EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
July 19, 2001

ITEM NO 1 Ex-Im Bank Advisory Committee Members for 2001 (15th Member)
Board Decision: Appointed final member to the Ex-Im Bank
2001 Advisory Committee.

Item No. 2 Minutes of June 21, 2001 Board Meeting to be approved.
Board Decision: APPROVED

Item No. 3 Minutes of June 28, 2001 Board Meeting to be approved.
Board Decision: APPROVED

Item No. 4 Minutes of July 6, 2001 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 5
Country CHILE AP077173XX
Request for FINAL COMMITMENT
Applicant ING (U.S.) CAPITAL LLC, NEW YORK NY
Borrower SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Guarantor LAN CHILE S.A., COMUNA DE RENCA, SANTIAGO CHILE
Buyer SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
End-user LADECO S.A., RENCA, SANTIAGO CHILE
End-user AEROTRANSPSORTES MAS DE CARGA, SA DE CV, MEXICO D.F. 15520 MEXICO
End-user ADDITIONAL END-USERS
Exporter BOEING COMPANY, THE, SEATTLE WA
Supplier BOEING COMPANY, THE, SEATTLE WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lender ING (U.S.) CAPITAL LLC, NEW YORK NY
Lessor SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Lessee LADECO S.A., RENCA, SANTIAGO CHILE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD 149,010,100
Repayment Term 12 YEARS
Board Decision APPROVED

Item No. 6 Resolution in honor of Jackie M. Clegg, Vice Chair and
1st Vice President, upon her resignation
Board Decision: Adopted

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MEETING OF BOARD OF DIRECTORS