B747-200 ABORTS TKOF AT A SPD CLOSE TO V1 AT HNL.

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JUST PRIOR TO V1; #4 ENG EXPLODED; A REJECTED TKOF WAS PERFORMED. NO PAX INJURED; MANY TIRE FUSE PLUGS BLEW AS BRAKES HEATED UP AFTER WE CAME TO A STOP. ALL EMER CHKLISTS WERE PERFORMED. CALLBACK CONVERSATION WITH RPTR REVEALED THE FOLLOWING INFO: RPTR STATED THE TYPE OF ACFT WAS A B747-200. THIS ACFT DID NOT HAVE REJECTED TKOF BRAKING INSTALLED SO IT TOOK MAX MANUAL BRAKING TO STOP THE ACFT. ACFT STOPPED 1500 FT SHORT OF THE END OF THE RWY. RWY BEING USED WAS RWY 8; AT HNL. RPTR COULD NOT REMEMBER WHETHER IT WAS THE L OR R RWY. THERE WAS NO WARNING OF ENG FAILURE. THEY ALL HEARD THE ENG EXPLOSION IN THE FLT DECK; BUT; THEIR INITIAL IMPRESSION WAS A BLOWN TIRE HAD OCCURRED. SHORTLY THEREAFTER; THE EGT GAUGE WENT TO MAX HEAT INDICATION. TAXIING OFF THE RWY; THEY PARKED THE ACFT SO CFR CREW COULD INSPECT THE ACFT. CFR SAID THERE WAS ENG PROB. GND MAINT THEN INSPECTED THE ACFT AND ASKED THE FLC TO TAXI BACK TO THE GATE. FLC DENIED THEIR REQUEST AS THEY HAD USED MAX BRAKING TO STOP THE ACFT AT A HIGH SPD. THE RPTR COULD NOT REMEMBER THE EXACT SPD; BUT SAID IT WAS CLOSE TO V1. AS THE ACFT SAT ON THE TXWY; THE FUSE PLUGS STARTED TO MELT; DEFLATING SEVERAL OF THE TIRES. FLC COULD NOT HEAR THE PLUGS MELT; BUT GND CREW INDICATED IT SOUNDED LIKE POPCORN AS THE PLUGS MELTED. FLC AND FLT ATTENDANTS KEPT PAX ON BOARD TO PREVENT ANY UNNECESSARY EVAC. PAX WERE DEPLANED AND TRANSPORTED BY BUS BACK TO THE TERMINAL. ACFT GROSS WT AT THE TIME WAS ABOUT 760000 LBS ACTUAL; 775000 LBS MAX.