EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
APRIL 9, 1998

ITEM NO 1
MINUTES OF MEETING OF MARCH 25, 1998, TO BE APPROVED
Board Decision: APPORVED

ITEM NO 2
REPORT OF THE BUDGET TASK FORCE
CAPITAL MARKETS RISK SHARING/RISK TRANSFER PROGRAM
Board Decision: APPROVED

ITEM NO 2A
REPORT OF THE BUDGET TASK FORCE
PROJECTION OF DEMAND AS OF MARCH 31, 1998
Board Decision: DISCUSSION

ITEM NO 3
Working Capital Guarantee No. AP073367XX
Request for FINAL COMMITMENT
Applicant NATIONSBANK NA, BALTIMORE MD
Gteed Lender NATIONSBANK NA, BALTIMORE MD
Obligor WORLDLINKS INC., BALTIMORE MD
Guarantor LIVINGSTON, RANDAL P. & MARSHA, PASADENA MD
Guarantor HUNSICKER, DWIGHT R. & CAROLYN, ELDERSBURG MD
Guarantor SEABORN, DONALD J. AND JACQUELIN, PHOENIX MD
(JOINTLY & SEVERALLY)
Product Description ENGINEERING SERVICES
Ex-Im Bank Liability (Millions) 0 - USD1
Board Decision APPROVED

ITEM NO 4
Country MOROCCO LI072618XX
Request for AMENDMENT OF LETTER OF INTEREST
Applicant ARAB AMERICAN BANK*, NEW YORK NY
Borrower REGIE AUTONOME DE DIST D'EAU ELEC, RABAT MOROCCO
Guarantor MINST OF FINANCE, RABAT MOROCCO
Buyer REGIE AUTONOME DE DIST D'EAU ELEC, RABAT MOROCCO
End-user REGIE AUTONOME DE DIST D'EAU ELEC, RABAT MOROCCO
Exporter SADAT ASSOCIATES INC, PRINCETON NJ
Supplier SADAT ASSOCIATES INC, PRINCETON NJ
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB
Project Name BENI-MELLAL
Project Description WASTE WATER TREATMENT PLANT
Product Description ENGINEERING SERVICES, & TECH. ASSIS.
Ex-Im Bank Liability (Millions) USD1 - USD5
LI Expiry Date 09/14/98
Board Decision APPROVED

MEETING OF BOARD OF DIRECTORS