EX-25 2 exhibittwentyfive.htm

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)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

A National Banking Association	94-1347393
(Jurisdiction of incorporation or	(I.R.S. Employer
organization if not a U.S. national	Identification No.)

bank)

101 North Phillips Avenue

Sioux Falls, South Dakota	57104
(Address of principal executive offices)	(Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17^th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

_____________________________

JOY GLOBAL INC.

(Exact name of obligor as specified in its charter)

Delaware	39-1566457
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

100 East Wisconsin Avenue

Suite 2780

Milwaukee, Wisconsin		53202
(Address of principal executive offices)	(Zip code)

___________________

Senior Debt Securities

(Title of the indenture securities)

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.

Comptroller of the Currency

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 94120

(b)

Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

Item 2.

Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee.

Not applicable.

Item 16. List of Exhibits.

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

Exhibit 1.

A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2.

A copy of the Comptroller of the Currency Certificate of Corporate

Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated November 8, 2005.**

Exhibit 3.

See Exhibit 2

Exhibit 4.

Copy of By-laws of the trustee as now in effect.***

Exhibit 5.

Not applicable.

Exhibit 6.

The consent of the trustee required by Section 321(b) of the Act.

Exhibit 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.

Exhibit 8.

Not applicable.

Exhibit 9.

Not applicable.

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 31^st of October, 2006.

WELLS FARGO BANK, NATIONAL ASSOCIATION

	/s/ Corbin B. Connell
	Corbin B. Connell
	Assistant Vice President

EXHIBIT 6

October 31, 2006

Securities and Exchange Commission

Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION

	/s/ Corbin B. Connell
	Corbin B. Connell
	Assistant Vice President

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business June 30, 2006, filed in accordance with 12 U.S.C. §161 for National Banks.

	Dollar Amounts
		In Millions
______________

ASSETS

Cash and balances due from depository institutions:

Noninterest-bearing balances and currency and coin	$ 13,979
Interest-bearing balances		1,191

Securities:

Held-to-maturity securities		0
Available-for-sale securities	66,952

Federal funds sold and securities purchased under agreements to resell:

	Federal funds sold in domestic offices	3,086
	Securities purchased under agreements to resell	1,172

Loans and lease financing receivables:

	Loans and leases held for sale				37,950
	Loans and leases, net of unearned income	238,918
	LESS: Allowance for loan and lease losses		2,248
	Loans and leases, net of unearned income and allowance			236,670
Trading Assets						5,267
Premises and fixed assets (including capitalized leases)						3,910
Other real estate owned							443
Investments in unconsolidated subsidiaries and associated companies							346

Intangible assets

LIABILITIES

Deposits:

In domestic offices						$298,672
	Noninterest-bearing		80,549
	Interest-bearing	218,123
In foreign offices, Edge and Agreement subsidiaries, and IBFs							30,514
	Noninterest-bearing				4
	Interest-bearing			30,510

Federal funds purchased and securities sold under agreements to repurchase:

Federal funds purchased in domestic offices	3,648
Securities sold under agreements to repurchase		6,066

	Dollar Amounts
		In Millions
_______________

Trading liabilities

4,376

Other borrowed money

Minority interest in consolidated subsidiaries

EQUITY CAPITAL

Perpetual preferred stock and related surplus								0
Common stock						520
Surplus (exclude all surplus related to preferred stock)			24,711
Retained earnings			12,231
Accumulated other comprehensive income					-109
Other equity capital components							0
		________
Total equity capital				37,353
		________
Total liabilities, minority interest, and equity capital	$415,859

I, Karen B. Martin, Vice President 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.

	Karen B. Martin
		Vice President

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.

Dave Hoyt

John Stumpf

Directors

Avid Modjtabai

Other intangible assets

Other assets

___________

Total assets