SMG

CODE OF REGULATIONS

OF

THE SCOTTS COMPANY

(As amended through January 18, 2001)


ARTICLE ONE

MEETINGS OF SHAREHOLDERS


Section 1.01. Annual Meetings. The annual meeting of the shareholders
for the election of directors, for the consideration of reports to be laid
before such meeting and for the transaction of such other business as may
properly come before such meeting, shall be held on the second Tuesday of March
in each year or on such other date as may be fixed from time to time by the
directors.

Section 1.02. Calling of Meetings. Meetings of the shareholders may be
called only by the chairman of the board, the president, or, in case of the
president's absence, death, or disability, the vice president authorized to
exercise the authority of the president; the secretary; the directors by action
at a meeting, or a majority of the directors acting without a meeting; or the
holders of at least a majority of all shares outstanding and entitled to vote
thereat.

Section 1.03. Place of Meetings. Meetings of shareholders may be held
either within or outside the State of Ohio. Meetings of shareholders may be held
in any manner or place determined by the Board of Directors and permitted by
Ohio law.

Section 1.04. Notice of Meetings. (A) Written notice stating the time,
place, if any, and purposes of a meeting of the shareholders, and any other
matters related to the conduct of the meeting required by Ohio law to be
specified, shall be given by personal delivery, by mail or by any other means of
delivery or communication permitted by Ohio law. Any such notice shall be given
not less than seven nor more than sixty days before the date of the meeting, (1)
to every shareholder of record entitled to notice of the meeting, (2) by or at
the direction of the chairman of the board, the president or the secretary. If
mailed or sent by a delivery service permitted by Ohio law, the notice shall be
sent to the shareholder at the shareholder's address as it appears on the
records of the corporation. If transmitted by another means of communications in
the manner permitted by Ohio law, the notice shall be transmitted to the address
furnished by the shareholder for such transmissions. Notice of adjournment of a
meeting need not be given if the time and place, if any, to which it is
adjourned and any other matters related to the conduct of the adjourned meeting
required by Ohio law to be specified, shall be fixed and announced at such

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meeting. In the event of a transfer of shares after the record date for
determining the shareholders who are entitled to receive notice of a meeting of
shareholders, it shall not be necessary to give notice to the transferee.
Nothing herein contained shall prevent the setting of a record date in the
manner provided by law, the Articles or the Regulations for the determination of
shareholders who are entitled to receive notice of or to vote at any meeting of
shareholders or for any purpose required or permitted by law.

(B) Following receipt by the president or the secretary of a request in
writing, specifying the purpose or purposes for which the persons properly
making such request have called a meeting of shareholders, delivered either in
person or by registered mail to such officer by any persons entitled to call a
meeting of shareholders, such officer shall cause to be given to the
shareholders entitled to notice, notice of a meeting to be held on a date not
less than seven nor more than sixty days after the receipt of the request, as
the officer may fix. If the notice is not given within fifteen days after the
receipt of the request by the president or the secretary, then, and only then,
the persons properly calling the meeting may fix the time of meeting and give
notice on the time of meeting in accordance with the provisions of the
Regulations.

Section 1.05. Waiver of Notice. Notice of the time, place and purpose
or purposes of any meeting of shareholders may be waived in writing, either
before or after the holding of such meeting, by any shareholder, which writing
shall be filed with or entered upon the records of such meeting. The attendance
of any shareholder, in person or by proxy, at any such meeting without
protesting the lack of proper notice, prior to or at the commencement of the
meeting, shall be deemed to be a waiver by such shareholder of notice of such
meeting.

Section 1.06. Quorum. At any meeting of shareholders, the holders of a
majority of the voting shares of the corporation then outstanding and entitled
to vote thereat, present in person or by proxy, shall constitute a quorum for
such meeting. The holders of a majority of the voting shares represented at a
meeting, whether or not a quorum is present, or the chairman of the board, the
president, or the officer of the corporation acting as chairman of the meeting,
may adjourn such meeting from time to time, and if a quorum is present at such
adjourned meeting any business may be transacted as if the meeting had been held
as originally called.

Section 1.07. Votes Required. At all elections of directors, the
candidates receiving the greatest number of votes shall be elected. Any other
matter submitted to the shareholders for their vote shall be decided by the vote
of such proportion of the shares, or of any class of shares, or of each class,
as is required by law, the Articles or the Regulations.

Section 1.08. Order of Business. The order of business at any meeting
of shareholders shall be determined by the officer of the corporation acting as
chairman of such meeting unless otherwise determined by a vote of the holders of
a majority of the voting shares of the corporation then outstanding, present in
person or by proxy, and entitled to vote at such meeting.

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Section 1.09. Shareholders Entitled to Vote. Each shareholder of record
on the books of the corporation on the record date for determining the
shareholders who are entitled to vote at a meeting of shareholders shall be
entitled at such meeting to one vote for each share of the corporation standing
in his name on the books of the corporation on such record date. The directors
may fix a record date for the determination of the shareholders who are entitled
to receive notice of and to vote at a meeting of shareholders, which record date
shall not be a date earlier than the date on which the record date is fixed and
which record date may be a maximum of sixty days preceding the date of the
meeting of shareholders.

Section 1.10. Proxies. At meetings of the shareholders, any shareholder
of record entitled to vote thereat may be represented and may vote by proxy or
proxies appointed by an instrument in writing signed by such shareholder or
appointed in any other manner permitted by Ohio law. Any such instrument in
writing or record of any such appointment shall be filed with or received by the
secretary of the meeting before the person holding such proxy shall be allowed
to vote thereunder. No appointment of a proxy is valid after the expiration of
eleven months after it is made unless the writing or other communication which
appoints such proxy specifies the date on which it is to expire or the length of
time it is to continue in force.

Section 1.11. Inspectors of Election. In advance of any meeting of
shareholders, the directors may appoint inspectors of election to act at such
meeting or any adjournment thereof; if inspectors are not so appointed, the
officer of the corporation acting as chairman of any such meeting may make such
appointment. In case any person appointed as inspector fails to appear or act,
the vacancy may be filled only by appointment made by the directors in advance
of such meeting or, if not so filled, at the meeting by the officer of the
corporation acting as chairman of such meeting. No other person or persons may
appoint or require the appointment of inspectors of election.


ARTICLE TWO

DIRECTORS

Section 2.01. Authority and Qualifications. Except where the law, the
Articles or the Regulations otherwise provide, all authority of the corporation
shall be vested in and exercised by its directors. Directors need not be
shareholders of the corporation.

Section 2.02. Number and Classification of Directors and Term of
Office.

(A) Until changed pursuant to Article FOURTH of the Amended Articles of
Incorporation, by the amendment of the Regulations, by the adoption of new
regulations or by action of the directors pursuant to subsection (C) hereof, the
number of directors of the corporation shall be nine, divided into three
classes, each of which shall consist of not less than three directors nor more
than five directors as may be determined by the directors or as may be required
by the provisions of Section 2(c) of Article FOURTH of the Amended Articles of

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Incorporation. The number of directors in each class shall be, to the greatest
extent possible, uniform. The election of each class of directors shall be a
separate election. At the 1995 annual meeting of shareholders an election shall
be held to elect three persons to serve as directors for three years and until
their successors are elected, an election shall be held to elect three persons
to serve as directors for two years and until their successors are elected and
an election shall be held to elect three persons to serve as directors for one
year and until their successors are elected.

(B) At each annual meeting of shareholders after the 1995 annual
meeting, directors shall be elected to serve for terms of three years, so that
the term of office of one class of directors shall expire in each year.

(C) The directors may change the number of directors and may fill any
vacancy that is created by an increase in the number of directors; provided,
however, that the directors may not reduce the number of directors to less than
three or increase the number of directors to more than twelve.

Section 2.03. Election. At each annual meeting of shareholders for the
election of directors, the successors to the directors whose term shall expire
in that year shall be elected, but if the annual meeting is not held or if one
or more of such directors are not elected thereat, they may be elected at a
special meeting called for that purpose. The election of directors shall be by
ballot whenever requested by the presiding officer of the meeting or by the
holders of a majority of the voting shares outstanding, entitled to vote at such
meeting and present in person or by proxy, but unless such request is made, the
election shall be viva voce.

Section 2.04. Removal. A director or directors may be removed from
office, with or without assigning any cause, only by the vote of the holders of
shares entitling them to exercise not less than a majority of the voting power
of the corporation to elect directors in place of those to be removed. In case
of any such removal, a new director may be elected at the same meeting for the
unexpired term of each director removed. Failure to elect a director to fill the
unexpired term of any director removed shall be deemed to create a vacancy in
the board.

Section 2.05. Vacancies. The remaining directors, though less than a
majority of the whole authorized number of directors, may, by the vote of a
majority of their number, fill any vacancy in the board for the unexpired term.
A vacancy in the board exists within the meaning of this Section 2.05 in case
the shareholders increase the authorized number of directors but fail at the
meeting at which such increase is authorized, or an adjournment thereof, to
elect the additional directors provided for, or in case the shareholders fail at
any time to elect the whole authorized number of directors.

Section 2.06. Meetings. A meeting of the directors shall be held
immediately following the adjournment of each annual meeting of shareholders at
which directors are elected, and notice of such meeting need not be given. The
directors shall hold such other meetings as may from time to time be called, and
such other meetings of directors may be called only by the chairman of the
board, the president, or any two directors. All meetings of directors shall be
held at the principal office

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of the corporation in Marysville or at such other place within or without the
State of Ohio, as the directors may from time to time determine by a resolution.
Meetings of the directors may be held through any communications equipment if
all persons participating can hear each other and participation in a meeting
pursuant to this provision shall constitute presence at such meeting.

Section 2.07. Notice of Meetings. Notice of the time and place of each
meeting of directors for which such notice is required by law, the Articles, the
Regulations or the By-Laws shall be given to each of the directors by at least
one of the following methods:

(A) In a writing mailed not less than three days before such
meeting and addressed to the residence or usual place of business of a
director, as such address appears on the records of the corporation; or

(B) By telegraph, cable, radio, wireless, facsimile or a
similar writing sent or delivered to the residence or usual place of
business of a director as the same appears on the records of the
corporation, not later than the day before the date on which such
meeting is to be held; or

(C) Personally or by telephone not later than the day before
the date on which such meeting is to be held.

Notice given to a director by any one of the methods specified in the
Regulations shall be sufficient, and the method of giving notice to all
directors need not be uniform. Notice of any meeting of directors may be given
only by the chairman of the board, the president or the secretary of the
corporation. Any such notice need not specify the purpose or purposes of the
meeting. Notice of adjournment of a meeting of directors need not be given if
the time and place to which it is adjourned are fixed and announced at such
meeting.

Section 2.08. Waiver of Notice. Notice of any meeting of directors may
be waived in writing, either before or after the holding of such meeting, by any
director, which writing shall be filed with or entered upon the records of the
meeting. The attendance of any director at any meeting of directors without
protesting, prior to or at the commencement of the meeting, the lack of proper
notice, shall be deemed to be a waiver by him of notice of such meeting.

Section 2.09. Quorum. A majority of the whole authorized number of
directors shall be necessary to constitute a quorum for a meeting of directors,
except that a majority of the directors in office shall constitute a quorum for
filling a vacancy in the board. The act of a majority of the directors present
at a meeting at which a quorum is present is the act of the board, except as
otherwise provided by law, the Articles or the Regulations.

Section 2.10. Executive and Other Committees. The directors may create
an executive committee or any other committee of directors, to consist of one or
more directors (subject to any other requirements as to the number of directors
serving on a committee that may

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be imposed by law or the rules and regulations of the Securities and Exchange
Commission or any other regulatory authority), and may authorize the delegation
to such executive committee or other committees, of any of the authority of the
directors, however conferred, other than that of filling vacancies among the
directors or in the executive committee or in any other committee of the
directors.

Such executive committee or any other committee of directors shall
serve at the pleasure of the directors, shall act only in the intervals between
meetings of the directors, and shall be subject to the control and direction of
the directors. Such executive committee or other committee of directors may act
by a majority of its members at a meeting or by a writing or writings signed by
all of its members.

Any act or authorization of any act by the executive committee or any
other committee within the authority delegated to it shall be as effective for
all purposes as the act or authorization of the directors. No notice of a
meeting of the executive committee or of any other committee of directors shall
be required. A meeting of the executive committee or of any other committee of
directors may be called only by the chairman of the board, chief executive
officer or president or by a member of such executive or other committee of
directors. Meetings of the executive committee or of any other committee of
directors may be held through any communications equipment if all persons
participating can hear each other and participation in such a meeting shall
constitute presence thereat.

Section 2.11. Compensation. Directors shall be entitled to receive as
compensation for services rendered and expenses incurred as directors, such
amounts as the directors may determine.

Section 2.12. By-Laws. The directors may adopt, and amend from time to
time, By-Laws for their own government, which By-Laws shall not be inconsistent
with the law, the Articles or the Regulations.


ARTICLE THREE

OFFICERS

Section 3.01. Officers. The officers of the corporation to be elected
by the directors shall be a chairman of the board, chief executive officer, a
president, a secretary, a treasurer, and, if desired, one or more vice
presidents and such other officers and assistant officers as the directors may
from time to time elect. The chairman of the board must be a director. Officers
need not be shareholders of the corporation, and may be paid such compensation
as the board of directors may determine. Any two or more offices may be held by
the same person, but no officer shall execute, acknowledge, or verify any
instrument in more than one capacity if such instrument is required by law, the
Articles, the Regulations or the By-Laws to be executed, acknowledged, or
verified by two or more officers.

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Section 3.02. Tenure of Office. The officers of the corporation shall
hold office at the pleasure of the directors. Any officer of the corporation may
be removed, either with or without cause, at any time, by the affirmative vote
of a majority of all the directors then in office; such removal, however, shall
be without prejudice to the contract rights, if any, of the person so removed.

Section 3.03. Duties of the Chairman of the Board. The chairman of the
board, if there shall be such an officer, shall preside at all meetings of the
directors and of the shareholders. He shall perform such other duties and
exercise such other powers as the directors shall from time to time assign to
him.

Section 3.04. Duties of the Chief Executive Officer. The chief
executive officer of the corporation shall have, subject to the control of the
directors, general supervision and management over the business of the
corporation and over its officers and employees. The chief executive officer
shall perform such other duties and exercise such other powers as the directors
may from time to time assign to him.

Section 3.05. Duties of the President. The president of the corporation
shall have, subject to the control of the directors and, if there be one, the
chief executive officer, general and active supervision and management over the
business of the corporation and over its officers and employees. The president
shall perform such other duties and exercise such other powers as the directors
may from time to time assign to him.

Section 3.06. Duties of the Vice Presidents. Each vice president shall
perform such duties and exercise such powers as may be assigned to him from time
to time by the chairman of the board or the president. In the absence of the
chairman of the board or the president, the duties of the chairman of the board
or the president shall be performed and his powers may be exercised by such vice
president as shall be designated by the chairman of the board or the president,
or failing such designation, such duties shall be performed and such powers may
be exercised by each vice president in the order of their earliest election to
that office, subject in any case to review and superseding action by the
chairman of the board or the president.

Section 3.07. Duties of the Secretary. The secretary shall have the
following powers and duties:

(A) He shall keep or cause to be kept a record of all the
proceedings of the meetings of the shareholders and of the board of
directors in books provided for that purpose.

(B) He shall cause all notices to be duly given in accordance
with the provisions of these Regulations and as required by law.

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(C) Whenever any committee shall be appointed pursuant to a
resolution of the board of directors, he shall furnish a copy of such
resolution to the members of such committee.

(D) He shall be the custodian of the records of the
corporation.

(E) He shall properly maintain and file all books, reports,
statements, certificates and all other documents and records required
by law, the Articles or these Regulations.

(F) He shall have charge of the stock books and ledgers of the
corporation and shall cause the stock and transfer books to be kept in
such manner as to show at any time the number of shares of the
corporation of each class issued and outstanding, the names
(alphabetically arranged) and the addresses of the holders of record of
such shares, the number of shares held by each holder and the date as
of which each became such holder of record.

(G) He shall sign (unless the treasurer, an assistant
treasurer or assistant secretary shall have signed) certificates
representing shares of the corporation the issuance of which shall have
been authorized by the board of directors.

(H) He shall perform, in general, all duties incident to the
office of secretary and such other duties as may be specified in these
Regulations or as may be assigned to him from time to time by the board
of directors, the chairman of the board or the president.

Section 3.08. Duties of the Treasurer. The treasurer shall have the
following powers and duties:

(A) He shall have charge and supervision over and be
responsible for the moneys, securities, receipts and disbursements of
the corporation, and shall keep or cause to be kept full and accurate
records of all receipts of the corporation.

(B) He shall cause the moneys and other valuable effects of
the corporation to be deposited in the name and to the credit of the
corporation in such banks or trust companies or with such bankers or
other depositaries as shall be selected by the board of directors, the
chairman of the board or the president.

(C) He shall cause the moneys of the corporation to be
disbursed by checks or drafts upon the authorized depositaries of the
corporation and cause to be taken and preserved proper vouchers for all
moneys disbursed.

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(D) He shall render to the board of directors, the chairman of
the board or the president, whenever requested, a statement of the
financial condition of the corporation and of all his transactions as
treasurer, and render a full financial report at the annual meeting of
the shareholders, if called upon to do so.

(E) He shall be empowered from time to time to require from
all officers or agents of the corporation reports or statements giving
such information as he may desire with respect to any and all financial
transactions of the corporation.

(F) He may sign (unless an assistant treasurer or the
secretary or an assistant secretary shall have signed) certificates
representing shares of the corporation the issuance of which shall have
been authorized by the board of directors.

(G) He shall perform, in general, all duties incident to the
office of treasurer and such other duties as may be specified in these
Regulations or as may be assigned to him from time to time by the board
of directors, the chairman of the board or the president.


ARTICLE FOUR

SHARES

Section 4.01. Certificates. Certificates evidencing ownership of shares
of the corporation shall be issued to those entitled to them. Each certificate
evidencing shares of the corporation shall bear a distinguishing number; the
signatures of the chairman of the board, the president, or a vice president, and
of the secretary, an assistant secretary, the treasurer or an assistant
treasurer (except that when any such certificate is countersigned by an
incorporated transfer agent or registrar, such signatures may be facsimile,
engraved, stamped or printed); and such recitals as may be required by law.
Certificates evidencing shares of the corporation shall be of such tenor and
design as the directors may from time to time adopt and may bear such recitals
as are permitted by law.

Section 4.02. Transfers. Where a certificate evidencing a share or
shares of the corporation is presented to the corporation or its proper agents
with a request to register transfer, the transfer shall be registered as
requested if:

(1) An appropriate person signs on each certificate so presented or
signs on a separate document an assignment or transfer of shares evidenced by
each such certificate, or signs a power to assign or transfer such shares, or
when the signature of an appropriate person is written without more on the back
of each such certificate; and

(2) Reasonable assurance is given that the indorsement of each
appropriate person is genuine and effective; the corporation or its agents may
refuse to register a transfer of shares unless

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the signature of each appropriate person is guaranteed by a commercial bank or
trust company having an office or a correspondent in the City of New York or by
a firm having membership in the New York Stock Exchange; and

(3) All applicable laws relating to the collection of transfer or other
taxes have been complied with; and

(4) The corporation or its agents are not otherwise required or
permitted to refuse to register such transfer.

Section 4.03. Transfer Agents and Registrars. The directors may appoint
one or more agents to transfer or to register shares of the corporation, or
both.

Section 4.04. Lost, Wrongfully Taken or Destroyed Certificates. Except
as otherwise provided by law, where the owner of a certificate evidencing shares
of the corporation claims that such certificate has been lost, destroyed or
wrongfully taken, the directors must cause the corporation to issue a new
certificate in place of the original certificate if the owner:

(1) So requests before the corporation has notice that such original
certificate has been acquired by a bona fide purchaser; and

(2) Files with the corporation, unless waived by the directors, an
indemnity bond, with surety or sureties satisfactory to the corporation, in such
sums as the directors may, in their discretion, deem reasonably sufficient as
indemnity against any loss or liability that the corporation may incur by reason
of the issuance of each such new certificate; and

(3) Satisfies any other reasonable requirements which may be imposed by
the directors, in their discretion.


ARTICLE FIVE

INDEMNIFICATION AND INSURANCE

Section 5.01. Mandatory Indemnification. The corporation shall
indemnify any officer or director of the corporation who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative
(including, without limitation, any action threatened or instituted by or in the
right of the corporation), by reason of the fact that he is or was a director,
officer, employee or agent of the corporation, or is or was serving at the
request of the corporation as a director, trustee, officer, employee, member,
manager or agent of another corporation (domestic or foreign, nonprofit or for
profit), limited liability company, partnership, joint venture, trust or other
enterprise, against expenses (including, without limitation, attorneys' fees,
filing fees, court reporters' fees and transcript costs), judgments,

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fines and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best interests of
the corporation, and with respect to any criminal action or proceeding, he had
no reasonable cause to believe his conduct was unlawful. A person claiming
indemnification under this Section 5.01 shall be presumed, in respect of any act
or omission giving rise to such claim for indemnification, to have acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the corporation, and with respect to any criminal matter, to have
had no reasonable cause to believe his conduct was unlawful, and the termination
of any action, suit or proceeding by judgment, order, settlement or conviction,
or upon a plea of nolo contendere or its equivalent, shall not, of itself, rebut
such presumption.

Section 5.02. Court-Approved Indemnification. Anything contained in the
Regulations or elsewhere to the contrary notwithstanding:

(A) the corporation shall not indemnify any officer or director of the
corporation who was a party to any completed action or suit instituted by or in
the right of the corporation to procure a judgment in its favor by reason of the
fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, trustee, officer, employee, member, manager or agent of another
corporation (domestic or foreign, nonprofit or for profit), limited liability
company, partnership, joint venture, trust or other enterprise, in respect of
any claim, issue or matter asserted in such action or suit as to which he shall
have been adjudged to be liable for acting with reckless disregard for the best
interests of the corporation or misconduct (other than negligence) in the
performance of his duty to the corporation unless and only to the extent that
the Court of Common Pleas of Union County, Ohio or the court in which such
action or suit was brought shall determine upon application that, despite such
adjudication of liability, and in view of all the circumstances of the case, he
is fairly and reasonably entitled to such indemnity as such Court of Common
Pleas or such other court shall deem proper; and

(B) the corporation shall promptly make any such unpaid indemnification
as is determined by a court to be proper as contemplated by this Section 5.02.

Section 5.03. Indemnification for Expenses. Anything contained in the
Regulations or elsewhere to the contrary notwithstanding, to the extent that an
officer or director of the corporation has been successful on the merits or
otherwise in defense of any action, suit or proceeding referred to in Section
5.01, or in defense of any claim, issue or matter therein, he shall be promptly
indemnified by the corporation against expenses (including, without limitation,
attorneys' fees, filing fees, court reporters' fees and transcript costs)
actually and reasonably incurred by him in connection therewith.

Section 5.04. Determination Required. Any indemnification required
under Section 5.01 and not precluded under Section 5.02 shall be made by the
corporation only upon a determination that such indemnification of the officer
or director is proper in the circumstances because he has met the applicable
standard of conduct set forth in Section 5.01. Such determination may be made
only (A) by a majority vote of a quorum consisting of directors of the
corporation who were not

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and are not parties to, or threatened with, any such action, suit or proceeding,
or (B) if such a quorum is not obtainable or if a majority of a quorum of
disinterested directors so directs, in a written opinion by independent legal
counsel other than an attorney, or a firm having associated with it an attorney,
who has been retained by or who has performed services for the corporation, or
any person to be indemnified, within the past five years, or (C) by the
shareholders, or (D) by the Court of Common Pleas of Union County, Ohio or (if
the corporation is a party thereto) the court in which such action, suit or
proceeding was brought, if any; any such determination may be made by a court
under division (D) of this Section 5.04 at any time [including, without
limitation, any time before, during or after the time when any such
determination may be requested of, be under consideration by or have been denied
or disregarded by the disinterested directors under division (A) or by
independent legal counsel under division (B) or by the shareholders under
division (C) of this Section 5.04]; and no failure for any reason to make any
such determination, and no decision for any reason to deny any such
determination, by the disinterested directors under division (A) or by
independent legal counsel under division (B) or by shareholders under division
(C) of this Section 5.04 shall be evidence in rebuttal of the presumption
recited in Section 5.01. Any determination made by the disinterested directors
under division (A) or by independent legal counsel under division (B) of this
Section 5.04 to make indemnification in respect of any claim, issue or matter
asserted in an action or suit threatened or brought by or in the right of the
corporation shall be promptly communicated to the person who threatened or
brought such action or suit, and within ten days after receipt of such
notification such person shall have the right to petition the Court of Common
Pleas of Union County, Ohio or the court in which such action or suit was
brought, if any, to review the reasonableness of such determination.

Section 5.05. Advances for Expenses. Expenses (including, without
limitation, attorneys' fees, filing fees, court reporters' fees and transcript
costs) incurred in defending any action, suit or proceeding referred to in
Section 5.01 shall be paid by the corporation in advance of the final
disposition of such action, suit or proceeding to or on behalf of the officer or
director promptly as such expenses are incurred by him, but only if such officer
or director shall first agree, in writing, to repay all amounts so paid in
respect of any claim, issue or other matter asserted in such action, suit or
proceeding in defense of which he shall not have been successful on the merits
or otherwise:

(A) if it shall ultimately be determined as provided in Section 5.04
that he is not entitled to be indemnified by the corporation as provided under
Section 5.01; or

(B) if, in respect of any claim, issue or other matter asserted by or
in the right of the corporation in such action or suit, he shall have been
adjudged to be liable for acting with reckless disregard for the best interests
of the corporation or misconduct (other than negligence) in the performance of
his duty to the corporation, unless and only to the extent that the Court of
Common Pleas of Union County, Ohio or the court in which such action or suit was
brought shall determine upon application that, despite such adjudication of
liability, and in view of all the circumstances, he is fairly and reasonably
entitled to all or part of such indemnification.

Section 5.06. Article FIVE Not Exclusive. The indemnification provided
by this Article FIVE shall not be exclusive of, and shall be in addition to, any
other rights to which any person

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seeking indemnification may be entitled under the Articles or the Regulations or
any agreement, vote of shareholders or disinterested directors, or otherwise,
both as to action in his official capacity and as to action in another capacity
while holding such office, and shall continue as to a person who has ceased to
be an officer or director of the corporation and shall inure to the benefit of
the heirs, executors, and administrators of such a person.

Section 5.07. Insurance. The corporation may purchase and maintain
insurance or furnish similar protection, including but not limited to trust
funds, letters of credit, or self-insurance, on behalf of any person who is or
was a director, officer, employee or agent of the corporation, or is or was
serving at the request of the corporation as a director, trustee, officer,
employee, member, manager or agent of another corporation (domestic or foreign,
nonprofit or for profit), limited liability company, partnership, joint venture,
trust or other enterprise, against any liability asserted against him and
incurred by him in any such capacity, or arising out of his status as such,
whether or not the corporation would have the obligation or the power to
indemnify him against such liability under the provisions of this Article FIVE.
Insurance may be purchased from or maintained with a person in which the
corporation has a financial interest.

Section 5.08. Certain Definitions. For purposes of this Article FIVE,
and as examples and not by way of limitation:

(A) A person claiming indemnification under this Article FIVE shall be
deemed to have been successful on the merits or otherwise in defense of any
action, suit or proceeding referred to in Section 5.01, or in defense of any
claim, issue or other matter therein, if such action, suit or proceeding shall
be terminated as to such person, with or without prejudice, without the entry of
a judgment or order against him, without a conviction of him, without the
imposition of a fine upon him and without his payment or agreement to pay any
amount in settlement thereof (whether or not any such termination is based upon
a judicial or other determination of the lack of merit of the claims made
against him or otherwise results in a vindication of him); and

(B) References to an "other enterprise" shall include employee benefit
plans; references to a "fine" shall include any excise taxes assessed on a
person with respect to an employee benefit plan; and references to "serving at
the request of the corporation" shall include any service as a director,
officer, employee or agent of the corporation which imposes duties on, or
involves services by, such director, officer, employee or agent with respect to
an employee benefit plan, its participants or beneficiaries; and a person who
acted in good faith and in a manner he reasonably believed to be in the best
interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner "not opposed to the best interests of
the corporation" within the meaning of that term as used in this Article FIVE.

Section 5.09. Venue. Any action, suit or proceeding to determine a
claim for indemnification under this Article FIVE may be maintained by the
person claiming such indemnification, or by the corporation, in the Court of
Common Pleas of Union County, Ohio. The corporation and (by claiming such
indemnification) each such person consent to the exercise of jurisdiction over
its

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or his person by the Court of Common Pleas of Union County, Ohio in any such
action, suit or proceeding.


ARTICLE SIX

MISCELLANEOUS

Section 6.01. Amendments. The Regulations may be amended, or
new regulations may be adopted, at a meeting of shareholders held for such
purpose, only by the affirmative vote of the holders of shares entitling them to
exercise not less than a majority of the voting power of the corporation on such
proposal, or without a meeting by the written consent of the holders of shares
entitling them to exercise not less than all of the voting power of the
corporation on such proposal.

Section 6.02. Action by Shareholders or Directors Without a
Meeting. Anything contained in the Regulations to the contrary notwithstanding,
any action which may be authorized or taken at a meeting of the shareholders or
of the directors or of a committee of the directors, as the case may be, may be
authorized or taken without a meeting with the affirmative vote or approval of,
and in a writing or writings signed by, all the shareholders who would be
entitled to notice of a meeting of the shareholders held for such purpose, or
all the directors, or all the members of such committee of the directors,
respectively, which writings shall be filed with or entered upon the records of
the corporation.


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