1. TRUST INDENTURE

   Exhibit B

2. FORM OF PROPOSAL TO SELL
3. AGRICULTURAL LOANS
4. LOUISIANA AGRICULTURAL
5. FINANCE AUTHORITY
6. SECURITIZED AGRICULTURAL
7. REVENUEBOND PROGRAM
8. Louisiana Agricultural Finance Authority
9. 12055 Airline Highway
10. Baton Rouge, Louisiana 70816
11. Sir:
12. The (Name of Lender) (the "Lender") hereby requests to participate in the Securitized Agricultural Revenue Bond Program of the Louisiana Agricultural Finance Authority (the "Authority").
13. 1. Name of Lender
14. 2. Jurisdiction of Organization and Date of Incorporation
15. 3. Address and Telephone Number of Principal Officer
16. 4. Name and Title of Person to whom correspondence with regard to this Program should be addressed.

17. 5. Description of Loans. Please provide the following information with respect to each existing or proposed loan which the lender desires to sell.

    1. a. Total amount of loan
    2. b. Date of loan
    3. c. Eligible loan
18. i. When does the loan mature?
19. ii. How is principal payable (e.g., monthly, quarterly, semiannually, annually, at maturity)?
20. iii. How is interest payable (e.g., monthly, quarterly, semiannually, annually, at maturity)?

21. iv. What is the interest rate on the loan?

    1. d. Please attach the amortization schedule of the loan, showing when principal is payable (e.g., monthly, quarterly, semiannually, annually, at maturity), when the principal comes due and on what dates.
    2. e. Project financed
22. i. location
23. ii. description of project
24. 6. Dollar amount of loan to be financed by the Authority.
25. 7. If existing, does lender which to refinance loans to be sold?

26. 8. If yes, please give desired length and terms of refinanced loans.

    Exhibit C

27. CONDITIONAL APPROVAL
28. (Lender)
29. Sir:
30. You are hereby notified that your proposal to sell agricultural loans to the Louisiana Agricultural Finance Authority ("Authority") has been tentatively approved pending completion of and signing an agricultural loan purchase agreement, a form of which is enclosed. This approval is based upon the information and representations provided by you in your proposal to sell agricultural loans application and is expressly conditional upon the accuracy of such information and timely completion of the agricultural loan purchase agreement.
31. Pursuant to our earlier correspondence, the terms of the loan following the purchase by the authority shall be as follows:
32. (Terms of Refinanced Loan)
33. Please execute and return the enclosed agricultural loan purchase agreement within fourteen days of the postmark of this conditional approval to the offices of the Louisiana Agricultural Finance Authority, Department of Agriculture, 12055 Airline Highway, Baton Rouge, LA 70816, Attention: Director. If the agricultural loan purchase agreement is not received by the authority within fourteen days of the postmark on the letter delivering the conditional approval, the authority may discontinue consideration of the applicant's loan purchase.
34. Sincerely,
35. LOUISIANA AGRICULTURAL

36. FINANCE AUTHORITY

    Exhibit D

37. FORM OF PROPOSAL TO ENTER INTO REPURCHASE OBLIGATION
38. LOUISIANA AGRICULTURAL
39. FINANCE AUTHORITY
40. SECURITIZED AGRICULTURAL
41. REVENUE BOND PROGRAM
42. Louisiana Agricultural Finance Authority
43. 12055 Airline Highway
44. Baton Rouge, LA 70816
45. Sir:
46. The (Name of National Bank), a national banking association organized and existing under the laws of the United States, (the "Bank") hereby requests to participate in the securitized agricultural revenue bond program of the Louisiana Agricultural Finance Authority (the "Authority").
47. 1. Name of bank.
48. 2. Date of incorporation.
49. 3. Address and telephone number of principal office.
50. 4. Name and title of person to whom correspondence with regard to this program should be addressed.

51. 5. Description of loans. Please provide the following information with respect to each proposed loan which the bank desires to make.

    1. a. Total amount of loan
    2. b. Date of loan
    3. c. Eligible loan
52. i. When will the loan mature?
53. ii. How is principal payable (e.g. monthly, quarterly, semiannually, annually, at maturity)?

54. iii. How is interest payable (e.g. monthly, quarterly, semiannually, annually, at maturity)?

    1. d. Please attach the amortization schedule of the loan, showing when principal is payable (e.g. monthly, quarterly, semiannually, annually, at maturity), when the principal comes due and on what dates.
    2. e. Project financed
55. i. Location
56. ii. Description of project

57. 6. Dollar amount of loan to be financed by the authority

    Exhibit E

58. CONDITIONAL APPROVAL
59. (National Bank)
60. Sir:
61. You are hereby notified that your proposal to enter into repurchase obligation to the Louisiana Agricultural Finance Authority ("Authority") has been tentatively approved pending completion of and signing a repurchase obligation, a form of which is enclosed. This approval is based upon the information and representations provided by you in your proposal to enter into repurchase obligation application and is expressly conditioned upon the accuracy of such information and timely completion of the repurchase obligation.
62. Pursuant to our earlier correspondence, the terms of the loan shall be as follows:
63. (Terms of Refinanced Loan)
64. Please execute and return the enclosed repurchase obligation within fourteen days of the postmark of this conditional approval to the offices of the Louisiana Agricultural Finance Authority, Department of Agriculture, 12055 Airline Highway, Baton Rouge, LA 70816, Attention: Director. If the Repurchase Obligation is not received by the Authority within fourteen days of the postmark on the letter delivering this Conditional Approval, the Authority may discontinue consideration of the applicant's loan.
65. Sincerely,

66. LOUISIANA AGRICULTURAL FINANCE AUTHORITY

    Exhibit F

67. ELIGIBLE COLLATERAL AND
68. COLLATERAL LEVELS

69. REPURCHASE OBLIGATIONS

    Type of Collateral Security	Percentage of Market Value to be Sold
    FHLMC Participation Certificates1	158.0%
    GNMA Pass-Through Certificates1	147.0%
    FNMA Pass-Through Certificates1	158.0%
    Cash and Federal Funds	100.0%
    Government Securities2 with a remaining term to Maturity of up to and including:
    one year	108.0%
    five years	128.0%
    ten years	135.0%
    fifteen years	140.0%
    thirty years	150.0%

70. LETTERS OF CREDIT/GUARANTIES

    Type of Collateral Security	Percentage of Market Value to be Pledged
    FHLMC Participation Certificates1	158.0%
    GNMA Pass-Through Certificates1	147.0%
    FNMA Pass-Through Certificates1	158.0%
    Cash and Federal Funds	100.0%
    Government Securities2 with a remaining term to Maturity of up to and including:
    one year	108.0%
    five years	128.0%
    ten years	135.0%
    fifteen years	140.0%
    thirty years	150.0%
    FHA/VA Mortgage Notes3	150.0%
    Conventional Mortgage Notes3	150.0%
    Conventional Mortgage Notes―ARMS3	170.0%
    FHA/VA Mortgage Notes―ARMS3	170.0%

71. ¹Assumptions:

    1. 1. Certificates represent undivided interest in pool of fixed-rate single family mortgage loans with no further negative amortization.
    2. 2. Registered in name of, and held by, bond trustee.
    3. 3. Collateral cash flow released to collateral provider so long as requisite collateral level maintained.
    4. 4. Collateral levels assume collateral proceeds will cover up to six months of accrued interest at maximum rate of 12 percent/annum.
    5. 5. Collateral securities marked to market on a monthly basis.
    6. 6. Collateral provider has two business days to cause any deficiency in collateral level requirement.

    7. 7. Collateral cannot be valued in an amount greater then the lesser of

       1. a. 100 percent of its redemption value of
       2. b. 100 percent of its maturity value.

72. ²Assumptions:

    1. 1. "Government Securities" are obligations which are direct obligations or which are fully guaranteed by the full faith and credit, of the United States of America which pay periodic interest and pay principal at maturity or call.
    2. 2. The assumptions in 3, 4, 5, 6, and 7 in Footnote 1 above apply to Government Securities.

73. ³Assumptions:

    1. 1. Mortgage loans meet the requirements of a prime collateral pool.
    2. 2. The assumptions in 3, 4, 5, 6, and 7 in Footnote 1 above apply to Conventional/FHA/VA Mortgages.

Exhibit A

Editor's Note: This exhibit may be obtained in its entirety from the Department of Agriculture and Forestry, Agricultural Finance Authority, 5825 Florida Boulevard, Baton Rouge, LA 70806.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:266(4).

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Agriculture and Forestry, Agricultural Finance Authority, LR 17:167 (February 1991).