<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>2
<FILENAME>exhibit_4.txt
<DESCRIPTION>ALEXANDER & BALDWIN, EXHIBIT 4
<TEXT>
                                  EXHIBIT 4

                INSTRUMENTS DEFINING THE RIGHTS OF STOCKHOLDERS

REFERENCE IS MADE TO REGISTRANT'S REGISTRATION STATEMENT NO. 000-00565 ON
FORM 8-A, TOGETHER WITH ANY EXHIBITS THERETO, WHICH ARE INCORPORATED HEREIN BY
REFERENCE PURSUANT TO ITEM 3(d) TO THIS REGISTRATION STATEMENT.

</TEXT>
</DOCUMENT>
