Document:

<PAGE>
                                                                    Exhibit 10.2

                                 AMENDMENT NO. 4
                                       to

                       364-DAY REVOLVING CREDIT AGREEMENT

         THIS AMENDMENT NO. 4 TO THE 364-DAY REVOLVING CREDIT AGREEMENT (the
"Amendment") is made as of March 17, 2004 by and among THE TJX COMPANIES, INC.
(the "Borrower"), the financial institutions listed on the signature pages
hereof (the "Lenders"), THE BANK OF NEW YORK, as successor administrative agent
for the Lenders (the "Administrative Agent") and as a resigning syndication
agent, BANK ONE, NA, as resigning administrative agent, FLEET NATIONAL BANK, as
a resigning syndication agent, JPMORGAN CHASE BANK and BANK OF AMERICA, N.A., as
successor syndication agents (collectively, the "Syndication Agents") and as
resigning documentation agents and KEY BANK and UNION BANK OF CALIFORNIA, as
successor documentation agents (collectively, the "Documentation Agents").

                                   WITNESSETH

         WHEREAS, the Borrower, the Lenders, Bank One, NA, as Administrative
Agent, Fleet National Bank and The Bank of New York, as Syndication Agents and
Bank of America, N.A. and JPMorgan Chase Bank, as Documentation Agents entered
into that certain 364-Day Revolving Credit Agreement, dated as of March 26, 2002
(as amended, restated, supplemented or otherwise modified from time to time, the
"Credit Agreement"; capitalized terms used herein, but not defined herein, shall
have the meanings ascribed to such terms in the Credit Agreement);

         WHEREAS, the Borrower has requested that the Lenders agree to renew the
Commitments and the Credit Agreement for an additional 364 days from the
Effective Date (as hereinafter defined) of this Amendment;

         WHEREAS, the Borrower has requested that the Lenders agree to amend
certain provisions of the Credit Agreement, and the Lenders are willing to agree
to such amendments upon the terms and conditions contained in this Amendment;

         WHEREAS, Bank One, NA is resigning as Administrative Agent and the
Borrower has requested that The Bank of New York be appointed as successor
Administrative Agent and that the Required Lenders consent to the appointment of
The Bank of New York as successor Administrative Agent;

         WHEREAS, Fleet National Bank and The Bank of New York are resigning as
Syndication Agents and the Borrower is designating JPMorgan Chase Bank and Bank
of America, N.A. as successor Syndication Agents;

<PAGE>

         WHEREAS, Bank of America, N.A. and JPMorgan Chase Bank are resigning as
Documentation Agents and the Borrower is designating Key Bank and Union Bank of
California as successor Documentation Agents;

         WHEREAS, the Borrower is also designating JPMorgan Securities, Inc. and
Banc of America Securities, LLC (together with the current Co-Lead Arranger, BNY
Capital Markets, Inc.) as Co-Arrangers and BNY Capital Markets, Inc. as Sole
Book Runner; and

         WHEREAS, the parties have agreed to renew and amend the Credit
Agreement on the terms and conditions set forth herein;

         NOW, THEREFORE, in consideration of the premises set forth above, the
terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree to the following amendments to the Credit Agreement:

                  1. Amendments to the Credit Agreement. Effective as of March
19, 2004 (the "Effective Date") and subject to the satisfaction of the
conditions precedent set forth in Section 4 below on or before March 17, 2004,
the Credit Agreement is hereby amended as follows:

                  1.1 Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition of "Administrative Agent" in its entirety and replacing
it with the following:

                           "Administrative Agent" means BNY in its capacity as
                  contractual representative for the Lenders pursuant to Article
                  X, and not in its capacity as a Lender, and any successor
                  Administrative Agent appointed pursuant to Article X.

                  1.2 Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition of "Arrangers" in its entirety and replacing it with the
following:

                           "Arrangers" means JPMorgan Securities, Inc. and Banc
                  of America Securities, LLC, in their capacities as co-lead
                  arrangers and BNY Capital Markets, Inc. in its capacity as a
                  co-lead arranger and sole book runner.

                  1.3 Section 1.1 of the Credit Agreement is hereby amended by
adding the following definition in the appropriate alphabetical order:

                            "B of A" means Bank of America, N.A.

                  1.4 Section 1.1 is hereby amended by adding the following
definition of "Documentation Agents" in the appropriate alphabetical order:

                                      -2-
<PAGE>

                            "Documentation Agents" means, collectively, Key Bank
                   and UBOC and their respective successors and assigns.

                  1.5 Section 1.1 of the Credit Agreement is hereby amended by
adding the following definition in appropriate alphabetical order:

                            "Key Bank" means Key Bank, National Association.

                  1.6 Section 1.1 of the Credit Agreement is hereby amended by
adding the following definition in the appropriate alphabetical order:

                           "JPMorgan" means JPMorgan Chase Bank.

                  1.7 Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition of "Payment Office" in its entirety and replacing it
with the following:

                           "Payment Office" means the principal office of the
                  Administrative Agent in New York, New York, located on the
                  date hereof at One Wall Street, New York, New York 10286 or
                  such other office of the Administrative Agent as the
                  Administrative Agent may from time to time designate by
                  written notice to the Borrower and the Lenders.

                  1.8 Section 1.1 of the Credit Agreement is hereby amended by
deleting the date "March 19, 2004" now appearing in the definition of "Revolving
Loan Termination Date" and replacing it with the date "March 17, 2005. "

                  1.9 Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition of "Specified Remittance Time" in its entirety and
replacing it with the following:

                           "Specified Remittance Time" means (a) if the relevant
                  Payment Office is located in New York, New York, 2:00 p.m.
                  (New York time) and (b) if the relevant Payment Office is
                  located elsewhere, such time as the Administrative Agent shall
                  specify after consultation with the Lenders and the consent of
                  the Borrower, which consent shall not be reasonably withheld.

                  1.10 Section 1.1 of the Credit Agreement is hereby amended by
deleting the definition of "Syndication Agents" in its entirety and replacing it
with the following:

                           "Syndication Agents" means, collectively, JPMorgan
                  and B of A and their respective successors and assigns.

                  1.11 Section 1.1 of the Credit Agreement is hereby amended by
adding the following definition in appropriate alphabetical order:

                                      -3-
<PAGE>

                           "UBOC" means Union Bank of California.

                  1.12 Section 2.10(b)(ii) of the Credit Agreement is hereby
amended by deleting "9:45 a.m. (Chicago time)" where it appears and replacing it
with "10:45 a.m. (New York time)."

                  1.13 Sections 5.4 and 5.5 of the Credit Agreement are hereby
amended by deleting the date "January 26, 2002" and replacing it with the date
"January 25, 2003."

                  1.14 The Credit Agreement is hereby amended by deleting "Bank
One" in each place where it appears as a reference to the Administrative Agent
and replacing it with "BNY."

                  1.15 The Credit Agreement is hereby amended by deleting "11:00
a.m. (Chicago time)" in each place in which it appears and replacing it with
"12:00 p.m. (New York time)," by deleting "10:00 a.m. (Chicago time)" in each
place in which it appears and replacing it with "11:00 a.m. (New York time)" and
by deleting "1:00 p.m. (Chicago time)" in each place in which it appears and
replacing it with "2:00 p.m. (New York time)."

                  1.16 The Credit Agreement is hereby amended by deleting
Schedule 1 in its entirety and replacing it with the attached Schedule 1.

                  2. Resignation and Appointment of Administrative Agent.

                  2.1 Resignation of Bank One, NA. Pursuant to Section 10.11 of
the Credit Agreement, Bank One, NA hereby resigns as Administrative Agent
effective as of the Effective Date.

                  2.2 Appointment of Successor Administrative Agent. The
Borrower and the Lenders (a) hereby waive compliance with the procedures set
forth in Section 10.11 of the Credit Agreement relating to the resignation of
Bank One, NA, as Administrative Agent and the appointment and approval of BNY,
as successor Administrative Agent, (b) accept the resignation of Bank One, NA,
as Administrative Agent and hereby appoint and approve The Bank of New York as
successor Administrative Agent, effective as of the Effective Date and (c) agree
that from and after the Effective Date, all references in the Credit Agreement
or any other Loan Document to the Administrative Agent shall be deemed to refer
to The Bank of New York as Administrative Agent.

                  2.3 Acceptance of Appointment. The Bank of New York hereby
accepts its appointment as Administrative Agent.

                  3. Resignation and Designation of Syndication Agents,
Documentation Agents, and Co-Arrangers and Sole Book Runner.

                                      -4-
<PAGE>

                  3.1 Syndication Agents. Fleet and BNY hereby resign as
Syndication Agents and JPMorgan and B of A are hereby designated as Syndication
Agents.

                  3.2 Documentation Agents. B of A and JPMorgan hereby resign as
Documentation Agents and Key Bank and UBOC are hereby designated as
Documentation Agents.

                  3.3 Co-Arrangers and Book Runners. JPMorgan Securities, Inc.,
Bank of America Securities, LLC and BNY Capital Markets, Inc. are hereby
designated as Co-Arrangers in the place of Fleet Securities, Inc. and BNY
Capital Markets, Inc. In addition, BNY Capital Markets, Inc. is hereby
designated as Sole Book Runner in place of Fleet Securities, Inc. and BNY
Capital Markets, Inc., as Joint Book Runners.

                  4. Conditions of Effectiveness. The effectiveness of this
Amendment is subject to the conditions precedent that the Administrative Agent
shall have received the following on or before March 17, 2004:

                  (a) duly executed copies of this Amendment from each of the
Borrower, the successor and resigning Administrative Agent, the successor and
resigning Syndication Agents, the successor and resigning Documentation Agents
and the Lenders;

                  (b) duly executed copies of a Reaffirmation in the form of
Attachment A attached hereto from each of the Subsidiaries identified thereon
(the "Reaffirmation");

                  (c) the Upfront Fee (as defined below);

                  (d) any other fee payable to the Agents in connection with
this Amendment, which fees may be paid directly to the Agents;

                  (e) a Certificate of the Secretary of the Borrower and each
party executing the Reaffirmation (collectively, the "Credit Parties") (i)
certifying that there have been no changes in its respective certificate of
incorporation and by-laws (or equivalent governing documents) since March 24,
2003, (ii) certifying as to the resolutions of the board of directors (or
similar governing body) of each such Credit Party approving and authorizing the
execution, delivery and performance of the Credit Agreement, as amended hereby,
and the other Loan Documents to which it is a party, and (iii) certifying as to
the incumbency and the signatures of the officers, identified by name and title,
of each such Credit Party authorized to execute this Amendment and the other
Loan Documents; and

                  (f) a copy of the certificate of good standing, existence or
its equivalent certified as of a recent date by the appropriate government
authority of the state of incorporation of the Borrower.

                                      -5-
<PAGE>

                  5. Upfront Fee. The Borrower shall pay to the Administrative
Agent for the account of each Lender an upfront fee (the "Upfront Fee") in an
amount equal to 0.03% (3 basis points) multiplied by such Lender's Commitment
(after giving effect to this Amendment).

                  6. Representations and Warranties of the Borrower.

                  6.1 The Borrower hereby represents and warrants that this
Amendment, the Reaffirmation and the Credit Agreement as previously executed and
as amended hereby, constitute legal, valid and binding obligations of the
Borrower and the Subsidiaries parties thereto and are enforceable against the
Borrower and the Subsidiaries parties thereto in accordance with their terms
(except as enforceability may be limited by bankruptcy, insolvency or similar
laws affecting the enforcement of creditors' rights generally).

                  6.2 Upon the effectiveness of this Amendment and after giving
effect hereto, the Borrower hereby (i) reaffirms all representations and
warranties contained in Article V of the Credit Agreement, as amended hereby,
and agrees that all such representations and warranties are true and correct in
all material respects, as though made on and as of the Effective Date, except to
the extent any such representation or warranty is stated to relate solely to an
earlier date, in which case such representation or warranty shall be true and
correct on and as of such earlier date and (ii) certifies to the Agents and the
Lenders that no Default or Unmatured Default has occurred and is continuing.

                  7. Reference to the Effect on the Credit Agreement.

                  7.1 Upon the effectiveness of Section 1, hereof, on and after
the date hereof, each reference in the Credit Agreement or in any other Loan
Document (including any reference therein to "this Credit Agreement,"
"hereunder," "hereof," "herein" or words of like import referring thereto) or in
any other Loan Document shall mean and be a reference to the Credit Agreement as
amended hereby.

                  7.2 Except as specifically amended above, the Credit Agreement
and all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.

                  7.3 The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of the
Administrative Agent or the Lenders, nor constitute a waiver of any provision of
the Credit Agreement or any other documents, instruments and agreements executed
and/or delivered in connection therewith.

                  8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL

                                      -6-
<PAGE>

LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ., BUT OTHERWISE WITHOUT REGARD TO THE
CONFLICT OF LAW PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO
FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

                  9. Headings. Section headings in this Amendment are included
herein for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.

                  10. Counterparts. This Amendment may be executed by one or
more of the parties to this Amendment on any number of separate counterparts and
all of said counterparts taken together shall be deemed to constitute one and
the same instrument.

                                      -7-
<PAGE>

         IN WITNESS WHEREOF, this Amendment has been duly executed as of the day
and year first above written.

                                                THE TJX COMPANIES, INC., as the
                                                Borrower

                                                By: /s/ Mary B. Reynolds
                                                    ----------------------------
                                                    Name:  Mary B. Reynolds
                                                           ---------------------
                                                    Title: Vice President -
                                                           Finance, Treasurer
                                                           ---------------------

<PAGE>

                                                     THE BANK OF NEW YORK, as
                                                     successor Administrative
                                                     Agent, as a resigning
                                                     Syndication Agent and as a
                                                     Lender

                                                     By:  /s/ Johna M. Fidanza
                                                         -----------------------
                                                         Name:  Johna M. Fidanza
                                                                ----------------
                                                         Title: Vice President
                                                                ----------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT

<PAGE>

                                            BANK ONE, NA (Main Office Chicago),
                                            as resigning Administrative Agent
                                            and as a Lender

                                            By: /s/ Marion Church
                                                --------------------------------
                                                Name:  Marion Church
                                                       -------------------------
                                                Title: Associate
                                                       -------------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               FLEET NATIONAL BANK, as a
                                               resigning Syndication Agent and
                                               as a Lender

                                               By:   /s/ Linda Alto
                                                     ---------------------------
                                                     Name:   Linda Alto
                                                             -------------------
                                                     Title:  Director
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                              BANK OF AMERICA, N.A., as a
                                              successor Syndication Agent, as a
                                              resigning Documentation Agent and
                                              as a Lender

                                              By:   /s/ Amy Honey
                                                    ----------------------------
                                                    Name:   Amy Honey
                                                            --------------------
                                                    Title:  Vice President
                                                            --------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                                   JPMORGAN CHASE BANK, as a
                                                   successor Syndication Agent,
                                                   as a resigning Documentation
                                                   Agent and as a Lender

                                                   By:   /s/ John A. Francis
                                                         -----------------------
                                                         Name:   John A. Francis
                                                                 ---------------
                                                         Title:  Vice President
                                                                 ---------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               FIFTH THIRD BANK, as a Lender

                                               By:  /s/ Brooke Balcom
                                                    ----------------------------
                                                    Name:   Brooke Balcom
                                                            --------------------
                                                    Title:  Relationship Manager
                                                            --------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               UNION BANK OF CALIFORNIA, N.A.,
                                               as a successor Documentation
                                               Agent and as a Lender

                                               By:   /s/ Theresa L. Rocha
                                                     ---------------------------
                                                     Name:   Theresa Rocha
                                                             -------------------
                                                     Title:  Vice President
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               KEY BANK NATIONAL ASSOCIATION, as
                                               a successor Documentation Agent
                                               and as a Lender

                                               By:   /s/ David J. Wechter
                                                     ---------------------------
                                                     Name:   David J. Wechter
                                                             -------------------
                                                     Title:  Vice President
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               PNC BANK, NATIONAL ASSOCIATION,
                                               as a Lender

                                               By:   /s/ Donald V. Davis
                                                     ---------------------------
                                                     Name:   Donald V. Davis
                                                             -------------------
                                                     Title:  Managing Director
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                            MELLON BANK, N.A., as a Lender

                                            By: /s/ Thomas J. Tarasovich, Jr.
                                                --------------------------------
                                                Name:  Thomas J. Tarasovich, Jr.
                                                       -------------------------
                                                Title: Assistant Vice President
                                                       -------------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               ROYAL BANK OF SCOTLAND PLC, as a
                                               Lender

                                               By:   /s/ Brian McInnes
                                                     ---------------------------
                                                     Name:   Brian McInnes
                                                             -------------------
                                                     Title:  Corporate Director
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               U.S. BANK NATIONAL ASSOCIATION,
                                               as a Lender

                                               By:   /s/ Thomas L. Bayer
                                                     ---------------------------
                                                     Name:   Thomas L. Bayer
                                                             -------------------
                                                     Title:  Vice President
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               THE BANK OF NOVA SCOTIA, as a
                                               Lender

                                               By:   /s/ Todd S. Meller
                                                     ---------------------------
                                                     Name:   Todd S. Meller
                                                             -------------------
                                                     Title:  Managing Director
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                           SUNTRUST BANK, N.A., as a Lender

                                           By:   /s/ Todd Schects
                                                 -------------------------------
                                                 Name:  Todd Schects
                                                        ------------------------
                                                 Title: Assistant Vice President
                                                        ------------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               CITIZENS BANK OF MASSACHUSETTS,
                                               as a Lender

                                               By:  /s/ Stephen F. Foley
                                                    ----------------------------
                                                    Name:  Stephen F. Foley
                                                           ---------------------
                                                    Title: Senior Vice President
                                                           ---------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               SOVEREIGN BANK, as a Lender

                                               By:   /s/ Jesse Wong
                                                     ---------------------------
                                                     Name:   Jesse Wong
                                                             -------------------
                                                     Title:  Vice President
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                               WELLS FARGO BANK, NATIONAL
                                               ASSOCIATION, as a Lender

                                               By:   /s/ Caroline Gates
                                                     ---------------------------
                                                     Name:   Caroline Gates
                                                             -------------------
                                                     Title:  Vice President
                                                             -------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT
<PAGE>

                                                                    ATTACHMENT A

                                  REAFFIRMATION

                  Each of the undersigned hereby acknowledges receipt of a copy
of the foregoing Amendment No. 4 to the 364-Day Revolving Credit Agreement dated
as of March 26, 2002 by and among The TJX Companies, Inc. (the "Borrower"), the
financial institutions from time to time party thereto (the "Lenders"), THE BANK
OF NEW YORK ("BNY"), in its individual capacity and as successor administration
agent ("Administrative Agent"), BANK OF AMERICA, N.A. and JPMORGAN CHASE BANK,
as successor syndication agents (the "Syndication Agents") and KEY BANK and
UNION BANK OF CALIFORNIA, as successor documentation agents (the "Documentation
Agents") (as amended by an Amendment No. 1 dated as of May 3, 2002, an Amendment
No. 2 dated as of July 19, 2002 and an Amendment No. 3 dated as of March 24,
2003, and as the same may be amended, restated, supplemented or otherwise
modified from time to time, the "Credit Agreement"), which Amendment No. 4 is
dated as of March 17, 2004 (the "Amendment"). Capitalized terms used in this
Reaffirmation and not defined herein shall have the meanings given to them in
the Credit Agreement. Without in any way establishing a course of dealing by the
Administrative Agent, the Syndication Agents, the Documentation Agents or any
Lender, each of the undersigned reaffirms the terms and conditions of the
Facility Guaranty and any other Loan Document executed by it and acknowledges
and agrees that such agreement and each and every such Loan Document executed by
the undersigned in connection with the Credit Agreement remains in full force
and effect and is hereby reaffirmed, ratified and confirmed. All references to
the Credit Agreement contained in the above-referenced documents shall be a
reference to the Credit Agreement as so modified by the Amendment and as the
same may from time to time hereafter be amended, modified or restated.

Dated: March 17, 2004

T.J. MAXX OF CA, LLC
T.J. MAXX OF IL, LLC
MARMAXX OPERATING CORP.
MARSHALLS OF MA, INC.
NBC OPERATING, LLC
MARSHALLS OF RICHFIELD, MN, INC.
NEWTON BUYING COMPANY OF CA, INC.
HOMEGOODS, INC.

By: /s/ Mary B. Reynolds
    -------------------------------------------
     Name: Mary B. Reynolds
           ------------------------------------
     Title: Vice President - Finance, Treasurer
            -----------------------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENT

<PAGE>

MARSHALLS OF CA, LLC
MARSHALLS OF IL, LLC
NBC TRUST

By: /s/ Mary B. Reynolds
    ---------------------------
     Name: Mary B. Reynolds
           --------------------
     Title: Treasurer
           --------------------

NBC, FOURTH REALTY CORP.
MARSHALL'S OF NEVADA, INC.

By: /s/ Mary B. Reynolds
    ----------------------------------
     Name: Mary B. Reynolds
           ---------------------------
     Title: Vice President - Treasurer
            --------------------------

CONCORD BUYING GROUP, INC.

By: /s/ Mary B. Reynolds
    ----------------------------------
     Name: Mary B. Reynolds
           ---------------------------
     Title: Vice President - Treasurer
            --------------------------

     SIGNATURE PAGE TO AMENDMENT NO. 4 TO 364-DAY REVOLVING CREDIT AGREEMENTFINAL

                          ----------------------------

                         TOYOTA MOTOR CREDIT CORPORATION

                                       AND

                              JPMORGAN CHASE BANK,
              as Trustee with respect to such series of Securities
                    as shall be designated from time to time
                          pursuant to the terms hereof

                                       AND

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
              as Trustee with respect to such series of Securities
                    as shall be designated from time to time
                          pursuant to the terms hereof

                          ----------------------------

                          SECOND SUPPLEMENTAL INDENTURE

                           Dated as of March 31, 2004

                          ----------------------------

                                 Debt Securities

             Supplemental to Indenture Dated as of August 1, 1991,
          and First Supplemental Indenture Dated as of October 1, 1991

     SECOND SUPPLEMENTAL INDENTURE, dated as of March 31, 2004, among TOYOTA
MOTOR CREDIT CORPORATION, a corporation duly organized and existing under the
laws of the State of California (hereinafter called the "Company"), having its
principal executive office located at 19001 South Western Avenue, Torrance,
California 90509, and JPMORGAN CHASE BANK, a banking corporation duly organized
and existing under the laws of the State of New York (hereinafter called a
"Trustee"), having its Corporate Trust Office located at 4 New York Plaza, 15th
Floor, New York, NY 10004, and DEUTSCHE BANK TRUST COMPANY AMERICAS, a banking
corporation duly organized and existing under the laws of the State of New York
(hereinafter called a "Trustee"), having its Corporate Trust Office located at
Trust and Securities Services, 60 Wall Street, 27th Floor, New York, NY 10005.

                                    RECITALS

     The Company and JPMorgan Chase Bank (as successor to The Chase Manhattan
Bank, N.A.) ("JPMorgan Chase"), as Trustee, have heretofore entered into an
Indenture dated as of August 1, 1991 (the "Original Indenture" and, as amended
by the First Supplemental Indenture, as hereinafter defined, and this Second
Supplemental Indenture, the "Indenture") to provide for, among other things, the
issuance from time to time of Securities, unlimited as to principal amount, all
as provided in the Original Indenture.

     The Company, Deutsche Bank Trust Company Americas (formerly known as
Bankers Trust Company) ("Deutsche Bank"), as Trustee, and JPMorgan Chase, as
Trustee, have heretofore entered into a First Supplemental Indenture dated as of
October 1, 1991 (the "First Supplemental Indenture" and, together with the
Original Indenture, the "Amended Indenture") to provide for, among other things,
the appointment of Deutsche Bank as a Trustee pursuant to the terms of the
Amended Indenture and to add to or change certain provisions of the Original
Indenture to provide for or facilitate the administration of the trusts
thereunder by more than one Trustee.

     Section 901 of the Amended Indenture provides, in part, that without the
consent of any Holder, the Company, when authorized by a Board Resolution, and
the Trustee may enter into one or more indentures supplemental to the Amended
Indenture to amend or supplement any provision contained therein or in any other
supplemental indenture, provided that no such amendment or supplement shall
materially adversely affect the interests of the Holders of any Securities then
Outstanding.

     The Company desires to enter into this Second Supplemental Indenture in
order to amend and supplement certain covenants set forth in the Amended
Indenture as hereinafter provided, but only with respect to Securities that are
not Outstanding on the date hereof.

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

     NOW, THEREFORE, the Company and each Trustee hereby agrees as follows:

                                   ARTICLE I

                                   DEFINITIONS

     SECTION 1.01. Definitions. (a) For all purposes of this Second Supplemental
Indenture, except as otherwise herein expressly provided or unless the context
otherwise requires:

          (1) terms used herein in capitalized form and defined in the Amended
     Indenture shall have the meanings specified in the Amended Indenture;

          (2) the words "herein," "hereof" and "hereto" and other words of
     similar import used in this Supplemental Indenture refer to this
     Supplemental Indenture as a whole and not to any particular Article,
     Section or other subdivision of this Supplemental Indenture; and

          (3) the terms defined in the Recitals herein shall have the meanings
     specified therein.

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

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

          (2) "Second Supplemental Indenture" or "this Supplemental Indenture"
     means this instrument as originally executed.

                                   ARTICLE II

                                  MODIFICATIONS

     SECTION 2.01. Amendment to Section 101 of the Amended Indenture. (a)
Section 101 of the Amended Indenture is hereby amended by deleting the words of
"CEDEL SA" and the accompanying definition contained therein and inserting a new
definition as follows:

           "`Clearstream' means Clearstream Banking, societe anonyme."

     (b) Section 101 of the Amended Indenture is hereby further amended by
replacing the definition of "Consolidated Net Tangible Assets" contained therein
with the following:

               "`Consolidated Net Tangible Assets' means the aggregate amount of
          assets (less applicable reserves and other properly deductible items)
          after deducting therefrom all goodwill, trade names, trademarks,
          patents, unamortized debt discount and expense and other like
          intangibles of the Company and its consolidated subsidiaries, all as
          set forth on the most recent balance sheet of the Company and its
          consolidated subsidiaries prepared in accordance with generally
          accepted accounting principles."

                                       2

     SECTION 2.02. Amendment to Section 1005 of the Amended Indenture. Section
1005 of the Amended Indenture is hereby amended by replacing it in its entirety
with the following:

               "The Company will not pledge or otherwise subject to any lien any
          of its property or assets to secure any indebtedness for borrowed
          money incurred, issued, assumed or guaranteed by the Company unless
          the Securities are secured by such pledge or lien equally and ratably
          with all other indebtedness secured thereby so long as such other
          indebtedness shall be so secured; provided that such covenant will not
          apply to:

                    (a) liens (excluding liens permitted under any of the
               exceptions listed in clauses (b) through (j) below) securing
               indebtedness which does not in the aggregate at any one time
               outstanding exceed 20% of Consolidated Net Tangible Assets of the
               Company;

                    (b) the pledge of any assets to secure any financing by the
               Company of the exporting of goods to or between, or the marketing
               thereof in, countries other than the United States of America in
               connection with which the Company reserves the right, in
               accordance with customary and established banking practice, to
               deposit, or otherwise subject to a lien, cash, securities or
               receivables, for the purpose of securing banking accommodations
               or as the basis for the issuance of bankers' acceptances or in
               aid of other similar borrowing arrangements;

                    (c) the pledge of receivables payable in currencies other
               than Dollars to secure borrowings in countries other than the
               United States;

                    (d) any deposit of assets of the Company in favor of any
               governmental bodies to secure progress, advance or other payments
               under a contract or a statute;

                    (e) any lien or charge on any property, tangible or
               intangible, real or personal, existing at the time of acquisition
               or construction of such property (including acquisition through
               merger or consolidation) or given to secure the payment of all or
               any part of the purchase or construction price thereof or to
               secure any indebtedness incurred prior to, at the time of, or
               within one year after, the acquisition or contemplation of
               construction thereof for the purpose of financing all or any part
               of the purchase or construction price thereof;

                    (f) bankers' liens or rights of offset;

                                       3

                    (g) any lien securing the performance of any contract or
               undertaking of the Company not directly or indirectly in
               connection with the borrowing of money, obtaining of advances or
               credit or the securing of debts, if made and continuing in the
               ordinary course of business;

                    (h) any lien to secure non-recourse obligations in
               connection with the Company's engaging in leveraged or
               single-investor lease transactions;

                    (i) any lien to secure payment obligations with respect to
               (1) rate swap transactions, swap options, basis swaps, forward
               rate transactions, commodity swaps, commodity options, equity or
               equity index swaps, equity or equity index options, bond options,
               interest rate options, foreign exchange transactions, cap
               transactions, floor transactions, collar transactions, currency
               swap transactions, cross-currency rate swap transactions,
               currency options, credit protection transactions, credit swaps,
               credit default swaps, credit default options, total return swaps,
               credit spread transactions, repurchase transactions, reverse
               repurchase transactions, buy/sell-back transactions, securities
               lending transactions, weather index transactions, or forward
               purchases or sales of a security, commodity or other financial
               instrument or interest (including any option with respect to any
               of these transactions), or (2) transactions that are similar
               those described above; and

                    (j) any extension, renewal or replacement (or successive
               extensions, renewals, or replacements), in whole or in part, of
               any lien, charge or pledge, referred to in the foregoing clauses
               (a) to (i), inclusive, of this Section 1005, provided, however,
               that the amount of any and all obligations and indebtedness
               secured thereby shall not exceed the amount thereof so secured
               immediately prior to the time of such extension, renewal or
               replacement, and that such extension, renewal or replacement
               shall be limited to all or a part of the property which secured
               the charge or lien so extended, renewed or replaced (plus
               improvements on such property)."

     SECTION 2.03. Amendment to Section 1102 of the Amended Indenture. Section
1102 of the Amended Indenture is hereby amended by deleting the number "60"
therein and replacing it with the number "40."

     SECTION 2.04. Amendment to Section 1104 of the Amended Indenture. Section
1104 of the Amended Indenture is hereby amended by deleting the word "CEDEL" in
clause (10) thereof and replacing it with the word "Clearstream."

                                       4

                                  ARTICLE III

                            MISCELLANEOUS PROVISIONS

     SECTION 3.01. Representations, Warranties and Covenants of the Company. The
Company makes and reaffirms as of the date of execution of this Supplemental
Indenture all of its representations, warranties, covenants and agreements set
forth in the Original Indenture.

     SECTION 3.02. Representations, Warranties and Covenants of the Trustees.
Each of the Trustees reaffirms as of the date of execution of this Supplemental
Indenture all of its respective representations, warranties, covenants and
agreements set forth in the Original Indenture and the Amended Indenture, as
applicable.

     SECTION 3.03. Effectiveness of Amendments. Notwithstanding any other
provisions hereof, all amendments to the Amended Indenture made hereby shall
have effect only with respect to Securities that are not Outstanding on the date
hereof, and not with respect to Securities that are Outstanding on the date
hereof.

     SECTION 3.04. Trustees Not Responsible for Recitals. The recitals contained
herein shall be taken as statements of the Company, and neither Trustee assumes
any responsibility for their correctness. The Trustees make no representations
as to the validity or sufficiency of this Supplemental Indenture, except each
Trustee respectively represents that it is duly authorized to execute and
deliver this Supplemental Indenture and perform its obligations hereunder and
the statements made by it in a Statement of Eligibility and Qualification on
Form T-1 supplied to the Company by it are true and accurate, subject to the
qualifications set forth therein.

     SECTION 3.05. Effect of Headings. The Article and Section headings herein
are for convenience only and shall not affect the construction hereof.

     SECTION 3.06. Successors and Assigns. All covenants and agreements in this
Supplemental Indenture by the Company shall bind its successors and assigns,
whether so expressed or not.

     SECTION 3.07. Separability Clause. In case any provision in this
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

     SECTION 3.08. Benefits of Indenture. Nothing in this Supplemental
Indenture, express or implied, shall give to any Person, other than the parties
hereto, any Paying Agent, any Security Registrar and their respective successors
under the Indenture and the Holders of Securities or Coupons, any benefit or any
legal or equitable right, remedy or claim under the Indenture.

     SECTION 3.09. Governing Law. This Supplemental Indenture shall be governed
by and construed in accordance with the laws of the State of New York applicable
to agreements made and instruments entered into and, in each case, performed in
such state.

                                       5

     SECTION 3.10. Continued Effect of Amended Indenture. Except as amended or
supplemented by this Supplemental Indenture, the terms, conditions, covenants
and agreements set forth in the Amended Indenture shall continue in full force
and effect.

                                      * * *

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

                                       6

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed and attested, all as of the day and year first
above written.

                                       TOYOTA MOTOR CREDIT CORPORATION

                                       By: /s/ George E. Borst
                                           -------------------------------------

Attest:

    /s/ David Pelliccioni
---------------------------------------
             Secretary

                                       JPMORGAN CHASE BANK,
                                         as Trustee

                                       By:       /s/ James Nagy
                                           -------------------------------------

Attest:

    /s/ James Myers
---------------------------------------
        Assistant Secretary

                                       DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                         as Trustee

                                       By:      /s/ Annie Jaghatspanyan
                                           -------------------------------------

Attest:

      /s/ Jennifer Davis
---------------------------------------
            Associate

                                      S-1

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