EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
NOVEMBER 28, 2000

Item No.1
Country: Argentina Policy No.: MTR-216408
Request for: Policy (New)
Policy Type: Multiple Sales/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: SunTrust Bank, Atlanta, Georgia 30303
Buyer/Obligor: Telefonia Publica y Privada, S.A. (TPP), Buenos Aires, Argentina
Guarantors: Dakota S.A, Buenos Aires, Argentina
Mr. Ing. Reinaldo Niella and Ms. Ana de Niella, Buenos Aires, Argentina
End-User: Telefonia Publica y Privada, S.A. (TPP), Buenos Aires, Argentina
Exporters: Elcotel Inc, Sarasota, FL 34243-4074
Protel Inc., Lakeland, FL 33811-1274
Broker: Acordia Southeast, Atlanta, Georgia
Product: Telephone equipment and spare parts
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

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MEETING OF CREDIT COMMITTEE