SERIES 1995-1 SUPPLEMENT, dated as of November 21, 1995 (this "Series Supplement"), among DELL RECEIVABLES L. P., a Texas limited partnership, as Transferor (the "Transferor"), DELL USA L. P., a Texas limited partnership, as Servicer (the "Servicer"), and Norwest Bank Minnesota, National Association, as Trustee (the "Trustee").

PRELIMINARY STATEMENT

Pursuant to Section 6.08 of the Pooling and Servicing Agreement, dated as of November 21, 1995 (as amended and supplemented from time to time, the "Agreement"), among the Transferor, the Servicer and the Trustee, the Transferor may from time to time direct the Trustee to issue, on behalf of the Trust, one or more Series of Investor Certificates representing fractional undivided interests in the Trust. The Principal Terms of any new Series are to be set forth in a Supplement to the Agreement. Accordingly, the Transferor hereby enters into this Series Supplement with the Servicer and the Trustee as required by Section 6.08 of the Agreement to provide for the issuance, authentication and delivery of the Floating Rate Receivables Backed Certificates, Series 1995-1, Class A (the "Class A Certificates") and the Floating Rate Receivables Backed Certificates, Series 1995-1, Class B (the "Class B Certificates") (the Class A Certificates and the Class B Certificates are referred to collectively as the "Series 1995-1 Certificates").

Pursuant to this Series Supplement, the Transferor and the Trustee shall create a Series of Investor Certificates and specify the Principal Terms thereof.