contained in
this Warrant Agent Agreement shall be construed as imposing any obligation on
the Warrant Holder to purchase any of the Certificates except in accordance
with the terms thereof.

         (c) Notices. All notices and other communications under this Warrant
Agent Agreement shall be in writing and shall be delivered, or mailed by
registered or certified mail, return receipt requested, by a nationally
recognized overnight courier, postage prepaid, addressed (a) if to any Warrant
Holder, at the registered address of such Warrant Holder as set forth in the
register kept by the Warrant Agent or (b) if to the Warrant Agent, to 100 Wall
Street, Suite 1600, New York, New York 10005, Attention: Corporate Trust or to
such other address notice of which the Warrant Agent shall have given to the
Warrant Holder and the Trustee or (c) if to the Trust or the Trustee, to the
Corporate Trust Office (as set forth in the Trust Agreement); provided that
the exercise of any Call Warrants shall be effective in the manner provided in
Article I. The Warrant Agent shall forward to the Warrant Holder any notices
received by it hereunder or pursuant to the Trust Agreement or this Agreement
by facsimile within one Business Day of receipt thereof.

         (d) Amendment. (a) This Warrant Agent Agreement may be amended from
time to time by the Depositor, the Trustee and the Warrant Agent without the
consent of any Warrant Holder, upon receipt of an opinion of counsel
satisfactory to the Warrant Agent that the provisions hereof have been
satisfied and that such amendment would not cause the Trust to be taxed as an
association or publicly traded partnership taxable as a Corporation under the
Code, for any of the following purposes: (i) to cure any ambiguity or to
correct or supplement any provision herein which may be defective or
inconsistent with any other provision herein or to provide for any other terms
or modify any other provisions with respect to matters or questions arising
under the Call Warrant which shall not adversely affect in any material
respect the interests of the Warrant Holder or any holder of a Certificate or
(ii) to evidence and provide for the acceptance of appointment hereunder of a
Warrant Agent other than U.S. Bank Trust National Association.

               (i) Without limiting the generality of the foregoing, the Call
          Warrants may also be modified or amended from time to time by the
          Depositor, the Trustee and the Warrant Agent with the consent of
          Warrant Holders of 66-2/3% of each of the Call Warrants related to
          the Class A-1 Certificates and the Call Warrants related to the
          Class A-2 Certificates, upon receipt of an opinion of counsel
          satisfactory to the Warrant Agent that the provisions hereof
          (including, without limitation, the following proviso) have seen

                                     B-10

<PAGE>

          satisfied, for the purpose of adding any provisions to or changing
          in any manner or eliminating any of the provisions of the Call
          Warrants or of modifying in any manner the rights of the Warrant
          Holders; provided, however, that no such amendment shall (i)
          adversely affect in any material respect the interests of holders of
          Certificates without the consent of the holders of Certificates
          evidencing not less than the Required Percentage-Amendment of the
          aggregate Voting Rights of such affected Certificates (as such terms
          are defined in the Trust Agreement) and without written confirmation
          from the Rating Agencies that such amendment will not result in a
          downgrading or withdrawal of its rating of the Certificates; (ii)
          alter the terms on which Call Warrants are exercisable or the
          amounts payable upon exercise of a Warrant without the consent of
          the holders of Certificates evidencing not less than 100% of the
          aggregate Voting Rights of such affected Certificates and 100% of
          the affected Warrant Holders or (iii) reduce the percentage of
          aggregate Voting Rights required by (i) or (ii) without the consent
          of the holders of all such affected Certificates. Notwithstanding
          any other provision of this Warrant, this Section 6.4(b) shall not
          be amended without the consent of 100% of the affected Warrant
          Holders.

               (ii) Promptly after the execution of any such amendment or
          modification, the Warrant Agent shall furnish a copy of such
          amendment or modification to each Warrant Holder, to the Trustee and
          to the Rating Agencies. It shall not be necessary for the consent of
          Warrant Holders or holders of Certificates under this Section to
          approve the particular form of any proposed amendment, but it shall
          be sufficient if such consent shall approve the substance thereof.
          The manner of obtaining such consents and of evidencing the
          authorization of the execution thereof shall be subject to such
          reasonable regulations as the Warrant Agent may prescribe.

         (e) Expiration. The right to exercise the Call Warrants shall expire
on the earliest to occur of (a) the cancellation thereof, (b) the termination
of the Trust Agreement, or (c) the liquidation, disposition, or maturity of
all of the Underlying Securities.

         (f) Descriptive Headings. The headings in this Warrant Agent
Agreement are for purposes of reference only and shall not limit or otherwise
affect the meaning hereof.

         (g) GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW
OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

         (h) Judicial Proceedings; Waiver of Jury. Any judicial proceeding
brought against the Trust, the Trustee or the Warrant Agent with respect to
this Warrant Agent Agreement may be brought in any court of competent
jurisdiction in the County of New York, State of New York or of the United
States of America for the Southern District of New York and, by execution and
delivery of the Call Warrants, the Trustee on behalf of the Trust and the
Warrant Agent (a) accept, generally and unconditionally, the nonexclusive
jurisdiction of such courts and any related appellate court, and irrevocably
agree that the Trust, the Trustee and the Warrant Agent shall be bound by any
judgment rendered thereby in connection with this Warrant Agent Agreement or
the Call Warrants, subject to any rights of appeal, and (b) irrevocably waive
any

                                     B-11

<PAGE>

          objection that the Trust, the Trustee or the Warrant Agent may
          now or hereafter have as to the venue of any such suit, action or
          proceeding brought in such a court or that such court is an
          inconvenient forum.

               (i) Nonpetition Covenant; No Recourse. Each of (i) the Warrant
          Holder by its acceptance thereof, and (ii) the Warrant Agent agrees,
          that it shall not (and, in the case of the Warrant Holder, that it
          shall not direct the Warrant Agent to), until the date which is one
          year and one day after the payment in full of the Certificates and
          all other securities issued by the Trust, the Depositor or entities
          formed, established or settled by the Depositor, acquiesce, petition
          or otherwise invoke or cause the Trust, the Depositor, or any such
          other entity to invoke the process of the United States of America,
          any State or other political subdivision thereof or any entity
          exercising executive, legislative, judicial, regulatory or
          administrative functions of or pertaining to government for the
          purpose of commencing or sustaining a case by or against the Trust,
          the Depositor or any such other entity under a federal or state
          bankruptcy, insolvency or similar law or appointing a receiver,
          liquidator, assignee, trustee, custodian, sequestrator or other
          similar official of the Trust, the Depositor or any such other
          entity or all or any part of the property or assets of Trust, the
          Depositor or any such other entity or ordering the winding up or
          liquidation of the affairs of the Trust, the Depositor or any such
          other entity.

                                     B-12

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused their names to be
signed hereto by their respective duly authorized officers of the date first
above written.

                            LEHMAN ABS CORPORATION,
                               as Depositor

                            By:
                                 -------------------------------------------
                                 Name:  Rene Canezin
                                 Title:    Senior Vice President

                            U.S. BANK TRUST NATIONAL ASSOCIATION,
                                  not in its individual
                                  capacity but solely as
                                  Trustee and Authenticating Agent

                            By:
                                 -------------------------------------------
                                 Name:  David Kolibachuk
                                 Title: Assistant Secretary and Vice President

                             U.S. BANK TRUST NATIONAL ASSOCIATION,
                                 as Warrant Agent

                             By:
                                 -------------------------------------------
                                 Name:  David Kolibachuk
                                 Title: Assistant Secretary and Vice President

                                     B-13

<PAGE>

                                   EXHIBIT C

                           FORM OF INVESTMENT LETTER

                         QUALIFIED INSTITUTIONAL BUYER

                                                  Dated:[_______________]

U.S. Bank Trust National Association,
100WallStreet
NewYork,NewYork10005

Lehman Brothers Inc.
745SeventhAvenue
NewYork,NewYork10019

Lehman ABS Corporation
745SeventhAvenue
NewYork,NewYork10019

               Ladies and Gentlemen:

         In connection with our proposed purchase of ___________ [Call
Warrants] [Class A-2 Certificates] (the "Securities") representing an interest
in the Corporate Backed Trust Certificates, AT&T Wireless Services Note-Backed
Series 2002-7 Trust (the "Trust"), the investor on whose behalf the
undersigned is executing this letter (the "Purchaser") confirms that:

         (1) Reference is made to the Prospectus Supplement, dated April 19,
2002 (the "Prospectus Supplement"), with respect to the Certificates to which
the Securities relate. Capitalized terms used herein that are not otherwise
defined shall have the meanings ascribed thereto in the Prospectus Supplement.
The Purchaser has received a copy of the Prospectus Supplement and such other
information as the Purchaser deems necessary in order to make its investment
decision and the Purchaser has been provided the opportunity to ask questions
of, and receive answers from, the Depositor and the Underwriters, concerning
the terms and conditions of the Securities. The Purchaser has received and
understands the above, and understands that substantial risks are involved in
an investment in the Securities. The Purchaser represents that in making its
investment decision to acquire the Securities, the Purchaser has not relied on
representations, warranties, opinions, projections, financial or other
information or analysis, if any, supplied to it by any person, including you,
the Depositor or the Trustee or any of your or their affiliates, except as
expressly contained in the Prospectus Supplement and in the other written
information, if any, discussed above. The Purchaser has such knowledge and
experience in financial and business matters as to be capable of evaluating
the merits and risks of an investment in the Securities, and the Purchaser is
able to bear the substantial economic risks of such an investment. The
Purchaser has relied upon its own tax, legal and financial advisors in
connection with its decision to purchase the Securities.

         (2) The Purchaser is (A) a "Qualified Institutional Buyer" (as
defined in Rule 144A under the Securities Act of 1933, as amended (the "1933
Act")) and (B) acquiring the Securities for its

                                     C-1

<PAGE>

own account or for the account of an investor of the type described in clause
(A) above as to each of which the Purchaser exercises sole investment
discretion. The Purchaser is purchasing the Securities for investment purposes
and not with a view to, or for, the offer or sale in connection with, a public
distribution or in any other manner that would violate the 1933 Act or the
securities or blue sky laws of any state.

         (3) The Purchaser understands that the Securities have not been and
will not be registered under the 1933 Act or under the securities or blue sky
laws of any state, and that if it decides to resell, pledge or otherwise
transfer any Security, such Security may be resold, pledged or transferred
without registration only (i) to the Trust, (ii) to an entity that has
delivered to the Depositor and the Trustee a certification that it is a
Qualified Institutional Buyer that purchases (x) for its own account or (y)
for the account of such a Qualified Institutional Buyer, that is, in either
case, aware that the resale, pledge or transfer is being made in reliance on
said Rule 144A or (iii) pursuant to another available exemption from
registration provided under the Securities Act, and, in each of cases (i)
through (iii), in accordance with the provisions of the Series Supplement
(including, without limitation, the provisions of Section 3(e) thereof) and
any applicable securities laws of any state of the United States and other
jurisdictions. Prior to any offer, resale, assignment or transfer of any
Securities in the manner described in clause (ii) above, the prospective
transferee and the prospective transferor shall be required to deliver to the
Trustee an executed copy of an Investment Letter with respect to the
Securities to be transferred substantially in the form hereof. Prior to any
offer, resale, assignment or transfer of any Securities in the manner
described in clause (iii) above, the prospective transferee and the
prospective transferor shall be required to deliver to the Trustee
documentation certifying that the offer, resale, assignment or transfer
complies with the provisions of said clause (iii). The Purchaser will, and
each subsequent holder will be required to, notify any purchaser of any
Security from it of the resale restrictions referred to in this Paragraph 3.

         (4) The Purchaser understands that each of the Securities will bear a
legend to the following effect, unless otherwise agreed by the Depositor and
the Trustee:

         "THIS [CALL WARRANT] [CLASS A-2 CERTIFICATE] HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE TRANSFERRED, SOLD
OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION UNDER SUCH ACT IS IN
EFFECT OR PURSUANT TO AN EXEMPTION THEREFROM UNDER SUCH ACT. THIS [CALL
WARRANT] [CLASS A-2 CERTIFICATE] REPRESENTED HEREBY MAY BE TRANSFERRED ONLY IN
COMPLIANCE WITH THE CONDITIONS SPECIFIED HEREIN."

         (5) The Purchaser understands that no subsequent transfer of the
Securities is permitted unless it causes its proposed transferee to provide to
the Depositor and the initial Warrant Holder with the documentation required
pursuant to Paragraph 3 above.

         (6) The Purchaser agrees that if at some time in the future it wishes
to transfer or exchange any of the Securities, it will not transfer or
exchange any of the Securities unless such transfer or exchange is in
accordance with the provisions of the Trust Agreement, including, without
limitation, the provisions of Section 3(e) of the Series Supplement. The
Purchaser understands that any purported transfer of the Securities (or any
interest therein) in contravention

                                     C-2

<PAGE>

of any of the restrictions and conditions in the Trust Agreement, as
applicable, shall be void, and the purported transferee in such transfer shall
not be recognized by the Trust or any other Person as a holder of such
Securities.

         You and the Trustee are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

                                   Very truly yours,

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

                     [Medallion Stamp to be affixed here]

                                     C-3<PAGE>

                                  Exhibit 4.1

                                   Indenture

                                                                             4
<PAGE>

                                                                   Exhibit 4.1
                                                                   -----------

                                                                EXECUTION COPY

                                   INDENTURE

                                    between

                             SSB RV TRUST 2001-1,
                                   as Issuer

                                      and

                       U.S. BANK NATIONAL ASSOCIATION,
                             as Indenture Trustee

                                      and

                               CITIBANK, N.A.,
                          as Bond Trust Administrator

                         Dated as of December 1, 2001

<PAGE>

<TABLE>
<CAPTION>
                               Table of Contents
                                                                                                      Page
                                                                                                      ----

                                  ARTICLE I.
                  DEFINITIONS AND INCORPORATION BY REFERENCE
<S>                              <C>                                                                            <C>
         Section 1.01.     Definitions............................................................................2
         Section 1.02.     Rules of Construction..................................................................9
         Section 1.03.     Incorporation by Reference of Trust Indenture Act.....................................10

                                  ARTICLE II.
                                   THE NOTES

         Section 2.01.     Form..................................................................................11
         Section 2.02.     Execution, Authentication and Delivery................................................11
         Section 2.03.     Temporary Notes.......................................................................12
         Section 2.04.     Registration; Registration of Transfer and Exchange...................................12
         Section 2.05.     [Reserved]............................................................................13
         Section 2.06.     Mutilated, Destroyed, Lost or Stolen Notes............................................13
         Section 2.07.     Persons Deemed Owners.................................................................14
         Section 2.08.     Payment of Principal and Interest; Defaulted Interest.................................14
         Section 2.09.     Cancellation..........................................................................15
         Section 2.10.     Book-Entry Notes......................................................................16
         Section 2.11.     Notices to Clearing Agency............................................................16
         Section 2.12.     Definitive Notes......................................................................17
         Section 2.13.     Tax Treatment.........................................................................17

                                 ARTICLE III.
                                   COVENANTS

         Section 3.01.     Payment of Principal and Interest.....................................................18
         Section 3.02.     Maintenance of Office or Agency.......................................................18
         Section 3.03.     Money for Payments To Be Held in Trust................................................18
         Section 3.04.     Existence.............................................................................20
         Section 3.05.     Protection of Trust Estate............................................................20
         Section 3.06.     Opinions as to Trust Estate...........................................................20
         Section 3.07.     Performance of Obligations; Servicing of Receivables..................................21
         Section 3.08.     Negative Covenants....................................................................22
         Section 3.09.     Annual Statement as to Compliance.....................................................23
         Section 3.10.     Issuer May Consolidate, etc., Only on Certain Terms...................................23
         Section 3.11.     Successor or Transferee...............................................................25
         Section 3.12.     No Other Business.....................................................................25
         Section 3.13.     No Borrowing..........................................................................25
         Section 3.14.     Servicer's Obligations................................................................25
         Section 3.15.     Guarantees, Loans, Advances and Other Liabilities.....................................25
         Section 3.16.     Capital Expenditures..................................................................25
         Section 3.17.     Removal of Trust Administrator........................................................25

                                                             i
<PAGE>

         Section 3.18.     Restricted Payments...................................................................25
         Section 3.19.     Notice of Events of Default...........................................................26
         Section 3.20.     Further Instruments and Acts..........................................................26
         Section 3.21.     Perfection Representation.............................................................26

                                  ARTICLE IV.
                          SATISFACTION AND DISCHARGE

         Section 4.01.     Satisfaction and Discharge of Indenture...............................................27
         Section 4.02.     Application of Trust Money............................................................28
         Section 4.03.     Repayment of Moneys Held by Paying Agent..............................................28
         Section 4.04.     Release of Collateral.................................................................28

                                  ARTICLE V.
                                   REMEDIES

         Section 5.01.     Events of Default.....................................................................29
         Section 5.02.     Acceleration of Maturity; Rescission and Annulment....................................30
         Section 5.03.     Collection of Indebtedness and Suits for Enforcement by Indenture Trustee;
                           Authority of the Controlling Party....................................................31
         Section 5.04.     Remedies; Priorities..................................................................33
         Section 5.05.     Optional Preservation of the Receivables..............................................35
         Section 5.06.     Limitation of Suits...................................................................36
         Section 5.07.     Unconditional Rights of Noteholders To Receive Principal and Interest.................36
         Section 5.08.     Restoration of Rights and Remedies....................................................36
         Section 5.09.     Rights and Remedies Cumulative........................................................37
         Section 5.10.     Delay or Omission Not a Waiver........................................................37
         Section 5.11.     Control by Controlling Class..........................................................37
         Section 5.12.     Waiver of Past Defaults...............................................................38
         Section 5.13.     Undertaking for Costs.................................................................38
         Section 5.14.     Waiver of Stay or Extension Laws......................................................38
         Section 5.15.     Action on Notes.......................................................................38
         Section 5.16.     Performance and Enforcement of Certain Obligations....................................39

                                  ARTICLE VI.
                             THE INDENTURE TRUSTEE

         Section 6.01.     Duties of Indenture Trustee...........................................................40
         Section 6.02.     Rights of Indenture Trustee...........................................................41
         Section 6.03.     Individual Rights of Indenture Trustee................................................42
         Section 6.04.     Indenture Trustee's Disclaimer........................................................43
         Section 6.05.     Notice of Defaults....................................................................43
         Section 6.06.     Reports by Indenture Trustee to Holders...............................................43
         Section 6.07.     Compensation and Indemnity............................................................43
         Section 6.08.     Replacement of Indenture Trustee......................................................44
         Section 6.09.     Successor Indenture Trustee by Merger.................................................45

                                                    ii
<PAGE>

         Section 6.10.     Appointment of Co-Indenture Trustee or Separate Indenture Trustee.....................45
         Section 6.11.     Eligibility; Disqualification.........................................................46
         Section 6.12.     Preferential Collection of Claims Against Issuer......................................47
         Section 6.13.     Waiver of Setoffs.....................................................................47

                                 ARTICLE VII.
                        NOTEHOLDERS' LISTS AND REPORTS

         Section 7.01.     Issuer To Furnish Bond Administrator Names and Addresses of Noteholders...............48
         Section 7.02.     Preservation of Information; Communications to Noteholders............................48
         Section 7.03.     Reports by Issuer.....................................................................48
         Section 7.04.     Reports by Indenture Trustee..........................................................49

                                 ARTICLE VIII.
                     ACCOUNTS, DISBURSEMENTS AND RELEASES

         Section 8.01.     Collection of Money...................................................................50
         Section 8.02.     Distributions.........................................................................50
         Section 8.03.     General Provisions Regarding Accounts.................................................52
         Section 8.04.     Release of Trust Estate...............................................................53
         Section 8.05.     Opinion of Counsel....................................................................53

                                  ARTICLE IX.
                            SUPPLEMENTAL INDENTURES

         Section 9.01.     Supplemental Indentures Without Consent of Noteholders................................54
         Section 9.02.     Supplemental Indentures with Consent of Noteholders...................................55
         Section 9.03.     Execution of Supplemental Indentures..................................................56
         Section 9.04.     Effect of Supplemental Indenture......................................................56
         Section 9.05.     Reference in Notes to Supplemental Indentures.........................................57
         Section 9.06.     Conformity with Trust Indenture Act...................................................57

                                  ARTICLE X.
                              REDEMPTION OF NOTES

         Section 10.01.    Redemption............................................................................58
         Section 10.02.    Form of Redemption Notice.............................................................58
         Section 10.03.    Notes Payable on Redemption Date......................................................58

                                  ARTICLE XI.
                                 MISCELLANEOUS

         Section 11.01.    Compliance Certificates and Opinions, etc.............................................60
         Section 11.02.    Form of Documents Delivered to Indenture Trustee or the
                           Bond Administrator....................................................................61
                                                  iii
<PAGE>

         Section 11.03.    Acts of Noteholders...................................................................62
         Section 11.04.    Notices, etc., to Indenture Trustee, Bond Administrator, Issuer and Rating
                           Agencies..............................................................................62
         Section 11.05.    Notices to Noteholders; Waiver........................................................63
         Section 11.06.    Effect of Headings and Table of Contents..............................................64
         Section 11.07.    Successors and Assigns................................................................64
         Section 11.08.    Separability..........................................................................64
         Section 11.09.    Benefits of Indenture.................................................................64
         Section 11.10.    Legal Holidays........................................................................64
         Section 11.11.    GOVERNING LAW.........................................................................64
         Section 11.12.    Counterparts..........................................................................64
         Section 11.13.    Recording of Indenture................................................................64
         Section 11.14.    Trust Obligation......................................................................65
         Section 11.15.    No Petition...........................................................................65
         Section 11.16.    Inspection............................................................................65
         Section 11.17.    Conflict with Trust Indenture Act.....................................................65
         Section 11.18.    Limitation of Liability...............................................................66
</TABLE>

SCHEDULE A........Schedule of Receivables
EXHIBIT A-1.......         Form of Class A-1 Note
EXHIBIT A-2.......         Form of Class A-2 Note
EXHIBIT A-3.......         Form of Class A-3 Note
EXHIBIT A-4.......         Form of Class A-4 Note
EXHIBIT A-5.......         Form of Class A-5 Note
EXHIBIT B.........         Form of Class B Note
EXHIBIT C.........         Form of Class C Note
EXHIBIT D.........         Form of Class D Note

                                      iv
<PAGE>

      THIS INDENTURE, dated as of December 1, 2001, is between SSB RV TRUST
2001-1, a Delaware business trust (the "Issuer"), U.S. BANK NATIONAL
ASSOCIATION, a national banking association, as trustee and not in its
individual capacity (the "Indenture Trustee") and CITIBANK, N.A., as bond
trust administrator (the "Bond Trust Administrator").

      Each party agrees as follows for the benefit of the other party and for
the equal and ratable benefit of the Holders of the Issuer's 1.915% Asset
Backed Notes, Class A-1 (the "Class A-1 Notes"), 2.89% Asset Backed Notes,
Class A-2 (the "Class A-2 Notes"), 4.74% Asset Backed Notes, Class A-3 (the
"Class A-3 Notes"), 5.81% Asset Backed Notes, Class A-4 (the "Class A-4
Notes"), 6.30% Asset Backed Notes, Class A-5 (the "Class A-5 Notes" and,
together with the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class
A-4 Notes, the "Class A Notes"), 6.64% Asset Backed Notes, Class B (the "Class
B Notes"), 7.03% Asset Backed Notes, Class C (the "Class C Notes") and 7.42%
Asset Backed Notes, Class D (the "Class D Notes" and, together with the Class
A Notes, the Class B Notes and the Class C Notes, the "Notes"):

                                GRANTING CLAUSE

      The Issuer hereby Grants to the Indenture Trustee at the Closing Date,
as Indenture Trustee for the benefit of the Holders of the Notes, all of the
Issuer's right, title and interest in and to (a) the Receivables, and all
rights, benefits, obligations and proceeds arising therefrom or in connection
therewith, including the right to all moneys received thereon after the Cutoff
Date; (b) the security interests in the Financed Vehicles and any accessions
thereto granted by Obligors pursuant to the Receivables and any other interest
of the Issuer in such Financed Vehicles; (c) any Liquidation Proceeds and any
other proceeds with respect to the Receivables from insurance policies
covering the Financed Vehicles or the related Obligors; (d) any property that
shall have secured a Receivable and that shall have been acquired by or on
behalf of either of the Originators, the Depositor, the Seller, the Servicer,
or the Issuer; (e) all documents and other items contained in the Receivable
Files; (f) all funds on deposit from time to time in the Trust Accounts and in
all investments and proceeds thereof (including all income thereon); (g) the
Issuer's rights and benefits, but none of its obligations, under the Sale and
Servicing Agreement including the representations and warranties and the cure
and repurchase obligations of the Originators and the Servicer set forth
therein (including the Issuer's right to cause either of the Originators, or
the Servicer, as the case may be, to repurchase Receivables from the Issuer
under the circumstances described therein); (h) all right, title and interest
in all funds on deposit from time to time in the Trust Accounts and in all
investments therein and proceeds thereof (including all Investment Earnings
thereon, in the case of the Reserve Account and the Paid-Ahead Account); (i)
all of the Issuer's rights under the Receivables Purchase Agreement; and (j)
all present and future claims, demands, causes of action and chooses in action
in respect of any or all of the foregoing and all payments on or under and all
proceeds of every kind and nature whatsoever in respect of any or all of the
foregoing, including all proceeds of the conversion thereof, voluntary or
involuntary, into cash or other liquid property, all cash proceeds, accounts,
accounts receivable, notes, drafts, acceptances, chattel paper, checks,
deposit accounts, insurance proceeds, condemnation awards, rights to payment
of any and every kind and other forms of obligations and receivables,
instruments and other property that at any time constitute all or part of or
are included in the proceeds of any of the foregoing (collectively, the
"Collateral").

<PAGE>

      The foregoing Grant is made in trust to secure the payment of principal
of and interest on, and any other amounts owing in respect of, the Notes,
equally and ratably without prejudice, priority or distinction, and to secure
compliance with the provisions of this Indenture, all as provided in this
Indenture.

      The Indenture Trustee, on behalf of the Holders of the Notes,
acknowledges such Grant, accepts the trusts under this Indenture in accordance
with the provisions of this Indenture and agrees to perform its duties
required in this Indenture to the best of its ability to the end that the
interests of the Holders of the Notes may be adequately and effectively
protected.

                                  ARTICLE I.

                  DEFINITIONS AND INCORPORATION BY REFERENCE

      Section 1.01. Definitions.

            (a) Definitions. Except as otherwise specified herein or as the
context may otherwise require, the following terms have the respective meanings
set forth below for all purposes of this Indenture.

      "Act" has the meaning specified in Section 11.03(a).

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

      "Authorized Officer" means, with respect to the Issuer, any officer of
the Owner Trustee who is authorized to act for the Owner Trustee in matters
relating to the Issuer and who is identified on the list of Authorized
Officers delivered by the Owner Trustee to the Indenture Trustee and the Bond
Administrator on the Closing Date (as such list may be modified or
supplemented from time to time thereafter) and, so long as the Trust
Administration Agreement is in effect, any Vice President or more senior
officer of the Trust Administrator who is authorized to act for the Trust
Administrator in matters relating to the Issuer and to be acted upon by the
Trust Administrator pursuant to the Trust Administration Agreement and who is
identified on the list of Authorized Officers delivered by the Trust
Administrator to the Indenture Trustee and the Bond Administrator on the
Closing Date (as such list may be modified or supplemented from time to time
thereafter).

      "Back-up Servicer" means GMAC Mortgage Corporation, or any successor
under the Sale and Servicing Agreement.

      "Bond  Administrator"  means  Citibank,  N.A.,  or  any  successor  Bond
Administrator as herein appointed.

                                      2
<PAGE>

      "Book-Entry Notes" means a beneficial interest in the Notes, ownership
and transfers of which shall be made through book entries by a Clearing Agency
as described in Section 2.10.

      "Business Day" means any day other than a Saturday, a Sunday or a day on
which banking institutions in New York, New York, the city or cities in which
the Servicer is located or the cities in which the Corporate Trust Offices of
the Indenture Trustee and the Bond Administrator are located, are authorized
or obligated by law or executive order to remain closed.

      "Certificate of Trust" means the certificate of trust of the Issuer
substantially in the form of Exhibit A to the Trust Agreement.

      "Class A Note" means a Class A-1 Note, a Class A-2 Note, a Class A-3
Note, a Class A-4 Note or a Class A-5 Note, as the context may require.

      "Class A-1 Notes" means the 1.915% Asset Backed Notes, Class A-1,
substantially in the form of Exhibit A-1.

      "Class A-1 Rate" means 1.915% per annum, computed on the basis of the
actual number of days in the related Interest Accrual Period and a 360-day
year.

      "Class A-2 Notes" means the 2.89% Asset Backed Notes, Class A-2,
substantially in the form of Exhibit A-2.

      "Class A-2 Rate" means a 2.89% per annum computed on the basis of a
360-day year consisting of twelve 30-day months.

      "Class A-3 Notes" means the 4.74% Asset Backed Notes, Class A-3,
substantially in the form of Exhibit A-3.

      "Class A-3 Rate" means 4.74% per annum, computed on the basis of a
360-day year consisting of twelve 30-day months.

      "Class A-4 Notes" means the 5.81% Asset Backed Notes, Class A-4,
substantially in the form of Exhibit A-4.

      "Class A-4 Rate" means 5.81% per annum, computed on the basis of a
360-day year consisting of twelve 30-day months.

      "Class A-5 Notes" means the 6.30% Asset Backed Notes, Class A-5,
substantially in the form of Exhibit A-5.

      "Class A-5 Rate" means 6.30% per annum, computed on the basis of a
360-day year consisting of twelve 30-day months.

      "Class B Notes" means the 6.64% Asset Backed Notes, Class B,
substantially in the form of Exhibit B.

                                      3
<PAGE>

      "Class B Rate" means 6.64% per annum, computed on the basis of a 360-day
year consisting of twelve 30-day months.

      "Class C Notes" means the 7.03% Asset Backed Notes, Class C,
substantially in the form of Exhibit C.

      "Class C Rate" means 7.03% per annum, computed on the basis of a 360-day
year consisting of twelve 30-day months.

      "Class D Notes" means the 7.42% Asset Backed Notes, Class D,
substantially in the form of Exhibit D.

      "Class D Rate" means 7.42% per annum, computed on the basis of a 360-day
year consisting of twelve 30-day months.

      "Clearing Agency" means an organization registered as a "clearing
agency" pursuant to Section 17A of the Exchange Act.

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

      "Closing Date" means December 27, 2001.

      "Code" means the Internal Revenue Code of 1986, as amended from time to
time, and Treasury Regulations promulgated thereunder.

      "Collateral" has the meaning specified in the Granting Clause of this
Indenture.

      "Controlling Class" means (i) if the Class A Notes have not been paid in
full, the Class A Notes, (ii) if the Class A Notes have been paid in full and
Class B Notes remain Outstanding, the Class B Notes, (iii) if the Class A
Notes and the Class B Notes have been paid in full and Class C Notes remain
Outstanding, the Class C Notes, and (iv) if the Class A Notes, the Class B
Notes and the Class C Notes have been paid in full, the Class D Notes.

      "Controlling Party" means the Indenture Trustee acting at the direction
of at least a majority in Outstanding Amount of the Noteholders of the
Controlling Class or, if the Notes have been paid in full, the Owner Trustee
acting at the direction of at least a majority in aggregate principal amount
of the Certificateholders.

      "Corporate Trust Office" means (a) with respect to the Indenture
Trustee, the principal office of the Indenture Trustee at which at any
particular time its corporate trust business is administered, which office at
the date of execution of this Agreement is located at U.S. Bank National
Association, 180 East Fifth Street, St. Paul Minnesota 55101 (facsimile number
(651) 244-0089); Attention: Structured Finance/SSB RV Trust 2001-1, or at such
other address as the Indenture Trustee may designate from time to time by
notice to the Noteholders, Bond Administrator and the Issuer, or the principal
corporate trust office of any successor Indenture Trustee at the address
designated by such successor Indenture Trustee by notice to the

                                      4
<PAGE>

Noteholders, Bond Administrator and the Issuer and (b) with respect to the
Bond Administrator, the principal office of the Bond Administrator at which
any particular time its corporate trust business is administered, which office
at the date of execution of this Agreement is located at Citibank, N.A., 111
Wall Street, 14th Floor, Zone 3, New York, New York 10005 (facsimile number
212-657-4009); Attention: SSB RV Trust 2001-1, or at such other address as the
Bond Administrator may designate from time to time by notice to the Indenture
Trustee, the Noteholders and the Issuer, or the principal corporate trust
office of any successor Bond Administrator at the address designated by such
successor Bond Administrator by notice to the Indenture Trustee, the
Noteholders and the Issuer.

      "Custodian" means The CIT Group/Sales Financing, Inc.

      "Default" means any occurrence that is, or with notice or the lapse of
time or both would become, an Event of Default.

      "Definitive Notes" has the meaning specified in Section 2.10.

      "Depositor" means SSB Vehicle Securities Inc.

      "Event of Default" has the meaning specified in Section 5.01.

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

      "Executive Officer" means, with respect to any corporation, the Chief
Executive Officer, Chief Operating Officer, Chief Financial Officer,
President, any Executive Vice President, any Senior Vice President, any Vice
President, the Secretary, the Controller or the Treasurer of such corporation;
and with respect to any partnership, any general partner thereof.

      "Grant" means mortgage, pledge, bargain, sell, warrant, alienate,
remise, release, convey, assign, transfer, create, and grant a lien upon and a
security interest in and a right of set-off against, deposit, set over and
confirm pursuant to this Indenture. A Grant of the Collateral or of any other
agreement or instrument shall include all rights, powers and options (but none
of the obligations) of the granting party thereunder, including the immediate
and continuing right to claim for, collect, receive and give receipt for
principal and interest payments in respect of the Collateral and all other
moneys payable thereunder, to give and receive notices and other
communications, to make waivers or other agreements, to exercise all rights
and options, to bring Proceedings in the name of the granting party or
otherwise, and generally to do and receive anything that the granting party is
or may be entitled to do or receive thereunder or with respect thereto.

      "Holder" or "Noteholder" means a Person in whose name a Note is
registered on the Note Register.

      "Indenture Trustee" means U.S. Bank National Association, a national
banking association, not in its individual capacity, but as Indenture Trustee
under this Indenture, or any successor Indenture Trustee under this Indenture.

                                      5
<PAGE>

      "Independent" means, when used with respect to any specified Person,
that such Person (a) is in fact independent of the Issuer, any other obligor
on the Notes, the Seller and any Affiliate of any of the foregoing Persons,
(b) does not have any direct financial interest or any material indirect
financial interest in the Issuer, any such other obligor, the Seller or any
Affiliate of any of the foregoing Persons and (c) is not connected with the
Issuer, any such other obligor, the Seller or any Affiliate of any of the
foregoing Persons as an officer, employee, promoter, underwriter, trustee,
partner, director or person performing similar functions.

      "Independent Certificate" means a certificate or opinion to be delivered
to the Indenture Trustee under the circumstances described in, and otherwise
complying with, the applicable requirements of Section 11.01, made by an
Independent appraiser or other expert appointed by an Issuer Order and
approved by the Indenture Trustee in the exercise of reasonable care, and such
opinion or certificate shall state that the signer has read the definition of
"Independent" in this Indenture and that the signer is Independent within the
meaning thereof.

      "Interest Rate" means the Class A-1 Rate, the Class A-2 Rate, the Class
A-3 Rate, the Class A-4 Rate, the Class A-5 Rate, the Class B Rate, the Class
C Rate or the Class D Rate, as the context may require.

       "Issuer" means SSB RV Trust 2001-1 until a successor replaces it and,
thereafter, means the successor and, for purposes of any provision contained
herein and required by the TIA, each other obligor on the Notes.

      "Issuer Order" or "Issuer Request" means a written order or request
signed in the name of the Issuer by any one of its Authorized Officers and
delivered to the Indenture Trustee or the Bond Administrator, as specified in
this Indenture.

      "Note" means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note, a
Class A-4 Note, a Class A-5 Note, a Class B Note, a Class C Note or a Class D
Note, as the context may require.

      "Note Depository Agreement" means the agreement dated December 1, 2001,
among the Issuer, the Trust Administrator, the Bond Administrator and The
Depository Trust Company, as the initial Clearing Agency, relating to the
Notes and the Certificates.

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

      "Note Rate" means the Class A-1 Rate, the Class A-2 Rate, the Class A-3
Rate, the Class A-4 Rate, the Class A-5 Rate, the Class B Rate, the Class C
Rate or the Class D Rate, as applicable.

      "Note Register" and "Note Registrar" have the respective meanings
specified in Section 2.04.

                                      6
<PAGE>

      "Officer's Certificate" means a certificate signed by any Authorized
Officer of the Issuer, under the circumstances described in, and otherwise
complying with, the applicable requirements of Section 11.01, and delivered to
the Indenture Trustee or the Bond Administrator, as specified in this
Indenture. Unless otherwise specified, any reference in this Indenture to an
Officer's Certificate shall be to an Officer's Certificate of any Authorized
Officer of the Issuer.

      "Opinion of Counsel" means one or more written opinions of counsel who
may, except as otherwise expressly provided in this Indenture, be an employee
of or counsel to the Issuer and who shall be satisfactory to the Indenture
Trustee and the Bond Administrator, and which opinion or opinions shall be
addressed to the Indenture Trustee and the Bond Administrator, shall comply
with any applicable requirements of Section 11.01 and shall be in form and
substance satisfactory to the Indenture Trustee.

      "Originator"  means The CIT  Group/Sales  Financing Inc.  and/or The CIT
Group/Consumer  Finance,  Inc. (NY) either individually or collectively as the
context requires.

      "Outstanding" means, as of any date of determination, all Notes
theretofore authenticated and delivered under this Indenture except:

               (i) Notes theretofore cancelled by the Note Registrar or
delivered to the Note Registrar for cancellation;

               (ii) Notes or portions thereof the payment for which money in
the necessary amount has been theretofore deposited with the Indenture Trustee
or any Paying Agent in trust for the Holders of such Notes (provided, however,
that if such Notes are to be redeemed, notice of such redemption has been duly
given pursuant to this Indenture or provision for such notice has been made,
satisfactory to the Indenture Trustee); and

               (iii) Notes in exchange for or in lieu of which other Notes
have been authenticated and delivered pursuant to this Indenture unless proof
satisfactory to the Indenture Trustee or the Note Registrar is presented that
any such Notes are held by a bona fide purchaser;

provided, however, that in determining whether the Holders of the requisite
Outstanding Amount of the Notes have given any request, demand, authorization,
direction, notice, consent or waiver hereunder or under any Basic Document,
Notes owned by the Issuer, any other obligor on the Notes, the Seller or any
Affiliate of any of the foregoing Persons shall be disregarded and deemed not
to be Outstanding, except that, in determining whether the Indenture Trustee
or the Note Registrar shall be protected in relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Notes that a
Responsible Officer of the Indenture Trustee or the Note Registrar, as the
case may be, knows to be so owned shall be so disregarded. Notes so owned that
have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Indenture Trustee or the Note
Registrar, as the case may be, the pledgee's right so to act with respect to
such Notes and that the pledgee is not the Issuer, any other obligor on the
Notes, the Seller or any Affiliate of any of the foregoing Persons.

      "Outstanding Amount" means, as of any date of determination and as to
any Notes, the aggregate principal amount of such Notes Outstanding as of such
date of determination and, as of

                                      7
<PAGE>

any date of determination and as to any Certificates, the aggregate principal
amount of such Certificates Outstanding as of such date of determination.

      "Owner Trustee" means Wilmington Trust Company, not in its individual
capacity but solely as Owner Trustee under the Trust Agreement, or any
successor Owner Trustee under the Trust Agreement.

      "Paying Agent" means the Indenture Trustee, the Bond Administrator or
any other Person that meets the eligibility standards for the Indenture
Trustee specified in Section 6.11 and is authorized by the Issuer to make
payments to and distributions from the Collection Account, the Note Interest
Distribution Account, the Principal Distribution Account and the Reserve
Account, including payments of principal of or interest on the Notes on behalf
of the Issuer.

      "Payment Date" means a Distribution Date.

      "Person" means any individual, corporation, estate, partnership, limited
liability company, joint venture, association, joint stock company, trust or
business trust (including any beneficiary thereof), unincorporated
organization or government or any agency or political subdivision thereof.

      "Predecessor Note" means, with respect to any particular Note, every
previous Note evidencing all or a portion of the same debt as that evidenced
by such particular Note; and, for the purpose of this definition, any Note
authenticated and delivered under Section 2.06 in lieu of a mutilated, lost,
destroyed or stolen Note shall be deemed to evidence the same debt as the
mutilated, lost, destroyed or stolen Note.

      "Proceeding" means any suit in equity, action at law or other judicial
or administrative proceeding.

      "Record Date" means, with respect to a Distribution Date or Redemption
Date, the close of business on the day immediately preceding such Distribution
Date or Redemption Date.

      "Redemption Date" means, as the context requires, in the case of a
redemption of the Notes pursuant to Section 10.01, the Distribution Date
specified by the Servicer or the Issuer pursuant to Section 10.01.

      "Redemption Price" means in the case of a redemption of the Notes
pursuant to Section 10.01, an amount equal to the unpaid principal amount of
the Notes redeemed plus accrued and unpaid interest thereon at the applicable
Note Rate plus interest on any overdue interest at the applicable Note Rate
(to the extent lawful) for each Note being so redeemed to but excluding the
Redemption Date.

      "Registered Holder" means the Person in whose name a Note is registered
on the Note Register on the applicable Record Date.

      "Responsible Officer" means, with respect to the Indenture Trustee, the
Bond Administrator or the Owner Trustee, as applicable, any officer within the
Corporate Trust Office of the Indenture Trustee, the Bond Administrator or the
Owner Trustee, including any Vice

                                      8
<PAGE>

President, Assistant Vice President, Assistant Treasurer, Assistant Secretary
or any other officer of the Indenture Trustee, the Bond Administrator or the
Owner Trustee customarily performing functions similar to those performed by
any of the above designated officers and also, with respect to a particular
matter, any other officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular subject, in each
case having direct responsibility for the administration of the Basic
Documents.

      "Sale and Servicing Agreement" means the Sale and Servicing Agreement,
dated as of December 1, 2001, among the Issuer, the Depositor, the Seller, the
Servicer, the Custodian, the Originators, the Back-up Servicer, the Bond
Administrator and the Indenture Trustee.

      "Schedule of Receivables" means the lists of Receivables set forth in
Schedule A (which Schedule may be in the form of microfiche).

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

      "Seller" means Salomon  Brothers Realty Corp., in its capacity as seller
under  the  Receivables   Purchase   Agreement  and  the  Sale  and  Servicing
Agreement, and its successors in interest.

      "Servicer"  means The CIT Group/Sales  Financing,  Inc., in its capacity
as  servicer  under  the  Sale  and  Servicing  Agreement,  and any  Successor
Servicer thereunder.

      "State" means any one of the 50 states of the United States of America,
or the District of Columbia.

      "Successor Servicer" has the meaning specified in Section 3.07(f).

      "Trust Administration Agreement" means the Owner Trust Administration
Agreement, dated as of December 1, 2001, among the Trust Administrator, the
Issuer and the Indenture Trustee.

      "Trust  Administrator"  means  Citibank,  N.A., or any  successor  Trust
Administrator under the Trust Administration Agreement.

      "Trust Estate" means all money, instruments, rights and other property
that are subject or intended to be subject to the lien and security interest
of this Indenture for the benefit of the Noteholders (including, without
limitation, all property and interests Granted to the Indenture Trustee),
including all proceeds thereof.

      "Trust Indenture Act" or "TIA" means the Trust Indenture Act of 1939 as
in force on the date hereof, unless otherwise specifically provided.

      "UCC" means, unless the context otherwise requires, the Uniform
Commercial Code as in effect in the relevant jurisdiction, as amended from
time to time.

                                      9
<PAGE>

            (b) Except as otherwise specified herein or as the context may
otherwise require, capitalized terms used herein but not otherwise defined
shall have the meanings ascribed thereto in the Sale and Servicing Agreement.

      Section 1.02. Rules of Construction. Unless the context otherwise
requires:

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

               (ii) an accounting term not otherwise defined has the meaning
assigned to it in accordance with generally accepted accounting principles as
in effect from time to time;

               (iii) "or" is not exclusive;

               (iv) "including" means including without limitation;

               (v) definitions are applicable to the singular and plural forms
of such terms and to the masculine, feminine and neuter genders of such terms;
and

               (vi) any agreement, instrument or statute defined or referred
to herein or in any instrument or certificate delivered in connection herewith
means such agreement, instrument or statute as from time to time amended,
modified or supplemented and includes (in the case of agreements or
instruments) references to all attachments thereto and instruments
incorporated therein; references to a Person are also to its permitted
successors and assigns.

      Section 1.03. Incorporation by Reference of Trust Indenture Act.
Whenever this Indenture refers to a provision of the TIA, such provision is
incorporated by reference in and made a part of this Indenture. The following
TIA terms used in this Indenture have the following meanings:

      "Commission" means the Securities and Exchange Commission.

      "indenture securities" means the Notes.

      "indenture security holder" means a Noteholder.

      "indenture to be qualified" means this Indenture.

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

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

      All other TIA terms used in this Indenture that are defined by the TIA,
defined by TIA reference to another statute or defined by Commission rule have
the meaning assigned to them by such definitions.

                                      10
<PAGE>

                                  ARTICLE II.

                                   THE NOTES

      Section 2.01. Form. The Class A-1 Notes, the Class A-2 Notes, the Class
A-3 Notes, the Class A-4 Notes, the Class A-5 Notes, the Class B Notes, the
Class C Notes and the Class D Notes, in each case together with the Indenture
Trustee's certificate of authentication, shall be in substantially the form
set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3, Exhibit A-4, Exhibit A-5,
Exhibit B, Exhibit C and Exhibit D, respectively, with such appropriate
insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks
of identification and such legends or endorsements placed thereon as may,
consistently herewith, be determined by the officers executing the Notes, as
evidenced by their execution of the Notes. Any portion of the text of any Note
may be set forth on the reverse thereof, with an appropriate reference thereto
on the face of such Note.

      The Definitive Notes shall be typewritten, printed, lithographed or
engraved or produced by any combination of these methods (with or without
steel engraved borders), all as determined by the officers executing such
Notes, as evidenced by their execution of such Notes.

      Each Note shall be dated the date of its authentication. The terms of
the Notes set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3, Exhibit A-4,
Exhibit A-5, Exhibit B, Exhibit C, and Exhibit D are part of the terms of this
Indenture.

      Section 2.02. Execution, Authentication and Delivery. The Notes shall be
executed on behalf of the Issuer by any of its Authorized Officers. The
signature of any such Authorized Officer on the Notes may be manual or
facsimile.

      Notes bearing the manual or facsimile signature of individuals who were
at any time Authorized Officers of the Issuer shall bind the Issuer,
notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Notes or did not hold
such offices at the date of such Notes.

      The Note Registrar shall upon Issuer Order authenticate and deliver
Class A-1 Notes for original issue in an aggregate principal amount of
$29,400,000, Class A-2 Notes for original issue in an aggregate principal
amount of $237,000,000, Class A-3 Notes for original issue in an aggregate
principal amount of $190,000,000, Class A-4 Notes for original issue in an
aggregate principal amount of $74,000,000, Class A-5 Notes for original issue
in an aggregate principal amount of $47,888,000, Class B Notes for original
use in a aggregate principal amount of $24,298,000, Class C Notes for original
issue in an aggregate principal amount of $22,678,000 and Class D Notes for
original issue in an aggregate original principal amount of $22,678,733. The
aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3
Notes, Class A-4 Notes, Class A-5 Notes, Class B Notes, Class C Notes and
Class D Notes outstanding at any time may not exceed such respective amounts
except as provided in Section 2.06.

                                      11
<PAGE>

      The Notes shall be issuable as registered Notes in minimum denominations
of $1,000 and in integral multiples of $1,000 in excess thereof, except that
one Class D Note may be issued in multiples of $1.

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

      Section 2.03. Temporary Notes. Pending the preparation of Definitive
Notes, the Issuer may execute, and upon receipt of an Issuer Order the Note
Registrar shall authenticate and deliver, temporary Notes that are printed,
lithographed, typewritten, mimeographed or otherwise produced, of the tenor of
the Definitive Notes in lieu of which they are issued and with such variations
not inconsistent with the terms of this Indenture as the officers executing
such Notes may determine, as evidenced by their execution of such Notes.

      If temporary Notes are issued, the Issuer shall cause Definitive Notes
to be prepared without unreasonable delay. After the preparation of Definitive
Notes, the temporary Notes shall be exchangeable for Definitive Notes upon
surrender of the temporary Notes at the office or agency of the Issuer to be
maintained as provided in Section 3.02, without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Notes, the Issuer
shall execute, and the Note Registrar shall authenticate and deliver in
exchange therefor, a like principal amount of Definitive Notes of authorized
denominations. Until so exchanged, the temporary Notes shall in all respects
be entitled to the same benefits under this Indenture as Definitive Notes.

      Section 2.04. Registration; Registration of Transfer and Exchange. The
Issuer shall cause to be kept a register (the "Note Register") in which,
subject to such reasonable regulations as it may prescribe, the Note Registrar
shall provide for the registration of Notes and the registration of transfers
of Notes. The Bond Administrator initially shall be the "Note Registrar" for
the purpose of registering Notes and transfers of Notes as herein provided.
Any Note Registrar appointed in accordance with this Section 2.04 may at any
time resign by giving at least 30 days advance written noticeof resignation to
the Bond Administrator, the Indenture Trustee and the Issuer. Upon any
resignation of any Note Registrar, the Issuer shall promptly appoint a
successor or, if it elects not to make such an appointment, assume the duties
of Note Registrar.

      If a Person other than the Bond Administrator is appointed by the Issuer
as Note Registrar, the Issuer will give the Indenture Trustee prompt written
notice of the appointment of such Note Registrar and of the location, and any
change in the location, of the Note Register, and the Indenture Trustee shall
have the right to inspect the Note Register at all reasonable times and to
obtain copies thereof, and the Indenture Trustee shall have the right to
conclusively rely upon a certificate executed on behalf of the Note Registrar
by an Executive Officer thereof as to the names and addresses of the Holders
of the Notes and the principal amounts and number of such Notes.

                                      12
<PAGE>

      Upon surrender for registration of transfer of any Note at the office or
agency of the Issuer to be maintained as provided in Section 3.02, if the
requirements of Section 8-401(1) of the UCC are met, the Issuer shall execute,
and the Note Registrar shall authenticate and the Noteholder shall obtain from
the Note Registrar, in the name of the designated transferee or transferees,
one or more new Notes of the same Class in any authorized denominations, of a
like aggregate principal amount.

      At the option of the Holder, Notes may be exchanged for other Notes of
the same Class in any authorized denominations, of a like aggregate principal
amount, upon surrender of the Notes to be exchanged at such office or agency.
Whenever any Notes are so surrendered for exchange, if the requirements of
Section 8-401(1) of the UCC are met, the Issuer shall execute, and the Note
Registrar, without having to verify that the requirements of 8-401(1) have
been met, shall authenticate and the Noteholder shall obtain from the
Indenture Trustee, the Notes that the Noteholder making the exchange is
entitled to receive.

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

      Every Note presented or surrendered for registration of transfer or
exchange shall be duly endorsed by, or be accompanied by a written instrument
of transfer in form satisfactory to the Note Registrar duly executed by, the
Holder thereof or such Holder's attorney duly authorized in writing, with such
signature guaranteed by an "eligible guarantor institution" meeting the
requirements of the Note Registrar, which requirements include membership or
participation in the Securities Transfer Agent's Medallion Program ("STAMP")
or such other "signature guarantee program" as may be determined by the Note
Registrar in addition to, or in substitution for, STAMP, all in accordance
with the Exchange Act.

      No service charge shall be made to a Holder for any registration of
transfer or exchange of Notes, but the Issuer may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed
in connection with any registration of transfer or exchange of Notes, other
than exchanges pursuant to Section 2.03 or 9.05 not involving any transfer.

      The preceding provisions of this Section notwithstanding, the Issuer
shall not be required to make and the Note Registrar need not register
transfers or exchanges of Notes selected for redemption or of any Note for a
period of 15 days preceding the due date for any payment with respect to the
Note.

      The provisions of this Section are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the transfer of
Notes.

      Section 2.05. [Reserved].

      Section 2.06. Mutilated, Destroyed, Lost or Stolen Notes. If (i) any
mutilated Note is surrendered to the Note Registrar, or the Note Registrar
receives evidence to its satisfaction of the destruction, loss or theft of any
Note, and (ii) there is delivered to the Note Registrar such security or
indemnity as may be required by it to hold the Issuer and the Note Registrar
harmless,

                                      13
<PAGE>

then, in the absence of notice to the Issuer or the Note Registrar that such
Note has been acquired by a bona fide purchaser, and provided that the
requirements of Section 8-405 of the UCC are met, the Issuer shall execute,
and upon an Issuer Order the Note Registrar shall authenticate and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or stolen Note,
a replacement Note of the same Class; provided, however, that if any such
destroyed, lost or stolen Note, but not a mutilated Note, shall have become or
within 15 days shall be due and payable, or shall have been called for
redemption, instead of issuing a replacement Note, the Issuer may pay such
destroyed, lost or stolen Note when so due or payable or upon the Redemption
Date without surrender thereof. If, after the delivery of such replacement
Note or payment of a destroyed, lost or stolen Note, a bona fide purchaser of
the original Note in lieu of which such replacement Note was issued presents
for payment such original Note, the Issuer and the Note Registrar shall be
entitled to recover such replacement Note (or such payment) from the Person to
whom it was delivered or any Person taking such replacement Note from such
Person to whom such replacement Note was delivered or any assignee of such
Person, except a bona fide purchaser, and shall be entitled to recover upon
the security or indemnity provided therefor to the extent of any loss, damage,
cost or expense incurred by the Issuer or the Note Registrar in connection
therewith.

      Upon the issuance of any replacement Note under this Section, the Issuer
may require the payment by the Holder of such Note of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation
thereto and any other reasonable expenses (including the fees and expenses of
the Indenture Trustee and the Note Registrar) connected therewith.

      Every replacement Note issued pursuant to this Section in replacement of
any mutilated, destroyed, lost or stolen Note shall constitute an original
additional contractual obligation of the Issuer, whether or not the mutilated,
destroyed, lost or stolen Note shall be at any time enforceable by anyone, and
shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Notes duly issued hereunder.

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

      Section 2.07. Persons Deemed Owners. Prior to due presentment for
registration of transfer of any Note, the Issuer, the Indenture Trustee, the
Note Registrar, the Bond Administrator, the Paying Agent and any agent of the
Issuer or the Indenture Trustee may treat the Person in whose name any Note is
registered (as of the day of determination) as the owner of such Note for the
purpose of receiving payments of principal of and interest, if any, on such
Note and for all other purposes whatsoever, whether or not such Note be
overdue, and none of the Issuer, the Indenture Trustee, the Note Registrar,
the Bond Administrator, the Paying Agent or any agent of the Issuer, the Note
Registrar, the Bond Administrator, the Paying Agent or the Indenture Trustee
shall be affected by notice to the contrary.

      Section 2.08. Payment of Principal and Interest; Defaulted Interest.

            (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes,
the Class A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes
and the Class D Notes shall

                                      14
<PAGE>

accrue interest at the Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate,
the Class A-4 Rate, the Class A-5 Rate, the Class B Rate, the Class C Rate and
the Class D Rate, respectively, as set forth in Exhibit A-1, Exhibit A-2,
Exhibit A-3, Exhibit A-4, Exhibit A-5, Exhibit B, Exhibit C and Exhibit D,
respectively, and such interest shall be payable on each Distribution Date as
specified therein, subject to Section 3.01. Any installment of interest or
principal payable on a Note that is punctually paid or duly provided for by
the Issuer on the applicable Distribution Date shall be paid to the Person in
whose name such Note (or one or more Predecessor Notes) is registered on the
Record Date by check mailed first-class postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that,
unless Definitive Notes have been issued pursuant to Section 2.12, with
respect to Notes registered on the Record Date in the name of the nominee of
the Clearing Agency (initially, such nominee to be Cede & Co.), payment shall
be made by wire transfer in immediately available funds to the account
designated by such nominee; provided, however, that the final installment of
principal payable with respect to such Note on a Distribution Date or on the
related Final Scheduled Distribution Date (including the Redemption Price for
any Note called for redemption pursuant to Section 10.01) shall be payable as
provided in paragraph (b) below. The funds represented by any such checks
returned undelivered shall be held in accordance with Section 3.03.

            (b) The principal of each Note shall be payable in installments on
each Distribution Date as provided in Section 3.01 hereof and the forms of the
Notes set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3, Exhibit A-4, Exhibit
A-5, Exhibit B, Exhibit C and Exhibit D. Notwithstanding the foregoing, the
entire unpaid principal amount of each Class of Notes may be declared
immediately due and payable, if not previously paid, in the manner provided in
Section 5.02 on any date on which an Event of Default shall have occurred and
be continuing by the Indenture Trustee or the Indenture Trustee acting at the
direction of the Holders of Notes representing not less than a majority of the
Outstanding Amount of the Controlling Class. All principal payments on each
Class of Notes shall be made pro rata to the Noteholders of each Class
entitled thereto. Upon written notice thereof, the Bond Administrator shall
notify the Person in whose name a Note is registered at the close of business
on the Record Date preceding the Distribution Date on which the Issuer expects
the final installment of principal of and interest on such Note to be paid.
Such notice shall specify that such final installment will be payable only
upon presentation and surrender of such Note and shall specify the place where
such Note may be presented and surrendered for payment of such installment.
Notices in connection with redemptions of Notes shall be mailed to Noteholders
as provided in Section 10.02.

            (c) If the Issuer defaults in a payment of interest on the Notes,
the Issuer shall pay defaulted interest (plus interest on such defaulted
interest to the extent lawful) at the applicable Interest Rate in any lawful
manner on the next Distribution Date.

      Section 2.09. Cancellation. All Notes surrendered for payment,
registration of transfer, exchange or redemption shall, if surrendered to any
Person other than the Note Registrar, be delivered to the Note Registrar and
shall be promptly cancelled by the Note Registrar. The Issuer may at any time
deliver to the Note Registrar for cancellation any Notes previously
authenticated and delivered hereunder that the Issuer may have acquired in any
manner whatsoever, and all Notes so delivered shall be promptly cancelled by
the Indenture Trustee. No Notes shall be authenticated in lieu of or in
exchange for any Notes cancelled as provided in this

                                      15
<PAGE>

Section, except as expressly permitted by this Indenture. All cancelled Notes
may be held or disposed of by the Note Registrar in accordance with its
standard retention or disposal policy as in effect at the time unless the
Issuer shall direct by an Issuer Order that they be destroyed or returned to
it; provided, that such Issuer Order is timely and the Notes have not been
previously disposed of by the Note Registrar.

      Section 2.10. Book-Entry Notes. The Notes, upon original issuance, will
be issued in the form of typewritten Notes representing the Book-Entry Notes,
to be delivered to The Depository Trust Company, the initial Clearing Agency,
by, or on behalf of, the Issuer. The Book-Entry Notes shall be registered
initially on the Note Register in the name of Cede & Co., the nominee of the
initial Clearing Agency, and no Owner thereof will receive a Definitive Note
representing such Note Owner's interest in such Note, except as provided in
Section 2.12. Unless and until definitive, fully registered Notes (the
"Definitive Notes") have been issued to such Note Owners pursuant to Section
2.12:

               (i) the provisions of this Section shall be in full force and
effect;

               (ii) the Note Registrar and the Indenture Trustee shall be
entitled to deal with the Clearing Agency for all purposes of this Indenture
(including the payment of principal of and interest on the Notes and the
giving of instructions or directions hereunder) as the sole holder of the
Notes, and shall have no obligation to the Note Owners;

               (iii) to the extent that the provisions of this Section
conflict with any other provisions of this Indenture, the provisions of this
Section shall control;

               (iv) the rights of Note Owners shall be exercised only through
the Clearing Agency and shall be limited to those established by law and
agreements between such Note Owners and the Clearing Agency or the Clearing
Agency Participants pursuant to the Note Depository Agreement. Unless and
until Definitive Notes are issued pursuant to Section 2.12, the initial
Clearing Agency will make book-entry transfers among the Clearing Agency
Participants and receive and transmit payments of principal of and interest on
the Notes to such Clearing Agency Participants; and

               (v) whenever this Indenture requires or permits actions to be
taken based upon instructions or directions of Holders of Notes evidencing a
specified percentage of the Outstanding Amount of the Notes (or any Class
thereof, including the Controlling Class), the Clearing Agency shall be deemed
to represent such percentage only to the extent that it has received
instructions to such effect from Note Owners or Clearing Agency Participants
owning or representing, respectively, such required percentage of the
beneficial interest in the Outstanding Amount of the Notes (or Class thereof,
including the Controlling Class) and has delivered such instructions to the
Indenture Trustee.

      Section 2.11. Notices to Clearing Agency. Whenever a notice or other
communication to the Noteholders is required under this Indenture, unless and
until Definitive Notes shall have been issued to such Note Owners pursuant to
Section 2.12, the Indenture Trustee shall give all such notices and
communications specified herein to be given to Holders of the Notes to the
Clearing Agency, and shall have no obligation to such Note Owners.

                                      16
<PAGE>

      Section 2.12. Definitive Notes. If (i) the Issuer advises the Indenture
Trustee in writing that the Clearing Agency is no longer willing or able to
properly discharge its responsibilities with respect to the Book-Entry Notes
and the Issuer is unable to locate a qualified successor or (ii) after the
occurrence of an Event of Default or a Servicer Termination Event, Owners of
the Book-Entry Notes representing beneficial interests aggregating at least a
majority of the Outstanding Amount of such Notes advise the Clearing Agency in
writing that the continuation of a book-entry system through the Clearing
Agency is no longer in the best interests of such Note Owners, then the
Clearing Agency shall notify all Note Owners, the Bond Administrator and the
Indenture Trustee of the occurrence of any such event and of the availability
of Definitive Notes to Note Owners requesting the same. Upon surrender to the
Note Registrar of the typewritten Notes representing the Book-Entry Notes by
the Clearing Agency, accompanied by registration instructions, the Issuer
shall execute and the Note Registrar upon an Issuer Order shall authenticate
the Definitive Notes in accordance with the written instructions of the
Clearing Agency. None of the Issuer, the Note Registrar, Bond Administrator or
the Indenture Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected in relying
on, such instructions. Upon the issuance of Definitive Notes, the Indenture
Trustee, the Note Registrar and the Bond Administrator shall recognize the
Holders of the Definitive Notes as Noteholders.

      Section 2.13. Tax Treatment. The Issuer has entered into this Indenture,
and the Notes will be issued, with the intention that, for federal, state and
local income, single business and franchise tax purposes, the Notes will
qualify as indebtedness of the Issuer secured by the Trust Estate. The Issuer,
by entering into this Indenture, and each Noteholder, by its acceptance of a
Note (and each Note Owner by its acceptance of an interest in the applicable
Book-Entry Note), agree to treat the Notes for federal, state and local income
and franchise tax purposes as indebtedness.

                                      17
<PAGE>

                                  ARTICLE III.

                                   COVENANTS

      Section 3.01. Payment of Principal and Interest. The Issuer will duly
and punctually pay the principal of and interest, if any, on the Notes in
accordance with the terms of the Notes and this Indenture. Without limiting
the foregoing, subject to Section 8.02(c), on each Distribution Date, the
Issuer will cause to be distributed all amounts deposited pursuant to the Sale
and Servicing Agreement into the Note Interest Distribution Account and the
Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to
the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the
Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the
Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the
Class A-4 Noteholders, (v) for the benefit of the Class A-5 Notes, to the
Class A-5 Noteholders, (vi) for the benefit of the Class B Notes, to the Class
B Noteholders, (vii) for the benefit of the Class C Notes, to the Class C
Noteholders and (viii) for the benefit of the Class D Notes, to the Class D
Noteholders. Amounts properly withheld under the Code by any Person from a
payment to any Noteholder of interest and/or principal shall be considered as
having been paid by the Issuer to such Noteholder for all purposes of this
Indenture.

      Section 3.02. Maintenance of Office or Agency. The Issuer will maintain
in the Borough of Manhattan, The City of New York, an office or agency where
Notes may be surrendered for registration of transfer or exchange, and where
notices and demands to or upon the Issuer in respect of the Notes and this
Indenture may be served. Such office will initially be located at 111 Wall
Street, 14th Floor, Zone 3, New York, New York 10005. The Issuer will give
prompt written notice to the Indenture Trustee and the Bond Administrator of
the location, and of any change in the location, of any such office or agency.
If at any time the Issuer shall fail to maintain any such office or agency or
shall fail to furnish the Indenture Trustee and the Bond Administrator with
the address thereof, such surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Bond Administrator, and the Issuer
hereby appoints the Bond Administrator as its agent to receive all such
surrenders, notices and demands.

      Section 3.03. Money for Payments To Be Held in Trust. All payments of
amounts due and payable with respect to any Notes that are to be made from
amounts withdrawn from the Collection Account, the Note Interest Distribution
Account, the Principal Distribution Account and the Reserve Account shall be
made on behalf of the Issuer by the Indenture Trustee, the Bond Administrator
or by another Paying Agent, and no amounts so withdrawn from the Collection
Account, the Note Interest Distribution Account, the Principal Distribution
Account or the Reserve Account for payments of Notes shall be paid over to the
Issuer except as provided in this Section.

      On or before the Business Day preceding each Distribution Date and
Redemption Date, the Issuer shall deposit or cause to be deposited in the Note
Interest Distribution Account and the Principal Distribution Account an
aggregate sum sufficient to pay the amounts then becoming due under the Notes,
such sum to be held in trust for the benefit of the Persons entitled thereto,
and (unless the Paying Agent is the Indenture Trustee or the Bond
Administrator) shall promptly notify the Indenture Trustee and the Bond
Administrator of its action or failure so to act.

                                      18
<PAGE>

      The Issuer will cause each Paying Agent (other than the Bond
Administrator and the Indenture Trustee) to execute and deliver to the
Indenture Trustee an instrument in which such Paying Agent shall agree with
the Bond Administrator (and if the Indenture Trustee or the Bond Administrator
acts as Paying Agent, it hereby so agrees), subject to the provisions of this
Section, that such Paying Agent will:

               (i) hold all sums held by it for the payment of amounts due
with respect to the Notes in trust for the benefit of the Persons entitled
thereto until such sums shall be paid to such Persons or otherwise disposed of
as herein provided and pay such sums to such Persons as herein provided;

               (ii) give the Indenture Trustee notice of any default by the
Issuer (or any other obligor on the Notes) of which it has actual knowledge in
the making of any payment required to be made with respect to the Notes;

               (iii) at any time during the continuance of any such default,
upon the written request of the Indenture Trustee, forthwith pay to the
Indenture Trustee all sums so held in trust by such Paying Agent;

               (iv) immediately resign as a Paying Agent and forthwith pay to
the Indenture Trustee all sums held by it in trust for the payment of Notes if
at any time it ceases to meet the standards required to be met by a Paying
Agent at the time of its appointment; and

               (v) comply with all requirements of the Code with respect to
the withholding from any payments made by it on any Notes of any applicable
withholding taxes imposed thereon and with respect to any applicable reporting
requirements in connection therewith.

      Any Bond Administrator appointed as a Paying Agent may at any time
resign by giving at least 30 days advance written notice of resignation to the
Indenture Trustee and the Issuer.

      The Issuer may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, by
Issuer Order direct any Paying Agent to pay to the Indenture Trustee or the
Bond Administrator all sums held in trust by such Paying Agent, such sums to
be held by the Indenture Trustee or the Bond Administrator upon the same
trusts as those upon which the sums were held by such Paying Agent; and upon
such payment by any Paying Agent to Indenture Trustee or the Bond
Administrator, such Paying Agent shall be released from all further liability
with respect to such money.

      Subject to applicable laws with respect to escheat of funds, any money
held by the Indenture Trustee, the Bond Administrator or any Paying Agent in
trust for the payment of any amount due with respect to any Note and remaining
unclaimed for two years after such amount has become due and payable shall be
discharged from such trust and be paid upon Issuer Request to the Issuer; and
the Holder of such Note shall thereafter, as an unsecured general creditor,
look only to the Issuer for payment thereof (but only to the extent of the
amounts so paid to the Issuer), and all liability of the Indenture Trustee,
the Bond Administrator or such Paying Agent with respect to such trust money
shall thereupon cease; provided, however, that the Indenture Trustee, the Bond
Administrator or such Paying Agent, before being required to make any such

                                      19
<PAGE>

repayment, shall at the expense and direction of the Issuer cause to be
published once, in a newspaper published in the English language, customarily
published on each Business Day and of general circulation in The City of New
York, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such
publication, any unclaimed balance of such money then remaining will be repaid
to the Issuer. The Indenture Trustee or the Bond Administrator shall also
adopt and employ, at the expense and direction of the Issuer, any other
reasonable means of notification of such repayment (including, but not limited
to, mailing notice of such repayment to Holders whose Notes have been called
but have not been surrendered for redemption or whose right to or interest in
moneys due and payable but not claimed is determinable from the records of the
Indenture Trustee or the Bond Administrator or of any Paying Agent, at the
last address of record for each such Holder).

      Section 3.04. Existence. The Issuer will keep in full effect its
existence, rights and franchises as a business trust under the laws of the
State of Delaware (unless it becomes, or any successor Issuer hereunder is or
becomes, organized under the laws of any other State or of the United States
of America, in which case the Issuer will keep in full effect its existence,
rights and franchises under the laws of such other jurisdiction) and will
obtain and preserve its qualification to do business in each jurisdiction in
which such qualification is or shall be necessary to protect the validity and
enforceability of this Indenture, the Notes, the Collateral and each other
instrument or agreement included in the Trust Estate.

      Section 3.05. Protection of Trust Estate. The Issuer will from time to
time execute and deliver all such supplements and amendments hereto and all
such financing statements, continuation statements, instruments of further
assurance and other instruments, and will take such other action necessary or
advisable to:

               (i) maintain or preserve the lien and security interest (and
the priority thereof) of this Indenture or carry out more effectively the
purposes hereof;

               (ii) perfect, publish notice of or protect the validity of any
Grant made or to be made by this Indenture;

               (iii) enforce any of the Collateral; or

               (iv) preserve and defend title to the Trust Estate and the
rights of the Indenture Trustee and the Noteholders in such Trust Estate
against the claims of all persons and parties.

The Issuer hereby designates the Indenture Trustee, as its agent and
attorney-in-fact, to execute upon an Issuer Order any financing statement,
continuation statement or other instrument required to be executed pursuant to
this Section 3.05.

      Section 3.06. Opinions as to Trust Estate.

            (a) On the Closing Date, the Issuer shall cause to be furnished to
the Indenture Trustee an Opinion of Counsel either stating that, in the
opinion of such counsel, such action has been taken with respect to the
recording and filing of this Indenture, any indentures supplemental hereto,
and any other requisite documents, and with respect to the execution and
filing of any

                                      20
<PAGE>

financing statements and continuation statements, as are necessary to perfect
and make effective the lien and security interest of this Indenture and
reciting the details of such action, or stating that, in the opinion of such
counsel, no such action is necessary to make such lien and security interest
effective.

            (b) On or before April 30, in each calendar year, beginning in
2002, the Issuer shall furnish to the Indenture Trustee and the Rating
Agencies an Opinion of Counsel either stating that, in the opinion of such
counsel, such action has been taken with respect to the recording, filing,
re-recording and refiling of this Indenture, any indentures supplemental
hereto and any other requisite documents and with respect to the execution and
filing of any financing statements and continuation statements as is necessary
to maintain the lien and security interest created by this Indenture and
reciting the details of such action, or stating that in the opinion of such
counsel no such action is necessary to maintain such lien and security
interest. Such Opinion of Counsel shall also describe the recording, filing,
re-recording and refiling of this Indenture, any indentures supplemental
hereto and any other requisite documents and the execution and filing of any
financing statements and continuation statements that will, in the opinion of
such counsel, be required to maintain the lien and security interest of this
Indenture until April 30 in the following calendar year.

      Section 3.07. Performance of Obligations; Servicing of Receivables.

            (a) The Issuer will not take any action and will use its
reasonable best efforts not to permit any action to be taken by others that
would release any Person from any of such Person's material covenants or
obligations under any instrument or agreement included in the Trust Estate or
that would result in the amendment, hypothecation, subordination, termination
or discharge of, or impair the validity or effectiveness of, any such
instrument or agreement, except as expressly provided in this Indenture, the
Sale and Servicing Agreement or such other instrument or agreement.

            (b) The Issuer may contract with other Persons acceptable to the
Controlling Party and with notification to the Rating Agencies to assist it in
performing its duties under this Indenture, and any performance of such duties
by a Person identified to the Indenture Trustee in an Officer's Certificate of
the Issuer shall be deemed to be action taken by the Issuer. Initially, the
Issuer has contracted with the Servicer and the Trust Administrator to assist
the Issuer in performing its duties under this Indenture.

            (c) The Issuer will punctually perform and observe all of its
obligations and agreements contained in this Indenture, the Basic Documents
and in the instruments and agreements included in the Trust Estate, including
but not limited to filing or causing to be filed all UCC financing statements
and continuation statements required to be filed by the terms of this
Indenture and the Sale and Servicing Agreement in accordance with and within
the time periods provided for herein and therein. Except as otherwise
expressly provided therein, the Issuer shall not waive, amend, modify,
supplement or terminate any Basic Document or any provision thereof without
the consent of either the Indenture Trustee or the Holders of at least a
majority of the Outstanding Amount of each Class of Notes, voting separately.

                                      21
<PAGE>

            (d) If the Issuer shall have knowledge of the occurrence of a
Servicer Termination Event under the Sale and Servicing Agreement, the Issuer
shall promptly notify the Indenture Trustee and the Rating Agencies thereof,
and shall specify in such notice the action, if any, the Issuer is taking with
respect to such default.

            (e) [Reserved]

            (f) Upon any termination of the Servicer's rights and powers
pursuant to the Sale and Servicing Agreement, the Issuer shall promptly notify
the Indenture Trustee and the Bond Administrator thereof. As soon as a
successor servicer (a "Successor Servicer") is appointed, the Issuer shall
notify the Indenture Trustee and the Bond Administrator in writing of such
appointment, specifying in such notice the name and address of such Successor
Servicer.

            (g) Without limitation of the absolute nature of the assignment
granted to the Indenture Trustee under this Indenture or the rights of the
Indenture Trustee hereunder, the Issuer hereby agrees (i) except to extent
otherwise provided in any Basic Documents, that it will not, without the prior
written consent of the Indenture Trustee acting at the direction of the
Holders of at least a majority in Outstanding Amount of the Notes, amend,
modify, waive, supplement, terminate or surrender, or agree to any amendment,
modification, supplement, termination, waiver or surrender of, the terms of
any Collateral or the Basic Documents, or waive timely performance or
observance by the Servicer or the Seller under the Sale and Servicing
Agreement; and (ii) that any such amendment shall not (A) increase or reduce
in any manner the amount of, or accelerate or delay the timing of,
distributions that are required to be made for the benefit of the Noteholders
or (B) reduce the aforesaid percentage of the Notes that is required to
consent to any such amendment, without the consent of the Holders of all
Outstanding Notes. If the Indenture Trustee acting at the direction of such
Holders agrees to any such amendment, modification, supplement or waiver, the
Indenture Trustee agrees, promptly following a request by the Issuer to do so,
to execute and deliver, at the Issuer's own expense, such agreements,
instruments, consents and other documents as the Issuer may deem necessary or
appropriate in the circumstances.

      Section 3.08. Negative Covenants. So long as any Notes are Outstanding,
the Issuer shall not:

               (i) except as expressly permitted by this Indenture, the
Receivables Purchase Agreement or the Sale and Servicing Agreement, sell,
transfer, exchange or otherwise dispose of any of the properties or assets of
the Issuer, including those included in the Trust Estate, unless directed to
do so by the Controlling Party;

               (ii) claim any credit on, or make any deduction from the
principal or interest payable in respect of, the Notes (other than amounts
properly withheld from such payments under the Code) or assert any claim
against any present or former Noteholder by reason of the payment of the taxes
levied or assessed upon any part of the Trust Estate; or

               (iii) (A) permit the validity or effectiveness of this
Indenture to be impaired, or permit the lien of this Indenture to be amended,
hypothecated, subordinated, terminated or discharged, or permit any Person to
be released from any covenants or obligations with respect to the Notes under
this Indenture except as may be expressly permitted hereby,

                                      22
<PAGE>

(B) permit any lien, charge, excise, claim, security interest, mortgage or
other encumbrance (other than the lien of this Indenture) to be created on or
extend to or otherwise arise upon or burden the Trust Estate or any part
thereof or any interest therein or the proceeds thereof (other than tax liens,
mechanics' liens and other liens that arise by operation of law, in each case
on any of the Financed Vehicles and arising solely as a result of an action or
omission of the related Obligor) or (C) permit the lien of this Indenture not
to constitute a valid first priority (other than with respect to any such tax,
mechanics' or other lien) security interest in the Trust Estate.

      Section 3.09. Annual Statement as to Compliance. The Issuer will deliver
to the Indenture Trustee, the Bond Administrator and the Rating Agencies,
within 120 days after the end of each fiscal year of the Issuer (commencing
with the fiscal year 2003), an Officer's Certificate stating, as to the
Authorized Officer signing such Officer's Certificate, that:

               (i) a review of the activities of the Issuer during such year
and of its performance under this Indenture has been made under such
Authorized Officer's supervision; and

               (ii) to the best of such Authorized Officer's knowledge, based
on such review, the Issuer has complied with all conditions and covenants
under this Indenture throughout such year or, if there has been a default in
its compliance with any such condition or covenant, specifying each such
default known to such Authorized Officer and the nature and status thereof.

      Section 3.10. Issuer May Consolidate, etc., Only on Certain Terms.

            (a) The Issuer shall not consolidate or merge with or into any
other Person, unless:

               (i) the Person (if other than the Issuer) formed by or
surviving such consolidation or merger shall be a Person organized and
existing under the laws of the United States of America or any State and shall
expressly assume, by an indenture supplemental hereto, executed and delivered
to the Indenture Trustee, in form satisfactory to the Indenture Trustee, the
due and punctual payment of the principal of and interest on all Notes and the
performance or observance of every agreement and covenant of this Indenture on
the part of the Issuer to be performed or observed, all as provided herein;

               (ii) immediately after giving effect to such transaction, no
Default or Event of Default shall have occurred and be continuing;

               (iii) the Rating Agency Condition shall have been satisfied
with respect to such transaction;

               (iv) the Issuer shall have received an Opinion of Counsel (and
shall have delivered copies thereof to the Indenture Trustee and the Bond
Administrator) to the effect that such transaction will not have any material
adverse federal tax consequence to the Issuer, any Noteholder or any
Certificateholder;

                                      23
<PAGE>

               (v) any action that is necessary to maintain the lien and
security interest created by this Indenture shall have been taken; and

               (vi) the Issuer shall have delivered to the Indenture Trustee
and the Bond Administrator an Officer's Certificate and an Opinion of Counsel
each stating that such consolidation or merger and such supplemental indenture
comply with this Article III and that all conditions precedent herein provided
for relating to such transaction have been complied with (including any filing
required by the Exchange Act) in all material respects.

            (b) The Issuer shall not convey or transfer any of its properties
or assets, including those included in the Trust Estate, to any Person,
unless:

               (i) the Person that acquires by conveyance or transfer the
properties and assets of the Issuer the conveyance or transfer of which is
hereby restricted (A) shall be a United States citizen or a Person organized
and existing under the laws of the United States of America or any State, (B)
expressly assumes, by an indenture supplemental hereto, executed and delivered
to the Indenture Trustee, in form satisfactory to the Indenture Trustee, the
due and punctual payment of the principal of and interest on all Notes and the
performance or observance of every agreement and covenant of this Indenture on
the part of the Issuer to be performed or observed, all as provided herein,
(C) expressly agrees by means of such supplemental indenture that all right,
title and interest so conveyed or transferred shall be subject and subordinate
to the rights of Holders of the Notes, (D) unless otherwise provided in such
supplemental indenture, expressly agrees to indemnify, defend and hold
harmless the Issuer and the Indenture Trustee against and from any loss,
liability or expense arising under or related to this Indenture and the Notes
and (E) expressly agrees by means of such supplemental indenture that such
Person (or, if a group of Persons, one specified Person) shall make all
filings with the Commission (and any other appropriate Person) required by the
Exchange Act in connection with the Notes;

               (ii) immediately after giving effect to such transaction, no
Default or Event of Default shall have occurred and be continuing;

               (iii) the Rating Agency Condition shall have been satisfied
with respect to such transaction;

               (iv) the Issuer shall have received an Opinion of Counsel (and
shall have delivered copies thereof to the Indenture Trustee and the Bond
Administrator) to the effect that such transaction will not have any material
adverse federal tax consequence to the Issuer, any Noteholder or any
Certificateholder;

               (v) any action that is necessary to maintain the lien and
security interest created by this Indenture shall have been taken; and

               (vi) the Issuer shall have delivered to the Indenture Trustee
and the Bond Administrator an Officer's Certificate and an Opinion of Counsel
each stating that such conveyance or transfer and such supplemental indenture
comply with this Article III and that all conditions precedent herein provided
for relating to such transaction have been complied with (including any filing
required by the Exchange Act) in all material respects.

                                      24
<PAGE>

      Section 3.11. Successor or Transferee.

            (a) Upon any consolidation or merger of the Issuer in accordance
with Section 3.10(a), the Person formed by or surviving such consolidation or
merger (if other than the Issuer) shall succeed to, and be substituted for,
and may exercise every right and power of, the Issuer under this Indenture
with the same effect as if such Person had been named as the Issuer herein.

            (b) Upon a conveyance or transfer of all the assets and properties
of the Issuer pursuant to Section 3.10(b), SSB RV Trust 2001-1 will be
released from every covenant and agreement of this Indenture to be observed by
or performed on the part of the Issuer with respect to the Notes immediately
upon the delivery of written notice to the Indenture Trustee stating that SSB
RV Trust 2001-1 is to be so released.

      Section 3.12. No Other Business. The Issuer shall not engage in any
business other than financing, purchasing, owning, selling and managing the
Receivables in the manner contemplated by this Indenture and the Basic
Documents and any activities incidental thereto. The Issuer shall not fund the
purchase of any receivables other than the Receivables.

      Section 3.13. No Borrowing. The Issuer shall not issue, incur, assume,
guarantee or otherwise become liable, directly or indirectly, for any
indebtedness except for the Notes.

      Section 3.14. Servicer's Obligations. The Issuer shall cause the
Servicer to comply with Sections 4.09, 4.10, 4.11 and Article VII of the Sale
and Servicing Agreement.

      Section 3.15. Guarantees, Loans, Advances and Other Liabilities. Except
as contemplated by the Trust Agreement, the Sale and Servicing Agreement or
this Indenture, the Issuer shall not make any loan or advance or credit to, or
guarantee (directly or indirectly or by an instrument having the effect of
assuring another's payment or performance on any obligation or capability of
so doing or otherwise), endorse or otherwise become contingently liable,
directly or indirectly, in connection with the obligations, stocks or
dividends of, or own, purchase, repurchase or acquire (or agree contingently
to do so) any stock, obligations, assets or securities of, or any other
interest in, or make any capital contribution to, any Person.

      Section 3.16. Capital Expenditures. The Issuer shall not make any
expenditure (by long-term or operating lease or otherwise) for capital assets
(either realty or personalty).

      Section 3.17. Removal of Trust Administrator. So long as any Notes are
Outstanding, the Issuer shall not remove the Trust Administrator unless the
Rating Agency Condition shall have been satisfied in connection with such
removal and the Indenture Trustee receives written notice of the foregoing and
consents thereto.

      Section 3.18. Restricted Payments. Except with respect to the proceeds
from issuance of the Notes, the Issuer shall not, directly or indirectly, (i)
pay any dividend or make any distribution (by reduction of capital or
otherwise), whether in cash, property, securities or a combination thereof, to
the Owner Trustee or any owner of a beneficial interest in the Issuer or
otherwise with respect to any ownership or equity interest or security in or
of the Issuer or to the Servicer, (ii) redeem, purchase, retire or otherwise
acquire for value any such ownership or

                                      25
<PAGE>

equity interest or security or (iii) set aside or otherwise segregate any
amounts for any such purpose; provided, however, that the Issuer may make, or
cause to be made, distributions as contemplated by, and to the extent funds
are available for such purpose under, the Sale and Servicing Agreement, this
Indenture or the Trust Agreement. The Issuer will not, directly or indirectly,
make payments to or distributions from the Note Interest Distribution Account,
the Principal Distribution Account, the Collection Account or the Reserve
Account except in accordance with this Indenture and the Basic Documents.

      Section 3.19. Notice of Events of Default. The Issuer shall give the
Indenture Trustee and the Rating Agencies prompt written notice of each Event
of Default hereunder, and of each default on the part of the Servicer or the
Seller of its obligations under the Sale and Servicing Agreement.

      Section 3.20. Further Instruments and Acts. Upon request of the
Indenture Trustee or the Bond Administrator, the Issuer will execute and
deliver such further instruments and so such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this
Indenture.

      Section 3.21. Perfection Representation. The Issuer further makes all
the representations, warranties and covenants set forth in Schedule B.

                                      26
<PAGE>

                                 ARTICLE IV.

                          SATISFACTION AND DISCHARGE

      Section 4.01. Satisfaction and Discharge of Indenture. This Indenture
shall cease to be of further effect with respect to the Notes except as to (i)
rights of registration of transfer and exchange, (ii) substitution of
mutilated, destroyed, lost or stolen Notes, (iii) rights of Noteholders to
receive payments of principal thereof and interest thereon, (iv) Sections
3.03, 3.04, 3.05, 3.08, 3.10, 3.11, 3.12, 3.13, 3.15, 3.16 and 3.18, (v) the
rights, obligations and immunities of the Indenture Trustee, the Note
Registrar, the Paying Agent and the Bond Administrator hereunder (including
the rights of the Indenture Trustee, the Note Registrar the Paying Agent and
the Bond Administrator under Section 6.07 and the obligations set forth in
Section 4.02) and (vi) the rights of Noteholders as beneficiaries hereof with
respect to the property so deposited with the Indenture Trustee or the Bond
Administrator for the benefit of the Indenture Trustee payable to all or any
of them, and the Indenture Trustee, on demand of and at the expense of the
Issuer, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture with respect to the Notes, when

            (A)   either:

                  (1) all Notes theretofore authenticated and delivered (other
than (i) Notes that have been destroyed, lost or stolen and that have been
replaced or paid as provided in Section 2.06 and (ii) Notes for the payment of
which money has theretofore been deposited in trust or segregated and held in
trust by the Issuer and thereafter repaid to the Issuer or discharged from
such trust, as provided in Section 3.03) have been delivered to the Note
Registrar for cancellation; or

                   (2) all Notes not theretofore delivered to the Note
Registrar for cancellation

                              a.    have become due and payable,

                              b.    will  become due and  payable at the Class
               D Final Scheduled Distribution Date within one year or

                              c.    are to be  called  for  redemption  within
               one  year   under   arrangements   satisfactory   to  the  Bond
               Administrator  for the  giving of notice of  redemption  by the
               Indenture  Trustee or the Bond  Administrator  in the name, and
               at the expense, of the Issuer;

      and the Issuer, in the case of a, b, or c above, has irrevocably
      deposited or caused to be irrevocably deposited with the Indenture
      Trustee or the Bond Administrator cash or direct obligations of or
      obligations guaranteed by the United States of America (that will mature
      prior to the date such amounts are payable), in trust for such purpose,
      in an amount sufficient to pay and discharge the entire indebtedness on
      such Notes not theretofore delivered to the Indenture Trustee for
      cancellation when due to the applicable Final Scheduled Distribution
      Date or Redemption Date (if Notes shall have been called for redemption
      pursuant to Section 10.01), as the case may be;

                                      27
<PAGE>

            (B) the Issuer has paid or caused to be paid all other sums
            payable hereunder by the Issuer including, but not limited to,
            fees and expenses due to the Indenture Trustee and the Bond
            Administrator; and

            (C) the Issuer has delivered to the Indenture Trustee and the Bond
            Administrator an Officer's Certificate, an Opinion of Counsel and
            (if required by the TIA, the Indenture Trustee or the Bond
            Administrator) an Independent Certificate from a firm of certified
            public accountants, each meeting the applicable requirements of
            Section 11.01(a) and, subject to Section 11.02, each stating that
            all conditions precedent herein provided for relating to the
            satisfaction and discharge of this Indenture have been complied
            with.

      Section 4.02. Application of Trust Money. All moneys deposited with the
Bond Administrator pursuant to Section 4.01 hereof shall be held in trust and
applied by it in accordance with the provisions of the Notes and this
Indenture to the payment, either directly or through any Paying Agent, to the
Holders of the particular Notes for the payment or redemption of which such
moneys have been deposited with the Bond Administrator, of all sums due and to
become due thereon for principal and interest; but such moneys need not be
segregated from other funds except to the extent required herein, in the Sale
and Servicing Agreement or by law.

      Section 4.03. Repayment of Moneys Held by Paying Agent. In connection
with the satisfaction and discharge of this Indenture with respect to the
Notes, all moneys then held by any Paying Agent other than the Indenture
Trustee or the Bond Administrator under the provisions of this Indenture with
respect to such Notes shall, upon written demand of the Issuer, be paid to the
Indenture Trustee to be held and applied according to Section 3.03; and
thereupon, such Paying Agent shall be released from all further liability with
respect to such moneys.

      Section 4.04. Release of Collateral. Subject to Section 11.01 and the
terms of the Basic Documents, the Indenture Trustee shall release property
from the lien of this Indenture only upon receipt by it of an Issuer Request
accompanied by an Officer's Certificate, an Opinion of Counsel and Independent
Certificates in accordance with TIA ss.ss. 314(c) and 314(d)(1) or an Opinion
of Counsel in lieu of such Independent Certificates to the effect that the TIA
does not require any such Independent Certificates.

                                      28
<PAGE>

                                  ARTICLE V.

                                   REMEDIES

      Section 5.01. Events of Default. "Event of Default", wherever used
herein, means any one of the following events (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of
any court or any order, rule or regulation of any administrative or
governmental body):

               (i) default in the payment of any interest on any Note of the
Controlling Class when the same becomes due and payable, and such default
shall continue for a period of five days;

               (ii) default in the payment of the principal of or any
installment of the principal of any Note when the same becomes due and payable
upon maturity;

               (iii) default in the observance or performance of any covenant
or agreement of the Issuer made in this Indenture (other than a covenant or
agreement, a default in the observance or performance of which is elsewhere in
this Section specifically dealt with), or any representation or warranty of
the Issuer made in this Indenture or in any certificate or other writing
delivered pursuant hereto or in connection herewith proving to have been
incorrect in any material respect as of the time when the same shall have been
made, and such default shall continue or not be cured, or the circumstance or
condition in respect of which such misrepresentation or warranty was incorrect
shall not have been eliminated or otherwise cured, for a period of 30 days
after there shall have been given, by registered or certified mail, to the
Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by
the Holders of at least 25% of the Outstanding Amount of the Controlling
Class, a written notice specifying such default or incorrect representation or
warranty and requiring it to be remedied and stating that such notice is a
notice of Default hereunder;

               (iv) the filing of a decree or order for relief by a court
having jurisdiction in the premises in respect of the Issuer or any
substantial part of the Trust Estate in an involuntary case under any
applicable federal or state bankruptcy, insolvency or other similar law now or
hereafter in effect, or the appointment of a receiver, liquidator, assignee,
custodian, trustee, sequestrator or similar official of the Issuer or for any
substantial part of the Trust Estate, or the ordering of the winding-up or
liquidation of the Issuer's affairs, and such decree or order shall remain
unstayed and in effect for a period of 60 consecutive days; or

               (v) the commencement by the Issuer of a voluntary case under
any applicable federal or state bankruptcy, insolvency or other similar law
now or hereafter in effect, or the consent by the Issuer to the entry of an
order for relief in an involuntary case under any such law, or the consent by
the Issuer to the appointment of or taking of possession by a receiver,
liquidator, assignee, custodian, trustee, sequestrator or similar official of
the Issuer or for any substantial part of the Trust Estate, or the making by
the Issuer of any general assignment for the benefit of creditors, or the
failure by the Issuer generally to pay its debts as such debts become due, or
the taking of any action by the Issuer in furtherance of any of the foregoing.

                                      29
<PAGE>

The Issuer shall promptly deliver to the Indenture Trustee written notice in
the form of an Officer's Certificate of any event that with the giving of
notice and the lapse of time would become an Event of Default under clause
(iii), its status and what action the Issuer is taking or proposes to take
with respect thereto.

      Section 5.02. Acceleration of Maturity; Rescission and Annulment.(a) If
an Event of Default shall occur and be continuing, then and in every such case
the Indenture Trustee may or the Indenture Trustee as directed in writing by
the Holders of Notes representing not less than a majority of the Outstanding
Amount of the Controlling Class shall declare all the Notes to be then
immediately due and payable, by a notice in writing to the Issuer (and to the
Indenture Trustee if given by Noteholders), and upon any such declaration the
Outstanding Amount of such Notes, together with accrued and unpaid interest
thereon through the date of acceleration, shall become immediately due and
payable pursuant to the last paragraph of Section 5.06 of the Sale and
Servicing Agreement.

            (b) [Reserved].

            (c) If an Event of Default under this Indenture shall have
occurred and be continuing at any time when the Indenture Trustee is the
Controlling Party, the Indenture Trustee in its discretion may, or if so
requested in writing by Holders of Notes representing at least a majority of
the Outstanding Amount of the Controlling Class, shall, declare by written
notice to the Issuer all of the Notes to be immediately due and payable, and
upon any such declaration, the Outstanding Amount of the Notes, together with
accrued interest thereon through the date of acceleration, shall become
immediately due and payable as provided in the Notes set forth in Exhibit A-1,
Exhibit A-2, Exhibit A-3, Exhibit A-4, Exhibit A-5, Exhibit B, Exhibit C and
Exhibit D. Notwithstanding anything to the contrary in this paragraph (c), if
an Event of Default specified in clauses (iv) or (v) of Section 5.01 shall
have occurred and be continuing at any time when the Indenture Trustee is the
Controlling Party, the Notes shall become immediately due and payable at par,
together with accrued interest thereon.

            (d) At any time after such declaration of acceleration of maturity
has been made and before a judgment or decree for payment of the money due has
been obtained by the Indenture Trustee as hereinafter in this Article V
provided, the Holders of Notes representing a majority of the Outstanding
Amount of the Controlling Class, by written notice to the Issuer and the
Indenture Trustee, may rescind and annul such declaration and its consequences
if:

               (i) the Issuer has paid or deposited with the Indenture Trustee
a sum sufficient to pay:

                  A. all payments of principal of and interest on all Notes and
all other amounts that would then be due hereunder or upon such Notes if the
Event of Default giving rise to such acceleration had not occurred; and

                  B. all sums paid by the Indenture Trustee hereunder and the
reasonable compensation, expenses and disbursements of the Indenture Trustee
and its agents and counsel and the reasonable compensation, expenses and
disbursements of the Owner Trustee and its agents and counsel; and

                                      30
<PAGE>

               (ii) all Events of Default, other than the nonpayment of the
principal of the Notes that has become due solely by such acceleration, have
been cured or waived as provided in Section 5.12.

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

      Section 5.03. Collection of Indebtedness and Suits for Enforcement by
Indenture Trustee; Authority of the Controlling Party.

            (a) The Issuer covenants that if (i) a default is made in the
payment of any interest on any Note when the same becomes due and payable, and
such default continues for a period of five Business Days or, (ii) default is
made in the payment of the principal of or any installment of the principal of
any Note when the same becomes due and payable, the Issuer will, upon demand
of the Indenture Trustee, pay to it, for the benefit of the Holders of the
Notes, the entire amount then due and payable on such Notes in respect of
principal and interest, with interest on the overdue principal and, to the
extent payment at such rate of interest shall be legally enforceable, on
overdue installments of interest at the related Interest Rate and, in addition
thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses and
disbursements of the Indenture Trustee and its agents and counsel.

            (b) In case the Issuer shall fail forthwith to pay such amounts
upon such demand, the Indenture Trustee, in its own name and as trustee of an
express trust, may institute a Proceeding for the collection of the sums so
due and unpaid, and may prosecute such Proceeding to judgment or final decree,
and may enforce the same against the Issuer or other obligor on such Notes and
collect in the manner provided by law out of the Trust Estate or the property
of any other obligor on such Notes, wherever situated, the moneys adjudged or
decreed to be payable.

            (c) If an Event of Default occurs, the Indenture Trustee may, as
more particularly provided in Section 5.04, in its discretion or shall at the
directions of the Holders of at least a majority of the Outstanding Amount of
the Notes proceed to protect and enforce its rights and the rights of the
Noteholders, by such appropriate Proceedings as the Indenture Trustee or the
Indenture Trustee at the direction of the Holders of at least a majority of
the Outstanding Amount of the Notes shall reasonably deem most effective to
protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any
power granted herein, or to enforce any other proper remedy or legal or
equitable right vested in the Indenture Trustee by this Indenture or by law.

            (d) In case there shall be pending, relative to the Issuer or any
other obligor on the Notes or any Person having or claiming an ownership
interest in the Trust Estate, Proceedings under Title 11 of the United States
Code or any other applicable federal or state bankruptcy, insolvency or other
similar law, or in case a receiver, assignee or trustee in bankruptcy or
reorganization, or liquidator, sequestrator or similar official shall have
been appointed for or taken possession of the Issuer or its property or such
other obligor or Person, or in case of any other comparable Proceedings
relative to the Issuer or other obligor on the Notes, or to the creditors or
property of the Issuer or such other obligor, the Indenture Trustee,
irrespective of whether the principal of any Notes shall then be due and
payable as therein expressed or by

                                      31
<PAGE>

declaration or otherwise and irrespective of whether the Indenture Trustee
shall have made any demand pursuant to the provisions of this Section, shall
be entitled and empowered, by intervention in such Proceedings or otherwise:

               (i) to file and prove a claim or claims for the entire amount
of principal and interest owing and unpaid in respect of the Notes and to file
such other papers or documents as may be necessary or advisable in order to
have the claims of the Indenture Trustee (including any claim for reasonable
compensation to the Indenture Trustee and each predecessor Indenture Trustee,
and their respective agents, attorneys and counsel, and for reimbursement of
reasonable out-of-pocket expenses and liabilities incurred, by the Indenture
Trustee and each predecessor Indenture Trustee, except as a result of
negligence or bad faith) and of the Noteholders allowed in such Proceedings;

               (ii) unless prohibited by applicable law or regulation, to vote
on behalf of the Holders of Notes in any election of a trustee, a standby
trustee or a Person performing similar functions in any such Proceedings;

               (iii) to collect and receive any moneys or other property
payable or deliverable on any such claims and to distribute all amounts
received with respect to the claims of the Noteholders and of the Indenture
Trustee on their behalf; and

               (iv) to file such proofs of claim and other papers or documents
as may be necessary or advisable in order to have the claims of the Indenture
Trustee or the Holders of Notes allowed in any Proceedings relative to the
Issuer, its creditors or its property;

and any trustee, receiver, liquidator, custodian or other similar official in
any such Proceeding is hereby authorized by each of such Noteholders to make
payments to the Indenture Trustee and, in the event that the Indenture Trustee
shall consent to the making of payments directly to such Noteholders, to pay
to the Indenture Trustee such amounts as shall be sufficient to cover
reasonable compensation to the Indenture Trustee, each predecessor Indenture
Trustee and their respective agents, attorneys and counsel, and all other
expenses and liabilities incurred by the Indenture Trustee and each
predecessor Indenture Trustee except as a result of negligence or bad faith.

            (e) Nothing herein contained shall be deemed to authorize the
Indenture Trustee to authorize or consent to or vote for or accept or adopt on
behalf of any Noteholder any plan of reorganization, arrangement, adjustment
or composition affecting the Notes or the rights of any Holder thereof or to
authorize the Indenture Trustee to vote in respect of the claim of any
Noteholder in any such proceeding except, as aforesaid, to vote for the
election of a trustee in bankruptcy or similar Person.

            (f) All rights of action and of asserting claims under this
Indenture, or under any of the Notes, may be enforced by the Indenture Trustee
without the possession of any of the Notes or the production thereof in any
Proceedings relative thereto, and any such Proceedings instituted by the
Indenture Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment, subject to the payment of the expenses,
disbursements and compensation of the Indenture Trustee, each predecessor
Indenture Trustee and their respective agents and attorneys, shall be for the
ratable benefit of the Holders of the Notes.

                                      32
<PAGE>

            (g) In any Proceedings brought by the Indenture Trustee (and also
any Proceedings involving the interpretation of any provision of this
Indenture to which the Indenture Trustee shall be a party), the Indenture
Trustee shall be held to represent all the Holders of the Notes, and it shall
not be necessary to make any Noteholder a party to any such Proceedings.

      Section 5.04. Remedies; Priorities.

            (a) If an Event of Default shall have occurred and be continuing,
the Indenture Trustee may do one or more of the following (subject to Section
5.05):

               (i) institute Proceedings in its own name and as trustee of an
express trust for the collection of all amounts then payable on the Notes or
under this Indenture with respect thereto, whether by declaration or
otherwise, enforce any judgment obtained and collect from the Issuer and any
other obligor on such Notes moneys adjudged due;

               (ii) institute Proceedings from time to time for the complete
or partial foreclosure of this Indenture with respect to the Trust Estate;

               (iii) exercise any remedies of a secured party under the UCC
and take any other appropriate action to protect and enforce the rights and
remedies of the Indenture Trustee and the Holders of the Notes; and

               (iv) sell the Trust Estate or any portion thereof or rights or
interest therein, at one or more public or private sales called and conducted
in any manner permitted by law;

      provided, however, that the Indenture Trustee may not sell or otherwise
liquidate the Trust Estate following an Event of Default, other than an Event
of Default described in Section 5.01(i) or (ii), unless, (I) with respect to
any Event of Default described in Section 5.01(iv) and (v), (A) the Holders of
100% of the Outstanding Amount of the Controlling Class consent thereto, or
(B) the proceeds of such sale or liquidation distributable to the Noteholders
are sufficient to discharge in full all amounts then due and unpaid on such
Notes in respect of principal and interest, or (C) the Indenture Trustee
determines that the Trust Estate will not continue to provide sufficient funds
for the payment of principal of and interest on the Notes as they would have
become due if the Notes had not been declared due and payable, and the
Indenture Trustee obtains the consent of Holders of at least two thirds of the
Outstanding Amount of the Controlling Class or (II) with respect to an Event
of Default described in Section 5.01(iii), (A) the Noteholders of all
Outstanding Notes and the Certificateholders of all Outstanding Certificates
consent thereto; or (B) the proceeds of such sale or liquidation are
sufficient to pay in full the principal of and accrued interest on the
Outstanding Notes and Outstanding Certificates.

      In determining such sufficiency or insufficiency with respect to clause
(B) and (C), the Indenture Trustee may, at the Issuer's expense and paid
pursuant to Section 6.07, but need not, obtain and conclusively rely upon an
opinion of an Independent investment banking or accounting firm of national
reputation as to the feasibility of such proposed action and as to the
sufficiency of the Trust Estate for such purpose.

                                      33
<PAGE>

            (b) If the Indenture Trustee collects any money or property
pursuant to this Article V, it shall pay out the money or property in the
following order:

            FIRST:      to the Indenture Trustee, the Bond Administrator,  the
            Paying  Agent  and  the  Note  Registrar  for  amounts  due  under
            Section 6.07,  and to the  Servicer,  the  Owner  Trustee  and the
            Back-up  Servicer the amounts due under  Sections  5.06(b)(i)  and
            Section  5.06(b)(iii)  respectively  of  the  Sale  and  Servicing
            Agreement;

            SECOND:     to the Class A Noteholders  for amounts due and unpaid
            on the Notes in  respect  of  interest  (including  any  premium),
            ratably,  without preference or priority of any kind, according to
            the  amounts  due and  payable  on the Class A Notes in respect of
            interest (including any premium);

            THIRD:      to Holders of the Class A-1  Notes for amounts due and
            unpaid on the Class A-1  Notes in respect of  principal,  ratably,
            without  preference  or  priority  of any kind,  according  to the
            amounts  due and  payable  on the  Class A-1  Notes in  respect of
            principal,  until the Outstanding Amount of the Class A-1 Notes is
            reduced to zero;

            FOURTH:     to Holders of the Class A-2  Notes for amounts due and
            unpaid on the Class A-2  Notes in respect of  principal,  ratably,
            without  preference  or  priority  of any kind,  according  to the
            amounts  due and  payable  on the  Class A-2  Notes in  respect of
            principal,  until the Outstanding Amount of the Class A-2 Notes is
            reduced to zero;

            FIFTH:      to Holders of the Class A-3  Notes for amounts due and
            unpaid on the Class A-3  Notes in respect of  principal,  ratably,
            without  preference  or  priority  of any kind,  according  to the
            amounts  due and  payable  on the  Class A-3  Notes in  respect of
            principal,  until the Outstanding Amount of the Class A-3 Notes is
            reduced to zero;

            SIXTH:      to Holders of the Class A-4  Notes for amounts due and
            unpaid on the Class A-4  Notes in respect of  principal,  ratably,
            without  preference  or  priority  of any kind,  according  to the
            amounts  due and  payable  on the  Class A-4  Notes in  respect of
            principal,  until the Outstanding Amount of the Class A-4 Notes is
            reduced to zero;

            SEVENTH: to Holders of the Class A-5 Notes for amounts due and
            unpaid on the Class A-5 Notes in respect of principal, ratably,
            without preference or priority of any kind, according to the
            amounts due and payable on the Class A-5 Notes in respect of
            principal, until the Outstanding Amount of the Class A-5 Notes is
            reduced to zero;

            EIGHTH:     to the Class B Noteholders  for amounts due and unpaid
            on the Notes in  respect  of  interest  (including  any  premium),
            ratably,  without preference or priority of any kind, according to
            the  amounts  due and  payable  on the Class B Notes in respect of
            interest (including any premium);

                                      34
<PAGE>

            NINTH:      to Holders of the  Class B  Notes for  amounts due and
            unpaid on the  Class B  Notes in  respect of  principal,  ratably,
            without  preference  or  priority  of any kind,  according  to the
            amounts  due and  payable  on the  Class B  Notes  in  respect  of
            principal,  until the  Outstanding  Amount of the Class B Notes is
            reduced to zero;

            TENTH:      to the Class C Noteholders  for amounts due and unpaid
            on the Notes in  respect  of  interest  (including  any  premium),
            ratably,  without preference or priority of any kind, according to
            the  amounts  due and  payable  on the Class C Notes in respect of
            interest (including any premium);

            ELEVENTH: to Holders of the Class C Notes for amounts due and
            unpaid on the Class C Notes in respect of principal, ratably,
            without preference or priority of any kind, according to the
            amounts due and payable on the Class C Notes in respect of
            principal, until the Outstanding Amount of the Class C Notes is
            reduced to zero;

            TWELFTH:    to the Class D Noteholders  for amounts due and unpaid
            on the Notes in  respect  of  interest  (including  any  premium),
            ratably,  without preference or priority of any kind, according to
            the  amounts  due and  payable  on the Class D Notes in respect of
            interest (including any premium);

            THIRTEENTH: to Holders of the Class D Notes for amounts due and
            unpaid on the Class D Notes in respect of principal, ratably,
            without preference or priority of any kind, according to the
            amounts due and payable on the Class D Notes in respect of
            principal, until the Outstanding Amount of the Class D Notes is
            reduced to zero; and

            FOURTEENTH: as  further  provided  pursuant  to  Sections  5.06(b)
            through 5.06(e) of the Sale and Servicing Agreement.

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

      Section 5.05. Optional Preservation of the Receivables. If the Indenture
Trustee is the Controlling Party and the Notes have been declared to be due
and payable under Section 5.02 following an Event of Default, and such
declaration and its consequences have not been rescinded and annulled, the
Indenture Trustee may, but need not, elect to maintain possession of the Trust
Estate. It is the desire of the parties hereto and the Noteholders that there
be at all times sufficient funds for the payment of principal of and interest
on the Notes, and the Indenture Trustee shall take such desire into account
when determining whether or not to maintain possession of the Trust Estate. In
determining whether or not to maintain possession of the Trust Estate, the
Indenture Trustee may, at the expense of the Issuer and paid pursuant to
Section 6.07, but need not, obtain and conclusively rely upon an opinion of an
Independent investment banking or accounting firm of national reputation as to
the feasibility of such proposed action and as to the sufficiency of the Trust
Estate for such purpose.

                                      35
<PAGE>

      Section 5.06. Limitation of Suits. No Holder of any Note shall have any
right to institute any Proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other
remedy hereunder, unless:

               (i) such Holder has previously given written notice to the
Indenture Trustee of a continuing Event of Default;

               (ii) the Holders of not less than 25% of the Outstanding Amount
of the Controlling Class have made written request to the Indenture Trustee to
institute such Proceeding in respect of such Event of Default in its own name
as Indenture Trustee hereunder;

               (iii) such Holder or Holders have offered to the Indenture
Trustee reasonable indemnity against the costs, expenses and liabilities that
may be incurred in complying with such request;

               (iv) the Indenture Trustee for 60 days after its receipt of
such notice, request and offer of indemnity has failed to institute such
Proceedings; and

               (v) no direction inconsistent with such written request has
been given to the Indenture Trustee during such 60-day period by the Holders
of a majority of the Outstanding Amount of the Controlling Class.

It is understood and intended that no one or more Holders of Notes shall have
any right in any manner whatsoever by virtue of, or by availing of, any
provision of this Indenture to affect, disturb or prejudice the rights of any
other Holders of Notes or to obtain or to seek to obtain priority or
preference over any other Holders or to enforce any right under this
Indenture, except in the manner herein provided.

      In the event the Indenture Trustee shall receive conflicting or
inconsistent requests and indemnity from two or more groups of Holders of
Notes pursuant to this Section, each representing less than a majority of the
Outstanding Amount of the Controlling Class, the Indenture Trustee shall act
at the direction of the group representing the greater percentage of the
Outstanding Amount of Notes and if there is no such group then in its sole
discretion may determine what action, if any, shall be taken, notwithstanding
any other provisions of this Indenture.

      Section 5.07. Unconditional Rights of Noteholders To Receive Principal
and Interest. Notwithstanding any other provisions in this Indenture, the
Holder of any Note shall have the right, which is absolute and unconditional,
to receive payment of the principal of and interest, if any, on such Note on
or after the respective due dates thereof expressed in such Note or in this
Indenture (or, in the case of redemption, on or after the Redemption Date) and
to institute suit for the enforcement of any such payment, and such right
shall not be impaired without the consent of such Holder.

      Section 5.08. Restoration of Rights and Remedies. If the Indenture
Trustee or any Noteholder has instituted any Proceeding to enforce any right
or remedy under this Indenture and such Proceeding has been discontinued or
abandoned for any reason or has been determined adversely to the Indenture
Trustee or to such Noteholder, then and in every such case the Issuer,

                                      36
<PAGE>

the Indenture Trustee and the Noteholders shall, subject to any determination
in such Proceeding, be restored severally and respectively to their former
positions hereunder, and thereafter all rights and remedies of the Indenture
Trustee and the Noteholders shall continue as though no such Proceeding had
been instituted.

      Section 5.09. Rights and Remedies Cumulative. No right or remedy herein
conferred upon or reserved to the Indenture Trustee or to the Noteholders is
intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at
law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

      Section 5.10. Delay or Omission Not a Waiver. No delay or omission of
the Indenture Trustee, or any Holder of any Note to exercise any right or
remedy accruing upon any Default or Event of Default shall impair any such
right or remedy or constitute a waiver of any such Default or Event of Default
or an acquiescence therein. Every right and remedy given by this Article V or
by law to the Indenture Trustee or to the Noteholders may be exercised from
time to time, and as often as may be deemed expedient, by the Indenture
Trustee or the Noteholders, as the case may be.

      Section 5.11. Control by Controlling Class. If the Indenture Trustee is
the Controlling Party, the Holders of a majority of the Outstanding Amount of
the Controlling Class shall have the right to direct the time, method and
place of conducting any Proceeding for any remedy available to the Indenture
Trustee with respect to the Notes or exercising any trust or power conferred
on the Indenture Trustee; provided that:

               (i) such direction shall not be in conflict with any rule of
law or with this Indenture;

               (ii) subject to the express terms of Section 5.04, any
direction to the Indenture Trustee to sell or liquidate the Trust Estate shall
be by Holders of Notes representing not less than 100% of the Outstanding
Amount of the Controlling Class;

               (iii) if the conditions set forth in Section 5.05 have been
satisfied and the Indenture Trustee elects to retain the Trust Estate pursuant
to such Section, then any written direction to the Indenture Trustee by
Holders of Notes representing less than 100% of the Outstanding Amount of the
Controlling Class to sell or liquidate the Trust Estate shall be of no force
and effect; and

               (iv) the Indenture Trustee may take any other action deemed
proper by the Indenture Trustee that is not inconsistent with such direction.

Notwithstanding the rights of Noteholders set forth in this Section, subject
to Section 6.01, the Indenture Trustee need not take any action that it
determines might involve it in liability or might materially adversely affect
the rights of any Noteholders not consenting to such action.

                                      37
<PAGE>

      Section 5.12. Waiver of Past Defaults. Prior to the declaration of the
acceleration of the maturity of the Notes as provided in Section 5.02, the
Holders of Notes of not less than a majority of the Outstanding Amount of the
Controlling Class may, waive any past Default or Event of Default and its
consequences except a Default (a) in payment of principal of or interest on
any of the Notes or (b) in respect of a covenant or provision hereof that
cannot be modified or amended without the consent of the Holder of each Note.
In the case of any such waiver, the Issuer, the Indenture Trustee and the
Holders of the Notes shall be restored to their former positions and rights
hereunder, respectively; but no such waiver shall extend to any subsequent or
other Default or impair any right consequent thereto.

      Upon any such waiver, such Default shall cease to exist and be deemed to
have been cured and not to have occurred, and any Event of Default arising
therefrom shall be deemed to have been cured and not to have occurred, for
every purpose of this Indenture; but no such waiver shall extend to any
subsequent or other Default or Event of Default or impair any right consequent
thereto.

      Section 5.13. Undertaking for Costs. All parties to this Indenture
agree, and each Holder of a Note by such Holder's acceptance thereof shall be
deemed to have agreed, that any court may in its discretion require, in any
suit for the enforcement of any right or remedy under this Indenture, or in
any suit against the Indenture Trustee for any action taken, suffered or
omitted by it as Indenture Trustee, the filing by any party litigant in such
suit of an undertaking to pay the costs of such suit, and that such court may
in its discretion assess reasonable costs, including reasonable attorneys'
fees, against any party litigant in such suit, having due regard to the merits
and good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to (a) any suit instituted by the
Indenture Trustee, (b) any suit instituted by any Noteholder, or group of
Noteholders, in each case holding in the aggregate more than 10% of the
Outstanding Amount of the Notes (or, in the case of a right or remedy under
this Indenture which is instituted by the Controlling Class, more than 10% of
the Controlling Class) or (c) any suit instituted by any Noteholder for the
enforcement of the payment of principal of or interest on any Note on or after
the respective due dates expressed in such Note and in this Indenture (or, in
the case of redemption, on or after the Redemption Date).

      Section 5.14. Waiver of Stay or Extension Laws. The Issuer covenants (to
the extent that it may lawfully do so) that it will not at any time insist
upon, or plead or in any manner whatsoever claim or take the benefit or
advantage of, any stay or extension law wherever enacted, now or at any time
hereafter in force, that may affect the covenants or the performance of this
Indenture; and the Issuer (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law, and covenants that
it will not hinder, delay or impede the execution of any power herein granted
to the Indenture Trustee, but will suffer and permit the execution of every
such power as though no such law had been enacted.

      Section 5.15. Action on Notes. The Indenture Trustee's right to seek and
recover judgment on the Notes or under this Indenture shall not be affected by
the seeking, obtaining or application of any other relief under or with
respect to this Indenture. Neither the lien of this Indenture nor any rights
or remedies of the Indenture Trustee or the Noteholders shall be impaired by
the recovery of any judgment by the Indenture Trustee against the Issuer or by
the levy of any execution under such judgment upon any portion of the Trust
Estate or upon any of

                                      38
<PAGE>

the assets of the Issuer. Any money or property collected by the Indenture
Trustee shall be applied in accordance with Section 5.04(b).

      Section 5.16. Performance and Enforcement of Certain Obligations.

            (a) Promptly following a request from the Indenture Trustee to do
so, the Issuer shall take all such lawful action as the Indenture Trustee may
request to compel or secure the performance and observance by the Seller, the
Originators or the Servicer, as applicable, of each of their obligations to
the Issuer under or in connection with the Sale and Servicing Agreement or the
Receivables Purchase Agreement, as applicable, and to exercise any and all
rights, remedies, powers and privileges lawfully available to the Issuer under
or in connection with the Sale and Servicing Agreement or the Receivables
Purchase Agreement to the extent and in the manner directed by the Indenture
Trustee, including the transmission of notices of default on the part of the
Seller, the Originators or the Servicer thereunder and the institution of
legal or administrative actions or proceedings to compel or secure performance
by the Seller, or the Originators or the Servicer of each of their obligations
under the Sale and Servicing Agreement or the Receivables Purchase Agreement;
provided, however, nothing herein shall in any way impose on the Indenture
Trustee the duty to monitor the performance of the Seller, the Originators or
the Servicer of any of their liabilities, duties or obligations under any
Basic Document.

            (b) If an Event of Default has occurred, the Indenture Trustee
may, and at the direction (which direction shall be in writing) of the Holders
of not less than a majority of the Outstanding Amount of the Controlling Class
shall, exercise all rights, remedies, powers, privileges and claims of the
Issuer against the Seller or the Servicer under or in connection with the Sale
and Servicing Agreement and the Receivables Purchase Agreement including the
right or power to take any action to compel or secure performance or
observance by the Seller or the Servicer, as the case may be, of each of their
obligations to the Issuer thereunder and to give any consent, request, notice,
direction, approval, extension or waiver under the Sale and Servicing
Agreement and the Receivables Purchase Agreement, as the case may be, and any
right of the Issuer to take such action shall be suspended.

                                      39
<PAGE>

                                  ARTICLE VI.

                             THE INDENTURE TRUSTEE

      Section 6.01. Duties of Indenture Trustee.

            (a) If an Event of Default has occurred and is continuing of which
a Responsible Officer of the Indenture Trustee has actual knowledge, the
Indenture Trustee shall exercise the rights and powers vested in it by this
Indenture and use the same degree of care and skill in their exercise as a
prudent person would exercise or use under the circumstances in the conduct of
such person's own affairs.

            (b) Except during the continuance of an Event of Default:

               (i) the Indenture Trustee undertakes to perform such duties and
only such duties as are specifically set forth in this Indenture and no
implied covenants or obligations shall be read into this Indenture against the
Indenture Trustee; and

               (ii) in the absence of bad faith or negligence on its part, the
Indenture Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon the face value of the
certificates, reports, resolutions, documents, orders, opinions or other
instruments furnished to the Indenture Trustee and conforming to the
requirements of this Indenture; provided, however, that the Indenture Trustee
shall not be responsible for the accuracy or content of any such resolution,
certificate, statement, opinion, report, document, order or other instrument;
however, the Indenture Trustee shall examine the certificates and opinions to
determine whether or not they conform to the requirements of this Indenture.
If any such instrument is found not to conform in any material respect to the
requirements of this Agreement, the Indenture Trustee shall notify the
Noteholders of such instrument in the event that the Indenture Trustee, after
so requesting, does not receive a satisfactorily corrected instrument.

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

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

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

               (iii) the Indenture Trustee shall not be liable with respect to
any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to the terms of this Indenture or any other
Basic Document.

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

                                      40
<PAGE>

            (e) The Indenture Trustee shall not be liable for indebtedness
evidenced by or arising under any of the Basic Documents, including principal
of or interest on the Notes, or interest on any money received by it except as
the Indenture Trustee may agree in writing with the Issuer.

            (f) Money held in trust by the Indenture Trustee need not be
segregated from other funds except to the extent required by law or the terms
of this Indenture or the Sale and Servicing Agreement.

            (g) No provision of this Indenture shall require the Indenture
Trustee to advance, expend or risk its own funds or otherwise incur financial
liability in the performance of any of its duties hereunder or in the exercise
of any of its rights or powers, if it shall have reasonable grounds to believe
that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it.

            (h) Every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Indenture Trustee
shall be subject to the provisions of this Section and to the provisions of
the TIA.

            (i) In no event shall the Indenture Trustee be required to
perform, or be responsible for the manner of performance of, any of the
obligations of the Servicer or any other party under the Sale and Servicing
Agreement.

            (j) The Indenture Trustee shall have no duty (A) to see to any
recording, filing, or depositing of this Indenture or any agreement referred
to herein or any financing statement or continuation statement evidencing a
security interest, or to see to the maintenance of any such recording or
filing or depositing or to any rerecording, refiling or redepositing of any
thereof, (B) to see to any insurance, or (C) to see to the payment or
discharge of any tax, assessment, or other governmental charge or any lien or
encumbrance of any kind owing with respect to, assessed or levied against, any
part of the Trust Fund.

      For purposes of this Section 6.01 and Section 8.03(c), the Indenture
Trustee, or a Responsible Officer thereof, shall be charged with actual
knowledge of any default or an Event of Default if a Responsible Officer
actually knows of such default or Event of Default or the Indenture Trustee
receives written notice of such default or Event of Default from the Issuer,
the Servicer or Noteholders owning Notes aggregating not less than 10% of the
Outstanding Amount of the Notes. Notwithstanding the foregoing, the Indenture
Trustee shall not be required to take notice and in the absence of such actual
notice and knowledge, the Indenture Trustee may conclusively assume that there
is no such default or Event of Default.

      Section 6.02. Rights of Indenture Trustee.

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

            (b) Before the Indenture Trustee acts or refrains from acting, it
may require an Officer's Certificate or an Opinion of Counsel from the
appropriate party. The Indenture Trustee

                                      41
<PAGE>

shall not be liable for any action it takes or omits to take in good faith in
reliance on an Officer's Certificate or Opinion of Counsel from the
appropriate party. The right of the Indenture Trustee to perform any
discretionary act enumerated in this Indenture or in any Basic Document shall
not be construed as a duty of the Indenture Trustee and the Indenture Trustee
shall not be answerable for other than its negligence or willful misconduct in
the performance of such discretionary act.

            (c) The Indenture Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through
agents or attorneys or a custodian or nominee and the Indenture Trustee shall
not be responsible for any misconduct or negligence on the part of any such
agent, attorney or custodian appointed by the Indenture Trustee with due care.

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

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

            (f) In the event that the Indenture Trustee is also acting as
Paying Agent, Note Registrar or collateral agent, the rights and protections
afforded to the Indenture Trustee pursuant to this Article 6 shall be afforded
to such Paying Agent, Note Registrar or collateral agent.

            (g) The Bond Administrator shall be afforded the rights and
protections afforded to the Indenture Trustee pursuant to this Article 6 and
in the event that the Bond Administrator is also acting as Paying Agent, Note
Registrar or collateral agent, the rights and protections afforded to the
Indenture Trustee pursuant to Article 6 shall be afforded to such Paying
Agent, Note Registrar or collateral agent.

            (h) The Indenture Trustee shall be under no obligation to exercise
any of the trusts or powers vested in it by this Indenture or to institute,
conduct or defend any litigation hereunder or in relation hereto at the
request, order or direction of any of the Noteholders, pursuant to the
provisions of this Indenture, unless such Noteholders shall have offered to
the Indenture Trustee security or indemnity satisfactory to it against the
costs, expenses and liabilities which may be incurred therein or thereby.

            (i) The right of the Indenture Trustee to perform any
discretionary act enumerated in this Indenture shall not be construed as a
duty, and the Indenture Trustee shall not be answerable for other than its
negligence or willful misconduct in the performance of such act.

            (j) The Indenture Trustee shall not be required to give any bond
or surety in respect of the powers granted hereunder.

      Section 6.03. Individual Rights of Indenture Trustee. The Indenture
Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise

                                      42
<PAGE>

deal with the Issuer or its Affiliates with the same rights it would have if
it were not Indenture Trustee. Any Paying Agent, Note Registrar, co-registrar
or co-paying agent may do the same with like rights. However, the Indenture
Trustee must comply with Sections 6.11 and 6.12.

      Section 6.04. Indenture Trustee's Disclaimer. The Indenture Trustee
shall not be responsible for and makes no representation as to the validity or
adequacy of this Indenture, the Trust Estate or the Notes, it shall not be
accountable for the Issuer's use of the proceeds from the Notes, and it shall
not be responsible for any statement of the Issuer in the Indenture, any Basic
Document or in any document issued in connection with the sale of the Notes or
in the Notes other than the Indenture Trustee's certificate of authentication.

      Section 6.05. Notice of Defaults. If a Default occurs and is continuing
and if it is actually known to a Responsible Officer of the Indenture Trustee,
the Indenture Trustee shall mail to each Noteholder notice of the Default
within 30 days after it occurs. Except in the case of a Default in payment of
principal of or interest on any Note (including payments pursuant to the
mandatory redemption provisions of such Note), the Indenture Trustee may
withhold the notice to Noteholders if and so long as a committee of its
Responsible Officers in good faith determines that withholding the notice is
in the interests of Noteholders.

      Section 6.06. Reports by Indenture Trustee to Holders. The Indenture
Trustee shall deliver to each Noteholder such information as may be required
to enable such holder to prepare its federal and state income tax returns.

      Section 6.07. Compensation and Indemnity. The Issuer shall cause the
payment to be made to the Indenture Trustee from time to time reasonable
compensation for its services to the extent of and in the priority set forth
in Section 5.06(b) of the Sale and Servicing Agreement and as outlined in the
Fee Letter. The Indenture Trustee's compensation shall not be limited by any
law on compensation of a trustee of an express trust. The Issuer shall cause
reimbursement to be made to the Indenture Trustee for all reasonable
out-of-pocket expenses incurred or made by it, including costs of collection,
in addition to the compensation for its services out of the Trust to the
extent of and in accordance with the priority in Section 5.06(b) of the Sales
and Servicing Agreement. Such expenses shall include the reasonable
out-of-pocket compensation and expenses, disbursements and advances of the
Indenture Trustee's agents, counsel, accountants and experts. The Issuer shall
indemnify the Indenture Trustee against any and all loss, liability or expense
(including attorneys' fees and expenses) incurred by it in connection with the
administration of this trust and the performance of its duties hereunder or
under the Sale and Servicing Agreement out of the Trust to the extent of and
in accordance with the priority in Section 5.06(b) of the Sales and Servicing
Agreement. The Indenture Trustee shall notify the Issuer promptly of any claim
for which it may seek indemnity. Failure by the Indenture Trustee to so notify
the Issuer shall not relieve the Issuer of its obligations hereunder if no
prejudice to the Issuer shall have resulted from such failure. The Issuer will
not reimburse any expense or indemnify against any loss, liability or expense
incurred by the Indenture Trustee through the Indenture Trustee's own willful
misconduct, negligence or bad faith.

      The Issuer's payment obligations and indemnities to the Indenture
Trustee pursuant to this Section shall survive the discharge of this Indenture
or the earlier resignation or removal of the Indenture Trustee. When the
Indenture Trustee incurs expenses after the occurrence of a

                                      43
<PAGE>

Default specified in Section 5.01(iv) or (v) with respect to the Issuer, the
expenses are intended to constitute expenses of administration under Title 11
of the United States Code or any other applicable federal or state bankruptcy,
insolvency or similar law.

      Section 6.08. Replacement of Indenture Trustee. No resignation or
removal of the Indenture Trustee and no appointment of a successor Indenture
Trustee shall become effective until the acceptance of appointment by the
successor Indenture Trustee pursuant to this Section 6.08. The Indenture
Trustee may resign at any time by so notifying the Issuer and each Rating
Agency. The Holders of a majority in Outstanding Amount of the Controlling
Class may remove the Indenture Trustee by so notifying the Indenture Trustee
and may appoint a successor Indenture Trustee. The Issuer shall remove the
Indenture Trustee if:

               (i) the Indenture Trustee fails to comply with Section 6.11;

               (ii) the Indenture Trustee is adjudged a bankrupt or insolvent;

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

               (iv) the Indenture Trustee otherwise becomes incapable of
acting; or

               (v) the Indenture Trustee breaches any representation, warranty
or covenant made by it under any Basic Document.

If the Indenture Trustee resigns or is removed or if a vacancy exists in the
office of Indenture Trustee for any reason (the Indenture Trustee in such
event being referred to herein as the retiring Indenture Trustee), the Issuer
shall promptly appoint a successor Indenture Trustee.

      A successor Indenture Trustee shall deliver a written acceptance of its
appointment to the retiring Indenture Trustee and to the Issuer. Thereupon the
resignation or removal of the retiring Indenture Trustee shall become
effective, and the successor Indenture Trustee shall have all the rights,
powers and duties of the Indenture Trustee under this Indenture. The retiring
Indenture Trustee shall be paid all amounts owed to it upon its resignation or
removal. The successor Indenture Trustee shall mail a notice of its succession
to Noteholders. The retiring Indenture Trustee shall promptly transfer all
property held by it as Indenture Trustee to the successor Indenture Trustee.
The retiring Indenture Trustee shall not be liable for the acts or omissions
of any Successor Indenture Trustee.

      If a successor Indenture Trustee does not take office within 60 days
after the retiring Indenture Trustee resigns or is removed, the retiring
Indenture Trustee, the Issuer or the Holders of a majority in Outstanding
Amount of the Controlling Class may petition any court of competent
jurisdiction for the appointment of a successor Indenture Trustee.

      If the Indenture Trustee fails to comply with Section 6.11, any
Noteholder may petition any court of competent jurisdiction for the removal of
the Indenture Trustee and the appointment of a successor Indenture Trustee.

                                      44
<PAGE>

      Notwithstanding the replacement of the Indenture Trustee pursuant to
this Section, the Issuer's and the Trust Administrator's obligations under
Section 6.07 shall continue for the benefit of the retiring Indenture Trustee.

      Section 6.09. Successor Indenture Trustee by Merger. If the Indenture
Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another
corporation or banking association, the resulting, surviving or transferee
corporation without any further act shall be the successor Indenture Trustee;
provided, that such corporation or banking association shall be qualified and
eligible under Section 6.11.

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

      Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture
Trustee.

            (a) Notwithstanding any other provisions of this Indenture, at any
time, for the purpose of meeting any legal requirement of any jurisdiction in
which any part of the Trust Estate may at the time be located, the Indenture
Trustee shall have the power and may execute and deliver all instruments to
appoint one or more Persons to act as a co-trustee or co-trustees, or separate
trustee or separate trustees, of all or any part of the Trust, and to vest in
such Person or Persons, in such capacity and for the benefit of the
Noteholders, such title to the Trust Estate, or any part thereof, and, subject
to the other provisions of this Section, such powers, duties, obligations,
rights and trusts as the Indenture Trustee may consider necessary or
desirable. No co-trustee or separate trustee hereunder shall be required to
meet the terms of eligibility as a successor trustee under Section 6.11 and no
notice to Noteholders of the appointment of any co-trustee or separate trustee
shall be required under Section 6.08 hereof.

            (b) Every separate trustee and co-trustee shall, to the extent
permitted by law, be appointed and act subject to the following provisions and
conditions:

               (i) all rights, powers, duties and obligations conferred or
imposed upon the Indenture Trustee shall be conferred or imposed upon and
exercised or performed by the Indenture Trustee and such separate trustee or
co-trustee jointly (it being understood that such separate trustee or
co-trustee is not authorized to act separately without the Indenture Trustee
joining in such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be performed the
Indenture Trustee shall be incompetent or unqualified to perform such act or
acts, in which event such rights, powers, duties and obligations (including
the holding of title to the Trust Estate or any portion thereof in any such
jurisdiction) shall be exercised and performed singly by such separate trustee
or co-trustee, but solely at the direction of the Indenture Trustee;

                                      45
<PAGE>

               (ii) no trustee hereunder shall be personally liable by reason
of any act or omission of any other trustee hereunder; and

               (iii) the Indenture Trustee may at any time accept the
resignation of or remove any separate trustee or co-trustee.

            (c) Any notice, request or other writing given to the Indenture
Trustee shall be deemed to have been given to each of the then separate
trustees and co-trustees, as effectively as if given to each of them. Every
instrument appointing any separate trustee or co-trustee shall refer to this
Agreement and the conditions of this Article VI. Each separate trustee and
co-trustee, upon its acceptance of the trusts conferred, shall be vested with
the estates or property specified in its instrument of appointment, either
jointly with the Indenture Trustee or separately, as may be provided therein,
subject to all the provisions of this Indenture, specifically including every
provision of this Indenture relating to the conduct of, affecting the
liability of, or affording protection to, the Indenture Trustee. Every such
instrument shall be filed with the Indenture Trustee.

            (d) Any separate trustee or co-trustee may at any time constitute
the Indenture Trustee, its agent or attorney-in-fact with full power and
authority, to the extent not prohibited by law, to do any lawful act under or
in respect of this Agreement on its behalf and in its name. If any separate
trustee or co-trustee shall die, become incapable of acting, resign or be
removed, all of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Indenture Trustee, to the extent permitted by
law, without the appointment of a new or successor trustee.

      Section 6.11. Eligibility; Disqualification. (a) The Indenture Trustee
shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture
Trustee shall have a combined capital and surplus of at least $50,000,000 as
set forth in its most recent published annual report of condition, and the
time deposits of the Indenture Trustee shall be rated at least A-1 by Standard
& Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss.
310(b), including the optional provision permitted by the second sentence of
TIA ss. 310(b)(9); provided, however, that there shall be excluded from the
operation of TIA ss. 310(b)(1) any indenture or indentures under which other
securities of the Issuer are outstanding if the requirements for such
exclusion set forth in TIA ss. 310(b)(1) are met.

            (b) Within ninety (90) days after ascertaining the occurrence of
an Event of Default which shall not have been cured or waived, unless
authorized by the Commission, the Indenture Trustee shall resign with respect
to the Class A Notes and/or the Class B Notes in accordance with Section 6.08
of this Indenture, and the Issuer shall appoint a successor Indenture Trustee
for one or both of such Classes, as applicable, so that there will be separate
Indenture Trustees for the Class A Notes and the Class B Notes. In the event
the Indenture Trustee fails to comply with the terms of the preceding
sentence, the Indenture Trustee shall comply with clauses (ii) and (iii) of
TIA Section 310(b).

            (c) In the case of the appointment hereunder of a successor
Indenture Trustee with respect to any Class of Notes pursuant to this Section
6.11, the Issuer, the retiring Indenture Trustee and the successor Indenture
Trustee with respect to such Class of Notes shall execute

                                      46
<PAGE>

and deliver an indenture supplemental hereto wherein each successor Indenture
Trustee shall accept such appointment and which (i) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and
to vest in, the successor Indenture Trustee all the rights, powers, trusts and
duties of the retiring Indenture Trustee with respect to the Notes of the
Class to which the appointment of such successor Indenture Trustee relates,
(ii) if the retiring Indenture Trustee is not retiring with respect to all
Classes of Notes, shall contain such provisions as shall be deemed necessary
or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Indenture Trustee with respect to the Notes of each Class as to which
the retiring Indenture Trustee is not retiring shall continue to be vested in
the Indenture Trustee and (iii) shall add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Indenture Trustee, it
being understood that nothing herein or in such supplemental indenture shall
constitute such Indenture Trustees co-trustees of the same trust and that each
such Indenture Trustee shall be a trustee of a trust or trusts hereunder
separate and apart from any trust or trusts hereunder administered by any
other such Indenture Trustee; and upon the removal of the retiring Indenture
Trustee shall become effective to the extent provided herein.

      Section 6.12. Preferential Collection of Claims Against Issuer. The
Indenture Trustee shall comply with TIA ss. 311(a), excluding any creditor
relationship listed in TIA ss. 311(b). An Indenture Trustee who has resigned
or been removed shall be subject to TIA ss. 311(a) to the extent indicated.

      Section 6.13. Waiver of Setoffs. The Indenture Trustee hereby expressly
waives any and all rights of setoff that the Indenture Trustee may otherwise
at any time have under applicable law with respect to any Trust Account and
agrees that amounts in the Trust Accounts shall at all times be held and
applied solely in accordance with the provisions hereof and of the other Basic
Documents.

                                      47
<PAGE>

                                 ARTICLE VII.

                        NOTEHOLDERS' LISTS AND REPORTS

      Section 7.01. Issuer To Furnish Bond Administrator Names and Addresses
of Noteholders. The Issuer will furnish or cause to be furnished to the Bond
Administrator (a) not more than five days after the earlier of (i) each Record
Date and (ii) three months after the last Record Date, a list, in such form as
the Bond Administrator may reasonably require, of the names and addresses of
the Holders of Notes as of such Record Date, and (b) at such other times as
the Bond Administrator may request in writing, within 30 days after receipt by
the Issuer of any such request, a list of similar form and content as of a
date not more than 10 days prior to the time such list is furnished; provided,
however, that so long as the Bond Administrator is the Note Registrar, no such
list shall be required to be furnished.

      Section 7.02. Preservation of Information; Communications to
Noteholders.

            (a) The Bond Administrator shall preserve, in as current a form as
is reasonably practicable, the names and addresses of the Holders of Notes
contained in the most recent list furnished to the Bond Administrator as
provided in Section 7.01 and the names and addresses of Holders of Notes
received by the Bond Administrator in its capacity as Note Registrar. The Bond
Administrator may destroy any list furnished to it as provided in such Section
7.01 upon receipt of a new list so furnished. The Bond Administrator shall
make such list available to the Owner Trustee on written request, and to the
Noteholders upon written request of three or more Noteholders or one or more
Noteholders evidencing not less than 25% of the Outstanding Amount of the
Notes.

            (b) Noteholders may communicate pursuant to TIA ss. 312(b) with
other Noteholders with respect to their rights under this Indenture or under
the Notes.

            (c) The Issuer, the Indenture Trustee and the Note Registrar shall
have the protection of TIA ss. 312(c).

      Section 7.03. Reports by Issuer.

            (a) The Issuer shall:

               (i) file with the Indenture Trustee, within 15 days after the
Issuer is required (if at all) to file the same with the Commission, copies of
the annual reports and of the information, documents and other reports (or
copies of such portions of any of the foregoing as the Commission may from
time to time by rules and regulations prescribe) that the Issuer may be
required to file with the Commission pursuant to Section 13 or 15(d) of the
Exchange Act;

               (ii) file with the Indenture Trustee and the Commission in
accordance with rules and regulations prescribed from time to time by the
Commission such additional information, documents and reports with respect to
compliance by the Issuer with the conditions and covenants of this Indenture
as may be required from time to time by such rules and regulations; and

                                      48
<PAGE>

               (iii) supply to the Indenture Trustee (and the Indenture
Trustee shall transmit by mail to all Noteholders described in TIA ss. 313(c))
such summaries of any information, documents and reports required to be filed
by the Issuer pursuant to clauses (i) and (ii) of this Section 7.03(a) and by
rules and regulations prescribed from time to time by the Commission.

            (b) Unless the Issuer otherwise determines, the fiscal year of the
Issuer shall end on December 31 of each year.

      Section 7.04. Reports by Indenture Trustee. If required by TIA ss.
313(a), within 60 days after each March 31 beginning with March 31, 2002, the
Indenture Trustee shall mail to each Noteholder as required by TIA ss. 313(c)
a brief report dated as of such date that complies with TIA ss. 313(a). The
Indenture Trustee also shall comply with TIA ss. 313(b).

      A copy of each report at the time of its mailing to Noteholders shall be
filed by the Indenture Trustee with the Commission so long as such filings are
required by law or by rules or regulations promulgated by the Commission. The
Issuer shall notify the Indenture Trustee if and when the Notes are listed on
any stock exchange.

                                      49
<PAGE>

                                 ARTICLE VIII.

                     ACCOUNTS, DISBURSEMENTS AND RELEASES

      Section 8.01. Collection of Money. Except as otherwise expressly
provided herein, the Indenture Trustee may demand payment or delivery of, and
shall receive and collect, directly and without intervention or assistance of
any fiscal agent or other intermediary, all money and other property payable
to or receivable by the Indenture Trustee pursuant to this Indenture. The
Indenture Trustee shall apply all such money received by it as provided in
this Indenture. Except as otherwise expressly provided in this Indenture, if
any default occurs in the making of any payment or performance under any
agreement or instrument that is part of the Trust Estate, the Indenture
Trustee may take such action as may be appropriate to enforce such payment or
performance, including the institution and prosecution of appropriate
Proceedings. Any such action shall be without prejudice to any right to claim
a Default or Event of Default under this Indenture and any right to proceed
thereafter as provided in Article V.

      Section 8.02. Distributions.

      On each Distribution Date and Redemption Date, the Paying Agent shall
distribute all amounts on deposit in the Note Interest Distribution Account
and the Principal Distribution Account to the Noteholders in respect of the
Notes to the extent of amounts due and unpaid on the Notes for principal and
interest, respectively (including any premium) in the following amounts and in
the following order of priority (except as otherwise provided in Section
5.04(b) of the Sale and Servicing Agreement):

               (i) from the Note Interest Distribution Account, accrued and
unpaid interest on the Class A Notes; provided, that if there are not
sufficient funds allocated in the Collection Account for distribution to the
Class A Noteholders to pay the entire amount of accrued and unpaid interest
then due on the Class A Notes, the amount on deposit in the Note Interest
Distribution Account shall be applied to the payment of such interest on the
Class A Notes pro rata on the basis of the total such interest due on the
Class A Notes; and

               (ii) from the Principal Distribution Account, the First
Allocation of Principal, if any, in the following order of priority:

               (1) to the Holders of the Class A-1 Notes on account of
                  principal until the Outstanding Amount of the Class A-1
                  Notes is reduced to zero;

               (2) to the Holders of the Class A-2 Notes on account of
                  principal until the Outstanding Amount of the Class A-2
                  Notes is reduced to zero;

               (3) to the Holders of the Class A-3 Notes on account of
                  principal until the Outstanding Amount of the Class A-3
                  Notes is reduced to zero;

               (4) to the Holders of the Class A-4 Notes on account of
                  principal until the Outstanding Amount of the Class A-4
                  Notes is reduced to zero; and

                                      50
<PAGE>

               (5) to the Holders of the Class A-5 Notes on account of
                  principal until the Outstanding Amount of the Class A-5
                  Notes is reduced to zero;

               (iii) from the Note Interest Distribution Account, accrued and
unpaid interest on the Class B Notes; provided, that if there are not
sufficient funds allocated in the Collection Account for distribution to the
Class B Noteholders to pay the entire amount of accrued and unpaid interest
then due on the Class B Notes, the amount on deposit in the Note Interest
Distribution Account shall be applied to the payment of such interest on the
Class B Notes pro rata on the basis of the total such interest due on the
Class B Notes;

               (iv) from the Principal Distribution Account, the Second
Allocation of Principal, if any, to the Holders of the Class B Notes on
account of principal until the Outstanding Amount of the Class B Notes is
reduced to zero;

               (v) from the Note Interest Distribution Account, accrued and
unpaid interest on the Class C Notes; provided, that if there are not
sufficient funds allocated in the Collection Account for distribution to the
Class C Noteholders to pay the entire amount of accrued and unpaid interest
then due on the Class C Notes, the amount on deposit in the Note Interest
Distribution Account shall be applied to the payment of such interest on the
Class C Notes pro rata on the basis of the total such interest due on the
Class C Notes;

               (vi) from the Principal Distribution Account, the Third
Allocation of Principal, if any, to the Holders of the Class C Notes on
account of principal until the Outstanding Amount of the Class C Notes is
reduced to zero;

               (vii) from the Note Interest Distribution Account, accrued and
unpaid interest on the Class D Notes; provided, that if there are not
sufficient funds allocated in the Collection Account for distribution to the
Class D Noteholders to pay the entire amount of accrued and unpaid interest
then due on the Class D Notes, the amount on deposit in the Note Interest
Distribution Account shall be applied to the payment of such interest on the
Class D Notes pro rata on the basis of the total such interest due on the
Class D Notes; and

               (viii) from the Principal Distribution Account, the Regular
Principal Distributable Amount, if any, in the following order of priority:

               (1) to the Class A-1 Noteholders in reduction of principal
                  until the principal balance of the Class A-1 Notes has been
                  reduced to zero;

               (2) to the Class A-2 Noteholders in reduction of principal
                  until the principal balance of the Class A-2 Notes has been
                  reduced to zero;

               (3) to the Class A-3 Noteholders in reduction of principal
                  until the principal balance of the Class A-3 Notes has been
                  reduced to zero;

               (4) to the Class A-4 Noteholders in reduction of principal
                  until the principal balance of the Class A-4 Notes has been
                  reduced to zero;

                                      51
<PAGE>

               (5) to the Class A-5 Noteholders in reduction of principal
                  until the principal balance of the Class A-5 Notes has been
                  reduced to zero;

               (6) to the Class B Noteholders in reduction of principal until
                  the principal balance of the Class B Notes has been reduced
                  to zero;

               (7) to the Class C Noteholders in reduction of principal until
                  the principal balance of the Class C Notes has been reduced
                  to zero; and

               (8) to the Class D Noteholders in reduction of principal until
                  the principal balance of the Class D Notes has been reduced
                  to zero.

      After making the distributions from the Collection Account to the Note
Interest Distribution Account and the Principal Distribution Account and
subject to Section 8.04, the Bond Administrator shall make the distributions
from the Collection Account and the Principal Distribution Account, as
applicable, if any, to the Servicer, CITSF, the Indenture Trustee, the Owner
Trustee, the Bond Administrator, the Back-up Servicer and the Certificate
Distribution Account called for pursuant to Sections 5.06(b)(xiii) and (xiv)
of the Sale and Servicing Agreement; provided that if the Owner Trustee has
removed the Bond Administrator as the paying agent for the Issuer, the Bond
Administrator shall distribute such amounts to the paying agent for the Issuer
as instructed by the Owner Trustee.

Notwithstanding any other provision of this Article VIII, and subject to
Section 5.04(b), (A) following the occurrence and during the continuation of
an Event of Default specified in Section 5.01(i), 5.01(ii), 5.01(iv) or
5.01(v) which has resulted in an acceleration of the Notes (or following the
occurrence of any such event after an Event of Default specified in Section
5.01(iii) has occurred and the Notes have been accelerated), the Servicer
shall instruct the Bond Administrator to transfer the funds on deposit in the
Collection Account remaining after the application of clause (i) above to the
Principal Distribution Account to the extent necessary to reduce the principal
amount of all the Class A Notes to zero, (B) following the occurrence and
during the continuation of an Event of Default specified in Section 5.01(iii),
which has resulted in an acceleration of the Notes, the Servicer shall
instruct the Indenture Trustee to transfer the funds on deposit in the
Collection Account remaining after the application of clauses (i), (ii) and
(iii) above to the Principal Distribution Account to the extent necessary to
reduce the principal amount of all the Notes to zero, and (C) in the case of
an event described in clause (A) or (B), the Certificateholders will not
receive any distributions of principal or interest until the principal amount
and accrued interest on all the Notes has been paid in full.

      Section 8.03. General Provisions Regarding Accounts. The Bond
Administrator shall not in any way be held liable by reason of any
insufficiency in any of the Trust Accounts resulting from any loss on any
Eligible Investment included therein except for losses attributable to the
Bond Administrator's failure to make payments on such Eligible Investments
issued by the Bond Administrator, in its commercial capacity as principal
obligor and not as trustee, in accordance with their terms.

                                      52
<PAGE>

      Section 8.04. Release of Trust Estate.

            (a) Subject to the payment of its fees and expenses pursuant to
Section 6.07, the Indenture Trustee may, and when required by the provisions
of this Indenture shall, execute instruments to release property from the lien
of this Indenture, or convey the Indenture Trustee's interest in the same, in
a manner and under circumstances that are not inconsistent with the provisions
of this Indenture. No party relying upon an instrument executed by the
Indenture Trustee as provided in this Article VIII shall be bound to ascertain
the Indenture Trustee's authority, inquire into the satisfaction of any
conditions precedent or see to the application of any moneys.

            (b) The Indenture Trustee shall, at such time as there are no
Notes Outstanding and all sums due the Indenture Trustee pursuant to Section
6.07 have been paid in full, release any remaining portion of the Trust Estate
that secured the Notes from the lien of this Indenture and release to the
Issuer or any other Person entitled thereto any funds then on deposit in the
Trust Accounts. The Indenture Trustee shall release property from the lien of
this Indenture pursuant to this Section 8.04(b) only upon receipt by it of an
Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel
and (if required by the TIA) Independent Certificates in accordance with TIA
ss.ss. 314(c) and 314(d)(1) meeting the applicable requirements of Section
11.01.

            (c) The Issuer agrees, upon request by the Servicer and
representation by the Servicer that it has complied with the procedure in
Section 9.01 of the Sale and Servicing Agreement, to render the Issuer Request
to the Indenture Trustee in accordance with Section 4.04, and take such other
actions as are required in that Section.

      Section 8.05. Opinion of Counsel. The Indenture Trustee shall receive at
least seven days prior written notice when requested by the Issuer to take any
action pursuant to Section 8.04(b), accompanied by copies of any instruments
involved, and the Indenture Trustee shall also require, as a condition to such
action, an Opinion of Counsel, in form and substance satisfactory to the
Indenture Trustee, stating the legal effect of any such action, outlining the
steps required to complete the same, and concluding that all conditions
precedent to the taking of such action have been complied with and such action
will not materially and adversely impair the security for the Notes or the
rights of the Noteholders in contravention of the provisions of this
Indenture; provided, however, that such Opinion of Counsel shall not be
required to express an opinion as to the fair value of the Trust Estate.
Counsel rendering any such opinion may rely, without independent
investigation, on the accuracy and validity of any certificate or other
instrument delivered to the Indenture Trustee in connection with any such
action.

                                      53
<PAGE>

                                  ARTICLE IX.

                            SUPPLEMENTAL INDENTURES

      Section 9.01. Supplemental Indentures Without Consent of Noteholders.

            (a) Without the consent of the Holders of any Notes but with prior
written notice to the Rating Agencies (with copy to the Indenture Trustee),
the Issuer, the Bond Administrator and the Indenture Trustee, when authorized
by an Issuer Order, at any time and from time to time, may enter into one or
more supplemental indentures hereto (which shall conform to the provisions of
the Trust Indenture Act as in force at the date of the execution thereof), in
form satisfactory to the Indenture Trustee and the Bond Administrator, for any
of the following purposes:

               (i) to correct or amplify the description of any property at
any time subject to the lien of this Indenture, or better to assure, convey
and confirm unto the Indenture Trustee any property subject or required to be
subjected to the lien of this Indenture, or to subject to the lien of this
Indenture additional property;

               (ii) to evidence the succession, in compliance with the
applicable provisions hereof, of another person to the Issuer, and the
assumption by any such successor of the covenants of the Issuer herein and in
the Notes contained;

               (iii) to add to the covenants of the Issuer, for the benefit of
the Holders of the Notes, or to surrender any right or power herein conferred
upon the Issuer;

               (iv) to convey, transfer, assign, mortgage or pledge any
property to or with the Indenture Trustee;

               (v) to cure any ambiguity, to correct or supplement any
provision herein or in any supplemental indenture that may be inconsistent
with any other provision herein or in any supplemental indenture or to make
any other provisions with respect to matters or questions arising under this
Indenture or in any supplemental indenture; provided, that such action shall
not adversely affect the interests of the Holders of the Notes;

               (vi) to evidence and provide for the acceptance of the
appointment hereunder by a successor trustee with respect to the Notes and to
add to or change any of the provisions of this Indenture as shall be necessary
to facilitate the administration of the trusts hereunder by more than one
trustee, pursuant to the requirements of Article VI; or

               (vii) to modify, eliminate or add to the provisions of this
Indenture to such extent as shall be necessary to effect the qualification of
this Indenture under the TIA or under any similar federal statute hereafter
enacted and to add to this Indenture such other provisions as may be expressly
required by the TIA.

Each of the Bond Administrator and the Indenture Trustee is hereby authorized
to join in the execution of any such supplemental indenture and to make any
further appropriate agreements and stipulations that may be therein contained.

                                      54
<PAGE>

            (b) The Issuer, the Bond Administrator and the Indenture Trustee,
when authorized by an Issuer Order, may, also without the consent of any of
the Holders of the Notes but with prior notice to the Rating Agencies, enter
into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to, or changing in any manner or eliminating any of the
provisions of, this Indenture or of modifying in any manner the rights of the
Holders of the Notes under this Indenture; provided, however, that such action
shall not, as evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Noteholder; provided further, that such
action shall not be deemed to adversely affect in any material respect the
interests of any Noteholder and no Opinion of Counsel to that effect shall be
required if the person requesting such amendment obtains a letter from the
Rating Agencies stating that the amendment would not result in the downgrading
or withdrawal of the ratings then assigned to the Notes.

      Section 9.02. Supplemental Indentures with Consent of Noteholders. The
Issuer, the Bond Administrator and the Indenture Trustee, when authorized by
an Issuer Order, also may, with prior notice to the Rating Agencies and with
the consent of the Holders of not less than a majority of the Outstanding
Amount of the Notes, by Act of such Holders delivered to the Issuer, the Bond
Administrator and the Indenture Trustee, enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to, or changing
in any manner or eliminating any of the provisions of, this Indenture or of
modifying in any manner the rights of the Holders of the Notes under this
Indenture; provided, however, that no such supplemental indenture shall,
without the consent of the Holder of each Outstanding Note affected thereby:

               (i) change the date of payment of any installment of principal
of or interest on any Note, or reduce the principal amount thereof, the
interest rate thereon or the Redemption Price with respect thereto, change the
provisions of this Indenture relating to the application of collections on, or
the proceeds of the sale of, the Trust Estate to payment of principal of or
interest on the Notes, or change any place of payment where, or the coin or
currency in which, any Note or the interest thereon is payable, or impair the
right to institute suit for the enforcement of the provisions of this
Indenture requiring the application of funds available therefor, as provided
in Article V, to the payment of any such amount due on the Notes on or after
the respective due dates thereof (or, in the case of redemption, on or after
the Redemption Date);

               (ii) reduce the percentage of the Outstanding Amount of the
Notes or of the Controlling Class, the consent of the Holders of which is
required for any such supplemental indenture, or the consent of the Holders of
which is required for any waiver of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences provided for in
this Indenture;

               (iii) modify or alter (x) the provisions of the proviso to the
definition of the term "Outstanding" or (y) the definition of "Controlling
Class";

               (iv) reduce the percentage of the Outstanding Amount of the
Notes or of the Controlling Class required to direct the Indenture Trustee or
Bond Administrator to direct the Issuer to sell or liquidate the Trust Estate
pursuant to Section 5.04;

                                      55
<PAGE>

               (v) modify any provision of this Section except to increase any
percentage specified herein or to provide that certain additional provisions
of this Indenture or the Basic Documents cannot be modified or waived without
the consent of the Holder of each Outstanding Note affected thereby;

               (vi) modify any of the provisions of this Indenture in such
manner as to affect the calculation of the amount of any payment of interest
or principal due on any Note on any Distribution Date (including the
calculation of any of the individual components of such calculation) or to
affect the rights of the Holders of Notes to the benefit of any provisions for
the mandatory redemption of the Notes contained herein; or

               (vii) permit the creation of any lien ranking prior to or on a
parity with the lien of this Indenture with respect to any part of the Trust
Estate or, except as otherwise permitted or contemplated herein, terminate the
lien of this Indenture on any property at any time subject hereto or deprive
the Holder of any Note of the security provided by the lien of this Indenture.

Either the Indenture Trustee or the Bond Administrator may in its discretion
or at the advice of counsel determine whether or not any Notes would be
affected by any supplemental indenture and any such determination shall be
conclusive upon the Holders of all Notes, whether theretofore or thereafter
authenticated and delivered hereunder. Neither the Indenture Trustee nor the
Bond Administrator shall be liable for any such determination made in good
faith.

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

      Promptly after the execution by the Issuer, the Bond Administrator and
the Indenture Trustee of any supplemental indenture pursuant to this Section,
the Bond Administrator shall mail to the Holders of the Notes to which such
amendment or supplemental indenture relates a notice setting forth in general
terms the substance of such supplemental indenture. Any failure of the Bond
Administrator to mail such notice, or any defect therein, shall not, however,
in any way impair or affect the validity of any such supplemental indenture.

      Section 9.03. Execution of Supplemental Indentures. In executing, or
permitting the additional trusts created by, any supplemental indenture
permitted by this Article IX or the modification thereby of the trusts created
by this Indenture, the Indenture Trustee shall be entitled to receive, and
subject to Sections 6.01 and 6.02, shall be fully protected in relying upon,
an Opinion of Counsel stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture. The Indenture Trustee
and the Bond Administrator may, but shall not be obligated to, enter into any
such supplemental indenture that affects the Indenture Trustee's or the Bond
Administrator's own rights, duties, liabilities or immunities under this
Indenture or otherwise. The Trust Administrator shall provide a fully executed
copy of any supplemental indentures to this Indenture to each Rating Agency.

      Section 9.04. Effect of Supplemental Indenture. Upon the execution of
any supplemental indenture pursuant to the provisions hereof, this Indenture
shall be and shall be deemed to be modified and amended in accordance
therewith with respect to the Notes affected

                                      56
<PAGE>

thereby, and the respective rights, limitations of rights, obligations,
duties, liabilities and immunities under this Indenture of the Indenture
Trustee, the Bond Administrator, the Paying Agent, the Note Registrar, the
Issuer and the Holders of the Notes shall thereafter be determined, exercised
and enforced hereunder subject in all respects to such modifications and
amendments, and all the terms and conditions of any such supplemental
indenture shall be and be deemed to be part of the terms and conditions of
this Indenture for any and all purposes.

      Section 9.05. Reference in Notes to Supplemental Indentures. Notes
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article IX may, and if required by the Note Registrar shall,
bear a notation in form approved by the Note Registrar as to any matter
provided for in such supplemental indenture. If the Issuer or the Note
Registrar shall so determine, new Notes so modified as to conform, in the
opinion of the Note Registrar and the Issuer, to any such supplemental
indenture may be prepared and executed by the Issuer and authenticated and
delivered by the Note Registrar in exchange for Outstanding Notes.

      Section 9.06. Conformity with Trust Indenture Act. Every amendment of
this Indenture and every supplemental indenture executed pursuant to this
Article IX shall conform to the requirements of the Trust Indenture Act as
then in effect so long as this Indenture shall then be qualified under the
Trust Indenture Act.

                                      57
<PAGE>

                                  ARTICLE X.

                              REDEMPTION OF NOTES

      Section 10.01. Redemption. The Outstanding Notes are subject to
redemption in whole, but not in part, at the direction of the Servicer or,
under certain circumstances, the Certificateholder pursuant to Section 9.01 of
the Sale and Servicing Agreement, on any Distribution Date on which the
Servicer or the Certificateholder exercises its option to purchase the Trust
Estate pursuant to said Section 9.01, for a purchase price equal to the
Redemption Price; provided, that the Issuer has available funds sufficient to
pay the Redemption Price. The Servicer or the Issuer shall furnish the Rating
Agencies, the Bond Administrator and the Indenture Trustee notice of such
redemption. If the Outstanding Notes are to be redeemed pursuant to this
Section 10.01, the Servicer or the Certificateholder, as applicable, shall
furnish notice of such election to the Bond Administrator not later than 20
days prior to the Redemption Date and shall deposit the Business Day prior to
the Redemption Date with the Bond Administrator in the Note Interest
Distribution Account and the Principal Distribution Account, as applicable,
the Redemption Price of the Notes to be redeemed, whereupon all such
Outstanding Notes shall be due and payable on the Redemption Date upon the
furnishing of a notice complying with Section 10.02 to each Holder of the
Outstanding Notes.

      Section 10.02. Form of Redemption Notice. Notice of redemption under
Section 10.01 shall be given by the Bond Administrator by first-class mail,
postage prepaid, or by facsimile mailed or transmitted not later than 10 days
prior to the applicable Redemption Date to each Holder of Outstanding Notes,
as of the close of business on the Record Date preceding the applicable
Redemption Date, at such Holder's address or facsimile number appearing in the
Note Register.

      All notices of redemption shall state:

               (i) the Redemption Date;

               (ii) the Redemption Price;

               (iii) the place where such Outstanding Notes are to be
surrendered for payment of the Redemption Price (which shall be the office or
agency of the Issuer to be maintained as provided in Section 3.02); and

               (iv) that interest on the Outstanding Notes shall cease to
accrue on the Redemption Date.

Notice of redemption of the Outstanding Notes shall be given by the Bond
Administrator in the name and at the expense of the Issuer. Failure to give
notice of redemption, or any defect therein, to any Holder of any Note shall
not impair or affect the validity of the redemption of any other Note.

      Section 10.03. Notes Payable on Redemption Date. The Outstanding Notes
shall, following notice of redemption as required by Section 10.02 (in the
case of redemption pursuant to Section 10.01), on the Redemption Date become
due and payable at the Redemption Price and

                                      58
<PAGE>

(unless the Issuer shall default in the payment of the Redemption Price) no
interest shall accrue on the Redemption Price for any period after the date to
which accrued interest is calculated for purposes of calculating the
Redemption Price.

                                      59
<PAGE>

                                  ARTICLE XI.

                                 MISCELLANEOUS

      Section 11.01. Compliance Certificates and Opinions, etc.

            (a) Upon any application or request by the Issuer to the Indenture
Trustee or the Bond Administrator, as the case may be, to take any action
under any provision of this Indenture, the Issuer shall furnish to the
Indenture Trustee and the Bond Administrator (i) an Officer's Certificate
stating that all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with and (ii) an Opinion of
Counsel stating that in the opinion of such counsel all such conditions
precedent, if any, have been complied with and (iii) (if required by the TIA)
an Independent Certificate from a firm of certified public accountants meeting
the applicable requirements of this Section, except that, in the case of any
such application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture, no additional
certificate or opinion need be furnished.

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

               (i) a statement that each signatory of such certificate or
opinion has read or has caused to be read such covenant or condition and the
definitions herein relating thereto;

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

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

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

            (b) (i) Prior to the deposit of any Collateral or other property
or securities with the Bond Administrator that is to be made the basis for the
release of any property or securities subject to the lien of this Indenture,
the Issuer shall, in addition to any obligation imposed in Section 11.01(a) or
elsewhere in this Indenture, furnish to the Indenture Trustee and the Bond
Administrator an Officer's Certificate certifying or stating the opinion of
each person signing such certificate as to the fair value (within 90 days of
such deposit) to the Issuer of the Collateral or other property or securities
to be so deposited.

               (ii) Whenever the Issuer is required to furnish to the
Indenture Trustee or the Bond Administrator, as the case may be, an Officer's
Certificate certifying or stating the opinion of any signer thereof as to the
matters described in clause (i) above, the Issuer shall also deliver to the
Indenture Trustee and the Bond Administrator an Independent Certificate as to
the same matters, if the fair value to the Issuer of the securities to be so
deposited and of all other

                                      60
<PAGE>

such securities made the basis of any such withdrawal or release since the
commencement of the then-current fiscal year of the Issuer, as set forth in
the certificates delivered pursuant to clause (i) above and this clause (ii),
is 10% or more of the Outstanding Amount of the Notes, but such a certificate
need not be furnished with respect to any securities so deposited, if the fair
value thereof to the Issuer as set forth in the related Officer's Certificate
is less than $25,000 or less than one percent of the Outstanding Amount of the
Notes.

               (iii) Whenever any property or securities are to be released
from the lien of this Indenture, the Issuer shall also furnish to the
Indenture Trustee and the Bond Administrator an Officer's Certificate
certifying or stating the opinion of each person signing such certificate as
to the fair value (within 90 days of such release) of the property or
securities proposed to be released and stating that in the opinion of such
person the proposed release will not impair the security under this Indenture
in contravention of the provisions hereof.

               (iv) Other than with respect to the release of any Purchased
Receivable, the Issuer is required to furnish to the Indenture Trustee or the
Bond Administrator, as the case may be, an Officer's Certificate certifying or
stating the opinion of any signer thereof as to the matters described in
clause (iii) above, the Issuer shall also furnish to the Indenture Trustee and
the Bond Administrator an Independent Certificate as to the same matters if
the fair value of the property or securities and of all other property, other
than property as contemplated by clause (v) below, or securities released from
the lien of this Indenture since the commencement of the then-current calendar
year, as set forth in the certificates required by clause (iii) above and this
clause (iv), equals 10% or more of the Outstanding Amount of the Notes, but
such certificate need not be furnished in the case of any release of property
or securities if the fair value thereof as set forth in the related Officer's
Certificate is less than $25,000 or less than one percent of the then
Outstanding Amount of the Notes.

               (v) Notwithstanding Section 4.04 or any other provision of this
Section, the Issuer may, without compliance with the requirements of the other
provisions of this Section, (A) collect, liquidate, sell or otherwise dispose
of Receivables and Financed Vehicles as and to the extent permitted or
required by the Basic Documents and (B) make cash payments out of the Trust
Accounts as and to the extent permitted or required by the Basic Documents.

      Section 11.02. Form of Documents Delivered to Indenture Trustee or the
Bond Administrator. In any case where several matters are required to be
certified by, or covered by an opinion of, any specified Person, it is not
necessary that all such matters be certified by, or covered by the opinion of,
only one such Person, or that they be so certified or covered by only one
document, but one such Person may certify or give an opinion with respect to
some matters and one or more other such Persons as to other matters, and any
such Person may certify or give an opinion as to such matters in one or
several documents.

      Any certificate or opinion of an Authorized Officer of the Issuer may be
based, insofar as it relates to legal matters, upon a certificate or opinion
of, or representations by, counsel, unless such officer knows, or in the
exercise of reasonable care should know, that the certificate or opinion or
representations with respect to the matters upon which such officer's
certificate or opinion is based are erroneous. Any such certificate of an
Authorized Officer or Opinion of Counsel may be based, insofar as it relates
to factual matters, upon a certificate or opinion of, or

                                      61
<PAGE>

representations by, an officer or officers of the Servicer, the Seller or the
Issuer, stating that the information with respect to such factual matters is
in the possession of the Servicer, the Seller or the Issuer, unless such
counsel knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to such matters are
erroneous.

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

      Whenever in this Indenture, in connection with any application or
certificate or report to the Indenture Trustee or the Bond Administrator, it
is provided that the Issuer shall deliver any document as a condition of the
granting of such application, or as evidence of the Issuer's compliance with
any term hereof, it is intended that the truth and accuracy, at the time of
the granting of such application or at the effective date of such certificate
or report (as the case may be), of the facts and opinions stated in such
document shall in such case be conditions precedent to the right of the Issuer
to have such application granted or to the sufficiency of such certificate or
report. The foregoing shall not, however, be construed to affect the Indenture
Trustee's or the Bond Administrator's right to rely upon the truth and
accuracy of any statement or opinion contained in any such document as
provided in Article VI.

      Section 11.03. Acts of Noteholders.

            (a) Any request, demand, authorization, direction, notice,
consent, waiver or other action provided by this Indenture to be given or
taken by Noteholders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Noteholders in
person or by agents duly appointed in writing; and except as herein otherwise
expressly provided such action shall become effective when such instrument or
instruments are delivered to the Indenture Trustee and, where it is hereby
expressly required, to the Issuer. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred
to as the "Act" of the Noteholders signing such instrument or instruments.
Proof of execution of any such instrument or of a writing appointing any such
agent shall be sufficient for any purpose of this Indenture and (subject to
Section 6.01) conclusive in favor of the Indenture Trustee and the Issuer, if
made in the manner provided in this Section.

            (b) The fact and date of the execution by any person of any such
instrument or writing may be proved in any manner that the Indenture Trustee
deems sufficient.

            (c) The ownership of Notes shall be proved by the Note Register.

            (d) Any request, demand, authorization, direction, notice,
consent, waiver or other action by the Holder of any Notes shall bind the
Holder of every Note issued upon the registration thereof or in exchange
therefor or in lieu thereof, in respect of anything done, omitted or suffered
to be done by the Indenture Trustee or the Issuer in reliance thereon, whether
or not notation of such action is made upon such Note.

      Section 11.04. Notices, etc., to Indenture Trustee, Bond Administrator,
Issuer and Rating Agencies. Any request, demand, authorization, direction,
notice, consent, waiver or Act of Noteholders or other documents provided or
permitted by this Indenture shall be in writing

                                      62
<PAGE>

and, if such request, demand, authorization, direction, notice, consent,
waiver or act of Noteholders is to be made upon, given or furnished to or
filed with:

               (i) the Indenture Trustee by any Noteholder or by the Issuer,
shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing to or with the Indenture Trustee at its Corporate Trust
Office; or

               (ii) the Bond Administrator by any Noteholder or by the Issuer,
shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing to or with the Bond Administrator at its Corporate Trust
Office;

               (iii) the Issuer by the Indenture Trustee or by any Noteholder,
shall be sufficient for every purpose hereunder if in writing and mailed
first-class, postage prepaid to the Issuer addressed to: SSB RV Trust 2001-1,
in care of Wilmington Trust Company, as Owner Trustee, Rodney Square North,
1100 North Market Street, Wilmington, Delaware 19890-0001, Attention:
Corporate Trust Administration, or at any other address previously furnished
in writing to the Indenture Trustee by the Issuer or the Trust Administrator.
The Issuer shall promptly transmit any notice received by it from the
Noteholders to the Indenture Trustee.

      Notices required to be given to the Rating Agencies by the Issuer, the
Indenture Trustee or the Owner Trustee shall be in writing, personally
delivered or mailed by certified mail, return receipt requested, to (i) in the
case of Moody's, at the following address: Moody's Investors Service, Inc.,
ABS Monitoring Department, 99 Church Street, New York, New York 10007 and (ii)
in the case of Standard & Poor's, at the following address: Standard & Poor's,
a division of The McGraw-Hill Companies, Inc., 55 Water Street, New York, New
York 10041, Attention of Asset Backed Surveillance Department; or as to each
of the foregoing, at such other address as shall be designated by written
notice to the other parties.

      Section 11.05. Notices to Noteholders; Waiver. Where this Indenture
provides for notice to Noteholders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing
and mailed, first-class, postage prepaid to each Noteholder affected by such
event, at such Holder's address as it appears on the Note Register, not later
than the latest date, and not earlier than the earliest date, prescribed for
the giving of such notice. In any case where notice to Noteholders is given by
mail, neither the failure to mail such notice nor any defect in any notice so
mailed to any particular Noteholder shall affect the sufficiency of such
notice with respect to other Noteholders, and any notice that is mailed in the
manner herein provided shall conclusively be presumed to have been duly given.

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

      In case, by reason of the suspension of regular mail service as a result
of a strike, work stoppage or similar activity, it shall be impractical to
mail notice of any event to Noteholders when such notice is required to be
given pursuant to any provision of this Indenture, then any

                                      63
<PAGE>

manner of giving such notice as shall be satisfactory to the Indenture Trustee
shall be deemed to be a sufficient giving of such notice.

      Where this Indenture provides for notice to the Rating Agencies, failure
to give such notice shall not affect any other rights or obligations created
hereunder, and shall not under any circumstance constitute a Default or Event
of Default.

      Section 11.06. Effect of Headings and Table of Contents. The Article and
Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction hereof.

      Section 11.07. Successors and Assigns. All covenants and agreements in
this Indenture and the Notes by the Issuer shall bind its successors and
assigns, whether so expressed or not. All agreements of the Indenture Trustee
and the Bond Administrator in this Indenture shall bind their respective
successors, co-trustees and agents.

      Section 11.08. Separability. In case any provision in this Indenture or
in the Notes shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

      Section 11.09. Benefits of Indenture. Nothing in this Indenture or in
the Notes, express or implied, shall give to any Person, other than the
parties hereto (including Citibank, N.A. in its capacities as Note Registrar
and Paying Agent) and their successors hereunder, and the Noteholders, and any
other party secured hereunder, and any other Person with an ownership interest
in any part of the Trust Estate, any benefit or any legal or equitable right,
remedy or claim under this Indenture.

      Section 11.10. Legal Holidays. In any case where the date on which any
payment is due shall not be a Business Day, then (notwithstanding any other
provision of the Notes or this Indenture) payment need not be made on such
date, but may be made on the next succeeding Business Day with the same force
and effect as if made on the date on which nominally due, and no interest
shall accrue for the period from and after any such nominal date.

      Section 11.11. GOVERNING LAW. THIS INDENTURE SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 11.12. Counterparts. This Indenture may be executed in any
number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.

      Section 11.13. Recording of Indenture. If this Indenture is subject to
recording in any appropriate public recording offices, such recording is to be
effected by the Issuer and at the expense of the Servicer accompanied by an
Opinion of Counsel (which may be counsel to the Servicer or any other counsel
reasonably acceptable to the Indenture Trustee and the Bond Administrator) to
the effect that such recording is necessary either for the protection of the

                                      64
<PAGE>

Noteholders or any other Person secured hereunder or for the enforcement of
any right or remedy granted to the Indenture Trustee under this Indenture.

      Section 11.14. Trust Obligation. No recourse may be taken, directly or
indirectly, with respect to the obligations of the Issuer, the Owner Trustee
or the Indenture Trustee on the Notes or under this Indenture or any
certificate or other writing delivered in connection herewith or therewith,
against (i) the Indenture Trustee, the Bond Administrator, the Note Registrar,
the Paying Agent or the Owner Trustee in its individual capacity, (ii) any
owner of a beneficial interest in the Issuer, including the Seller, or (iii)
any partner, owner, beneficiary, agent, officer, director, employee or agent
of the Indenture Trustee, the Bond Administrator, the Note Registrar, the
Paying Agent or the Owner Trustee in its individual capacity, any holder of a
beneficial interest in the Issuer, the Owner Trustee, the Bond Administrator,
the Note Registrar, the Paying Agent or the Indenture Trustee or of any
successor or assign of the Indenture Trustee, the Bond Administrator, the Note
Registrar, the Paying Agent or the Owner Trustee in its individual capacity,
except as any such Person may have expressly agreed (it being understood that
the Indenture Trustee, the Bond Administrator, the Note Registrar, the Paying
Agent and the Owner Trustee have no such obligations in their individual
capacity). For all purposes of this Indenture, in the performance of any
duties or obligations of the Issuer hereunder, the Owner Trustee shall be
subject to, and entitled to the benefits of, the terms and provisions of
Article VI, VII and VIII of the Trust Agreement.

      Section 11.15. No Petition. The Indenture Trustee, by entering into this
Indenture, and each Noteholder, by accepting a Note, hereby covenant and agree
that they will not at any time institute against the Issuer, the Certificate
Trust or the Depositor, or join in any institution against the Issuer, the
Certificate Trust or the Depositor, of any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings, or other proceedings under
any United States federal or state bankruptcy or similar law in connection
with any obligations relating to the Notes, this Indenture or any of the Basic
Documents.

      Section 11.16. Inspection. The Issuer agrees that, on reasonable prior
notice, it will permit any representative of the Indenture Trustee, and of the
Bond Administrator during the Issuer's normal business hours, to examine all
the books of account, records, reports and other papers of the Issuer, to make
copies and extracts therefrom, to cause such books to be audited by
Independent certified public accountants, and to discuss the Issuer's affairs,
finances and accounts with the Issuer's officers, employees and Independent
certified public accountants, all at such reasonable times and as often as may
be reasonably requested; provided, however, that the Indenture Trustee may
only cause the books of the Issuer to be audited on an annual basis, unless
there occurs an Event of Default hereunder. The Indenture Trustee and the Bond
Administrator shall, and shall each cause their respective representatives to,
hold in confidence all such information except to the extent such information
is publicly available or such disclosure may be required by law (and all
reasonable applications for confidential treatment are unavailing) and except
to the extent that the Indenture Trustee or the Bond Administrator may
reasonably determine with the advice of counsel and after consultation with
the Issuer that such disclosure is consistent with its obligations hereunder.

      Section 11.17. Conflict with Trust Indenture Act. If any provision
hereof limits, qualifies or conflicts with another provision hereof that is
required to be included in this

                                      65
<PAGE>

Indenture by any of the provisions of the Trust Indenture Act, such required
provision shall control.

      The provisions of TIA ss.ss. 310 through 317 that impose duties on any
person (including the provisions automatically deemed included herein unless
expressly excluded by this Indenture) are a part of and govern this Indenture,
whether or not physically contained herein.

      Section 11.18. Limitation of Liability. It is expressly understood and
agreed by the parties hereto that (a) this Indenture is executed and delivered
by Wilmington Trust Company, not individually or personally but solely as
Owner Trustee of SSB RV Trust 2001-1, in the exercise of the powers and
authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and
intended not as personal representations, undertakings and agreements by
Wilmington Trust Company but is made and intended for the purpose for binding
only the Issuer, (c) nothing herein contained shall be construed as creating
any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressed or implied contained herein, all such
liability, if any, being expressly waived by the parties hereto and by any
Person claiming by, through or under the parties hereto and (d) under no
circumstances shall Wilmington Trust Company be personally liable for the
payment of any indebtedness or expenses of the Issuer or be liable for the
breach or failure of any obligation, representation, warranty or covenant made
or undertaken by the Issuer under this Indenture or any other related
documents.

                                   * * * * *

                                      66
<PAGE>

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

                              SSB RV TRUST 2001-1,

                              by:  WILMINGTON TRUST COMPANY, not in its
                                   individual capacity but solely as Owner
                                   Trustee,

                                   by:_____________________________________
                                      Name:
                                      Title:

                              U.S. BANK NATIONAL ASSOCIATION, not in its
                              individual capacity but solely as Indenture
                              Trustee,

                              by:__________________________________________
                                 Name:
                                 Title:

                              CITIBANK, NA,
                              as Bond Administrator

                              by:__________________________________________
                                 Name:
                                 Title:

                                      67
<PAGE>

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

      BEFORE ME, the undersigned authority, a Notary Public in and for said
county and state, on this day personally appeared _________________, a
_________________ of Wilmington Trust Company, not in its individual capacity
but solely as Owner Trustee of SSB RV Trust 2001-1, a Delaware Business Trust
(the "Trust") known to me to be the person and officer whose name is
subscribed to the foregoing instrument and acknowledged to me that the same
was the act of the said Trust, and that s/he executed the same as the act of
said business trust for the purpose and consideration therein expressed, and
in the capacities therein stated.

      GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____ day of December,
2001.

                               _______________________________________________
                               Notary Public in and for the State of New York.

My commission expires:

___________________________________________

                                      68
<PAGE>

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

      BEFORE ME, the undersigned authority, a Notary Public in and for said
county and state, on this day personally appeared _________________, known to
me to be the person and officer whose name is subscribed to the foregoing
instrument and acknowledged to me that the same was the act of U.S. BANK
NATIONAL ASSOCIATION, a national banking association, and that s/he executed
the same as the act of said corporation for the purpose and consideration
therein stated.

GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____ day of December, 2001.

                               _______________________________________________
                               Notary Public in and for the State of New York.

My commission expires:

____________________________________________

                                      69
<PAGE>

                                                            SCHEDULE A

                            Schedule of Receivables
                            -----------------------

                     [On file with the Indenture Trustee]

                                      70
<PAGE>

                                                            SCHEDULE B

      1. General. The Indenture creates a valid and continuing security
interest (as defined in the UCC) in all of the Issuer's right, title and
interest in and to the Receivables in favor of the Trustee which, (a) is
enforceable upon execution of the Indenture against creditors of and
purchasers from the Issuer as such enforceability may be limited by applicable
Debtor Relief Laws, now or hereafter in effect, and by general principles of
equity (whether considered in a suit at law or in equity), and (b) upon filing
of the financing statements described in clause 4 below will be prior to all
other Liens (other than Liens permitted pursuant to clause 3 below).

      2.    Characterization.  The Receivables  constitute  "tangible  chattel
paper"  within the  meaning  of UCC  Section  9-102.  The Issuer has taken all
steps  necessary to perfect its security  interest  against the Obligor in the
Financed Vehicles securing the Receivables.

      3.    Creation.  Immediately  prior to the conveyance of the Receivables
pursuant to the Indenture,  the Issuer owns and has good and marketable  title
to, or has a valid  security  interest in, the  Receivables  free and clear of
any Lien, claim or encumbrance of any Person.

      4. Perfection. The Issuer has caused or will have caused, within ten
days of the Closing Date, the filing of all appropriate financing statements
in the proper filing office in the appropriate jurisdictions under applicable
law in order to perfect the security interest granted to the Indenture Trustee
under the Indenture in the Receivables. The Issuer will have caused within ten
days of the effective date of the Indenture, the filing of financing
statements against the Issuer and such originator in favor of the Indenture
Trustee in connection herewith describing such Receivables and containing a
statement that: "A purchase of or security interest in any collateral
described in this financing statement will violate the rights of the Indenture
Trustee."

      5. Priority. Other than the security interests granted to the Indenture
Trustee pursuant to the Indenture, the Issuer has not pledged, assigned, sold,
granted a security interest in, or otherwise conveyed any of the Receivables,
the Issuer has not authorized the filing of and is not aware of any financing
statements against the Issuer that includes a description of collateral
covering the Receivables other than any financing statement (i) relating to
the security interests granted to the Indenture Trustee under the Indenture
(ii) that has been terminated, or (iii) that has been granted pursuant to the
terms of the Basic Documents. None of the tangible chattel paper that
constitutes or evidences the Receivables has any marks or notations indicating
that they are pledged, assigned or otherwise conveyed to any Person other than
Indenture Trustee.

<PAGE>

                                                                   EXHIBIT A-1

                           [FORM OF CLASS A-1 NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      2
<PAGE>

REGISTERED  $_____________1

No. R-_____                                                CUSIP NO. _________

                             SSB RV TRUST 2001-1

                     1.915% ASSET BACKED NOTE, CLASS A-1

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ___________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $________ by (ii) the aggregate amount, if any,
payable from the Principal Distribution Account in respect of principal on the
Class A-1 Notes pursuant to Section 3.01 of the Indenture dated as of December
1, 2001 (the "Indenture"), between the Issuer and U.S. Bank National
Association, a national banking association, as Indenture Trustee (the
"Indenture Trustee"); provided, however, that the entire unpaid principal
amount of this Note shall be due and payable on the earlier of January 15,
2003 (the "Class A-1 Final Scheduled Distribution Date") and the Redemption
Date, if any, pursuant to Section 10.01 of the Indenture. Capitalized terms
used but not defined herein are defined in the Indenture, which also contains
rules as to construction that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the prior
Distribution Date (or, in the case of the first Distribution Date, from the
Closing Date) to but excluding such Distribution Date. Interest will be
computed on the basis of the actual number of days in the related Interest
Accrual Period and a 360-day year. Such principal of and interest on this Note
shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

____________
  1   Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      3
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      4
<PAGE>

                         CERTIFICATE OF AUTHENTICATION

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

Date:                         CITIBANK,  N. A., not in its individual capacity
                              but solely as Note Registrar,

                                By:  _________________________________
                                          Authorized Signatory

                                      5
<PAGE>

                           REVERSE OF CLASS A-1 NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 1.915% Asset Backed Notes, Class A-1 (herein called the
"Class A-1 Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class A-1 Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture.

      Principal of the Class A-1 Notes will be payable on each Distribution
Date in an amount described on the face hereof. "Distribution Date" means the
15th day of each month, or, if any such date is not a Business Day, the next
succeeding Business Day, commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class A-1 Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Class A Notes have declared the Notes to be immediately due and
payable in the manner provided in Section 5.02 of the Indenture. All principal
payments on the Class A-1 Notes shall be made pro rata to the Class A-1
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the Registered Holder hereof as of the Record Date
preceding such Distribution Date by notice

                                      6
<PAGE>

mailed or transmitted by facsimile prior to such Distribution Date, and the
amount then due and payable shall be payable only upon presentation and
surrender of this Note at the Indenture Trustee's principal Corporate Trust
Office or at the office of the Indenture Trustee's agent appointed for such
purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class A-1 Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer, or,
under certain circumstances, the Certificateholder on any Distribution Date on
or after the date on which the Pool Balance is less than or equal to 10% of
the Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, the Indenture Trustee or the Owner Trustee in its individual
capacity, any holder of a beneficial interest in the Issuer, the Seller, the
Servicer, the Owner Trustee or the Indenture Trustee or of any successor or
assign of the Indenture Trustee or the Owner Trustee in its individual
capacity, except as any such Person may have expressly agreed and except that
any such partner, owner or beneficiary shall be fully liable, to the extent
provided by applicable law, for any unpaid consideration for stock, unpaid
capital contribution or failure to pay any installment or call owing to such
entity.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the

                                      7
<PAGE>

Indenture that such Noteholder or Note Owner will not at any time institute
against the Issuer, or join in any institution against the Issuer of, any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
under any United States federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, the Indenture or the
other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the Class A
Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note (or any one or more Predecessor Notes) shall be conclusive
and binding upon such Holder and upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made
upon this Note. The Indenture also permits the Indenture Trustee to amend or
waive certain terms and conditions set forth in the Indenture without the
consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

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

                                      8
<PAGE>

principal of and interest on this Note at the times, place and rate, and in
the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      9
<PAGE>

ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

________________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

_______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:___________________________       ____________________________*/

                                          Signature Guaranteed:

                                        ____________________________*/

___________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      10
<PAGE>

                                                                   EXHIBIT A-2

                           [FORM OF CLASS A-2 NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      11
<PAGE>

REGISTERED  $_____________2

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                      2.89% ASSET BACKED NOTE, CLASS A-2

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class
A-2 Notes pursuant to Section 3.01 of the Indenture dated as of December 1,
2001 (the "Indenture"), between the Issuer and U.S. Bank National Association,
a national banking association, as Indenture Trustee (the "Indenture
Trustee"); provided, however, that the entire unpaid principal amount of this
Note shall be due and payable on the earlier of December 15, 2008 (the "Class
A-2 Final Scheduled Distribution Date") and the Redemption Date, if any,
pursuant to Section 10.01 of the Indenture. No payments of principal of the
Class A-2 Notes shall be made until the Class A-1 Notes have been paid in
full. Capitalized terms used but not defined herein are defined in the
Indenture, which also contains rules as to construction that shall be
applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in the last sentence of Section 3.01 of the
Indenture. Interest on this Note will accrue for each Distribution Date from
and including the first day of the calendar month to and including the last
day of the calendar month preceding such Distribution Date. Interest will be
computed on the basis of a 360-day year of twelve 30-day months. Such
principal of and interest on this Note shall be paid in the manner specified
on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

_____________
   2  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      12
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      13
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      14
<PAGE>

                           REVERSE OF CLASS A-2 NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 2.89% Asset Backed Notes, Class A-2 (herein called the
"Class A-2 Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class A-2 Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture.

      Principal of the Class A-2 Notes will be payable on each Distribution
Date in an amount described on the face hereof only after the Class A-1 Notes
are paid in full and have no Principal Balance. "Distribution Date" means the
15th day of each month, or, if any such date is not a Business Day, the next
succeeding Business Day, commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class A-2 Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Class A Notes have declared the Notes to be immediately due and
payable in the manner provided in Section 5.02 of the Indenture. All principal
payments on the Class A-2 Notes shall be made pro rata to the Class A-2
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the Registered Holder hereof as of the Record Date
preceding such Distribution Date by notice

                                      15
<PAGE>

mailed or transmitted by facsimile prior to such Distribution Date, and the
amount then due and payable shall be payable only upon presentation and
surrender of this Note at the Indenture Trustee's principal Corporate Trust
Office or at the office of the Indenture Trustee's agent appointed for such
purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class A-2 Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the

                                      16
<PAGE>

Indenture that such Noteholder or Note Owner will not at any time institute
against the Issuer, or join in any institution against the Issuer of, any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
under any United States federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, the Indenture or the
other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the Class A
Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note (or any one or more Predecessor Notes) shall be conclusive
and binding upon such Holder and upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made
upon this Note. The Indenture also permits the Indenture Trustee to amend or
waive certain terms and conditions set forth in the Indenture without the
consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

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

                                      17
<PAGE>

principal of and interest on this Note at the times, place and rate, and in
the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. BANK NATIONAL ASSOCIATION in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      18
<PAGE>

ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

________________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

_______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_______________________       __________________________________*/

                                      Signature Guaranteed:

                                    _________________________________*/

__________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      19
<PAGE>

                                                                   EXHIBIT A-3

                           [FORM OF CLASS A-3 NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      20
<PAGE>

REGISTERED  $_____________3

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                      4.74% ASSET BACKED NOTE, CLASS A-3

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class
A-3 Notes pursuant to Section 3.01 of the Indenture dated as of December 1,
2001 (the "Indenture"), between the Issuer and U.S. Bank National Association,
a national banking association, as Indenture Trustee (the "Indenture
Trustee"); provided, however, that the entire unpaid principal amount of this
Note shall be due and payable on the earlier of February 15, 2013 (the "Class
A-3 Final Scheduled Distribution Date") and the Redemption Date, if any,
pursuant to Section 10.01 of the Indenture. No payments of principal of the
Class A-3 Notes shall be made until the Class A-1 Notes and the Class A-2
Notes have been paid in full. Capitalized terms used but not defined herein
are defined in the Indenture, which also contains rules as to construction
that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

____________________
   3  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      21
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      22
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      23
<PAGE>

                           REVERSE OF CLASS A-3 NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 4.74% Asset Backed Notes, Class A-3 (herein called the
"Class A-3 Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class A-3 Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture.

      Principal of the Class A-3 Notes will be payable on each Distribution
Date in an amount described on the face hereof only after the Class A-1 Notes
and the Class A-2 Notes are paid in full and have no Principal Balance.
"Distribution Date" means the 15th day of each month, or, if any such date is
not a Business Day, the next succeeding Business Day, commencing January 15,
2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class A-3 Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Class A Notes have declared the Notes to be immediately due and
payable in the manner provided in Section 5.02 of the Indenture. All principal
payments on the Class A-3 Notes shall be made pro rata to the Class A-3
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the

                                      24
<PAGE>

Registered Holder hereof as of the Record Date preceding such Distribution
Date by notice mailed or transmitted by facsimile prior to such Distribution
Date, and the amount then due and payable shall be payable only upon
presentation and surrender of this Note at the Indenture Trustee's principal
Corporate Trust Office or at the office of the Indenture Trustee's agent
appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class A-3 Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      25
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the Class A
Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note (or any one or more Predecessor Notes) shall be conclusive
and binding upon such Holder and upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made
upon this Note. The Indenture also permits the Indenture Trustee to amend or
waive certain terms and conditions set forth in the Indenture without the
consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      26
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      27
<PAGE>

ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

____________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      28
<PAGE>

                                                                   EXHIBIT A-4

                           [FORM OF CLASS A-4 NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      29
<PAGE>

REGISTERED  $_____________4

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                      5.81% ASSET BACKED NOTE, CLASS A-4

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class
A-4 Notes pursuant to Section 3.01 of the Indenture dated as of December 1,
2001 (the "Indenture"), between the Issuer and U.S. Bank National Association,
a national banking association, as Indenture Trustee (the "Indenture
Trustee"); provided, however, that the entire unpaid principal amount of this
Note shall be due and payable on the earlier of December 15, 2014 (the "Class
A-4 Final Scheduled Distribution Date") and the Redemption Date, if any,
pursuant to Section 10.01 of the Indenture. No payments of principal of the
Class A-4 Notes shall be made until the Class A-1 Notes, the Class A-2 Notes
and the Class A-3 Notes have been paid in full. Capitalized terms used but not
defined herein are defined in the Indenture, which also contains rules as to
construction that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

___________________
   4  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      30
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      31
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      32
<PAGE>

                           REVERSE OF CLASS A-4 NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 5.81% Asset Backed Notes, Class A-4 (herein called the
"Class A-4 Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class A-4 Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture.

      Principal of the Class A-4 Notes will be payable on each Distribution
Date in an amount described on the face hereof only after the Class A-1 Notes,
the Class A-2 Notes and the Class A-3 Notes are paid in full and have no
Principal Balance. "Distribution Date" means the 15th day of each month, or,
if any such date is not a Business Day, the next succeeding Business Day,
commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class A-4 Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Class A Notes have declared the Notes to be immediately due and
payable in the manner provided in Section 5.02 of the Indenture. All principal
payments on the Class A-4 Notes shall be made pro rata to the Class A-4
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the

                                      33
<PAGE>

Registered Holder hereof as of the Record Date preceding such Distribution
Date by notice mailed or transmitted by facsimile prior to such Distribution
Date, and the amount then due and payable shall be payable only upon
presentation and surrender of this Note at the Indenture Trustee's principal
Corporate Trust Office or at the office of the Indenture Trustee's agent
appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class A-4 Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      34
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the Class A
Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note (or any one or more Predecessor Notes) shall be conclusive
and binding upon such Holder and upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made
upon this Note. The Indenture also permits the Indenture Trustee to amend or
waive certain terms and conditions set forth in the Indenture without the
consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      35
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      36
<PAGE>

                                  ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

__________________
 */   NOTICE: The signature to this assignment must correspond with the name of
the registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever. Such
signature must be guaranteed by an "eligible guarantor institution" meeting
the requirements of the Note Registrar, which requirements include membership
or participation in STAMP or such other "signature guarantee program" as may
be determined by the Note Registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

                                      37
<PAGE>

                                                                   EXHIBIT A-5

                           [FORM OF CLASS A-5 NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      38
<PAGE>

REGISTERED  $_____________5

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                      6.30% ASSET BACKED NOTE, CLASS A-5

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class
A-5 Notes pursuant to Section 3.01 of the Indenture dated as of December 1,
2001 (the "Indenture"), between the Issuer and U.S. Bank National Association,
a national banking association, as Indenture Trustee (the "Indenture
Trustee"); provided, however, that the entire unpaid principal amount of this
Note shall be due and payable on the earlier of April 15, 2016 (the "Class A-5
Final Scheduled Distribution Date") and the Redemption Date, if any, pursuant
to Section 10.01 of the Indenture. No payments of principal of the Class A-5
Notes shall be made until the Class A-1 Notes, the Class A-2 Notes, the Class
A-3 Notes and the Class A-4 Notes have been paid in full. Capitalized terms
used but not defined herein are defined in the Indenture, which also contains
rules as to construction that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

_____________________
   5  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      39
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      40
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      41
<PAGE>

                           REVERSE OF CLASS A-5 NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 6.30% Asset Backed Notes, Class A-5 (herein called the
"Class A-5 Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class A-5 Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, Class A-5 Notes, the Class B Notes, the Class C Notes and the Class
D Notes (collectively, the "Notes") are and will be secured by the collateral
pledged as security therefor as provided in the Indenture.

      Principal of the Class A-5 Notes will be payable on each Distribution
Date in an amount described on the face hereof only after the Class A-1 Notes,
the Class A-2 Notes, the Class A-3 Notes and the Class A-5 Notes are paid in
full and have no Principal Balance. "Distribution Date" means the 15th day of
each month, or, if any such date is not a Business Day, the next succeeding
Business Day, commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class A-5 Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Class A Notes have declared the Notes to be immediately due and
payable in the manner provided in Section 5.02 of the Indenture. All principal
payments on the Class A-5 Notes shall be made pro rata to the Class A-5
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the

                                      42
<PAGE>

Registered Holder hereof as of the Record Date preceding such Distribution
Date by notice mailed or transmitted by facsimile prior to such Distribution
Date, and the amount then due and payable shall be payable only upon
presentation and surrender of this Note at the Indenture Trustee's principal
Corporate Trust Office or at the office of the Indenture Trustee's agent
appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class A-5 Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      43
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the Class A
Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note (or any one or more Predecessor Notes) shall be conclusive
and binding upon such Holder and upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made
upon this Note. The Indenture also permits the Indenture Trustee to amend or
waive certain terms and conditions set forth in the Indenture without the
consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      44
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      45
<PAGE>

                                  ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

_____________________
  */ NOTICE: The signature to this assignment must correspond with the name of
the registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever. Such
signature must be guaranteed by an "eligible guarantor institution" meeting
the requirements of the Note Registrar, which requirements include membership
or participation in STAMP or such other "signature guarantee program" as may
be determined by the Note Registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

                                      46
<PAGE>

                                                                     EXHIBIT B

                            [FORM OF CLASS B NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      47
<PAGE>

REGISTERED  $_____________6

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                       6.64% ASSET BACKED NOTE, CLASS B

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class B
Notes pursuant to Section 3.01 of the Indenture dated as of December 1, 2001
(the "Indenture"), between the Issuer and U.S. Bank National Association, a
national banking association, as Indenture Trustee (the "Indenture Trustee");
provided, however, that the entire unpaid principal amount of this Note shall
be due and payable on the earlier of April 15, 2018 (the "Class B Final
Scheduled Distribution Date") and the Redemption Date, if any, pursuant to
Section 10.01 of the Indenture. No payments of principal of the Class B Notes
shall be made until the Class A-1 Notes, the Class A-2 Notes, the Class A-3
Notes, the Class A-4 Notes and the Class A-5 Notes have been paid in full.
Capitalized terms used but not defined herein are defined in the Indenture,
which also contains rules as to construction that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

___________________
   6  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      48
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      49
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      50
<PAGE>

                            REVERSE OF CLASS B NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 6.64% Asset Backed Notes, Class B (herein called the "Class
B Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class B Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture. The
Class B Notes are subordinated in right of payment to the Class A Notes as and
to the extent provided in the Indenture.

      Principal of the Class B Notes will be payable on each Distribution Date
in an amount described on the face hereof only after the Class A-1 Notes, the
Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class A-5
Notes are paid in full and have no Principal Balance. "Distribution Date"
means the 15th day of each month, or, if any such date is not a Business Day,
the next succeeding Business Day, commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class B Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Controlling Class have declared the Notes to be immediately due
and payable in the manner provided in Section 5.02 of the Indenture. All
principal payments on the Class B Notes shall be made pro rata to the Class B
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the

                                      51
<PAGE>

Registered Holder hereof as of the Record Date preceding such Distribution
Date by notice mailed or transmitted by facsimile prior to such Distribution
Date, and the amount then due and payable shall be payable only upon
presentation and surrender of this Note at the Indenture Trustee's principal
Corporate Trust Office or at the office of the Indenture Trustee's agent
appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class B Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      52
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the
Controlling Class, on behalf of the Holders of all the Notes, to waive
compliance by the Issuer with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Note (or any one or more Predecessor Notes) shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or
waiver is made upon this Note. The Indenture also permits the Indenture
Trustee to amend or waive certain terms and conditions set forth in the
Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      53
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      54
<PAGE>

                                  ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

___________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      55
<PAGE>

                                                                     EXHIBIT C

                            [FORM OF CLASS C NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      56
<PAGE>

REGISTERED  $_____________7

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                       7.03% ASSET BACKED NOTE, CLASS C

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class C
Notes pursuant to Section 3.01 of the Indenture dated as of December 1, 2001
(the "Indenture"), between the Issuer and U.S. Bank National Association, a
national banking association, as Indenture Trustee (the "Indenture Trustee");
provided, however, that the entire unpaid principal amount of this Note shall
be due and payable on the earlier of December 15, 2019 (the "Class C Final
Scheduled Distribution Date") and the Redemption Date, if any, pursuant to
Section 10.01 of the Indenture. No payments of principal of the Class B Notes
shall be made until the Class A-1 Notes, the Class A-2 Notes, the Class A-3
Notes, the Class A-4 Notes, the Class A-5 Notes and the Class B Notes have
been paid in full. Capitalized terms used but not defined herein are defined
in the Indenture, which also contains rules as to construction that shall be
applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

_________________
   7  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      57
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                         SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      58
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      59
<PAGE>

                            REVERSE OF CLASS C NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 7.03% Asset Backed Notes, Class C (herein called the "Class
C Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class C Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture. The
Class C Notes are subordinated in right of payment to the Class A Notes and
the Class B Notes as and to the extent provided in the Indenture.

      Principal of the Class C Notes will be payable on each Distribution Date
in an amount described on the face hereof only after the Class A-1 Notes, the
Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5 Notes
and the Class B Notes are paid in full and have no Principal Balance.
"Distribution Date" means the 15th day of each month, or, if any such date is
not a Business Day, the next succeeding Business Day, commencing January 15,
2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class C Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Controlling Class have declared the Notes to be immediately due
and payable in the manner provided in Section 5.02 of the Indenture. All
principal payments on the Class C Notes shall be made pro rata to the Class C
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the Indenture Trustee, in the name of and on behalf of the Issuer, will notify
the Person who was the

                                      60
<PAGE>

Registered Holder hereof as of the Record Date preceding such Distribution
Date by notice mailed or transmitted by facsimile prior to such Distribution
Date, and the amount then due and payable shall be payable only upon
presentation and surrender of this Note at the Indenture Trustee's principal
Corporate Trust Office or at the office of the Indenture Trustee's agent
appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class C Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer or, under
certain circumstances, the Certificateholder on any Distribution Date on or
after the date on which the Pool Balance is less than or equal to 10% of the
Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      61
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the
Controlling Class, on behalf of the Holders of all the Notes, to waive
compliance by the Issuer with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Note (or any one or more Predecessor Notes) shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or
waiver is made upon this Note. The Indenture also permits the Indenture
Trustee to amend or waive certain terms and conditions set forth in the
Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      62
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      63
<PAGE>

                                  ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

____________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      64
<PAGE>

                                                                     EXHIBIT D

                            [FORM OF CLASS D NOTE]

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW YORK,
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

      THE PRINCIPAL OF THIS NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH
HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME
MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

      THIS NOTE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN THE HUNTINGTON NATIONAL BANK OR ANY OF ITS AFFILIATES.

      THIS NOTE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                      65
<PAGE>

REGISTERED  $_____________8

No. R-________                                             CUSIP NO. _________

                             SSB RV TRUST 2001-1

                       7.42% ASSET BACKED NOTE, CLASS D

      SSB RV TRUST 2001-1, a business trust organized and existing under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to ____________________, or registered
assigns, the principal sum of __________ DOLLARS, payable on each Distribution
Date in an amount equal to the result obtained by multiplying (i) a fraction
the numerator of which is $ [INSERT INITIAL PRINCIPAL AMOUNT OF NOTE] and the
denominator of which is $_____ by (ii) the aggregate amount, if any, payable
from the Principal Distribution Account in respect of principal on the Class D
Notes pursuant to Section 3.01 of the Indenture dated as of December 1, 2001
(the "Indenture"), between the Issuer and U.S. Bank National Association, a
national banking association, as Indenture Trustee (the "Indenture Trustee");
provided, however, that the entire unpaid principal amount of this Note shall
be due and payable on the earlier of January 15, 2023 (the "Class D Final
Scheduled Distribution Date") and the Redemption Date, if any, pursuant to
Section 10.01 of the Indenture. No payments of principal of the Class D Notes
shall be made until the Class A-1 Notes, the Class A-2 Notes, the Class A-3
Notes, the Class A-4 Notes, the Class A-5 Notes, the Class B Notes and the
Class C Notes have been paid in full. Capitalized terms used but not defined
herein are defined in the Indenture, which also contains rules as to
construction that shall be applicable herein.

      The Issuer will pay interest on this Note at the rate per annum set
forth above, on each Distribution Date until the principal of this Note is
paid or made available for payment, on the principal amount of this Note
outstanding on the preceding Distribution Date (after giving effect to all
payments of principal made on the preceding Distribution Date), subject to
certain limitations contained in Section 3.01 of the Indenture. Interest on
this Note will accrue for each Distribution Date from and including the first
day of the calendar month to and including the last day of the calendar month
preceding such Distribution Date. Interest will be computed on the basis of a
360-day year of twelve 30-day months. Such principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of
this Note.

      Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

__________________
   8  Denominations  of $1,000 and  integral  multiples  of $1,000 in excess
      thereof.

                                      66
<PAGE>

      Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

      IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer, as of the date set forth
below.

Date:                        SSB RV TRUST 2001-1

                              By:           WILMINGTON  TRUST COMPANY,  not in
                                            its   individual    capacity   but
                                            solely as Owner  Trustee under the
                                            Trust Agreement,

                                      By:  _________________________________
                                             Authorized Signatory

                                      67
<PAGE>

                   TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Date:                    U.S.   BANK   NATIONAL   ASSOCIATION,   not   in  its
                         individual capacity but solely as Indenture Trustee,

                                By:  _________________________________
                                            Authorized Signatory

                                      68
<PAGE>

                            REVERSE OF CLASS D NOTE

      This Note is one of a duly authorized issue of Notes of the Issuer,
designated as its 7.42% Asset Backed Notes, Class D (herein called the "Class
D Notes"), all issued under the Indenture, to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Indenture
Trustee and the Holders of the Notes. The Class D Notes are subject to all
terms of the Indenture.

      The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class
A-4 Notes, the Class A-5 Notes, the Class B Notes, the Class C Notes and the
Class D Notes (collectively, the "Notes") are and will be secured by the
collateral pledged as security therefor as provided in the Indenture. The
Class B Notes are subordinated in right of payment to the Class A Notes as and
to the extent provided in the Indenture.

      Principal of the Class B Notes will be payable on each Distribution Date
in an amount described on the face hereof only after the Class A-1 Notes, the
Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes. the Class A-5
Notes, the Class B Notes and the Class C Notes are paid in full and have no
Principal Balance. "Distribution Date" means the 15th day of each month, or,
if any such date is not a Business Day, the next succeeding Business Day,
commencing January 15, 2002.

      As described above, the entire unpaid principal amount of this Note
shall be due and payable on the earlier of the Class D Final Scheduled
Distribution Date and the Redemption Date, if any, pursuant to Section 10.01
of the Indenture. Notwithstanding the foregoing, the entire unpaid principal
amount of the Notes shall be due and payable on the date on which an Event of
Default shall have occurred and be continuing and the Indenture Trustee or the
Noteholders of Notes evidencing not less than a majority of the Outstanding
Amount of the Controlling Class have declared the Notes to be immediately due
and payable in the manner provided in Section 5.02 of the Indenture. All
principal payments on the Class D Notes shall be made pro rata to the Class D
Noteholders entitled thereto.

      Payments of interest on this Note due and payable on each Distribution
Date, together with the installment of principal, if any, to the extent not in
full payment of this Note, shall be made by check mailed to the Person whose
name appears as the Registered Holder of this Note (or one or more Predecessor
Notes) on the Note Register as of the close of business on each Record Date,
except that with respect to Notes registered on the Record Date in the name of
the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire transfer in immediately available funds to the
account designated by such nominee. Such checks shall be mailed to the Person
entitled thereto at the address of such Person as it appears on the Note
Register as of the applicable Record Date without requiring that this Note be
submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Distribution Date shall be binding upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof, whether or not noted hereon. If funds are expected
to be available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Distribution Date, then
the

                                      69
<PAGE>

Indenture Trustee, in the name of and on behalf of the Issuer, will notify the
Person who was the Registered Holder hereof as of the Record Date preceding
such Distribution Date by notice mailed or transmitted by facsimile prior to
such Distribution Date, and the amount then due and payable shall be payable
only upon presentation and surrender of this Note at the Indenture Trustee's
principal Corporate Trust Office or at the office of the Indenture Trustee's
agent appointed for such purposes located in The City of New York.

      The Issuer shall pay interest on overdue installments of interest at the
Class D Rate to the extent lawful.

      As provided in Section 10.01 of the Indenture, the Outstanding Notes may
be redeemed in whole, but not in part, at the option of the Servicer on any
Distribution Date on or after the date on which the Pool Balance is less than
or equal to 10% of the Initial Pool Balance.

      As provided in the Indenture and subject to the limitations set forth
therein and on the face hereof, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or
such Holder's attorney duly authorized in writing, with such signature
guaranteed by an "eligible guarantor institution" meeting the requirements of
the Note Registrar, which requirements include membership or participation in
the Securities Transfer Agent's Medallion Program ("STAMP") or such other
"signature guarantee program" as may be determined by the Note Registrar in
addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended, and thereupon one or more new
Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such
registration of transfer or exchange subject to certain exceptions set forth
in the Indenture.

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or
under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Seller, the Servicer, the Indenture
Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer, including the Seller or (iii) any partner,
owner, beneficiary, agent, officer, director or employee of the Seller, the
Servicer, Indenture Trustee or the Owner Trustee in its individual capacity,
any holder of a beneficial interest in the Issuer, the Seller, the Servicer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of
the Indenture Trustee or the Owner Trustee in its individual capacity, except
as any such Person may have expressly agreed and except that any such partner,
owner or beneficiary shall be fully liable, to the extent provided by
applicable law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity.

                                      70
<PAGE>

      Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees by
accepting the benefits of the Indenture that such Noteholder or Note Owner
will not at any time institute against the Issuer, or join in any institution
against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency
or liquidation proceedings under any United States federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the
Indenture or the other Basic Documents.

      The Issuer has entered into the Indenture and this Note is issued with
the intention that, for federal, state and local income, single business and
franchise tax purposes, the Notes will qualify as indebtedness of the Issuer
secured by the Trust Estate. Each Noteholder, by acceptance of a Note (and
each Note Owner by acceptance of a beneficial interest in a Note), agrees to
treat the Notes for federal, state and local income, single business and
franchise tax purposes as indebtedness of the Issuer.

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

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing a
majority of the Outstanding Amount of all Notes at the time Outstanding. The
Indenture also contains provisions permitting Holders of Notes representing
specified percentages of the Outstanding Amount of the Notes or of the
Controlling Class, on behalf of the Holders of all the Notes, to waive
compliance by the Issuer with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Note (or any one or more Predecessor Notes) shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or
waiver is made upon this Note. The Indenture also permits the Indenture
Trustee to amend or waive certain terms and conditions set forth in the
Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      This Note and the Indenture shall be construed in accordance with the
laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
and thereunder shall be determined in accordance with such laws.

                                      71
<PAGE>

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency herein prescribed.

      Anything herein to the contrary notwithstanding, except as expressly
provided in the Basic Documents, none of Wilmington Trust Company in its
individual capacity, U.S. Bank National Association in its individual
capacity, any owner of a beneficial interest in the Issuer, the Seller, the
Servicer, or any of their respective partners, beneficiaries, agents,
officers, directors, employees or successors or assigns shall be personally
liable for, nor shall recourse be had to any of them for, the payment of
principal of or interest on this Note or performance of, or omission to
perform, any of the covenants, obligations or indemnifications contained in
the Indenture. The Holder of this Note by its acceptance hereof agrees that,
except as expressly provided in the Basic Documents, in the case of an Event
of Default under the Indenture, the Holder shall have no claim against any of
the foregoing for any deficiency, loss or claim therefrom; provided, however,
that nothing contained herein shall be taken to prevent recourse to, and
enforcement against, the assets of the Issuer for any and all liabilities,
obligations and undertakings contained in the Indenture or in this Note.

                                      72
<PAGE>

                                  ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee:

_______________________________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto:

______________________________________________________________________________

                        (name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints ____________________________________________, attorney, to
transfer said Note on the books kept for registration thereof, with full power
of substitution in the premises.

Dated:_________________________      ________________________________*/

                                      Signature Guaranteed:

                                     ________________________________*/

___________________
  */   NOTICE:  The  signature to this  assignment  must  correspond  with the
       name of the  registered  owner as it  appears on the face of the within
       Note  in  every  particular,  without  alteration,  enlargement  or any
       change  whatsoever.  Such  signature must be guaranteed by an "eligible
       guarantor  institution" meeting the requirements of the Note Registrar,
       which  requirements  include  membership or  participation  in STAMP or
       such other  "signature  guarantee  program" as may be determined by the
       Note Registrar in addition to, or in substitution  for,  STAMP,  all in
       accordance with the Securities Exchange Act of 1934, as amended.

                                      73

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