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Registration Statement No. 333-103291

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
     

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) 

JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)

     
New York
(State of incorporation
if not a national bank)		   13-4994650
(I.R.S. employer
identification No.)
     
     
270 Park Avenue
New York, New York
(Address of principal executive offices)		    10017
(Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
     

ARCHER-DANIELS-MIDLAND COMPANY
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   41-0129150
(I.R.S. employer
identification No.)
     
     
4666 Faries Parkway
Decatur, Illinois
(Address of principal executive offices)		    62526
(Zip Code)

Debt Securities
(Title of the indenture securities)

 

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GENERAL
SIGNATURE
Exhibit 7 to Form T-1

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GENERAL

Item 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.

    New York State Banking Department, State House, Albany, New York 12110.
 
    Board of Governors of the Federal Reserve System, Washington, D.C., 20551
 
    Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.
 
    Federal Deposit Insurance Corporation, Washington, D.C., 20429.

     (b)  Whether it is authorized to exercise corporate trust powers.

    Yes.

Item 2. Affiliations with the Obligor and Guarantors.

     If the obligor or any Guarantor is an affiliate of the trustee, describe each such affiliation.

     None.

 

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Item 16. List of Exhibits

     List below all exhibits filed as a part of this Statement of Eligibility.

     1.     A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connections with Registration Statement No. 333-76894, which is incorporated by reference.)

     2.     A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

     3.     None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

     4.     A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement 333-76894, which is incorporated by reference.)

     5.     Not applicable.

     6.     The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

     7.     A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

     8.     Not applicable.

     9.     Not applicable.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 14th day of February, 2003.

     
 
 
 
 
 
 		   JPMORGAN CHASE BANK
 
By /s/ L. O’Brien
      /s/ L. O’Brien
      Vice President

 

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business September 30, 2002, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

           
      Dollar Amounts  
ASSETS   in Millions  
 
 
Cash and balances due from depository institutions:
        
 
Noninterest-bearing balances and currency and coin
   $ 17,141  
 
Interest-bearing balances
     13,564  
Securities:
        
Held to maturity securities
     408  
Available for sale securities
     74,344  
Federal funds sold and securities purchased under agreements to resell
        
 
Federal funds sold in domestic offices
     7,094  
 
Securities purchased under agreements to resell
     72,512  
Loans and lease financing receivables:
        
 
Loans and leases held for sale
     17,153  
 
Loans and leases, net of unearned income
     161,915  
 
Less: Allowance for loan and lease losses
     3,458  
 
Loans and leases, net of unearned income and allowance
     158,457  
Trading Assets
     186,290  
Premises and fixed assets (including capitalized leases)
     6,177  
Other real estate owned
     57  
Investments in unconsolidated subsidiaries and associated companies
     326  
Customers’ liability to this bank on acceptances outstanding
     281  
Intangible assets
        
 
Goodwill
     2,168  
 
Other Intangible assets
     3,696  
Other assets
     45,403  
TOTAL ASSETS
   $ 605,071  
 
 

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LIABILITIES        
Deposits
        
   
In domestic offices
   $ 167,400  
   
Noninterest-bearing
   $ 66,691  
   
Interest-bearing
     100,709  
   
In foreign offices, Edge and Agreement subsidiaries and IBF’s
     118,273  
 
Noninterest-bearing
   $ 8,445  
   
Interest-bearing
     109,828  
Federal funds purchased and securities sold under agreements to repurchase:
        
   
Federal funds purchased in domestic offices
     6,317  
   
Securities sold under agreements to repurchase
     105,558  
Trading liabilities
     126,199  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     11,025  
Bank’s liability on acceptances executed and outstanding
     304  
Subordinated notes and debentures
     7,895  
Other liabilities
     25,977  
TOTAL LIABILITIES
     568,948  
Minority Interest in consolidated subsidiaries
     91  
EQUITY CAPITAL        
Perpetual preferred stock and related surplus
     0  
Common stock
     1,785  
Surplus (exclude all surplus related to preferred stock)
     16,304  
Retained earnings
     16,560  
Accumulated other comprehensive income
     1,383  
Other equity capital components
     0  
TOTAL EQUITY CAPITAL
     36,032  
 
  
 
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
   $ 605,071  
 
  
 
   
I, Joseph L. Sclafani, E.V.P. & Controller of the above-named
bank, do hereby declare that this Report of Condition has
been prepared in conformance with the instructions issued
by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.		  
       
  JOSEPH L. SCLAFANI    
   
We, the undersigned directors, attest to the correctness
of this Report of Condition and declare that it has been
examined by us, and to the best of our knowledge and
belief has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory
authority and is true and correct.		  
       
  WILLIAM B. HARRISON, JR.
HANS W. BECHERER
LAWRENCE A. BOSSIDY 		  )
) DIRECTORS
)

 

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