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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
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U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
91-7587893
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(I.R.S. Employer Identification No.)
1420 Fifth Avenue, 7th Floor
Seattle, WA 98101
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(Address of principal executive offices) (Zip code)
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Summit Securities, Inc.
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(Exact name of obligor as specified in its charter)
Idaho 82-0438135
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
601 West 1st Avenue
Spokane, Washington 99201
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(Address of principal executive offices) (Zip code)
% Notes due 2005
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(Title of the indenture securities)
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1. GENERAL INFORMATION. Furnish the following information as to the
trustee--
(a) Name and address of each examining or supervising authority
to which it is subject.
COMPTROLLER OF THE CURRENCY, WASHINGTON D.C. 20521
(b) Whether it is authorized to exercise corporate trust powers.
YES.
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS. If the obligor or any
underwriter for the obligor is an affiliate of the trustee, describe each such
affiliation.
NO SUCH AFFILIATION EXISTS WITH THE TRUSTEE, U.S. BANK TRUST NATIONAL
ASSOCIATION.
ITEMS 3-15 ARE NOT APPLICABLE BECAUSE TO THE BEST OF THE TRUSTEE'S
KNOWLEDGE THE OBLIGOR IS NOT IN DEFAULT UNDER ANY INDENTURE FOR WHICH
THE TRUSTEE ACTS AS TRUSTEE.
16. LIST OF EXHIBITS. List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. Articles of Association of U.S. Bank Trust National
Association.(1)
2. Certificate of Authority of U.S. Bank Trust National
Association to Commence Business.(1)
3. Authorization of the trustee to exercise corporate trust
powers.(1)
4. Bylaws of U.S. Bank Trust National Association.(1)
5. Not Applicable.
6. Consents of U.S. Bank Trust National Association required by
Section 321(b) of the Act.(2)
7. Latest Report of Condition of U.S. Bank Trust National
Association.(3)
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(1) Incorporated by reference to the exhibit of the same number
to the Form T-1 filed with registration statement number
333-71087.
(2) Attached.
(3) Incorporated by reference to registration statement number
22-22451.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee,
U.S. Bank Trust National Association, a national banking association organized
under the laws of the United States, has duly caused this statement of
eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in the City of Seattle, and State of Washington, on the 25th
day of May, 2000.
U.S. BANK TRUST NATIONAL ASSOCIATION
By /s/ Sherrie L. Pantle
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Sherrie L. Pantle
Vice President
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Exhibit 6
CONSENT OF THE TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of
1939 in connection with the proposed issuance by Summit Securities, Inc. of
__% Notes due 2005, we hereby consent that reports of examinations by federal,
state, territorial and district authorities may be furnished by such
authorities to the Securities and Exchange Commission upon its request
therefor.
U.S. BANK TRUST NATIONAL ASSOCIATION
By /s/ Sherrie L. Pantle
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Sherrie L. Pantle
Vice President
Dated: May 25, 2000
