Credit Agreement – Solectron Corp., Bank of America NT&SA, BancAmerica Securities Inc., ABN AMRO Bank NV, Union Bank of California NA, Banque Nationale de Paris, The Industrial Bank of Japan Ltd., The Sanwa Bank Ltd., Standard Chartered Bank, The Fuji Bank Ltd.

                           CREDIT AGREEMENT

                              dated as of


                             April 30, 1997


                                 among


                         SOLECTRON CORPORATION,


                         The Banks Party Hereto


                                   and


         BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION,
                         Agent and Issuing Bank






                      BANCAMERICA SECURITIES, INC.
                              as Arranger