Document:

<Page>

                                   EXHIBIT A-1

                               FORM OF RETAIL NOTE

                                      A-1-1
<Page>

                                   EXHIBIT A-1
                           FORM OF RETAIL GLOBAL NOTE

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER
DEFINED) AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE
INDENTURE) OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER
OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST (HEREINAFTER
DEFINED) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
UNLESS ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR 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.

REGISTERED NO.:             CUSIP NO.:             PRINCIPAL AMOUNT: U.S. $

                HARTFORD LIFE GLOBAL FUNDING TRUST [_____]-[___]

                                 INCOMENOTES(SM)

<Table>
<S>                                                              <C>
Issuance Date:                                                   Floating Rate Note: / / Yes / / No. If yes,
Issue Price:                                                              Regular Floating Rate Notes / /
Stated Maturity Date:                                                     Floating Rate/ Fixed Rate Notes: / /
Settlement Date:                                                                   Fixed Interest Rate:
Securities Exchange Listing: / / Yes / / No. If yes,                               Fixed Rate Commencement Date:
        indicate name(s) of Securities Exchange(s):                       Interest Rate Basis(es):
        __________________________________________.
Depositary:                                                               CD Rate / /
Authorized Denominations:                                                 CMT Rate / /
Collateral held in the Trust: Hartford Life Insurance                              Designated CMT Telerate Page:
  Company Funding Agreement No. -, all proceeds of                                         If Telerate Page 7052:
  the Funding Agreement and all rights and books and                                       / / Weekly Average
  records pertaining to the foregoing.                                                     / / Monthly Average
</Table>

<Page>

<Table>
<S>                                                              <C>
Interest Rate or Formula:                                                          Designated CMT Maturity Index:
Fixed Rate Note: / / Yes / / No. If yes,                                  Commercial Paper Rate / /
        Interest Rate:                                                    Federal Funds Rate / /
        Interest Payment Dates:                                           LIBOR / /
        Day Count Convention:                                                      / / LIBOR Reuters Page:
        Additional/Other Terms:                                                    / / LIBOR Moneyline Telerate Page:
Discount Note: / / Yes / / No. If yes,                                             LIBOR Currency:
        Total Amount of Discount:                                         Prime Rate / /
        Initial Accrual Period of Discount:                               Treasury Rate / /
        Interest Payment Dates:                                           Index Maturity:
        Additional/Other Terms:                                           Spread and/or Spread Multiplier:
Redemption Provisions: / / Yes / / No. If yes,                            Initial Interest Rate, if any:
        Initial Redemption Date:                                          Initial Interest Reset Date:
        Initial Redemption Percentage:                                    Interest Reset Dates:
        Annual Redemption Percentage Reduction,                           Interest Determination Date(s):
               if any:                                                    Interest Payment Dates:
        Additional/Other Terms:                                           Maximum Interest Rate, if any:
                                                                          Minimum Interest Rate, if any:
                                                                          Additional/Other Terms:
                                                                 Regular Record Date(s):
                                                                 Sinking Fund:
                                                                 Day Count Convention:
                                                                 Calculation Agent:
                                                                 Survivor's Option: / / Yes / / No.
                                                                 If yes, the attached Survivor's Option Rider is
                                                                 incorporated into this Note.
                                                                 Additional/Other Terms:
</Table>

     The Hartford Life Global Funding Trust designated above (the "Trust"), for
value received, hereby promises to pay to Cede & Co., or its registered assigns,
the Principal Amount specified above on the Stated Maturity Date specified above
and, if so specified above, to pay interest thereon from the Issuance Date
specified above or from the most recent Interest Payment Date specified above to
which interest has been paid or duly provided for at the rate per annum
determined in accordance with the provisions on the reverse hereof and as
specified above, until the principal hereof is paid or made available for
payment. Payments of principal, premium, if any, and interest hereon will be
made in the lawful currency of the United States of America ("U.S. Dollars" or
"United States dollars"). The "Principal Amount" of this Note at any time means
(1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face
Amount (as hereinafter defined) at such time (as defined in SECTION 3(c) on the
reverse hereof) and (2) in all other cases, the Principal Amount hereof.
Capitalized terms not otherwise defined herein shall have their meanings set
forth in the Indenture, dated as of [-] (the "Indenture"), between JPMorgan
Chase Bank, as the indenture trustee (the "Indenture Trustee"), and the
Trust, or on the face hereof.

                                      A-1-2
<Page>

     This Note will mature on the Stated Maturity Date, unless its principal (or
any installment of its principal) becomes due and payable prior to the Stated
Maturity Date, whether, as applicable, by the declaration of acceleration of
maturity, notice of redemption by the Trust or otherwise (the Stated Maturity
Date or any date prior to the Stated Maturity Date on which this Note becomes
due and payable, as the case may be, is referred to as the "Maturity Date").

     A "Discount Note" is any Note that has an Issue Price that is less than
100% of the Principal Amount thereof by more than a percentage equal to the
product of 0.25% and the number of full years to the Stated Maturity Date.

     Unless otherwise specified above, the interest payable on each Interest
Payment Date or the Maturity Date will be the amount of interest accrued from
and including the Issuance Date or from and including the last Interest Payment
Date to which interest has been paid or duly provided for, as the case may be,
to, but excluding, such Interest Payment Date or the Maturity Date, as the case
may be.

     Unless otherwise specified above, the interest payable on any Interest
Payment Date will be paid to the Holder on the Regular Record Date for such
Interest Payment Date, which Regular Record Date shall be the fifteenth (15th)
calendar day, whether or not a Business Day, immediately preceding the related
Interest Payment Date; PROVIDED that, notwithstanding any provision of the
Indenture to the contrary, interest payable on any Maturity Date shall be
payable to the Person to whom principal shall be payable; and PROVIDED, FURTHER,
that unless otherwise specified above, in the case of a Note initially issued
between a Regular Record Date and the Interest Payment Date relating to such
Regular Record Date, interest for the period beginning on the Issuance Date and
ending on such Interest Payment Date shall be paid on the Interest Payment Date
following the next succeeding Regular Record Date to the Holder on such next
succeeding Regular Record Date.

     Payments of principal of, and premium, if any, and interest and other
amounts due and owing, if any, will be made through the Indenture Trustee to the
account of DTC or its nominee and will be made in accordance with depositary
arrangements with DTC.

     Unless otherwise specified on the face hereof, the Holder hereof will not
be obligated to pay any administrative costs imposed by banks in making payments
in immediately available funds by the Trust. Unless otherwise specified on the
face hereof, any tax assessment or governmental charge imposed upon payments
hereunder, including, without limitation, any withholding tax, will be borne by
the Holder hereof.

     REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH
ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF SET FORTH AT THIS PLACE.

     Unless the certificate of authentication hereon shall have been executed by
the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

                                      A-1-3
<Page>

     IN WITNESS WHEREOF, the Trust has caused this instrument to be duly
executed, by manual or facsimile signature.

                            THE HARTFORD LIFE GLOBAL FUNDING TRUST [-]

Dated: [-]                  By: Wilmington Trust Company, not in its individual
                            capacity but solely as Delaware Trustee.

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

                          CERTIFICATE OF AUTHENTICATION

     This is one of the Notes of the Hartford Life Global Funding Trust [-]
as referred to in the within-mentioned Indenture.

                            JPMORGAN CHASE BANK
                            As Indenture Trustee

Dated: [-]

                            By:
                                -----------------------------
                                authorized officer

                                      A-1-4
<Page>

                                [REVERSE OF NOTE]

SECTION 1. GENERAL. This Note is one of a duly authorized issue of Notes of the
Trust. The Notes are issued pursuant to the Indenture.

SECTION 2. CURRENCY. This Note is denominated in, and payments of principal,
premium, if any, and/or interest, if any, will be made in U.S. Dollars.

SECTION 3. DETERMINATION OF INTEREST RATE AND CERTAIN OTHER TERMS.

       (a) FIXED RATE NOTES. If this Note is specified on the face hereof as a
           "Fixed Rate Note":

           (i) This Note will bear interest at the rate per annum specified on
           the face hereof. Interest on this Note will be computed on the basis
           of a 360-day year of twelve 30-day months.

           (ii) Unless otherwise specified on the face hereof, the Interest
           Payment Dates for this Note will be as follows:

<Table>
<Caption>
                INTEREST PAYMENT FREQUENCY       INTEREST PAYMENT DATES
                ------------------------------   -------------------------------
                <S>                              <C>
                Monthly                          Fifteenth day of each calendar
                                                 month, beginning in the first
                                                 calendar month following the
                                                 month this Note was issued.

                Quarterly                        Fifteenth day of every third
                                                 calendar month, beginning in
                                                 the third calendar month
                                                 following the month this Note
                                                 was issued.

                Semi-annual                      Fifteenth day of every sixth
                                                 calendar month, beginning in
                                                 the sixth calendar month
                                                 following the month this Note
                                                 was issued.

                Annual                           Fifteenth day of every twelfth
                                                 calendar month, beginning in
                                                 the twelfth calendar month
                                                 following the month this Note
                                                 was issued.
</Table>

           (iii) If any Interest Payment Date or the Maturity Date of this Note
           falls on a day that is not a Business Day, the Trust will make the
           required payment of principal, premium, if any, and/or interest or
           other amounts on the next succeeding Business Day, and no additional
           interest will accrue in respect of the payment made on that next
           succeeding Business Day.

       (b) FLOATING RATE NOTES. If this Note is specified on the face hereof as
           a "Floating Rate Note":

                                      A-1-5
<Page>

           (i) INTEREST RATE BASIS. Interest on this Note will be determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases, which may, as described below, include the CD Rate, the CMT
           Rate, the Commercial Paper Rate, the Federal Funds Rate, LIBOR, the
           Prime Rate or the Treasury Rate (each as defined below).

           (ii) EFFECTIVE RATE. The rate derived from the applicable Interest
           Rate Basis will be determined in accordance with the related
           provisions below. The interest rate in effect on each day will be
           based on: (1) if that day is an Interest Reset Date, the rate
           determined as of the Interest Determination Date immediately
           preceding that Interest Reset Date; or (2) if that day is not an
           Interest Reset Date, the rate determined as of the Interest
           Determination Date immediately preceding the most recent Interest
           Reset Date.

           (iii) SPREAD; SPREAD MULTIPLIER; INDEX MATURITY. The "Spread" is the
           number of basis points (one one-hundredth of a percentage point)
           specified on the face hereof to be added to or subtracted from the
           related Interest Rate Basis or Interest Rate Bases applicable to this
           Note. The "Spread Multiplier" is the percentage specified on the face
           hereof of the related Interest Rate Basis or Interest Rate Bases
           applicable to this Note by which the Interest Rate Basis or Interest
           Rate Bases will be multiplied to determine the applicable interest
           rate. The "Index Maturity" is the period to maturity of the
           instrument or obligation with respect to which the related Interest
           Rate Basis or Interest Rate Bases will be calculated.

           (iv) REGULAR FLOATING RATE NOTE. Unless this Note is specified on the
           face hereof as a Floating Rate/Fixed Rate Note, this Note (a "Regular
           Floating Rate Note") will bear interest at the rate determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases: (1) plus or minus the applicable Spread, if any; and/or (2)
           multiplied by the applicable Spread Multiplier, if any. Commencing on
           the first Interest Reset Date, the rate at which interest on this
           Regular Floating Rate Note is payable will be reset as of each
           Interest Reset Date; PROVIDED, HOWEVER, that the interest rate in
           effect for the period, if any, from the Issuance Date to the first
           Interest Reset Date will be the Initial Interest Rate.

           (v) FLOATING RATE/FIXED RATE NOTES. If this Note is specified on the
           face hereof as a "Floating Rate/Fixed Rate Note", this Note will bear
           interest at the rate determined by reference to the applicable
           Interest Rate Basis or Interest Rate Bases: (1) plus or minus the
           applicable Spread, if any; and/or (2) multiplied by the applicable
           Spread Multiplier, if any. Commencing on the first Interest Reset
           Date, the rate at which this Floating Rate/Fixed Rate Note is payable
           will be reset as of each Interest Reset Date; PROVIDED, HOWEVER,
           that: (A) the interest rate in effect for the period, if any, from
           the Issuance Date to the first Interest Reset Date will be the
           Initial Interest Rate specified on the face hereof; and (B) the
           interest rate in effect commencing on the Fixed Rate Commencement
           Date will be the Fixed Interest Rate, if specified on the face
           hereof, or, if not so specified, the interest rate in effect on the
           day immediately preceding the Fixed Rate Commencement Date.

                                      A-1-6
<Page>

           (vi) INTEREST RESET DATES. The period between Interest Reset Dates
           will be the "Interest Reset Period." Unless otherwise specified on
           the face hereof, the Interest Reset Dates will be, in the case of
           this Floating Rate Note if by its terms it resets: (1) daily--each
           Business Day; (2) weekly--the Wednesday of each week, with the
           exception of any weekly reset Floating Rate Note as to which the
           Treasury Rate is an applicable Interest Rate Basis, which will reset
           the Tuesday of each week; (3) monthly--the fifteenth day of each
           calendar month; (4) quarterly--the fifteenth day of March, June,
           September and December of each year; (5) semi-annually--the fifteenth
           day of the two months of each year specified on the face hereof; and
           (6) annually--the fifteenth day of the month of each year specified
           on the face hereof; PROVIDED, HOWEVER, that, with respect to a
           Floating Rate/Fixed Rate Note, the rate of interest thereon will not
           reset after the particular Fixed Rate Commencement Date. If any
           Interest Reset Date for this Floating Rate Note would otherwise be a
           day that is not a Business Day, the particular Interest Reset Date
           will be postponed to the next succeeding Business Day, except that in
           the case of a Floating Rate Note as to which LIBOR is an applicable
           Interest Rate Basis and that Business Day falls in the next
           succeeding calendar month, the particular Interest Reset Date will be
           the immediately preceding Business Day.

           (vii) INTEREST DETERMINATION DATES. The interest rate applicable to
           a Floating Rate Note for an Interest Reset Period commencing on the
           related Interest Reset Date will be determined by reference to the
           applicable Interest Rate Basis as of the particular "Interest
           Determination Date", which will be: (1) with respect to the
           Commercial Paper Rate, Federal Funds Rate and the Prime Rate--the
           Business Day immediately preceding the related Interest Reset Date;
           (2) with respect to the CD Rate and the CMT Rate--the second
           Business Day preceding the related Interest Reset Date; (3) with
           respect to LIBOR--the second London Banking Day preceding the
           related Interest Reset Date; and (4) with respect to the Treasury
           Rate--the day of the week in which the related Interest Reset Date
           falls on which day Treasury Bills (as defined below) are normally
           auctioned (i.e., Treasury Bills are normally sold at auction on
           Monday of each week, unless that day is a legal holiday, in which
           case the auction is normally held on the following Tuesday, except
           that the auction may be held on the preceding Friday); PROVIDED,
           HOWEVER, that if an auction is held on the Friday of the week
           preceding the related Interest Reset Date, the Interest
           Determination Date will be the preceding Friday. The Interest
           Determination Date pertaining to a Floating Rate Note, the interest
           rate of which is determined with reference to two or more Interest
           Rate Bases, will be the latest Business Day which is at least two
           Business Days before the related Interest Reset Date for the
           applicable Floating Rate Note on which each Interest Reset Basis is
           determinable.

           (viii) CALCULATION DATES. The interest rate applicable to each
           Interest Reset Period will be determined by the Calculation Agent on
           or prior to the Calculation Date (as defined below), except with
           respect to LIBOR, which will be determined on the particular Interest
           Determination Date. Upon request of the Holder of a Floating Rate
           Note, the Calculation Agent will disclose the interest rate then in
           effect and, if determined, the interest rate that will become
           effective as a result of a determination made for the next succeeding
           Interest Reset Date with respect to such Floating Rate Note. The
           "Calculation Date", if applicable, pertaining to any Interest
           Determination

                                      A-1-7
<Page>

           Date will be the earlier of: (1) the tenth calendar day after the
           particular Interest Determination Date or, if such day is not a
           Business Day, the next succeeding Business Day; or (2) the Business
           Day immediately preceding the applicable Interest Payment Date or the
           Maturity Date, as the case may be.

           (ix) MAXIMUM OR MINIMUM INTEREST RATE. If specified on the face
           hereof, this Note may have either or both of a Maximum Interest Rate
           or a Minimum Interest Rate. If a Maximum Interest Rate is so
           designated, the interest rate for a Floating Rate Note cannot ever
           exceed such Maximum Interest Rate and in the event that the interest
           rate on any Interest Reset Date would exceed such Maximum Interest
           Rate (as if no Maximum Interest Rate were in effect) then the
           interest rate on such Interest Reset Date shall be the Maximum
           Interest Rate. If a Minimum Interest Rate is so designated, the
           interest rate for a Floating Rate Note cannot ever be less than such
           Minimum Interest Rate and in the event that the interest rate on any
           Interest Reset Date would be less than such Minimum Interest Rate (as
           if no Minimum Interest Rate were in effect) then the interest rate on
           such Interest Reset Date shall be the Minimum Interest Rate.
           Notwithstanding anything to the contrary contained herein, the
           interest rate on a Floating Rate Note shall not exceed the maximum
           interest rate permitted by applicable law.

           (x) INTEREST PAYMENTS. Unless otherwise specified on the face hereof,
           the Interest Payment Dates will be, in the case of a Floating Rate
           Note which resets: (1) daily, weekly or monthly--the fifteenth day of
           each calendar month or on the fifteenth day of March, June, September
           and December of each year, as specified on the face hereof; (2)
           quarterly--the fifteenth day of March, June, September and December
           of each year; (3) semi-annually--the fifteenth day of the two months
           of each year specified on the face hereof; and (4) annually--the
           fifteenth day of the month of each year as specified on the face
           hereof. In addition, the Maturity Date will also be an Interest
           Payment Date. If any Interest Payment Date other than the Maturity
           Date for this Floating Rate Note would otherwise be a day that is not
           a Business Day, such Interest Payment Date will be postponed to the
           next succeeding Business Day, except that in the case of a Floating
           Rate Note as to which LIBOR is an applicable Interest Rate Basis and
           that Business Day falls in the next succeeding calendar month, the
           particular Interest Payment Date will be the immediately preceding
           Business Day. If the Maturity Date of a Floating Rate Note falls on a
           day that is not a Business Day, the Trust will make the required
           payment of principal, premium, if any, and interest or other amounts
           on the next succeeding Business Day, and no additional interest will
           accrue in respect of the payment made on that next succeeding
           Business Day.

           (xi) ROUNDING. Unless otherwise specified on the face hereof, all
           percentages resulting from any calculation on this Floating Rate Note
           will be rounded to the nearest one hundred-thousandth of a percentage
           point, with five one-millionths of a percentage point rounded
           upwards. All dollar amounts used in or resulting from any calculation
           on this Floating Rate Note will be rounded, in the case of U.S.
           Dollars, to the nearest cent or, in the case of a Foreign Currency,
           to the nearest unit (with one-half cent or unit being rounded
           upwards).

                                      A-1-8
<Page>

           (xii) INTEREST FACTOR. With respect to a Floating Rate Note, accrued
           interest is calculated by multiplying the principal amount of such
           Note by an accrued interest factor. The accrued interest factor is
           computed by adding the interest factor calculated for each day in the
           particular Interest Reset Period. The interest factor for each day
           will be computed by dividing the interest rate applicable to such day
           by 360, in the case of a Floating Rate Note as to which the CD Rate,
           the Commercial Paper Rate, the Federal Funds Rate, LIBOR or the Prime
           Rate is an applicable Interest Rate Basis, or by the actual number of
           days in the year, in the case of a Floating Rate Note as to which the
           CMT Rate or the Treasury Rate is an applicable Interest Rate Basis.
           The interest factor for a Floating Rate Note as to which the interest
           rate is calculated with reference to two or more Interest Rate Bases
           will be calculated in each period in the same manner as if only the
           Interest Rate Basis specified under "Additional/Other Terms" applied.

           (xiii) DETERMINATION OF INTEREST RATE BASIS. The Calculation Agent
           shall determine the rate derived from each Interest Rate Basis in
           accordance with the following provisions.

               (A) CD RATE NOTES. If the Interest Rate Basis is the CD Rate,
               this Note shall be deemed a "CD Rate Note." Unless otherwise
               specified on the face hereof, "CD Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (1) the rate on the particular Interest Determination Date
                    for negotiable United States dollar certificates of deposit
                    having the Index Maturity specified on the face hereof as
                    published in H.15(519) (as defined below) under the caption
                    "CDs (secondary market)"; or

                    (2) if the rate referred to in clause (1) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date for negotiable United States dollar
                    certificates of deposit of the particular Index Maturity as
                    published in H.15 Daily Update (as defined below), or other
                    recognized electronic source used for the purpose of
                    displaying the applicable rate, under the caption "CDs
                    (secondary market)"; or

                    (3) if the rate referred to in clause (2) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the secondary market offered rates as
                    of 10:00 A.M., New York City time, on that Interest
                    Determination Date, of three leading non-bank dealers in
                    negotiable United States dollar certificates of deposit in
                    The City of New York (which may include the purchasing agent
                    or its affiliates) selected by the Calculation Agent for
                    negotiable United States dollar certificates of deposit of
                    major United States money market banks for negotiable United
                    States certificates of deposit with a remaining

                                      A-1-9
<Page>

                    maturity closest to the particular Index Maturity in an
                    amount that is representative for a single transaction in
                    that market at that time; or

                    (4) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (3), the CD Rate in
                    effect on the particular Interest Determination Date.

               "H.15(519)" means the weekly statistical release designated as
               H.15(519), or any successor publication, published by the Board
               of Governors of the Federal Reserve System.

               "H.15 Daily Update" means the daily update of H.15(519),
               available through the world-wide-web site of the Board of
               Governors of the Federal Reserve System at
               http//www.federalreserve.gov/releases/H15/update, or any
               successor site or publication.

               (B) CMT RATE NOTES. If the Interest Rate Basis is the CMT Rate,
               this Note shall be deemed a "CMT Rate Note." Unless otherwise
               specified on the face hereof, "CMT Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (1) if CMT Moneyline Telerate Page 7051 is specified on the
                    face hereof:

                         i.      the percentage equal to the yield for United
                                 States Treasury securities at "constant
                                 maturity" having the Index Maturity specified
                                 on the face hereof as published in H.15(519)
                                 under the caption "Treasury Constant
                                 Maturities", as the yield is displayed on
                                 Moneyline Telerate (or any successor service)
                                 on page 7051 (or any other page as may replace
                                 the specified page on that service) ("Moneyline
                                 Telerate Page 7051"), for the particular
                                 Interest Determination Date; or

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7051, the
                                 percentage equal to the yield for United States
                                 Treasury securities at "constant maturity"
                                 having the particular Index Maturity and for
                                 the particular Interest Determination Date as
                                 published in H.15(519) under the caption
                                 "Treasury Constant Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the rate on the
                                 particular Interest Determination Date for the
                                 period of the particular Index Maturity as may
                                 then be published by either the Federal Reserve
                                 System Board of Governors or the United States
                                 Department of the Treasury that the Calculation
                                 Agent determines to be comparable to the

                                     A-1-10
<Page>

                                 rate which would otherwise have been published
                                 in H.15(519); or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest Determination Date
                                 of three leading primary United States
                                 government securities dealers in The City of
                                 New York (which may include the purchasing
                                 agent or its affiliates) (each, a "Reference
                                 Dealer") selected by the Calculation Agent from
                                 five Reference Dealers selected by the
                                 Calculation Agent and eliminating the highest
                                 quotation, or, in the event of equality, one of
                                 the highest, and the lowest quotation or, in
                                 the event of equality, one of the lowest, for
                                 United States Treasury securities with an
                                 original maturity equal to the particular Index
                                 Maturity, a remaining term to maturity no more
                                 than one year shorter than that Index Maturity
                                 and in a principal amount that is
                                 representative for a single transaction in the
                                 securities in that market at that time; or

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on that Interest
                                 Determination Date of three Reference Dealers
                                 selected by the Calculation Agent from five
                                 Reference Dealers selected by the Calculation
                                 Agent and eliminating the highest quotation or,
                                 in the event of equality, one of the highest
                                 and the lowest quotation or, in the event of
                                 equality, one of the lowest, for United States
                                 Treasury securities with an original maturity
                                 greater than the particular Index Maturity, a
                                 remaining term to maturity closest to that
                                 Index Maturity and in a principal amount that
                                 is representative for a single transaction in
                                 the securities in that market at that time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest

                                     A-1-11
<Page>

                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on the particular Interest
                                 Determination Date; or

                    (2) if CMT Moneyline Telerate Page 7052 is specified on the
                    face hereof:

                         i.      the percentage equal to the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 Index Maturity specified on the face hereof as
                                 published in H.15(519) opposite the caption
                                 "Treasury Constant Maturities", as the yield is
                                 displayed on Moneyline Telerate (or any
                                 successor service) (on page 7052 or any other
                                 page as may replace the specified page on that
                                 service) ("Moneyline Telerate Page 7052"), for
                                 the week or month, as applicable, ended
                                 immediately preceding the week or month, as
                                 applicable, in which the particular Interest
                                 Determination Date falls; or

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7052, the
                                 percentage equal to the one-week or one-month,
                                 as specified on the face hereof, average yield
                                 for United States Treasury securities at
                                 "constant maturity" having the particular Index
                                 Maturity and for the week or month, as
                                 applicable, preceding the particular Interest
                                 Determination Date as published in H.15(519)
                                 opposite the caption "Treasury Constant
                                 Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 particular Index Maturity as otherwise
                                 announced by the Federal Reserve Bank of New
                                 York for the week or month, as applicable,
                                 ended immediately preceding the week or month,
                                 as applicable, in which the particular Interest
                                 Determination Date falls; or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest Determination Date
                                 of three Reference Dealers selected by the

                                     A-1-12
<Page>

                                 Calculation Agent from five Reference Dealers
                                 selected by the Calculation Agent and
                                 eliminating the highest quotation, or, in the
                                 event of equality, one of the highest, and the
                                 lowest quotation or, in the event of equality,
                                 one of the lowest, for United States Treasury
                                 securities with an original maturity equal to
                                 the particular Index Maturity, a remaining term
                                 to maturity no more than one year shorter than
                                 that Index Maturity and in a principal amount
                                 that is representative for a single transaction
                                 in the securities in that market at that time;
                                 or

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on that Interest
                                 Determination Date of three Reference Dealers
                                 selected by the Calculation Agent from five
                                 Reference Dealers selected by the Calculation
                                 Agent and eliminating the highest quotation or,
                                 in the event of equality, one of the highest
                                 and the lowest quotation or, in the event of
                                 equality, one of the lowest, for United States
                                 Treasury securities with an original maturity
                                 greater than the particular Index Maturity, a
                                 remaining term to maturity closest to that
                                 Index Maturity and in a principal amount that
                                 is representative for a single transaction in
                                 the securities in that market at the time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest
                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on that Interest Determination
                                 Date.

                    If two United States Treasury securities with an original
                    maturity greater than the Index Maturity specified on the
                    face hereof have remaining terms

                                     A-1-13
<Page>

                    to maturity equally close to the particular Index Maturity,
                    the quotes for the United States Treasury security with the
                    shorter original remaining term to maturity will be used.

               (C) COMMERCIAL PAPER RATE NOTES. If the Interest Rate Basis is
               the Commercial Paper Rate, this Note shall be deemed a
               "Commercial Paper Rate Note." Unless otherwise specified on the
               face hereof, "Commercial Paper Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (1) the Money Market Yield (as defined below) on the
                    particular Interest Determination Date of the rate for
                    commercial paper having the Index Maturity specified on the
                    face hereof as published in H.15(519) under the caption
                    "Commercial Paper--Nonfinancial"; or

                    (2) if the rate referred to in clause (1) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Money Market Yield of the rate on the
                    particular Interest Determination Date for commercial paper
                    having the particular Index Maturity as published in H.15
                    Daily Update, or such other recognized electronic source
                    used for the purpose of displaying the applicable rate,
                    under the caption "Commercial Paper--Nonfinancial"; or

                    (3) if the rate referred to in clause (2) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the Money Market Yield of the arithmetic mean of the offered
                    rates at approximately 11:00 A.M., New York City time, on
                    that Interest Determination Date of three leading dealers of
                    United States dollar commercial paper in The City of New
                    York (which may include the purchasing agent or its
                    affiliates) selected by the Calculation Agent for commercial
                    paper having the particular Index Maturity placed for
                    industrial issuers whose bond rating is "Aa", or the
                    equivalent, from a nationally recognized statistical rating
                    organization; or

                    (4) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (3), the Commercial Paper
                    Rate in effect on the particular Interest Determination
                    Date.

               "Money Market Yield" means a yield (expressed as a percentage)
               calculated in accordance with the following formula:

                    Money Market Yield =           D X 360       X 100
                                              ----------------
                                                360 - (D X M)

               where "D" refers to the applicable per annum rate for commercial
               paper quoted on a bank discount basis and expressed as a decimal,
               and "M" refers to the actual number of days in the applicable
               Interest Reset Period.

                                     A-1-14
<Page>

               (D) FEDERAL FUNDS RATE NOTES. If the Interest Rate Basis is the
               Federal Funds Rate, this Note shall be deemed a "Federal Funds
               Rate Note." Unless otherwise specified on the face hereof,
               "Federal Funds Rate" means, from the Issuance Date to the first
               Interest Reset Date, the Initial Interest Rate, if any, and
               thereafter:

                    (1) the rate on the particular Interest Determination Date
                    for United States dollar federal funds as published in
                    H.15(519) under the caption "Federal Funds (Effective)" and
                    displayed on Moneyline Telerate (or any successor service)
                    on page 120 (or any other page as may replace the specified
                    page on that service) ("Moneyline Telerate Page 120"); or

                    (2) if the rate referred to in clause (1) does not so appear
                    on Moneyline Telerate Page 120 or is not so published by
                    3:00 P.M., New York City time, on the related Calculation
                    Date, the rate on the particular Interest Determination Date
                    for United States dollar federal funds as published in H.15
                    Daily Update, or such other recognized electronic source
                    used for the purpose of displaying the applicable rate,
                    under the caption "Federal Funds (Effective)"; or

                    (3) if the rate referred to in clause (2) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the rates for the last transaction in
                    overnight United States dollar federal funds arranged by
                    three leading brokers of United States dollar federal funds
                    transactions in The City of New York (which may include the
                    purchasing agent or its affiliates) selected by the
                    Calculation Agent prior to 9:00 A.M., New York City time, on
                    that Interest Determination Date; or

                    (4) if the brokers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (3), the Federal Funds
                    Rate in effect on the particular Interest Determination
                    Date.

               (E) LIBOR NOTES. If the Interest Rate Basis is LIBOR, this Note
               shall be deemed a "LIBOR Note." Unless otherwise specified on the
               face hereof, "LIBOR" means, from the Issuance Date to the first
               Interest Reset Date, the Initial Interest Rate, if any, and
               thereafter:

                    (1) if "LIBOR Moneyline Telerate" is specified on the face
                    hereof or if neither "LIBOR Reuters" nor "LIBOR Moneyline
                    Telerate" is specified on the face hereof as the method for
                    calculating LIBOR, the rate for deposits in the LIBOR
                    Currency (as defined below) having the Index Maturity
                    specified on the face hereof, commencing on the related
                    Interest Reset Date, that appears on the LIBOR Page (as
                    defined below) as of 11:00 A.M., London time, on the
                    particular Interest Determination Date; or

                                     A-1-15
<Page>

                    (2) if "LIBOR Reuters" is specified on the face hereof, the
                    arithmetic mean of the offered rates, calculated by the
                    Calculation Agent, or the offered rate, if the LIBOR Page by
                    its terms provides only for a single rate, for deposits in
                    the LIBOR Currency having the particular Index Maturity,
                    commencing on the related Interest Reset Date, that appear
                    or appears, as the case may be, on the LIBOR Page as of
                    11:00 A.M., London time, on the particular Interest
                    Determination Date; or

                    (3) if fewer than two offered rates appear, or no rate
                    appears, as the case may be, on the particular Interest
                    Determination Date on the LIBOR Page as specified in clause
                    (1) or (2), as applicable, the rate calculated by the
                    Calculation Agent as the arithmetic mean of at least two
                    offered quotations obtained by the Calculation Agent after
                    requesting the principal London offices of each of four
                    major reference banks (which may include affiliates of the
                    purchasing agent) in the London interbank market to provide
                    the Calculation Agent with its offered quotation for
                    deposits in the LIBOR Currency for the period of the
                    particular Index Maturity, commencing on the related
                    Interest Reset Date, to prime banks in the London interbank
                    market at approximately 11:00 A.M., London time, on that
                    Interest Determination Date and in a principal amount that
                    is representative for a single transaction in the LIBOR
                    Currency in that market at that time; or

                    (4) if fewer than two offered quotations referred to in
                    clause (3) are provided as requested, the rate calculated by
                    the Calculation Agent as the arithmetic mean of the rates
                    quoted at approximately 11:00 A.M., in the applicable
                    Principal Financial Center, on the particular Interest
                    Determination Date by three major banks (which may include
                    affiliates of the purchasing agent) in that Principal
                    Financial Center selected by the Calculation Agent for loans
                    in the LIBOR Currency to leading European banks, having the
                    particular Index Maturity and in a principal amount that is
                    representative for a single transaction in the LIBOR
                    Currency in that market at that time; or

                    (5) if the banks so selected by the Calculation Agent are
                    not quoting as mentioned in clause (4), LIBOR in effect on
                    the particular Interest Determination Date.

               "LIBOR Currency" means the currency specified on the face hereof
               as to which LIBOR shall be calculated or, if no currency is
               specified on the face hereof, United States dollars.

               "LIBOR Page" means either: (1) if "LIBOR Reuters" is specified on
               the face hereof, the display on the Reuter Monitor Money Rates
               Service (or any successor service) on the page specified on the
               face hereof (or any other page as may replace that page on that
               service) for the purpose of displaying the London interbank rates
               of major banks for the LIBOR Currency; or (2) if "LIBOR

                                     A-1-16
<Page>

               Moneyline Telerate" is specified on the face hereof or neither
               "LIBOR Reuters" nor "LIBOR Moneyline Telerate" is specified on
               the face hereof as the method for calculating LIBOR, the display
               on Moneyline Telerate (or any successor service) on the page
               specified on the face hereof (or any other page as may replace
               such page on such service), or if no such page is specified, on
               the Moneyline Telerate (or any successor service) page generally
               used for the purpose of displaying the London interbank rates of
               major banks for the LIBOR Currency.

               (F) PRIME RATE NOTES. If the Interest Rate Basis is the Prime
               Rate, this Note shall be deemed a "Prime Rate Note." Unless
               otherwise specified on the face hereof, "Prime Rate" means, from
               the Issuance Date to the first Interest Reset Date, the Initial
               Interest Rate, if any, and thereafter:

                    (1) the rate on the particular Interest Determination Date
                    as published in H.15(519) under the caption "Bank Prime
                    Loan"; or

                    (2) if the rate referred to in clause (1) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date as published in H.15 Daily Update, or
                    such other recognized electronic source used for the purpose
                    of displaying the applicable rate, under the caption "Bank
                    Prime Loan", or

                    (3) if the rate referred to in clause (2) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the rates of interest publicly
                    announced by each bank that appears on the Reuters Screen US
                    PRIME 1 Page (as defined below) as the applicable bank's
                    prime rate or base lending rate as of 11:00 A.M., New York
                    City time, on that Interest Determination Date; or

                    (4) if fewer than four rates referred to in clause (3) are
                    so published by 3:00 p.m., New York City time, on the
                    related Calculation Date, the rate calculated by the
                    Calculation Agent as the particular Interest Determination
                    Date as the arithmetic mean of the prime rates or base
                    lending rates quoted on the basis of the actual number of
                    days in the year divided by a 360-day year as of the close
                    of business on that Interest Determination Date by three
                    major banks (which may include affiliates of the purchasing
                    agent) in The City of New York selected by the Calculation
                    Agent; or

                    (5) if the banks so selected by the Calculation Agent are
                    not quoting as mentioned in clause (4), the Prime Rate in
                    effect on the particular Interest Determination Date.

               "Reuters Screen US PRIME 1 Page" means the display on the Reuter
               Monitor Money Rates Service (or any successor service) on the "US
               PRIME 1" page (or

                                     A-1-17
<Page>

               any other page as may replace that page on that service) for the
               purpose of displaying prime rates or base lending rates of major
               United States banks.

               (G) TREASURY RATE NOTES. If the Interest Rate Basis is the
               Treasury Rate, this Note shall be deemed a "Treasury Rate Note."
               Unless otherwise specified on the face hereof, "Treasury Rate"
               means, from the Issuance Date to the first Interest Reset Date,
               the Initial Interest Rate, if any, and thereafter:

                    (1) the rate from the auction held on the Interest
                    Determination Date (the "Auction") of direct obligations of
                    the United States ("Treasury Bills") having the Index
                    Maturity specified on the face hereof under the caption
                    "INVESTMENT RATE" on the display on Moneyline Telerate (or
                    any successor service) on page 56 (or any other page as may
                    replace that page on that service) ("Moneyline Telerate Page
                    56") or page 57 (or any other page as may replace that page
                    on that service) ("Moneyline Telerate Page 57"); or

                    (2) if the rate referred to in clause (1) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Bond Equivalent Yield (as defined
                    below) of the rate for the applicable Treasury Bills as
                    published in H.15 Daily Update, or another recognized
                    electronic source used for the purpose of displaying the
                    applicable rate, under the caption "U.S. Government
                    Securities/Treasury Bills/Auction High"; or

                    (3) if the rate referred to in clause (2) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the Bond Equivalent Yield of the auction
                    rate of the applicable Treasury Bills as announced by the
                    United States Department of the Treasury; or

                    (4) if the rate referred to in clause (3) is not so
                    announced by the United States Department of the Treasury,
                    or if the Auction is not held, the Bond Equivalent Yield of
                    the rate on the particular Interest Determination Date of
                    the applicable Treasury Bills as published in H.15(519)
                    under the caption "U.S. Government Securities/Treasury
                    Bills/Secondary Market"; or

                    (5) if the rate referred to in clause (4) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date of the applicable Treasury Bills as
                    published in H.15 Daily Update, or another recognized
                    electronic source used for the purpose of displaying the
                    applicable rate, under the caption "U.S. Government
                    Securities/Treasury Bills/Secondary Market"; or

                    (6) if the rate referred to in clause (5) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the Bond Equivalent Yield of the arithmetic mean of the
                    secondary

                                     A-1-18
<Page>

                    market bid rates, as of approximately 3:30 P.M., New York
                    City time, on that Interest Determination Date, of three
                    primary United States government securities dealers (which
                    may include the purchasing agent or its affiliates) selected
                    by the Calculation Agent, for the issue of Treasury Bills
                    with a remaining maturity closest to the Index Maturity
                    specified on the face hereof; or

                    (7) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (6), the Treasury Rate in
                    effect on the particular Interest Determination Date.

               "Bond Equivalent Yield" means a yield (expressed as a percentage)
               calculated in accordance with the following formula:

                    Bond Equivalent Yield =         D X N        X 100
                                              -----------------
                                                360 - (D X M)

               where "D" refers to the applicable per annum rate for Treasury
               Bills quoted on a bank discount basis and expressed as a decimal,
               "N" refers to 365 or 366, as the case may be, and "M" refers to
               the actual number of days in the applicable Interest Reset
               Period.

       (c) DISCOUNT NOTES. If this Note is specified on the face hereof as a
           "Discount Note":

           (i) PRINCIPAL AND INTEREST. This Note will bear interest in the same
           manner as set forth in Section 3(a) above, and payments of principal
           and interest shall be made as set forth on the face hereof. Discount
           Notes may not bear any interest currently or may bear interest at a
           rate that is below market rates at the time of issuance. The
           difference between the Issue Price of a Discount Note and par is
           referred to as the "Discount".

           (ii) REDEMPTION; REPAYMENT; ACCELERATION. In the event a Discount
           Note is redeemed, repaid or accelerated, the amount payable to the
           Holder of such Discount Note will be equal to the sum of: (A) the
           Issue Price (increased by any accruals of Discount) and, in the event
           of any redemption of such Discount Note, if applicable, multiplied by
           the Initial Redemption Percentage (as adjusted by the Annual
           Redemption Percentage Reduction, if applicable); and (B) any unpaid
           interest accrued on such Discount Note to the Maturity Date
           ("Amortized Face Amount"). Unless otherwise specified on the face
           hereof, for purposes of determining the amount of Discount that has
           accrued as of any date on which a redemption, repayment or
           acceleration of maturity occurs for a Discount Note, a Discount will
           be accrued using a constant yield method. The constant yield will be
           calculated using a 30-day month, 360-day year convention, a
           compounding period that, except for the Initial Period (as defined
           below), corresponds to the shortest period between Interest Payment
           Dates for the applicable Discount Note (with ratable accruals within
           a compounding period), a coupon rate equal to the initial coupon rate
           applicable to the applicable Discount Note and an assumption that the
           maturity of such Discount Note will not be accelerated. If the period
           from the date of issue to the first Interest Payment Date for a
           Discount Note (the "Initial Period") is shorter than the compounding
           period for such Discount Note,

                                     A-1-19
<Page>

           a proportionate amount of the yield for an entire compounding period
           will be accrued. If the Initial Period is longer than the compounding
           period, then the period will be divided into a regular compounding
           period and a short period with the short period being treated as
           provided above.

SECTION 4. REDEMPTION. If no redemption right is set forth on the face hereof,
this Note may not be redeemed prior to the Stated Maturity Date, except as set
forth in the Indenture. If a redemption right is set forth on the face of this
Note, the Trust shall redeem this Note on the Interest Payment Date after the
Initial Redemption Date set forth on the face hereof on which the Funding
Agreement is to be redeemed in whole or in part by Hartford Life Insurance
Company ("Hartford Life") (each, a "Redemption Date"), in which case this Note
must be redeemed on such Redemption Date in whole or in part, as applicable,
prior to the Stated Maturity Date, in increments of $1,000 at the applicable
Redemption Price (as defined below), together with unpaid interest, if any,
accrued thereon to, but excluding, the applicable Redemption Date. "Redemption
Price" shall mean an amount equal to the Initial Redemption Percentage (as
adjusted by the Annual Redemption Percentage Reduction, if applicable)
multiplied by the unpaid Principal Amount of this Note to be redeemed (or in the
case of Discount Notes, multiplied as set forth in Section 3(c)(ii) above). The
unpaid Principal Amount of this Note to be redeemed shall be determined by
multiplying (1) the Outstanding Principal Amount of this Note by (2) the
quotient derived by dividing (A) the outstanding principal amount of the Funding
Agreement to be redeemed by Hartford Life by (B) the outstanding principal
amount of the Funding Agreement. The Initial Redemption Percentage, if any,
applicable to this Note shall decline at each anniversary of the Initial
Redemption Date by an amount equal to the applicable Annual Redemption
Percentage Reduction, if any, until the Redemption Price is equal to 100% of the
unpaid amount thereof to be redeemed. Notice must be given not more than
seventy-five (75) nor less than thirty (30) calendar days prior to the proposed
Redemption Date. In the event of redemption of this Note in part only, a new
Note for the unredeemed portion hereof shall be issued in the name of the Holder
hereof upon the surrender hereof.

SECTION 5. SINKING FUNDS. Unless specified on the face hereof, this Note will
not be subject to, or entitled to the benefit of, any sinking fund.

SECTION 6. MODIFICATIONS AND WAIVERS. The Indenture contains provisions
permitting the Trust and the Indenture Trustee (1) at any time and from time to
time without notice to, or the consent of, the Holders of any Notes issued under
the Indenture to enter into one or more supplemental indentures for certain
enumerated purposes and (2) with the consent of the Holders of a majority in
aggregate principal amount of the Outstanding Notes affected thereby, to enter
into one or more supplemental indentures for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, the Indenture or of modifying in any manner the rights of Holders of Notes
under the Indenture; PROVIDED, that, with respect to certain enumerated
provisions, no such supplemental indenture shall be entered into without the
consent of the Holder of each Note affected thereby. Any such consent or waiver
by the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future Holders of this Note and of any Note 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 or such other
Notes.

                                     A-1-20
<Page>

SECTION 7. OBLIGATIONS UNCONDITIONAL. No reference herein to the Indenture and
no provisions of this Note or of the Indenture shall impair the right of each
Holder of any Note, which is absolute and unconditional, to receive payment of
the principal of, and any interest on, and premium, if any, on, such Note on the
respective Stated Maturity Date or redemption date thereof and to institute suit
for the enforcement of any such payment, and such rights shall not be impaired
without the consent of such Holder.

SECTION 8. EVENTS OF DEFAULT. If an Event of Default with respect to the Notes
shall occur and be continuing, the principal of, and all other amounts payable
on, the Notes may be declared due and payable, or may be automatically
accelerated, as the case may be, in the manner and with the effect provided in
the Indenture. In the event that this Note is a Discount Note, the amount of
principal of this Note that becomes due and payable upon such acceleration shall
be equal to the amount calculated as set forth in Section 3(c) hereof.

SECTION 9. WITHHOLDING; NO ADDITIONAL AMOUNTS; TAX EVENT. All amounts due in
respect of this Note will be made free and clear of any applicable withholding
or deduction for or on account of any present or future taxes, duties, levies,
assessments or other governmental charges of whatever nature imposed or levied
by or on behalf of any governmental authority, unless such withholding or
deduction is required by law. The Trust will not pay any additional amounts to
the Holder of this Note in respect of any such withholding or deduction, any
such withholding or deduction will not give rise to an event of default or any
independent right or obligation to redeem this Note and the Holder will be
deemed for all purposes to have received cash in an amount equal to the portion
of such withholding or deduction that is attributable to such Holder's interest
in this Note as equitably determined by the Trust.

     If (1) a Tax Event (defined below) as to the relevant Funding Agreement
occurs and (2) Hartford Life elects to redeem the Funding Agreement in whole or
in part, the Trust will redeem this Note, subject to the terms and conditions of
SECTION 2.04 of the Indenture, at the Tax Event Redemption Price (defined below)
together with unpaid interest accrued thereon to the applicable redemption date.
"Tax Event" means that Hartford Life shall have received an opinion of
independent legal counsel stating in effect that as a result of (a) any
amendment to, or change (including any announced prospective change) in, the
laws (or any regulations thereunder) of the United States or any political
subdivision or taxing authority thereof or therein or (b) any amendment to, or
change in, an interpretation or application of any such laws or regulations by
any governmental authority in the United States, which amendment or change is
enacted, promulgated, issued or announced on or after the effective date of the
relevant Funding Agreement, there is more than an insubstantial risk that (i)
the Trust is, or will be within ninety (90) days of the date thereof, subject to
U.S. federal income tax with respect to interest accrued or received on the
relevant Funding Agreement or (ii) the Trust is, or will be within ninety (90)
days of the date thereof, subject to more than a de minimis amount of taxes,
duties or other governmental charges. "Tax Event Redemption Price" means an
amount equal to the unpaid principal amount of this Note to be redeemed, which
shall be determined by multiplying (1) the Outstanding Principal Amount of this
Note by (2) the quotient derived by dividing (A) the outstanding principal
amount to be redeemed by Hartford Life of the Funding Agreement by (B) the
outstanding principal amount of the Funding Agreement.

                                     A-1-21
<Page>

SECTION 10. LISTING. Unless otherwise specified on the face hereof, this Note
will not be listed on any securities exchange.

SECTION 11. COLLATERAL. The Collateral for this Note includes the Funding
Agreement specified on the face hereof.

SECTION 12. NO RECOURSE AGAINST CERTAIN PERSONS. No recourse shall be had for
the payment of any principal, interest or any other sums at any time owing under
the terms of this Note, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental
thereto, against the Nonrecourse Parties, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such personal liability being, by the acceptance hereof and as
part of the consideration for issue hereof, expressly waived and released.

SECTION 13. MISCELLANEOUS.

     (a) This Note is issuable only as a registered Note without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof
unless otherwise specified on the face of this Note.

     (b) Prior to due presentment for registration of transfer of this Note, the
Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent, and
any other agent of the Trust or the Indenture Trustee may treat the Person in
whose name this Note is registered as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Note shall be overdue, and none of the Trust, the Indenture Trustee, the
Registrar, the Paying Agent, any Agent, or any other agent of the Trust or the
Indenture Trustee shall be affected by notice to the contrary.

     (c) The Notes are being issued by means of a book-entry-only system with no
physical distribution of certificates to be made except as provided in the
Indenture. The book-entry system maintained by DTC will evidence ownership of
the Notes, with transfers of ownership effected on the records of DTC and its
participants pursuant to rules and procedures established by DTC and its
participants. The Trust and the Indenture Trustee will recognize Cede & Co., as
nominee of DTC, as the registered owner of the Notes, as the Holder of the Notes
for all purposes, including payment of principal, premium (if any) and interest,
notices and voting. Transfer of principal, premium (if any) and interest to
participants of DTC will be the responsibility of DTC, and transfer of
principal, premium (if any) and interest to beneficial holders of the Notes by
participants of DTC will be the responsibility of such participants and other
nominees of such beneficial holders. So long as the book-entry system is in
effect, the selection of any Notes to be redeemed or repaid will be determined
by DTC pursuant to rules and procedures established by DTC and its participants.
Neither the Trust nor the Indenture Trustee will not be responsible or liable
for such transfers or payments or for maintaining, supervising or reviewing the
records maintained by DTC, its participants or persons acting through such
participants.

     (d) This Note or portion hereof may not be exchanged for Definitive Notes,
except in the limited circumstances provided for in the Indenture. The transfer
or exchange of Definitive

                                     A-1-22
<Page>

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

SECTION 14. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                                     A-1-23
<Page>

                             SURVIVOR'S OPTION RIDER

     (a) Unless this Note, on its face, has been declared due and payable prior
to the Maturity Date by reason of any Event of Default under the Indenture, or
has been previously redeemed or otherwise repaid, the authorized Representative
(as defined below) of a deceased Beneficial Owner (as defined below) of this
Note shall have the option to elect repayment by the Trust in whole or in part
prior to the Maturity Date following the death of the Beneficial Owner (a
"Survivor's Option"). The Survivor's Option may not be exercised unless this
Note was held by the Beneficial Owner for a period beginning at least 12 full
months immediately prior to the date of such deceased Beneficial Owner's death.
"Beneficial Owner" as used in this Survivor's Option Rider means, with respect
to this Note, the person who has the right, immediately prior to such person's
death, to receive the proceeds from the disposition of this Note, as well as the
right to receive payments on this Note.

     (b) Upon (1) the valid exercise of the Survivor's Option and the proper
tender of this Note by or on behalf of a person that has authority to act on
behalf of the deceased Beneficial Owner of this Note under the laws of the
appropriate jurisdiction (including, without limitation, the personal
representative or executor of the deceased Beneficial Owner or the surviving
joint owner of the deceased Beneficial Owner) (the "Representative") and (2) the
tender and acceptance of that portion of the Funding Agreement equal to the
amount of the portion of this Note to be repaid, the Trust shall repay this Note
(or portion thereof) at a price equal to 100% of the unpaid Principal Amount of
the deceased Beneficial Owner's beneficial interest in this Note plus accrued
and unpaid interest to, but excluding, the date of such repayment. However, the
Trust shall not be obligated to repay:

         (i) beneficial ownership interests in Notes exceeding the greater of
         $1,000,000 or 1% in aggregate principal amount for all Outstanding
         notes issued under the Hartford Life Global Funding IncomeNotes(SM)
         program to which the Survivor Option applies as of the end of the most
         recent calendar year (the "Annual Put Limitation") or such greater
         amounts as determined in accordance with the Funding Agreement(s)
         securing the Notes of the Trust and set forth in the Pricing
         Supplement;

         (ii) on behalf of a deceased Beneficial Owner, any beneficial ownership
         interest in Hartford Life Global Funding IncomeNotes(SM) that exceeds
         $250,000 in aggregate in any calendar year (the "Individual Put
         Limitation"), or such greater amount as determined in accordance with
         such Funding Agreement(s) and set forth in the Pricing Supplement; or

         (iii) beneficial ownership interests in Notes of the Trust exceeding
         the Trust Put Limitation, if any, specified in the Pricing Supplement
         (the "Trust Put Limitation").

     (c) The Trust shall not make principal repayments pursuant to exercise of
the Survivor's Option in amounts that are less than $1,000, and, in the event
that the limitations described in the preceding sentence would result in the
partial repayment of this Note, the Principal Amount remaining Outstanding after
repayment must be at least $1,000 (the minimum authorized denomination of the
Notes).

                                     A-1-24
<Page>

     (d) An otherwise valid election to exercise the Survivor's Option may not
be withdrawn.

     (e) Election to exercise the Survivor's Option will be accepted in the
order that elections are received by the Indenture Trustee, except for any Notes
(or portion thereof) the acceptance of which would contravene (1) the Annual Put
Limitation, (2) the Individual Put Limitation or (3) the Trust Put Limitation.
Any Note (or portion thereof) accepted for repayment pursuant to exercise of the
Survivor's Option shall be repaid on the first Interest Payment Date that occurs
20 or more calendar days after the date of such acceptance. Any exercise(s) of
the Survivor's Option with respect to Notes (or portions thereof) not accepted
during any calendar year, because such acceptance would have contravened the
Annual Put Limitation, the Individual Put Limitation or the Trust Put Limiation,
shall be deemed to be tendered on the first day of the following calendar year
in the order all such Notes (or portions thereof) were originally tendered. In
the event that this Note (or any portion hereof) tendered for repayment pursuant
to valid exercise of the Survivor's Option is not accepted or if repayment is to
be delayed, the Indenture Trustee shall deliver a notice by first-class mail to
the presenting direct participant that states the reason such Note (or portion
thereof) has not been accepted for payment or why repayment is to be delayed.

     (f) In order to obtain repayment through exercise of the Survivor's Option
with respect to this Note (or portion hereof), the Representative must provide
the following items to the broker or other entity through which the beneficial
interest in this Note is held by the deceased Beneficial Owner: (1) a written
instruction to such broker or other entity to notify the Depositary of the
Representative's desire to obtain repayment through the exercise of the
Survivor's Option; (2) appropriate evidence satisfactory to the Indenture
Trustee that (i) the deceased was the Beneficial Owner of this Note at the time
of death and the interest in this Note was owned by the deceased Beneficial
Owner for a period beginning at least twelve (12) months immediately prior to
the date of such deceased Beneficial Owner's death, which evidence may be in the
form of a letter from the Representative, (ii) the death of such Beneficial
Owner has occurred, and the date of such death, and (iii) the Representative has
authority to act on behalf of the deceased Beneficial Owner; (3) if the interest
in this Note is held by a nominee of the deceased Beneficial Owner, a
certificate or letter satisfactory to the Indenture Trustee from such nominee
attesting to the deceased's beneficial ownership of this Note; (4) a written
request for repayment signed by the Representative, with the signature
guaranteed by a member firm of a registered national securities exchange or of
the National Association of Securities Dealers, Inc. or a commercial bank or
trust company having an office or correspondent in the United States; (5) if
applicable, a properly executed assignment or endorsement; (6) tax waivers and
such other instruments or documents that the Indenture Trustee reasonably
requires in order to establish the validity of the beneficial ownership of this
Note and the claimant's entitlement to payment; and (7) any additional
information the Indenture Trustee reasonably requires to evidence satisfaction
of any conditions to the exercise of such Survivor's Option or to document
beneficial ownership or authority to make the election and to cause the
repayment of this Note. Such broker or other entity shall then deliver each of
these items to the direct participant of the Depositary, such direct participant
being the entity that holds the beneficial interest in this Note on behalf of
the deceased Beneficial Owner, together with evidence satisfactory to the
Indenture Trustee from the broker or other entity stating that it represents the
deceased Beneficial Owner. Such direct participant shall then execute an
election form in the form attached hereto as Annex A and deliver the originals
of such items to the Indenture Trustee and retain photocopies thereof. If the

                                     A-1-25
<Page>

Indenture Trustee determines that it has received the requisite documentation
and information and all other conditions described in this Note and in the
applicable prospectus supplement and pricing supplement are satisfied, the
Indenture Trustee shall make payment of the applicable amount to the direct
participant through the Depositary. Such direct participant shall be responsible
for disbursing any payments it receives from the Depositary pursuant to exercise
of the Survivor's Option to the appropriate Representative. All questions, other
than with respect to the right to limit the aggregate Principal Amount of Notes
as to which exercises of the Survivor's Option shall be accepted in any one
calendar year, regarding the eligibility or validity of any exercise of the
Survivor's Option will be determined by the Indenture Trustee, in its sole
discretion, which determination shall be final and binding on all parties,
provided however, that any such determination is subject to the right of the
issuer of the relevant Funding Agreement to require reasonable evidence that the
exercise of the Survivor's Option satisfied all of the terms and conditions
described in this Note or the prospectus, prospectus supplement and/or pricing
supplement applicable to this Note and any restriction in the schedule to such
Funding Agreement. The Indenture Trustee shall have no liability to any Person,
including without limitation, the Trust, the issuer of the Funding Agreement,
any Holder, any Beneficial Owner or any Representative, arising out of any
determination made by it relating to the eligibility or validity of any exercise
of the Survivor's Option, unless occasioned by the Indenture Trustee's gross
negligence or willful misconduct.

     (g) The death of a person holding a beneficial interest in this Note as a
joint tenant or tenant by the entirety with another person, or as a tenant in
common with the deceased owner's spouse, will be deemed the death of the
Beneficial Owner of this Note, and the entire Principal Amount of this Note so
held shall be subject to repayment by the Trust upon request in accordance with
the terms and provisions hereof. However, the death of a person holding a
beneficial interest in this Note as tenant in common with a person other than
such deceased owner's spouse will be deemed the death of a Beneficial Owner only
with respect to such deceased person's ownership interest in this Note.

     (h) The death of a person who was a lifetime beneficiary of a trust holding
a beneficial interest in this Note will be treated as the death of the
Beneficial Owner of this Note to the extent of that person's interest in the
trust. The death of a person who was a tenant by the entirety or joint tenant in
a tenancy which is the beneficiary of a trust holding a beneficial interest in
this Note will be treated as the death of the Beneficial Owner of this Note. The
death of an individual who was a tenant in common in a tenancy which is the
beneficiary of a trust holding a beneficial interest in this Note will be
treated as the death of the Beneficial Owner of this Note only with respect to
the deceased person's beneficial interest in this Note, unless a husband and
wife are the tenants in common, in which case the death of either will be
treated as the death of the owner of this Note.

     (i) The death of a person who, during his or her lifetime, was entitled to
substantially all of the beneficial ownership interests in this Note will be
deemed the death of the Beneficial Owner of this Note for purposes of the
Survivor's Option, regardless of whether that Beneficial Owner was the
registered holder of this Note, if such beneficial ownership interest can be
established to the satisfaction of the Indenture Trustee. A beneficial ownership
interest will be deemed to exist in typical cases of nominee ownership, such as
ownership under the Uniform

                                     A-1-26
<Page>

Transfers of Gifts to Minors Act, community property or other joint ownership
arrangements between a husband and wife and lifetime custodial and trust
arrangements.

                                     A-1-27
<Page>

                                                                         ANNEX A

                             REPAYMENT ELECTION FORM

                         HARTFORD LIFE INSURANCE COMPANY

                      HARTFORD LIFE INCOMENOTES(SM) PROGRAM

                              CUSIP NUMBER ________

     To: [Name of Trust] (the "TRUST")

     The undersigned financial institution (the "FINANCIAL INSTITUTION")
represents the following:

     -    The Financial Institution has received a request for repayment from
          the executor or other authorized representative (the "AUTHORIZED
          REPRESENTATIVE") of the deceased beneficial owner listed below (the
          "DECEASED BENEFICIAL OWNER") of the Hartford Life IncomeNotes(SM)
          program note (CUSIP No. ____________) (the "NOTES").

     -    At the time of his or her death, the Deceased Beneficial Owner owned
          Notes in the principal amount listed below.

     -    The Deceased Beneficial Owner acquired the Notes at least twelve (12)
          months before the date on which the Deceased Beneficial Owner died.

     -    The Financial Institution currently holds such notes as a direct or
          indirect participant in The Depository Trust Company (the
          "DEPOSITARY").

The Financial Institution agrees to the following terms:

     -    The Financial Institution shall follow the instructions (the
          "INSTRUCTIONS") accompanying this Repayment Election Form (this
          "FORM").

     -    The Financial Institution shall deliver to JPMorgan Chase Bank (the
          "INDENTURE TRUSTEE") the originals of all records specified in the
          Instructions supporting the above representations and all other
          related documents received from the relevant broker or other entity,
          and shall retain photocopies thereof, and shall make such photocopies
          available to Wilmington Trust Company (the "TRUSTEE"), AMACAR Pacific
          Corp. (the "ADMINISTRATOR") or [Name of Trust] (the "TRUST") for
          inspection and review within five business days of the Trustee's, the
          Administrator's or the Trust's request.

     -    If the Financial Institution, the Indenture Trustee, the Trustee, the
          Administrator or the Trust, in any such party's reasonable discretion,
          deems any of the records specified in the Instructions supporting the
          above representations or any such

                                     A-1-28
<Page>

          other related documents unsatisfactory to substantiate a claim for
          repayment, the Financial Institution shall not be obligated to submit
          this Form, and the Trustee, the Indenture Trustee, the Administrator
          or Trust may deny repayment. If the Financial Institution cannot
          substantiate a claim for repayment, it shall notify the Indenture
          Trustee immediately.

     -    Survivor's Option Elections may not be withdrawn.

     -    The Financial Institution agrees to indemnify and hold harmless the
          Trustee, the Indenture Trustee, the Administrator and the Trust
          against and from any and all claims, liabilities, costs, losses,
          expenses, suits and damages resulting from the Financial Institution's
          above representations and request for repayment on behalf of the
          Authorized Representative.

     -    The Notes will be repaid on the first Interest Payment Date to occur
          at least 20 calendar days after the date of acceptance of the Notes
          for repayment, unless such date is not a business day, in which case
          the date of repayment shall be the next succeeding business day.

     -    Subject to the Trust's rights to limit the aggregate principal amount
          of Notes as to which exercises of the Survivor's Option shall be
          accepted in any one calendar year, all questions as to the eligibility
          or validity of any exercise of the Survivor's Option will be
          determined by the Indenture Trustee, in its sole discretion, which
          determination shall be final and binding on all parties.

                                     A-1-29
<Page>

                             REPAYMENT ELECTION FORM

          (1)
          ----------------------------------------------------------------------
                            Name of Deceased Beneficial Owner
          (2)
          ----------------------------------------------------------------------
                                     Date of Death
          (3)
          ----------------------------------------------------------------------
                 Name of Authorized Representative Requesting Repayment
          (4)
          ----------------------------------------------------------------------
                   Name of Financial Institution Requesting Repayment
          (5)
          ----------------------------------------------------------------------
                  Signature of Authorized Representative of Financial
                           Institution Requesting Repayment
          (6)
          ----------------------------------------------------------------------
                         Principal Amount of Requested Repayment
          (7)
          ----------------------------------------------------------------------
                                Date of Election
          (8)      Financial Institution
                   Representative Name:
                   Phone Number:
                   Fax Number:
                   Mailing Address (no P.O. Boxes):

          (9)      Wire instructions for payment:
                   Bank Name:
                   ABA Number:
                   Account Name:
                   Account Number:
                   Reference (optional):

TO BE COMPLETED BY THE INDENTURE TRUSTEE:

(A)       DELIVERY AND PAYMENT DATE:

(B)       PRINCIPAL AMOUNT:

(C)       ACCRUED INTEREST:

(D)       DATE OF RECEIPT OF FORM BY THE INDENTURE TRUSTEE:

(E)       DATE OF ACKNOWLEDGMENT BY THE INDENTURE TRUSTEE*

----------
*         An acknowledgement, in the form of a copy of this document, will be
          returned to the party and location designated in item (8) above.

                                     A-1-30
<Page>

       INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM AND EXERCISING
                                REPAYMENT OPTION

          Capitalized terms used and not defined herein have the meanings
defined in the accompanying Repayment Election Form.

1.   Collect and retain for a period of at least three years photocopies of the
     following: (1) satisfactory evidence of the authority of the Authorized
     Representative, (2) satisfactory evidence of death of the Deceased
     Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial
     Owner beneficially owned, at the time of his or her death, the notes being
     submitted for repayment, which evidence may be in the form of a letter from
     the Representative, (4) satisfactory evidence that the notes being
     submitted for repayment were acquired by the Deceased Beneficial Owner at
     least twelve (12) months before the death of the Deceased Beneficial Owner,
     which evidence may be in the form of a letter from the Representative, and
     (5) any necessary tax waivers. For purposes of determining whether the
     notes will be deemed beneficially owned by an individual at any given time,
     the following rules shall apply:

     -         If a note (or a portion thereof) is beneficially owned by tenants
          by the entirety or joint tenants, the note (or relevant portion
          thereof) will be regarded as beneficially owned by a single owner.
          Accordingly, the death of a tenant by the entirety or joint tenant
          will be deemed the death of the beneficial owner and the entire
          principal amount so owned will become eligible for repayment.

     -         The death of a person beneficially owning a note (or a portion
          thereof) by tenancy in common will be deemed the death of the
          beneficial owner only with respect to the deceased owner's interest in
          the note (or relevant portion thereof) so owned, unless a husband and
          wife are the tenants in common, in which case the death of either will
          be deemed the death of the beneficial owner and the entire principal
          amount so owned will be eligible for repayment.

     -         A note (or a portion thereof) beneficially owned by a trust will
          be regarded as beneficially owned by each beneficiary of the trust to
          the extent of that beneficiary's interest in the trust (however, a
          trust's beneficiaries collectively cannot be beneficial owners of more
          notes than are owned by the trust). The death of a beneficiary of a
          trust will be deemed the death of the beneficial owner of the notes
          (or relevant portion thereof) beneficially owned by the trust to the
          extent of that beneficiary's interest in the trust. The death of an
          individual who was a tenant by the entirety or joint tenant in a
          tenancy which is the beneficiary of a trust will be deemed the death
          of the beneficiary of the trust. The death of an individual who was a
          tenant in common in a tenancy which is the beneficiary of a trust will
          be deemed the death of the beneficiary of the trust only with respect
          to the deceased holder's beneficial interest in the note, unless a
          husband and wife are the tenants in common, in which case the death of
          either will be deemed the death of the beneficiary of the trust.

     -         The death of a person who, during his or her lifetime, was
          entitled to substantially all of the beneficial interest in a note (or
          a portion thereof) will be deemed the death of the beneficial owner of
          that note (or relevant portion thereof), regardless of the
          registration of ownership, if such beneficial interest can be
          established to the satisfaction of the Indenture Trustee. Such
          beneficial interest will exist in many cases of street name or nominee
          ownership, custodial arrangements, ownership by a trustee, ownership
          under the Uniform Transfers of Gifts to Minors Act and community
          property or other joint ownership arrangements between spouses.
          Beneficial interest will be evidenced by such factors as the power to
          sell or otherwise dispose of a note, the right to receive the proceeds
          of sale or disposition and the right to receive interest and principal
          payments on a note.

2.   Indicate the name of the Deceased Beneficial Owner on line (1).

3.   Indicate the date of death of the Deceased Beneficial Owner on line (2).

4.   Indicate the name of the Authorized Representative requesting repayment on
     line (3).

                                     A-1-31
<Page>

5.   Indicate the name of the Financial Institution requesting repayment on line
     (4).

6.   Affix the authorized signature of the Financial Institution's
     representative on line (5). THE SIGNATURE MUST BE MEDALLION SIGNATURE
     GUARANTEED.

7.   Indicate the principal amount of notes to be repaid on line (6).

8.   Indicate the date this Form was completed on line (7).

9.   Indicate the name, mailing address (no P.O. boxes, please), telephone
     number and facsimile-transmission number of the party to whom the
     acknowledgment of this election may be sent in item (8).

10.  Indicate the wire instruction for payment on line (9).

11.  Leave lines (A), (B), (C), (D) and (E) blank.

12.  Mail or otherwise deliver an original copy of the completed Form to:

                               JPMorgan Chase Bank
                            Mortgage Custody Services
                     Attn: Shamika T. Smith/Yvonne Gholdston
                         1111 Fannin Street, 12th Floor
                              Houston, Texas 77002

13.  FACSIMILE TRANSMISSIONS OF THE REPAYMENT ELECTION FORM WILL NOT BE
     ACCEPTED.

14.  If the acknowledgement of the Indenture Trustee's receipt of this Form is
     not received within ten days of the date such information is sent to
     JPMorgan Chase Bank, contact JPMorgan Chase Bank at the address set forth
     in item 12, telephone number (713) 427-6481.

15.  For assistance with this Form or any questions relating thereto, please
     contact: JPMorgan Chase Bank, at the address set forth in item 12,
     telephone number: (713)427-6481, facsimile number: (713)427-6488.

                                     A-1-32<Page>

                                   EXHIBIT A-2

                        FORM OF INSTITUTIONAL GLOBAL NOTE

                                      A-2-1
<Page>

                                   EXHIBIT A-2
                        FORM OF INSTITUTIONAL GLOBAL NOTE

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER
DEFINED) AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE
INDENTURE) OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER
OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST (HEREINAFTER
DEFINED) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
UNLESS ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR 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.

REGISTERED NO.:                CUSIP NO.:            PRINCIPAL AMOUNT: U.S. $

                   HARTFORD LIFE GLOBAL FUNDING [_____]-[___]

                            SECURED MEDIUM-TERM NOTES

<Table>
<S>                                                              <C>
Issuance Date:                                                   Floating Rate Note: / / Yes / / No. If yes,
Issue Price:                                                              Regular Floating Rate Notes / /
Stated Maturity Date:                                                     Inverse Floating Rate Notes / /
Settlement Date:                                                                   Fixed Interest Rate:
Securities Exchange Listing: / / Yes / / No. If yes,                      Floating Rate/ Fixed Rate Notes: / /
     indicate name(s) of Securities Exchange(s):                                   Fixed Interest Rate:
     __________________________________________.                                   Fixed Rate Commencement Date:
Depositary:                                                               Interest Rate Basis(es):
Authorized Denominations:                                                 CD Rate / /
Collateral held in the Trust: Hartford Life Insurance                     CMT Rate / /
  Company Funding Agreement No. -, all proceeds of the                             Designated CMT Telerate Page:
  Funding Agreement and all rights and books and records                                   If Telerate Page 7052:
  pertaining to the foregoing.
</Table>

<Page>

<Table>
<S>                                                              <C>
Additional Amounts to be Paid: / / Yes / / No                                              / / Weekly Average
Interest Rate or Formula:                                                                  / / Monthly Average
Fixed Rate Note: / / Yes / / No. If yes,                                           Designated CMT Maturity Index:
        Interest Rate:                                                    Commercial Paper Rate / /
        Interest Payment Dates:                                           Federal Funds Rate / /
        Day Count Convention:                                             LIBOR / /
        Additional/Other Terms:                                                    / / LIBOR Reuters Page:
Amortizing Note: / / Yes / / No. If yes,                                           / / LIBOR Moneyline Telerate Page:
        Amortization schedule or formula:                                          LIBOR Currency:
        Additional/Other Terms:                                           Prime Rate / /
Discount Note: / / Yes / / No. If yes,                                    Treasury Rate / /
        Total Amount of Discount:                                         Index Maturity:
        Initial Accrual Period of Discount:                               Spread and/or Spread Multiplier:
        Interest Payment Dates:                                           Initial Interest Rate, if any:
        Additional/Other Terms:                                           Initial Interest Reset Date:
Redemption Provisions: / / Yes / / No. If yes,                            Interest Reset Dates:
        Initial Redemption Date:                                          Interest Determination Date(s):
        Initial Redemption Percentage:                                    Interest Payment Dates:
        Annual Redemption Percentage Reduction,                           Maximum Interest Rate, if any:
                if any:                                                   Minimum Interest Rate, if any:
        Additional/Other Terms:                                           Additional/Other Terms:
Repayment Provisions: / / Yes / / No. If yes,                    Regular Record Date(s):
        Repayment Date(s):                                       Sinking Fund:
        Repayment Price:                                         Day Count Convention:
        Additional/Other Terms:                                  Specified Currency:
                                                                 Exchange Rate Agent:
                                                                 Calculation Agent:
                                                                 Additional/Other Terms:
</Table>

     The Hartford Life Global Funding Trust designated above (the "Trust"), for
value received, hereby promises to pay to Cede & Co., or its registered assigns,
the Principal Amount specified above on the Stated Maturity Date specified above
and, if so specified above, to pay interest thereon from the Issuance Date
specified above or from the most recent Interest Payment Date specified above to
which interest has been paid or duly provided for at the rate per annum
determined in accordance with the provisions on the reverse hereof and as
specified above, until the principal hereof is paid or made available for
payment. Unless otherwise specified above, payments of principal, premium, if
any, and interest hereon will be made in the lawful currency of the United
States of America ("U.S. Dollars" or "United States dollars"). If the Specified
Currency specified above is other than U.S. Dollars, the Holder (as defined in
the Indenture) shall receive such payments in such Foreign Currency (as
hereinafter defined). The "Principal Amount" of this Note at any time means (1)
if this Note is a Discount Note (as hereinafter defined), the Amortized Face
Amount (as hereinafter defined) at such time (as defined in SECTION 3(c) on the
reverse hereof) and (2) in all other cases, the Principal Amount hereof.
Capitalized

                                      A-2-2
<Page>

terms not otherwise defined herein shall have their meanings set forth in the
Indenture, dated as of the date of the pricing supplement related to this
Note (the "Indenture"), between JPMorgan Chase Bank, as the indenture trustee
(the "Indenture Trustee"), and the Trust, or on the face hereof.

     This Note will mature on the Stated Maturity Date, unless its principal (or
any installment of its principal) becomes due and payable prior to the Stated
Maturity Date, whether, as applicable, by the declaration of acceleration of
maturity, notice of redemption by the Trust or otherwise (the Stated Maturity
Date or any date prior to the Stated Maturity Date on which this Note becomes
due and payable, as the case may be, is referred to as the "Maturity Date").

     A "Discount Note" is any Note that has an Issue Price that is less than
100% of the Principal Amount thereof by more than a percentage equal to the
product of 0.25% and the number of full years to the Stated Maturity Date.

     Unless otherwise specified above, the interest payable on each Interest
Payment Date or the Maturity Date will be the amount of interest accrued from
and including the Issuance Date or from and including the last Interest Payment
Date to which interest has been paid or duly provided for, as the case may be,
to, but excluding, such Interest Payment Date or the Maturity Date, as the case
may be.

     Unless otherwise specified above, the interest payable on any Interest
Payment Date will be paid to the Holder on the Regular Record Date for such
Interest Payment Date, which Regular Record Date shall be the fifteenth (15th)
calendar day, whether or not a Business Day, immediately preceding the related
Interest Payment Date; PROVIDED that, notwithstanding any provision of the
Indenture to the contrary, interest payable on any Maturity Date shall be
payable to the Person to whom principal shall be payable; and PROVIDED, FURTHER,
that unless otherwise specified above, in the case of a Note initially issued
between a Regular Record Date and the Interest Payment Date relating to such
Regular Record Date, interest for the period beginning on the Issuance Date and
ending on such Interest Payment Date shall be paid on the Interest Payment Date
following the next succeeding Regular Record Date to the Holder on such next
succeeding Regular Record Date.

     Payments of principal of, and premium, if any, and interest and other
amounts due and owing, if any, will be made through the Indenture Trustee to the
account of DTC or its nominee and will be made in accordance with depositary
arrangements with DTC.

     Unless otherwise specified on the face hereof, the Holder hereof will not
be obligated to pay any administrative costs imposed by banks in making payments
in immediately available funds by the Trust. Unless otherwise specified on the
face hereof, any tax assessment or governmental charge imposed upon payments
hereunder, including, without limitation, any withholding tax, will be borne by
the Holder hereof.

     REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH
ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF SET FORTH AT THIS PLACE.

                                      A-2-3
<Page>

     Unless the certificate of authentication hereon shall have been executed by
the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

                                      A-2-4
<Page>

     IN WITNESS WHEREOF, the Trust has caused this instrument to be duly
executed, by manual or facsimile signature.

                            THE HARTFORD LIFE GLOBAL FUNDING TRUST
                            SPECIFIED ON THE FACE OF THIS NOTE

Dated: [-]                  By: Wilmington Trust Company, not in its individual
                            capacity but solely as Delaware Trustee.

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

                          CERTIFICATE OF AUTHENTICATION

     This is one of the Notes of the Hartford Life Global Funding Trust
specified on the face of this Note and referred to in the within-mentioned
Indenture.

                            JPMORGAN CHASE BANK
                            As Indenture Trustee

Dated: [-]

                            By:
                                 -----------------------------
                                 authorized officer

                                      A-2-5
<Page>

                                [REVERSE OF NOTE]

SECTION 1. GENERAL. This Note is one of a duly authorized issue of Notes of the
Trust. The Notes are issued pursuant to the Indenture.

SECTION 2. CURRENCY.

       (a) Unless specified otherwise on the face hereof, this Note is
denominated in, and payments of principal, premium, if any, and/or interest, if
any, will be made in U.S. Dollars. If specified as the Specified Currency, this
Note may be denominated in, and payments of principal, premium, if any, and/or
interest, if any, may be made in a single currency other than U.S. Dollars (a
"Foreign Currency"). If this Note is denominated in a Foreign Currency, the
Holder of this Note is required to pay for this Note in the Specified Currency.

       (b) Unless specified otherwise on the face hereof, if this Note is
denominated in a Foreign Currency, the Trust is obligated to make payments of
principal of, and premium, if any, and interest, if any, on, this Note in the
Specified Currency. Any amounts so payable by the Trust in the Specified
Currency will be converted by the Exchange Rate Agent into U.S. Dollars for
payment to the Holder hereof unless otherwise specified on the face of this
Note or the Holder elects, in the manner described below, to receive these
amounts in the Specified Currency. If this Note is denominated in a Foreign
Currency, any U.S. Dollar amount to be received by the Holder hereof will be
based on the bid quotation in The City of New York received by the Exchange
Rate Agent at approximately 11:00 A.M., New York City time, on the second
Business Day preceding the applicable payment date from a recognized foreign
exchange dealer (which may be the Exchange Rate Agent) selected by the
Exchange Rate Agent and approved by the Trust for the purchase by the quoting
dealer of the Specified Currency for U.S. Dollars for settlement on that
payment date in the aggregate amount of the Specified Currency payable to all
Holders of the Notes scheduled to receive U.S. Dollar payments and at which
the applicable dealer commits to execute a contract. All currency exchange
costs will be borne by the Holders of the Notes by deductions from any
payments. If a bid quotation is not available, payments will be made in the
Specified Currency. If this Note is denominated in a Foreign Currency, the
Holder of this Note may elect to receive all or a specified portion of any
payment of principal, premium, if any, and/or interest, if any, in the
Specified Currency by submitting a written request to the Indenture Trustee at
its Corporate Trust Office in The City of New York on or prior to the
applicable Regular Record Date or at least 15 calendar days prior to the
Maturity Date, as the case may be. This written request may be mailed or hand
delivered or sent by cable, telex or other form of facsimile transmission.
This election will remain in effect until revoked by written notice delivered
to the Indenture Trustee on or prior to a Regular Record Date or at least 15
calendar days prior to the Maturity Date, as the case may be. The Holder of a
Note denominated in a Foreign Currency to be held in the name of a broker or
nominee should contact their broker or nominee to determine whether and how an
election to receive payments in the Specified Currency may be made. Unless
specified otherwise on the face hereof, if the Specified Currency is other
than U.S. Dollars, a beneficial owner of a Note represented by a Global Note
which elects to receive payments of principal, premium, if any, and/or
interest, if any, in the Specified Currency must notify the participant
through which it owns its interest on or prior

                                      A-2-6
<Page>

to the applicable Regular Record Date or at least 15 calendar days prior to the
Maturity Date, as the case may be, of its election. The applicable participant
must notify DTC of its election on or prior to the third Business Day after the
applicable Regular Record Date or at least 12 calendar days prior to the
Maturity Date, as the case may be, and DTC will notify the Indenture Trustee of
that election on or prior to the fifth Business Day after the applicable Regular
Record Date or at least ten calendar days prior the Maturity Date, as the case
may be. If complete instructions are received by the participant from the
applicable beneficial owner and forwarded by the participant to DTC, and by DTC
to the Indenture Trustee, on or prior to such dates, then the applicable
beneficial owner will receive payments in the Specified Currency.

       (c) The Trust will indemnify the Holder hereof against any loss incurred
as a result of any judgment or order being given or made for any amount due
under this Note and that judgment or order requiring payment in a currency (the
"Judgment Currency") other than the Specified Currency, and as a result of any
variation between: (i) the rate of exchange at which the Specified Currency
amount is converted into the Judgment Currency for the purpose of that judgment
or order; and (ii) the rate of exchange at which the Holder, on the date of
payment of that judgment or order, is able to purchase the Specified Currency
with the amount of the Judgment Currency actually received.

       (d) Unless otherwise specified on the face hereof, if payment hereon is
required to be made in a Foreign Currency and such currency is unavailable due
to the imposition of exchange controls or other circumstances beyond the Trust's
control, then the Trust will be entitled to make payments with respect hereto in
U.S. Dollars on the basis of the Market Exchange Rate (as hereinafter defined),
computed by the Exchange Rate Agent, on the second Business Day prior to the
particular payment or, if the Market Exchange Rate is not then available, on the
basis of the most recently available Market Exchange Rate.

       (e) The "Market Exchange Rate" for the Foreign Currency shall mean the
noon dollar buying rate in The City of New York for cable transfers for the
Foreign Currency as certified for customs purposes (or, if not so certified, as
otherwise determined) by the Federal Reserve Bank of New York.

       (f) All determinations made by the Exchange Rate Agent shall be at its
sole discretion and shall, in the absence of manifest error, be conclusive for
all purposes and binding on the Holder hereof.

       (g) All costs of exchange in respect of this Note, if denominated in a
Foreign Currency, will be borne by the Holder hereof.

SECTION 3. DETERMINATION OF INTEREST RATE AND CERTAIN OTHER TERMS.

       (a) FIXED RATE NOTES. If this Note is specified on the face hereof as a
"Fixed Rate Note":

           (i) This Note will bear interest at the rate per annum specified on
           the face hereof. Interest on this Note will be computed on the basis
           of a 360-day year of twelve 30-day months.

                                      A-2-7
<Page>

           (ii) Unless otherwise specified on the face hereof, the Interest
           Payment Dates for this Note will be as follows:

<Table>
<Caption>
                INTEREST PAYMENT FREQUENCY       INTEREST PAYMENT DATES
                ------------------------------   -------------------------------
                <S>                              <C>
                Monthly                          Fifteenth day of each calendar
                                                 month, beginning in the first
                                                 calendar month following the
                                                 month this Note was issued.

                Quarterly                        Fifteenth day of every third
                                                 calendar month, beginning in
                                                 the third calendar month
                                                 following the month this Note
                                                 was issued.

                Semi-annual                      Fifteenth day of every sixth
                                                 calendar month, beginning in
                                                 the sixth calendar month
                                                 following the month this Note
                                                 was issued.

                Annual                           Fifteenth day of every twelfth
                                                 calendar month, beginning in
                                                 the twelfth calendar month
                                                 following the month this Note
                                                 was issued.
</Table>

           (iii) If any Interest Payment Date or the Maturity Date of this Note
           falls on a day that is not a Business Day, the Trust will make the
           required payment of principal, premium, if any, and/or interest or
           other amounts on the next succeeding Business Day, and no additional
           interest will accrue in respect of the payment made on that next
           succeeding Business Day.

       (b) FLOATING RATE NOTES. If this Note is specified on the face hereof as
           a "Floating Rate Note":

           (i) INTEREST RATE BASIS. Interest on this Note will be determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases, which may, as described below, include the CD Rate, the CMT
           Rate, the Commercial Paper Rate, the Federal Funds Rate, LIBOR, the
           Prime Rate or the Treasury Rate (each as defined below).

           (ii) EFFECTIVE RATE. The rate derived from the applicable Interest
           Rate Basis will be determined in accordance with the related
           provisions below. The interest rate in effect on each day will be
           based on: (1) if that day is an Interest Reset Date, the rate
           determined as of the Interest Determination Date immediately
           preceding that Interest Reset Date; or (2) if that day is not an
           Interest Reset Date, the rate determined as of the Interest
           Determination Date immediately preceding the most recent Interest
           Reset Date.

           (iii) SPREAD; SPREAD MULTIPLIER; INDEX MATURITY. The "Spread" is the
           number of basis points (one one-hundredth of a percentage point)
           specified on the face hereof to be added to or subtracted from the
           related Interest Rate Basis or Interest Rate Bases applicable to this
           Note. The "Spread Multiplier" is the percentage specified on the face
           hereof of the related Interest Rate Basis or Interest Rate Bases
           applicable to this

                                      A-2-8
<Page>

           Note by which the Interest Rate Basis or Interest Rate Bases will be
           multiplied to determine the applicable interest rate. The "Index
           Maturity" is the period to maturity of the instrument or obligation
           with respect to which the related Interest Rate Basis or Interest
           Rate Bases will be calculated.

           (iv) REGULAR FLOATING RATE NOTE. Unless this Note is specified on the
           face hereof as a Floating Rate/Fixed Rate Note or an Inverse Floating
           Rate Note, this Note (a "Regular Floating Rate Note") will bear
           interest at the rate determined by reference to the applicable
           Interest Rate Basis or Interest Rate Bases: (1) plus or minus the
           applicable Spread, if any; and/or (2) multiplied by the applicable
           Spread Multiplier, if any. Commencing on the first Interest Reset
           Date, the rate at which interest on this Regular Floating Rate Note
           is payable will be reset as of each Interest Reset Date; PROVIDED,
           HOWEVER, that the interest rate in effect for the period, if any,
           from the Issuance Date to the first Interest Reset Date will be the
           Initial Interest Rate.

           (v) FLOATING RATE/FIXED RATE NOTES. If this Note is specified on the
           face hereof as a "Floating Rate/Fixed Rate Note", this Note will bear
           interest at the rate determined by reference to the applicable
           Interest Rate Basis or Interest Rate Bases: (1) plus or minus the
           applicable Spread, if any; and/or (2) multiplied by the applicable
           Spread Multiplier, if any. Commencing on the first Interest Reset
           Date, the rate at which this Floating Rate/Fixed Rate Note is payable
           will be reset as of each Interest Reset Date; PROVIDED, HOWEVER,
           that: (A) the interest rate in effect for the period, if any, from
           the Issuance Date to the first Interest Reset Date will be the
           Initial Interest Rate specified on the face hereof; and (B) the
           interest rate in effect commencing on the Fixed Rate Commencement
           Date will be the Fixed Interest Rate, if specified on the face
           hereof, or, if not so specified, the interest rate in effect on the
           day immediately preceding the Fixed Rate Commencement Date.

           (vi) INVERSE FLOATING RATE NOTES. If this Note is specified on the
           face hereof as an "Inverse Floating Rate Note", this Note will bear
           interest at the Fixed Interest Rate minus the rate determined by
           reference to the applicable Interest Rate Basis or Interest Rate
           Bases: (1) plus or minus the applicable Spread, if any; and/or (2)
           multiplied by the applicable Spread Multiplier, if any; PROVIDED,
           HOWEVER, that interest on this Inverse Floating Rate Note will not be
           less than zero. Commencing on the first Interest Reset Date, the rate
           at which interest on this Inverse Floating Rate Note is payable will
           be reset as of each Interest Reset Date; PROVIDED, HOWEVER, that the
           interest rate in effect for the period, if any, from the Issuance
           Date to the first Interest Reset Date will be the Initial Interest
           Rate.

           (vii) INTEREST RESET DATES. The period between Interest Reset Dates
           will be the "Interest Reset Period." Unless otherwise specified on
           the face hereof, the Interest Reset Dates will be, in the case of
           this Floating Rate Note if by its terms it resets: (1) daily--each
           Business Day; (2) weekly--the Wednesday of each week, with the
           exception of any weekly reset Floating Rate Note as to which the
           Treasury Rate is an applicable Interest Rate Basis, which will reset
           the Tuesday of each week; (3) monthly--the fifteenth day of each
           calendar month; (4) quarterly--the fifteenth day of March, June,
           September and December of each year; (5) semi-annually--the

                                      A-2-9
<Page>

           fifteenth day of the two months of each year specified on the face
           hereof; and (6) annually--the fifteenth day of the month of each year
           specified on the face hereof; PROVIDED, HOWEVER, that, with respect
           to a Floating Rate/Fixed Rate Note, the rate of interest thereon will
           not reset after the particular Fixed Rate Commencement Date. If any
           Interest Reset Date for this Floating Rate Note would otherwise be a
           day that is not a Business Day, the particular Interest Reset Date
           will be postponed to the next succeeding Business Day, except that in
           the case of a Floating Rate Note as to which LIBOR is an applicable
           Interest Rate Basis and that Business Day falls in the next
           succeeding calendar month, the particular Interest Reset Date will be
           the immediately preceding Business Day.

           (viii) INTEREST DETERMINATION DATES. The interest rate applicable
           to a Floating Rate Note for an Interest Reset Period commencing on
           the related Interest Reset Date will be determined by reference to
           the applicable Interest Rate Basis as of the particular "Interest
           Determination Date", which will be: (1) with respect to the
           Commercial Paper Rate, Federal Funds Rate and the Prime Rate--the
           Business Day immediately preceding the related Interest Reset Date;
           (2) with respect to the CD Rate and the CMT Rate--the second
           Business Day preceding the related Interest Reset Date; (3) with
           respect to LIBOR--the second London Banking Day preceding the
           related Interest Reset Date, unless the applicable LIBOR Currency
           is (A) pounds sterling, in which case the Interest Determination
           Date will be the related Interest Reset Date, or (B) euro, in which
           case the Interest Determination Date will be the second TARGET
           Settlement Day preceding the applicable Interest Reset Date; and
           (4) with respect to the Treasury Rate--the day of the week in which
           the related Interest Reset Date falls on which day Treasury Bills
           (as defined below) are normally auctioned (i.e., Treasury Bills are
           normally sold at auction on Monday of each week, unless that day is
           a legal holiday, in which case the auction is normally held on the
           following Tuesday, except that the auction may be held on the
           preceding Friday); PROVIDED, HOWEVER, that if an auction is held on
           the Friday of the week preceding the related Interest Reset Date,
           the Interest Determination Date will be the preceding Friday. The
           Interest Determination Date pertaining to a Floating Rate Note, the
           interest rate of which is determined with reference to two or more
           Interest Rate Bases, will be the latest Business Day which is at
           least two Business Days before the related Interest Reset Date for
           the applicable Floating Rate Note on which each Interest Reset
           Basis is determinable. "TARGET Settlement Day" means a day on which
           the TARGET System is open.

           (ix) CALCULATION DATES. The interest rate applicable to each Interest
           Reset Period will be determined by the Calculation Agent on or prior
           to the Calculation Date (as defined below), except with respect to
           LIBOR, which will be determined on the particular Interest
           Determination Date. Upon request of the Holder of a Floating Rate
           Note, the Calculation Agent will disclose the interest rate then in
           effect and, if determined, the interest rate that will become
           effective as a result of a determination made for the next succeeding
           Interest Reset Date with respect to such Floating Rate Note. The
           "Calculation Date", if applicable, pertaining to any Interest
           Determination Date will be the earlier of: (1) the tenth calendar day
           after the particular Interest Determination Date or, if such day is
           not a Business Day, the next succeeding Business Day; or (2) the
           Business Day immediately preceding the applicable Interest Payment
           Date or the Maturity Date, as the case may be.

           (x) MAXIMUM OR MINIMUM INTEREST RATE. If specified on the face
           hereof, this Note may have either or both of a Maximum Interest Rate
           or a Minimum Interest Rate. If a

                                     A-2-10
<Page>

           Maximum Interest Rate is so designated, the interest rate for a
           Floating Rate Note cannot ever exceed such Maximum Interest Rate and
           in the event that the interest rate on any Interest Reset Date would
           exceed such Maximum Interest Rate (as if no Maximum Interest Rate
           were in effect) then the interest rate on such Interest Reset Date
           shall be the Maximum Interest Rate. If a Minimum Interest Rate is so
           designated, the interest rate for a Floating Rate Note cannot ever be
           less than such Minimum Interest Rate and in the event that the
           interest rate on any Interest Reset Date would be less than such
           Minimum Interest Rate (as if no Minimum Interest Rate were in effect)
           then the interest rate on such Interest Reset Date shall be the
           Minimum Interest Rate. Notwithstanding anything to the contrary
           contained herein, the interest rate on a Floating Rate Note shall not
           exceed the maximum interest rate permitted by applicable law.

           (xi) INTEREST PAYMENTS. Unless otherwise specified on the face
           hereof, the Interest Payment Dates will be, in the case of a Floating
           Rate Note which resets: (1) daily, weekly or monthly--the fifteenth
           day of each calendar month or on the fifteenth day of March, June,
           September and December of each year, as specified on the face hereof;
           (2) quarterly--the fifteenth day of March, June, September and
           December of each year; (3) semi-annually--the fifteenth day of the
           two months of each year specified on the face hereof; and (4)
           annually--the fifteenth day of the month of each year as specified on
           the face hereof. In addition, the Maturity Date will also be an
           Interest Payment Date. If any Interest Payment Date other than the
           Maturity Date for this Floating Rate Note would otherwise be a day
           that is not a Business Day, such Interest Payment Date will be
           postponed to the next succeeding Business Day, except that in the
           case of a Floating Rate Note as to which LIBOR is an applicable
           Interest Rate Basis and that Business Day falls in the next
           succeeding calendar month, the particular Interest Payment Date will
           be the immediately preceding Business Day. If the Maturity Date of a
           Floating Rate Note falls on a day that is not a Business Day, the
           Trust will make the required payment of principal, premium, if any,
           and interest or other amounts on the next succeeding Business Day,
           and no additional interest will accrue in respect of the payment made
           on that next succeeding Business Day.

           (xii) ROUNDING. Unless otherwise specified on the face hereof, all
           percentages resulting from any calculation on this Floating Rate Note
           will be rounded to the nearest one hundred-thousandth of a percentage
           point, with five one-millionths of a percentage point rounded
           upwards. All dollar amounts used in or resulting from any calculation
           on this Floating Rate Note will be rounded, in the case of U.S.
           Dollars, to the nearest cent or, in the case of a Foreign Currency,
           to the nearest unit (with one-half cent or unit being rounded
           upwards).

           (xiii) INTEREST FACTOR. With respect to a Floating Rate Note, accrued
           interest is calculated by multiplying the principal amount of such
           Note by an accrued interest factor. The accrued interest factor is
           computed by adding the interest factor calculated for each day in the
           particular Interest Reset Period. The interest factor for each day
           will be computed by dividing the interest rate applicable to such day
           by 360, in the case of a Floating Rate Note as to which the CD Rate,
           the Commercial Paper Rate, the Federal Funds Rate, LIBOR or the Prime
           Rate is an applicable Interest Rate Basis,

                                     A-2-11
<Page>

           or by the actual number of days in the year, in the case of a
           Floating Rate Note as to which the CMT Rate or the Treasury Rate is
           an applicable Interest Rate Basis. The interest factor for a Floating
           Rate Note as to which the interest rate is calculated with reference
           to two or more Interest Rate Bases will be calculated in each period
           in the same manner as if only the Interest Rate Basis specified under
           "Additional/Other Terms" applied.

           (xiv) DETERMINATION OF INTEREST RATE BASIS. The Calculation Agent
           shall determine the rate derived from each Interest Rate Basis in
           accordance with the following provisions.

               (1) CD RATE NOTES. If the Interest Rate Basis is the CD Rate,
               this Note shall be deemed a "CD Rate Note." Unless otherwise
               specified on the face hereof, "CD Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (A) the rate on the particular Interest Determination Date
                    for negotiable United States dollar certificates of deposit
                    having the Index Maturity specified on the face hereof as
                    published in H.15(519) (as defined below) under the caption
                    "CDs (secondary market)"; or

                    (B) if the rate referred to in clause (A) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date for negotiable United States dollar
                    certificates of deposit of the particular Index Maturity as
                    published in H.15 Daily Update (as defined below), or other
                    recognized electronic source used for the purpose of
                    displaying the applicable rate, under the caption "CDs
                    (secondary market)"; or

                    (C) if the rate referred to in clause (B) is not so
                    published by 3:00 P.M., New York City time, on the related
                    Calculation Date, the rate on the particular Interest
                    Determination Date calculated by the Calculation Agent as
                    the arithmetic mean of the secondary market offered rates as
                    of 10:00 A.M., New York City time, on that Interest
                    Determination Date, of three leading non-bank dealers in
                    negotiable United States dollar certificates of deposit in
                    The City of New York (which may include the purchasing agent
                    or its affiliates) selected by the Calculation Agent for
                    negotiable United States dollar certificates of deposit of
                    major United States money market banks for negotiable United
                    States certificates of deposit with a remaining maturity
                    closest to the particular Index Maturity in an amount that
                    is representative for a single transaction in that market at
                    that time; or

                    (D) if the dealers so selected by the Calculation Agent are
                    not quoting as mentioned in clause (C), the CD Rate in
                    effect on the particular Interest Determination Date.

                                     A-2-12
<Page>

               "H.15(519)" means the weekly statistical release designated as
               H.15(519), or any successor publication, published by the Board
               of Governors of the Federal Reserve System.

               "H.15 Daily Update" means the daily update of H.15(519),
               available through the world-wide-web site of the Board of
               Governors of the Federal Reserve System at
               http//www.federalreserve.gov/releases/H15/update, or any
               successor site or publication.

               (2) CMT RATE NOTES. If the Interest Rate Basis is the CMT Rate,
               this Note shall be deemed a "CMT Rate Note." Unless otherwise
               specified on the face hereof, "CMT Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                    (A) if CMT Moneyline Telerate Page 7051 is specified on the
                    face hereof:

                         i.      the percentage equal to the yield for United
                                 States Treasury securities at "constant
                                 maturity" having the Index Maturity specified
                                 on the face hereof as published in H.15(519)
                                 under the caption "Treasury Constant
                                 Maturities", as the yield is displayed on
                                 Moneyline Telerate (or any successor service)
                                 on page 7051 (or any other page as may replace
                                 the specified page on that service) ("Moneyline
                                 Telerate Page 7051"), for the particular
                                 Interest Determination Date; or

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7051, the
                                 percentage equal to the yield for United States
                                 Treasury securities at "constant maturity"
                                 having the particular Index Maturity and for
                                 the particular Interest Determination Date as
                                 published in H.15(519) under the caption
                                 "Treasury Constant Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the rate on the
                                 particular Interest Determination Date for the
                                 period of the particular Index Maturity as may
                                 then be published by either the Federal Reserve
                                 System Board of Governors or the United States
                                 Department of the Treasury that the Calculation
                                 Agent determines to be comparable to the rate
                                 which would otherwise have been published in
                                 H.15(519); or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest

                                     A-2-13
<Page>

                                 Determination Date of three leading primary
                                 United States government securities dealers in
                                 The City of New York (which may include the
                                 purchasing agent or its affiliates) (each, a
                                 "Reference Dealer") selected by the Calculation
                                 Agent from five Reference Dealers selected by
                                 the Calculation Agent and eliminating the
                                 highest quotation, or, in the event of
                                 equality, one of the highest, and the lowest
                                 quotation or, in the event of equality, one of
                                 the lowest, for United States Treasury
                                 securities with an original maturity equal to
                                 the particular Index Maturity, a remaining term
                                 to maturity no more than one year shorter than
                                 that Index Maturity and in a principal amount
                                 that is representative for a single transaction
                                 in the securities in that market at that time;
                                 or

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on that Interest
                                 Determination Date of three Reference Dealers
                                 selected by the Calculation Agent from five
                                 Reference Dealers selected by the Calculation
                                 Agent and eliminating the highest quotation or,
                                 in the event of equality, one of the highest
                                 and the lowest quotation or, in the event of
                                 equality, one of the lowest, for United States
                                 Treasury securities with an original maturity
                                 greater than the particular Index Maturity, a
                                 remaining term to maturity closest to that
                                 Index Maturity and in a principal amount that
                                 is representative for a single transaction in
                                 the securities in that market at that time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest
                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on the particular Interest
                                 Determination Date; or

                                     A-2-14
<Page>

                    (B) if CMT Moneyline Telerate Page 7052 is specified on the
                    face hereof:

                         i.      the percentage equal to the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 Index Maturity specified on the face hereof as
                                 published in H.15(519) opposite the caption
                                 "Treasury Constant Maturities", as the yield is
                                 displayed on Moneyline Telerate (or any
                                 successor service) (on page 7052 or any other
                                 page as may replace the specified page on that
                                 service) ("Moneyline Telerate Page 7052"), for
                                 the week or month, as applicable, ended
                                 immediately preceding the week or month, as
                                 applicable, in which the particular Interest
                                 Determination Date falls; or

                         ii.     if the rate referred to in clause (i) does not
                                 so appear on Moneyline Telerate Page 7052, the
                                 percentage equal to the one-week or one-month,
                                 as specified on the face hereof, average yield
                                 for United States Treasury securities at
                                 "constant maturity" having the particular Index
                                 Maturity and for the week or month, as
                                 applicable, preceding the particular Interest
                                 Determination Date as published in H.15(519)
                                 opposite the caption "Treasury Constant
                                 Maturities"; or

                         iii.    if the rate referred to in clause (ii) does not
                                 so appear in H.15(519), the one-week or
                                 one-month, as specified on the face hereof,
                                 average yield for United States Treasury
                                 securities at "constant maturity" having the
                                 particular Index Maturity as otherwise
                                 announced by the Federal Reserve Bank of New
                                 York for the week or month, as applicable,
                                 ended immediately preceding the week or month,
                                 as applicable, in which the particular Interest
                                 Determination Date falls; or

                         iv.     if the rate referred to in clause (iii) is not
                                 so published, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent as a yield to maturity based
                                 on the arithmetic mean of the secondary market
                                 bid prices at approximately 3:30 P.M., New York
                                 City time, on that Interest Determination Date
                                 of three Reference Dealers selected by the
                                 Calculation Agent from five Reference Dealers
                                 selected by the Calculation Agent and
                                 eliminating the highest quotation, or, in the
                                 event of equality, one of the highest, and the
                                 lowest quotation or, in the event of equality,
                                 one of the lowest, for United States Treasury
                                 securities with an original maturity equal to
                                 the particular Index Maturity, a remaining term
                                 to maturity no more than one year shorter than
                                 that Index Maturity and in a principal amount
                                 that is representative for a single transaction
                                 in the securities in that market at that time;
                                 or

                                     A-2-15
<Page>

                         v.      if fewer than five but more than two of the
                                 prices referred to in clause (iv) are provided
                                 as requested, the rate on the particular
                                 Interest Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations shall
                                 be eliminated; or

                         vi.     if fewer than three prices referred to in
                                 clause (iv) are provided as requested, the rate
                                 on the particular Interest Determination Date
                                 calculated by the Calculation Agent as a yield
                                 to maturity based on the arithmetic mean of the
                                 secondary market bid prices as of approximately
                                 3:30 P.M., New York City time, on that Interest
                                 Determination Date of three Reference Dealers
                                 selected by the Calculation Agent from five
                                 Reference Dealers selected by the Calculation
                                 Agent and eliminating the highest quotation or,
                                 in the event of equality, one of the highest
                                 and the lowest quotation or, in the event of
                                 equality, one of the lowest, for United States
                                 Treasury securities with an original maturity
                                 greater than the particular Index Maturity, a
                                 remaining term to maturity closest to that
                                 Index Maturity and in a principal amount that
                                 is representative for a single transaction in
                                 the securities in that market at the time; or

                         vii.    if fewer than five but more than two prices
                                 referred to in clause (vi) are provided as
                                 requested, the rate on the particular Interest
                                 Determination Date calculated by the
                                 Calculation Agent based on the arithmetic mean
                                 of the bid prices obtained and neither the
                                 highest nor the lowest of the quotations will
                                 be eliminated; or

                         viii.   if fewer than three prices referred to in
                                 clause (vi) are provided as requested, the CMT
                                 Rate in effect on that Interest Determination
                                 Date.

                    If two United States Treasury securities with an original
                    maturity greater than the Index Maturity specified on the
                    face hereof have remaining terms to maturity equally close
                    to the particular Index Maturity, the quotes for the United
                    States Treasury security with the shorter original remaining
                    term to maturity will be used.

               (3) COMMERCIAL PAPER RATE NOTES. If the Interest Rate Basis is
               the Commercial Paper Rate, this Note shall be deemed a
               "Commercial Paper Rate Note." Unless otherwise specified on the
               face hereof, "Commercial Paper Rate" means, from the Issuance
               Date to the first Interest Reset Date, the Initial Interest Rate,
               if any, and thereafter:

                                     A-2-16
<Page>

               (A) the Money Market Yield (as defined below) on the particular
               Interest Determination Date of the rate for commercial paper
               having the Index Maturity specified on the face hereof as
               published in H.15(519) under the caption "Commercial
               Paper--Nonfinancial"; or

               (B) if the rate referred to in clause (A) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the Money Market Yield of the rate on the particular Interest
               Determination Date for commercial paper having the particular
               Index Maturity as published in H.15 Daily Update, or such other
               recognized electronic source used for the purpose of displaying
               the applicable rate, under the caption "Commercial
               Paper--Nonfinancial"; or

               (C) if the rate referred to in clause (B) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date calculated
               by the Calculation Agent as the Money Market Yield of the
               arithmetic mean of the offered rates at approximately 11:00 A.M.,
               New York City time, on that Interest Determination Date of three
               leading dealers of United States dollar commercial paper in The
               City of New York (which may include the purchasing agent or its
               affiliates) selected by the Calculation Agent for commercial
               paper having the particular Index Maturity placed for industrial
               issuers whose bond rating is "Aa", or the equivalent, from a
               nationally recognized statistical rating organization; or

               (D) if the dealers so selected by the Calculation Agent are not
               quoting as mentioned in clause (C), the Commercial Paper Rate in
               effect on the particular Interest Determination Date.

          "Money Market Yield" means a yield (expressed as a percentage)
          calculated in accordance with the following formula:

               Money Market Yield =        D X 360       X 100
                                      -----------------
                                        360 - (D X M)

          where "D" refers to the applicable per annum rate for commercial paper
          quoted on a bank discount basis and expressed as a decimal, and "M"
          refers to the actual number of days in the applicable Interest Reset
          Period.

          (4) FEDERAL FUNDS RATE NOTES. If the Interest Rate Basis is the
          Federal Funds Rate, this Note shall be deemed a "Federal Funds Rate
          Note." Unless otherwise specified on the face hereof, "Federal Funds
          Rate" means, from the Issuance Date to the first Interest Reset Date,
          the Initial Interest Rate, if any, and thereafter:

               (A) the rate on the particular Interest Determination Date for
               United States dollar federal funds as published in H.15(519)
               under the caption "Federal Funds (Effective)" and displayed on
               Moneyline Telerate (or any successor

                                     A-2-17
<Page>

               service) on page 120 (or any other page as may replace the
               specified page on that service) ("Moneyline Telerate Page 120");
               or

               (B) if the rate referred to in clause (A) does not so appear on
               Moneyline Telerate Page 120 or is not so published by 3:00 P.M.,
               New York City time, on the related Calculation Date, the rate on
               the particular Interest Determination Date for United States
               dollar federal funds as published in H.15 Daily Update, or such
               other recognized electronic source used for the purpose of
               displaying the applicable rate, under the caption "Federal Funds
               (Effective)"; or

               (C) if the rate referred to in clause (B) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date calculated
               by the Calculation Agent as the arithmetic mean of the rates for
               the last transaction in overnight United States dollar federal
               funds arranged by three leading brokers of United States dollar
               federal funds transactions in The City of New York (which may
               include the purchasing agent or its affiliates) selected by the
               Calculation Agent prior to 9:00 A.M., New York City time, on that
               Interest Determination Date; or

               (D) if the brokers so selected by the Calculation Agent are not
               quoting as mentioned in clause (C), the Federal Funds Rate in
               effect on the particular Interest Determination Date.

          (5) LIBOR NOTES. If the Interest Rate Basis is LIBOR, this Note shall
          be deemed a "LIBOR Note." Unless otherwise specified on the face
          hereof, "LIBOR" means, from the Issuance Date to the first Interest
          Reset Date, the Initial Interest Rate, if any, and thereafter:

               (A) if "LIBOR Moneyline Telerate" is specified on the face hereof
               or if neither "LIBOR Reuters" nor "LIBOR Moneyline Telerate" is
               specified on the face hereof as the method for calculating LIBOR,
               the rate for deposits in the LIBOR Currency (as defined below)
               having the Index Maturity specified on the face hereof,
               commencing on the related Interest Reset Date, that appears on
               the LIBOR Page (as defined below) as of 11:00 A.M., London time,
               on the particular Interest Determination Date; or

               (B) if "LIBOR Reuters" is specified on the face hereof, the
               arithmetic mean of the offered rates, calculated by the
               Calculation Agent, or the offered rate, if the LIBOR Page by its
               terms provides only for a single rate, for deposits in the LIBOR
               Currency having the particular Index Maturity, commencing on the
               related Interest Reset Date, that appear or appears, as the case
               may be, on the LIBOR Page as of 11:00 A.M., London time, on the
               particular Interest Determination Date; or

                                     A-2-18
<Page>

               (C) if fewer than two offered rates appear, or no rate appears,
               as the case may be, on the particular Interest Determination Date
               on the LIBOR Page as specified in clause (A) or (B), as
               applicable, the rate calculated by the Calculation Agent as the
               arithmetic mean of at least two offered quotations obtained by
               the Calculation Agent after requesting the principal London
               offices of each of four major reference banks (which may include
               affiliates of the purchasing agent) in the London interbank
               market to provide the Calculation Agent with its offered
               quotation for deposits in the LIBOR Currency for the period of
               the particular Index Maturity, commencing on the related Interest
               Reset Date, to prime banks in the London interbank market at
               approximately 11:00 A.M., London time, on that Interest
               Determination Date and in a principal amount that is
               representative for a single transaction in the LIBOR Currency in
               that market at that time; or

               (D) if fewer than two offered quotations referred to in clause
               (C) are provided as requested, the rate calculated by the
               Calculation Agent as the arithmetic mean of the rates quoted at
               approximately 11:00 A.M., in the applicable Principal Financial
               Center, on the particular Interest Determination Date by three
               major banks (which may include affiliates of the purchasing
               agent) in that Principal Financial Center selected by the
               Calculation Agent for loans in the LIBOR Currency to leading
               European banks, having the particular Index Maturity and in a
               principal amount that is representative for a single transaction
               in the LIBOR Currency in that market at that time; or

               (E) if the banks so selected by the Calculation Agent are not
               quoting as mentioned in clause (D), LIBOR in effect on the
               particular Interest Determination Date.

          "LIBOR Currency" means the currency specified on the face hereof as to
          which LIBOR shall be calculated or, if no currency is specified on the
          face hereof, United States dollars.

          "LIBOR Page" means either: (1) if "LIBOR Reuters" is specified on the
          face hereof, the display on the Reuter Monitor Money Rates Service (or
          any successor service) on the page specified on the face hereof (or
          any other page as may replace that page on that service) for the
          purpose of displaying the London interbank rates of major banks for
          the LIBOR Currency; or (2) if "LIBOR Moneyline Telerate" is specified
          on the face hereof or neither "LIBOR Reuters" nor "LIBOR Moneyline
          Telerate" is specified on the face hereof as the method for
          calculating LIBOR, the display on Moneyline Telerate (or any successor
          service) on the page specified on the face hereof (or any other page
          as may replace such page on such service), or if no such page is
          specified, on the Moneyline Telerate (or any successor service) page
          generally used for the purpose of displaying the London interbank
          rates of major banks for the LIBOR Currency.

                                     A-2-19
<Page>

          (6) PRIME RATE NOTES. If the Interest Rate Basis is the Prime Rate,
          this Note shall be deemed a "Prime Rate Note." Unless otherwise
          specified on the face hereof, "Prime Rate" means, from the Issuance
          Date to the first Interest Reset Date, the Initial Interest Rate, if
          any, and thereafter:

               (A) the rate on the particular Interest Determination Date as
               published in H.15(519) under the caption "Bank Prime Loan"; or

               (B) if the rate referred to in clause (A) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date as
               published in H.15 Daily Update, or such other recognized
               electronic source used for the purpose of displaying the
               applicable rate, under the caption "Bank Prime Loan", or

               (C) if the rate referred to in clause (B) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date calculated
               by the Calculation Agent as the arithmetic mean of the rates of
               interest publicly announced by each bank that appears on the
               Reuters Screen US PRIME 1 Page (as defined below) as the
               applicable bank's prime rate or base lending rate as of 11:00
               A.M., New York City time, on that Interest Determination Date; or

               (D) if fewer than four rates referred to in clause (C) are so
               published by 3:00 p.m., New York City time, on the related
               Calculation Date, the rate calculated by the Calculation Agent on
               the particular Interest Determination Date as the arithmetic mean
               of the prime rates or base lending rates quoted on the basis of
               the actual number of days in the year divided by a 360-day year
               as of the close of business on that Interest Determination Date
               by three major banks (which may include affiliates of the
               purchasing agent) in The City of New York selected by the
               Calculation Agent; or

               (E) if the banks so selected by the Calculation Agent are not
               quoting as mentioned in clause (D), the Prime Rate in effect on
               the particular Interest Determination Date.

          "Reuters Screen US PRIME 1 Page" means the display on the Reuter
          Monitor Money Rates Service (or any successor service) on the "US
          PRIME 1" page (or any other page as may replace that page on that
          service) for the purpose of displaying prime rates or base lending
          rates of major United States banks.

          (7) TREASURY RATE NOTES. If the Interest Rate Basis is the Treasury
          Rate, this Note shall be deemed a "Treasury Rate Note." Unless
          otherwise specified on the face hereof, "Treasury Rate" means, from
          the Issuance Date to the first Interest Reset Date, the Initial
          Interest Rate, if any, and thereafter:

                                     A-2-20
<Page>

               (A) the rate from the auction held on the Interest Determination
               Date (the "Auction") of direct obligations of the United States
               ("Treasury Bills") having the Index Maturity specified on the
               face hereof under the caption "INVESTMENT RATE" on the display on
               Moneyline Telerate (or any successor service) on page 56 (or any
               other page as may replace that page on that service) ("Moneyline
               Telerate Page 56") or page 57 (or any other page as may replace
               that page on that service) ("Moneyline Telerate Page 57"); or

               (B) if the rate referred to in clause (A) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the Bond Equivalent Yield (as defined below) of the rate for the
               applicable Treasury Bills as published in H.15 Daily Update, or
               another recognized electronic source used for the purpose of
               displaying the applicable rate, under the caption "U.S.
               Government Securities/Treasury Bills/Auction High"; or

               (C) if the rate referred to in clause (B) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the Bond Equivalent Yield of the auction rate of the applicable
               Treasury Bills as announced by the United States Department of
               the Treasury; or

               (D) if the rate referred to in clause (C) is not so announced by
               the United States Department of the Treasury, or if the Auction
               is not held, the Bond Equivalent Yield of the rate on the
               particular Interest Determination Date of the applicable Treasury
               Bills as published in H.15(519) under the caption "U.S.
               Government Securities/Treasury Bills/Secondary Market"; or

               (E) if the rate referred to in clause (D) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date of the
               applicable Treasury Bills as published in H.15 Daily Update, or
               another recognized electronic source used for the purpose of
               displaying the applicable rate, under the caption "U.S.
               Government Securities/Treasury Bills/Secondary Market"; or

               (F) if the rate referred to in clause (E) is not so published by
               3:00 P.M., New York City time, on the related Calculation Date,
               the rate on the particular Interest Determination Date calculated
               by the Calculation Agent as the Bond Equivalent Yield of the
               arithmetic mean of the secondary market bid rates, as of
               approximately 3:30 P.M., New York City time, on that Interest
               Determination Date, of three primary United States government
               securities dealers (which may include the purchasing agent or its
               affiliates) selected by the Calculation Agent, for the issue of
               Treasury Bills with a remaining maturity closest to the Index
               Maturity specified on the face hereof; or

                                     A-2-21
<Page>

               (G) if the dealers so selected by the Calculation Agent are not
               quoting as mentioned in clause (F), the Treasury Rate in effect
               on the particular Interest Determination Date.

          "Bond Equivalent Yield" means a yield (expressed as a percentage)
          calculated in accordance with the following formula:

               Bond Equivalent Yield =        D X N        X 100
                                        -----------------
                                          360 - (D X M)

          where "D" refers to the applicable per annum rate for Treasury Bills
          quoted on a bank discount basis and expressed as a decimal, "N" refers
          to 365 or 366, as the case may be, and "M" refers to the actual number
          of days in the applicable Interest Reset Period.

       (C) DISCOUNT NOTES. If this Note is specified on the face hereof as a
       "Discount Note":

           (i) PRINCIPAL AND INTEREST. This Note will bear interest in the same
           manner as set forth in Section 3(a) above, and payments of principal
           and interest shall be made as set forth on the face hereof. Discount
           Notes may not bear any interest currently or may bear interest at a
           rate that is below market rates at the time of issuance. The
           difference between the Issue Price of a Discount Note and par is
           referred to as the "Discount".

           (ii) REDEMPTION; REPAYMENT; ACCELERATION. In the event a Discount
           Note is redeemed, repaid or accelerated, the amount payable to the
           Holder of such Discount Note will be equal to the sum of: (A) the
           Issue Price (increased by any accruals of Discount) and, in the event
           of any redemption of such Discount Note, if applicable, multiplied by
           the Initial Redemption Percentage (as adjusted by the Annual
           Redemption Percentage Reduction, if applicable); and (B) any unpaid
           interest accrued on such Discount Note to the Maturity Date
           ("Amortized Face Amount"). Unless otherwise specified on the face
           hereof, for purposes of determining the amount of Discount that has
           accrued as of any date on which a redemption, repayment or
           acceleration of maturity occurs for a Discount Note, a Discount will
           be accrued using a constant yield method. The constant yield will be
           calculated using a 30-day month, 360-day year convention, a
           compounding period that, except for the Initial Period (as defined
           below), corresponds to the shortest period between Interest Payment
           Dates for the applicable Discount Note (with ratable accruals within
           a compounding period), a coupon rate equal to the initial coupon rate
           applicable to the applicable Discount Note and an assumption that the
           maturity of such Discount Note will not be accelerated. If the period
           from the date of issue to the first Interest Payment Date for a
           Discount Note (the "Initial Period") is shorter than the compounding
           period for such Discount Note, a proportionate amount of the yield
           for an entire compounding period will be accrued. If the Initial
           Period is longer than the compounding period, then the period will be
           divided into a regular compounding period and a short period with the
           short period being treated as provided above.

                                     A-2-22
<Page>

       (d) AMORTIZING NOTES. If this Note is specified on the face hereof as an
"Amortizing Note", this Note will bear interest in the same manner as set forth
in Section 3(a) above, and payments of principal, premium, if any, and interest
will be made as set forth on the face hereof and/or in accordance with Schedule
I attached hereto. The Trust will make payments combining principal, premium (if
any) and interest, if applicable, on the dates and in the amounts set forth in
the table appearing in SCHEDULE I, attached to this Note or in accordance with
the formula specified on the face hereof. Payments made hereon will be applied
first to interest due and payable hereon and then to the reduction of the unpaid
principal amount hereof.

SECTION 4. REDEMPTION. If no redemption right is set forth on the face hereof,
this Note may not be redeemed prior to the Stated Maturity Date, except as set
forth in the Indenture. If a redemption right is set forth on the face of this
Note, the Trust shall elect to redeem this Note on the Interest Payment Date
after the Initial Redemption Date set forth on the face hereof on which the
Funding Agreement is to be redeemed in whole or in part by Hartford Life
Insurance Company ("Hartford Life") (each, a "Redemption Date"), in which case
this Note must be redeemed on such Redemption Date in whole or in part, as
applicable, prior to the Stated Maturity Date, in increments equal to the
Authorized Denominations (provided that any remaining Principal Amount hereof
shall be at least equal to the Authorized Denomination) at the applicable
Redemption Price (as defined below), together with unpaid interest, if any,
accrued thereon to, but excluding, the applicable Redemption Date. "Redemption
Price" shall mean an amount equal to the Initial Redemption Percentage (as
adjusted by the Annual Redemption Percentage Reduction, if applicable)
multiplied by the unpaid Principal Amount of this Note to be redeemed (or in the
case of Discount Notes, multiplied as set forth in Section 3(c)(ii) above). The
unpaid Principal Amount of this Note to be redeemed shall be determined by
multiplying (1) the Outstanding Principal Amount of this Note by (2) the
quotient derived by dividing (A) the outstanding principal amount of the Funding
Agreement to be redeemed by Hartford Life by (B) the outstanding principal
amount of the Funding Agreement. The Initial Redemption Percentage, if any,
applicable to this Note shall decline at each anniversary of the Initial
Redemption Date by an amount equal to the applicable Annual Redemption
Percentage Reduction, if any, until the Redemption Price is equal to 100% of the
unpaid amount thereof to be redeemed. Notice must be given not more than
seventy-five (75) nor less than thirty (30) calendar days prior to the proposed
Redemption Date. In the event of redemption of this Note in part only, a new
Note for the unredeemed portion hereof shall be issued in the name of the Holder
hereof upon the surrender hereof.

SECTION 5. SINKING FUNDS AND AMORTIZING NOTES. Unless specified on the face
hereof, this Note will not be subject to, or entitled to the benefit of, any
sinking fund. If this Note is an Amortizing Note, this Note may pay an amount in
respect of both interest and principal amortized over the life of this Note.

SECTION 6. REPAYMENT. If no repayment right is set forth on the face hereof,
this Note may not be repaid at the option of the Holder hereof prior to the
Stated Maturity Date. If a repayment right is granted on the face of this Note,
this Note may be subject to repayment at the option of the Holder on any
Interest Payment Date on and after the date, if any, indicated on the face
hereof (each, a "Repayment Date"). On any Repayment Date, unless otherwise
specified on the face hereof, this Note shall be repayable in whole or in part
in increments equal to the Authorized Denominations (provided that any remaining
Principal Amount hereof shall be at

                                     A-2-23
<Page>

least equal to the Authorized Denomination) at the option of the Holder hereof
at the Repayment Price equal to the percentage of the Principal Amount to be
repaid specified on the face hereof, together with interest thereon payable to
the Repayment Date.  For this Note to be repaid in whole or in part at the
option of the Holder hereof, the Indenture Trustee (or the Paying Agent on
behalf of the Indenture Trustee) must receive, at its Corporate Trust Office,
or at such other place or places of which the Trust shall from time to time
notify the Holder of this Note, not more than seventy-five (75) nor less than
thirty (30) days prior to a Repayment Date, shown on the face of this Note,
(i) this Note with the form entitled "Option to Elect Repayment", attached
hereto, duly completed by the Holder or (ii) a telegram, telex, facsimile
transmission or a letter from a member of a national securities exchange or
the National Association of Securities Dealers, Inc. or a commercial bank or a
trust company in the United States setting forth the name of the holder of
this Note, the principal amount hereof, the certificate number of this Note or
a description of this Note's tenor and terms, the principal amount hereof to
be repaid, a statement that the option to elect repayment is being exercised
thereby and a guarantee that this Note, together with the form entitled
"Option to Elect Repayment" duly completed, will be received by the Indenture
Trustee (or the Paying Agent on behalf of the Indenture Trustee) not later
than the fifth (5th) Business Day after the date of such telegram, telex,
facsimile transmission or letter; PROVIDED, that such telegram, telex,
facsimile transmission or letter shall only be effective if this Note and form
duly completed are received by the Indenture Trustee (or the Paying Agent on
behalf of the Indenture Trustee) by such fifth (5th) Business Day.  Exercise
of such repayment option by the Holder hereof shall be irrevocable.  In the
event of repayment of this Note in part only, a new Note or Notes for the
amount of the unpaid portion hereof shall be issued in the name of the Holder
hereof upon the cancellation hereof.

SECTION 7. MODIFICATIONS AND WAIVERS. The Indenture contains provisions
permitting the Trust and the Indenture Trustee (1) at any time and from time to
time without notice to, or the consent of, the Holders of any Notes issued under
the Indenture to enter into one or more supplemental indentures for certain
enumerated purposes and (2) with the consent of the Holders of a majority in
aggregate principal amount of the Outstanding Notes affected thereby, to enter
into one or more supplemental indentures for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, the Indenture or of modifying in any manner the rights of Holders of Notes
under the Indenture; PROVIDED, that, with respect to certain enumerated
provisions, no such supplemental indenture shall be entered into without the
consent of the Holder of each Note affected thereby. Any such consent or waiver
by the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future Holders of this Note and of any Note 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 or such other
Notes.

SECTION 8. OBLIGATIONS UNCONDITIONAL. No reference herein to the Indenture and
no provisions of this Note or of the Indenture shall impair the right of each
Holder of any Note, which is absolute and unconditional, to receive payment of
the principal of, and any interest on, and premium, if any, on, such Note on the
respective Stated Maturity Date or redemption date thereof and to institute suit
for the enforcement of any such payment, and such rights shall not be impaired
without the consent of such Holder.

SECTION 9. EVENTS OF DEFAULT. If an Event of Default with respect to the Notes
shall occur and be continuing, the principal of, and all other amounts payable
on, the Notes may be declared due and payable, or may be automatically
accelerated, as the case may be, in the manner and with the effect provided in
the Indenture. In the event that this Note is a Discount Note, the amount of
principal of this Note that becomes due and payable upon such acceleration shall
be equal to the amount calculated as set forth in Section 3(c) hereof.

SECTION 10. WITHHOLDING; TAX EVENT. All amounts due in respect of this Note
will be made free and clear of any applicable withholding or deduction for or
on account of any present or future taxes, duties, levies, assessments or
other governmental charges of whatever nature imposed or levied by or on
behalf of any governmental authority, unless such withholding or deduction is
required by law. Unless otherwise specified on the face hereof, the Trust will
not pay any additional amounts to the Holder of this Note in respect of any
such withholding or deduction, any such withholding or deduction will not give
rise to an event of default or any independent right or obligation to redeem
this Note and the Holder will be deemed for all purposes to have received cash
in an amount equal to the portion of such withholding or deduction that is
attributable to such Holder's interest in this Note as equitably determined by
the Trust.

        If Hartford Life will be required to pay additional amounts to the
Trust to reflect any required withholding or deduction under the Funding
Agreement and Hartford Life is required, or based on an opinion of independent
legal counsel selected by Hartford Life more than an insubstantial risk exists
that Hartford Life will be required to pay additional amounts in respect of
such withholding or deduction, Hartford Life will have the right to redeem the
Funding Agreement and, if Hartford Life elects to so redeem the Funding
Agreement, the Trust will redeem this Note, subject to the terms and
conditions of SECTION 2.04 of the Indenture.

                                     A-2-24
<Page>

       If (1) a Tax Event (defined below) as to the relevant Funding Agreement
occurs and (2) Hartford Life elects to redeem the Funding Agreement in whole or
in part, the Trust will redeem this Note, subject to the terms and conditions of
SECTION 2.04 of the Indenture, at the Tax Event Redemption Price (defined below)
together with unpaid interest accrued thereon to the applicable redemption date.
"Tax Event" means that Hartford Life shall have received an opinion of
independent legal counsel stating in effect that as a result of (a) any
amendment to, or change (including any announced prospective change) in, the
laws (or any regulations thereunder) of the United States or any political
subdivision or taxing authority thereof or therein or (b) any amendment to, or
change in, an interpretation or application of any such laws or regulations by
any governmental authority in the United States, which amendment or change is
enacted, promulgated, issued or announced on or after the effective date of the
relevant Funding Agreement, there is more than an insubstantial risk that (i)
the Trust is, or will be within ninety (90) days of the date thereof, subject to
U.S. federal income tax with respect to interest accrued or received on the
relevant Funding Agreement or (ii) the Trust is, or will be within ninety (90)
days of the date thereof, subject to more than a de minimis amount of taxes,
duties or other governmental charges. "Tax Event Redemption Price" means an
amount equal to the unpaid principal amount of this Note to be redeemed, which
shall be determined by multiplying (1) the Outstanding Principal Amount of this
Note by (2) the quotient derived by dividing (A) the outstanding principal
amount to be redeemed by Hartford Life of the Funding Agreement by (B) the
outstanding principal amount of the Funding Agreement.

SECTION 11. LISTING. Unless otherwise specified on the face hereof, this Note
will not be listed on any securities exchange.

SECTION 12. COLLATERAL. The Collateral for this Note includes the Funding
Agreement specified on the face hereof.

SECTION 13. NO RECOURSE AGAINST CERTAIN PERSONS. No recourse shall be had for
the payment of any principal, interest or any other sums at any time owing under
the terms of this Note, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental
thereto, against the Nonrecourse Parties, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such personal liability being, by the acceptance hereof and as
part of the consideration for issue hereof, expressly waived and released.

SECTION 14. MISCELLANEOUS.

       (a) This Note is issuable only as a registered Note without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof
unless otherwise specified on the face of this Note.

       (b) Prior to due presentment for registration of transfer of this Note,
the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent,
and any other agent of the Trust or the Indenture Trustee may treat the Person
in whose name this Note is registered as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Note shall be overdue, and none of the Trust, the Indenture Trustee, the

                                     A-2-25
<Page>

Registrar, the Paying Agent, any Agent, or any other agent of the Trust or the
Indenture Trustee shall be affected by notice to the contrary.

       (c) The Notes are being issued by means of a book-entry-only system with
no physical distribution of certificates to be made except as provided in the
Indenture. The book-entry system maintained by DTC will evidence ownership of
the Notes, with transfers of ownership effected on the records of DTC and its
participants pursuant to rules and procedures established by DTC and its
participants. The Trust and the Indenture Trustee will recognize Cede & Co., as
nominee of DTC, as the registered owner of the Notes, as the Holder of the Notes
for all purposes, including payment of principal, premium (if any) and interest,
notices and voting. Transfer of principal, premium (if any) and interest to
participants of DTC will be the responsibility of DTC, and transfer of
principal, premium (if any) and interest to beneficial holders of the Notes by
participants of DTC will be the responsibility of such participants and other
nominees of such beneficial holders. So long as the book-entry system is in
effect, the selection of any Notes to be redeemed or repaid will be determined
by DTC pursuant to rules and procedures established by DTC and its participants.
Neither the Trust nor the Indenture Trustee will not be responsible or liable
for such transfers or payments or for maintaining, supervising or reviewing the
records maintained by DTC, its participants or persons acting through such
participants.

       (d) This Note or portion hereof may not be exchanged for Definitive
Notes, except in the limited circumstances provided for in the Indenture. The
transfer or exchange of Definitive Notes shall be subject to the terms of the
Indenture. No service charge will be made for any registration of transfer or
exchange, but the Trust may require payment of a sum sufficient to cover any tax
or other governmental charge payable in connection therewith.

SECTION 15. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                                     A-2-26
<Page>

                            OPTION TO ELECT REPAYMENT

     The undersigned hereby irrevocably request(s) and instruct(s) the Trust to
repay this Note (or portion hereof specified below) pursuant to its terms at a
price equal to the Principal Amount hereof together with interest to the
repayment date, to the undersigned, at:

______________________________________________________________________________

______________________________________________________________________________
(Please print or typewrite name and address of the undersigned).

     If less than the entire Principal Amount of this Note is to be repaid,
specify the portion hereof (which shall be in increments of $1,000) which the
Holder elects to have repaid and specify the denomination or denominations
(which shall be $______ or an integral multiple of $1,000 in excess of $______)
of the Notes to be issued to the Holder for the portion of this Note not being
repaid (in the absence of any such specification, one such Note will be issued
for the portion not being repaid).

$ ______________________________
                                       NOTICE: The signature on this Option to
DATE:  _________________________       Elect Repayment must correspond with the
                                       name as written upon the face of this
                                       Note in every particular, without
                                       alteration or enlargement or any change
                                       whatever.

Principal Amount to be repaid, if      Fill in for registration of Notes
amount to be repaid is less than       if to be issued otherwise than
the Principal Amount of this           to the registered Holder:
Note (Principal Amount remaining
must be an authorized denomination)
                                       Name: ___________________________
$_______________________________       Address: ________________________
                                                ________________________
                                       (Please print name and
                                       address including zip code)

SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER: _________________

                                     A-2-27
<Page>

                                   SCHEDULE I

                          AMORTIZATION TABLE OR FORMULA

                                     A-2-28

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