EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MARCH 10, 1999

ITEM NO 1
BANK COMMITTEES
A) POLICY COMMITTEE
B) EXPOSURE MANAGEMENT COMMITTEE
C) HISTORY COMMITTEE / AMENDMENT TO BYLAWS
D) ASSET MANAGEMENT CONSULTATIVE COMMITTEE
Board Decision:  APPROVED

ITEM NO 2
ADVISORY COMMITTEE        
Board Decision:  ELECTED EMBERS OF THE ADVISORY COMMITTEE FOR 1999      

ITEM NO 3
MINUTES OF MEETING OF FEBRUARY 18, 1999, TO BE APPROVED
Board Decision:  APPROVED

ITEM NO 4
Country IRELAND                                AP072813XX
Request for FINAL COMMITMENT
Applicant      RYANAIR LTD., CLOGHRAN IRELAND
Borrower       SPV/RYANAIR LTD., CLOGHRAN IRELAND
Guarantor      NONE
Buyer          SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user       RYANAIR LTD., CLOGHRAN IRELAND
Exporter       BOEING COMPANY, THE, SEATTLE WA
Supplier       BOEING COMPANY, THE, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   ABN AMRO BANK N.V., CHICAGO IL
Lessor         SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee         RYANAIR LTD., CLOGHRAN IRELAND
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD133,922,146
Repayment Term  12 YEARS
Board Decision APPROVED