Hsb Capital I Watch

from S-4 ~20 pages Exhibit 4.8 - Registration Rights Agreement

from S-4 ~20 pages Exhibit 4.7 - Form of Exchange Guarantee

from S-4 ~5 pages Exhibit 4.6 - Form of Exchange Capital Security Certificate

from S-4 1 page Certificate of Trust of Hsb Capital I This Certificate of Trust of Hsb Capital I (The "Trust"), Dated as of July 10, 1997, Is Being Duly Executed and Filed by the Undersigned, as Trustee, to Form a Business Trust Under the Delaware Business Trust Act (12 Del. C. (S) 3801 Et Seq.). 1. Name. the Name of the Business Trust Being Formed Hereby Is Hsb Capital I. 2. Delaware Trustee. the Name and Business Address of the Trustee of the Trust With a Principal Place of Business in the State of Delaware Is: First Chicago Delaware Inc., 300 King Street, Wilmington, Delaware 19801. 3. Administrative Trustees. the Names of the Administrative Trustees Are: Saul L. Basch, R. Kevin Price, Robert C. Walker. 4. Effective Date. This Certificate of Trust Shall Be Effective Upon the Filing of This Certificate of Trust. in Witness Whereof, the Undersigned Trustee of the Trust Has, Executed This Certificate of Trust as of the Date First Above Written. /S/ Saul L. Basch Name: Saul L. Basch Title: Administrative Trustee /S/ R. Kevin Price Name: R. Kevin Price Title: Administrative Trustee /S/ Robert C. Walker Name: Robert C. Walker Title: Administrative Trustee First Chicago Delaware Inc., as Delaware Trustee By: /S/ Richard D. Manella Name: Richard D. Manella Title: Vice President

from S-4 ~5 pages Indenture or similar