EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
MAY 25, 1999

ITEM NO: 5. Policy No.: MSM-197848
Country: Mexico
Request For: Insurance Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: Rabobank Nederland, New York, NY
Buyer: Sigma Alimentos, S.A. de C.V., Monterrey, Mexico
Guarantors: Sigma Alimentos Centro, S.A. de C.V., Ecatepec de Morelos, Mexico
Sigma Alimentos Noreste, S.A. de C.V., Monterrey, Mexico
Additional Guarantors
End-User: Sigma Alimentos Lacteos, S.A. de C.V., Lagos de Moreno, Mexico
Exporters: Krones Inc., Franklin, WI
Serac Inc., Carol Stream, IL
Additional Exporters
Suppliers: Same as exporter
Products: Cheese and yogurt processing equipment
Broker: Export Insurance Agency, Walpole, MA
Eximbank Liability (MILLIONS): USD1 - USD5
Credit Committee Decision: APPROVED

MEETING OF CREDIT COMMITTEE