I'm referring to exercise 1 of section 5 The category of all categories of Chapter II in Mac Lane's book Categories for working mathematicians (p. 44). The exercise asks to establish a bijection
$$ \mathbf{Cat}(A\times B,C)\cong \mathbf{Cat}(A,C^B) $$
for small categories $A,B$ and $C$ and show that it is natural in $A,B$ and $C$. But I don't have any idea of what $\mathbf{Cat}$ means. I guess he meant $\mathbf{Funct}$, the bifunctor presented some lines above. But then, in the next exercise he asks to establish natural ismorphisms
$$( A\times B)^C$$
and
$$C^{A\times B}\cong (C^B)^A $$
and to compare the second with the bijection of exercise 1.
So, what does $\mathbf{Cat}$ mean? Is exercise 1 the same as the second part of exercise 2?
Thanks
As explained at the beginning of the "Hom-Sets" section, p.27, $C(a,b)$ is shorthand for $\operatorname{hom}_C(a,b)$, so the first exercise asks you to check that the set of functors from $A\times B$ to $C$ is in bijection with the set of functors from $A$ to the functor category $C^B$.
The second part of the second exercise wants you to regard $(-)^{(-)}$ as a functor $\operatorname{Cat^{op}} \times \operatorname{Cat} \to \operatorname{Cat}$, via the procedure described right above the exercises, and then check that the two functors are naturally isomorphic.