EXPORT-IMPORT BANK OF THE UNITED STATES

     SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                        OCTOBER 24, 2006

ITEM NO 1

Country RUSSIA  - Policy No. ELC-121350

Request for:  Issuing Bank Credit Limit

Policy Type:  Letter of Credit

Coverage Type/Term:  Comprehensive/ST

Exporter:  CFSIT, Inc., Minnetonka, MN 55305-1949

Insurance Broker: EIA Global

Products: Poultry

Ex-Im Bank Liability (Millions):  $1 - $5

Credit Committee Decision  APPROVED

ITEM NO 2

Country PERU - Policy No. MSM-297820

Request for:  Policy (New)

Policy Type:  Single Sale/Multiple Shipment

Coverage Type/Term:  Comprehensive/MT

Exporter/Supplier:  Irridelco International Corp., Englewood Cliffs, NJ 07632-2727

                    Wade Rain Mfg Co., Tualatin, OR 97062-8545

                    Netafim Buying House Inc., Nogales, AZ 85621-4500

Insurance Broker:  Export Insurance Agency, Walpole, MA

Products:  Irrigation system

Ex-Im Bank Liability (Millions):  $1 - $5

Credit Committee Decision  APPROVED