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<CONFORMED-NAME>HARRISON HILLS LLC
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<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
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<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
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<COMPANY-DATA>
<CONFORMED-NAME>PC/BRE DEVELOPMENT LLC
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<BUSINESS-ADDRESS>
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<STREET2>SUITE 100
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<STATE>AZ
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<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PC/BRE SPRINGFIELD LLC
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<ASSIGNED-SIC>
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<BUSINESS-ADDRESS>
<STREET1>10201 S. 51ST ST.
<STREET2>SUITE 100
<CITY>PHOENIX
<STATE>AZ
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</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PC/BRE VENTURE LLC
<CIK>0001113876
<ASSIGNED-SIC>
<IRS-NUMBER>860910231
<STATE-OF-INCORPORATION>DE
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<FILING-VALUES>
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<BUSINESS-ADDRESS>
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<STREET2>SUITE 100
<CITY>PHOENIX
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<ZIP>85044
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PC/BRE WHITNEY OAKS LLC
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<FILER>
<COMPANY-DATA>
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<FILER>
<COMPANY-DATA>
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<MAIL-ADDRESS>
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<ZIP>48304-2946
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE HOMES OF TEXAS LP
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<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE HOMES TENNESSEE LTD PARTNERSHIP
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<STREET1>5544 FRANKLIN RD.
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<ZIP>37220
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE LAND CO LLC
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<STREET1>26622 WOODWARD
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<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
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<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
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<FILER>
<COMPANY-DATA>
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<ZIP>48067-0956
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE-IN CORP
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<IRS-NUMBER>383328533
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<FORM-TYPE>S-4
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<BUSINESS-ADDRESS>
<STREET1>11711 N. PENNSYLVANIA ST.
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<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
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<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>RADNOR HOMES INC
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<FORM-TYPE>S-4
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<BUSINESS-ADDRESS>
<STREET1>1635 VILLAGE CENTER CIRCLE
<STREET2>SUITE 250
<CITY>LAS VEGAS
<STATE>NV
<ZIP>89134
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PN I INC
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<BUSINESS-ADDRESS>
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<STREET2>SUITE 250
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<STATE>NV
<ZIP>89134
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PN II INC
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<BUSINESS-ADDRESS>
<STREET1>1635 VILLAGE CENTER CIRCLE
<STREET2>SUITE 250
<CITY>LAS VEGAS
<STATE>NV
<ZIP>89134
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE HOME CORP OF NEW ENGLAND
<CIK>0001113902
<ASSIGNED-SIC>
<IRS-NUMBER>041545089
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<FISCAL-YEAR-END>1231
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<FILING-VALUES>
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<BUSINESS-ADDRESS>
<STREET1>257 TURNPILKE RD.
<STREET2>SUITE 200
<CITY>SOUTHBOROUGH
<STATE>MA
<ZIP>01772
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ONE WILLOWBROOK LLC
<CIK>0001113904
<ASSIGNED-SIC>
<IRS-NUMBER>043252769
<STATE-OF-INCORPORATION>MD
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<FILING-VALUES>
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<BUSINESS-ADDRESS>
<STREET1>9832 YORK RD.
<STREET2>SUITE 2B
<CITY>COCKEYSVILLE
<STATE>MD
<ZIP>21030
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>DEVTEX LAND LP
<CIK>0001113906
<ASSIGNED-SIC>
<IRS-NUMBER>760567426
<STATE-OF-INCORPORATION>TX
<FISCAL-YEAR-END>1231
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<FILING-VALUES>
<FORM-TYPE>S-4
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<BUSINESS-ADDRESS>
<STREET1>3327 RIVIERA
<CITY>SUGAR LAND
<STATE>TX
<ZIP>77479
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>RN ACQUISITION 2 CORP
<CIK>0001113907
<ASSIGNED-SIC>
<IRS-NUMBER>383412154
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>S-4
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<BUSINESS-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>HOMESITE SOLUTIONS CORP
<CIK>0001113908
<ASSIGNED-SIC>
<IRS-NUMBER>593232737
<STATE-OF-INCORPORATION>MI
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<FORM-TYPE>S-4
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<BUSINESS-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
</FILER>
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PB VENTURE LLC
<CIK>0001113909
<ASSIGNED-SIC>
<IRS-NUMBER>383421298
<STATE-OF-INCORPORATION>MI
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<BUSINESS-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PULTE PAYROLL CORP
<CIK>0001113910
<ASSIGNED-SIC>
<IRS-NUMBER>311354336
<STATE-OF-INCORPORATION>MI
<FISCAL-YEAR-END>1231
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<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
<PHONE>2486472750
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O PULTE CORP
<STREET2>33 BLOOMFIELD HILLS PKWY #200
<CITY>BLOOMFIELD HILLS
<STATE>MI
<ZIP>48304-2946
</MAIL-ADDRESS>
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<DOCUMENT>
<TYPE>S-4
<SEQUENCE>1
<DESCRIPTION>FORM S-4
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="right">
Registration No.
333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>

<DIV align="left">
<HR size="1" width="100%" align="left">
</DIV>

<DIV align="left">
<HR size="1" width="100%" align="left">
</DIV>

<P align="center">
SECURITIES AND EXCHANGE COMMISSION

<DIV align="center">
Washington D.C. 20549
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="center">
<B><FONT size="5">Form S-4</FONT></B>

<DIV align="center">
<B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="center">
<B><FONT size="5">Pulte Corporation*</FONT></B>

<DIV align="center">
(Exact name of Registrant as specified in its charter)
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="57%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="40%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<B>Michigan</B></FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<B>38-2766606</B></FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	(State or other jurisdiction of<BR>
	incorporation or organization)</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	(I.R.S. Employer<BR>
	Identification No.)</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">
<B>33 Bloomfield Hills Parkway, Suite&nbsp;200</B>

<DIV align="center">
<B>Bloomfield Hills, Michigan 48304</B>
</DIV>

<DIV align="center">
<B>(248)&nbsp;647-2750</B>
</DIV>

<DIV align="center">
<FONT size="2">(Address, including zip code, and telephone
number,</FONT>
</DIV>

<DIV align="center">
<FONT size="2">including area code, of Registrant&#146;s and
Additional Registrants&#146; principal executive offices)</FONT>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="center">
<B>JOHN&nbsp;R. STOLLER,&nbsp;ESQ.</B>

<DIV align="center">
<B>Senior Vice President, General Counsel and Secretary, Pulte
Corporation</B>
</DIV>

<DIV align="center">
<B>33 Bloomfield Hills Parkway</B>
</DIV>

<DIV align="center">
<B>Bloomfield Hills, Michigan 48304</B>
</DIV>

<DIV align="center">
<B>(248)&nbsp;647-2750</B>
</DIV>

<DIV align="center">
<FONT size="2">(Name and address, including zip code, and
telephone number,</FONT>
</DIV>

<DIV align="center">
<FONT size="2">including area code, of agent for service for
Registrant and Additional Registrants)</FONT>
</DIV>

<P align="center">
<I>Copy to:</I>

<P align="center">
<B>DAVID FOLTYN,&nbsp;ESQ.</B>

<DIV align="center">
<B>Honigman Miller Schwartz and Cohn</B>
</DIV>

<DIV align="center">
<B>2290 First National Building</B>
</DIV>

<DIV align="center">
<B>Detroit, Michigan 48226</B>
</DIV>

<DIV align="center">
<B>(313)&nbsp;465-7380</B>
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="left">
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximate date of commencement
 of proposed sale to the public:</B> As soon as practicable after
 the Registration Statement becomes effective.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being
registered on this Form are to be offered in connection with the
formation of a holding company and there is compliance with
General Instruction G, check the following
box:&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is filed to register
additional securities for an offering pursuant to
Rule&nbsp;462(b) under the Securities Act, check the following
box and list the Securities Act registration statement number of
the earlier effective registration statement for the same
offering:&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a post-effective
amendment filed pursuant to Rule&nbsp;462(d) under the Securities
 Act, check the following box and list the Securities Act
registration statement number of the earlier effective
registration statement for the same
offering:&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]

<P align="center">
<B>CALCULATION OF REGISTRATION FEE</B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="25%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="18%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="9"></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="9"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="9"></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="9"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="3"></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Proposed</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Proposed</B></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="3"></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>maximum</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>maximum</B></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Title of each class</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Amount to be</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>offering price</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>aggregate offering</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Amount of</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>of securities to be registered</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>registered</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>per unit(1)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>price(1)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>registration fee</B></FONT></TD>
</TR>

<TR>
	<TD colspan="9"></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="9"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	9&nbsp;1/2% Notes due 2003</FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	$175,000,000</FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	100%</FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	$175,000,000</FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	$48,650</FONT></TD>
</TR>

<TR>
	<TD colspan="9" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="9" align="left"><HR size="1"></TD>

</TR>

</TABLE>
</CENTER>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>(1)&nbsp;</TD>
	<TD align="left">
	Estimated solely for purposes of determining the registration fee
	 pursuant to Rule&nbsp;457.</TD>
</TR>

</TABLE>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="left">
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE REGISTRANT AND ADDITIONAL
REGISTRANTS HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH
DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE
UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH
SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL
THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION&nbsp;8(a)
OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT
 SHALL BECOME EFFECTIVE ON SUCH DATE AS THE SECURITIES AND
EXCHANGE COMMISSION, ACTING PURSUANT TO SAID SECTION&nbsp;8(a),
MAY DETERMINE.</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="2%"></TD>
	<TD width="98%"></TD>
</TR>

<TR valign="top">
	<TD>*&nbsp;</TD>
	<TD align="left">
	Information regarding additional registrants (<I>&#147;Additional
	 Registrants&#148;</I>) is contained in the Table of Additional
	Registrants on the following page.</TD>
</TR>

</TABLE>

<DIV align="left">
<HR size="1" width="100%" align="left">
</DIV>

<DIV align="left">
<HR size="1" width="100%" align="left">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "TABLE OF ADDITIONAL REGISTRANTS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center"><B>TABLE OF ADDITIONAL REGISTRANTS</B>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="66%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Exact Names</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>I.R.S.</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>of Subsidiary Guarantor</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Employer</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Registrants as Specified</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>State of</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Identification</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>in their Respective Charters</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Organization</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Number</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Abacoa Homes,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3218818</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	American Title of the Palm Beaches Corp.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3420070</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	American Title of the Palm Beaches,&nbsp;Ltd.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0432275</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Carr&#146;s Grant,&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Maryland</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">52-2126236</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Devtex Land,&nbsp;L.P.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Texas</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">76-0567426</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Divosta and Company,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">59-0920753</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	DiVosta Homes,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0688300</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Florida Building Products,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">59-2519121</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Florida Club Homes,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0738972</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Hammock Reserve Development Company</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0663601</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Harrison Hills,&nbsp;LLC</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Maryland</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">52-2176116</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Homesite Solutions Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">59-3232737</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Island Walk Development Company</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0663645</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	One Willowbrook&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Maryland</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">04-3252769</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PB Ventures&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3421298</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PBW Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3218818</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ BRE Development&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Delaware</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">86-0910230</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ BRE Springfield&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Delaware</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">86-0910227</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ BRE Venture&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Delaware</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">86-0910231</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ BRE Whitney Oaks&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Delaware</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">86-0911332</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ BRE Winfield&nbsp;L.L.C</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Delaware</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">86-0910232</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PC/ Palm Beach,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3456935</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PN&nbsp;I,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Nevada</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3365526</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	PN&nbsp;II,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Nevada</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3365528</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Development Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-2774526</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Home Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-1545089</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Home Corporation of New England</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">04-3228754</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Home Corporation of the Delaware Valley</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">52-1872230</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of Greater Kansas City,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">75-2522882</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of Michigan Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-1877637</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of Minnesota Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Minnesota</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">31-1288425</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of Ohio Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Ohio</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3027572</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of South Carolina,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3249317</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes of Texas,&nbsp;L.P.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Texas</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">75-2720127</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Homes Tennessee Limited Partnership</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Nevada</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3412151</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Land Company,&nbsp;LLC</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3500432</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Land Development Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3306253</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Lifestyle Communities,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3214013</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte Payroll Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">31-1354336</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Pulte-IN Corp.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3328533</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Radnor Homes,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3412149</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Riverwalk Commerce Acquisition Corp.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3419862</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	RiverWalk of the Palm Beaches Development
	Company,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0496407</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	RN Acquisition 2 Corp.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Nevada</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3412154</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Sean/ Christopher Homes,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">35-1905547</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Sunco Building Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0355867</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Village Walk Development Company,&nbsp;Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Florida</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">65-0472159</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Wilben,&nbsp;LLLP</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Maryland</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">52-1619362</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Wil Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">Michigan</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">38-3218819</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
The information in this prospectus is not complete and may be
changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted.
</DIV>

<P align="center">
<B>SUBJECT TO COMPLETION, DATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000</B>

<P align="left"><B>PROSPECTUS</B>

<P align="center">
<B><FONT size="5">Pulte Corporation</FONT></B>

<DIV align="center">
<B><FONT size="4">Exchange Offer For</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="4">$175,000,000</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="4">9&nbsp;1/2%&nbsp;Notes due 2003</FONT></B>
</DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="1%"></TD>
	<TD width="99%"></TD>
</TR>

<TR valign="top">
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	We are offering to exchange new registered 9&nbsp;1/2%&nbsp;Notes
	 due 2003 for all of our outstanding unregistered
	9&nbsp;1/2%&nbsp;Notes due 2003.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The exchange offer expires at 5:00&nbsp;p.m., New&nbsp;York City
	time, on
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
	2000, unless we extend it.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The exchange will not be a taxable event for U.S.&nbsp;federal
	income tax purposes.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The terms of the new notes are substantially identical to those
	of the original notes, except for the transfer restrictions and
	registration rights relating to the original notes and except
	that the new notes will not provide for the payment of additional
	 interest under circumstances relating to the timing of the
	exchange offer and will be issuable in different authorized
	denominations than the original notes.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The new notes will not trade on any national securities exchange
	and, therefore, we do not anticipate that an active public market
	 in the new notes will develop.</TD>
</TR>

</TABLE>

<P align="left">
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These securities have not been
approved or disapproved by the Securities and Exchange Commission
 or any state securities commission nor has the commission passed
 upon the accuracy or adequacy of this prospectus. Any
representation to the contrary is a criminal offense.</B>

<P align="center">
The date of this prospectus is
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000

<!-- PAGEBREAK -->
<P><HR noshade><P>

<!-- TOC -->
<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">TABLE OF ADDITIONAL REGISTRANTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PROSPECTUS SUMMARY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">THE EXCHANGE OFFER</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">TERMS OF NEW NOTES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">OUR BUSINESS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">RATIOS OF EARNINGS TO FIXED CHARGES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">FORWARD-LOOKING STATEMENTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">USE OF PROCEEDS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">THE EXCHANGE OFFER</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">DESCRIPTION OF THE NEW NOTES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">PLAN OF DISTRIBUTION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">LEGAL MATTERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#013">EXPERTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#014">WHERE YOU CAN FIND MORE INFORMATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#015">TABLE OF CONTENTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#016">INFORMATION NOT REQUIRED IN PROSPECTUS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#017">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#018">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#019">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#020">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#021">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#022">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#023">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#024">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#025">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#026">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#027">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#028">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#029">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#030">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#031">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#032">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#033">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#034">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#035">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#036">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#037">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#038">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#039">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#040">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#041">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#042">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#043">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#044">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#045">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#046">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#047">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#048">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#049">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#050">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#051">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#052">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#053">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#054">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#055">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#056">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#057">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#058">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#059">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#060">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#061">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#062">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#063">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#064">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#065">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#066">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#067">EXHIBIT INDEX</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>

<P align="center"><B>TABLE OF CONTENTS</B>

<CENTER>
<TABLE width="60%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="90%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Prospectus Summary</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Forward-Looking Statements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Use of Proceeds</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	The Exchange Offer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Description of the New Notes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	United States Federal Income Tax Considerations</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">28</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Plan of Distribution</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Legal Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Experts</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Where You Can Find More Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You should rely only on the information contained or incorporated
 by reference in this document or to which we have referred you.
We have not authorized any other person to provide you with
different information. This document may only be used where it is
 legal to sell these securities. You should assume that the
information in this document is accurate as of the date on the
front cover of this prospectus only. Our business, financial
condition, results of operations and prospects may have changed
since that date.

<P align="center">i
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "PROSPECTUS SUMMARY" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center"><B>PROSPECTUS SUMMARY</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>This summary highlights selected information and may not
contain all the information that is important to you. We
encourage you to read the entire prospectus, the documents
incorporated by reference in this prospectus and the other
documents to which this prospectus refers. As used in this
prospectus, all references to &#147;Pulte,&#148; &#147;we&#148;
and &#147;us&#148; and all similar references are to Pulte
Corporation and its consolidated subsidiaries, unless otherwise
stated or the context otherwise requires. All references to
&#147;Pulte Home&#148; are to Pulte Home Corporation, and all
references to &#147;PMC&#148; are to Pulte Mortgage Corporation,
unless otherwise stated or the context otherwise requires, both
of which are our wholly-owned subsidiaries.</I>

<!-- link1 "THE EXCHANGE OFFER" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center"><B>THE EXCHANGE OFFER</B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%"></TD>
	<TD width="1%"></TD>
	<TD width="75%"></TD>
</TR>

<TR>
	<TD valign="top">
	Exchange Offer</TD>
	<TD></TD>
	<TD valign="top">
	We are offering to exchange $175&nbsp;million in aggregate
	principal amount of our 9&nbsp;1/2 Notes due 2003 that have been
	registered under the Securities Act of 1933 for a like principal
	amount of our outstanding unregistered 9&nbsp;1/2%&nbsp;Notes due
	 2003.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	For procedures for tendering, see &#147;THE EXCHANGE
	OFFER&nbsp;&#151; Procedures for Tendering Original Notes.&#148;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Resale without further registration</TD>
	<TD></TD>
	<TD valign="top">
	We believe that you may resell or otherwise transfer the new
	notes received in the exchange offer without complying with the
	registration and prospectus delivery provisions of the Securities
	 Act so long as you are not a broker-dealer and you meet the
	following conditions:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; you are not our &#147;affiliate&#148; within the
	meaning of Rule&nbsp;405 under the Securities Act;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; you acquire the new notes issued in the exchange
	offer in the ordinary course of your business;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; you have no arrangements or understanding with any
	person to participate in the distribution of the new notes.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	By signing the letter of transmittal and tendering your original
	notes, you will be making representations to this effect. You may
	 incur liability under the Securities Act if:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; any of the representations listed above are not
	true;&nbsp;and</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%"></TD>
	<TD width="1%"></TD>
	<TD width="75%"></TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; you transfer any new note issued to you in the
	exchange offer without delivering a prospectus meeting the
	requirements of the Securities Act or an exemption from the
	registration requirements under the Securities&nbsp;Act.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	We do not assume or indemnify you against liability under these
	circumstances, which means that we will not protect you against
	any loss incurred as a result of this liability under the
	Securities&nbsp; Act.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Restrictions on resale by <BR>
	 broker-dealers</TD>
	<TD></TD>
	<TD valign="top">
	Each broker-dealer that has received new notes for its own
	account in exchange for original notes that were acquired as a
	result of market-making or other trading activities must
	acknowledge that it will deliver a prospectus meeting the
	requirements of the Securities Act in connection with any resale
	of the new notes. A broker-dealer may use this prospectus in
	connection with any resale for a period of 180&nbsp;days after
	the end of the exchange offer.</TD>
</TR>

</TABLE>

<P align="center">
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%"></TD>
	<TD width="1%"></TD>
	<TD width="75%"></TD>
</TR>

<TR>
	<TD valign="top">
	Expiration date</TD>
	<TD></TD>
	<TD valign="top">
	The exchange offer will expire at 5:00&nbsp;p.m., New&nbsp;York
	City time, on
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
	 2000, unless we extend&nbsp;it.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Withdrawal rights</TD>
	<TD></TD>
	<TD valign="top">
	You may withdraw your tender of original notes at any time before
	 the exchange offer expires.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Federal income tax consequences</TD>
	<TD></TD>
	<TD valign="top">
	The exchange of original notes for new notes will not result in
	any income, gain or loss to you for U.S.&nbsp;federal income tax
	purposes.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Exchange agent</TD>
	<TD></TD>
	<TD valign="top">
	Bank One Trust Company, National Association is serving as the
	exchange agent in connection with the exchange offer.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Consequences of failure to exchange</TD>
	<TD></TD>
	<TD valign="top">
	If you are eligible to participate in the exchange offer and you
	do not tender your original notes, you will not have further
	exchange or registration rights and you will continue to hold
	notes subject to restrictions on transfer.</TD>
</TR>

</TABLE>

<P align="center">2

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "TERMS OF NEW NOTES" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center"><B>TERMS OF NEW NOTES</B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%"></TD>
	<TD width="1%"></TD>
	<TD width="75%"></TD>
</TR>

<TR>
	<TD valign="top">
	Issuer</TD>
	<TD></TD>
	<TD valign="top">
	Pulte Corporation</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Notes offered</TD>
	<TD></TD>
	<TD valign="top">
	$175&nbsp;million in principal amount of 9&nbsp;1/2 Notes due
	2003, maturing on April&nbsp;1, 2003. The 9&nbsp;1/2%&nbsp;Notes
	due 2003 will accrue interest at a rate of 9&nbsp;1/2%&nbsp;per
	annum, and will be payable in arrears semiannually on each
	October&nbsp;1 and April&nbsp;1, beginning October&nbsp;1, 2000.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	The form and terms of the new notes will be the same as the form
	and terms of the original notes, except that:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; the new notes will have been registered under the
	Securities&nbsp;Act;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; the new notes will not contain terms providing for
	payments of additional interest under circumstances relating to
	the timing of the exchange offer.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; the new notes will be represented by one or more
	global notes in book-entry form;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; the new notes will be issuable in denominations of
	$1,000 and integral multiples thereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Single class</TD>
	<TD></TD>
	<TD valign="top">
	The original notes and the new notes will vote together as a
	single class for purposes of taking actions and exercising rights
	 under the indenture.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Interest calculations</TD>
	<TD></TD>
	<TD valign="top">
	Based on a 360-day year of twelve 30-day months.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Ranking</TD>
	<TD></TD>
	<TD valign="top">
	The new notes will rank equally with all other unsecured and
	unsubordinated Indebtedness of Pulte.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Guarantees</TD>
	<TD></TD>
	<TD valign="top">
	Payment of principal of and interest on the new notes will be
	guaranteed, jointly and severally, by our wholly-owned
	homebuilding subsidiaries in the United States, including Pulte
	Home Corporation (the <I>&#147;Guarantees&#148;</I>). The
	Guarantees will rank equally with all other unsecured and
	unsubordinated Indebtedness of such subsidiaries.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Repurchase at option of holder</TD>
	<TD></TD>
	<TD valign="top">
	Upon a change of control triggering event, each holder of the new
	 notes will have the right, at the holder&#146;s option, subject
	to the terms and conditions of the indenture governing the new
	notes, to require us to purchase all or any part of such
	holder&#146;s new notes at a cash price equal to 100% of their
	face amount, plus accrued interest to the date of the repurchase.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Redemption</TD>
	<TD></TD>
	<TD valign="top">
	The new notes are not redeemable by us in whole or in part prior
	to maturity.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Sinking fund</TD>
	<TD></TD>
	<TD valign="top">
	None.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Denominations</TD>
	<TD></TD>
	<TD valign="top">
	$1,000 and integral multiples of $1,000 in excess thereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Absence of market for the notes</TD>
	<TD></TD>
	<TD valign="top">
	The new notes are a new issue of securities with no established
	trading market. We currently have no intention to apply to list
	the new notes on any securities exchange or to seek their
	admission to trading on any automated quotation system.
	Accordingly, there can be no assurance as to the development or
	liquidity of any market for the new notes.</TD>
</TR>

</TABLE>

<P align="center">3

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV>&nbsp;</DIV>

<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%"></TD>
	<TD width="1%"></TD>
	<TD width="75%"></TD>
</TR>

<TR>
	<TD valign="top">
	No limit on debt</TD>
	<TD></TD>
	<TD valign="top">
	The indenture governing the new notes does not limit the amount
	of debt that we may issue or provide holders any protection
	should we be involved in a highly leveraged transaction.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Certain covenants</TD>
	<TD></TD>
	<TD valign="top">
	The indenture contains covenants that, among other things, limit
	the ability of Pulte and some of our subsidiaries&nbsp;to:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; issue, assume or guarantee additional secured
	Indebtedness;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; engage in sale and lease-back transactions.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	These covenants are subject to important exceptions and
	qualifications, which are described under the heading
	&#147;Description of New Notes.&#148;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Events of default</TD>
	<TD></TD>
	<TD valign="top">
	Each of the following is an event of default under the indenture
	governing the new notes:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; our failure to pay principal of or premium, if any,
	on the new notes or original notes when due;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; our failure for 30&nbsp;days to pay interest when
	due on the new notes or the original notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; our failure to perform other covenants with respect
	to the new notes or the original notes for 60&nbsp;days after
	receipt of notice of failure;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
</TD>
	<TD></TD>
	<TD valign="top">
	&#149;&nbsp; certain events of bankruptcy, insolvency or
	reorganization of Pulte.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Remedies</TD>
	<TD></TD>
	<TD valign="top">
	If any event of default occurs and is continuing, the trustee
	under the indenture or holders of at least 25% in aggregate
	principal amount of outstanding debt securities issued under the
	indenture may declare the principal thereof immediately due and
	payable.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR>
	<TD valign="top">
	Other</TD>
	<TD></TD>
	<TD valign="top">
	The new notes and the original notes will vote together with
	other outstanding debt securities issued under the indenture
	governing the new notes for purposes of determining whether the
	holders of the requisite percentage in outstanding principal
	amount have taken actions or exercised certain rights under the
	indenture. See &#147;Description of New Notes.&#148;</TD>
</TR>

</TABLE>

<P align="center">4

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "OUR BUSINESS" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="center"><B>OUR BUSINESS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are the nation&#146;s largest homebuilder, based on units sold
 worldwide, compared to the published fiscal 1999 results of our
competitors. Through Pulte Home and our other homebuilding
subsidiaries in the United States, we acquire land, develop
communities and build and sell a wide variety of homes, including
 detached units, townhouses, condominium apartments and duplexes,
 all primarily sold for use as principal residences. Our homes
are targeted to first-time, move-up, semi-custom, and active
adult home buyers (a growing demographic group in their
pre-retirement and retirement years). We currently offer homes in
 388 communities in 41 markets and 25 states at prices ranging
from $50,000 to over $850,000 (sales prices of homes currently
offered for sale in 79% of our communities fall within the range
of $100,000 to $275,000), with an average price of $187,000. Our
international homebuilding subsidiaries engage in residential
land development and homebuilding in Mexico and Puerto&nbsp;Rico,
 which accounted for approximately 1.7% of total homebuilding
pre-tax income in 1999. Through PMC, we also provide mortgage
financing services, primarily to buyers of our homes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our homebuilding strategy in the United States is focused on the
continued development of the Pulte consumer and value-based
brand. Our goal is to create a <I>Homeowner for Life</I>&#153; by
 providing a wide array of well-located, quality-built
residential housing communities for homebuyers as they transition
 from first-time, move-up, semi-custom, and ultimately to active
adult buyers. Our extensive pre-construction market research and
analysis enables us to understand what our homebuyers desire. We
then specifically develop our communities and products to that
well-defined homebuyer profile. Our commitment to research and
development is focused on the continuous improvement of
construction and land development techniques, which allows us to
provide high levels of quality and value in our homes and
communities. Our Pulte Preferred Partnership (P<SUP>3</SUP>)
program was initiated with a goal toward developing long-term
relationships with premier contractors and suppliers to maximize
execution of our development and building plans. In addition, we
believe that our well-capitalized financial structure combined
with our high level of production volume allow us to negotiate
favorable material and supply purchasing agreements on a national
 and/or regional basis to minimize our costs of production.
Finally, our mortgage financing subsidiaries have continued to
automate operations to (i)&nbsp;enhance customer service,
(ii)&nbsp;facilitate the sales process and (iii)&nbsp;reduce
mortgage origination production costs to maximize profitability.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our executive offices are located at 33&nbsp;Bloomfield Hills
Parkway, Suite&nbsp;200, Bloomfield Hills, Michigan 48304
(telephone: (248)&nbsp;647-2750).

<!-- link1 "RATIOS OF EARNINGS TO FIXED CHARGES" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="center"><B>RATIOS OF EARNINGS TO FIXED CHARGES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table shows our ratios of earnings to fixed charges
 for the periods indicated. This information should be read in
conjunction with the consolidated financial statements and the
accompanying notes incorporated by reference in this prospectus.

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="60%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="19"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><FONT size="2"><B>Year Ended December&nbsp;31,</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><HR size="1"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1995</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1996</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1997</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1998</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1999</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Ratio of earnings to fixed charges(a)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.31</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.00</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.49</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.76</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5.31</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="left"><HR size="1" width="18%" align="left">
<P>

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<TR>
	<TD width="4%"></TD>
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</TR>

<TR valign="top">
	<TD>(a)&nbsp;</TD>
	<TD align="left">
	The ratios of earnings to fixed charges set forth above are
	computed on a total enterprise basis, except for our discontinued
	 thrift operations, which are excluded. Fixed charges include
	interest incurred and one-third of rent expense, which represents
	 the estimated interest factor and amortization of debt expense.</TD>
</TR>

</TABLE>

<P align="center">5
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<DIV align="left"><A NAME="006"></A></DIV>

<P align="center"><B>FORWARD-LOOKING STATEMENTS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This prospectus (including the information incorporated by
reference herein) contains forward-looking statements with
respect to our financial condition, results of operations, plans,
 objectives, future performance and business, including, without
limitation, statements preceded by, followed by or that include
the words &#147;believes,&#148; &#147;expects,&#148;
&#147;anticipates,&#148; &#147;estimates&#148; or similar
expressions. These forward-looking statements involve risks and
uncertainties. Actual results may differ materially from those
contemplated by the forward-looking statements due to, among
others, matters described in the documents incorporated by
reference herein and the following factors:
<P>

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	<TD width="1%"></TD>
	<TD width="96%"></TD>
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	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	our exposure to certain market risks, changes in economic
	conditions, tax and interest rates, increases in raw material and
	 labor costs, shortages of skilled labor, shifts in demand for
	new homes, changes in costs associated with home ownership, such
	as property taxes and energy costs, weather conditions and
	general competitive factors;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	actions taken or omitted to be taken by third parties, including
	customers, suppliers, competitors, and shareholders, as well as
	legislative, regulatory, judicial and other governmental
	authorities;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	changes or developments in the laws and regulations applicable to
	 the construction and homebuilding industry;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	our ability to resolve all outstanding matters related to the
	First Heights litigation, including our appeal of a district
	court ruling in favor of the FDIC. See &#147;Business&nbsp;&#151;
	 Discontinued Operations&#148; below.</TD>
</TR>

</TABLE>

<P align="left">
See &#147;WHERE YOU CAN FIND MORE INFORMATION.&#148;

<!-- link1 "USE OF PROCEEDS" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="center"><B>USE OF PROCEEDS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This exchange offer is intended to satisfy our obligations under
the registration rights agreement entered into in connection with
 the issuance of the original notes. We will not receive any cash
 proceeds from the issuance of the new notes in the exchange
offer.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The net proceeds from the sale of the original
9&nbsp;1/2%&nbsp;Notes due 2003 were approximately
$173.2&nbsp;million, after deduction of offering expenses. We
used the net proceeds to repay short-term Indebtedness under
unsecured revolving bank credit arrangements and for other
general corporate purposes.

<P align="center">6

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<!-- link1 "THE EXCHANGE OFFER" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="center"><B>THE EXCHANGE OFFER</B>

<P align="left"><B>Purpose and Effect</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We sold the original 9&nbsp;1/2%&nbsp;Notes on April&nbsp;3, 2000
 in a transaction exempt from the registration requirements of
the Securities Act. Therefore, those notes are subject to
significant restrictions on resale. In connection with this
issuance, we entered into a registration rights agreement with
the initial purchasers under which we agreed to file an exchange
offer registration statement under the Securities Act and, upon
effectiveness of the registration statement, offer to you the
opportunity to exchange your original 9&nbsp;1/2%&nbsp;Notes for
a like principal amount of registered 9&nbsp;1/2%&nbsp;Notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Based on interpretations by the staff of the SEC found in
no-action letters issued to third parties, if you are not our
&#147;affiliate&#148; within the meaning of Rule&nbsp;405 under
the Securities Act, we believe that you may resell or otherwise
transfer the new notes that we are issuing to you in the exchange
 offer without compliance with the registration and prospectus
delivery provisions of the Securities Act. However, the new notes
 must be acquired in the ordinary course of your business. In
addition, you must not engage in, intend to engage in or have any
 arrangement or understanding with any person to participate in,
a distribution of the new notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you tender in the exchange offer for the purpose of
participating in a distribution of the new notes, or if you are a
 broker-dealer who purchased the original notes from us for
resale pursuant to Rule&nbsp;144A or any other available
exemption under the Securities Act, you cannot rely on the
interpretations by the staff of the SEC stated in these no-action
 letters. Instead, you must comply with the registration and
prospectus delivery requirements of the Securities Act in
connection with any sale or transfer, unless an exemption from
these requirements is otherwise available.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Further, each broker-dealer that receives the new notes for its
own account in exchange for the original notes, where the
broker-dealer acquired the original notes as a result of
market-making or other trading activities, must acknowledge in a
letter of transmittal that it will deliver a prospectus meeting
the requirements of the Securities Act in connection with any
resale of those new notes. The letter of transmittal states that
by making this acknowledgment and delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an
&#147;underwriter&#148; within the meaning of the Securities Act.
 We have agreed that this prospectus may be used by a
broker-dealer for any resale of new notes issued to it in the
exchange offer for a period of 180&nbsp;days after the expiration
 date of the exchange offer. We have the right, under limited
circumstances, to suspend the use of this prospectus by
broker-dealers, in which case the 180-day period would be
extended by a number of days equal to the period of suspension.
See &#147;PLAN OF DISTRIBUTION.&#148;

<P align="left"><B>Terms of the Exchange Offer</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are offering to exchange:
<P>

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	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	$175&nbsp;million in aggregate principal amount of our
	9&nbsp;1/2%&nbsp;Notes due 2003 that have been registered under
	the Securities Act for a like principal amount of our outstanding
	 unregistered 9&nbsp;1/2%&nbsp;Notes due&nbsp;2003.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the terms and subject to the conditions set forth in this
prospectus and in the accompanying letter of transmittal, we will
 accept all original notes validly tendered and not withdrawn
before 5:00&nbsp;p.m., New&nbsp;York City time, on the expiration
 date of the exchange offer. We will issue $1,000 principal
amount of new notes in exchange for each $1,000 principal amount
of outstanding original notes we accept in the exchange offer.
You may tender some or all of your original notes under the
exchange offer. However, the original notes are issuable in
authorized denominations of $100,000 and integral multiples of
$1,000 in excess thereof. Accordingly, original notes may be
tendered only in denominations of $100,000 and integral multiples
 of $1,000 in excess thereof and, if you do not tender all of
your original notes, you must retain at least $100,000 of
original 9&nbsp;1/2%&nbsp;Notes. The exchange offer is not
conditioned upon any minimum amount of original notes being
tendered.

<P align="center">7

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The form and terms of the new notes will be the same as the form
and terms of the original notes, except&nbsp;that:
<P>

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<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the new notes will be registered under the Securities Act and,
	thus, will not be subject to the restrictions on transfer or bear
	 legends restricting their transfer;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	all of the new notes will be represented by global notes in
	book-entry form unless exchanged for notes in definitive
	certificated form under the limited circumstances described under
	 &#147;DESCRIPTION OF THE NEW NOTES&nbsp;&#151; Global Notes and
	Book-Entry System&#148;;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the new notes will not provide for the payment of additional
	interest under circumstances relating to the timing of the
	exchange offer;&nbsp; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the new notes will be issuable in denominations of $1,000 and
	integral multiples thereof.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will evidence the same debt as the original notes
and will be issued under, and be entitled to the benefits of, the
 indenture, as supplemented, governing the original notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will accrue interest from the most recent date to
which interest has been paid or, if no interest has been paid,
from date of issuance of the original notes. Accordingly,
registered holders of new notes on the record date for the first
interest payment date following the completion of the exchange
offer will receive interest accrued from the most recent date to
which interest has been paid or, if no interest has been paid,
from the date of issuance of the original notes. However, if that
 record date occurs prior to completion of the exchange offer,
then the interest payable on the first interest payment date
following the completion of the exchange offer will be paid to
the registered holders of the original notes on that
record&nbsp;date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In connection with the exchange offer, you do not have any
appraisal or dissenters&#146; rights under the Business
Corporation Act of the State of Michigan or the indenture, as
supplemented. We intend to conduct the exchange offer in
accordance with the registration rights agreement and the
applicable requirements of the Securities Exchange Act of 1934
and the rules and regulations of the&nbsp;SEC.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will be deemed to have accepted validly tendered original
notes when, as and if we have given oral or written notice of our
 acceptance to the exchange agent. The exchange agent will act as
 agent for the tendering holders for the purpose of receiving the
 new notes from&nbsp;us.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If we do not accept any tendered notes because of an invalid
tender or for any other reason, we will return certificates for
any unaccepted original notes without expense to the tendering
holder as promptly as practicable after the expiration date.

<P align="left"><B>Expiration Date; Amendments</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The exchange offer will expire at 5:00&nbsp;p.m., New&nbsp;York
City time, on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000, unless we, in our sole discretion, extend the exchange
offer. If we determine to extend the exchange offer, we will
notify the exchange agent of any extension by oral or written
notice and give each registered holder notice of the extension by
 means of a press release or other public announcement before
9:00&nbsp;a.m., New&nbsp;York City time, on the next business day
 after the previously scheduled expiration date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We reserve the right, in our sole discretion, to delay accepting
any original notes, to extend the exchange offer or to amend or
terminate the exchange offer if any of the conditions described
below under &#147;Conditions&#148; have not been satisfied or
waived by giving oral or written notice to the exchange agent of
the delay, extension, amendment or termination. Further, we
reserve the right, in our sole discretion, to amend the terms of
the exchange offer in any manner. We will notify you as promptly
as practicable of any extension, amendment or termination.

<P align="center">8

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<P align="left"><B>Procedures for Tendering Original Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any tender of original notes that is not withdrawn prior to the
expiration date will constitute a binding agreement between the
tendering holder and us upon the terms and subject to the
conditions set forth in this prospectus and in the accompanying
letter of transmittal. A holder who wishes to tender original
notes in the exchange offer must do either of the following:
<P>

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</TR>

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	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	properly complete, sign and date the letter of transmittal,
	including all other documents required by the letter of
	transmittal; have the signature on the letter of transmittal
	guaranteed if the letter of transmittal so requires; and mail or
	deliver that letter of transmittal and other required documents
	to the exchange agent at the address listed below under
	&#147;Exchange Agent&#148; on or before the expiration
	date;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if the original notes are tendered under the book-entry transfer
	procedures described below, transmit to the exchange agent on or
	before the expiration date an agent&#146;s message.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, one of the following must occur:
<P>

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	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the exchange agent must receive certificates representing your
	original notes, along with the letter of transmittal, on or
	before the expiration date;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the exchange agent must receive a timely confirmation of
	book-entry transfer of the original notes into the exchange
	agent&#146;s account at DTC under the procedure for book-entry
	transfers described below, along with the letter of transmittal
	or a properly transmitted agent&#146;s message, on or before the
	expiration date;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the holder must comply with the guaranteed delivery procedures
	described below.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The term &#147;agent&#146;s message&#148; means a message,
transmitted by the book-entry transfer facility to and received
by the exchange agent and forming a part of the book-entry
confirmation, which states that the book-entry transfer facility
has received an express acknowledgment from the tendering
participant stating that the participant has received and agrees
to be bound by the letter of transmittal and that we may enforce
the letter of transmittal against the participant.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The method of delivery of original notes, the letter of
transmittal and all other required documents to the exchange
agent is at your election and risk. Rather than mail these items,
 we recommend that you use an overnight or hand delivery service.
 In all cases, you should allow sufficient time to assure timely
delivery to the exchange agent before the expiration date. Do not
 send letters of transmittal or original notes to&nbsp;us.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Generally, an eligible institution must guarantee signatures on a
 letter of transmittal or a notice of withdrawal unless the
original notes are tendered:
<P>

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<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	by a registered holder of the original notes who has not
	completed the box entitled &#147;Special Issuance
	Instructions&#148; or &#147;Special Delivery Instructions&#148;
	on the letter of transmittal;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	for the account of an eligible institution.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If signatures on a letter of transmittal or a notice of
withdrawal are required to be guaranteed, the guarantee must be
by a firm which&nbsp;is:
<P>

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	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a member of a registered national securities exchange;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a member of the National Association of Securities
	Dealers,&nbsp;Inc.;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a commercial bank or trust company having an office or
	correspondent in the United States;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	another &#147;eligible institution&#148; within the meaning of
	Rule&nbsp;17Ad-15 under the Securities Exchange Act.</TD>
</TR>

</TABLE>

<P align="center">9

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the letter of transmittal is signed by a person other than the
 registered holder of any outstanding original notes, the
original notes must be endorsed or accompanied by appropriate
powers of attorney. The power of attorney must be signed by the
registered holder exactly as the registered holder(s) name(s)
appear(s) on the original notes and an eligible institution must
guarantee the signature on the power of attorney.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the letter of transmittal or any original notes or powers of
attorney are signed by trustees, executors, administrators,
guardians, attorneys-in-fact, officers of corporations or others
acting in a fiduciary or representative capacity, these persons
should so indicate when signing. Unless waived by us, they should
 also submit evidence satisfactory to us of their authority to so
 act. If you wish to tender original notes that are registered in
 the name of a broker, dealer, commercial bank, trust company or
other nominee, you should promptly instruct the registered holder
 to tender on your behalf.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you wish to tender on your behalf, you must, before completing
 the procedures for tendering original notes, either register
ownership of the original notes in your name or obtain a properly
 completed bond power from the registered holder. The transfer of
 registered ownership may take considerable time.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will determine in our sole discretion all questions as to the
validity, form, eligibility, including time of receipt, and
acceptance of original notes tendered for exchange. Our
determination will be final and binding on all parties. We
reserve the absolute right to reject any and all tenders of
original notes not properly tendered or original notes our
acceptance of which might, in the judgment of our counsel, be
unlawful. We also reserve the absolute right to waive any
defects, irregularities or conditions of tender as to any
particular original notes. Our interpretation of the terms and
conditions of the exchange offer, including the instructions in
the letter of transmittal, will be final and binding on all
parties. Unless waived, any defects or irregularities in
connection with tenders of original notes must be cured within
the time period we determine. Neither we, the exchange agent nor
any other person will incur any liability for failure to give you
 notification of defects or irregularities with respect to
tenders of your original notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By tendering, you will represent to us that, among other things:
<P>

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	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the new notes acquired in the exchange offer are being acquired
	in the ordinary course of business of the person receiving the
	new&nbsp;notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	neither you nor any other person receiving your new notes has any
	 arrangement or understanding with any person to participate in
	the distribution of the new notes;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	neither you nor any other person receiving your new notes is our
	&#147;affiliate,&#148; as defined under Rule&nbsp;405 of the
	Securities&nbsp;Act.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you or the person receiving your new note is our
&#147;affiliate,&#148; as defined under Rule&nbsp;405 of the
Securities Act, or is participating in the exchange offer for the
 purpose of distributing the new notes, you or that other person
(1)&nbsp;cannot rely on the applicable interpretations of the
staff of the SEC and (2)&nbsp;must comply with the registration
and prospectus delivery requirements of the Securities Act in any
 resale transaction.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you are a broker-dealer and you will receive new notes for
your own account in exchange for old notes, where such old notes
were acquired as a result of market-making activities or other
trading activities, you must acknowledge that you will deliver a
prospectus in connection with any resale of the new&nbsp;notes.

<P align="left"><B>Acceptance of Original Notes for Exchange; Delivery of New
Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon satisfaction of all conditions to the exchange offer, we
will accept, promptly after the expiration date, all original
notes properly tendered and will issue the new notes promptly
after acceptance of the original notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For purposes of the exchange offer, we shall be deemed to have
accepted properly tendered original notes for exchange when, as
and if we have given oral or written notice of that acceptance to
 the exchange

<P align="center">10

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<DIV align="left">
agent. For each original note accepted for exchange, you will
receive a new note having a principal amount equal to that of the
 surrendered original note.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In all cases, we will issue new notes for original notes that we
have accepted for exchange under the exchange offer only after
the exchange agent timely receives (1)&nbsp;certificates for your
 original notes or a timely confirmation of book-entry transfer
of your original notes into the exchange agent&#146;s account at
DTC and (2)&nbsp;a properly completed and duly executed letter of
 transmittal and all other required documents or a properly
transmitted agent&#146;s message. If we do not accept any
tendered original notes for any reason set forth in the terms of
the exchange offer or if you submit original notes for a greater
principal amount than you desire to exchange, we will return the
unaccepted or non-exchanged original notes without expense to
you. In the case of original notes tendered by book-entry
transfer into the exchange agent&#146;s account at DTC under the
book-entry procedures described below, we will credit the
non-exchanged original notes to your account maintained
with&nbsp;DTC.

<P align="left"><B>Book-Entry Transfer</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We understand that the exchange agent will make a request within
two business days after the date of this prospectus to establish
accounts for the original notes at DTC for the purpose of
facilitating the exchange offer, and any financial institution
that is a participant in DTC&#146;s system may make book-entry
delivery of original notes by causing DTC to transfer the
original notes into the exchange agent&#146;s account at DTC in
accordance with DTC&#146;s procedures for transfer. Although
delivery of original notes may be effected through book-entry
transfer at DTC, the exchange agent must receive a properly
completed and duly executed letter of transmittal with any
required signature guarantees, or an agent&#146;s message instead
 of a letter of transmittal, and all other required documents at
its address listed below under &#147;Exchange Agent&#148; on or
before the expiration date, or if you comply with the guaranteed
delivery procedures described below, within the time period
provided under those procedures.

<P align="left"><B>Guaranteed Delivery Procedures</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you wish to tender your original notes and your original notes
 are not immediately available, or you cannot deliver your
original notes, the letter of transmittal or any other required
documents or comply with DTC&#146;s procedures for transfer
before the expiration date, then you may participate in the
exchange offer&nbsp;if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; the tender is made through an eligible institution;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; before the expiration date, the exchange agent receives
	 from the eligible institution a properly completed and duly
	executed notice of guaranteed delivery, substantially in the form
	 provided by us, by facsimile transmission, mail or hand
	delivery, containing (a)&nbsp;the name and address of the holder
	and the principal amount of original notes tendered, (b)&nbsp;a
	statement that the tender is being made thereby and (c)&nbsp;a
	guarantee that within three New&nbsp;York Stock Exchange trading
	days after the expiration date, the certificates representing the
	 original notes in proper form for transfer or a book-entry
	confirmation and any other documents required by the letter of
	transmittal will be deposited by the eligible institution with
	the exchange agent;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; the exchange agent receives the properly completed and
	executed letter of transmittal as well as certificates
	representing all tendered original notes in proper form for
	transfer, or a book-entry confirmation, and all other documents
	required by the letter of transmittal within three New&nbsp;York
	Stock Exchange trading days after the expiration date.</TD>
</TR>

</TABLE>

<P align="center">11

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<P align="left"><B>Withdrawal Rights</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may withdraw your tender of original notes at any time before
 the expiration date of the exchange offer. For a withdrawal to
be effective, the exchange agent must receive a written notice of
 withdrawal at its address listed below under &#147;Exchange
Agent.&#148; The notice of withdrawal must:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	specify the name of the person who tendered the original notes to
	 be withdrawn;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	identify the original notes to be withdrawn, including the
	principal amount, or, in the case of original notes tendered by
	book-entry transfer, the name and number of the DTC account to be
	 credited, and otherwise comply with the procedures of
	DTC;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if certificates for original notes have been transmitted, specify
	 the name in which those original notes are registered if
	different from that of the withdrawing holder.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you have delivered or otherwise identified to the exchange
agent the certificates for original notes, then, before the
release of such certificates, you must also submit the serial
numbers of the particular certificates to be withdrawn and a
signed notice of withdrawal with signatures guaranteed by an
eligible institution, unless the holder is an eligible
institution.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will determine in our sole discretion all questions as to the
validity, form and eligibility, including time of receipt, of
notices of withdrawal. Our determination will be final and
binding on all parties. Any original notes so withdrawn will be
deemed not to have been validly tendered for purposes of the
exchange offer. We will return any original notes that have been
tendered but that are not exchanged for any reason to the holder,
 without cost, as soon as practicable after withdrawal, rejection
 of tender or termination of the exchange offer. In the case of
original notes tendered by book-entry transfer into the exchange
agent&#146;s account at DTC, the original notes will be credited
to an account maintained with DTC for the original notes. You may
 retender properly withdrawn original notes by following one of
the procedures described under &#147;Procedures for Tendering
Original Notes&#148; at any time on or before the expiration
date.

<P align="left"><B>Conditions</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding any other term of the exchange offer, we will not
 be required to accept for exchange, or exchange new notes for,
any original notes&nbsp;if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; any action or proceeding is instituted or threatened in
	 any court or by or before any governmental agency with respect
	to the exchange offer which, in our judgment, would reasonably be
	 expected to impair our ability to proceed with the exchange
	offer;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; the exchange offer, or the making of any exchange by a
	holder of original notes, would violate any applicable law or
	applicable interpretation by the staff of the&nbsp;SEC.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The conditions listed above are for our sole benefit and we may
assert them regardless of the circumstances giving rise to any
condition. We may waive these conditions in our discretion in
whole or in part at any time and from time to time. If we fail at
 any time to exercise any of the above rights, the failure will
not be deemed a waiver of those rights, and those rights will be
deemed ongoing rights which may be asserted at any time and from
time to&nbsp;time.

<P align="center">12

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<P align="left"><B>Exchange Agent</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Bank One Trust Company, National Association is the exchange
agent for the exchange offer. You should direct any questions and
 requests for assistance and requests for additional copies of
this prospectus, the letter of transmittal or the notice of
guaranteed delivery to the exchange agent addressed as follows:

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>By Hand, Overnight Mail,</B></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Courier or Telegram:</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>By Mail:</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	One North State Street, 9th&nbsp;Floor<BR>
	Chicago, IL 60602</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	1&nbsp;Bank One Plaza, Mail Suite&nbsp;IL&nbsp;1-0122<BR>
	Chicago, IL 60670-0122</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14 Wall Street, 8th&nbsp;Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14 Wall Street, 8th&nbsp;Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">
For information call:

<DIV align="center">
(800)&nbsp;524-9472
</DIV>

<P align="center">
Facsimile Transmission:

<DIV align="center">
(312)&nbsp;407-8853
</DIV>

<P align="center">
E-mail:

<DIV align="center">
bondholders@em.fcnbd.com
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delivery of the letter of transmittal to an address other than as
 listed above or transmission via facsimile other than as listed
above will not constitute a valid delivery of the letter of
transmittal.

<P align="left"><B>Fees and Expenses</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will pay the expenses of the exchange offer. We will not make
any payments to brokers, dealers or others soliciting acceptances
 of the exchange offer. We are making the principal solicitation
by mail; however, our officers and employees may make additional
solicitations by facsimile transmission, e-mail, telephone or in
person. You will not be charged a service fee for the exchange of
 your notes, but we may require you to pay any transfer or
similar government taxes in certain circumstances.

<P align="left"><B>Transfer Taxes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You will not be obligated to pay any transfer taxes, unless you
instruct us to register new notes in the name of, or request that
 original notes not tendered or not accepted in the exchange
offer be returned to, a person other than the registered
tendering holder.

<P align="left"><B>Consequences of Failure to Exchange Original Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you are eligible to participate in the exchange offer but do
not tender your original notes, you will not have any further
registration rights. Your original notes will continue to be
subject to restrictions on transfer. Accordingly, you may resell
the original notes that are not exchanged only:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	to us;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	so long as the original notes are eligible for resale under
	Rule&nbsp;144A under the Securities Act, to a person whom you
	reasonably believe is a &#147;qualified institutional buyer&#148;
	 within the meaning of Rule&nbsp;144A purchasing for its own
	account or for the account of a qualified institutional buyer in
	a transaction meeting the requirements of Rule&nbsp;144A;</TD>
</TR>

</TABLE>

<P align="center">13
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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	in accordance with Rule&nbsp;144 under the Securities Act or
	another exemption from the registration requirements of the
	Securities Act;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	to an institutional accredited investor (as defined in
	Rule&nbsp;501(a)(1), (2), (3) or (7) under the Securities Act)
	that is acquiring the notes for its own account or for the
	account of an institutional accredited investor for investment
	purposes and not with a view to, or for offer or sale in
	connection with, any distribution in violation of the Securities
	Act;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	under any effective registration statement under the Securities
	Act;</TD>
</TR>

</TABLE>

<P align="left">
in each case in accordance with all other applicable securities
laws. We do not intend to register the original notes under the
Securities Act.

<!-- link1 "DESCRIPTION OF THE NEW NOTES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center"><B>DESCRIPTION OF THE NEW NOTES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You can find the definitions of some terms used in this
description under the caption &#147;Certain Definitions.&#148;
Unless otherwise stated or the context otherwise requires,
references in this section to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the terms &#147;9&nbsp;1/2%&nbsp;Notes&#148; or &#147;notes&#148;
	 are references to the original notes and new notes,
	collectively;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the &#147;indenture&#148; are references to the indenture dated
	as of October&nbsp;24, 1995, as supplemented by the indenture
	supplement dated as of August&nbsp;27, 1997, the indenture
	supplement dated as of March&nbsp;20, 1998, the indenture
	supplement dated as of January&nbsp;31, 1999, and the indenture
	supplement dated as of April&nbsp;3, 2000, between us, as issuer,
	 the subsidiary Guarantors named therein and Bank One Trust
	Company, National Association, as&nbsp;trustee.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will issue the new notes under the indenture. A copy of the
indenture and each supplemental indenture have been filed as
exhibits to, or incorporated by reference into, the registration
statement which includes this prospectus. The terms of the new
notes include those stated in the indenture and those made part
of the indenture by reference to the Trust indenture Act. Section
 references below are to the sections in the indenture.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following description of the material provisions of the
indenture is only a summary. We urge you to read the indenture
because it, and not this description, defines your rights as
holders of the new notes.

<P align="left"><B>General</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture does not limit the amount of debt securities we may
 issue. We may issue additional debt securities under the
indenture in one or more series, from time to time. As used in
this section, references to &#147;debt securities&#148; mean debt
 securities issued under the indenture. The original notes and
new notes will vote together as a single class for purposes of
determining whether holders of the requisite percentage in
principal amount of that series have taken actions or exercised
rights they are entitled to take or exercise under the indenture.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will be unsecured and unsubordinated obligations of
 Pulte and will rank equally and ratably with our other unsecured
 and unsubordinated Indebtedness.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will not be entitled to the benefit of any sinking
fund or other mandatory redemption provisions. The new notes are
not redeemable by us in whole or in part prior to maturity.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will be issued only in fully registered form
without coupons, in denominations of $1,000 and integral
multiples of $1,000. The new notes initially will be issued in
the form of global notes in book-entry form. The Depository Trust
 Company will act as the depositary for the global notes. We
expect that payments of principal, premium, if any, and interest
to owners of beneficial interests in global notes will be made in
 accordance with the procedures of DTC and its participants in
effect from time to&nbsp;time.

<P align="center">14

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If any interest payment date, redemption date or maturity date of
 any of the notes is not a business day at any place of payment,
then payment of principal, premium, if any, and interest need not
 be made at that place of payment on that date but may be made on
 the next succeeding business day at that place of payment, and
no interest will accrue on the amount payable for the period from
 and after that interest payment date, redemption date or
maturity date, as the case may&nbsp;be.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will not be required to (1)&nbsp;issue, register the transfer
of or exchange notes during the period beginning at the opening
of business 15&nbsp;days before any selection of notes to be
redeemed and ending at the close of business on the day of
mailing of the notice of redemption or (2)&nbsp;register the
transfer of or exchange any note, or portion thereof, called for
redemption, except the unredeemed portion of any note being
redeemed in&nbsp;part.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture does not limit the amount of Indebtedness that we
or our subsidiaries may issue. The indenture does not contain
covenants or other provisions designed to afford holders of the
notes protection in the event of a highly leveraged transaction,
change in credit rating or other similar occurrence.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
There has not been any public market for the original notes, and
we do not intend to list the new notes on any securities exchange
 or to seek their admission to trading on any automated quotation
 system. Accordingly, there can be no assurance as to the
development or liquidity of any trading market for the new notes.
 If a trading market does not develop or is not maintained, you
may experience difficulty in reselling new notes, or you may be
unable to sell them at all.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If a public trading market develops for the new notes, it may not
 be liquid and it may be discontinued at any time. Moreover,
future trading prices of the new notes would depend on many
factors, including, among others, prevailing interest rates, our
operating results and the market for similar securities.
Depending on prevailing interest rates, our financial condition,
the market for similar securities and other factors, the new
notes could trade at a discount from their principal amount.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that interests in the global notes will trade in
DTC&#146;s Same-Day Funds Settlement System and secondary market
trading activity in these interests will therefore be required by
 DTC to settle in immediately available funds.

<P align="left"><B>Maturity, Interest and Principal of the Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new notes will be limited in aggregate principal amount to
$175&nbsp;million and will mature on April&nbsp;1, 2003. Interest
 on the new notes will accrue at a rate of 9&nbsp;1/2%&nbsp;per
annum and will be payable semiannually in arrears on each October
 1 and April&nbsp;1, commencing October&nbsp;1, 2000, to holders
of record of the notes on the immediately preceding
September&nbsp;15 and March&nbsp;15. Interest will accrue from
April&nbsp;3, 2000, the date of issuance of the original notes,
or, if interest has already been paid, from the date it was most
recently paid. Interest will be computed on the basis of a
360-day year of twelve 30-day months.

<P align="left"><B>Guarantees</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Payment of principal of, premium, if any, and interest on the new
 notes will be guaranteed, jointly and severally, on a senior
basis by our wholly-owned homebuilding subsidiaries in the United
 States (the <I>&#147;Guarantees&#148;</I>). Each Guarantee will
be an unsecured senior obligation of the Guarantor issuing such
Guarantee, ranking equal in right of payment with all existing
and future Guarantor Senior Indebtedness.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture provides that, in the event any Guarantee would
constitute or result in a violation of any applicable fraudulent
conveyance or similar law of any relevant jurisdiction, the
liability of the Guarantor under such guarantee shall be reduced
to the maximum amount, after giving effect to all other
contingent and other liabilities of such Guarantor, permissible
under the applicable fraudulent conveyance or similar law.

<P align="center">15

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<P align="left"><B>Repurchase of the New Notes at the Option of the Holder</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the event of any Change in Control Triggering Event occurring
on or prior to maturity, each holder of the new notes will have
the right, at the holder&#146;s option, subject to the terms and
conditions of the indenture, to require us to purchase all or any
 part (provided that the principal amount is $1,000 or an
integral multiple thereof) of such holder&#146;s new notes on the
 date that is not less than 30&nbsp;nor more than
60&nbsp;business days after the occurrence of such Change in
Control Triggering Event (the &#147;Change in Control Purchase
Date&#148;) at a cash price equal to the principal amount thereof
 plus accrued interest to the Change in Control Purchase Date
(the &#147;Change in Control Purchase Price&#148;).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Within 15&nbsp;business days after the Change in Control
Triggering Event, we are obligated to mail to the trustee and to
all holders at their addresses shown in the securities register
(and to beneficial owners as required by applicable law) a notice
 regarding the Change in Control Triggering Event, which notice
shall state, among other things: (i)&nbsp;the date by which the
Change in Control Purchase Notice (as defined below) must be
given by such holder, (ii)&nbsp;the Change in Control Purchase
Price, (iii)&nbsp;the Change in Control Purchase Date,
(iv)&nbsp;the name and address of the trustee and of any other
office or agency maintained for the purpose of the surrender of
the new notes for purchase, (v)&nbsp;the procedures for
withdrawing a Change in Control Purchase Notice and (vi)&nbsp;the
 procedures that holders must follow to exercise these rights. We
 will cause a copy of such notice to be published in a daily
newspaper of national circulation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To exercise this right, the holder must deliver written notice
(a&nbsp;&#147;Change in Control Purchase Notice&#148;) to the
trustee or to any other office or agency maintained for such
purpose, of the exercise of such right prior to the close of
business on the business day immediately prior to the Change in
Control Purchase Date. The Change in Control Purchase Notice must
 state (i)&nbsp;the cusip number and the certificate number, if
applicable, of the new notes to be delivered by the holder for
purchase by us; (ii)&nbsp;the portion of the principal amount of
the new notes to be purchased, which portion must be $1,000 or an
 integral multiple thereof; and (iii)&nbsp;that such new notes
will be submitted for purchase by us on the Change in Control
Purchase Date pursuant to the applicable provisions of the new
notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any Change in Control Purchase Notice may be withdrawn by the
holder by a written notice of withdrawal delivered to the trustee
 or to any other office or agency maintained for such purpose on
the business day immediately prior to the Change in Control
Purchase Date. The notice of withdrawal shall state the principal
 amount of the new notes as to which the withdrawal notice
relates and the principal amount, if any, which remains subject
to the original Change in Control Purchase Notice.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Payment of the Change in Control Purchase Price for a note for
which a Change in Control Purchase Notice has been delivered and
not withdrawn is conditioned upon delivery of such note (together
 with any endorsements) to the trustee or to any other office or
agency maintained for such purpose, at any time (whether prior
to, on or after the Change in Control Purchase Date) after
delivery of such Change in Control Purchase Notice. Payment of
the Change in Control Purchase Price for such note will be made
promptly following the later of the Change in Control Purchase
Date or the time of delivery of such note. If we have deposited
with the trustee, in accordance with the indenture, money
sufficient to pay the Change in Control Purchase Price of such
note on the Change in Control Purchase Date, then, on and after
the Change in Control Purchase Date, such note shall cease to be
outstanding and interest on such note will cease to accrue,
whether or not such note is delivered to the trustee or to any
other office or agency maintained for such purpose, and all other
 rights of the holder shall terminate (other than the right to
receive the Change in Control Purchase Price upon delivery of the
 note). In accordance with the indenture, no note may be
purchased pursuant to a Change in Control Triggering Event if
there has occurred and is continuing an Event of Default
described below under &#147;Events of Default&#148; (other than a
 default in the payment of the Change in Control Purchase Price
with respect to such new notes).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We shall make all filings required under and comply with all
federal and state securities laws regulating the purchase of new
notes at the option of holders upon a Change in Control
Triggering Event, including, if applicable, Section&nbsp;14(e) of
 the Exchange Act and Rule&nbsp;14e-1 promulgated thereunder and
any other applicable tender offer rules.

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Change in Control Triggering Event purchase feature of the
new notes may in certain circumstances make it more difficult or
discourage a change of control transaction or the removal of
incumbent management. If such a Change in Control Triggering
Event were to occur, there can be no assurance that we would have
 sufficient funds to pay the Change in Control Purchase Price for
 all new notes tendered by the holders thereof. A default by us
on our obligation to pay the Change in Control Purchase Price
could result in acceleration of the payment of our other
Indebtedness at the time outstanding.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Change in Control&#148; means, with regard to us, the
occurrence of (i)&nbsp;any consolidation, share exchange or
merger in which we are not the continuing or surviving
corporation or pursuant to which our voting stock would be
converted into cash, securities or other property, other than, in
 any case, a merger in which the holders of our voting stock
immediately prior to the merger have the same or greater
proportionate ownership directly or indirectly, of the voting
stock of the surviving corporation immediately after the merger
as they had of our voting stock immediately before the merger, or
 (ii)&nbsp;any person, including our affiliates (other than
Pulte, our Restricted Subsidiaries, our or our subsidiaries&#146;
 employee stock ownership plans or employee benefit plans, or a
Permitted Holder) filing a Schedule&nbsp;13D or 14D-1 (or any
successor schedule, form or report under the Exchange Act)
disclosing that such person has become the beneficial owner of
50% or more of our voting stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In view of such definition, a Change in Control will not occur,
and a Change in Control Triggering Event will not arise in
connection with, among other things, any Permitted Holder
becoming the beneficial owner of 50% or more of our voting stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Change in Control Triggering Event&#148; means the
occurrence of both a Change in Control and Rating Decline.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Investment Grade&#148; means a rating of BBB- or higher by
S&#38;P and Baa3 or higher by Moody&#146;s or the equivalent of
such ratings by S&#38;P or Moody&#146;s.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Moody&#146;s&#148; means Moody&#146;s Investors
Services,&nbsp;Inc. and its successors.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Permitted Holder&#148; means (i)&nbsp;William&nbsp;J.
Pulte, (ii)&nbsp;any of his respective affiliates, parents,
spouses, descendants, and spouses of descendants, or
(iii)&nbsp;any trusts or other entities controlled by
Mr.&nbsp;Pulte or his estate, heirs, executors, administrators or
 personal representatives.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Rating Agency&#148; means (i)&nbsp;S&#38;P,
(ii)&nbsp;Moody&#146;s, or (iii)&nbsp;if S&#38;P or Moody&#146;s
or both shall not make a rating of the new notes publicly
available, a nationally recognized securities rating agency or
agencies, as the case may be, selected by Pulte, which shall be
substituted for S&#38;P or Moody&#146;s or both, as the case may
be.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Rating Category&#148; means (i)&nbsp;with respect to
S&#38;P, any of the following categories: BB, B, CCC, CC, C and D
 (or equivalent successor categories), (ii)&nbsp;with respect to
Moody&#146;s, any of the following categories: Ba, B, Caa, Ca, C
and D (or equivalent successor categories), and (iii)&nbsp;the
equivalent of any such category of S&#38;P or Moody&#146;s used
by another Rating Agency. In determining whether the rating of
the new notes has decreased by one or more gradations, gradations
 within Rating Categories (+ and&nbsp;&#151; for S&#38;P;&nbsp;1,
 2 and 3 for Moody&#146;s; or the equivalent gradations for
another Rating Agency) shall be taken into account (e.g., with
respect to S&#38;P, a decline in rating from BB+ to BB will
constitute a decrease of one gradation).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Rating Date&#148; means the date which is 30&nbsp;days
prior to the earliest of (i)&nbsp;a Change in Control,
(ii)&nbsp;public notice of the occurrence of a Change in Control
and (iii)&nbsp;public notice of the intention by Pulte to effect
a Change in Control.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Rating Decline&#148; means the occurrence on or within
30&nbsp;days after the earlier of the date of public notice of
the occurrence of a Change in Control or the public announcement
of the intention by Pulte to effect a Change in Control (which
period shall be extended so long as the rating of the new notes
is under publicly announced consideration for possible downgrade
by any of the Rating Agencies) of: (a)&nbsp;in the event the new
notes are rated by either Moody&#146;s or S&#38;P on the Rating
Date as Investment Grade, the

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<DIV align="left">
rating of the new notes by both such Rating Agencies below
Investment Grade, or (b)&nbsp;in the event the new notes are
rated below Investment Grade by both such Rating Agencies on the
Rating Date, the rating of the new notes by either Rating Agency
is decreased by one or more gradations (including gradations
within Rating Categories as well as between Rating Categories).
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;S&#38;P&#148; means Standard&nbsp;&#38; Poor&#146;s
Corporation and its successors.

<P align="left"><B>Certain Covenants</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Restrictions on Secured Debt.</I> The indenture provides that
we will not, and will not cause or permit a Restricted Subsidiary
 to, create, incur, assume or guarantee any Secured Debt unless
the new notes will be secured equally and ratably with (or prior
to) such Secured Debt, with certain exceptions. This restriction
does not prohibit the creation, incurrence, assumption or
guarantee of Secured Debt which is secured by:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; Security Interests on model homes, homes held for sale,
	 homes that are under contract for sale, contracts for the sale
	of homes, land (improved or unimproved), manufacturing plants,
	warehouses or office buildings and fixtures and equipment located
	 thereat, or thereon;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; Security Interests on property at the time of its
	acquisition by us or a Restricted Subsidiary, which Security
	Interests secure obligations assumed by us or a Restricted
	Subsidiary, or on the property of a corporation or other entity
	at the time it is merged into or consolidated with us or a
	Restricted Subsidiary (other than Secured Debt created in
	contemplation of the acquisition of such property or the
	consummation of such a merger or where the Security Interest
	attaches to or affects our property or the property of a
	Restricted Subsidiary prior to such transaction);</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; Security Interests arising from conditional sales
	agreements or title retention agreements with respect to property
	 acquired by us or a Restricted Subsidiary;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(4)&nbsp; Security Interests securing Indebtedness of a
	Restricted Subsidiary owing to us or to another Restricted
	Subsidiary that is wholly-owned (directly or indirectly) by us or
	 Security Interests securing our Indebtedness owing to a
	Guarantor.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Additionally, such permitted Secured Debt includes any amendment,
 restatement, supplement, renewal, replacement, extension or
refunding in whole or in part, of Secured Debt permitted at the
time of the original incurrence thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, we and our Restricted Subsidiaries may create,
incur, assume or guarantee Secured Debt, without equally and
ratably securing the new notes, if immediately thereafter the sum
 of (1)&nbsp;the aggregate principal amount of all Secured Debt
outstanding (excluding Secured Debt permitted under
clauses&nbsp;(1)&nbsp;through (4)&nbsp;above and any Secured Debt
 in relation to which the new notes have been equally and ratably
 secured) and (2)&nbsp;all Attributable Debt (as defined below)
in respect of Sale and Leaseback Transactions (as defined below)
(excluding Attributable Debt in respect of Sale and Leaseback
Transactions as to which the net proceeds of the property sold or
 transferred are applied to retire Indebtedness or to the
purchase of property as described under &#147;Restrictions on
Sale and Leaseback Transactions&#148;) as of the date of
determination would not exceed 20% of Consolidated Net Tangible
Assets (as defined below).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The provisions described above with respect to limitations on
Secured Debt are not applicable to Non-Recourse Land Financing
(as defined below) by virtue of the definition of Secured Debt,
and will not restrict or limit our or our Restricted
Subsidiaries&#146; ability to create, incur, assume or guarantee
any unsecured Indebtedness, or of any subsidiary which is not a
Restricted Subsidiary to create, incur, assume or guarantee any
secured or unsecured Indebtedness.

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Restrictions on Sale and Lease-back Transactions. </I>The
indenture provides that we will not, and will not permit any
Restricted Subsidiary to, enter into any Sale and Leaseback
Transaction, unless:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; notice is promptly given to the trustee of the Sale and
	 Leaseback Transaction;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; fair value is received by us or the relevant Restricted
	 Subsidiary for the property sold (as determined in good faith
	pursuant to a resolution of the Board of Directors of Pulte
	delivered to the trustee);&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; we or a Restricted Subsidiary, within 365&nbsp;days
	after the completion of the Sale and Leaseback Transaction,
	applies an amount equal to the net proceeds therefrom either:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="1%"></TD>
	<TD width="89%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	to the redemption, repayment or retirement of debt securities of
	any series under the indenture (including the cancellation by the
	 trustee of any debt securities of any series delivered by Pulte
	to the trustee), senior Indebtedness of Pulte or Guarantor Senior
	 Indebtedness,&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	to the purchase by us or any Restricted Subsidiary of property
	substantially similar to the property sold or transferred.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, we and our Restricted Subsidiaries may enter into a
Sale and Leaseback Transaction if immediately thereafter the sum
of (1)&nbsp;the aggregate principal amount of all Secured Debt
outstanding (excluding Secured Debt permitted under
clauses&nbsp;(1)&nbsp;through (4)&nbsp;described in
&#147;Restrictions on Secured Debt,&#148; above or Secured Debt
in relation to which the new notes have been equally and ratably
secured) and (2)&nbsp;all Attributable Debt in respect of Sale
and Leaseback Transactions (excluding Attributable Debt in
respect of Sale and Leaseback Transactions as to which the net
proceeds of the property sold or transferred are applied to
retire Indebtedness or to the purchase of property as described
in clause&nbsp;(2)&nbsp;above) as of the date of determination
would not exceed 20% of Consolidated Net Tangible Assets.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Other than the above-described covenants, there are no covenants
or provisions contained in the indenture which may afford holders
 of notes protection in the event of a highly leveraged
transaction involving Pulte.

<P align="left"><B>Certain Definitions</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Attributable Debt&#148; means, in respect of a Sale and
Leaseback Transaction, the present value (discounted at the
weighted average effective interest cost per annum of the
outstanding debt

<DIV align="left">
securities of all series, compounded semiannually) of the
obligation of the lessee for rental payments during the remaining
 term of the lease included in such transaction, including any
period for which such lease has been extended or may, at the
option of the lessor, be extended or, if earlier, until the
earliest date on which the lessee may terminate such lease upon
payment of a penalty (in which case the obligation of the lessee
for rental payments shall include such penalty), after excluding
all amounts required to be paid on account of maintenance and
repairs, insurance, taxes, assessments, water and utility rates
and similar charges.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Bank Credit Facility&#148; means, collectively, the
(i)&nbsp;Credit Agreement, dated as of January&nbsp;5, 1995, by
and among Pulte Corporation, Bank of America, N.A.
(successor-in-interest to Nationsbank, N.A.), as agent, Comerica
Bank and Bank One,&nbsp;NA (successor-in-interest to The First
National Bank of Chicago), as co-agents, and the other lenders
named therein, and (ii)&nbsp;364-Day Credit Agreement, dated as
of September&nbsp;15, 1999, by and among Pulte Corporation,
certain subsidiaries of Pulte Corporation named therein, Bank of
America, N.A., as administrative agent, Banc of America
Securities&nbsp;LLC, as sole lead arranger and sole book manager,
 Bank One,&nbsp;NA as syndication agent, and Guaranty Federal
Bank, F.S.B. as co-agent, and any related documents (including,
without limitation, any guarantees or security documents), as
such agreements (and such related documents) may be amended,
restated, supplemented, renewed, replaced or otherwise modified
from time to time, including any agreement extending the maturity
 of or refinancing or refunding all or any portion of the
Indebtedness or increasing the amount to

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<DIV align="left">
be borrowed under such agreements or any successor agreement,
whether or not by or among the same parties.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Consolidated Net Tangible Assets&#148; means the total
amount of assets which would be included on a combined balance
sheet of the Restricted Subsidiaries (not including Pulte)
together with the total amount of assets that would be included
on Pulte&#146;s balance sheet, not including its subsidiaries,
under generally accepted accounting principles (less applicable
reserves and other properly deductible items) after deducting
therefrom:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; all short-term liabilities, except for liabilities
	payable by their terms more than one year from the date of
	determination (or renewable or extendible at the option of the
	obligor for a period ending more than one year after such date)
	and liabilities in respect of retiree benefits other than
	pensions for which the Restricted Subsidiaries are required to
	accrue pursuant to Statement of Financial Accounting Standards
	No.&nbsp;106;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; investments in subsidiaries that are not Restricted
	Subsidiaries, including, without limitation, PMC;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; all goodwill, trade names, trademarks, patents,
	unamortized debt discount, unamortized expense incurred in the
	issuance of debt and other tangible assets.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Guarantor Senior Indebtedness&#148; means the principal of,
 premium on, if any, and interest on (including interest accruing
 after the filing of a petition initiating any proceeding
pursuant to any bankruptcy law, whether or not allowable as a
claim in such proceeding) and other amounts due on or in
connection with any Indebtedness of any Guarantor, whether
outstanding on the date of the indenture or thereafter created,
incurred or assumed, unless, in the case of any particular
Indebtedness, the instrument creating or evidencing the same or
pursuant to which the same is outstanding expressly provides that
 such Indebtedness shall not rank equal with the guarantees.
Without limiting the generality of the foregoing, &#147;Guarantor
 Senior Indebtedness&#148; shall include the principal of,
premium, if any, and interest (including interest accruing after
the filing of a petition initiating any proceeding pursuant to
any bankruptcy law, whether or not allowable as a claim in such
proceeding) on all obligations of every nature of any Guarantor
under the Bank Credit Facility, the indenture and any interest
rate or foreign exchange agreement now existing or hereinafter
entered into by any Guarantor with any lender under the Bank
Credit Facility, including, without limitation, all fees,
expenses (including fees and expenses of counsel), claims,
charges and indemnity obligations. Notwithstanding the foregoing,
 &#147;Guarantor Senior Indebtedness&#148; shall not include
(1)&nbsp;Indebtedness of any Guarantor that is expressly
subordinated in right of payment to such Guarantor&#146;s
guarantee, (2)&nbsp;Indebtedness of any Guarantor that by
operation of law is subordinate to any general unsecured
obligations of such Guarantor, (3)&nbsp;Indebtedness of any
Guarantor to the extent incurred in violation of the restrictions
 described under &#147;Restrictions on Secured Debt&#148; and
&#147;Restrictions on Sale and Lease-back Transactions,&#148;
(4)&nbsp;Indebtedness of any Guarantor to Pulte or any of its
subsidiaries, (6)&nbsp;any liability for federal, state, local or
 other taxes owed or owing by any Guarantor, and (vii)&nbsp;trade
 payables owed or owing by any Guarantor.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Indebtedness&#148; means (1)&nbsp;any liability of any
person (A)&nbsp;for borrowed money, or (B)&nbsp;evidenced by a
bond, note, debenture or similar instrument (including a purchase
 money obligation) given in connection with the acquisition of
any businesses, properties or assets of any kind (other than a
trade payable or a current liability arising in the ordinary
course of business), or (C)&nbsp;for the payment of money
relating to a Capitalized Lease Obligation or (D)&nbsp;for all
Redeemable Capital Stock valued at the greater of its voluntary
or involuntary liquidation preference plus accrued and unpaid
dividends; (2)&nbsp;any liability of others described in the
preceding clause&nbsp;(1)&nbsp;that such person has guaranteed or
 that is otherwise its legal liability; (3)&nbsp;all Indebtedness
 referred to in (but not excluded from) clauses&nbsp;(1)&nbsp;and
 (2)&nbsp;above of other persons and all dividends of other
persons, the payment of which is secured by (or for which the
holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Security Interest upon or in
property (including, without limitation, accounts and contract
rights) owned by such person, even though such person has not
assumed or become liable for the payment of such Indebtedness;
and

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<DIV align="left">
(4)&nbsp;any amendment, supplement, modification, deferral,
renewal, extension or refunding or any liability of the types
referred to in clauses&nbsp;(1), (2)&nbsp;and (3)&nbsp;above.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Non-Recourse Land Financing&#148; means any Indebtedness of
 Pulte or any Restricted Subsidiary for which the holder of such
Indebtedness has no recourse, directly or indirectly, to Pulte or
 such Restricted Subsidiary for the principal of, premium, if
any, and interest on such Indebtedness, and for which Pulte or
such Restricted Subsidiary is not, directly or indirectly,
obligated or otherwise liable for the principal of, premium, if
any, and interest on such Indebtedness, except pursuant to
mortgages, deeds of trust or other Security Interests or other
recourse, obligations or liabilities in respect of specific land
or other real property interests of ours or such Restricted
Subsidiary; provided that recourse, obligations or liabilities of
 ours or such Restricted Subsidiary solely for indemnities,
covenants or breach of warranty representation or covenant in
respect of any Indebtedness will not prevent Indebtedness from
being classified as Non-Recourse Land Financing.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Redeemable Capital Stock&#148; means any capital stock of
Pulte or any subsidiary that, either by its terms, by the terms
of any security into which it is convertible or exchangeable or
otherwise, (1)&nbsp;is or upon the happening of an event or
passage of time would be required to be redeemed on or prior to
the final stated maturity of the securities or (2)&nbsp;is
redeemable at the option of the holder thereof at any time prior
to such final stated maturity or (3)&nbsp;is convertible into or
exchangeable for debt securities at any time prior to such final
stated maturity.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Restricted Subsidiary&#148; means any Guarantor and any
other of our subsidiaries as of the date of the indenture and any
 successor to such Guarantor or subsidiary other than
(i)&nbsp;First Heights Bank, Pulte Financial
Companies,&nbsp;Inc., PMC, Pulte Diversified Companies,&nbsp;Inc.
 or North American Builders Indemnity Corporation and
(ii)&nbsp;any successor to any of the subsidiaries described in
clause&nbsp;(i).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Sale and Leaseback Transaction&#148; means a sale or
transfer made by us or a Restricted Subsidiary (except a sale or
transfer made to Pulte or another Restricted Subsidiary) of any
property which is either (a)&nbsp;a manufacturing facility,
office building or warehouse whose book value equals or exceeds
1% of Consolidated Net Tangible Assets as of the date of
determination or (b)&nbsp;another property (not including a model
 home) which exceeds 5% of Consolidated Net Tangible Assets as of
 the date of determination, if such sale or transfer is made with
 the agreement, commitment or intention of leasing such property
to Pulte or a Restricted Subsidiary.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Secured Debt&#148; means any Indebtedness which is secured
by (i)&nbsp;a Security Interest in any of our property or the
property of any Restricted Subsidiary or (ii)&nbsp;a Security
Interest in shares of stock owned directly or indirectly by us or
 a Restricted Subsidiary in a corporation or in equity interests
owned by us or a Restricted Subsidiary in a partnership or other
entity not organized as a corporation or in our rights or the
rights of a Restricted Subsidiary in respect of Indebtedness of a
 corporation, partnership or other entity in which we or a
Restricted Subsidiary has an equity interest; provided that
&#147;Secured Debt&#148; shall not include Non-Recourse Land
Financing that consists exclusively of &#147;land under
development,&#148; &#147;land held for future development&#148;
or &#147;improved lots and parcels,&#148; as such categories of
assets are determined in accordance with generally accepted
accounting principles. The securing in the foregoing manner of
any such Indebtedness which immediately prior thereto was not
Secured Debt shall be deemed to be the creation of Secured Debt
at the time security is given.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Security Interest&#148; means any mortgage, pledge, lien,
encumbrance or other security interest which secures the payment
or performance of an obligation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Senior Indebtedness&#148; means the principal of (and
premium, if any, on) and interest on (including interest accruing
 after the occurrence of an Event of Default or after the filing
of a petition initiating any proceeding pursuant to any
bankruptcy law whether or not such interest is an allowable claim
 in any such proceeding) and other amounts due on or in
connection with any of our Indebtedness, whether outstanding on
the date hereof or hereafter created, incurred or assumed,
including under the debt securities and the Bank Credit Facility,
 unless, in the case of any particular Indebtedness, the
instrument creating or evidencing the same or pursuant to which
the same is outstanding expressly provides that such

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<DIV align="left">
Indebtedness shall not be senior in right of payment to the debt
securities. Notwithstanding the foregoing, &#147;Senior
Indebtedness&#148; shall not include (1)&nbsp;our Indebtedness
that is expressly subordinated in right of payment to any of our
Senior Indebtedness, (2)&nbsp;our Indebtedness that by operation
of law is subordinate to any of our general unsecured
obligations, (3)&nbsp;our Indebtedness to any Subsidiary,
(4)&nbsp;Indebtedness incurred in violation of the restrictions
described under &#147;Restrictions on Secured Debt&#148; and
&#147;Restrictions on Sale and Lease-back Transactions,&#148;
(5)&nbsp;to the extent it might constitute Indebtedness, any
liability for federal, state or local taxes or other taxes, owed
or owing by us, and (6)&nbsp;to the extent it might constitute
Indebtedness, trade account payables owed or owing by us.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Significant Subsidiary&#148; means any Subsidiary
(i)&nbsp;whose revenues exceed 10% of our total revenues, in each
 case for the most recent fiscal year, or (ii)&nbsp;whose net
worth exceeds 10% of our total stockholders&#146; equity, in each
 case as of the end of the most recent fiscal year.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Subsidiary&#148; means any corporation of which at the time
 of determination by us, directly and/or indirectly through one
or more Subsidiaries, owns more than 50% of the shares of Voting
Stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;Voting Stock&#148; means any class or classes of capital
stock pursuant to which the holders thereof have the general
voting power under ordinary circumstances to elect at least a
majority of the board of directors, managers or trustees of any
person (irrespective of whether or not, at the time, stock of any
 other class or classes shall have, or might have, voting power
by reason of the happening of any contingency).

<P align="left"><B>Consolidation, Merger and Sale of Assets</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Neither we, the Guarantors nor the Restricted Subsidiaries will
consolidate or merge into or sell, assign, transfer or lease all
or substantially all of its assets to another person unless:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; the person is a corporation organized under the laws of
	 the United States of America or any state thereof;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; the person assumes by supplemental indenture all the
	obligations of Pulte or such Guarantor or Restricted Subsidiary,
	as the case may be, relating to the new notes, the guarantees and
	 the indenture, as the case may be, and shall also expressly
	assume by an amendment or supplement executed and delivered to
	the trustee, in form satisfactory to the trustee, all of our
	covenants and other obligations under the registration rights
	agreement;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; immediately after the transaction no Event of Default
	exists; provided that this clause&nbsp;(3)&nbsp;will not restrict
	 or be applicable to a merger, consolidation or liquidation of a
	Restricted Subsidiary or Guarantor with or into us or another
	subsidiary that is wholly-owned, directly or indirectly, by us
	that is, or concurrently with the completion of such merger,
	consolidation or liquidation becomes, a Guarantor or a Restricted
	 Subsidiary that is wholly-owned, directly or indirectly, by us.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon any such consolidation, merger, sale, assignment or
transfer, the successor corporation will be substituted for us or
 such Guarantor or Restricted Subsidiary (including any merger or
 consolidation described in the proviso at the end of the
immediately preceding sentence), as applicable, under the
indenture. The successor corporation may then exercise every
power and right of ours or such Guarantor or Restricted
Subsidiary under the indenture, and we or such Guarantor or
Restricted Subsidiary, as applicable, will be released from all
of our respective liabilities and obligations in respect of the
new notes and the indenture. If we or any Guarantor or Restricted
 Subsidiary leases all or substantially all of its assets, the
lessee corporation will be the successor to us or such Guarantor
or Restricted Subsidiary and may exercise every power and right
of ours or such Guarantor or Restricted Subsidiary, as the case
may be, under the indenture, but we or such Guarantor or
Restricted Subsidiary, as the case may be, will not be released
from our respective obligations to pay the principal of and
premium, if any, and interest, if any, on the new notes.

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<P align="left"><B>Events of Default</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An Event of Default with respect to the new notes is defined in
the indenture as being:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; default for 30&nbsp;days in the payment of any
	installment of interest on the new notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; default in the payment of any principal on the new
	notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; default or breach by us, the Guarantors or any
	Significant Subsidiary in the performance of any of the
	agreements in the indenture applicable to the new notes (other
	than a default or breach specifically dealt with elsewhere in the
	 indenture) which shall not have been remedied within a period of
	 60&nbsp;days after receipt of written notice by us from the
	trustee or by us and such trustee from the Holders of not less
	than 25% in principal amount of the new notes then outstanding;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(4)&nbsp; any default under an instrument evidencing or securing
	any of our Indebtedness or the indebtedness of any Guarantor or
	Restricted Subsidiary aggregating $10,000,000 or more in
	aggregate principal amount, resulting in the acceleration of such
	 Indebtedness, or due to the failure to pay such Indebtedness at
	maturity;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(5)&nbsp; any guarantee in respect of the new notes by a
	Guarantor that is a Significant Subsidiary shall for any reason
	cease to be, or be asserted in writing by any Guarantor thereof
	or us not to be, in full force and effect, and enforceable in
	accordance with its terms (other than by reason of the
	termination of the indenture or the release or discharge of any
	such guarantee in accordance with the terms of the indenture),
	provided, however, that if we or any Guarantor asserts in writing
	 that any such guarantee is not in full force and effect and
	enforceable in accordance with its terms, such assertion shall
	not constitute an Event of Default for purposes of this paragraph
	 (if (i)&nbsp;such written assertion is accompanied by an opinion
	 of counsel to the effect that, as a matter of law, the defect or
	 defects rendering such guarantee unenforceable can be remedied
	within 10&nbsp;days of the date of such assertion, (ii)&nbsp;we
	or such Guarantor delivers an officers&#146; certificate to the
	effect that we or such Guarantor represents that such defect or
	defects shall be so remedied within such 10-day period, and
	(iii)&nbsp;such defect or defects are in fact so remedied within
	such 10-day period);&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(6)&nbsp; certain events of bankruptcy, insolvency or
	reorganization involving us or any Significant Subsidiary.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture provides that if an Event of Default (other than a
Event of Default described in clause&nbsp;(6)&nbsp;above) shall
have occurred and be continuing, either the trustee or the
holders of at least 25% in aggregate principal amount of debt
securities issued under the indenture then outstanding may
declare the principal amount of all the debt securities and
interest, if any, accrued thereon to be due and payable
immediately, but upon certain conditions such declaration may be
annulled and past defaults (except, unless cured, a default in
payment of principal of or interest on debt securities of that
series) may be waived by the holders of a majority in principal
amount of the debt securities of that series then outstanding. If
 an Event of Default described in clause&nbsp;(6)&nbsp;above
occurs and is continuing, then the principal amount of all the
debt securities shall become and be immediately due and payable
without any declaration or other act on the part of the trustee
or any holder.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture contains a provision entitling the trustee, subject
 to the duty of the trustee during default to act with the
required standard of care, to be indemnified by the holders of
the new notes before proceeding to exercise any right or power
under the indenture at the request of the holders of the new
notes. The indenture also provides that the holders of a majority
 in principal amount of the new notes may direct the time, method
 and place of conducting any proceeding for any remedy available
to the trustee, or exercising any trust or power conferred on
such trustee.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No holder of new notes will have any right to institute any
proceeding with respect to the indenture or for any remedy
thereunder, unless: (1)&nbsp;the holder shall have previously
given the trustee written notice of an Event of Default with
respect to the new notes, (2)&nbsp;the holders of at least 25% in
 aggregate principal amount of the new notes shall have made
written request, and offered reasonable indemnity, to the trustee

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<DIV align="left">
to institute such proceeding as trustee, (3)&nbsp;the trustee
shall have failed to institute any such proceeding for
60&nbsp;days after its receipt of such notice and (4)&nbsp;no
direction inconsistent with such written request has been given
to the trustee during the 60-day period by the holders of a
majority in principal amount of the outstanding debt securities
under the indenture. However, any right of a holder of new notes
to receive payment of the principal of and any interest on the
new notes on or after the dates expressed in the new notes and to
 institute suit for the enforcement of any such payment on or
after such dates shall not be impaired or affected without the
consent of such holder.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture contains a covenant that Pulte will file annually
with the trustee a certificate as to the absence of any default
or specifying any default that exists.

<P align="left"><B>Modification and Waiver</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We and the trustee, with the consent of the holders of at least a
 majority of the principal amount of the new notes, may execute
supplemental indentures adding any provisions to or changing or
eliminating any of the provisions of the indenture or modifying
the rights of the holders of the new notes, except that no such
supplemental indenture may, without the consent of the holder of
each outstanding security affected by the supplemental indenture,
 among other things:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; extend the final maturity of the new notes, or reduce
	the rate or extend the time of payment of interest on the new
	notes, or reduce the principal amount of the new notes, or impair
	 the right to institute suit for payment of the new notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; reduce the percentage of debt securities, the consent
	of the holders of which is required for any such supplemental
	indenture, for any waiver of compliance with certain provisions
	of the indenture or certain defaults under the indenture and
	their consequences provided in the indenture;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; modify any of the provisions regarding the modification
	 of the indenture, waivers of past defaults and waivers of
	certain covenants, except to increase any percentage or to
	provide that certain other provisions of the indenture cannot be
	modified or waived without the consent of the holder of each
	outstanding security affected thereby.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our Board of Directors does not have the power to waive any of
the covenants of the indentures including those relating to
consolidation, merger or sale of assets.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We and the trustee may modify or amend provisions of the
indenture without the consent of any holder for any of the
following purposes:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; to evidence the succession of another person to us or
	any Guarantor under the indenture and the new notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; to add to our covenants or the covenants of any
	Guarantor for the benefit of the holders of the new notes or to
	surrender any right or power conferred upon us or such Guarantor
	by the indenture;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; to add Events of Default for the benefit of the holders
	 of the new notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(4)&nbsp; to change or eliminate any provisions of the indenture,
	 provided that any such change or elimination shall become
	effective only when there are no outstanding new notes;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(5)&nbsp; to secure any debt securities under the indenture;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(6)&nbsp; to establish the form or terms of the debt securities
	of any series;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(7)&nbsp; to add Guarantors;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(8)&nbsp; to provide for the acceptance of appointment by a
	successor trustee or facilitate the administration of the trusts
	under the indenture by more than one trustee;</TD>
</TR>

</TABLE>

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(9)&nbsp; to close the indenture to authentication and delivery
	of additional series of debt securities, and to cure any
	ambiguity, defect or inconsistency in the indenture, provided
	such action does not adversely affect the interests of holders of
	 the new notes;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(10)&nbsp; to supplement any of the provisions of the indentures
	to the extent necessary to permit or facilitate defeasance and
	discharge of the new notes, provided that such action shall not
	adversely affect the interests of the holders of the new notes in
	 any material respect.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The holders of at least a majority in principal amount of the
outstanding debt securities may, on behalf of the holders of all
debt securities, waive any past default under the indenture.
However, they may not waive a default (1)&nbsp;in the payment of
the principal of (or premium, if any) or any interest on any debt
 security or (2)&nbsp;in respect of a covenant or provision which
 under the indenture cannot be modified or amended without the
consent of the holder of each outstanding debt security affected.

<P align="left"><B>Defeasance Provisions</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Defeasance and Discharge. </I>The indenture provides that we
will be discharged from any and all obligations in respect of the
 debt securities of that series (except for certain obligations
to register the transfer or exchange of debt securities, replace
stolen, lost, destroyed or mutilated debt securities, maintain
offices or agencies and hold moneys for payment in trust) upon
the deposit with the trustee, in trust, of money, government
obligations or a combination thereof, which through the payment
of interest and principal thereof in accordance with their terms
will provide money in an amount sufficient to pay the principal
of (and premium, if any) and interest on, and any mandatory
sinking fund payments in respect of, the debt securities of that
series on the stated maturity date of the payments in accordance
with the terms of the indenture and the debt securities. This
type of discharge may only occur if there has been a change in
applicable federal law or we have received from, or there has
been published by, the United States Internal Revenue Service a
ruling to the effect that the holders of the debt securities of
that series will not recognize income, gain or loss for federal
income tax purposes as a result of that discharge and will be
subject to federal income tax on the same amount, in the same
manner and at the same times as would have been the case if the
discharge had not occurred. In addition, this type of discharge
may only occur so long as no Event of Default or event which,
with notice or lapse of time, would become an Event of Default
with respect to the debt securities of that series has occurred
and being continuing on the date of deposit of cash and/or
government securities are deposited in trust in trust and other
conditions specified in the indenture are satisfied. The term
&#147;government obligations&#148; means securities of the
government which issued the currency in which the debt securities
 of the series are denominated or in which interest is payable or
 of government agencies backed by the full faith and credit of
that government.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Defeasance of Certain Covenants.</I> The indenture also
provides that we may omit to comply with the covenants described
above under &#147;Certain Covenants&#148; and
&#147;Consolidation, Merger and Sale of Assets&#148; with respect
 to the debt securities of that series if we comply with the
following conditions. In order to exercise this option, we will
be required to deposit with the trustee money, government
obligations or a combination thereof, which through the payment
of interest and principal thereof in accordance with their terms
will provide money in an amount sufficient to pay the principal
of (and premium, if any) and interest on, and any mandatory
sinking fund payments in respect of, the debt securities of that
series on the stated maturity date of the payments in accordance
with the terms of the indenture and the debt securities. We will
also be required to deliver to the trustee an opinion of counsel
to the effect that the deposit and related covenant defeasance
will not cause the holders of the debt securities of that series
to recognize income, gain or loss for federal income tax purposes
 and that those holders will be subject to federal income tax on
the same amount, in the same manner and at the same times as
would have been the case if the deposit and covenant defeasance
had not occurred, and to satisfy other conditions specified in
the indenture.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Covenant Defeasance and Events of Default.</I> In the event we
 exercise our option to effect covenant defeasance with respect
to the debt securities of any series and those debt securities
are declared due and payable because of the occurrence of any
Event of Default, the amount of money and government

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<DIV align="left">
obligations on deposit with the trustee will be sufficient to pay
 amounts due on the debt securities of that series at the time of
 their stated maturity dates but may not be sufficient to pay
amounts due on the debt securities at the time of the
acceleration resulting from such Event of Default. However, we
shall remain liable for such payments.
</DIV>

<P align="left"><B>Regarding the trustee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Bank One Trust Company, National Association
(successor-in-interest to the First National Bank of Chicago) is
trustee under the indenture, pursuant to which certain of our
debt securities are outstanding and pursuant to which the new
notes are to be issued. Bank&nbsp;One Trust Company, National
Association maintains normal banking relationships with us (and
is an affiliate of Bank&nbsp;One,&nbsp;NA, which participates in
and acts as co-agent in our Bank Credit Facility and provides
cash management and other services for us in the normal course of
 our business).

<P align="left"><B>Global Notes and Book-Entry System</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Senior notes initially sold to qualified institutional buyers
will be in book-entry form and will be represented by one or more
 permanent global certificates in fully registered form without
interest coupons and will be deposited with the trustee as
custodian for DTC and registered in the name of
Cede&nbsp;&#38;&nbsp;Co. or another nominee designated by DTC.
Beneficial interests in the global note may not be exchanged for
certificated notes except in the circumstances described below.
The global note (and any new notes issued in exchange therefor)
will be subject to certain restrictions on transfer set forth in
the indenture and will bear the legend regarding such
restrictions set forth under the heading &#147;Notice to
Investors.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Senior notes that are originally purchased by institutional
accredited investors will be in certificated form without
interest coupons. Upon the transfer of certificated notes to a
qualified institutional buyer, the certificated notes will,
unless the global note has previously been exchanged in whole for
 certificated notes, be exchanged for an interest in the global
note. The certificated notes will be subject to certain
restrictions on transfer set forth in the indenture and will bear
 the legend regarding such restrictions set forth under the
heading &#147;Notice to Investors.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
DTC has advised us that it is a limited purpose trust company
organized under the New&nbsp;York Banking Law, a &#147;banking
organization&#148; within the meaning of the New&nbsp;York
Banking Law, a member of the Federal Reserve System, a
&#147;clearing corporation&#148; within the meaning of the
Uniform Commercial Code and a &#147;clearing agency&#148;
registered pursuant to the provisions of Section&nbsp;17A of the
Securities Exchange Act. DTC holds securities for its
participants and facilitates the clearance and settlement of
securities transactions between participants through electronic
book-entry changes in accounts of its participants, which
eliminates the need for physical movement of certificates.
Participants include securities brokers and dealers, banks, trust
 companies, clearing corporations and certain other
organizations. Indirect access to the DTC system is available to
others such as banks, brokers, dealers and trust companies that
clear through or maintain a direct or indirect custodial
relationship with a participant (&#147;indirect
participants&#148;). The rules applicable to DTC and its
participants are on file with the SEC.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the issuance of the global note, DTC or its custodian will
credit, on its internal system, the respective principal amount
of the individual beneficial interests represented by the global
note to the accounts of the persons who have accounts with DTC.
Such accounts initially will be designated by or on behalf of the
 initial purchasers. Ownership of beneficial interests in the
global note will be limited to persons who have accounts with DTC
 (&#147;participants&#148;) or persons who hold interests through
 participants. Ownership of beneficial interests in the global
note will be shown on, and the transfer of that ownership will be
 effected only through, records maintained by DTC or its nominee
(with respect to interests of participants) and the records of
participants and indirect participants (with respect to interests
 of persons other than participants).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
So long as DTC or its nominee is the registered owner or holder
of the global note, DTC or such nominee, as the case may be, will
 be considered the sole record owner or holder of the new notes
represented by the global note for all purposes under the
indenture and the new notes. Except as set forth

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<DIV align="left">
herein, owners of beneficial interests in the global note will
not be entitled to have new notes represented by the global note
registered in their names, will not receive or be entitled to
receive physical delivery of new notes in definitive certificated
 form, and will not be considered holders of the new notes for
any purposes under the indenture. Accordingly, each person owning
 a beneficial interest in the global note must rely on the
procedures of DTC and, if such person is not a participant, on
the procedures of the participant through which such person
directly or indirectly owns its interest, to exercise any rights
of a holder under the indenture. We understand that under
existing industry practices, if we request any action of holders
or any owner of a beneficial interest in the global note desires
to give any notice or take any action that a holder is entitled
to give or take under the indenture, DTC would authorize the
participants holding the relevant beneficial interests to give
such notice to take such action, and such participants would
authorize beneficial owners owning through such participants to
give such notice or take such action or would otherwise act upon
the instructions of beneficial owners owning through them.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Payments of the principal of, premium, if any, and interest on
the global note will be made to DTC or its nominee, as the case
may be, as the registered owner. Neither we, the trustee nor any
paying agent will have any responsibility or liability for any
aspect of the records relating to or payments made on account of
beneficial ownership interests in the global note or for
maintaining, supervising or reviewing any records relating to
such beneficial ownership interests.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that DTC or its nominee, upon receipt of any payment of
 principal of, premium, if any, or interest in respect of the
global note will credit participants&#146; accounts with payments
 in amounts proportionate to their respective beneficial
ownership interests in the principal amount of the global note,
as shown on the records of DTC or its nominee. We also expect
that payments by participants to owners of beneficial interests
in the global note held through such participants will be
governed by standing instructions and customary practices, as is
now the case with securities held for the accounts of customers
registered in the names of nominees for such customers. The
participants will be responsible for such payments.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the case of a transfer of a certificated new note to an
institutional accredited investor, the transferor will be
required to deliver to the trustee a letter from the transferee
substantially in the form of Annex&nbsp;A hereto, which shall
provide, among other things, that the transferee is an
institutional accredited investor that is acquiring such new
notes for investment purposes and not with a view to, or for
offer or sale in connection with any distribution in violation of
 the Securities Act.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The indenture provides that, if the Depositary notifies us that
it is unwilling or unable to continue as Depositary for the
global notes or if at any time the Depositary ceases to be a
clearing agency registered under the Exchange Act and we do not
appoint a successor depositary within ninety days, or if there
shall have occurred and be continuing an Event of Default or an
event which, with the giving of notice or lapse of time, or both,
 would constitute an Event of Default with respect to the new
notes, then we will issue certificated notes in exchange for the
global note. In addition, we may at any time and in our sole
discretion determine not to have the new notes represented by a
global note and, in such event, will issue certificated notes in
exchange for the global note. In any such instance, an owner of a
 beneficial interest in a global note will be entitled to
physical delivery of certificated notes equal in principal amount
 to its beneficial interest and to have the certificated notes
registered in its name. We expect that instructions for
registering the certificated notes would be based upon directions
 received from the Depositary with respect to ownership of the
beneficial interests in the global note. Any certificated notes
issued in exchange for an interest in a global note will be
subject to the restrictions on transfer and will bear the legend
described below under &#147;Notice to Investors&#148; unless the
legend has been removed from the global note.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Although DTC has agreed to the procedures described above in
order to facilitate transfers of interests in the global note
among participants of DTC, it is under no obligation to perform
such procedures and such procedures may be discontinued at any
time. Neither we nor the trustee will have any responsibility for
 the performance by DTC or its participants or indirect
participants of their respective obligations under the rules and
procedures governing their operations.

<P align="center">27

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
According to DTC, the foregoing information with respect to DTC
has been provided by it for informational purposes only and is
not intended to serve as a representation, warranty, or contract
modification of any kind. The information contained herein
concerning DTC and its book-entry system has been obtained from
sources believed to be reliable, but we take no responsibility
for the accuracy thereof.

<P align="left"><B>Same-Day Funds</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will make all payments of principal of, premium, if any, and
interest on the global notes in immediately available funds to
DTC.

<!-- link1 "UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS" -->
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<P align="center"><B>UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following is a summary of the principal general federal
income tax consequences to a holder of new notes (a &#147;United
States Holder&#148;) who is (i)&nbsp;a citizen or resident of the
 United States, (ii)&nbsp;a corporation, partnership or other
entity treated as a corporation or a partnership for United
States federal income tax purposes created or organized in or
under the laws of the United States, any state thereof or the
district of Columbia (unless, in the case of a partnership,
Treasury regulations provide otherwise), (iii)&nbsp;an estate
whose income is subject to United States federal income tax
regardless of its source, or (iv)&nbsp;a trust if a court within
the United States is able to exercise primary supervision over
the administration of the trust and one or more United States
persons have the authority to control all substantial decisions
of the trust. Notwithstanding the preceding sentence, to the
extent provided in Treasury regulations, certain trusts in
existence on August&nbsp;20, 1996, and treated as United States
persons prior to such date, that elect to continue to be treated
as United States persons will also be United States Holders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following summary deals only with new notes held as capital
assets by purchasers at the issue price who are United States
Holders and not with special classes of holders, such as dealers
in securities or currencies, financial institutions, life
insurance companies, persons holding senior notes as a hedge
against or which are hedged again currency risks, and persons
whose functional currency is not the U.S.&nbsp;dollar. A person
considering the purchase of new notes should consult his or her
own tax advisor concerning these matters and as to the tax
treatment under foreign, state and local tax laws and
regulations.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This summary is based upon the Internal Revenue Code of 1986, as
amended (the &#147;Code&#148;), Treasury Regulations, Internal
Revenue Service (&#147;IRS&#148;) rulings and pronouncements and
judicial decisions now in effect, all of which are subject to
change at any time. Changes in this area of law may be applied
retroactively in a manner that could cause the tax consequences
to vary substantially from the consequences described below,
possibly adversely affecting a United States Holder. The
authorities on which this summary is based are subject to various
 interpretations, and it is therefore possible that the federal
income tax treatment of the purchase, ownership and disposition
of the new notes may differ from the treatment described below.

<P align="left"><B>Exchange of Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
There will be no federal income tax consequences to United States
 holders exchanging original notes for new notes under the
exchange offer because the exchange offer will occur by operation
 of the terms of the original notes and will not result in any
material alteration in the terms of the original notes. Each
exchanging holder will have the same adjusted tax basis and
holding period in the new notes as it had in the original notes
immediately before the exchange.

<P align="left"><B>General</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As a general rule, interest paid or accrued on the new notes will
 be treated as ordinary income to United States Holders. A United
 States Holder using the accrual method of accounting for federal
 income tax purposes is required to include interest paid or
accrued on the senior notes in ordinary income as interest
accrues, while a United States Holder using the cash receipts and
 disbursements method of

<P align="center">28

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<DIV align="left">
accounting for federal income tax purposes must include interest
in ordinary income when payments are received (or made available
for receipt) by the holder.
</DIV>

<P align="left"><B>Sale, Exchange or Retirement of Senior Notes</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A United States Holder&#146;s tax basis in a new note will
generally be its cost. Upon the sale, exchange or retirement of a
 new note, a United States Holder will generally recognize gain
or loss on the sale or retirement of a new note equal to the
difference between the amount realized (not including any amounts
 attributable to accrued and unpaid interest) and the
holder&#146;s tax basis of the new note. Long-term capital gain
of a non-corporate United States Holder is generally subject to a
 maximum tax rate of 20% in respect of property held for more
than one year.

<P align="left"><B>Withholding Taxes and Reporting Requirements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest payments and payments of principal and any premium with
respect to a new note will be reported to the extent required by
the Code to the United States Holders and the IRS. These amounts
will ordinarily not be subject to withholding of United States
federal income tax. However, a backup withholding tax at a rate
of 31% will apply to these payments if a United States Holder
fails to supply us or our agent with the Holder&#146;s taxpayer
identification number or to report all interest and dividends
required to be shown on its federal income tax returns.

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<DIV align="left"><A NAME="011"></A></DIV>

<P align="center"><B>PLAN OF DISTRIBUTION</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each broker-dealer that receives new notes for its own account
under the exchange offer must acknowledge that it will deliver a
prospectus in connection with any resale of those notes. This
prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer for resales of new notes
received in exchange for original notes that had been acquired as
 a result of market-making or other trading activities. We have
agreed that, for a period of 180&nbsp;days after the expiration
date of the exchange offer, we will make this prospectus, as it
may be amended or supplemented, available to any broker-dealer
for use in connection with any such resale. Any broker-dealers
required to use this prospectus and any amendments or supplements
 to this prospectus for resales of the new notes must notify us
of this fact by checking the box on the letter of transmittal
requesting additional copies of these documents or by writing or
telephoning us. See &#147;WHERE YOU CAN FIND MORE
INFORMATION.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the foregoing, we are entitled under the
registration rights agreement to suspend the use of this
prospectus by broker-dealers under specified circumstances. For
example, we may suspend the use of this prospectus&nbsp;if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the SEC or any state securities authority requests an amendment
	or supplement to this prospectus or the related registration
	statement or additional information;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the SEC or any state securities authority issues any stop order
	suspending the effectiveness of the registration statement or
	initiates proceedings for that purpose;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	we receive notification of the suspension of the qualification of
	 the new notes for sale in any jurisdiction or the initiation or
	threatening of any proceeding for that purpose;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the suspension is required by &nbsp;law;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the suspension is taken for valid business reasons, including the
	 acquisition or divestiture of assets or a material corporate
	transaction;&nbsp;or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	an event occurs which makes any statement in this prospectus
	untrue in any material respect or which constitutes an omission
	to state a material fact in this prospectus.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If we suspend the use of this prospectus, the 180-day period
referred to above will be extended by a number of days equal to
the period of the suspension.

<P align="center">29

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will not receive any proceeds from any sale of new notes by
broker-dealers. New notes received by broker-dealers for their
own account under the exchange offer may be sold from time to
time in one or more transactions in the over-the-counter market,
in negotiated transactions, through the writing of options on
those notes or a combination of those methods, at market prices
prevailing at the time of resale, at prices related to prevailing
 market prices or at negotiated prices. Any resales may be made
directly to purchasers or to or through brokers or dealers who
may receive compensation in the form of commissions or
concessions from the selling broker-dealer or the purchasers of
the new notes. Any broker-dealer that resells new notes received
by it for its own account under the exchange offer and any broker
 or dealer that participates in a distribution of the new notes
may be deemed to be an &#147;underwriter&#148; within the meaning
 of the Securities Act and any profit on any resale of new notes
and any commissions or concessions received by these persons may
be deemed to be underwriting compensation under the Securities
Act. The letter of transmittal states that, by acknowledging that
 it will deliver and by delivering a prospectus, a broker-dealer
will not be deemed to admit that it is an &#147;underwriter&#148;
 within the meaning of the Securities&nbsp;Act.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have agreed to pay all expenses incidental to the exchange
offer other than commissions and concessions of any broker or
dealer and will indemnify holders of the notes, including any
broker-dealers, against certain liabilities, including
liabilities under the Securities Act.

<!-- link1 "LEGAL MATTERS" -->
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<P align="center"><B>LEGAL MATTERS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The validity of the new notes offered in this exchange offer will
 be passed upon for us by Honigman Miller Schwartz and Cohn,
Detroit, Michigan.

<!-- link1 "EXPERTS" -->
<DIV align="left"><A NAME="013"></A></DIV>

<P align="center"><B>EXPERTS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The consolidated financial statements of Pulte Corporation
appearing in Pulte Corporation&#146;s Annual Report
(Form&nbsp;10-K) for the year ended December&nbsp;31, 1999, have
been audited by Ernst&nbsp;&#38; Young&nbsp;LLP, independent
auditors, as set forth in their report thereon included therein
and incorporated herein by reference. Such consolidated financial
 statements are incorporated herein by reference in reliance upon
 such report given on the authority of such firm as experts in
accounting and auditing.

<!-- link1 "WHERE YOU CAN FIND MORE INFORMATION" -->
<DIV align="left"><A NAME="014"></A></DIV>

<P align="center"><B>WHERE YOU CAN FIND MORE INFORMATION</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We file annual, quarterly and special reports, proxy statements
and other documents with the SEC. Our SEC filings are available
to the public over the internet at the SEC&#146;s Web site at
http://www.sec.gov. You may also read and copy any document we
file with the SEC at the SEC&#146;s public reference room at
450&nbsp;Fifth&nbsp;Street, N.W., Washington,&nbsp;D.C. 20549, as
 well as any regional offices of the SEC located at 7&nbsp;World
Trade&nbsp;Center, 13th&nbsp;Floor, New&nbsp;York, New&nbsp;York
10048 and Citicorp Center, 500&nbsp;West Madison&nbsp;Street,
Suite&nbsp;1400, Chicago, Illinois 60661. Please call the SEC at
1-800-SEC-0330 for further information about its public reference
 facilities and their copy charges.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our common stock is listed on the New&nbsp;York Stock Exchange.
You may also inspect the information we file with the SEC at the
New&nbsp;York Stock Exchange, 20&nbsp;Broad&nbsp;Street,
New&nbsp;York, New&nbsp;York 10005.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have filed with the SEC a registration statement on
Form&nbsp;S-4 to register the new notes to be issued in
connection with this exchange offer. This prospectus, which forms
 a part of the registration statement, does not contain all of
the information included or incorporated in the registration
statement. The full registration statement can be obtained from
the SEC as indicated above.

<P align="center">30

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The SEC allows us to incorporate by reference the information we
file with them. This allows us to disclose important information
to you by referencing those filed documents. We have previously
filed the following documents with the SEC and are incorporating
them by reference into this prospectus:
<P>

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<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	our annual report on Form&nbsp;10-K for the fiscal year ended
	December&nbsp;31, 1999.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We also are incorporating by reference any future filings made by
 us with the SEC under Section&nbsp;13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act until the completion of the exchange
offer. The most recent information that we file with the SEC
automatically updates and supersedes more dated information.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You can obtain a copy of any documents which are incorporated by
reference in this prospectus, except for exhibits which are
specifically incorporated by reference into those documents, at
no cost, by writing or telephoning us at:

<P align="center">Investor Relations

<DIV align="center">
Pulte Corporation
</DIV>

<DIV align="center">
33&nbsp;Bloomfield Hills&nbsp;Parkway, Suite&nbsp;200
</DIV>

<DIV align="center">
Bloomfield&nbsp;Hills, Michigan 48304
</DIV>

<DIV align="center">
(248)&nbsp;647-2750
</DIV>

<DIV align="center">
Telecopy: (248)&nbsp;433-4543
</DIV>

<DIV align="center">
Attn: James Zeumer
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To ensure timely delivery of the documents, you should make your
request by
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000. If you request any incorporated documents from us, we will
 mail them to you by first class mail, or another equally prompt
means, within one business day after we receive your request.

<P align="center">31

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<DIV align="left">
&nbsp;&nbsp;No dealer, salesperson or other person is authorized
to give any information or to represent anything not contained in
 this prospectus. You must not rely on any unauthorized
information or representations. This prospectus is an offer to
sell only the shares offered hereby, but only under circumstances
 and in jurisdictions where it is lawful to do so. The
information contained in this prospectus is current only as of
its date.
</DIV>

<P align="center">
<HR size="1" width="26%" align="center">

<DIV>&nbsp;</DIV>

<!-- link1 "TABLE OF CONTENTS" -->
<DIV align="left"><A NAME="015"></A></DIV>

<DIV align="center"><B>TABLE OF CONTENTS</B>
</DIV>

<CENTER>
<TABLE width="60%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="90%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Prospectus Summary</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Forward-Looking Statements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Use of Proceeds</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	The Exchange Offer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Description of the New Notes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	United States Federal Income Tax Considerations</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">28</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Plan of Distribution</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Legal Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Experts</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Where You Can Find More Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">
<HR size="1" width="26%" align="center">

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All dealers effecting transactions in these securities, whether
or not participating in this offering, may be required to deliver
 a prospectus. This is in addition to a dealer&#146;s obligation
to deliver a prospectus when acting as an underwriter and with
respect to an unsold allotment or subscription.

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<P align="center"><B>PART&nbsp;II</B>

<!-- link1 "INFORMATION NOT REQUIRED IN PROSPECTUS" -->
<DIV align="left"><A NAME="016"></A></DIV>

<P align="center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B>

<P align="left"><B>ITEM&nbsp;20.&nbsp; <I>Indemnification of Officers and
Directors</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Sections&nbsp;561-571 of the Michigan Business Corporation
Act, directors and officers of a Michigan corporation may be
entitled to indemnification by the corporation against judgments,
 expenses, fines and amounts paid by the director or officer in
settlement of claims brought against them by third persons or by
or in the right of the corporation if those directors and
officers acted in good faith and in a manner reasonably believed
to be in, or not opposed to, the best interests of the
corporation or its shareholders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our Articles of Incorporation provide that our directors shall
not be personally liable to us or our shareholders for monetary
damages for breach of the director&#146;s fiduciary duty.
However, our Articles do not eliminate or limit the liability of
a director for any of the following: (i)&nbsp;a breach of the
director&#146;s duty of loyalty to us or our shareholders;
(ii)&nbsp;acts or omissions not in good faith or that involve
intentional misconduct or knowing violation of law; (iii)&nbsp;a
violation of Section&nbsp;551(1) of the Michigan Business
Corporation Act; (iv)&nbsp;a transaction from which the director
derived an improper personal benefit; or (v)&nbsp;an act or
omission occurring before the effective date of the Articles. In
addition, our Bylaws generally provide that, to the fullest
extent permitted by applicable law, we shall indemnify any person
 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 (whether
 or not by or in the right of the corporation), including a
shareholders&#146; derivative action, by reason of the fact that
he is or was our director, officer, employee or agent or is or
was serving at our request as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust
or other enterprise.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have obtained Directors&#146; and Officers&#146; liability
insurance. The policy provides for $40&nbsp;million in coverage
including prior acts dating to our inception and liabilities
under the Securities Act.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="8%"></TD>
	<TD width="92%"></TD>
</TR>

<TR valign="top">
	<TD><B>ITEM&nbsp;21.&nbsp;</B></TD>
	<TD>
	<B><I>Exhibits</I></B></TD>
</TR>

</TABLE>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="12%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="12%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="70%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">3.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Articles of Incorporation, as amended, of Pulte
	Corporation. (Incorporated by reference to Exhibit&nbsp;19(a) to
	Pulte Corporation&#146;s Form&nbsp;10-Q for the quarter ended
	June&nbsp;30, 1988).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">3.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;By-laws of Pulte Corporation. (Incorporated by
	reference to Exhibit&nbsp;3(b) to Pulte Corporation&#146;s
	Registration Statement on Form&nbsp;S-4, Registration
	No.&nbsp;33-17223).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Senior Note Indenture dated as of October&nbsp;24,
	1995 among Pulte Corporation, Bank One Trust Company, National
	Association (as successor Trustee to The First National Bank of
	Chicago), and certain subsidiaries of Pulte Corporation, relating
	 to Pulte Corporation&#146;s 7.3% unsecured Senior Notes due 2005
	 ($125,000,000 aggregate principal amount outstanding) and 7.625%
	 unsecured Senior Notes due 2017 ($150,000,000 aggregate
	principal amount outstanding). (Incorporated by reference to
	Exhibit&nbsp;(c)1 to Pulte Corporation&#146;s Current Report on
	Form&nbsp;8-K dated October&nbsp;20, 1995).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated as of August&nbsp;27, 1997
	 among Pulte Corporation, Bank One Trust Company, National
	Association (as successor Trustee to The First National Bank of
	Chicago), and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.2 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	October&nbsp;6, 1997).</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-1
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<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="13%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="13%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="70%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated as of March&nbsp;20, 1998
	among Pulte Corporation, Bank One Trust Company, National
	Association (as successor Trustee to The First National Bank of
	Chicago), and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.2 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	March&nbsp;24, 1998).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated January&nbsp;31, 1999
	among Pulte Corporation, Bank One Trust Company, National
	Association (as successor Trustee to The First National Bank of
	Chicago), and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.2 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	March&nbsp;3, 1999).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.5*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated April&nbsp;3, 2000 among
	Pulte Corporation, Bank One Trust Company, National Association
	(as successor Trustee to The First National Bank of Chicago), and
	 certain subsidiaries of Pulte Corporation.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Senior Note Indenture dated as of December&nbsp;1,
	1993 among Pulte Corporation, The Bank of New&nbsp;York (as
	successor Trustee to NationsBank of Georgia, National
	Association), Pulte Home Corporation and certain subsidiaries of
	Pulte Corporation, relating to Pulte Corporation&#146;s 8.375%
	unsecured Senior Notes due 2004 ($115,000,000 aggregate principal
	 amount outstanding) and 7% unsecured Senior Notes due 2003
	($100,000,000 aggregate principal amount outstanding).
	(Incorporated by reference to Exhibit&nbsp;4.1 to Pulte
	Corporation&#146;s Registration Statement on Form&nbsp; S-3,
	Registration No.&nbsp;33-71742).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated August&nbsp;27, 1997 among
	 Pulte Corporation, The Bank of New&nbsp;York (as successor
	Trustee to NationsBank of Georgia, National Association), Pulte
	Home Corporation and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.1 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	October&nbsp;6, 1997).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated March&nbsp;20, 1998 among
	Pulte Corporation, The Bank of New&nbsp;York (as successor
	Trustee to NationsBank of Georgia, National Association), Pulte
	Home Corporation and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.1 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	March&nbsp;24, 1998).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated January&nbsp;31, 1999
	among Pulte Corporation, The Bank of New&nbsp;York (as successor
	Trustee to NationsBank of Georgia, National Association), Pulte
	Home Corporation and certain subsidiaries of Pulte Corporation.
	(Incorporated by reference to Exhibit&nbsp;4.1 to Pulte
	Corporation&#146;s Current Report on Form&nbsp;8-K dated
	March&nbsp;3, 1999).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.10</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Credit Agreement dated January&nbsp;5, 1995 among
	Pulte Corporation and NationsBank, N.A. f/k/a NationsBank, N.A.
	(Carolinas), as agent for certain lenders. (Incorporated by
	reference to Exhibit&nbsp;10(l) to Pulte Corporation&#146;s
	Annual Report on Form&nbsp;10-K for the year ended December&nbsp;
	 31, 1994).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.11</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;First Amendment to Credit Agreement dated
	January&nbsp;4, 1996, among Pulte Corporation and NationsBank,
	N.A., f/k/a NationsBank, N.A. (Carolinas), as agent for certain
	lenders. (Incorporated by reference to Exhibit&nbsp;10(l) to
	Pulte Corporation&#146;s Annual Report on Form&nbsp;10-K for the
	year ended December&nbsp;31, 1995).</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-2

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<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="13%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="13%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="70%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.12</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Second Amendment to Credit Agreement dated
	December&nbsp;31, 1996 among Pulte Corporation, NationsBank, N.A.
	 f/k/a NationsBank, N.A. (Carolinas), as agent for certain
	lenders, Comerica Bank and Bank One,&nbsp;NA
	(successor-in-interest to The First National Bank of Chicago), as
	 co-agents. (Incorporated by reference to Exhibit&nbsp;10(l) to
	Pulte Corporation&#146;s Annual Report on Form&nbsp;10-K for the
	year ended December&nbsp;31, 1996).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.13*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Third Amendment to Credit Agreement dated
	July&nbsp;9, 1997 among Pulte Corporation, NationsBank, N.A.
	f/k/a NationsBank, N.A. (Carolinas), as agent for certain
	lenders, Comerica Bank and Bank One,&nbsp;NA
	(successor-in-interest to The First National Bank of Chicago), as
	 co-agents.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.14</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Fourth Amendment to Credit Agreement dated
	December&nbsp;30, 1997 among Pulte Corporation, NationsBank,
	N.A., as agent for certain lenders, Comerica Bank and Bank
	One,&nbsp;NA (successor-in-interest to The First National Bank of
	 Chicago), as co-agents. (Incorporated by reference to
	Exhibit&nbsp;10(n) to Pulte Corporation&#146;s Annual Report on
	From 10-K for the year ended December&nbsp;31, 1997).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.15</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;364-Day Credit Agreement dated September&nbsp;15,
	1999 among Pulte Corporation, certain subsidiaries of Pulte
	Corporation, Bank of America,&nbsp;N.A., as administrative agent,
	 Banc of America Securities&nbsp;LLC, as sole lead arranger and
	sole book manager, Bank One,&nbsp;NA, as syndication agent, and
	Guaranty Federal Bank, F.S.B., as co-agent. (Incorporated by
	reference to Exhibit&nbsp;10 to Pulte Corporation&#146;s
	Form&nbsp;10-Q for the quarter ended September&nbsp;30, 1999).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.16*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Letter of Representations dated April&nbsp;3, 2000
	between Pulte Corporation, Bank One Trust Company, National
	Association, as trustee, and The Depository Trust Company
	relating to Pulte Corporation&#146;s 9&nbsp;1/2%&nbsp;Notes due
	2003 ($175,000,000 aggregate principal amount outstanding).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.17*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Registration Rights Agreement dated April&nbsp;3,
	2000 among Pulte Corporation, Merrill Lynch, Pierce,
	Fenner&nbsp;&#38; Smith Incorporated, as the Initial Purchaser
	Representative.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">5.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Opinion of Honigman Miller Schwartz and Cohn.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">12.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Computation of Ratio of Earnings to Fixed Charges.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">23.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Consent of Honigman Miller Schwartz and Cohn
	(included in Exhibit&nbsp;5.1 hereto).</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">23.2*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Consent of Ernst&nbsp;&#38; Young&nbsp;LLP.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">24.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Powers of Attorney.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">25.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Statement of Eligibility of trustee on Form&nbsp;T-1
	of Bank One Trust Company, National Association.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.1*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter of Transmittal.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.2*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Notice of Guaranteed Delivery.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.3*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Clients.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.4*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Registered Holder and/or DTC
	Participant.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.5*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Nominees.</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.6*</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Exchange Agent Agreement.</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left"><HR size="1" width="18%" align="left">
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="2%"></TD>
	<TD width="98%"></TD>
</TR>

<TR valign="top">
	<TD>*&nbsp;</TD>
	<TD align="left">
	Filed herewith.</TD>
</TR>

</TABLE>

<P align="center">II-3

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<P align="left"><B>ITEM&nbsp;22.&nbsp; <I>Undertakings</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; The undersigned Registrant hereby undertakes:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="3%"></TD>
	<TD width="91%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(1)</TD>
	<TD align="left">
	To file, during any period in which offers or sales are being
	made, a post-effective amendment to this Registration Statement:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="4%"></TD>
	<TD width="86%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(i)</TD>
	<TD align="left">
	To include any prospectus required by Section&nbsp;10(a)(3) of
	the Securities Act;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(ii)</TD>
	<TD align="left">
	To reflect in the prospectus any facts or events arising after
	the effective date of the Registration Statement (or the most
	recent post-effective amendment thereof) which, individually or
	in the aggregate, represent a fundamental change in the
	information set forth in the Registration Statement.
	Notwithstanding the foregoing, any increase or decrease in volume
	 of securities offered (if the total dollar value of securities
	offered would not exceed that which was registered) and any
	deviation from the low or high end of the estimated maximum
	offering range may be reflected in the form of prospectus filed
	with the Securities and Exchange Commission pursuant to
	Rule&nbsp;424(b) under the Securities Act if, in the aggregate,
	the changes in volume and price represent no more than a 20%
	change in the maximum aggregate offering price set forth in the
	&#147;Calculation of Registration Fee&#148; table in the
	effective Registration Statement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(iii)</TD>
	<TD align="left">
	To include any material information with respect to the plan of
	distribution not previously disclosed in the Registration
	Statement or any material change to such information in the
	Registration Statement;</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	provided, however, that paragraphs&nbsp;(a)(1)(i) and (a)(1)(ii)
	above do not apply if the Registration Statement is on
	Form&nbsp;S-3 or Form&nbsp;S-8, and the information required to
	be included in a post-effective amendment by those paragraphs is
	contained in periodic reports filed pursuant to Section&nbsp;13
	or Section&nbsp;15(d) of the Securities Exchange Act of 1934 that
	 are incorporated by reference in the Registration Statement.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="3%"></TD>
	<TD width="91%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(2)</TD>
	<TD align="left">
	That, for the purpose of determining any liability under the
	Securities Act, each such post-effective amendment shall be
	deemed to be a new registration statement relating to the
	securities offered therein, and the offering of such securities
	at that time shall be deemed to be the initial bona fide offering
	 thereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(3)</TD>
	<TD align="left">
	To remove from registration by means of a post-effective
	amendment any of the securities being registered which remain
	unsold at the termination of the offering.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(b)</TD>
	<TD align="left">
	The undersigned Registrant hereby undertakes that, for purposes
	of determining any liability under the Securities Act, each
	filing of the Registrant&#146;s annual report pursuant to
	Section&nbsp;13(a) or Section&nbsp; 15(d) of the Securities
	Exchange Act of 1934 that is incorporated by reference in the
	Registration Statement shall be deemed to be a new registration
	statement relating to the securities offered therein, and the
	offering of such securities at that time shall be deemed to be
	the initial bona fide offering thereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(c)</TD>
	<TD align="left">
	Insofar as indemnification for liabilities arising under the
	Securities Act may be permitted to directors, officers and
	controlling persons of the Registrant pursuant to the foregoing
	provisions, or otherwise, the Registrant has been advised that in
	 the opinion of the Securities and Exchange Commission such
	indemnification is against public policy as expressed in the Act
	and is, therefore, unenforceable. In the event that a claim for
	indemnification against such liabilities (other than the payment
	by the Registrant of expenses incurred or paid by a director,
	officer or controlling person of the Registrant in the successful
	 defense of any action, suit or proceeding) is asserted by such
	director, officer or controlling person in connection with the
	securities being registered, the Registrant will, unless in the
	opinion of its counsel the matter has been settled by controlling
	 precedent, submit to a court of appropriate jurisdiction the
	question whether such indemnification by it is against public
	policy as expressed in the Act and will be governed by the final
	adjudication of such issue.</TD>
</TR>

</TABLE>

<P align="center">II-4

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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="017"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ JOHN R. STOLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John&nbsp;R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Senior Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">William&nbsp;J. Pulte</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Executive and Nominating Committee of the Board
	of Directors</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert&nbsp;K. Burgess</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Board of Directors and Chief Executive Officer
	and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Chief Operating Officer</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Michael&nbsp;A. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President&nbsp;&#151; Corporate Development</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President and Chief Financial Officer (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Controller (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Debra&nbsp;J. Kelly-Ennis</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">David&nbsp;N. McCammon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Patrick&nbsp;J. O&#146;Meara</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Ralph&nbsp;L. Schlosstein</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-5

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="64%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="33%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Alan&nbsp;E. Schwartz</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Francis&nbsp;J. Sehn</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;J. Shea</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller,<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-6

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="018"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	ABACOA HOMES,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;R. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-7

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="019"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	AMERICAN TITLE OF THE PALM</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;BEACHES CORP.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-8

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="020"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	AMERICAN TITLE OF THE PALM</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;BEACHES, LTD.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	American Title of the Palm</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;Beaches Corp.</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;(General Partner)</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-9

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="021"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	CARR&#146;S GRANT,&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Pulte Home Corporation</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Controller and Director (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary (Principal
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;P. Schafer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-10

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="022"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	DEVTEX LAND,&nbsp;L.P.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	PN I,&nbsp;Inc.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Gregory&nbsp;M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Richard&nbsp;L. Strom</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Regional President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Donald&nbsp;J. Dykstra</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance, Assistant Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Controller and Director (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Assistant Secretary and Treasurer (Principal
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-11

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="023"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	DIVOSTA AND COMPANY,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Otto&nbsp;B. DiVosta</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Board</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Chief Financial Officer (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-12

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="024"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	DIVOSTA HOMES,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Glen&nbsp;T. Trotta</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-13

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="025"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	FLORIDA BUILDING PRODUCTS, INC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;G. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-14

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="026"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	FLORIDA CLUB HOMES, INC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-15

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="027"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	HAMMOCK RESERVE DEVELOPMENT</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;COMPANY</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-16

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="028"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	HARRISON HILLS,&nbsp;LLC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Wil Corporation</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President, Chief Financial Officer, Controller and Director
	(Principal Executive Officer and Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer, and Assistant Secretary (Principal
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-17

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="029"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	HOMESITE SOLUTIONS CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">James Bowen</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer and Controller (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-18

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="030"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	ISLAND WALK DEVELOPMENT</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;COMPANY</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-19

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="031"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield&nbsp;Hills, State of Michigan, on May&nbsp;3,
2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	ONE WILLOWBROOK&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Wil Corporation</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President, Chief Financial Officer, Controller and Director
	(Principal Executive Officer and Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;E. Bittner</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary (Principal
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">George Schulmeyer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Assistant Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-20

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="032"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield&nbsp;Hills, State of Michigan, on May&nbsp;3,
2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PB VENTURE&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Pulte Corporation</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ VINCENT J. FREES</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Vincent&nbsp;J. Frees,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">William J. Pulte</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Executive and Nominating Committee of the Board
	of Directors</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;K. Burgess</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Board of Directors and Chief Executive Officer
	and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Chief Operating Officer</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;A. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President&nbsp;&#151; Corporate Development</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President and Chief Financial Officer (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Controller (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Debra&nbsp;J. Kelly-Ennis</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> David&nbsp;N. McCammon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Patrick&nbsp;J. O&#146;Meara</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Ralph&nbsp;L. Schlosstein</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-21

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="64%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="33%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Alan&nbsp;E. Schwartz</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Francis&nbsp;J. Sehn</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;J. Shea</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-22

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="033"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PBW CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Jeffrey&nbsp;A. Croft</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Controller (Principal
	 Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-23

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="034"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/BRE DEVELOPMENT&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	PC/BRE Venture&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Steven&nbsp;J. Seymoure</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;D. Gaber</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer, Treasurer and Secretary (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-24

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="035"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/BRE SPRINGFIELD&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	PC/BRE Venture&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Steven&nbsp;J. Seymoure</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;D. Gaber</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer, Treasurer and Secretary (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-25

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="036"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/BRE VENTURE&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Steven&nbsp;J. Seymoure</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;D. Gaber</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer, Treasurer and Secretary (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-26

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="037"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/ BRE WHITNEY OAKS&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	PC/BRE Venture L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	 <HR size="1"> Steven&nbsp;J. Seymoure</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	 <HR size="1"> Michael&nbsp;D. Gaber</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer, Treasurer and Secretary (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	 <HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	 <HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	Attorney-in-Fact</FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-27

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="038"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/BRE WINFIELD&nbsp;L.L.C.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	By: PC/BRE Venture&nbsp;L.L.C.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Steven&nbsp;J. Seymoure</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Michael&nbsp;D. Gaber</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chief Financial Officer, Treasurer and Secretary (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-28

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="039"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PC/PALM BEACH,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ JOHN R. STOLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Director (Principal Financial and
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-29

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="040"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PN&nbsp;I,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Gregory&nbsp;M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Donald&nbsp;J. Dykstra</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance, Assistant Secretary and Director
	(Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Controller and Director (Principal Accounting
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-30

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="041"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PN&nbsp;II,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="center">
	/s/ JOHN R. STOLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John&nbsp;R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Steven&nbsp;C. Petruska</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Steven&nbsp;F. Atchison</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Assistant Secretary (Principal Accounting
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;K. Burgess</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Donald&nbsp;J. Dykstra</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Gregory&nbsp;M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-31

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="042"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE DEVELOPMENT CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="center">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;S. Gallagher</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer, Controller<BR>
	and Director (Principal Executive Officer and Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary<BR>
	(Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-32

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="043"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOME CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Controller and Director (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary (Principal
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;P. Schafer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-33

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="044"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOME CORPORATION OF</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;NEW ENGLAND</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> James&nbsp;R. McCabe</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Controller (Principal
	 Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-34

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="045"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOME CORPORATION OF THE</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;DELAWARE VALLEY</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Reiser, Jr.</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance (Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Jeffrey&nbsp;A. Croft</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-35

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="046"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;GREATER KANSAS CITY, INC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ JOHN R. STROLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John&nbsp;R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="52%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="45%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Andrew&nbsp;C. Hill</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Peter Keane</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance, Treasurer and Controller<BR>
	(Principal Financial and Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-36

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="047"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF MICHIGAN</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="center">
	/s/ JOHN R. STOLLER <BR>
	 ______________________________________ <BR>
	 John R. Stoller,</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="52%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="45%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Jeffery K. Parsigian</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Peter Keane</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance and Treasurer<BR>
	(Principal Financial and Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert P. Schafer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-37

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="048"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield&nbsp;Hills, State of Michigan, on May&nbsp;3,
2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF MINNESOTA</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Thomas&nbsp;J. Standke</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President, Chief Executive Officer and Director (Principal
	Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Damon&nbsp;P. Engelby</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-38

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="049"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield&nbsp;Hills, State of Michigan, on May&nbsp;3,
2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF OHIO CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ JOHN R. STOLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John&nbsp;R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Gregory&nbsp;C. Williams</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Peter Keane</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance and Treasurer<BR>
	(Principal Financial and Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert&nbsp;P. Schafer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-39

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="050"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;SOUTH CAROLINA,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="46%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="51%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Norman&nbsp;B. White</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Controller (Principal
	 Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-40

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="051"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES OF TEXAS,&nbsp;L.P.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	By: PN&nbsp;I,&nbsp;Inc.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="51%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="46%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Gregory M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Donald J. Dykstra</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance, Assistant Secretary and&nbsp;Director
	(Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Controller and Director<BR>
	(Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Treasurer and Assistant Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-41

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="052"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE HOMES TENNESSEE LIMITED</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;PARTNERSHIP</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Radnor Homes</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Norman&nbsp;B. White</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Director)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Financial and Accounting
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-42

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="053"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield&nbsp;Hills, State of Michigan, on May&nbsp;3,
2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE LAND COMPANY,&nbsp;LLC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	Pulte Corporation</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ VINCENT J. FREES</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Vincent&nbsp;J. Frees</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;J. Pulte</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Executive and Nominating Committee of the Board
	of Directors</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;K. Burgess</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Chairman of the Board of Directors and Chief Executive Officer
	and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Chief Operating Officer</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;A. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President&nbsp;&#151;&nbsp;Corporate Development</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Senior Vice President and Chief Financial Officer (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Controller (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Debra&nbsp;J. Kelly-Ennis</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> David&nbsp;N. McCammon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Patrick&nbsp;J. O&#146;Meara</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Ralph&nbsp;L. Schlosstein</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-43

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="64%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="33%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Alan&nbsp;E. Schwartz</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Francis&nbsp;J. Sehn</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;J. Shea</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-44

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="054"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE LAND DEVELOPMENT</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Howard&nbsp;A. Fingeroot</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Controller (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Gregory&nbsp;M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-45

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="055"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE LIFESTYLE COMMUNITIES,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Kenneth&nbsp;A. Simons</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary (Principal Financial and Accounting
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Gregory&nbsp;M. Nelson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-46

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="056"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE PAYROLL CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Michael&nbsp;A. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance and Controller (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-47

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="057"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE-IN CORP.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Controller (Principal Executive and Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-48

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="058"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	RADNOR HOMES,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Norman&nbsp;B. White</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Financial and Accounting
	Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-49

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="059"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	RIVERWALK COMMERCE</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;ACQUISITION CORP.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="52%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="45%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Roger&nbsp;A. Cregg</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Treasurer (Principal Financial and Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-50

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="060"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	RIVERWALK OF THE PALM BEACHES</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;DEVELOPMENT COMPANY, INC</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="center">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="54%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="43%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director<BR>
	(Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director<BR>
	(Principal Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer<BR>
	(Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-51

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="061"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	RN ACQUISITION 2 CORP.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="center">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Norman&nbsp;B. White</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Alan&nbsp;E. Rockett</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Chief Financial Officer (Principal Financial
	Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Mark&nbsp;J. O&#146;Brien</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-52

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="062"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	SEAN/ CHRISTOPHER HOMES,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ JOHN R. STOLLER</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	John&nbsp;R. Stoller,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;J. Halso</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*<BR>
	<HR size="1">Peter Keane</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President of Finance and Treasurer (Principal Financial and
	Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Robert&nbsp;P. Schafer</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-53

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="063"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	SUNCO BUILDING CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="54%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="43%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Curtis&nbsp;K. Ring</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer<BR>
	(Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-54

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="064"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	VILLAGE WALK DEVELOPMENT</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	&nbsp;&nbsp;COMPANY,&nbsp;INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> William&nbsp;E. Shannon</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Harmon&nbsp;D. Smith</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Director (Principal
	Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Secretary</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Charles&nbsp;H. Hathaway</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-55

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="065"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	WILBEN,&nbsp;LLLP</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	By: PBW Corp.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Jeffrey&nbsp;A. Croft</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President and Director (Principal Executive Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Chief Financial Officer and Controller (Principal
	 Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-56

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="066"></A></DIV>

<P align="center"><B>SIGNATURES</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form&nbsp;S-4
 and has duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the
City of Bloomfield Hills, State of Michigan, on May&nbsp;3, 2000.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	WIL CORPORATION</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="5%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;</TD>
	<TD align="left">
	/s/ BRUCE E. ROBINSON</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	Bruce&nbsp;E. Robinson,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="center">
	<I>Vice President</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following
persons in the capacities indicated on May&nbsp;3, 2000.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Signature</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Title</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Vincent&nbsp;J. Frees</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	President, Chief Financial Officer, Controller and Director
	(Principal Executive and Financial Officer)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> Bruce&nbsp;E. Robinson</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President and Treasurer (Principal Accounting Officer)</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	&nbsp;*<BR>
	<HR size="1"> John&nbsp;R. Stoller</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vice President, Secretary and Director</FONT></TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	*By:&nbsp;/s/ JOHN R. STOLLER<BR>
	<HR size="1">John&nbsp;R. Stoller<BR>
	 <I>Attorney-in-Fact</I></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">II-57
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="067"></A></DIV>

<P align="center"><B>EXHIBIT INDEX</B>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="11%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="11%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="60%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Exhibit</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Sequential</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>No.</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Description</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page No.</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Indenture Supplement dated April&nbsp;3, 2000 among
	Pulte Corporation, Bank One Trust Company, National Association
	(as successor Trustee to The First National Bank of Chicago), and
	 certain subsidiaries of Pulte Corporation.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.13</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Third Amendment to Credit Agreement dated
	July&nbsp;9, 1997 among Pulte Corporation, NationsBank,&nbsp;N.A.
	 f/k/a NationsBank,&nbsp;N.A. (Carolinas), as agent for certain
	lenders, Comerica Bank and Bank One,&nbsp;NA (successor-in-
	interest to The First National Bank of Chicago), as co-agents.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Letter of Representations dated April&nbsp;3, 2000
	between Pulte Corporation, Bank One Trust Company, National
	Association, as trustee, and The Depository Trust Company
	relating to Pulte Corporation&#146;s 9&nbsp;1/2%&nbsp;Notes due
	2003 ($175,000,000&nbsp;aggregate principal amount outstanding).</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.17</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Registration Rights Agreement dated April&nbsp;3,
	2000 among Pulte Corporation, Merrill Lynch, Pierce,
	Fenner&nbsp;&#38; Smith Incorporated, as the Initial Purchaser
	Representative.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">5.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Opinion of Honigman Miller Schwartz and Cohn.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">12.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Computation of Ratio of Earnings to Fixed Charges.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">23.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Consent of Honigman Miller Schwartz and Cohn
	(included in Exhibit&nbsp;5.1).</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">23.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Consent of Ernst&nbsp;&#38; Young&nbsp;LLP.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">24.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Powers of Attorney.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">25.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Statement of Eligibility of trustee on Form&nbsp;T-1
	of Bank One Trust Company, National Association.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter of Transmittal</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Notice of Guaranteed Delivery</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Clients.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Registered Holder and/or DTC
	Participant.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Letter to Nominees.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">99.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&#151;&nbsp;Form of Exchange Agent Agreement.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.5
<SEQUENCE>2
<DESCRIPTION>INDENTURE SUPPLEMENT
<TEXT>

<PAGE>   1
                                                                     EXHIBIT 4.5











        --------------------------------------------------------------------


                                PULTE CORPORATION

                              ---------------------


                              INDENTURE SUPPLEMENT

                            DATED AS OF APRIL 3, 2000

                              ---------------------


                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
          (successor-in-interest to the First National Bank of Chicago)

                                     TRUSTEE

        --------------------------------------------------------------------

                             SENIOR DEBT SECURITIES





<PAGE>   2


         INDENTURE SUPPLEMENT dated as of April 3, 2000, among PULTE
CORPORATION, a Michigan corporation (the "Company"), located at 33 Bloomfield
Hills Parkway, Suite 200, Bloomfield Hills, Michigan 48304, BANK ONE TRUST
COMPANY, NATIONAL ASSOCIATION (successor-in-interest to the First National Bank
of Chicago) (the "Trustee"), PULTE HOME CORPORATION ("Pulte Home"), and the
subsidiaries of Pulte Home set forth on the signature pages hereto (Pulte Home
and such wholly-owned subsidiaries, all together the "Guarantors").

         The Company, the Trustee and the Guarantors have entered into an
Indenture dated as of October 24, 1995, as amended by the Indenture Supplement
dated as of August 27, 1998, the Indenture Supplement dated as of March 20,
1998, and the Indenture Supplement dated as of January 31, 1999 (the
"Indenture") pursuant to which the Trustee acts as trustee for the holders of
the Company's 7.3% Senior Notes due October 24, 2005 and the Company's 7.625%
Senior Notes due October 15, 2017. Capitalized terms used in this Indenture
Supplement and not otherwise defined herein shall have the meanings set forth in
the Indenture.

         The parties desire to add the following companies as guarantors of the
Guaranteed Obligations under the Indenture:


              American Title of the Palm Beaches Acquisition Corp.

                    American Title of the Palm Beaches, Ltd.

                              Carr's Grant, L.L.C.

                                Devtex Land, L.P.

                               Harrison Hills, LLC

                         Homesite Solutions Corporation

                             One Willowbrook, L.L.C.

                            PC/BRE Development L.L.C.

                            PC/BRE Springfield L.L.C.

                              PC/BRE Venture L.L.C.

                           PC/BRE Whitney Oaks L.L.C.

                             PC/BRE Winfield L.L.C.

                               PC/Palm Beach, Inc.

                                   PN I, Inc.

                      Pulte Home Corporation of New England

                           Pulte Homes of Texas, L.P.

<PAGE>   3


                    Pulte Homes Tennessee Limited Partnership

                             Pulte Land Company, LLC

                      Riverwalk Commerce Acquisition Corp.

                                  Wilben, LLLP


         Section 901 of the Indenture permits the Company and the Trustee to
execute supplements to the Indenture for the purpose of adding guarantors of the
Guaranteed Obligations without the consent of any Holders.

         NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

         For and in consideration of the premises and the mutual covenants and
agreements contained herein, it is mutually covenanted and agreed, for the equal
and proportionate benefit of all Holders of the Securities or of any series
thereof, as follows:

         1. The following companies are hereby added as guarantors of the
Guaranteed Obligations under the Indenture:

              American Title of the Palm Beaches Acquisition Corp.

                    American Title of the Palm Beaches, Ltd.

                              Carr's Grant, L.L.C.

                                Devtex Land, L.P.

                               Harrison Hills, LLC

                         Homesite Solutions Corporation

                             One Willowbrook, L.L.C.

                            PC/BRE Development L.L.C.

                            PC/BRE Springfield L.L.C.

                              PC/BRE Venture L.L.C.

                           PC/BRE Whitney Oaks L.L.C.

                             PC/BRE Winfield L.L.C.

                               PC/Palm Beach, Inc.

                                   PN I, Inc.

<PAGE>   4

                      Pulte Home Corporation of New England

                           Pulte Homes of Texas, L.P.

                    Pulte Homes Tennessee Limited Partnership

                             Pulte Land Company, LLC

                      Riverwalk Commerce Acquisition Corp.

                                  Wilben, LLLP

         2. The Indenture, as supplemented by and together with this Indenture
Supplement, shall be read, taken and construed as one and the same instrument.

         3. This Indenture Supplement may be executed in any number of
counterparts, each of which so executed shall be deemed an original, but all of
such counterparts shall together constitute but one and the same instrument.

         4. This Indenture Supplement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the
principles of conflicts of laws.







                     [signatures appear on pages following]



<PAGE>   5


         IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed as of the day and year first above written.

                                                    BANK ONE TRUST COMPANY,
                                                    NATIONAL ASSOCIATION
                                                    as Trustee


                                              By: /s/ Larry Kusch
                                                 -------------------------------
                                                 Name:  Larry Kusch
                                                 Title: Authorized Officer

                                              PULTE CORPORATION


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       -------------------------                 -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              ABACOA HOMES, INC.


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       -------------------------                 -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              AMERICAN TITLE OF THE PALM
                                              BEACHES ACQUISITION CORP.


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       -------------------------                 -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.



                                              AMERICAN TITLE OF THE PALM
                                              BEACHES, LTD.


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       -------------------------                 -------------------------------
                  Calvin R. Boyd                 Bruce E. Robinson, V.P.

<PAGE>   6


                                              CANTERBURY LIQUIDATION
                                              CORPORATION


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       ------------------------                  -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.



                                              CANTERBURY DIVERSIFIED
                                              BUILDING CORPORATION


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       -------------------------                 -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              CARR'S GRANT, L.L.C.


Attest: /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
       ------------------------                  -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              CEIBA HOMES, INC.


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       ------------------------                  -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              DEAN REALTY COMPANY


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
       ------------------------                  -------------------------------
       Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              DEVTEX LAND, L.P.


Attest: /s/ Calvin R. Boyd                    By: /s/ Bruce E. Robinson
      ------------------------                  --------------------------------
      Calvin R. Boyd                            Bruce E. Robinson, V.P.




<PAGE>   7


                                              DIVOSTA AND COMPANY, INC.


Attest:  /s/ Calvin R. Boyd                   By:  /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              DIVOSTA HOMES, INC.


Attest:  /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              FLORIDA BUILDING PRODUCTS, INC.


Attest:  /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              FLORIDA CLUB HOMES, INC.


Attest:  /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.

                                              GURABO HOMES, INC.


Attest:  /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.


                                              HAMMOCK RESERVE DEVELOPMENT
                                              COMPANY


Attest:  /s/ Calvin R. Boyd                   By: /s/ Bruce E. Robinson
        ------------------------                  ------------------------------
        Calvin R. Boyd                            Bruce E. Robinson, V.P.




<PAGE>   8


                                                 HARRISON HILLS, LLC


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 HOMESITE SOLUTIONS CORPORATION


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 ISLAND WALK DEVELOPMENT
                                                 COMPANY


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 JAMES T. LYNCH, INC.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 ONE WILLOWBROOK, L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PALMVILLE DEVELOPMENT CORP.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   9


                                                 PB VENTURE L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PBW CORPORATION


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PC/BRE DEVELOPMENT L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PC/BRE SPRINGFIELD L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PC/BRE VENTURE L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PC/BRE WHITNEY OAKS  L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   10


                                                 PC/BRE WINFIELD L.L.C.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PC/PALM BEACH, INC.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PHC TITLE CORPORATION


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PHM REALTY, INC.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PHT TITLE CORPORATION


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PN I, INC.


Attest:/s/ Calvin R. Boyd                        By:/s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   11


                                                 PN II, INC.


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PQL REALTY CORPORATION


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PRESERVE I, INC.


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PRESERVE II, INC.


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE-IN CORPORATION


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE DEVELOPMENT CORPORATION


Attest:/s/Calvin R. Boyd                         By:/s/Bruce E. Robinson
       ------------------------                     ---------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   12


                                                 PUTLE HOME CORPORATION OF
                                                 THE DELAWARE VALLEY


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOME CORPORATION OF
                                                 NEW ENGLAND


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOME CORPORATION


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOMES OF GREATER KANSAS
                                                 CITY, INC.


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOMES OF MICHIGAN
                                                 CORPORATION


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOMES OF MINNESOTA
                                                 CORPORATION


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOMES OF OHIO CORPORATION


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.

<PAGE>   13


                                                 PULTE HOMES OF SOUTH CAROLINA,
                                                 INC.

Attest: /s/ Calvin R. Boyd                         By: /s/ Bruce E. Robinson
       ------------------------                    ----------------------------
       Calvin R. Boyd                              Bruce E. Robinson, V.P.


                                                 PULTE HOMES OF TEXAS, L.P.
                                                 By: PN I, Inc.,
                                                 Its:  General Partner

Attest: /s/ Calvin R. Boyd                          /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE HOMES TENNESSEE
                                                 LIMITED PARTNERSHIP


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE LAND COMPANY, LLC


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE LAND DEVELOPMENT
                                                 CORPORATION


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.

                                                 PULTE LIFESTYLE COMMUNITIES,
                                                 INC.


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.

<PAGE>   14

                                                 PULTE PAYROLL CORPORATION


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 PULTE REAL ESTATE COMPANY


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 RADNOR HOMES, INC.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 RIVERWALK COMMERCE
                                                 ACQUISITION CORP.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 RIVERWALK OF THE PALM BEACHES
                                                 DEVELOPMENT COMPANY, INC.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   15

                                                 RN ACQUISITION 2 CORP.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 SALINAS BUILDERS, INC.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 SALINAS HOMES, INC.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 SEAN/CHRISTOPHER HOMES, INC.


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 SUNCO BUILDING CORPORATION


Attest: /s/ Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 TVM CORPORATION


Attest: /s /Calvin R. Boyd                       By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.




<PAGE>   16


                                                 VILLAGE WALK DEVELOPMENT
                                                 COMPANY, INC.


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 WIL CORPORATION,


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.


                                                 WILBEN, LLLP


Attest: /s/ Calvin R. Boyd                          By: /s/ Bruce E. Robinson
       ------------------------                     ----------------------------
       Calvin R. Boyd                               Bruce E. Robinson, V.P.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.13
<SEQUENCE>3
<DESCRIPTION>THIRD AMENDMENT TO CREDIT AGREEMENT
<TEXT>

<PAGE>   1
                                                                    EXHIBIT 4.13

                               THIRD AMENDMENT TO
                                CREDIT AGREEMENT

     This Third Amendment to Credit Agreement (this "Third Amendment"), dated as
of July 9, 1997, is entered into by and among PULTE CORPORATION (the
"Borrower"), the lenders identified as such on the signature pages attached
hereto (the "Lenders"), the guarantors identified as such on the signature
pages attached hereto (the "Guarantors"), NATIONSBANK, N.A. f/k/a NationsBank,
N.A. (Carolinas) as agent for the Lenders (in such capacity, the "Agent") and
Comerica Bank and The First National Bank of Chicago as Co-Agents (the
"Co-Agents"). All capitalized terms used herein and not otherwise defined shall
have the meanings ascribed to such terms in the Credit Agreement (as defined
below).

                                    RECITALS

     A.   The Borrower, the Lenders, the Agent and the Co-Agents entered into
that certain Credit Agreement dated as of January 5, 1995 (as amended by that
certain First Amendment to Credit Agreement dated as of January 4, 1996 and that
certain Second Amendment to Credit Agreement dated as of December 31, 1996, the
"Credit Agreement").

     B.   The Guarantors (other than Pulte Lifestyle Communities, Inc.)
guaranteed all of the Borrower Obligations pursuant to those certain Guaranty
Agreements dated as of January 5, 1995, and Pulte Lifestyle Communities, Inc.
guaranteed all of the Borrower Obligations pursuant to that certain Guaranty
Agreement dated as of May 10, 1995 (as modified or reaffirmed from time to time,
collectively, the "Guaranty Agreements").

     C.   The Borrower has requested that the Credit Agreement be amended to
provide for Quoted Rate Swing Line Loans.

     D.   The Lenders have agreed to such modification pursuant to the terms set
forth below.

                                    AGREEMENT

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.   Definitions

          (a)  The following definitions are hereby added to Section 1.01 of the
     Credit Agreement, in the correct alphabetical order, to read as follows:

          "Quoted Rate" has the meaning set forth in Section 2.01A(c)(ii).

<PAGE>   2
          "Quoted Rate Swing Line Loan" means a Swing Line Loan accruing
     interest at a Quoted Rate.

          (b)  The definition of "Base Rate Loans" in Section 1.01 of the
     Credit Agreement is amended in its entirety to read as follows:

          "Base Rate Loans" means the Revolving Loans and the Swing Line Loans
     accruing interest at the Base Rate.

          (c) The first sentence of the definition of "Interest Payment Date" in
     Section 1.01 of the Credit Agreement is amended in its entirety to read as
     follows:

          "Interest Payment Date" means (a) as to Base Rate Loans, the last day
     of each month, (b) as to Quoted Rate Swing Line Loans, the last day of the
     Interest Period for each Quoted Rate Swing Line Loan, (c) as to CD Rate
     Loans and Eurodollar Loans, the last day of each applicable Interest
     Period; provided that if the Interest Period for a Eurodollar Loan is
     greater than 3 months or the Interest Period for a CD Rate Loan is greater
     than 90 days, then the Interest Payment Date shall be the last day of each
     fiscal quarter of the Borrower and the last day of the applicable Interest
     Period and (d) as to Competitive Bid Loans, the last day of the Interest
     Period for each Competitive Bid Loan; provided that if the Interest Period
     on a Competitive Bid Loan is greater than 90 days then the Interest Payment
     Date shall be the last day of each fiscal quarter of the Borrower and the
     last day of the applicable Interest Period.

          (d)  The definition of "Interest Period" is amended by deleting the
     word "and" directly before subsection (c), by inserting a comma after the
     word "borrowing" directly before subsection (c) and by inserting the
     following subsection directly before the semicolon:

          and (d) with respect to Quoted Rate Swing Line Loans a period
     beginning on the date of advance and ending on the date specified in the
     respective Swing Line Loan Request, which shall not be more than 7 days in
     duration

2.   Amendment to Section 2.01A(c)(ii). Section 2.01A(c)(ii) of the Credit
     Agreement is amended in its entirety to read as follows:

              (ii) Swing Line Borrowings. By no later than 2:00 p.m. on the date
          of the requested borrowing of Swing Line Loans, the Borrower shall
          submit a Swing Line Loan Request to NationsBank setting forth (A) the
          amount of the requested Swing Line Loan (which shall not be less than
          $500,000 and in integral multiples of $500,000 in excess thereof), (B)
          the date of the requested Swing Line Loan and (C) whether such Swing
          Line Loan is to be a Base Rate Loan or a Quoted Rate Swing


                                        2
<PAGE>   3
          Line Loan and if it is a Quoted Rate Swing Line Loan, the
          applicable Interest Period and complying in all respects with Section
          5. If the Borrower has requested a Quoted Rate Swing Line Loan,
          NationsBank shall provide to the Borrower, no later than 2:30 p.m. on
          the date of the request, the rate at which NationsBank would be
          willing to provide such Swing Line Loan (the "Quoted Rate"). The
          Borrower shall notify NationsBank by 3:00 p.m. on such date whether it
          wishes to accept the Quoted Rate. Failure of the Borrower to timely
          accept the Quoted Rate shall make the Quoted Rate and the
          corresponding Swing Line Loan Request void.

3.   Amendment to Section 2.01A(c)(iii). The first three sentences and the last
     two sentences of Section 2.01A(c)(iii) of the Credit Agreement are amended
     in their entirety to read as follows:

               (iii) Additional Swing Line Loan Provisions. The Borrower agrees
          to repay all Swing Line Loans that are Base Rate Loans within one
          Business Day of demand therefor by NationsBank and all Swing Line
          Loans that are Quoted Rate Swing Line Loans at the end of the
          applicable Interest Period. Each repayment of a Swing Line Loan may be
          accomplished by requesting Revolving-A Loans in accordance with
          Section 2.02. In the event that the Borrower shall fail to repay any
          Swing Line Loan within three Business Days after demand therefor by
          NationsBank or the termination of the applicable Interest Period, and
          in any event upon (1) a request by NationsBank, (2) the occurrence of
          an Event of Default described in Section 9.01(f) or (3) the
          acceleration of any Loan or termination of any Commitment pursuant to
          Section 9.01, each other Lender shall irrevocably and unconditionally
          purchase from NationsBank, without recourse or warranty, an undivided
          interest and participation in such Swing Line Loan in an amount equal
          to such other Lender's Commitment Percentage thereof, by directly
          purchasing a participation in such Swing Line Loan in such amount
          (regardless of whether the conditions precedent thereto set forth in
          Section 5.02 hereof are then satisfied, whether or not the Borrower
          has made an Advance Request and whether or not the Revolving-A Loan
          Commitments are then in effect, any Event of Default exists or all the
          Loans have been accelerated) and paying the proceeds thereof to
          NationsBank at the address provided in Section 11.01, or at such other
          address as NationsBank may designate, in Dollars and in immediately
          available funds; provided that a Lender is not required to purchase a
          participation in a Swing Line Loan that was made by NationsBank during
          the existence of a Default or an Event of Default that was known to
          exist by NationsBank when it made such Swing Line Loan.




          Upon the purchase of a participation in respect of such Swing Line
          Loan by a Lender pursuant to this Section 2.01A(c), the amount so
          funded by the purchasing


                                       3
<PAGE>   4
          Lender shall become a Revolving-A Loan accruing interest at the Base
          Rate and shall no longer be a Swing Line Loan. On the date that the
          Lenders are required to purchase participations in Swing Line Loans
          under this Section 2.01A(c), NationsBank's pro rata share of such
          Swing Line Loans shall no longer be a Swing Line Loan hereunder but
          shall be a Revolving-A Loan accruing interest at the Base Rate.

4.   Amendment to Section 3.01(a)(ix). Section 3.01(a)(ix) of the Credit
     Agreement is amended in its entirety to read as follows:

                    (ix) All Swing Line Loans shall accrue interest at the Base
               Rate or if such Swing Line Loan is a Quoted Rate Swing Line Loan,
               then such Swing Line Loan shall accrue interest at the Quoted
               Rate applicable thereto.

5.   Amendment to Section 3.02(a). Section 3.02(a) of the Credit Agreement is
     amended in its entirety to read as follows:

               (a) Voluntary Prepayments. The Borrower shall have the right to
          prepay Loans in whole or in part from time to time without premium or
          penalty; provided, however, that (i) Eurodollar Loans and CD Rate
          Loans may only be prepaid on three Business Day' prior written notice
          to the Agent and any prepayment of Eurodollar Loans or CD Rate Loans
          will be subject to Section 4.01(d); (ii) each such partial prepayment
          of Loans shall be in the minimum principal amount of $1,000,000; and
          (iii) Competitive Bid Loans and Quoted Rate Swing Line Loans may not
          be prepaid unless a breakage fee equal to the amount of actual damages
          suffered by the Lender whose Competitive Bid Loan or Quoted Rate Swing
          Line Loan is prepaid is paid to such Lender; provided that such Lender
          shall provide the Borrower with the calculation of such damages.
          Amounts prepaid hereunder shall be applied as the Borrower may elect;
          provided, that if the Borrower fails to specify a voluntary prepayment
          then such prepayment shall be applied first to Revolving Loans that
          are Base Rate Loans, then to CD Rate Loans in direct order of Interest
          Period maturities, then to Eurodollar Loans in direct order of
          Interest Period maturities, then to Swing Line Loans (first to Swing
          Line Loans that are Base Rate Loans and then to Quoted Rate Swing Line
          Loans in direct order of Interest Period maturities) and then to
          Competitive Bid Loans pro rata among all Lenders holding same.

  6.      Amendment to Section 3.02(b). The last sentence of Section 3.02(b) of
          the Credit Agreement is amended in its entirety to read as follows:

               (b) Mandatory Prepayments. Any payments made under this Section
          3.02(b) shall be applied first to Revolving Loans that are Base Rate
          Loans, then to CD Rate Loans in direct order of Interest Period
          maturities, then to Eurodollar Loans in direct order

                                        4
<PAGE>   5
of Interest Period maturities, then to Swing Line Loans (first to Swing Line
Loans that are Base Rate Loans and then to Quoted Rate Swing Line Loans in
direct order of Interest Period maturities) and then to Competitive Bid Loans
pro rata among all Lenders holding same.

7.   Exhibit 2.01A(c). Exhibit 2.01A(c).to the Credit Agreement is deleted in
     its entirety and replaced by the new Exhibit 2.01A(c) attached hereto as
     Exhibit A.

8.   Representations and Warranties. The Borrower hereby represents and warrants
     to the Lenders, the Agent and the Co-Agents that, as of the date hereof,
     (a) the representations and warranties set forth in Sections 6.01, 6.02,
     6.03, 6.04, 6.05, 6.14, 6.16 and 6.17 are true and correct (other than with
     respect to PFCI), (b) since the audited financial statements of the
     Consolidated Pulte Group dated as of December 31, 1996 which has been
     previously delivered to the Lenders, there have occurred no changes or
     circumstances which have had or are likely to have a material adverse
     effect on the financial condition of the Consolidated Pulte Group taken as
     a whole, (c) except as previously disclosed in its annual and quarterly
     filings with the Securities and Exchange Commission (none of which
     disclosed matters the Borrower deems to be material), there are no actions,
     suits or legal, equitable, arbitration or administrative proceedings
     pending or, to the knowledge of the Borrower, threatened against any member
     of the Consolidated Pulte Group which, if adversely determined, would
     likely have a material adverse effect on the financial or business
     condition of the Consolidated Pulte Group taken as a whole and (d) no
     Default or Event of Default exists and is continuing.

9.   Conditions Precedent. The effectiveness of this Third Amendment is subject
     to the receipt by the Agent of copies of this Third Amendment duly executed
     by the Borrower, the Guarantors and each of the Lenders.

10.  Acknowledgment of Guarantors. The Guarantors acknowledge and consent to
     all of the terms and conditions of this Third Amendment and agree that this
     Third Amendment and all documents executed in connection herewith do not
     operate to reduce or discharge the Guarantors' obligations under the
     Guaranty Agreements or the other Loan Documents.

11.  No Other Changes. Except as expressly modified and amended in this Third
     Amendment, all of the terms, provisions and conditions of the Loan
     Documents shall remain unchanged.

12.  Counterparts. This Third Amendment may be executed in any number of
     counterparts and by the parties hereto in separate counterparts, each of
     which when so executed and delivered shall be deemed to be an original and
     all of which taken together shall constitute one and the same instrument.


                                        5


<PAGE>   6





13.  ENTIRETY. THIS THIRD AMENDMENT AND THE OTHER LOAN DOCUMENTS EMBODY THE
     ENTIRE AGREEMENT BETWEEN THE PARTIES AND SUPERSEDE ALL PRIOR AGREEMENT'S
     AND UNDERSTANDINGS, ORAL OR WRITTEN, IF ANY, RELATING TO THE SUBJECT MATTER
     HEREOF.

14.  GOVERNING LAW. THIS THIRD AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
     PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
     ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)




                                        6




<PAGE>   7





This Third Amendment is executed as of the day and year first written above.

                                   BORROWER

                                   PULTE CORPORATION

                                   By:  /s/    James A. Weissenborn
                                       ---------------------------------
                                   Name:       James A. Weissenborn
                                       ---------------------------------
                                   Title:      Treasurer/Vice President
                                       ---------------------------------



                                   GUARANTORS

                                   BUILDER'S SUPPLY & LUMBER CO., INC.

                                   By:  /s/    Calvin R. Boyd
                                      ---------------------------------
                                   Name:       Calvin R. Boyd
                                      ---------------------------------
                                   Title:      Assistant Secretary
                                      ---------------------------------

                                   FAIRMONT BUILDING CORPORATION

                                   By:  /s/    Calvin R. Boyd
                                      ---------------------------------
                                   Name:       Calvin R. Boyd
                                      ---------------------------------
                                   Title:      Assistant Secretary
                                      ---------------------------------

                                   PULTE DIVERSIFIED COMPANIES, INC.

                                   By:  /s/    Calvin R. Boyd
                                      ---------------------------------
                                   Name:       Calvin R. Boyd
                                      ---------------------------------
                                   Title:      Assistant Secretary
                                      ---------------------------------

                                  PULTE FINANCIAL COMPANIES, INC.


                                   By:  /s/    Calvin R. Boyd
                                      ---------------------------------
                                   Name:       Calvin R. Boyd
                                      ---------------------------------
                                   Title:      Assistant Secretary
                                      ---------------------------------

                             [signatures continued]

<PAGE>   8
                                     PULTE HOME CORPORATION


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     PULTE DEVELOPMENT CORPORATION


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------



                                     PULTE HOMES, INC.


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     PULTE HOMES OF GREATER KANSAS CITY, INC.


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     PULTE HOME CORPORATION OF MASSACHUSETTS


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:     Calvin R. Boyd
                                          --------------------------------------
                                     Title:    Assistant Secretary
                                           -------------------------------------

<PAGE>   9
                                     PULTE HOMES OF MICHIGAN CORPORATION


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     PULTE HOMES OF MINNESOTA CORPORATION


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------



                                     PULTE HOMES OF OHIO CORPORATION


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     PULTE HOME CORPORATION OF TEXAS


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------


                                     SEAN\CHRISTOPHER HOMES, INC.


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:    Calvin R. Boyd
                                          --------------------------------------
                                     Title:   Assistant Secretary
                                           -------------------------------------

<PAGE>   10
                                     PULTE LIFESTYLE COMMUNITIES, INC.


                                     BY:    /s/Calvin R. Boyd
                                       -----------------------------------------
                                     Name:     Calvin R. Boyd
                                          --------------------------------------
                                     Title:    Assistant Secretary
                                          --------------------------------------
<PAGE>   11
                                     LENDERS
                                     -------
                                     NATIONSBANK, N.A., IN ITS CAPACITY AS AGENT
                                     AND AS A LENDER

                                     BY:    /s/Wallace Harris, Jr.
                                       -----------------------------------------
                                     Name:     WALLACE W. HARRIS, JR.
                                          --------------------------------------
                                     Title:    VICE PRESIDENT
                                           -------------------------------------


<PAGE>   12
                                     COMERICA BANK, in its capacity
                                     as Co-Agent and as a Lender


                                     BY:    /s/Hugh G. Porter
                                       -----------------------------------------
                                     Name:     Hugh G. Porter
                                          --------------------------------------
                                     Title:    VICE PRESIDENT
                                           -------------------------------------
<PAGE>   13
                                     THE FIRST NATIONAL BANK OF CHICAGO,
                                     in its capacity as Co-Agent and as
                                     Lender


                                     BY:    /s/Kevin L. Gillen
                                       -----------------------------------------
                                     Name:     Kevin L. Gillen
                                          --------------------------------------
                                     Title:    ASSISTANT VICE PRESIDENT
                                           -------------------------------------
<PAGE>   14
                                     THE BANK OF NEW YORK


                                     BY:    /s/Patricia M. Dominum
                                       -----------------------------------------
                                     Name:     PATRICIA M. DOMINUM
                                          --------------------------------------
                                     Title:    VICE PRESIDENT
                                           -------------------------------------
<PAGE>   15
                                     SUNTRUST BANK


                                     BY:    /s/Roger Shreers
                                       -----------------------------------------
                                     Name:     Roger P. Shreers
                                          --------------------------------------
                                     Title:    Banking Officer
                                           -------------------------------------


                                     BY:    /s/Shelley Browne
                                       -----------------------------------------
                                     Name:     Shelley M. Browne
                                          --------------------------------------
                                     Title:    Vice President
                                           -------------------------------------
<PAGE>   16



                         CREDIT LYONNAIS CHICAGO BRANCH


                         By: /s/  Mary Ann Klemm
                            -----------------------------------
                         Name:    Mary Ann Klemm
                              ---------------------------------
                         Title:   Vice President and Group Head
                              ---------------------------------



                         CREDIT LYONNAISE CAYMAN ISLAND
                         BRANCH


                         By:  s/s Mary Ann Klemm
                            -----------------------------------
                         Name:    Mary Ann Klemm
                              ---------------------------------
                         Title:   Authorized Signature
                               --------------------------------
<PAGE>   17








                                        UNITED STATES NATIONAL BANK OF
                                        OREGON



                                        By: /s/  Monica J. Treacy
                                           ------------------------------
                                        Name:    Monica J. Treacy
                                             ----------------------------
                                        Title:   Assistant Vice President
                                              ---------------------------
<PAGE>   18




                                            THE BANK OF TOKYO-MITSUBISHI LTD.,
                                            CHICAGO BRANCH (f/k/a Bank of Tokyo,
                                            Ltd. Chicago Branch)




                                            By: /s/ Hajime Watanabe
                                                --------------------------------
                                            Name:   Hajime Watanabe
                                                 -------------------------------
                                            Title:  Deputy General Manager
                                                  ------------------------------
<PAGE>   19






                                             MICHIGAN NATIONAL BANK



                                             By: /s/ Jeffrey M. Terrill
                                                 -------------------------------
                                             Name:   Jeffrey M. Terrill
                                                  ------------------------------
                                             Title:  Relationship Manager
                                                   -----------------------------
<PAGE>   20
                                   EXHIBIT A
                                   ---------

                                                                EXHIBIT 2.01A(c)

                        FORM OF SWING LINE LOAN REQUEST

TO:           NATIONSBANK, N.A., as Lender
              100 North Tryon Street
              Charlotte, North Carolina 28255

RE:           Credit Agreement dated as of January 5, 1995 among Pulte
              Corporation (the "Borrower"), NationsBank, N.A., as Agent
              Comerica Bank and The First National Bank of Chicago, as Co-
              Agents and the Lenders party thereto (as amended from to time,
              the "Credit Agreement")

DATE:                        , 199
              ---------------     -

1.       This Swing Line Loan Request is made pursuant to the terms of the
         Credit Agreement.  Capitalized terms used herein and not
         otherwise defined herein shall have the meanings assigned to such
         terms in the Credit Agreement.

2.       Please be advised that the Borrower is requesting a Swing Line Loan,
         and in connection therewith sets forth below the terms on which such
         Swing Line Loan is requested to be made:

         (A)      Date of requested
                  Swing Line Loan                     --------------------------

         (B)      Principal Amount of
                  requested Swing Line Loan           --------------------------

         (C)      Type of Swing Line Loan
                  (Base Rate Loan or Quoted
                  Rate Swing Line Loan)               --------------------------

         (D)      If a Quoted Rate Swing
                  Line Loan, the Interest
                  Period and the last day
                  thereof                             --------------------------


<PAGE>   21
3.       The representations and warranties set forth in Sections 6.01, 6.02,
         6.03, 6.04, 6.05, 6.14, 6.16 and 6.17 of the Credit Agreement are
         true and correct in all material respects as if made on the date
         hereof.

4.       As of the date hereof, no Default or Event of Default has occurred and
         is continuing or would be caused by the requested Swing Line Loan.

                                             Very truly yours,

                                             PULTE CORPORATION

                                             By:
                                               ---------------------------------
                                             Name:
                                                  ------------------------------
                                             Title
                                                  ------------------------------
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.16
<SEQUENCE>4
<DESCRIPTION>LETTER OF REPRESENTATIONS
<TEXT>

<PAGE>   1

                                                                    EXHIBIT 4.16

                            LETTER OF REPRESENTATIONS
                      [To be Completed by Issuer and Agent]

                                PULTE CORPORATION
                                [Name of Issuer]

                          BANK ONE TRUST COMPANY, N.A.
          (Successor-In-Interest to the First National Bank of Chicago)
                                 [Name of Agent]

                                                                   April 3, 2000

Attention:  General Counsel's Office
THE DEPOSITORY TRUST COMPANY
55 Water Street 49th Floor
New York, New York 10041-0099

         Re:      Pulte Corporation
                  $175,000,000 9 1/2% Senior Notes Due 2003

Ladies and Gentlemen:

         This letter sets forth our understanding with respect to certain
matters relating to the Securities. Agent shall act as trustee, paying agent,
fiscal agent, or other agent of Issuer with respect to the Securities. The
Securities have been issued pursuant to a trust indenture, resolution, or other
such document authorizing the issuance of the Securities dated April 3, 2000
(the "Document"). Merrill Lynch & Co. is distributing the Securities through The
Depository Trust Company ("DTC").

         To induce DTC to accept the Securities as eligible for deposit at DTC,
and to act in accordance with its Rules with respect to the Securities, Issuer
and Agent make the following representations to DTC:

         1.    Prior to closing on the Securities on April 3, 2000, there shall
be deposited with DTC one or more Security certificates registered in the name
of DTC's nominee, Cede & Co., for each stated maturity of the Securities in the
face amounts set forth on Schedule A hereto, the total of which represents 100%
of the principal amount of such Securities. If, however, the aggregate principal
amount of any maturity exceeds $400 million, one certificate shall be issued
with respect to each $400 million of principal amount and an additional
certificate shall be issued with respect to any remaining principal amount. Each
Security certificate shall bear the following legend:

               Unless this certificate is presented by an authorized
         representative of The Depository Trust Company, a New York corporation
         ("DTC"), to Issuer or its agent for registration of transfer, exchange,
         or payment, and any certificate issued is registered in




<PAGE>   2


         the name of Cede & Co. or in such other name as is requested by an
         authorized representative of DTC (and any payment is made to Cede &
         Co. or to such other entity as is requested by an authorized
         representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR
         VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
         registered owner hereof, Cede & Co., has an interest herein.

Issuer represents:  [NOTE:  ISSUER MUST REPRESENT ONE OF THE FOLLOWING, AND
SHALL CROSS OUT THE OTHER.)


         The Security certificate(s) shall remain in Agent's custody as a
"Balance Certificate" subject to the provisions of the Balance Certificate
Agreement between Agent and DTC currently in effect.

         On each day on which Agent is open for business and on which it
receives an instruction originated by a DTC participant ("Participant") through
DTC's Deposit/Withdrawal at Custodian ("DWAC") system to increase the
Participant's account by a specified number of Securities (a "Deposit
Instruction"), Agent shall, no later than 6:30 p.m. (Eastern Time) that day,
either approve or cancel the Deposit Instruction through the DWAC system.

         On each day on which Agent is open for business and on which it
receives an instruction originated by a Participant through the DWAC system to
decrease the Participant's account by a specified number of Securities (a
"Withdrawal Instruction"), Agent shall, no later than 6:30 p.m. (Eastern Time)
that day, either approve or cancel the Withdrawal Instruction through the DWAC
system.

         Agent agrees that its approval of a Deposit or Withdrawal Instruction
shall be deemed to be the receipt by DTC of a new reissued or reregistered
certificated Security on registration of transfer to the name of Cede & Co. for
the quantity of Securities evidenced by the Balance Certificate after the
Deposit or Withdrawal Instruction is effected.

         2.   Issuer: (a) understands that DTC has no obligation to, and will
not, communicate to its Participants or to any person having an interest in the
Securities any information contained in the Security certificate(s); and (b)
acknowledges that neither DTC's Participants nor any person having an interest
in the Securities shall be deemed to have notice of the provisions of the
Security certificate(s) by virtue of submission of such certificate(s) to DTC.

         3.    In the event of any solicitation of consents from or voting by
holders of the Securities, Issuer or Agent shall establish a record date for
such purposes (with no provision for revocation of consents or votes by
subsequent holders) and shall send notice of such record date to DTC no fewer
than 15 calendar days in advance of such record date. Notices to DTC pursuant to
this Paragraph by telecopy shall be directed to DTC's Reorganization Department,
Proxy Unit at (212) 855-5181 or (212) 855-5182. If the party sending the notice
does not receive a telecopy receipt from DTC confirming that the notice has been
received, such party shall telephone (212) 855-5202. Notices to DTC pursuant to
this Paragraph, by mail or by any other means, shall be sent to:


                                       2

<PAGE>   3


                            Supervisor, Proxy Unit
                            Reorganization Department
                            The Depository Trust Company
                            55 Water Street 50th Floor
                            New York, New York 10041-0099

          4.   In the event of a full or partial redemption, Issuer or Agent
shall send a notice to DTC specifying: (a) the amount of the redemption or
refunding; (b) in the case of a refunding, the maturity date(s) established
under the refunding; and (c) the date such notice is to be distributed to
Security holders (the "Publication Date"). Such notice shall be sent to DTC by a
secure means (e.g., legible telecopy, registered or certified mail, overnight
delivery) in a timely manner designed to assure that such notice is in DTC's
possession no later than the close of business on the business day before or, if
possible, two business days before the Publication Date. Issuer or Agent shall
forward such notice either in a separate secure transmission for each CUSIP
number or in a secure transmission for multiple CUSIP numbers (if applicable)
which includes a manifest or list of each CUSIP number submitted in that
transmission. (The party sending such notice shall have a method to verify
subsequently the use of such means and the timeliness of such notice.) The
Publication Date shall be no fewer than 30 days nor more than 60 days prior to
the redemption date or, in the case of an advance refunding, the date that the
proceeds are deposited in escrow. Notices to DTC pursuant to this Paragraph by
telecopy shall be directed to DTC's Call Notification Department at (516)
227-4164 or (516) 227-4190. If the party sending the notice does not receive a
telecopy receipt from DTC confirming that the notice has been received, such
party shall telephone (516) 227-4070. Notices to DTC pursuant to this Paragraph,
by mail or by any other means, shall be sent to:

                            Manager, Call Notification Department
                            The Depository Trust Company
                            711 Stewart Avenue
                            Garden City, New York 11530-4719

         5.    In the event of a pro rata reduction of principal, Agent shall
send DTC written notice with respect to the dollar amount per $1,000 original
face value (or other minimum authorized denomination if less than $1,000 face
value) payable on each payment date allocated as to the interest and principal
portions thereof preferably five, but no fewer than two, business days prior to
such payment date. Such notice, shall clearly indicate that it relates to a pro
rata reduction of principal. Furthermore, the notice shall also contain the
current pool factor or ratio and Agent contact's name and telephone number.
Notices to DTC pursuant to this Paragraph by telecopy shall be directed to DTC's
Dividend Department at (212) 855-4555. If the party sending the notice does not
receive a telecopy receipt from DTC confirming that the notice has been
received, such party shall telephone (212) 855-4550. Notices to DTC pursuant to
this Paragraph, or by mail or by any other means, shall be sent to:

                            Manager, Announcements
                            Dividend Department



                                       3

<PAGE>   4


                            The Depository Trust Company
                            55 Water Street 25th Floor
                            New York, New York 10041-0099

         6.    In the event of an invitation to tender the Securities (including
mandatory tenders, exchanges, and capital changes), notice by Issuer or Agent to
Security holders shall be sent to DTC specifying the terms of the tender and the
Publication Date of such notice. Such notice shall be sent to DTC by a secure
means (e.g., legible telecopy, registered or certified mail, overnight delivery)
in a timely manner designed to assure that such notice is in DTC's possession no
later than the close of business on the business day before or, if possible, two
business days before the Publication Date. Issuer or Agent shall forward such
notice either in a separate secure transmission for each CUSIP number or in a
secure transmission for multiple CUSIP numbers (if applicable) which includes a
manifest or list of each CUSIP number submitted in that transmission. (The party
sending such notice shall have a method to verify subsequently the use and
timeliness of such notice.) Notices to DTC pursuant to this Paragraph and
notices of other corporate actions by telecopy shall be directed to DTC's
Reorganization Department at (212) 855-5488. If the party sending the notice
does not receive a telecopy receipt from DTC confirming that the notice has been
received, such party shall telephone (212) 855-5290. Notices to DTC pursuant to
this Paragraph, by mail or by any other means, shall be sent to:

                            Manager, Reorganization Department
                            Reorganization Window
                            The Depository Trust Company
                            55 Water Street 50th Floor
                            New York, New York 10041-0099

         7.    It is understood that if the Security holders shall at any time
have the right to tender the Securities to Issuer and require that Issuer
repurchase such holders' Securities pursuant to the Document and Cede & Co., as
nominee of DTC, or its registered assigns, as the record owner, is entitled to
tender the Securities, such tenders will be effected by means of DTC's Repayment
Option Procedures. Under the Repayment Option Procedures, DTC shall receive,
during the applicable tender period, instructions from its Participants to
tender Securities for purchase. Issuer and Agent agree that such tender for
purchase may be made by DTC by means of a book-entry credit of such Securities
to the account of Agent, provided that such credit is made on or before the
final day of the applicable tender period. DTC agrees that promptly after the
recording of any such book-entry credit, it will provide to Issuer or Agent an
Agent Receipt and Confirmation or the equivalent, in accordance with the
Repayment Option Procedures, identifying the Securities and the aggregate
principal amount thereof as to which such tender for purchase has been made.
         Issuer or Agent shall send DTC notice regarding such optional tender by
hand or by a secure means (e.g., legible facsimile transmission, registered or
certified mail, overnight delivery) in a timely manner designed to assure that
such notice is in DTC's possession no later than the close of business two
business days before the Publication Date. The Publication Date shall be no
fewer than 15 days prior to the expiration date of the applicable tender period.
Such notice shall state whether any partial redemption of the Securities is
scheduled to occur during


                                       4

<PAGE>   5


the applicable optional tender period. Notices to DTC pursuant to the above by
telecopy shall be directed to DTC's Put Bond Unit at (212) 855-5235. If the
party sending the notice does not receive a telecopy receipt from DTC confirming
that the notice has been received, such party shall telephone (212) 855-5230.
Notices to DTC pursuant to the above by mail or by any other means shall be sent
to:

                            Supervisor, Put Bond Unit
                            Reorganization Department
                            The Depository Trust Company
                            55 Water Street 50th Floor
                            New York, New York 10041-0099

         8.    All notices and payment advices sent to DTC shall contain the
CUSIP number of the Securities.

         9.    In the event of a change in the interest rate, Agent shall send
notice to DTC of such change and Agent shall indicate the stated coupon rate.
Such notice, which shall include Agent contact's name and telephone number, by
telecopy shall be directed to DTC's Dividend Department at (212) 855-4555. If
the party sending the notice does not receive a telecopy receipt from DTC
confirming that the notice has been received, such party shall telephone (212)
855-4550. Notices to DTC pursuant to this Paragraph, by mail or by any other
means, shall be sent to:

                            Manager, Announcements
                            Dividend Department
                            The Depository Trust Company
                            55 Water Street 25th Floor
                            New York, New York 10041-0099

         10.   Issuer or Agent shall provide a written notice of interest
payment information, including the stated coupon rate information, to DTC as
soon as the information is available. Issuer or Agent shall provide such notice
directly to DTC electronically, as previously arranged by Issuer or Agent. If
electronic transmission has not been arranged, absent any other arrangements
between Issuer or Agent and DTC, such information shall be sent by telecopy to
DTC's Dividend Department at (212) 855-4555 or (212) 855-4556. If the party
sending the notice does not receive a telecopy receipt from DTC confirming that
the notice has been received, such party shall telephone (212) 855-4550. Notices
to DTC pursuant to this Paragraph, by mail or by any other means, shall be sent
to DTC's Dividend Department to the address indicated in Paragraph 9.

         11.   Interest payments and principal payments that are part of
periodic principal-and-interest payments shall be received by Cede & Co., as
nominee of DTC, or its registered assigns, in same-day funds no later than 2:30
p.m. (Eastern Time) on the payment date. Issuer shall remit by 1:00 p.m.
(Eastern Time) on the payment date all such interest payments due Agent, or at
such earlier time as may be required by Agent to guarantee that DTC shall
receive payment in same-day funds no later than 2:30 p.m. (Eastern Time) on the
payment date. Absent any other


                                       5

<PAGE>   6


arrangements between Issuer or Agent and DTC, such funds shall be wired to the
Dividend Deposit Account number that will be stamped on the signature page
hereof at the time DTC executes this Letter of Representations.

         12.   Issuer or Agent shall provide DTC's Dividend Department, no later
than 12:00 noon (Eastern Time) on the payment date, automated notification of
CUSIP-level detail. If the circumstances prevent the funds paid to DTC from
equaling the dollar amount associated with the detail payments by 12:00 noon
(Eastern Time), Issuer or Agent must provide CUSIP-level reconciliation to DTC
no later than 2:30 p.m. (Eastern Time). Reconciliation must be provided by
either automated means or written format. Such reconciliation notice, if sent by
telecopy, shall be directed to DTC's Dividend Department at (212) 855-4633, and
receipt of such reconciliation notice shall be confirmed by telephoning (212)
855-4430.

         13.   Maturity and redemption payments allocated with respect to each
CUSIP number shall be received by Cede & Co., as nominee of DTC, or its
registered assigns, in same-day funds no later than 2:30 p.m. (Eastern Time) on
the payment date. Issuer shall remit by 1:00 p.m. (Eastern Time) on the payment
date all maturity and redemption payments due Agent, or at such earlier time as
required by Agent to guarantee that DTC shall receive payment in same-day funds
no later than 2:30 p.m. (Eastern Time) on the payment date. Absent any other
arrangements between Issuer or Agent and DTC, such funds shall be wired to the
Redemption Deposit Account number that will be stamped on the signature page
hereof at the time DTC executes this Letter of Representations.

         14.   Principal payments (plus accrued interest, if any) as a result of
optional tenders for purchase effected by means of DTC's Repayment Option
Procedures shall be received by Cede & Co., as nominee of DTC, or its registered
assigns, in same-day funds no later than 2:30 p.m. (Eastern Time) on the payment
date. Issuer shall remit by 1:00 p.m. (Eastern Time) on the payment date all
such reorganization payments due Agent, or at such earlier time as required by
Agent to guarantee that DTC shall receive payment in same-day funds no later
than 2:30 p.m. (Eastern Time) on the payment date. Absent any other arrangements
between Issuer or Agent and DTC, such funds shall be wired to the Reorganization
Deposit Account number that will be stamped on the signature page hereof at the
time DTC executes this Letter of Representations.

         15.   DTC may direct Issuer or Agent to use any other number or address
as the number or address to which notices or payments may be sent.

         16.   In the event of a redemption, acceleration, or any other similar
transaction (e.g., tender made and accepted in response to Issuer's or Agent's
invitation) necessitating a reduction in the aggregate principal amount of
Securities outstanding or an advance refunding of part of the Securities
outstanding, DTC, in its discretion: (a) may request Issuer or Agent to issue
and authenticate a new Security certificate; or (b) may make an appropriate
notation on the Security certificate indicating the date and amount of such
reduction in principal except in the case of final maturity, in which case the
certificate will be presented to Issuer or Agent prior to payment, if required.


                                       6

<PAGE>   7

         17.   In the event that Issuer determines that beneficial owners of
Securities shall be able to obtain certificated Securities, Issuer or Agent
shall notify DTC of the availability of certificates. In such event, Issuer or
Agent shall issue, transfer, and exchange certificates in appropriate amounts,
as required by DTC and others.

         18.   DTC may discontinue providing its services as securities
depository with respect to the Securities at any time by giving reasonable
notice to Issuer or Agent (at which time DTC will confirm with Issuer or Agent
the aggregate principal amount of Securities outstanding). Under such
circumstances, at DTC's request, Issuer and Agent shall cooperate fully with DTC
by taking appropriate action to make available one or more separate certificates
evidencing Securities to any Participant having Securities credited to its DTC
accounts.

         19.   Nothing herein shall be deemed to require Agent to advance funds
on behalf of Issuer.

         20.   This Letter of Representations may be executed in any number of
counterparts, each of which when so executed, shall be deemed to be an original,
but all such counterparts together shall constitute but one and the same
instrument.

         21.   This Letter of Representations shall be governed by, and
construed in accordance with, the laws of the State of New York, without giving
effect to principles of conflicts of law.

         22.   The sender of each notice delivered to DTC pursuant to this
Letter of Representations is responsible for confirming that such notice was
properly received by DTC.

         23.   Issuer recognizes that DTC does not in any way undertake to, and
shall not have any responsibility to, monitor or ascertain the compliance of any
transactions in the Securities with the following, as amended from time to time:
(a) any exemptions from registration under the Securities Act of 1933; (b) the
Investment Company Act of 1940; (c) the Employee Retirement Income Security Act
of 1974; (d) the Internal Revenue Code of 1986; (e) any rules of any
self-regulatory organizations (as defined under the Securities Exchange Act of
1934); or (f) any other local, state, or federal laws or regulations thereunder.

         24.   Issuer hereby authorizes DTC to provide to Agent listings of
Participant's holdings known as Security Position Listings ("SPLs") with respect
to the Securities from time to time at the request of the Agent. DTC charges a
fee for such SPLs. This authorization, unless revoked by Issuer, shall continue
with respect to the Securities while any Securities are on deposit at DTC, until
and unless Agent shall no longer be acting. In such event, Issuer shall provide
DTC with similar evidence, satisfactory to DTC, of the authorization of any
successor thereto so to act. Requests for SPLs shall be sent by telecopy to the
Proxy Unit of DTC's Reorganization Department at (212) 855-5181 or (212)
855-5182. Receipt of such requests shall be confirmed by telephoning (212)
855-5202. Requests for SPL's, sent by mail or by any other means, shall be
directed to the address indicated in Paragraph 3.


                                       7

<PAGE>   8

         25.   Issuer and Agent shall comply with the applicable requirements
stated in DTC's Operational Arrangements, as they may be amended from time to
time. DTC's Operational Arrangements are posted on DTC's website at www.DTC.org.

         26.   The following rider(s), attached hereto, are incorporated into
this Letter of Representations:

               See attached rider.



                                       8

<PAGE>   9


NOTES:

A. IF THERE IS AN AGENT (AS DEFINED IN THIS LETTER OF REPRESENTATIONS), AGENT,
AS WELL AS ISSUER, MUST SIGN THIS LETTER. IF THERE IS NO AGENT, IN SIGNING THIS
LETTER ISSUER ITSELF UNDERTAKES TO PERFORM ALL OF THE OBLIGATIONS SET FORTH
HEREIN.

B. SCHEDULE B CONTAINS STATEMENTS THAT DTC BELIEVES ACCURATELY DESCRIBE DTC, THE
METHOD OF EFFECTING BOOK-ENTRY TRANSFERS OF SECURITIES DISTRIBUTED THROUGH DTC,
AND CERTAIN RELATED MATTERS.

                                   Very truly yours,

                                                 Pulte Corporation
                                   ---------------------------------------------
                                                       (Issuer)


                                   By:    /s/  Bruce E. Robinson
                                      ------------------------------------------
                                        (Authorized Officer's Signature)

                                            Bank One Trust Company
                                   ---------------------------------------------
                                                       (Agent)


                                   By:    /s/  Sandy Caruba
                                      ------------------------------------------
                                        (Authorized Officer's Signature)



Received and Accepted:
THE DEPOSITORY TRUST COMPANY












cc:      Underwriter/Placement Agent
         Underwriter's/Placement Agent's Counsel



                                       9


<PAGE>   10


                                                                      SCHEDULE A



                  Pulte Corporation
         -----------------------------------------------------------------------

                  $175,000.00               9 1/2% Senior Notes Due 2003
         -----------------------------------------------------------------------
                                    (Describe Issue)


         CUSIP Number      Principal Amount      Maturity Date    Interest Rate
         ------------      ----------------      -------------    -------------

         745867  AE  1







                                       10

<PAGE>   11


                                                                      SCHEDULE B

                        SAMPLE OFFERING DOCUMENT LANGUAGE
                       DESCRIBING BOOK-ENTRY-ONLY ISSUANCE
 (Prepared by DTC - bracketed material may be applicable only to certain issues)

         1.    The Depository Trust Company ("DTC"), New York, NY, will act as
securities depository for the securities (the "Securities"). The Securities will
be issued as fully-registered securities registered in the name of Cede & Co.
(DTC's partnership nominee) or such other name as may be requested by an
authorized representative of DTC. One fully-registered Security certificate will
be issued for [each issue of] the Securities, [each] in the aggregate principal
amount of such issue, and will be deposited with DTC. [If, however, the
aggregate principal amount of [any] issue exceeds $400 million, one certificate
will be issued with respect to each $400 million of principal amount and an
additional certificate will be issued with respect to any remaining principal
amount of such issue.]

         2.    DTC is a limited-purpose trust company organized under the New
York Banking Law, a "banking organization" within the meaning of New York
Banking Law, a member of the Federal Reserve System, a "clearing corporation"
within the meaning of the New York Uniform Commercial Code, and a "clearing
agency" registered pursuant to the provisions of Section 17A of the Securities
Exchange Act of 1934. DTC holds securities that its participants ("Direct
Participants") deposit with DTC. DTC also facilitates the settlement among
Direct Participants of securities transactions, such as transfers and pledges,
in deposited securities through electronic computerized book-entry changes in
Direct Participants' accounts, thereby eliminating the need for physical
movement of securities certificates. Direct Participants include securities
brokers and dealers, banks, trust companies, clearing corporations, and certain
other organizations. DTC is owned by a number of its Direct Participants and by
the New York Stock Exchange, Inc., the American Stock Exchange LLC, and the
National Association of Securities Dealers, Inc. Access to the DTC system is
also available to others such as securities brokers and dealers, banks, and
trust companies that clear through or maintain a custodial relationship with a
Direct Participant, either directly or indirectly ("Indirect Participants"). The
Rules applicable to DTC and its Direct and Indirect Participants are on file
with the Securities and Exchange Commission.

         3.    Purchases of Securities under the DTC system must be made by or
through Direct Participants, which will receive a credit for the Securities of
DTC's records. The ownership interest of each actual purchaser of each Security
("Beneficial Owner") is in turn to be recorded on the Direct and Indirect
Participant's records. Beneficial Owners will not receive written confirmation
from DTC or their purchase, but Beneficial Owners are expected to receive
written confirmations providing details of the transaction, as well as periodic
statements of their holdings, from the Direct or Indirect Participant through
which the Beneficial Owner entered into this transaction. Transfers of ownership
interests in the Securities are to be accomplished by entries made on the books
of Direct and Indirect Participants acting on behalf of Beneficial Owners.
Beneficial Owners will not receive certificates representing their ownership
interests in Securities, except in the event that use of the book-entry system
for the Securities is discontinued.


                                       11

<PAGE>   12


         4.    To facilitate subsequent transfers, all Securities deposited by
Direct Participants with DTC are registered in the name of DTC's partnership
nominee, Cede & Co. or such other name as may be requested by an authorized
representative of DTC. The deposit of Securities with DTC and their registration
in the name of Cede & Co. or such other nominee do not effect any change in
beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of
the Securities; DTC's records reflect only the identity of the Direct
Participants to whose accounts such Securities are credited, which may or may
not be the Beneficial Owners. The Direct and Indirect Participants will remain
responsible for keeping account of their holdings on behalf of their customers.

         5.    Conveyance of notices and other communications by DTC to Direct
Participants, by Direct Participants to Indirect Participants, and by Direct
Participants and Indirect Participants to Beneficial Owners will be governed by
arrangements among them, subject to any statutory or regulatory requirements as
may be in effect from time to time. [Beneficial Owners of Securities may wish to
take certain steps to augment transmission to them of notices of significant
events with respect to the Securities, such as redemptions, tenders, defaults,
and proposed amendments to the security documents. Beneficial Owners of
Securities may wish to ascertain that the nominee holding the Securities for
their benefit has agreed to obtain and transmit notices to Beneficial Owners, or
in the alternative, Beneficial Owners may wish to provide their names and
addresses to the register and request that copies of the notices be provided
directly to them.]

         [6.   Redemption  notices  shall be sent to DTC.  If less than all of
the Securities within an issue are being redeemed, DTC's practice is to
determine by lot the amount of the interest of each Direct Participant in such
issues to be redeemed.]

         7.    Neither DTC nor Cede & Co. (nor such other DTC nominee) will
consent or vote with respect to the Securities. Under its usual procedures, DTC
mails an Omnibus Proxy to Issuer as soon as possible after the record date. The
Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct
Participants to whose accounts the Securities are credited on the record date
(identified in a listing attached to the Omnibus Proxy).

         8.    Redemption proceeds, distributions, and dividend payments on the
Securities will be made to Cede & Co., or such other nominee as may be requested
by an authorized representative of DTC. DTC's practice is to credit Direct
Participant's accounts, upon DTC's receipt of funds and corresponding detail
information from Issuer or Agent on payable date in accordance with their
respective holdings shown on DTC's records. Payment by Participants to
Beneficial Owners will be governed by standing instructions and customary
practices, as is the case with securities held for the accounts of customers in
bearer form or registered in "street name," and will be the responsibility of
such Participant and not of DTC, Agent, or Issuer, subject to any statutory or
regulatory requirements as may be in effect from time to time. Payment of
redemption proceeds, distributions, and dividends to Cede & Co. (or such other
nominee as may be requested by an authorized representative of DTC) is the
responsibility of Issuer or Agent, disbursement of such payments to Direct
Participants shall be the responsibility of DTC, and disbursement of such
payments to the Beneficial Owners shall be the responsibility of Direct and
Indirect Participants.


                                       12

<PAGE>   13


         [9.   A Beneficial Owner shall give notice to elect to have its
Securities purchased or tendered, through its Participant, to
[Tender/Remarketing] Agent, and shall effect delivery of such Securities by
causing the Direct Participant to transfer the Participant's interest in the
Securities, on DTC's records, to [Tender/Remarketing] Agent. The requirement for
physical delivery of Securities in connection with an optional tender or a
mandatory purchase will be deemed satisfied when the ownership rights in the
Securities are transferred by Direct Participants on DTC's records and followed
by a book-entry credit of tendered Securities to [Tender/Remarketing] Agent's
DTC account.]

         10.   DTC may discontinue providing its services as securities
depository with respect to the Securities at any time by giving reasonable
notice to Issuer or Agent. Under such circumstances, in the event that a
successor securities depository is not obtained, Security certificates are
required to be printed and delivered.

         11.   Issuer may decided to discontinue use of the system of book-entry
transfers through DTC (or successor securities depository). In the event,
Security certificates will be printed and delivered.

         12.   The information in this section concerning DTC and DTC's book-
entry system has been obtained from sources that Issuer believes to be reliable,
but Issuer takes no responsibility for the accuracy thereof.



                                       13
<PAGE>   14


                   REPRESENTATIONS FOR RULE 144A SECURITIES -
                 TO BE INCLUDED IN DTC LETTER OR REPRESENTATIONS


         1.    Issuer represents that at the time of initial registration in the
name of DTC's nominee, Cede & Co., the Securities were Legally or Contractually
Restricted Securities,(1) eligible for transfer under Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and identified by a
CUSIP or CINS number assigned to any securities of the same class that were not
Legally or Contractually Restricted Securities. Issuer shall ensure that a CUSIP
or CINS identification number is obtained for all unrestricted securities of the
same class that is different from any CUSIP or CINS identification number
assigned to a Legally or Contractually Restricted Security of such class, and
shall notify DTC promptly in the event that it is unable to do so. Issuer
represents that it has agreed to comply with all applicable information
requirements of Rule 144A.

         2.    Issuer represents that the Securities are [NOTE: ISSUER MUST
REPRESENT ONE OF THE FOLLOWING, AND SHALL CROSS OUT THE OTHER.]

[an issue of nonconvertible debt securities or nonconvertible preferred stock
which is rated in one of the top four categories by a nationally recognized
statistical rating organization ("Investment Grade Securities").]

         3.    If the Securities are not Investment-Grade Securities, Issuer and
Agent acknowledge that if such Securities cease to be included in an SRO Rule
144A System during any period in which such Securities are Legally or
Contractually Restricted Securities, such Securities shall no longer be eligible
for DTC's services. Furthermore, DTC may discontinue providing its services as
securities depository with respect to the Securities at any time by giving
reasonable notice to Issuer or Agent. Under any of the aforementioned
circumstances, at DTC's request, Issuer and Agent shall cooperate fully with DTC
by taking appropriate action to make available one or more separate certificates
evidencing Securities to any DTC Participant ("Participant") having Securities
credited to its DTC accounts.

         4.    Issuer and Agent acknowledge that, so long as Cede & Co. is a
record owner of the Securities, Cede & Co. shall be entitled to all applicable
voting rights and receive the full amount of all distributions payable with
respect thereto. Issuer and Agent acknowledge that DTC shall treat any
Participant having Securities credited to its DTC accounts as entitled to the
full benefits of ownership of such Securities. Without limiting the generality
of the preceding sentence, Issuer and Agent acknowledge that DTC shall treat any
Participant having Securities credited to its DTC accounts as entitled to
receive distributions (and voting rights, if any) in

--------
(1) A "Legally Restricted Security" is a security that is a restricted security,
as defined in Rule 144(a)(3). A "Contractually Restricted Security" is a
security that upon issuance and continually thereafter can only be sold pursuant
to Regulation S under the Securities Act, Rule 144A, or in a transaction exempt
from the registration requirements of the Securities Act pursuant to Section 4
of the Securities Act and not involving any public offering; provided, however,
that once the security is sold pursuant to the provisions of Rule 144, including
Rule 144(k), it will thereby cease to be a "Contractually Restricted Security."
For purposes of this definition, in order for a depository receipt to be
considered a "Legally or Contractually Restricted Security," the underlying
security must also be a "Legally or Contractually Restricted Security."


                                       14

<PAGE>   15



respect of the Securities, and to receive from DTC certificates evidencing
Securities. Issuer and Agent recognize that DTC does not in any way undertake
to, and shall not have any responsibility to, monitor or ascertain the
compliance of any transactions in the Securities with any of the provisions: (a)
of Rule 144A; (b) of other exemptions from registration under the Securities Act
or any other state or federal securities law; or (c) of the offering documents.





                                       15
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.17
<SEQUENCE>5
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT
<TEXT>

<PAGE>   1
                                                                    EXHIBIT 4.17

                          REGISTRATION RIGHTS AGREEMENT


                            DATED AS OF APRIL 3, 2000


                                  BY AND AMONG


                                PULTE CORPORATION

                                       AND

                      MERRILL LYNCH, PIERCE, FENNER & SMITH
                                  INCORPORATED

                     AS THE INITIAL PURCHASER REPRESENTATIVE
                      FOR ITSELF AND THE INITIAL PURCHASERS
                       NAMED ON SCHEDULE A ATTACHED HERETO





<PAGE>   2


                          REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT (the "Agreement") dated as of April 3, 2000
by and among PULTE CORPORATION, a Michigan corporation (the "Company"), MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED (the "Initial Purchaser
Representative") and each of the other initial purchasers named on Schedule A
attached hereto (together with the Initial Purchaser Representative, the
"Initial Purchasers").

     This Agreement is made pursuant to the Purchase Agreement dated March 29,
2000 by and between the Company and the Initial Purchasers, as representative of
the Initial Purchasers (the "Purchase Agreement"), which provides for the sale
by the Company to the Initial Purchasers of $175,000,000 aggregate principal
amount of the Company's Series A 9 1/2% Senior Notes due 2003 (the
"Securities"). In order to induce the Initial Purchasers to enter into the
Purchase Agreement and in satisfaction of a condition to the Initial Purchasers'
obligations thereunder, the Company has agreed to provide to the Initial
Purchasers and their respective direct and indirect transferees and assigns the
registration rights set forth in this Agreement. The execution and delivery of
this Agreement is a condition to the closing under the Purchase Agreement.

     In consideration of the foregoing, the parties hereto agree as follows:

I.        Definitions.  As used in this Agreement, the following capitalized
defined terms shall have the following meanings:

          "1933 Act" shall mean the Securities Act of 1933, as amended from time
     to time, and the rules and regulations of the SEC promulgated thereunder.

          "1934 Act" shall mean the Securities Exchange Act of 1934, as amended
     from time to time, and the rules and regulations of the SEC promulgated
     thereunder.

          "Additional Interest" shall have the meaning set forth in Section 2(e)
     hereof.

          "Additional Interest Payment Date" shall have the meaning set forth in
     Section 2(e) hereof.

          "Closing Time" shall mean April 3, 2000.

          "Company" shall have the meaning set forth in the preamble to this
     Agreement and also includes the Company's successors.

          "Depositary" shall mean The Depository Trust Company, or any other
     depositary appointed by the Company, including any agent thereof; provided,


<PAGE>   3


     however, that any such depositary must at all times have an address in the
     Borough of Manhattan, in the City of New York.


          "Exchange Offer" shall mean the exchange offer by the Company of
     Exchange Securities for Registrable Securities pursuant to Section 2(a)
     hereof.

          "Exchange Offer Registration" shall mean a registration under the 1933
     Act effected pursuant to Section 2(a) hereof.

          "Exchange Offer Registration Statement" shall mean an exchange offer
     registration statement on Form S-4 (or, if applicable, on another
     appropriate form) covering the Registrable Securities, and all amendments
     and supplements to such registration statement, in each case including the
     Prospectus contained therein, all exhibits thereto and all material
     incorporated or deemed to be incorporated by reference therein.

          "Exchange Securities" shall mean the Series B 9 1/2% Senior Notes due
     2003 issued by the Company under the Indenture containing terms identical
     to the Securities (except that (i) interest thereon shall accrue from the
     last date to which interest has been paid or duly provided for on the
     Securities or, if no such interest has been paid or duly provided for, from
     the Interest Accrual Date, (ii) provisions relating to an increase in the
     stated rate of interest thereon upon the occurrence of a Registration
     Default shall be eliminated, (iii) the transfer restrictions and legends
     relating to restrictions on ownership and transfer thereof as a result of
     the issuance of the Securities without registration under the 1933 Act
     shall be eliminated, (iv) the denominations thereof shall be $1,000 and
     integral multiples of $1,000 and (v) all of the Exchange Securities will be
     represented by one or more global Exchange Securities in book-entry form
     unless exchanged for Exchange Securities in definitive certificated form
     under the circumstances provided in the Indenture) to be offered to Holders
     of Registrable Securities in exchange for Registrable Securities pursuant
     to the Exchange Offer.

          "Holders" shall mean (i) the Initial Purchasers, for so long as they
     own any Registrable Securities, and each of their successors, assigns and
     direct and indirect transferees who become registered owners of Registrable
     Securities under the Indenture and (ii) each Participating Broker-Dealer
     that holds Exchange Securities for so long as such Participating Broker-
     Dealer is required to deliver a Prospectus meeting the requirements of the
     1933 Act in connection with any resale of such Exchange Securities.

          "Indenture" shall mean the Indenture, dated as of October 24, 1995, as
     amended and supplemented by the Indenture Supplement dated as of August 27,
     1997, the Indenture Supplement dated as of March 20, 1998, the Indenture
     Supplement dated as of January 31, 1999, and the Indenture Supplement,
     dated as of the date hereof, each between the Company and Bank One Trust
     Company, N.A.(successor-in-interest to The First National Bank of Chicago),
     as Trustee, as


<PAGE>   4

     the same may be further amended or supplemented from time to time in
     accordance with the terms thereof.

          "Inspectors" shall have the meaning set forth in Section 3(q).
          "Interest Accrual Date" means April 3, 2000.

          "Initial Purchaser(s)" shall have the meaning set forth in the
     preamble of this Agreement.

          "Initial Purchaser Representative" shall have the meaning set forth in
     the preamble of this Agreement.

          "Majority Holders" shall mean the Holders of a majority of the
     aggregate principal amount of Registrable Securities outstanding, excluding
     Exchange Securities referred to in clause (ii) of the definition of
     "Holders" above; provided that whenever the consent or approval of Holders
     of a specified percentage of Registrable Securities or Exchange Securities
     is required hereunder, Registrable Securities and Exchange Securities held
     by the Company or any of its affiliates (as such term is defined in Rule
     405 under the 1933 Act) shall be disregarded in determining whether such
     consent or approval was given by the Holders of such required percentage.

          "NASD" shall mean the National Association of Securities Dealers, Inc.

          "Notifying Broker-Dealer" shall have the meaning set forth in Section
     3(h).

          "Participating Broker-Dealer" shall have the meaning set forth in
     Section 3(h).

          "Person" shall mean an individual, partnership, joint venture, limited
     liability company, corporation, trust or unincorporated organization, or a
     government or agency or political subdivision thereof.

          "Private Exchange Securities" shall have the meaning set forth in
     Section 2(a) hereof.

          "Prospectus" shall mean the prospectus included in a Registration
     Statement, including any preliminary prospectus, and any such prospectus as
     amended or supplemented by any prospectus supplement, including a
     prospectus supplement with respect to the terms of the offering of any
     portion of the Registrable Securities covered by a Shelf Registration
     Statement, and by all other amendments and supplements to a prospectus,
     including post-effective amendments, and in each case including all
     material incorporated or deemed to be incorporated by reference therein.



<PAGE>   5



          "Purchase Agreement" shall have the meaning set forth in the preamble
     to this Agreement.

          "Registrable Securities" shall mean the Securities; provided, however,
     that any Securities shall cease to be Registrable Securities when (i) a
     Registration Statement with respect to such Securities shall have been
     declared effective under the 1933 Act and such Securities shall have been
     disposed of pursuant to such Registration Statement, (ii) such Securities
     shall have been sold to the public pursuant to Rule 144(k) (or any similar
     provision then in force, but not rule 144A) under the 1933 Act, (iii) such
     Securities shall have ceased to be outstanding, (iv) such Securities have
     been exchanged for Exchange Securities which have been registered pursuant
     to the Exchange Offer Registration Statement upon consummation of the
     Exchange Offer unless, in the case of any Exchange Securities referred to
     in this clause (iv), such Exchange Securities are held by Participating
     Broker-Dealers or otherwise are not freely tradeable without any
     limitations or restrictions under the 1933 Act (in which case such Exchange
     Securities will be deemed to be Registrable Securities until such time as
     such Exchange Securities are sold to a purchaser in whose hands such
     Exchange Securities are freely tradeable without any limitations or
     restrictions under the 1933 Act) or (v) such Securities have been exchanged
     for Private Exchange Securities pursuant to this Agreement (in which case
     such Private Exchange Securities will be deemed to be Registrable
     Securities until such time as such Private Exchange Securities are sold to
     a purchaser in whose hands such Private Exchange Securities are freely
     tradeable without any limitation or restrictions under the 1933 Act).



          "Registration Default" shall have the meaning set forth in Section
     2(e).

          "Registration Expenses" shall mean any and all expenses incident to
     performance of or compliance by the Company with this Agreement, including
     without limitation: (i) all SEC, stock exchange or NASD registration and
     filing fees, (ii) all fees and expenses incurred in connection with
     compliance with state or other securities or blue sky laws and compliance
     with the rules of the NASD (including reasonable fees and disbursements of
     counsel for any underwriters or Holders in connection with qualification of
     any of the Exchange Securities or Registrable Securities under state or
     other securities or blue sky laws and any filing with and review by the
     NASD), (iii) all expenses of any Persons in preparing, printing and
     distributing any Registration Statement, any Prospectus, any amendments or
     supplements thereto, any underwriting agreements, securities sales
     agreements, certificates representing the Securities or Exchange Securities
     and other documents relating to the performance of and compliance with this
     Agreement, (iv) all rating agency fees, (v) all fees and expenses incurred
     in connection with the listing, if any, of any of the Securities, Private
     Exchange Securities (if any) or Exchange Securities on any securities
     exchange or


<PAGE>   6


     exchanges or on any quotation system, (vi) all fees and disbursements
     relating to the qualification of the Indenture under applicable securities
     laws, (vii) the fees and disbursements of counsel for the Company and the
     fees and expenses of independent public accountants for the Company or for
     any other Person, business or assets whose financial statements are
     included in any Registration Statement or Prospectus, including the
     expenses of any special audits or "cold comfort" letters required by or
     incident to such performance or compliance, (viii) the fees and expenses of
     a "qualified independent underwriter" as defined by Conduct Rule 2720 of
     the NASD (if required by the NASD rules) and the fees and disbursements of
     its counsel, (ix) the fees and expenses of the Trustee, any registrar, any
     depositary, any paying agent, any escrow agent or any custodian, in each
     case including fees and disbursements of their respective counsel, (x) fees
     and expenses of all other Persons retained by the Company, (xi) internal
     expenses of the Company (including, without limitation, all salaries and
     expenses of officers and employees of the Company performing legal or
     accounting duties), (xii) the expense of an annual audit, and (xiii) in the
     case of an underwritten offering, any fees and disbursements of the
     underwriters customarily paid by issuers or sellers of securities and the
     fees and expenses of any special experts retained by the Company in
     connection with any Registration Statement but excluding (except as
     otherwise provided herein) fees of counsel to the Holders and underwriting
     discounts and commissions and transfer taxes, if any, relating to the sale
     or disposition of Registrable Securities by a Holder; provided, however, in
     the event the Majority Holders designate in writing one counsel to act as
     counsel to the Holders in connection with any Registration Statement, the
     Company shall pay all fees and disbursements of such counsel.

          "Registration Statement" shall mean any registration statement of the
     Company relating to any offering of the Exchange Securities or Registrable
     Securities pursuant to the provisions of this Agreement (including, without
     limitation, any Exchange Offer Registration Statement and any Shelf
     Registration Statement), and all amendments and supplements to any such
     Registration Statement, including post-effective amendments, in each case
     including the Prospectus contained therein, all exhibits thereto and all
     material incorporated or deemed to be incorporated by reference therein.

          "SEC" shall mean the Securities and Exchange Commission.

          "Securities" shall have the meaning set forth in the preamble to this
     Agreement.

          "Shelf Registration" shall mean a registration effected pursuant to
     Section 2(b) hereof for an offering to be made on a continuing basis
     pursuant to Rule 415 under the 1933 Act covering all of the Registrable
     Securities on Form S-1 or another appropriate form permitting registration
     of such Registrable Securities for resale by such Holders in the manner
     designated by such Holders.



<PAGE>   7

          "Shelf Registration Statement" shall mean a "shelf" registration
     statement of the Company pursuant to the provisions of Section 2(b) of this
     Agreement which covers all of the Registrable Securities or Private
     Exchange Securities (if any), as the case may be, on an appropriate form
     under Rule 415 under the 1933 Act, or any similar rule that may be adopted
     by the SEC, and all amendments and supplements to such registration
     statement, including post-effective amendments, in each case including the
     Prospectus contained therein, all exhibits thereto and all material
     incorporated or deemed to be incorporated by reference therein.

          "Subsidiary Guarantor" shall mean any subsidiary of the Company that
     guarantees the obligations of the Company under the Securities and the
     Indenture.

          "TIA" shall mean the Trust Indenture Act of 1939, as amended
     from time to time, and the rules and regulations of the SEC promulgated
     thereunder.

          "Trustee" shall mean the trustee with respect to the Securities, the
     Private Exchange Securities (if any) and the Exchange Securities under the
     Indenture.

          "Underwriter" shall have the meaning set forth in Section 5(a).

     For purposes of this Agreement, (i) all references in this Agreement to any
Registration Statement, preliminary prospectus or Prospectus or any amendment or
supplement to any of the foregoing shall be deemed to include the copy filed
with the SEC pursuant to its Electronic Data Gathering, Analysis and Retrieval
system; (ii) all references in this Agreement to financial statements and
schedules and other information which is "contained", "included" or "stated" in
any Registration Statement, preliminary prospectus or Prospectus (or other
references of like import) shall be deemed to mean and include all such
financial statements and schedules and other information which is incorporated
or deemed to be incorporated by reference in such Registration Statement,
preliminary prospectus or Prospectus, as the case may be; (iii) all references
in this Agreement to amendments or supplements to any Registration Statement,
preliminary prospectus or Prospectus shall be deemed to mean and include the
filing of any document under the 1934 Act which is incorporated or deemed to be
incorporated by reference in such Registration Statement, preliminary prospectus
or Prospectus, as the case may be; (iv) all references in this Agreement to Rule
144, Rule 144A or Rule 405 under the 1933 Act, and all references to any
sections or subsections thereof or terms defined therein, shall in each case
include any successor provisions thereto; and (v) all references in this
Agreement to days (but not to business days) mean calendar days.


<PAGE>   8


I.        Registration Under the 1933 Act.

A.        Exchange Offer Registration. The Company shall (and, if required,
shall cause any then existing Subsidiary Guarantor to) (A) file with the SEC
within 120th days of the Closing Time an Exchange Offer Registration Statement
covering the offer by the Company to the Holders to exchange all of the
Registrable Securities for a like aggregate principal amount of Exchange
Securities, (B) use its commercially reasonable efforts to cause such Exchange
Offer Registration Statement to be declared effective by the SEC no later than
the 180th day after the Closing Time, (C) use its commercially reasonable
efforts to cause such Registration Statement to remain effective until the
closing of the Exchange Offer and (D) use its commercially reasonable efforts to
consummate the Exchange Offer no later than 30 days after the effective date of
the Exchange Offer Registration Statement. Upon the effectiveness of the
Exchange Offer Registration Statement, the Company shall promptly commence the
Exchange Offer, it being the objective of such Exchange Offer to enable each
Holder eligible and electing to exchange Registrable Securities for Exchange
Securities (assuming that such Holder is not an affiliate of the Company within
the meaning of Rule 405 under the 1933 Act, acquires the Exchange Securities in
the ordinary course of such Holder's business and has no arrangements or
understandings with any Person to participate in the Exchange Offer for the
purpose of distributing such Exchange Securities) to trade such Exchange
Securities from and after their receipt without any limitations or restrictions
under the 1933 Act or under the securities or blue sky laws of the states of the
United States.

     In connection with the Exchange Offer, the Company shall:

1.        promptly mail to each Holder a copy of the Prospectus forming part of
the Exchange Offer Registration Statement, together with an appropriate letter
of transmittal and related documents;

1.        keep the Exchange Offer open for not less than 20 business days (or
longer if required by applicable law) after the date notice thereof is mailed to
the Holders and, during the Exchange Offer, offer to all Holders who are legally
eligible to participate in the Exchange Offer the opportunity to exchange their
Registrable Securities for Exchange Securities;

1.        use the services of the Depositary for the Exchange Offer;

1.        permit Holders to withdraw tendered Registrable Securities at any time
prior to the close of business, New York City time, on the last business day on
which the Exchange Offer shall remain open, by sending to the institution
specified in the Prospectus or the related letter of transmittal or related
documents a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered
for exchange, and a statement that such Holder is withdrawing its election to
have such Securities exchanged; and


<PAGE>   9

1.        otherwise comply with all applicable laws relating to the Exchange
Offer.

     If, at or prior to the consummation of the Exchange offer, the Initial
Purchasers hold any Securities acquired by them and having the status of an
unsold allotment in the initial distribution, the Company shall, upon the
request of the Initial Purchasers, simultaneously with the delivery of the
Exchange Securities in the Exchange Offer, issue and deliver to Initial
Purchasers in exchange for such Securities a like aggregate principal amount of
debt securities of the Company that are identical (except that such debt
securities shall be subject to transfer restrictions and shall bear a legend
relating to restrictions on ownership and transfer as a result of the issuance
thereof without registration under the 1933 Act, shall provide for the payment
of Additional Interest and shall be issuable in denominations of $100,000 in
integral multiples of $1,000 in excess thereof) to the Exchange Securities (the
"Private Exchange Securities"). The Company shall use its best efforts to have
the Private Exchange Securities bear the same CUSIP number as the Exchange
Securities and, if unable to do so, the Company will, at such time as any
Private Exchange Security ceases to be a "restricted security" within the
meaning of Rule 144 under the 1933 Act, permit any such Private Exchange
Security to be exchanged for a like aggregate principal amount of Exchange
Securities.

     The Exchange Securities and the Private Exchange Securities (if any) shall
be issued under the Indenture, which shall be qualified under the TIA. The
Indenture shall provide that the Exchange Securities, the Private Exchange
Securities (if any) and the Securities shall vote and consent together on all
matters as a single class and shall constitute a single series of debt
securities issued under the Indenture.

     As soon as practicable after the close of the Exchange Offer, the Company
shall:

1.        accept for exchange all Registrable Securities duly tendered and not
validly withdrawn pursuant to the Exchange Offer in accordance with the terms of
the Exchange Offer Registration Statement and the letter of transmittal which is
an exhibit thereto;

1.        deliver, or cause to be delivered, to the Trustee for cancellation all
Registrable Securities so accepted for exchange by the Company; and

1.        cause the Trustee promptly to authenticate and deliver Exchange
Securities to each Holder of Registrable Securities equal in principal amount to
the principal amount of the Registrable Securities of such Holder so accepted
for exchange.

     Interest on each Exchange Security and Private Exchange Security (if any)
will accrue from the last date on which interest was paid or duly provided for
on the Securities surrendered in exchange therefor or, if no interest has been
paid or duly provided for on such Securities, from the Interest Accrual Date.
The Exchange Offer shall not be subject to any conditions, other than (i) that
the Exchange Offer, or the making of any exchange



<PAGE>   10

by a Holder, does not violate any applicable law or any applicable
interpretation of the staff of the SEC and (ii) that the Holders tender the
Registrable Securities to the Company in accordance with the Exchange Offer.
Each Holder of Registrable Securities (other than Participating Broker-Dealers)
who wishes to exchange such Registrable Securities for Exchange Securities in
the Exchange Offer shall have represented that (i) it is not an affiliate (as
defined in Rule 405 under the 1933 Act) of the Company, or, if it is such an
affiliate, it will comply with the registration and prospectus delivery
requirements of the 1933 Act to the extent applicable, (ii) any Exchange
Securities to be received by it will be acquired in the ordinary course of
business and (iii) at the time of the commencement of the Exchange Offer, it has
no arrangement with any Person to participate in the distribution (within the
meaning of the 1933 Act) of the Exchange Securities, and it shall have made such
other representations as may be reasonably necessary under applicable SEC rules,
regulations or interpretations to render the use of Form S-4 or another
appropriate form under the 1933 Act available. To the extent permitted by law,
the Company shall inform the Initial Purchasers of the names and addresses of
the Holders of Securities to whom the Exchange Offer is made and, to the extent
such information is available to the Company, the names and addresses of the
beneficial owners of such Securities, and the Initial Purchasers shall have the
right to contact such Holders and beneficial owners and otherwise facilitate the
tender of Registrable Securities in the Exchange Offer.

A.        Shelf Registration. (i) If, because of any change in law or applicable
interpretations thereof by the staff of the SEC, the Company is not permitted to
effect the Exchange Offer as contemplated by Section 2(a) hereof, (ii) if for
any other reason (A) the Exchange Offer Registration Statement is not declared
effective within 180 days following the Closing Time or (B) the Exchange Offer
is not consummated within 30 days after effectiveness of the Exchange Offer
Registration Statement, (iii) if any Holder (other than an Initial Purchaser
holding Securities acquired directly from the Company) is not eligible to
participate in the Exchange Offer or elects to participate in the Exchange Offer
but does not receive Exchange Securities which are freely tradeable without any
limitations or restrictions under the 1933 Act or any applicable state
securities or blue sky laws, (iv) upon the request of any Initial Purchaser
within 60 days following the consummation of the Exchange Offer (provided that,
in the case of this clause (iv), such Initial Purchaser shall hold Registrable
Securities (including, without limitation, Private Exchange Securities) that it
acquired directly from the Company), or (v) if in the Majority Holders'
reasonable judgment, the interests of Holders taken as a whole, would be
materially adversely affected by consummation of an Exchange Offer, the Company
shall (and shall cause any then existing Subsidiary Guarantor), at its cost:

a)        as promptly as practicable, but no later than (a) the 180th day after
the Closing Time or (b) the 30th day after any such filing obligation arises,
whichever is later, file with the SEC a Shelf Registration Statement relating to
the offer and sale of the Registrable Securities by the Holders from time to
time in accordance with the methods of distribution elected by the Majority
Holders of such Registrable Securities and set forth in such Shelf Registration
Statement;


<PAGE>   11

a)        use its best efforts to cause such Shelf Registration Statement to be
declared effective by the SEC as promptly as practicable, but in no event later
than the 210th day after the Closing Time (or, in the case of a request by any
Initial Purchaser pursuant to clause (iv) above, within 30 days after such
request). In the event that the Company is required to file a Shelf Registration
Statement pursuant to clause (iii) or (iv) above, the Company shall file and use
its best efforts to have declared effective by the SEC both an Exchange Offer
Registration Statement pursuant to Section 2(a) with respect to all Registrable
Securities and a Shelf Registration Statement (which may be a combined
Registration Statement with the Exchange Offer Registration Statement) with
respect to offers and sales of Registrable Securities held by such Holder or
such Initial Purchaser, as applicable;

a)        use its best efforts to keep the Shelf Registration Statement
continuously effective, supplemented and amended as required, in order to permit
the Prospectus forming part thereof to be usable by Holders for a period of two
years after the latest date on which any Securities are originally issued by the
Company (subject to extension pursuant to the last paragraph of Section 3) or,
if earlier, when all of the Registrable Securities covered by such Shelf
Registration Statement (i) have been sold pursuant to the Shelf Registration
Statement in accordance with the intended method of distribution thereunder or
(ii) cease to be Registrable Securities; and b) notwithstanding any other
provisions hereof, ensure that (i) any Shelf Registration Statement and any
amendment thereto and any Prospectus forming a part thereof and any supplements
thereto comply in all material respects with the 1933 Act and the rules and
regulations thereunder, (ii) any Shelf Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading and (iii) any Prospectus
forming part of any Shelf Registration Statement and any amendment or supplement
to such Prospectus does not include an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading.

     The Company shall not permit any securities other than Registrable
Securities to be included in any Shelf Registration Statement. The Company
further agrees, if necessary, to supplement or amend the Shelf Registration
Statement if reasonably requested by the Majority Holders with respect to
information relating to the Holders and otherwise as required by Section 3(b)
below, to use its best efforts to cause any such amendment to become effective
and such Shelf Registration Statement to become usable as soon as practicable
thereafter and to furnish to the Holders of Registrable Securities copies of any
such supplement or amendment promptly after its being used or filed with the
SEC.

A.        Expenses. The Company shall pay all Registration Expenses in
connection with the registration pursuant to Section 2(a) and 2(b), whether or
not the

<PAGE>   12


Exchange Offer Registration Statement or Shelf Registration Statement is
filed or becomes effective and, in the case of any Shelf Registration Statement,
will reimburse the Holders or the Initial Purchasers for the reasonable fees and
disbursements of one counsel (in addition to any local counsel) designated in
writing by the Majority Holders (or, if a Shelf Registration Statement filed
solely pursuant to clause (iv) of the first paragraph of Section 2(b),
designated by the Initial Purchaser Representative) to act as counsel for the
Holders of the Registrable Securities in connection therewith. Each Holder shall
pay all fees and disbursements of its counsel other than as set forth in the
preceding sentence or in the definition of Registration Expenses and all
underwriting discounts and commissions and transfer taxes, if any, relating to
the sale or disposition of such Holder's Registrable Securities pursuant to a
Shelf Registration Statement. The Company shall pay all documentary, stamp,
transfer or other transactional taxes attributable to the issuance or delivery
of the Exchange Securities or Private Exchange Securities in exchange for the
Registrable Securities.

A.        Effective Registration Statement.

1.        The Company shall be deemed not to have used its commercially
reasonable efforts to cause the Exchange Offer Registration Statement or any
Shelf Registration Statement, as the case may be, to become, or to remain,
effective during the requisite periods set forth herein if the Company
voluntarily takes any action that could reasonably be expected to result in any
such Registration Statement not being declared effective or remaining effective
or in the Holders of Registrable Securities (including, under the circumstances
contemplated by Section 3(h) hereof, Exchange Securities) covered thereby not
being able to exchange or offer and sell such Registrable Securities during that
period unless (A) such action is required by applicable law or (B) such action
is taken by the Company in good faith and for valid business reasons (but not
including avoidance of the Company's obligations hereunder), including the
acquisition or divestiture of assets or a material corporate transaction or
event so long as the Company promptly complies with the notification
requirements of Section 3(m) hereof, if applicable. Nothing in this paragraph
shall prevent the accrual of Additional Interest on any Securities or Exchange
Securities.

1.        An Exchange Offer Registration Statement pursuant to Section 2(a)
hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof shall
not be deemed to have become effective unless it has been declared effective by
the SEC; provided, however, that if, after it has been declared effective, the
offering of Registrable Securities pursuant to a Registration Statement is
interfered with by any stop order, injunction or other order or requirement of
the SEC or any other governmental agency or court, such Registration Statement
shall be deemed not to have been effective during the period of such
interference until the offering of Registrable Securities pursuant to such
Registration Statement may legally resume.

1.         During any 365-day period, the Company may, by notice as described in
Section 3(g), suspend the availability of a Shelf Registration Statement (and,
if the


<PAGE>   13

Exchange Offer Registration Statement is being used in connection with the
resale of Exchange Securities by Participating Broker-Dealers as contemplated by
Section 3(h), the Exchange Offer Registration Statement) and the use of the
related Prospectus for a period of up to 30 consecutive days (except for the
consecutive 30-day period immediately prior to final maturity of the
Securities), but no more than an aggregate of 60 days during any 365-day period,
upon the happening of any event or the discovery of any fact referred to in
Section 3(g)(vi), but subject to compliance by the Company with its obligations
under the last paragraph of Section 3.

A.        Increase in Interest Rate. In the event that:

1.        the Exchange Offer Registration Statement is not filed with the SEC on
or prior to the 120th day following the Closing Time, or

1.        the Exchange Offer Registration Statement is not declared effective by
the SEC on or prior to the 180th day following the Closing Time, or

1.        the Exchange offer is not consummated on or prior to the 30th day
following the effective date of the Exchange Offer Registration Statement, or

1.        if required, a Shelf Registration Statement is not filed with the SEC
on or prior to (A) the 180th day following the Closing Time or (B) the 30th day
after the filing obligation arises, whichever is later, or

1.        if required, a Shelf Registration Statement is not declared effective
on or prior to the 210th day following the Closing Time (or, if a Shelf
Registration Statement is required to be filed upon the request of the Initial
Purchasers, within 30 days after such request), or

1.        a Shelf Registration Statement is declared effective by the SEC, but
such Shelf Registration Statement ceases to be effective or such Shelf
Registration Statement or the Prospectus included therein ceases to be usable in
connection with resales of Registrable Securities for any reason, except in
accordance with Section 2(d)(iii) hereof, or

1.        the Exchange Offer Registration Statement is declared effective by the
SEC but, if the Exchange Offer Registration Statement is being used in
connection with the resale of Exchange Securities as contemplated by Section
3(h)(B) of this Agreement, the Exchange Offer Registration Statement ceases to
be effective or the Exchange Offer Registration Statement or the Prospectus
included therein ceases to be usable in connection with resales of Exchange
Securities for any reason during the 180-day period referred to in Section
3(h)(B) of this Agreement (as such period may be extended pursuant to the last
paragraph of Section 3 of this Agreement) and either (A) the aggregate number of
days in any consecutive 365-day period for which the Exchange Offer Registration
Statement or such Prospectus shall not be effective or usable exceeds


<PAGE>   14

60 days, (B) the Exchange Offer Registration Statement or such Prospectus shall
not be effective or usable for more than two periods (regardless of duration) in
any consecutive 365-day period or (C) the Exchange Offer Registration Statement
or the Prospectus shall not be effective or usable for a period of more than 30
consecutive days,

(each of the events referred to in clauses (i) through (vii) above being
hereinafter called a "Registration Default"), the per annum interest rate borne
by the Registrable Securities shall be increased ("Additional Interest") by
one-quarter of one percent (0.25%) per annum, immediately following such 120-day
period in the case of clause (i) above, immediately following such 180-day
period in the case of clause (ii) above, immediately following such 30-day
period in the case of clause (iii) above, immediately following any such 180-day
period or 30-day period, whichever ends later, in the case of clause (iv) above,
immediately following any such 210-day period or 30-day period, whichever ends
first, in the case of clause (v) above, immediately following the 30th
consecutive day or the 60th day in any consecutive 365-day period, whichever
occurs first, that a Shelf Registration Statement shall not be effective or a
Shelf Registration Statement or the Prospectus included therein shall not be
usable as contemplated by clause (vi) above, or immediately following the 60th
day in any consecutive 365-day period, as of the first day of the third period
in any consecutive 365-day period or immediately following the 30th consecutive
day, whichever occurs first, that the Exchange Offer Registration statement
shall not be effective or the Exchange Offer Registration Statement or the
Prospectus included therein shall not be usable as contemplated by clause (vii)
above, which rate will be increased by an additional one-quarter of one percent
(0.25%) per annum immediately following each 90-day period that any Additional
Interest continues to accrue under any circumstances; provided that the
aggregate increase in such annual interest rate may in no event exceed
three-quarters of one percent (0.75%) per annum. Upon the filing of the Exchange
offer Registration Statement after the 120-day period described in clause (i)
above, the effectiveness of the Exchange Offer Registration Statement after the
180-day period described in clause (ii) above, the consummation of the Exchange
Offer after the 30-day period described in clause (iii) above, the filing of the
Shelf Registration Statement after the 180-day period or 30-day period day, as
the case may be, described in clause (iv) above, the effectiveness of a Shelf
Registration Statement after the 210-day period or 30-day period, as the case
may be, described in clause (v) above, or the Shelf Registration Statement once
again being effective or the Shelf Registration Statement and the Prospectus
included therein becoming usable in connection with resales of Registrable
Securities, as the case may be, in the case of clause (vi) above, or the
Exchange Offer Registration Statement once again becoming effective or the
Exchange Offer Registration Statement and the Prospectus included therein
becoming usable in connection with resales of Exchange Securities, as the case
may be, in the case of clause (vii) thereof, such Additional Interest shall
cease to accrue on the Registrable Securities from the date of such filing,
effectiveness, consummation or resumption of effectiveness or useability, as the
case may be, so long as no other Registration Default shall have occurred and
shall be continuing at such time and the Company is otherwise in compliance with
this paragraph; provided, however, that, if after any such Additional Interest
ceases to accrue, one or more Registration Defaults shall again occur, such
Additional


<PAGE>   15


Interest shall again begin to accrue pursuant to the foregoing
provisions.

     The Company shall notify the Trustee within three business days after the
occurrence of each Registration Default. Additional Interest payable with
respect to any Registrable Securities shall be due and payable on each October 1
and April 1 (each, an "Additional Interest Payment Date"). If Additional
Interest has accrued on such Registrable Security during the semi-annual period
immediately preceding such Additional Interest Payment Date, Additional Interest
shall be payable to the Person in whose name such Registrable Security (or one
or more predecessor Securities) is registered at the close of business on the
September 15 or March 15, whether or not a business day, next preceding such
Additional Interest Payment Date. Each obligation to pay Additional Interest
shall be deemed to accrue from and including the day following the occurrence of
the applicable Registration Default. The amount of Additional Interest will be
determined by multiplying the applicable Additional Interest rate by the
principal amount of the Registrable Securities, multiplied by a fraction, the
numerator of which is the number of days such Additional Interest rate was
applicable during such semi-annual period (determined on the basis of a 365-day
year comprised of twelve 30-day months and, in the case of a partial month, the
actual number of days elapsed), and the denominator of which is 360.

     Anything herein to the contrary notwithstanding, any Holder who was, at the
time the Exchange Offer was pending and consummated, eligible to exchange, and
did not validly tender, its Securities for Exchange Securities in the Exchange
Offer will not be entitled to receive any Additional Interest. For purposes of
clarity, it is hereby acknowledged and agreed that, under current
interpretations of law by the SEC, the Initial Purchasers holding unsold
allotments of Securities acquired from the Company are not eligible to
participate in the Exchange Offer.

A.        Specific Enforcement. Without limiting the remedies available to the
Initial Purchasers and the Holders, the Company acknowledges that any failure by
the Company to comply with its obligations under Sections 2(a) and 2(b) hereof
may result in material irreparable injury to the Initial Purchasers, the Holders
or the Participating Broker-Dealers for which there is no adequate remedy at
law, that it will not be possible to measure damages for such injuries precisely
and that, in the event of any such failure, any Initial Purchaser, any Holder
and any Participating Broker-Dealer may obtain such relief as may be required to
specifically enforce the Company's obligations under Sections 2(a) and 2(b).

A.        Hold-Back Agreements. The Company agrees that it will not effect any
public or private sale or distribution (including a sale pursuant to Regulation
D under the 1933 Act) of any securities the same as or similar to those covered
by a Registration Statement filed pursuant to Section 2 hereof, or any
securities convertible into or exchangeable or exercisable for such securities,
during the 10 days prior to, and during the 90-day period beginning on, (A) the
effective date of any Registration Statement filed


<PAGE>   16

pursuant to Section 2 hereof, unless the Majority Holders to be included in such
Registration Statement consent, or (B) the commencement of an underwritten
public distribution of Registrable Securities, if the managing underwriter
thereof so requests.

I. Registration Procedures. In connection with the obligations of the Company
with respect to the Registration Statements pursuant to Sections 2(a) and 2(b)
hereof, the Company shall (and shall, as applicable, cause any then existing
Subsidiary Guarantor to):

A. prepare and file with the SEC a Registration Statement or, if required,
Registration Statements, within the time periods specified in Section 2, on the
appropriate form under the 1933 Act, which form (i) shall be selected by the
Company, (ii) shall, in the case of a Shelf Registration Statement, be available
for the sale of the Registrable Securities by the selling Holders thereof and
(iii) shall comply as to form in all material respects with the requirements of
the applicable form and include or incorporate by reference all financial
statements required by the SEC to be filed therewith, and use its best efforts
to cause such Registration Statement to become effective and remain effective in
accordance with Section 2 hereof; provided that, if (1) a Shelf Registration
Statement is filed pursuant to Section 2(b), or (2) a Prospectus contained in an
Exchange Offer Registration Statement filed pursuant to Section 2(a) is required
to be delivered under the 1933 Act by any Participating Broker-Dealer who seeks
to sell Exchange Securities for such period of time as such Participating
Broker-Dealer must comply with such requirements in order to resell the Exchange
Securities, before filing any Registration Statement or Prospectus or any
amendments or supplements thereto the Company shall, if requested, furnish to
and afford the Holders of the Registrable Securities to be registered pursuant
to such Shelf Registration Statement, or each Participating Broker-Dealer and to
their counsel and the managing underwriters, if any, a reasonable opportunity to
review copies of all such documents (including copies of any documents to be
incorporated or deemed to be incorporated by reference therein and all exhibits
thereto) proposed to be filed (in each case at least five business days prior to
such filing). The Company shall not file any such Registration Statement or
Prospectus or any amendments or supplements thereto if the Majority Holders of
Registrable Securities covered by such Registration Statement, or any such
Participating Broker-Dealer, as the case may be, their counsel, or the managing
underwriters, if any, shall reasonably object;

A. prepare and file with the SEC such amendments and post-effective amendments
to each Registration Statement as may be necessary under applicable law to keep
such Registration Statement continuously effective for the applicable period;
cause each Prospectus to be supplemented by any required prospectus supplement,
and as so supplemented to be filed pursuant to Rule 424 under the 1933 Act; and
comply with the provisions of the 1933 Act and the 1934 Act with respect to the
disposition of all Securities covered by each Registration Statement during the
applicable period in accordance with the intended method or methods of
distribution by the selling Holders thereof;






<PAGE>   17

A. use its best efforts to prevent the issuance of any order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of a Prospectus or suspending the qualification (or exemption
from qualification) of any of the Registrable Securities or the Exchange
Securities to be sold by any Participating Broker-Dealer, for sale in any
jurisdiction, and, if any such order is issued, to use its best efforts to
obtain the withdrawal of any such order at the earliest possible date;

A. in the case of a Shelf Registration, (i) notify each Holder of Registrable
Securities, at least ten business days prior to filing, that a Shelf
Registration Statement with respect to the Registrable Securities is being filed
and advising such Holders that the distribution of Registrable Securities will
be made in accordance with the method elected by the Majority Holders; (ii)
furnish to each Holder of Registrable Securities, to counsel for the Initial
Purchasers, to counsel for the Holders and to each underwriter of an
underwritten offering of Registrable Securities, if any, without charge, as many
copies of each Prospectus, including each preliminary Prospectus, and any
amendment or supplement thereto and such other documents as such Holder, counsel
or underwriter may reasonably request, including financial statements and
schedules and, if such Holder, counsel or underwriter so requests, all exhibits
(including those incorporated by reference) in order to facilitate the public
sale or other disposition of the Registrable Securities; and (iii) subject to
the last paragraph of this Section 3, consent to the use of the Prospectus,
including each preliminary Prospectus, or any amendment or supplement thereto by
each of the Holders and underwriters of Registrable Securities in connection
with the offering and sale of the Registrable Securities covered by any
Prospectus or any amendment or supplement thereto;

A. use its best efforts to register or qualify the Registrable Securities under
all applicable state securities or "blue sky" laws of such jurisdictions as any
Holder of Registrable Securities covered by a Registration Statement and each
underwriter of an underwritten offering of Registrable Securities shall
reasonably request, to cooperate with the Holders and the underwriters of any
Registrable Securities in connection with any filings required to be made with
the NASD, to keep each such registration or qualification effective during the
period such Registration Statement is required to be effective and do any and
all other acts and things which may be reasonably necessary or advisable to
enable such Holder to consummate the disposition in each such jurisdiction of
such Registrable Securities owned by such Holder; provided, however, that the
Company shall not be required to (i) qualify as a foreign corporation or as a
dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(e) or (ii) take any action which
would subject it to general service of process or taxation in any such
jurisdiction if it is not then so subject;

A. use its best efforts to cause the Registrable Securities covered by any
Registration Statement to be registered with or approved by such governmental
agencies or authorities as may be necessary to enable the Holder or Holders
thereof or the underwriter, if any, to consummate the disposition of such
Registrable Securities, except as may be required solely as a consequence of the
nature of such Holder's business, in





<PAGE>   18

which case the Company will cooperate in all reasonable respects with the filing
of such Registration Statement and the grating of such approvals;

A. in the case of a Shelf Registration, notify each Holder of Registrable
Securities and counsel for such Holders promptly and, if requested by such
Holder or counsel, confirm such advice in writing promptly (i) when a
Registration Statement has become effective and when any post-effective
amendments and supplements thereto become effective, (ii) of any request by the
SEC or any state securities authority for post-effective amendments or
supplements to a Registration Statement or Prospectus or for additional
information after a Registration Statement has become effective, (iii) of the
issuance by the SEC or any state securities authority of any stop order
suspending the effectiveness of a Registration Statement or the initiation of
any proceedings for that purpose, (iv) if between the effective date of a
Registration Statement and the closing of any sale of Registrable Securities
covered thereby the representations and warranties of the Company contained in
any underwriting agreement, securities sales agreement or other similar
agreement, if any, relating to such offering cease to be true and correct, (v)
of the receipt by the Company of any notification with respect to the suspension
of the qualification of the Registrable Securities for sale in any jurisdiction
or the initiation or threatening of any proceeding for such purpose, (vi) of the
happening of any event or the discovery of any facts during the period a Shelf
Registration Statement is effective which is contemplated in Section 2(d)(i)(A)
or 2(d)(i)(B) or which makes any statement made in such Shelf Registration
Statement or the related Prospectus untrue in any material respect or which
constitutes an omission to state a material fact in such Shelf Registration
Statement or Prospectus and (vii) of any determination by the Company that a
post-effective amendment to a Registration Statement would be appropriate.
Without limitation to any other provisions of this Agreement, the Company agrees
that this Section 3(g) shall also be applicable, mutatis mutandis, with respect
to the Exchange Offer Registration Statement and the Prospectus included therein
to the extent that such Prospectus is being used by Participating Broker-Dealers
as contemplated by Section 3(h);

a) in the case of an Exchange Offer, (i) include in the Exchange offer
Registration Statement (A) a "Plan of Distribution" section (which section shall
be reasonably acceptable to the Initial Purchaser Representative) covering the
use of the Prospectus included in the Exchange Offer Registration Statement by
broker-dealers who have exchanged their Registrable Securities for Exchange
Securities for the resale of such Exchange Securities and (B) a statement to the
effect that any such broker-dealers who wish to use the related Prospectus in
connection with the resale of Exchange Securities acquired as a result of
market-making or other trading activities will be required to notify the Company
to that effect, together with instructions for giving such notice (which
instructions shall include a provision for giving such notice by checking a box
or making another appropriate notation on the related letter of transmittal)
(each such broker-dealer who gives notice to the Company as aforesaid being
hereinafter called a "Notifying Broker-Dealer"), (ii) furnish to each Notifying
Broker-Dealer who desires to participate in the Exchange Offer, without charge,
as many copies of each Prospectus included in the





<PAGE>   19

Exchange Offer Registration Statement, including any preliminary prospectus, and
any amendment or supplement thereto, as such broker-dealer may reasonably
request, (iii) include in the Exchange Offer Registration Statement a statement
that any broker-dealer who holds Registrable Securities acquired for its own
account as a result of market-making activities or other trading activities (a
"Participating Broker-Dealer"), and who receives Exchange Securities for
Registrable Securities pursuant to the Exchange Offer, may be a statutory
underwriter and must deliver a prospectus meeting the requirements of the 1933
Act in connection with any resale of such Exchange Securities, (iv) subject to
the last paragraph of this Section 3, consent to the use of the Prospectus
forming part of the Exchange Offer Registration Statement or any amendment or
supplement thereto by any Notifying Broker-Dealer in connection with the sale or
transfer of Exchange Securities, and (v) include in the letter of transmittal or
similar documentation to be executed by an exchange offeree in order to
participate in the Exchange Offer the following provision:

                  "If the undersigned is not a broker-dealer, the undersigned
         represents that it is not engaged in, and does not intend to engage in,
         a distribution of Exchange Securities. If the undersigned is a
         broker-dealer that will receive Exchange Securities for its own account
         in exchange for Registrable Securities, it represents that the
         Registrable Securities to be exchanged for Exchange Securities were
         acquired by it as a result of market-making activities or other trading
         activities and acknowledges that it will deliver a prospectus meeting
         the requirements of the 1933 Act in connection with any resale of such
         Exchange Securities pursuant to the Exchange Offer; however, by so
         acknowledging and by delivering a prospectus, the undersigned will not
         be deemed to admit that it is an "underwriter" within the meaning of
         the 1933 Act."

a) to the extent any Notifying Broker-Dealer participates in the Exchange Offer,
(i) the Company shall use its best efforts to maintain the effectiveness of the
Exchange Offer Registration Statement for a period of 180 days (subject to
extension pursuant to the last paragraph of this Section 3) following the last
date on which exchanges are accepted pursuant to the Exchange Offer, and (ii)
the Company will comply, insofar as relates to the Exchange Offer Registration
Statement, the Prospectus included therein and the offering and sale of Exchange
Securities pursuant thereto, with its obligations under Section 2(b)(D), the
last paragraph of Section 2(b), Section 3(c), 3(e), 3(g), 3(k), 3(l), 3(m), 3(q)
and 3(v), and the last two paragraphs of this Section 3 as if all references
therein to a Shelf Registration Statement, the Prospectus included therein and
the Holders of Registrable Securities referred, mutatis mutandis, to the
Exchange Offer Registration Statement, the Prospectus included therein and the
applicable Notifying Broker-Dealers and, for purposes of this Section 3(h), all
references in any such paragraphs or sections to the "Majority Holders" shall be
deemed to mean, solely insofar as relates to this Section 3(h), the Notifying
Broker-Dealers who are the Holders of the majority in aggregate principal amount
of the Exchange Securities which are Registrable Securities;





<PAGE>   20

a) to the extent any Notifying Broker-Dealer participates in the Exchange Offer,
the Company shall use its best efforts to cause to be delivered at the request
of an entity representing such Notifying Broker-Dealer (which entity shall be
the Initial Purchaser Representative, unless it elects not to act as such
representative), a "cold comfort" letter with respect to the Prospectus in the
form existing on the last date on which exchanges are accepted pursuant to the
Exchange Offer and with respect to each subsequent amendment or supplement, if
any, effected during the period specified in clause (B) above; and

a) the Company shall not be required to amend or supplement the Prospectus
contained in the Exchange Offer Registration Statement as would otherwise be
contemplated by Section 3(b) or 3(m) hereof, or take any other action as a
result of this Section 3(h), for a period exceeding 180 days (subject to
extension pursuant to the last paragraph of this Section 3) after the last date
on which exchanges are accepted pursuant to the Exchange Offer and Notifying
Broker-Dealers shall not be authorized by the Company to, and shall not, deliver
such Prospectus after such period in connection with resales contemplated by
this Section 3;

A. (i) in the case of an Exchange Offer, furnish counsel for the Initial
Purchasers and (ii) in the case of a Shelf Registration, furnish counsel for the
Holders of Registrable Securities and counsel for any underwriters of
Registrable Securities, copies of any request by the SEC or any state securities
authority for amendments or supplements to a Registration Statement or
Prospectus or for additional information;

A. use its best effort to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement as soon as practicable and provide
immediate notice to each Holder of the withdrawal of any such order;

A. in the case of a Shelf Registration, furnish to each Holder of Registrable
Securities, without charge, at least one conformed copy of each Registration
Statement and any post-effective amendments thereto (without documents
incorporated or deemed to be incorporated therein by reference or exhibits
thereto, unless requested);

A. in the case of a Shelf Registration, cooperate with the selling Holders of
Registrable Securities to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be sold and not bearing any
restrictive legends; and cause such Registrable Securities to be in such
denominations (consistent with the provisions of the Indenture) and in a form
eligible for deposit with the Depositary and registered in such names as the
selling Holders or the underwriters, if any, may reasonably request in writing
at least one business day prior to the closing of any sale of Registrable
Securities;

A. in the case of a Shelf Registration, upon the occurrence of any event or the
discovery of any facts as contemplated by Section 3(g)(vi) hereof, use its best
efforts to prepare a supplement or post-effective amendment to a Registration
Statement or the




<PAGE>   21

related Prospectus or any document incorporated or deemed to be incorporated
therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable securities, such Prospectus will
not contain at the time of such delivery any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading. The Company agrees to notify each Holder to suspend use of the
Prospectus as promptly as practicable after the occurrence of such an event, and
each Holder hereby agrees to suspend use of the Prospectus until the Company has
amended or supplemented the Prospectus to correct such misstatement or omission.
At such time as such public disclosure is otherwise made or the Company
determines that such disclosure is not necessary, in each case to correct any
misstatement of a material fact or to include any omitted material fact, the
Company agrees promptly to notify each Holder of such determination and to
furnish each Holder such number of copies of the Prospectus, as amended or
supplemented, as such Holder may reasonably request;

A. obtain CUSIP numbers for all Exchange Securities or Registrable Securities,
as the case may be, not later than the effective date of a Registration
Statement, and provide the Trustee with any necessary printed or word-processed
certificates for the Exchange Securities or Registrable Securities, as the case
may be, in a form eligible for deposit with the Depositary;
B. (i) cause the Indenture to be qualified under the TIA in connection with the
registration of the Exchange Securities or Registrable Securities, as the case
may be, (ii) cooperate with the Trustee and the Holders to effect such changes,
if any, to the Indenture as may be required for the Indenture to be so qualified
in accordance with the terms of the TIA and (iii) execute, and use its best
efforts to cause the Trustee to execute, all documents as may be required to
effect such changes, if any, and all other forms and documents required to be
filed with the SEC to enable the Indenture to be so qualified in a timely
manner;

A. in the case of a Shelf Registration, the Majority Holders of the Registrable
Securities registered pursuant to such Shelf Registration Statement shall have
the right to direct the Company to effect not more than one underwritten
registration and, in connection with such underwritten registration, the Company
shall enter into agreements (including underwriting agreements or similar
agreements) and take all other customary and appropriate actions (including
those reasonably requested by the Majority Holders of the Registrable Securities
being sold) in order to expedite or facilitate the disposition of such
Registrable Securities and in such connection:

1. make such representations and warranties to the Holders of such Registrable
Securities and the underwriters, in form, substance and scope as are customarily
made by issuers to underwriters in similar underwritten offerings as may be
reasonably requested by such Holders and underwriters;

1. obtain opinions of counsel to the Company (which counsel and opinions (in
form, scope and substance) shall be reasonably satisfactory to the managing




<PAGE>   22

underwriters, and the Majority Holders of the Registrable Securities being sold)
addressed to each selling Holder and the underwriters, covering the matters
customarily covered in opinions requested in sales of securities or underwritten
offerings and such other matters as may be reasonably requested by such Holders
and underwriters;

1. obtain "cold comfort" letters and updates thereof with respect to such Shelf
Registration Statement and the Prospectus included therein, all amendments and
supplements thereto and all documents incorporated or deemed to be incorporated
by reference therein from the Company's independent certified public accountants
and from the independent certified public accountants for any other Person or
any business or assets whose financial statements are included or incorporated
by reference in the Shelf Registration Statement, each addressed to the
underwriters, and use its best efforts to have such letters addressed to the
selling Holders of Registrable Securities, such letters to be in customary form
and covering matters of the type customarily covered in "cold comfort" letters
to underwriters in connection with similar underwritten offerings and such
letters to be delivered at the time of the pricing of such underwritten
registration with an update to such letter to be delivered at the time of
closing of such underwritten registration;

1. if an underwriting agreement or other similar agreement is entered into,
cause the same to set forth indemnification and contributions provisions and
procedures substantially equivalent to the indemnification and contributions
provisions and procedures set forth in Section 5 hereof with respect to the
underwriters and all other parties to be indemnified pursuant to Section 5
hereof or such other indemnification and contributions as shall be satisfactory
to the Company, the applicable underwriters and the Majority Holders of the
Registrable securities being sold; and

1. deliver such other documents and certificates as may be reasonably requested
and as are customarily delivered in similar offerings.

The documents referred to in Sections 3(n)(ii) and 3(n)(v) shall be delivered at
the closing under any underwriting or similar agreement as and to the extent
required thereunder. In the case of any such underwritten offering, the Company
shall provide written notice to the Holders of all Registrable Securities of
such underwritten offering at least 30 days prior to the filing of a prospectus
supplement for such underwritten offering. Such notice shall (x) offer each such
Holder the right to participate in such underwritten offering, (y) specify a
date, which shall be no earlier than 15 days following the date of such notice,
by which such Holder must inform the Company of its intent to participate in
such underwritten offering and (z) include the instructions such Holder must
follow in order to participate in such underwritten offering;

A. if (1) a Shelf Registration Statement is filed pursuant to Section 2(b), or
(2) a Prospectus contained in an Exchange Offer Registration Statement filed
pursuant to Section 2(a) is required to be delivered under the 1933 Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities for such
period of time as such Participating



<PAGE>   23

Broker-Dealer must comply with such requirements in order to resell the Exchange
Securities, make available for inspection by any Holder of such Registrable
Securities being sold, or each such Participating Broker-Dealer, as the case may
be, any underwriter participating in any such disposition of Registrable
Securities, if any, and any attorney, accountant or other agent retained by any
such Holder or each such Participating Broker-Dealer, as the case may be, or
underwriter (collectively, the "Inspectors"), at the offices where normally
kept, during reasonable business hours, all financial and other records and
pertinent corporate documents of the Company and its subsidiaries as shall be
reasonably necessary to enable them to exercise any applicable due diligence
responsibilities, and cause the officers, directors and employees of the Company
and its subsidiaries to supply all information reasonably requested by any such
Inspector in connection with such Registration Statement.


A. comply with all applicable rules and regulations of the SEC and make
generally available to the security holders of the Company earnings statements
satisfying the provisions of Section 11(a) of the 1933 Act and Rule 158
thereunder (or any similar rule promulgated under the 1933 Act) no later than 45
days after the end of any 12-month period (or 90 days after the end of any
12-month period if such period is a fiscal year) (i) commencing at the end of
any fiscal quarter in which Registrable Securities are sold in a firm commitment
or best efforts underwritten offering and (ii) if not sold to underwriters in
such an offering, commencing on the first day of the first fiscal quarter of the
Company after the effective date of a Registration Statement, which Registration
Statement shall cover said 12-month periods;

A. upon consummation of an Exchange Offer or sale of Private Exchange
Securities, obtain an opinion of counsel to the Company (in form, scope and
substance reasonably satisfactory to the Initial Purchaser Representative),
addressed to the Trustee for the benefit of all Holders participating in the
Exchange Offer or sale of Private Exchange Securities, as the case may be, to
the effect that (i) the Company and the existing Subsidiary Guarantors have duly
authorized, executed and delivered the Exchange Securities or the Private
Exchange Securities, as the case may be, and the Indenture, and (ii) the
Exchange Securities or the Private Exchange Securities, as the case may be, and
the Indenture constitute legal, valid and binding obligations of the Company and
the existing Subsidiary Guarantors, enforceable against the Company and the
existing Subsidiary Guarantors in accordance with their respective terms, except
as such enforcement may be subject to customary exceptions;

A. if the Exchange Offer or sale of Private Exchange Securities is to be
consummated, upon delivery of the Registrable Securities by the Holders to the
Company (or to such other Person as directed by the Company) in exchange for the
Exchange Securities or the Private Exchange Securities, as the case may be, the
Company shall mark, or cause to be marked, on such Registrable Securities that
such Registrable Securities are being cancelled in exchange for the Exchange
Securities or the Private Exchange Securities, as the case may be; provided that
in no event shall such Registrable Securities be marked as paid or otherwise
satisfied;





<PAGE>   24

A. in the case of a Shelf Registration, make available for inspection by
representatives of the Holders of the Registrable Securities and any
underwriters participating in any disposition pursuant to a Shelf Registration
Statement and any counsel or accountant retained by such Holders or
underwriters, all financial statements and other records, documents and
properties of the Company reasonably requested by any such Persons, and cause
the respective officers, directors, employees, and any other agents of the
Company to supply all information reasonably requested by any such Persons in
connection with a Shelf Registration Statement;

A. (i) in the case of an Exchange Offer, a reasonable time prior to the filing
of any Exchange Offer Registration Statement, any Prospectus forming a part
thereof, any amendment to an Exchange Offer Registration Statement or amendment
or supplement to such Prospectus, provide copies of such documents to the
Initial Purchasers, and make such changes in any such documents prior to the
filing thereof as the Initial Purchasers or their counsel may reasonably
request; (ii) in the case of a Shelf Registration, a reasonable time prior to
filing any Shelf Registration Statement, any Prospectus forming a part thereof,
any amendment to such Shelf Registration Statement or amendment or supplement to
such Prospectus, provide copies of such document to the Holders of Registrable
Securities, to the Initial Purchasers, to the underwriter or underwriters, of an
underwritten offering of Registrable Securities, and to counsel for any such
Holders, Initial Purchasers or underwriters, and make such changes in any such
document prior to the filing thereof as the Holders of Registrable Securities,
the Initial Purchasers, any such underwriter or underwriters or any of their
respective counsel may reasonably request; and (iii) cause the representatives
of the Company to be available for discussion of such documents as shall be
reasonably requested by the Holders of Registrable Securities, the Initial
Purchasers on behalf of such Holders or any underwriter, and shall not at any
time make any filing of any such document of which such Holders, the Initial
Purchasers on behalf of such Holders, their counsel or any underwriter shall not
have previously been advised and furnished a copy or to which such Holders, the
Initial Purchasers on behalf of such Holders, their counsel or any underwriter
shall reasonably object within a reasonable time period;

A. use its best efforts to cause all Registrable Securities to be listed on any
securities exchange on which similar debt securities issued by the Company are
then listed if requested by the Majority Holders or by the underwriter or
underwriters of an underwritten offering of Registrable Securities, if any;

A. use its best efforts to cause the Registrable Securities to be rated by the
appropriate rating agencies, if so requested by the Majority Holders of
Registrable Securities or by the underwriter or underwriters of an underwritten
offering, unless the Registrable Securities are already so rated;

A. otherwise use its best efforts to comply with all applicable rules and
regulations of the SEC and, with respect to each Registration Statement and each
post-



<PAGE>   25

effective amendment, if any, thereto and each filing by the Company of an annual
report on Form 10-K, make available to its security holders, as soon as
reasonably practicable, an earnings statement covering at least twelve months
which shall satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158
thereunder; and

A. cooperate and assist in any filings required to be made with the NASD and in
the performance of any due diligence investigation by any underwriter and its
counsel.

         In the case of a Shelf Registration Statement, the Company may (as a
condition to such Holder's participation in the Shelf Registration) require each
Holder of Registrable Securities to furnish to the Company such information
regarding such Holder and the proposed distribution by such Holder of such
Registrable Securities as the Company may from time to time reasonably request
in writing.
         In the case of a Shelf Registration Statement, each Holder agrees and,
in the event that any Participating Broker-Dealer is using the Prospectus
included in the Exchange Offer Registration Statement in connection with the
sale of Exchange Securities pursuant to Section 3(h), each such Participating
Broker-Dealer agrees that, upon receipt of any notice from the Company of the
happening of any event or the discovery of any facts of the kind described in
Section 3(g)(ii), 3(g)(iii) or 3(g)(v) through 3(g)(vii) hereof, such Holder or
Participating Broker-Dealer, as the case may be, will forthwith discontinue
disposition of Registrable Securities pursuant to a Registration Statement until
receipt by such Holder or Participating Broker-Dealer, as the case may be, of
(i) the copies of the supplemented or amended Prospectus contemplated by Section
3(m) hereof or (ii) written notice from the Company that the Shelf Registration
Statement or the Exchange Offer Registration Statement, respectively, are once
again effective or that no supplement or amendment is required. If so directed
by the Company, such Holder or Participating Broker-Dealer, as the case may be,
will deliver to the Company (at the Company's expense) all copies in its
possession, other than permanent file copies then in its possession, of the
Prospectus covering such Registrable Securities current at the time of receipt
of such notice. Nothing in this paragraph shall prevent the accrual of
Additional Interest on any Securities or Exchange Securities.

         If the Company shall give any such notice to suspend the disposition of
Registrable Securities pursuant to the immediately preceding paragraph, the
Company shall be deemed to have used its best efforts to keep the Shelf
Registration Statement or, in the case of Section 3(h), the Exchange Offer
Registration Statement, as the case may be, effective during such period of
suspension; provided that (i) such period of suspension shall not exceed the
time periods provided in Section 2(d)(iii) hereof and (ii) the Company shall use
its best efforts to file and have declared effective (if an amendment) as soon
as practicable thereafter an amendment or supplement to the Shelf Registration
Statement or the Exchange Offer Registration Statement or both, as the case may
be, or the Prospectus included therein and shall extend the period during which
the Shelf Registration Statement or the Exchange Offer Registration Statement or
both, as the case may be, shall be maintained effective pursuant to this
Agreement (and, if applicable, the





<PAGE>   26

period during which Participating Broker-Dealers may use the Prospectus included
in the Exchange Offer Registration Statement pursuant to Section 3(h) hereof) by
the number of days during the period from and including the date of the giving
of such notice to and including the earlier of the date when the Holders or
Participating Broker-Dealers, respectively, shall have received copies of the
supplemented or amended Prospectus necessary to resume such dispositions and the
effective date of written notice from the Company to the Holders or
Participating Broker-Dealers, respectively, that the Shelf Registration
Statement or the Exchange Offer Registration Statement, respectively, are once
again effective or that no supplement or amendment is required.

I. Underwritten Registrations. If any of the Registrable Securities covered by
any Shelf Registration are to be sold in an underwritten offering, the
investment banker or investment bankers and manager or managers that will manage
the offering will be selected by the Majority Holders of such Registrable
Securities included in such offering and shall be reasonably acceptable to the
Company. No Holder of Registrable Securities may participate in any underwritten
registration hereunder unless such Holder (a) agrees to sell such Holder's
Registrable Securities on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents required under the terms of such
underwriting arrangements.

I. Indemnification and Contribution.

A. The Company agrees (and shall cause each Subsidiary Guarantor, jointly and
severally to agree) to indemnify and hold harmless each Initial Purchaser, each
Holder, each Participating Broker-Dealer, each underwriter who participates in
an offering of Registrable Securities (each, an "Underwriter"), each Person, if
any, who controls any Initial Purchaser, Holder, Participating Broker-Dealer or
Underwriter within the meaning of either Section 15 of the 1933 Act or Section
20 of the 1934 Act, and their respective affiliates, directors, officers,
partners, employees and agents, to the fullest extent lawful, as follows:

1. from and against any and all loss, liability, claim, damage, cost and expense
whatsoever, as incurred, directly or indirectly caused by, related to, based
upon, arising out of or in connection with any untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement (or
any amendment thereto), including all documents incorporated or deemed to be
incorporated therein by reference, pursuant to which Exchange Securities or
Registrable Securities were registered under the 1933 Act, or any omission or
alleged omission therefrom of a material fact required to be stated therein or
necessary to make the statements therein not misleading, or arising out of any
untrue statement or alleged untrue statement of a material fact contained in any
preliminary prospectus, form of prospectus or Prospectus (or any amendment or
supplement thereto) or any omission or alleged omission therefrom of a material
fact




<PAGE>   27

necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading;

1. from and against any and all loss, liability, claim, damage, cost and expense
whatsoever, as incurred, to the extent of the aggregate amount paid in
settlement of any litigation, or any investigation or proceeding by any
governmental agency or body, commenced or threatened, or of any claim whatsoever
based upon any such untrue statement or omission, or any such alleged untrue
statement or omission; provided that (subject to Section 5(d) below) any such
settlement is effected with the written consent of the Company; and

1. from and against any and all expense whatsoever, as incurred (including,
subject to Section 5(c) below, the fees and disbursements of counsel chosen by
any indemnified party), reasonably incurred in investigating, preparing or
defending against any litigation, or any investigation or proceeding by any
court or governmental agency or body, commenced or threatened, or any claim
whatsoever based upon any such untrue statement or omission, or any such alleged
untrue statement or omission, to the extent that any such expense is not paid
under subparagraph (i) or (ii) above; provided, however, that this indemnity
agreement shall not apply to any loss, liability, claim, damage, cost or expense
to the extent solely caused by any untrue statement or omission or alleged
untrue statement or omission, made in reliance upon and in conformity with
written information furnished to the Company by any Initial Purchaser, Holder,
Participating Broker-Dealer or Underwriter with respect to such Initial
Purchaser, Holder, Participating Broker-Dealer or Underwriter, as the case may
be, expressly for use in the Registration Statement (or any amendment thereto)
or the Prospectus (or any amendment or supplement thereto).

A. Each Holder, severally but not jointly, agrees to indemnify and hold harmless
the Company, each Initial Purchaser, each Participating Broker-Dealer, each
Underwriter and each other selling Holder and each Person, if any, who controls
the Company, any Initial Purchaser, any Underwriter, any Participating
Broker-Dealer or any other selling Holder within the meaning of Section 15 of
the 1933 Act or Section 20 of the 1934 Act from and against any and all loss,
liability, claim, damage, cost and expense described in the indemnity contained
in Section 5(a) hereof, as incurred, arising out of or based upon any untrue
statements or omissions, or alleged untrue statements or omissions, made in the
Shelf Registration Statement (or any amendment thereto) or any Prospectus
included therein (or any amendment or supplement thereto), but only to the
extent such loss, liability, claim, damage, cost or expense is finally
judicially determined by a court of competent jurisdiction in a final,
unappealable order to have resulted solely from an untrue statement or omission
or alleged untrue statement or omission contained in or omitted from written
information with respect to such Holder furnished to the Company by such Holder
expressly for use in the Shelf Registration Statement (or any amendment thereto)
or such Prospectus (or any amendment or supplement thereto); provided, however,
that no such Holder shall be liable for any claims hereunder in excess of the
amount of net proceeds received by such Holder from the sale of Registrable
Securities pursuant to such Shelf Registration Statement.





<PAGE>   28

A. Each indemnified party shall give notice as promptly as reasonably
practicable to each indemnifying party of any action commenced against it in
respect of which indemnity may be sought hereunder, but failure so to notify an
indemnifying party shall not relieve such indemnifying party from any liability
hereunder to the extent it is not materially prejudiced as a result thereof and
in any event shall not relieve it from any liability which it may have otherwise
than on account of this indemnity agreement. Counsel to the respective
indemnified parties shall be selected as follows: (i) counsel to the Initial
Purchasers and all Persons, if any, who control the Initial Purchasers within
the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall be
selected by Merrill Lynch; (ii) counsel to the Company, its directors, each of
its officers who signed the Registration Statement and all Persons, if any, who
control the Company within the meaning of Section 15 of the 1933 Act or Section
20 of the 1934 Act shall be selected by the Company; (iii) counsel to the
Holders (other than the Initial Purchasers or Participating Broker-Dealers) and
all Persons, if any, who control any Holders (other than the Initial Purchasers
or Participating Broker-Dealers) within the meaning of Section 15 of the 1933
Act or Section 20 of the 1934 Act shall be selected by the Holders who held or
hold, as the case may be, a majority in aggregate principal amount of the
Registrable Securities held by all such Holders; (iv) counsel to the
Underwriters of any particular offering of Registrable Securities and all
Persons, if any, who control any such Underwriter within the meaning of Section
15 of the 1933 Act or Section 20 of the 1934 Act shall be selected by such
Underwriters; and (v) counsel to the Participating Broker-Dealers (other than
the Initial Purchasers) and all Persons, if any, who control any such
Participating Broker-Dealer within the meaning of Section 15 of the 1933 Act or
Section 20 of the 1934 Act shall be selected by the Participating Broker-Dealers
who held or hold, as the case may be, a majority in aggregate principal amount
of the Exchange Securities referred to in Section 3(h) hereof held by all such
Participating Broker-Dealers. An indemnifying party may participate at its own
expense in the defense of any such action; provided, however, that counsel to
the indemnifying party shall not (except with the consent of the indemnified
party) also be counsel to the indemnified party. In no event shall the
indemnifying party or parties be liable for (A) the fees and expenses of more
than one counsel (in addition to any local counsel) separate from the
indemnifying parties' own counsel for the Initial Purchasers and all other
Persons referred to in clause (i) of this paragraph, (B) the fees and expenses
of more than one counsel (in addition to any local counsel) separate from the
indemnifying parties' own counsel for the Company and all other Persons referred
to in clause (ii) of this paragraph, (C) the fees and expenses of more than one
counsel (in addition to any local counsel) separate from the indemnifying
parties' own counsel for all Holders (other than the Initial Purchasers or
Participating Broker-Dealers) and all other Persons referred to in clause (iii)
of this paragraph, (D) the fees and expenses of more than one counsel (in
addition to any local counsel) separate from the indemnifying parties' own
counsel for all Underwriters of any particular offering of Registrable
Securities and all other Persons referred to in clause (iv) of this paragraph,
and (E) the fees and expenses of more than one counsel (in addition to any local
counsel) separate from the indemnifying parties' own counsel for all
Participating Broker-Dealers (other than the Initial Purchasers) and all other
Persons





<PAGE>   29

referred to in clause (v) of this paragraph, in each case in connection with any
one action or separate but similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstances. No indemnifying
party shall, without the prior written consent of the indemnified parties,
settle or compromise or consent to the entry of any judgment with respect to any
litigation, or any investigation or proceeding by any governmental agency or
body, commenced or threatened, or any claim whatsoever in respect of which
indemnification or contribution could be sought under this Section 5 (whether or
not the indemnified parties are actual or potential parties thereto), unless
such settlement, compromise or consent (i) includes an unconditional release of
each indemnified party from all liability arising out of such litigation,
investigation, proceeding or claim and (ii) does not include a statement as to
or an admission of fault, culpability or a failure to act by or on behalf of any
indemnified party.

A. If at any time an indemnified party shall have requested an indemnifying
party to reimburse the indemnified party for fees and expenses of counsel, such
indemnifying party agrees that it shall be liable for any settlement of the
nature contemplated by Section 5(a)(ii) effected without its written consent if
(i) such settlement is entered into more than 45 days after receipt by such
indemnifying party of the aforesaid request, (ii) such indemnifying party shall
have received notice of the terms of such settlement at least 30 days prior to
such settlement being entered into and (iii) such indemnifying party shall not
have reimbursed such indemnified party in accordance with such request prior to
the date of such settlement. Notwithstanding the immediately preceding sentence,
if at any time an indemnified party shall have requested an indemnifying party
to reimburse the indemnified party for fees and expenses of counsel, such
indemnifying party shall not be liable for any settlement of the nature
contemplated by Section 5(a)(ii) effected without its written consent if such
indemnifying party (x) reimburses such indemnified party in accordance with such
request to the extent that the indemnifying party in its judgment considers such
request to be reasonable and (y) provides written notice to the indemnified
party stating the reason it deems the unpaid balance unreasonable, in each case
no later than 45 days after receipt by such indemnifying party of the aforesaid
request from the indemnified party.

A. If the indemnification provided for in this Section 5 is for any reason
unavailable to or insufficient to hold harmless an indemnified party in respect
of any losses, liabilities, claims, damages or expenses referred to therein,
then each indemnifying party shall contribute to the aggregate amount of such
losses, liabilities, claims, damages and expenses incurred by such indemnified
party, as incurred, in such proportion as is appropriate to reflect the relative
fault of the indemnifying party or parties on the one hand and of the
indemnified party or parties on the other hand in connection with the statements
or omissions that resulted in such losses, liabilities, claims, damages or
expenses, as well as any other relevant equitable considerations. The relative
fault of such indemnifying party or parties on the one hand and the indemnified
party or parties on the other hand shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or omission or alleged omission to state a material fact relates to information
supplied by such




<PAGE>   30

indemnifying party or parties or such indemnified party or parties, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission.

A. The Company, the Holders, and the Initial Purchasers agree that it would not
be just or equitable if contribution pursuant to this Section 5 were determined
by pro rata allocation or by any other method of allocation that does not take
account of the equitable considerations referred to in paragraph (e) above. The
aggregate amount of losses, liabilities, claims, damages and expenses incurred
by an indemnified party and referred to above in this Section 5 shall be deemed
to include any legal or other expenses reasonably incurred by such indemnified
party in investigating, preparing or defending against any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever based upon any such untrue or alleged untrue
statement or omission or alleged omission.

         Notwithstanding the provisions of this Section 5, no Initial Purchaser,
Holder, Participating Broker-Dealer or Underwriter shall be required to
contribute any amount in excess of the amount by which the total price at which
Registrable Securities sold by it were offered exceeds the amount of any damages
that such Initial Purchaser, Holder, Participating Broker-Dealer or Underwriter
has otherwise been required to pay by reason of any such untrue or alleged
untrue statement or omission or alleged omission.

         No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the 1933 Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

         For purposes of this Section 5, each Person, if any, who controls an
Initial Purchaser, Holder, Participating Broker-Dealer or Underwriter within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have
the same rights to contribution as such Initial Purchaser, Holder, Participating
Broker-Dealer or Underwriter, as the case may be, and each director of the
Company, each officer of the Company who signed the Registrations Statement and
each Person, if any, who controls the Company within the meaning of Section 15
of the 1933 Act or Section 20 of the 1934 Act shall have the same rights to
contribution as the Company. The respective obligations of the Initial
Purchasers, Holders, Participating Broker-Dealers and Underwriters to contribute
pursuant to this Section 5 are several in proportion to the principal amount of
Securities purchased by them and not joint.

         The indemnity and contribution provisions contained in this Section 5
shall remain operative and in full force and effect regardless of (i) any
termination of this Agreement, (ii) any investigation made by or on behalf of
any Initial Purchaser, Holder, Participating Broker-Dealer or Underwriter or any
Person controlling any Initial Purchaser, Holder, Participating Broker-Dealer or
Underwriter, or by or on behalf of the Company, its officers or directors or any
Person controlling the Company, (iii)




<PAGE>   31

acceptance of any of the Exchange Securities and (iv) any sale of Registrable
Securities or Exchange Securities pursuant to a Shelf Registration Statement.

I. Miscellaneous.

A. Rule 144 and Rule 144A. For so long as the Company is subject to the
reporting requirements of Section 13 or 15 of the 1934 Act, the Company
covenants that it will file all reports required to be filed by it under Section
13(a) or 15(d) of the 1934 Act and the rules and regulations adopted by the SEC
thereunder, that if it ceases to be so required to file such reports, it will
upon the request of any Holder or beneficial owner of Registrable Securities (i)
make publicly available such information (including, without limitation, the
information specified in Rule 144(c)(2) under the 1933 Act) as is necessary to
permit sales pursuant to Rule 144 under the 1933 Act, (ii) deliver or cause to
be delivered, promptly following a request by any Holder or beneficial owner of
Registrable Securities or any prospective purchaser or transferee designated by
such Holder or beneficial owner, such information (including, without
limitation, the information specified in Rule 144A(d)(4) under the 1933 Act) as
is necessary to permit sales pursuant to Rule 144A under the 1933 Act, and (iii)
take such further action that is reasonable in the circumstances, in each case
to the extent required from time to time to enable such Holder to sell its
Registrable Securities without registration under the 1933 Act within the
limitation of the exemptions provided by (x) Rule 144 under the 1933 Act, as
such Rule may be amended from time to time, (y) Rule 144A under the 1933 Act, as
such Rule may be amended from time to time, or (z) any similar rules or
regulations hereafter adopted by the SEC. Upon the request of any Holder or
beneficial owner of Registrable Securities, the Company will deliver to such
Holder a written statement as to whether it has complied with such requirements.
B. No Inconsistent Agreements. The Company has not entered into nor will the
Company on or after the date of this Agreement enter into any agreement which is
inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof; provided that
the Company will not be precluded from entering into any agreement after the
date hereof which may or does result, directly or indirectly, in the payment of
Additional Interest. The rights granted to the Holders hereunder do not and will
not in any way conflict with and are not and will not be inconsistent with the
rights granted to the holders of any of the Company's other issued and
outstanding securities under any other agreements entered into by the Company or
any of its subsidiaries.

A. Amendments and Waivers. The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and
waivers or consents to departures from the provisions hereof may not be given,
unless the Company has obtained the written consent of Holders of at least a
majority in aggregate principal amount of the outstanding Registrable Securities
affected by such amendment, modification, supplement, waiver or departure;
provided, however, that no amendment, modification, supplement or waiver or
consent to any departure from the provisions of




<PAGE>   32

Section 5 hereof shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder.

A. Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand-delivery, registered first-class
mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a
Holder or Participating Broker-Dealer (other than the Initial Purchasers), at
the most current address set forth on the records of the registrar under the
Indenture, (ii) if to the Initial Purchasers, at the most current address given
by the Initial Purchasers to the Company by means of a notice given in
accordance with the provisions of this Section 6(d), which address initially
shall be the address set forth in the Purchase Agreement; (iii) if to the
Company, initially at the address set forth in the Purchase Agreement and
thereafter at such other address, notice of which is given in accordance with
the provisions of this Section 6(d) and (iv) if to any Underwriter, at the most
current address given by such Underwriter to the Company by means of a notice
given in accordance with the provisions of this Section 6(d), which address
initially shall be the address set forth in the applicable underwriting
agreement.

         All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five business
days after being deposited in the mail, postage prepaid, if mailed; when receipt
is acknowledged, if telecopied; and on the next business day if timely delivered
to an air courier guaranteeing overnight delivery. Copies of all such notices,
demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture.

A. Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors, assigns and transferees of each of the parties,
including, without limitation and without the need for an express assignment,
subsequent Holders; provided that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Securities in violation
of the terms hereof or of the Purchase Agreement or the Indenture. If any
transferee of any Holder shall acquire Registrable Securities, in any manner,
whether by operation of law or otherwise, such Registrable Securities shall be
held subject to all of the terms of this Agreement, and by taking and holding
such Registrable Securities, such Person shall be conclusively deemed to have
agreed to be bound by and to perform all of the terms and provisions of this
Agreement, including the restrictions on resale set forth in this Agreement and,
if applicable, the Purchase Agreement, and such Person shall be entitled to
receive the benefits hereof.

A. Third Party Beneficiary. Each Holder and Participating Broker-Dealer shall be
a third party beneficiary of the agreements made hereunder between the Company,
on the one hand, and the Initial Purchasers, on the other hand, and shall have
the right to enforce such agreements directly to the extent it deems such
enforcement necessary or advisable to protect its rights or the rights of other
Holders hereunder. Each




<PAGE>   33

Holder, by its acquisition of Securities, shall be deemed to have agreed to the
provisions of Section 5(b) hereof.

A. Counterparts. This Agreement may be executed in any number of counterparts
and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.

A. Headings. The headings in this Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof.

A. Restriction on Resales. If the Company or any of its subsidiaries or
affiliates (as defined in Rule 144 under the 1933 Act) shall redeem, purchase or
otherwise acquire any Registrable Security or any Exchange Security which is a
"restricted security" within the meaning of Rule 144 under the 1933 Act, the
Company will deliver or cause to be delivered such Registrable Security or
Exchange Security, as the case may be, to the Trustee for cancellation and
neither the Company nor any of its subsidiaries or affiliates will hold or
resell such Registrable Security or Exchange Security or issue any new Security
or Exchange Security to replace the same.

A. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

A. Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal
or unenforceable, the validity, legality and enforceability of any such
provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby.


                            [SIGNATURE PAGE FOLLOWS]


<PAGE>   34


         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

                                   PULTE CORPORATION


                                   By:  /s/  Bruce E. Robinson
                                      Name:  Bruce E. Robinson
                                      Title: Vice President and Treasurer

Confirmed and accepted as of
the date first above written:

MERRILL LYNCH, PIERCE, FENNER & SMITH
            INCORPORATED


By:
   ---------------------------------------
   Authorized Signatory

For itself and as Initial Purchaser Representative of the other Initial
Purchasers named on Schedule A attached hereto.


<PAGE>   35


                                                                      Schedule A

                               INITIAL PURCHASERS


         Banc of America Securities, LLC
         Banc One Capital Markets, Inc.
         SunTrust Equitable Securities Corporation




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>6
<DESCRIPTION>OPINION OF HONIGMAN
<TEXT>

<PAGE>   1
                                                                     EXHIBIT 5.1

                [LETTERHEAD OF HONIGMAN MILLER SCHWARTZ AND COHN]

Pulte Corporation
33 Bloomfield Hills Parkway
Suite 200
Bloomfield Hills, Michigan 48304

         Re: Registration Statement on Form S-4

Ladies and Gentlemen:

         We have acted as counsel to Pulte Corporation, a Michigan corporation
(the "Company") and certain subsidiary guarantors (the "Guarantors"), in
connection with the Registration Statement on Form S-4 (the "Registration
Statement") relating to the issuance by the Company of $175,000,000 aggregate
principal amount of the Company's 9 1/2% Notes due 2003 (the "New Notes") and
related guarantees registered under the Securities Act of 1933, as amended (the
"Securities Act"), in exchange for a like principal amount of the Company's
outstanding unregistered 9 1/2% Notes due 2003 (the "Original Notes"). The New
Notes are issuable under an Indenture dated as of October 24, 1995 as
supplemented (the "Indenture"), among the Company, as issuer, the Guarantors
named therein and Bank One Trust Company, National Association
(successor-in-interest to The First National Bank of Chicago), as trustee (the
"Trustee").

         We have examined such documents, including resolutions adopted by the
Board of Directors of the Company on March 9, 2000 (the "Resolutions"), and have
considered such matters of law as we have considered appropriate as a basis for
our opinions set forth below. In rendering our opinions, we have assumed the
authenticity of all documents submitted to us as originals, the genuineness of
all signatures and the conformity to authentic originals of all documents
submitted to us as copies. We have also assumed the legal capacity for all
purposes relevant hereto of all natural persons and, with respect to all parties
to agreements or instruments relevant hereto other than the Company, that such
parties had the requisite power and authority (corporate or otherwise) to
execute, deliver and perform such agreements or instruments, that such
agreements or instruments have been duly authorized by all requisite action
(corporate or otherwise) and executed and delivered by such parties and that
such agreements or instruments are the valid, binding and enforceable
obligations of such parties. As to questions of fact material to our opinions,
we have relied upon certificates of officers of the Company and of public
officials.

         Based on the foregoing, we are of the opinion that the execution,
delivery and performance of the New Notes have been duly authorized by all
necessary corporate action on the part of the Company and, when executed by the
Company and authenticated by the Trustee as specified in the Indenture and
delivered against surrender and cancellation of a like principal amount of
Original Notes in the manner described in the Registration Statement, will be
legally issued and will constitute valid and binding obligations of the Company,
enforceable against the Company in accordance with their terms.



<PAGE>   2


         The opinion set forth above are subject to the following qualifications
and exceptions:

         (a) Our opinion stated above is subject to the effect of any applicable
bankruptcy, insolvency (including, without limitation, all laws relating to
fraudulent transfers), reorganization, moratorium or other similar laws of
general application affecting creditors' rights.

         (b) Our opinion stated above is subject to the effect of general
principles of equity, including (without limitation) concepts of materiality,
reasonableness, good faith and fair dealing, and other similar doctrines
affecting the enforceability of agreements generally (regardless of whether
considered in a proceeding in equity or at law).

         (c) In rendering the opinion set forth above, we have assumed that, at
the time of the authentication and delivery of the New Notes, the Resolutions
referred to above will not have been modified or rescinded, there will not have
occurred any change in the law affecting the authorization, execution, delivery,
validity or enforceability of the New Notes, the Registration Statement will
have been declared effective by the Securities and Exchange Commission and will
continue to be effective, none of the particular terms of the New Notes will
violate any applicable law and neither the issuance and sale thereof nor the
compliance by the Company with the terms thereof will result in a violation of
any agreement or instrument then binding upon the Company or any order of any
court or governmental body having jurisdiction over the Company.

         Our opinion expressed above is limited to the law of the State of
Michigan and the federal law of the United States.

         We hereby consent to your filing of this opinion as an exhibit to the
Registration Statement, and to the reference to our firm under the caption
"Legal Matters" contained in the Prospectus that is part of the Registration
Statement.  In giving such consents, we do not admit that we come within the
category of persons whose consent is required under Section 7 of the Securities
Act or the rules and regulations of the Securities and Exchange Commission
thereunder.

Dated:  May 3, 2000

                                         Very truly yours,

                                         /s/ Honigman Miller Schwartz and Cohn



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>7
<DESCRIPTION>COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TEXT>

<PAGE>   1











                                                                    EXHIBIT 12.1


                        PULTE CORPORATION AND SUBSIDIARES
                COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


     The following table shows our ratios of earnings to fixed charges for the
periods indicated. This information should be read in conjunction with the
consolidated financial statements and the accompanying notes incorporated by
reference in the prospectus.
<TABLE>
<CAPTION>

                                                               YEAR ENDED DECEMBER 31,
                               -----------------------------------------------------------------------------------
                                    1995              1996            1997             1998             1999
                               -----------------------------------------------------------------------------------
<S>                                 <C>               <C>             <C>              <C>              <C>
Ratio of earnings
to fixed charges (a)                2.31              3.00            2.49             3.76             5.31
----------------
</TABLE>

(a)    The ratios of earnings to fixed charges set forth above are computed on
       a total enterprise basis, except for our discontinued thrift operations,
       which are excluded. Fixed charges include interest incurred and one-third
       of rent expense, which represents the estimated interest factor and
       amortization of debt expense.







</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>8
<DESCRIPTION>CONSENT OF ERNST & YOUNG
<TEXT>

<PAGE>   1


                                                                    EXHIBIT 23.2


               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in the
Registration Statement Form S-4 and the related Prospectus of Pulte Corporation
for the registration of $175,000,000 of Senior Notes due 2003 and to the
incorporation by reference therein of our report dated January 20, 2000, with
respect to the financial statements and schedule of Pulte Corporation included
in its Annual Report (Form 10-K) for the year ended December 31, 1999, filed
with the Securities and Exchange Commission.



                                                               ERNST & YOUNG LLP


Detroit, Michigan
May 3, 2000












</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>9
<DESCRIPTION>POWERS OF ATTORNEY
<TEXT>

<PAGE>   1


                                                                    EXHIBIT 24.1


                                POWER OF ATTORNEY

     KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints John R. Stoller, Bruce E. Robinson
and Vincent J. Frees, and each of them, his or her true and lawful
attorneys-in-fact and agents, each acting alone, with full powers of
substitution and resubstitution, for him or her and in his or her name, place
and stead, in any and all capacities, to sign a Registration Statement on Form
S-4, and any and all amendments (including post-effective amendments) thereto,
relating to the exchange and issuance of new registered debt securities (9 1/2%
Notes due 2003) of PULTE CORPORATION for previously issued unregistered debt
securities (9 1/2% Notes due 2003) of PULTE CORPORATION, and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto such attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and
every act and thing requisite or necessary to be done in and about the premises,
as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that such attorneys-in-fact and agents or
any of them, or their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.

     IN WITNESS WHEREOF, this Power of Attorney has been signed on the 3rd day
of May, 2000 by the following
persons:

             /s/ William J. Pulte                /s/ Robert K. Burgess
            --------------------------         -----------------------------
                 William J. Pulte                    Robert K. Burgess

             /s/ Mark J. O'Brien                 /s/ Michael A. O'Brien
            --------------------------         -----------------------------
                 Mark J. O'Brien                     Michael A. O'Brien

             /s/ Roger A. Cregg                  /s/ Vincent J. Frees
            --------------------------         -----------------------------
                 Roger A. Cregg                      Vincent J. Frees

             /s/ Debra J. Kelly-Ennis            /s/ David N. McCammon
            --------------------------         -----------------------------
                 Debra J. Kelly-Ennis                David N. McCammon

             /s/ Patrick J. O'Meara              /s/ Ralph L. Schlosstein
            --------------------------         -----------------------------
                 Patrick J. O'Meara                  Ralph L. Schlosstein

             /s/ Alan E. Schwartz                /s/ Francis J. Sehn
            --------------------------         -----------------------------
                 Alan E. Schwartz                    Francis J. Sehn

             /s/ John J. Shea                    /s/ Harmon D. Smith
            --------------------------         -----------------------------
                 John J. Shea                        Harmon D. Smith

             /s/ William F. Shannon
            --------------------------
                 William F. Shannon

<PAGE>   2
            /s/ Charles R. Hathaway               /s/ Robert J. Halso
            --------------------------         ----------------------------
                Charles R. Hathaway                   Robert J. Halso

            /s/ Robert P. Schafer                 /s/ Gregory M. Nelson
            --------------------------         ----------------------------
                Robert P. Schafer                     Gregory M. Nelson

            /s/ Richard L. Strom                  /s/ Donald Dykstra
            --------------------------         ----------------------------
                Richard L. Strom                      Donald Dykstra

            /s/ Otto B. DiVosta                   /s/ Glen T. Trotta
            --------------------------         ----------------------------
                Otto B. DiVosta                       Glen T. Trotta

            /s/ James Bowen                       /s/ John E. Bittner
            --------------------------         ----------------------------
                James Bowen                           John E. Bittner

            /s/ George Schulmeyer                 /s/ Jeffrey A. Croft
            --------------------------         ----------------------------
                George Schulmeyer                     Jeffrey A. Croft

            /s/ Steven J. Seymoure                /s/ Michael D. Gaber
            --------------------------         ----------------------------
                Steven J. Seymoure                    Michael D. Gaber

            /s/ Steven C. Petruska                /s/ Steven F. Atchison
            --------------------------         ----------------------------
                Steven C. Petruska                    Steven F. Atchison

            /s/ John S. Gallagher                 /s/ James R. McCabe
            --------------------------         ----------------------------
                John S. Gallagher                     James R. McCabe

            /s/ William E. Reiser, Jr.            /s/ Andrew C. Hill
            --------------------------         ----------------------------
                William E. Reiser, Jr.                Andrew C. Hill

            /s/ Peter Keane                       /s/ Jeffery K. Parsigian
            --------------------------         ----------------------------
                Peter Keane                           Jeffery K. Parsigian

            /s/ Thomas J. Standke                 /s/ Damon P. Engelby
            --------------------------         ----------------------------
                Thomas J. Standke                     Damon P. Engelby

            /s/ Gregory C. Williams               /s/ Norman B. White
            --------------------------         ----------------------------
                Gregory C. Williams                   Norman B. White

            /s/ Howard A. Fingeroot               /s/ Kenneth A. Simons
            --------------------------         ----------------------------
                Howard A. Fingeroot                   Kenneth A. Simons

            /s/ Alan E. Rockett                   /s/ Curtis K. Ring
            --------------------------         ----------------------------
                Alan E. Rockett                       Curtis K. Ring





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.1
<SEQUENCE>10
<DESCRIPTION>FORM T-1
<TEXT>

<PAGE>   1
                                                                    EXHIBIT 25.1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                      UNDER THE TRUST INDENTURE ACT OF 1939
                  OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

                CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
                   OF A TRUSTEE PURSUANT TO SECTION 305(B)(2)



                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
               (EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)

A NATIONAL BANKING ASSOCIATION                                   31-0838515
                                                                (I.R.S. EMPLOYER
                                                          IDENTIFICATION NUMBER)

100 EAST BROAD STREET, COLUMBUS, OHIO                                 43271-0181
         (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                     (ZIP CODE)

                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION
                              100 EAST BROAD STREET
                            COLUMBUS, OHIO 43271-0181
                ATTN: STEVEN M. WAGNER, DIRECTOR, (312) 407-1819
            (NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)


                                PULTE CORPORATION
               (EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)


           MICHIGAN                                              38-2766606
(STATE OR OTHER JURISDICTION OF                                 (I.R.S. EMPLOYER
 INCORPORATION OR ORGANIZATION)                           IDENTIFICATION NUMBER)



         33 BLOOMFIELD HILLS PARKWAY, SUITE 200
         BLOOMFIELD HILLS, MICHIGAN                                   48304
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                              (ZIP CODE)


                                 DEBT SECURITIES
                         (TITLE OF INDENTURE SECURITIES)





<PAGE>   2

ITEM 1.  GENERAL INFORMATION.  FURNISH THE FOLLOWING
                  INFORMATION AS TO THE TRUSTEE:

                  (A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING
                  AUTHORITY TO WHICH IT IS SUBJECT.

                  Comptroller of Currency, Washington, D.C., Federal Deposit
                  Insurance Corporation, Washington, D.C., The Board of
                  Governors of the Federal Reserve System, Washington D.C.

                  (B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST
                  POWERS.

                  The trustee is authorized to exercise corporate trust powers.

ITEM 2.  AFFILIATIONS WITH THE OBLIGOR.  IF THE OBLIGOR
                  IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH
                  SUCH AFFILIATION.

                  No such affiliation exists with the trustee.


ITEM 16.          LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART
                  OF THIS STATEMENT OF ELIGIBILITY.

                  1.  A copy of the articles of association of the
                      trustee now in effect.*

                  2.  A copy of the certificates of authority of the trustee to
                      commence business.*

                  3.  A copy of the authorization of the trustee to exercise
                      corporate trust powers.*

                  4.  A copy of the existing by-laws of the trustee.*

                  5.  Not Applicable.

                  6.  The consent of the trustee required by Section 321(b) of
                      the Act.


<PAGE>   3




                  7.  A copy of the latest report of condition of the trustee
                      published pursuant to law or the requirements of its
                      supervising or examining authority.

                  8.  Not Applicable.

                  9.  Not Applicable.


         Pursuant to the requirements of the Trust Indenture Act of 1939, as
         amended, the trustee, Bank One Trust Company, National Association, a
         national banking association organized and existing under the laws of
         the United States of America, has duly caused this Statement of
         Eligibility to be signed on its behalf by the undersigned, thereunto
         duly authorized, all in the City of Chicago and State of Illinois, on
         the 28th day of April, 2000.


                                   BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION,
                                   TRUSTEE

                                   BY /s/ STEVEN M. WAGNER
                                      --------------------------------
                                      STEVEN M. WAGNER
                                      DIRECTOR


         * Exhibits 1, 2, 3, and 4 are herein incorporated by reference to
Exhibits bearing identical numbers in Item 16 of the Form T-1 of Bank One Trust
Company, National Association, filed as Exhibit 25 to the Registration Statement
on Form S-4 of U S WEST Communications, Inc., filed with the Securities and
Exchange Commission on March 24, 2000 (Registration No. 333-32124).








<PAGE>   4




                                    EXHIBIT 6



                       THE CONSENT OF THE TRUSTEE REQUIRED
                          BY SECTION 321(b) OF THE ACT


                                               April 28, 2000



Securities and Exchange Commission
Washington, D.C.  20549

Ladies and Gentlemen:

In connection with the qualification of an indenture between Pulte Corporation
and Bank One Trust Company, National Association, as Trustee, the undersigned,
in accordance with Section 321(b) of the Trust Indenture Act of 1939, as
amended, hereby consents that the reports of examinations of the undersigned,
made by Federal or State authorities authorized to make such examinations, may
be furnished by such authorities to the Securities and Exchange Commission upon
its request therefor.


                  Very truly yours,

                  BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION



                  BY: /s/ STEVEN M. WAGNER
                      ------------------------------------------
                        STEVEN M. WAGNER
                        DIRECTOR







<PAGE>   5





                                    EXHIBIT 7

<TABLE>
<S>                       <C>                                <C>                       <C>                 <C>
Legal Title of Bank:       Bank One Trust Company, N.A.       Call Date: 12/31/99       State #:  391581    FFIEC 032
Address:                   100 Broad Street                   Vendor ID:  D             Cert #:  21377      Page RC-1
City, State  Zip:          Columbus, OH 43271                 Transit #:  04400003
</TABLE>


CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR DECEMBER 31, 1999

All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.

SCHEDULE RC--BALANCE SHEET

<TABLE>
<CAPTION>
                                                                                           DOLLAR AMOUNTS IN THOUSANDS   C300
                                                                                                                       ---------


ASSETS
<S>                                                                                       <C>          <C>         <C>
1.  Cash and balances due from depository institutions (from Schedule
    RC-A):                                                                                 RCON
    a. Noninterest-bearing balances and currency and coin(1)...................            0081         123,692       1.a
    b. Interest-bearing balances(2)............................................            0071          17,687       1.b
2.  Securities
    a. Held-to-maturity securities(from Schedule RC-B, column A)...............            1754               0       2.a
    b. Available-for-sale securities (from Schedule RC-B, column D)............            1773           5,860       2.b
3.  Federal funds sold and securities purchased under agreements to
    resell                                                                                 1350         364,813       3.
4.  Loans and lease financing receivables:
    a. Loans and leases, net of unearned income (from Schedule                             RCON
    RC-C)......................................................................            2122          58,020       4.a
    b. LESS: Allowance for loan and lease losses...............................            3123              10       4.b
    c. LESS: Allocated transfer risk reserve...................................            3128               0       4.c
    d. Loans and leases, net of unearned income, allowance, and                            RCON
    reserve (item 4.a minus 4.b and 4.c).......................................            2125          58,010       4.d
5.  Trading assets (from Schedule RD-D)........................................            3545               0       5
6.  Premises and fixed assets (including capitalized leases)...................            2145          22,547       6.
7.  Other real estate owned (from Schedule RC-M)...............................            2150               0       7.
8.  Investments in unconsolidated subsidiaries and associated
    companies (from Schedule RC-M).............................................            2130               0       8.
9.  Customers' liability to this bank on acceptances outstanding...............            2155               0       9.
10. Intangible assets (from Schedule RC-M).....................................            2143          27,151      10.
11. Other assets (from Schedule RC-F)..........................................            2160         141,759      11.
12. Total assets (sum of items 1 through 11)...................................            2170         761,519      12.

</TABLE>


(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.



<TABLE>
<S>                       <C>                                <C>                       <C>                <C>
Legal Title of Bank:       Bank One Trust Company, N.A.       Call Date:  12/31/99      State #:  391581   FFIEC 032
Address:                   100 East Broad Street              Vendor ID:  D             Cert #"  21377     Page RC-2
City, State  Zip:          Columbus, OH 43271                 Transit #:  04400003

</TABLE>






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>11
<DESCRIPTION>FORM OF L/T
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<P align="right"><B>EXHIBIT 99.1</B>

<DIV>&nbsp;</DIV>

<!-- link1 "LETTER OF TRANSMITTAL" -->

<DIV align="center">
<B><FONT size="4">LETTER OF TRANSMITTAL</FONT></B>
</DIV>

<P align="center">
<B><FONT size="6">PULTE CORPORATION</FONT></B>

<P align="center">
<B>Offer to Exchange</B>

<DIV align="center">
<B>Registered 9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<DIV align="center">
<B>For Any and All Outstanding</B>
</DIV>

<P align="right">
<B>Unregistered 9&nbsp;1/2%&nbsp;Notes due 2003</B>

<DIV align="right">
<B>CUSIP No.
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
</B>
</DIV>

<P align="center">
<B>Pursuant to the Prospectus dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000</B>

<P align="center">
<B> THE EXCHANGE OFFER WILL EXPIRE AT 5:00&nbsp;P.M. NEW YORK
CITY TIME,</B>

<DIV align="center">
<B>ON
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2000, UNLESS EXTENDED (THE &#147;EXPIRATION DATE&#148;).</B>
</DIV>

<DIV align="center">
<B>TENDERS MAY BE WITHDRAWN PRIOR TO 5:00&nbsp;P.M.,</B>
</DIV>

<DIV align="center">
<B>NEW YORK CITY TIME, ON THE EXPIRATION DATE.</B>
</DIV>

<P align="center">
<I>The Exchange Agent for the Exchange Offer is:</I>

<DIV align="center">
<B>BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION</B>
</DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="48%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="49%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<I>By Hand, Overnight Mail, Courier or Telegram:</I></FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<BR>
	<I>By Mail:</I></FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	One North State Street, 9th Floor<BR>
	Chicago, IL 60602</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	1 Bank One Plaza, Mail Suite&nbsp;IL 1-0122<BR>
	Chicago, IL 60670-0122</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14 Wall Street, 8th Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14 Wall Street, 8th Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="33%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="32%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="29%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<I>For information call:<BR>
	</I>(800) 524-9472</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<I>Facsimile Transmission:<BR>
	</I>(312) 407-8853</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<I>E-mail:<BR>
	</I>bondholders@em.fcnbd.com</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>DELIVERY OF THIS LETTER OF
TRANSMITTAL TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR
TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN AS SET
FORTH ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.</B>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLEASE READ THE ACCOMPANYING
INSTRUCTIONS CAREFULLY BEFORE COMPLETING THIS LETTER OF
TRANSMITTAL.

<P align="center">

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned acknowledges that
he or she has received and reviewed the Prospectus, dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the <I>&#147;Prospectus&#148;</I>), of PULTE CORPORATION,
a Michigan corporation (the <I>&#147;Company&#148;</I>), and this
 Letter of Transmittal (the <I>&#147;Letter&#148;</I>), which
together constitute the Company&#146;s offer (the <I>
&#147;Exchange Offer&#148;</I>) to exchange its
9&nbsp;1/2%&nbsp;Notes due 2003 which have been registered under
the Securities Act of 1933, as amended (the <I>&#147;New
Notes&#148;</I>), for a like principal amount of the
Company&#146;s issued and outstanding unregistered
9&nbsp;1/2%&nbsp;Notes due 2003 (the <I>&#147;Original
Notes&#148;</I>).

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For each Original Note accepted for
 exchange, the Holder of such Original Note will receive a New
Note having a principal amount equal to that of the surrendered
Original Note. The New Notes will bear interest from the most
recent date to which interest has been paid on the Original Notes
 or, if no interest has been paid on the Original Notes, from
April&nbsp;3, 2000. Accordingly, registered Holders of New Notes
on the relevant record date for the first interest payment date
following the consummation of the Exchange Offer will receive
interest accrued from the most recent date to which interest has
been paid or, if no interest has been paid, from April&nbsp;3,
2000. However, if that record date occurs prior to completion of
the Exchange Offer, then the interest payable on the first
interest payment date following the completion of the Exchange
Offer will be paid to the registered Holders of the Original
Notes on that record date. Original Notes accepted for exchange
will cease to accrue interest from and after the date of
consummation of the Exchange Offer and will be cancelled. Holders
 of Original Notes whose Original Notes are accepted for exchange
 will not receive any payment in respect of accrued interest on
such Original Notes otherwise payable on any interest payment
date for which the record date occurs on or after consummation of
 the Exchange Offer.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Letter is to be completed by a
 Holder of Original Notes either if (1)&nbsp;certificates are to
be forwarded herewith or (2)&nbsp;tenders are to be made by
book-entry transfer to the account maintained by the Exchange
Agent at The Depository Trust Company (<I>&#147;DTC&#148;</I> or
the <I>&#147;Book-Entry Transfer Facility&#148;</I>) pursuant to
the procedures set forth in &#147;The Exchange Offer&nbsp;&#151;
Book-Entry Transfer&#148; section of the Prospectus. Holders of
Original Notes whose certificates are not immediately available,
or who are unable to deliver their certificates or confirmation
of the book-entry tender of their Original Notes into the
Exchange Agent&#146;s account at the Book-Entry Transfer Facility
 (a <I>&#147;Book-Entry Confirmation&#148;</I>) and all other
documents required by this Letter to the Exchange Agent on or
prior to the Expiration Date, must tender their Original Notes
according to the guaranteed delivery procedures set forth in
&#147;The Exchange Offer&nbsp;&#151; Guaranteed Delivery
Procedures&#148; section of the Prospectus. See Instruction 1.
Delivery of documents to the Book-Entry Transfer Facility does
not constitute delivery to the Exchange Agent.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenders by book-entry transfer may
also be made by delivering an Agent&#146;s Message in lieu of
this Letter. The term &#147;Agent&#146;s Message&#148; means a
message transmitted by the Book-Entry Transfer Facility and
received by the Exchange Agent and forming a part of a Book-Entry
 Confirmation, which states that the Book-Entry Transfer Facility
 has received an express acknowledgment from the tendering
participant, which acknowledgment states that such participant
has received and agrees to be bound by this Letter and the
Company may enforce this Letter against such participant.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As used in this Letter, the term
&#147;Holder&#148; with respect to the Exchange Offer means any
person in whose name Original Notes are registered on the books
of the Company or, with respect to interests in global notes held
 by DTC, any DTC participant listed in an official DTC proxy. The
 undersigned has completed the appropriate boxes below and signed
 this Letter to indicate the action the undersigned desires to
take with respect to the Exchange Offer.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the undersigned is not a
broker-dealer, the undersigned represents that it is not engaged
in, and does not intend to engage in, a distribution of New
Notes. If the undersigned is a broker-dealer that will receive
New Notes, the undersigned represents that the Original Notes to
be exchanged for the New Notes were acquired as a result of
market-making activities or other trading activities, and the
undersigned acknowledges that it will deliver a prospectus
meeting the requirements of the Securities Act of 1933, as
amended, in connection with any resale of such New Notes;
however, by so acknowledging and by delivering such a prospectus
the undersigned will not be deemed to admit that it is an
&#147;underwriter&#148; within the meaning of the Securities Act
of 1933, as amended.

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;List below the Original Notes to
which this Letter relates. If the space provided below is
inadequate, the certificate numbers and principal amount of
Original Notes should be listed on a separate signed schedule
affixed hereto.

<P align="center">2

<!-- PAGEBREAK -->
<P><HR noshade><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="43%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="18%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="7" align="center" valign="top"><FONT size="2"><B>DESCRIPTION OF ORIGINAL NOTES</B></FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<B>Name(s) and Address(es) of Registered Holder(s)<BR>
	(Please fill in, if blank)</B></FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	<B>Certificate<BR>
	Number(s)*</B></FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	<B>Aggregate<BR>
	Principal Amount<BR>
	of Original Notes</B></FONT></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	<B>Principal/Amount<BR>
	Tendered**</B></FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="5" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="5" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="5" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="5" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	<B>&nbsp;Total:</B></FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left" valign="top"><FONT size="2">&nbsp;&nbsp;*&nbsp;&nbsp;Do not complete if Original Notes are being tendered by book-entry transfer.</FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left" valign="top"><FONT size="2">&nbsp;&nbsp;**&nbsp;A Holder will be deemed to have tendered ALL Original Notes unless a lesser amount is specified in this column. See Instruction&nbsp;2. Original Notes tendered hereby must be in
denominations of $100,000 and integral multiples of $1,000 in excess thereof. See Instruction&nbsp;1.</FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left" valign="top"><FONT size="2">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;CHECK HERE IF TENDERED ORIGINAL NOTES ARE BEING DELIVERED BY BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT MAINTAINED BY THE EXCHANGE AGENT WITH THE BOOK-ENTRY
TRANSFER FACILITY AND COMPLETE THE FOLLOWING:<BR><BR><BR>&nbsp;&nbsp;Name of Tendering Institution&nbsp;<HR size="1"><BR>&nbsp;&nbsp;Account Number&nbsp; ------------------------------------------------------------------------------------------------------------------------------&nbsp;&nbsp;
Transaction Code Number&nbsp;</FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left" valign="top"><FONT size="2">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;CHECK HERE IF TENDERED ORIGINAL NOTES ARE BEING DELIVERED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY SENT TO THE EXCHANGE AGENT AND COMPLETE
THE FOLLOWING:<BR><BR><BR>&nbsp;&nbsp;Name(s) of Registered Holder(s)&nbsp;<HR size="1"><BR>&nbsp;&nbsp;Window Ticket Number (if any)&nbsp;<HR size="1"><BR>&nbsp;&nbsp;Date of Execution of Notice of Guaranteed Delivery&nbsp;<HR size="1"><BR>&nbsp;&nbsp;Name of
Institution Which Guaranteed Delivery&nbsp;<HR size="1"><BR>&nbsp;&nbsp;If Delivered by Book-Entry Transfer, Complete the Following:<BR><BR><BR>&nbsp;&nbsp;Account Number&nbsp; ----------------------------------------------------------------------------------------------------------
--------------------&nbsp;&nbsp; Transaction Code Number&nbsp;</FONT></TD>
</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="7" align="left" valign="top"><FONT size="2">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10&nbsp;ADDITIONAL COPIES OF THE PROSPECTUS AND 10&nbsp; COPIES OF ANY AMENDMENTS OR
SUPPLEMENTS THERETO.<BR><BR><BR>&nbsp;&nbsp;Name:&nbsp;<HR size="1"><BR>&nbsp;&nbsp;Address:&nbsp;<HR size="1"></FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">3
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>NOTE: SIGNATURES MUST BE PROVIDED BELOW</B>

<DIV align="center">
<B>PLEASE READ CAREFULLY THE ACCOMPANYING INSTRUCTIONS</B>
</DIV>

<P align="left">Ladies and Gentlemen:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the terms and subject to the conditions of the Exchange
Offer, the undersigned hereby tenders to the Company the
aggregate principal amount of Original Notes indicated on
page&nbsp;3. Subject to, and effective upon, the acceptance for
exchange of the Original Notes tendered hereby, the undersigned
hereby sells, assigns and transfers to, or upon the order of, the
 Company all right, title and interest in and to such Original
Notes as are being tendered hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned hereby irrevocably constitutes and appoints the
Exchange Agent as the undersigned&#146;s true and lawful agent
and attorney-in-fact with respect to such tendered Original
Notes, with full power of substitution, among other things, to
cause the Original Notes to be assigned, transferred and
exchanged. The undersigned hereby represents and warrants that
the undersigned has full power and authority to tender, sell,
assign and transfer the Original Notes, and to acquire the New
Notes issuable upon the exchange of such tendered Original Notes,
 and that, when the same are accepted for exchange, the Company
will acquire good and unencumbered title thereto, free and clear
of all liens, restrictions, charges and encumbrances and not
subject to any adverse claim when the same are accepted by the
Company. The undersigned hereby further represents that:
(1)&nbsp;any New Notes acquired in exchange for Original Notes
tendered hereby will have been acquired in the ordinary course of
 business of the person receiving such New Notes, whether or not
such person is the undersigned, (2)&nbsp;neither the Holder of
such Original Notes nor any such other person has an arrangement
or understanding with any person to participate in the
distribution of such New Notes and (3)&nbsp;neither the Holder of
 such Original Notes nor any such other person is an
&#147;affiliate&#148; of the Company as defined in Rule&nbsp;405
under the Securities Act of 1933, as amended (the <I>
&#147;Securities&nbsp;Act&#148;</I>).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned acknowledges that this Exchange Offer is being
made in reliance on interpretations by the staff of the
Securities and Exchange Commission (the <I>&#147;SEC&#148;</I>),
as set forth in no-action letters issued to third parties, that
the New Notes issued pursuant to the Exchange Offer in exchange
for the Original Notes may be offered for resale, resold and
otherwise transferred by Holders thereof (other than any such
Holder that is an &#147;affiliate&#148; of the Company within the
 meaning of Rule&nbsp;405 under the Securities Act), without
compliance with the registration and prospectus delivery
provisions of the Securities Act, provided that such Holders are
not broker-dealers, such New Notes are acquired in the ordinary
course of such Holders&#146; business and such Holders have no
arrangement or understanding with any person to participate in
the distribution of such New Notes. However, the SEC has not
considered the Exchange Offer in the context of a no-action
letter and there can be no assurance that the staff of the SEC
would make a similar determination with respect to the Exchange
Offer as in other circumstances. If any Holder is an affiliate of
 the Company, or has any arrangement or understanding with
respect to the distribution of the New Notes to be acquired
pursuant to the Exchange offer, such Holder (i)&nbsp;could not
rely on the applicable interpretations of the staff of the SEC
and (ii)&nbsp;must comply with the registration and prospectus
delivery requirements of the Securities Act in connection with
any resale transaction. If the undersigned is a broker-dealer
that will receive New Notes for its own account in exchange for
Original Notes, it represents that the Original Notes to be
exchanged for the New Notes were acquired by it as a result of
market-making activities or other trading activities and
acknowledges that it will deliver a prospectus meeting the
requirements of the Securities Act in connection with any resale
of such New Notes; however, by so acknowledging and by delivering
 a prospectus meeting the requirements of the Securities Act, the
 undersigned will not be deemed to admit that it is an
&#147;underwriter&#148; within the meaning of the
Securities&nbsp;Act.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned will, upon request, execute and deliver any
additional documents reasonably deemed by the Company to be
necessary or desirable to complete the sale, assignment and
transfer of the Original Notes tendered hereby. All authority
conferred or agreed to be conferred in this Letter and every
obligation of the undersigned hereunder shall be binding upon the
 successors, assigns, heirs, executors, administrators, trustees
in bankruptcy and legal representatives of the undersigned and
shall not be affected

<P align="center">4
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
by, and shall survive, the death or incapacity of the
undersigned. This tender may be withdrawn only in accordance with
 the procedures set forth in &#147;The Exchange Offer&nbsp;&#151;
 Withdrawal Rights&#148; section of the Prospectus.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Unless otherwise indicated herein in the box entitled
&#147;Special Issuance Instructions&#148; below, please deliver
the New Notes (and, if applicable, substitute certificates
representing Original Notes for any Original Notes not exchanged)
 in the name of the undersigned or, in the case of a book-entry
delivery of Original Notes, please credit the account indicated
above maintained at the Book-Entry Transfer Facility. Similarly,
unless otherwise indicated under the box entitled &#147;Special
Delivery Instructions&#148; below, please send the New Notes
(and, if applicable, substitute certificates representing
Original Notes for any Original Notes not exchanged) to the
undersigned at the address shown above in the box entitled
&#147;Description of Original Notes.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned, by completing the box entitled &#147;Description
 of Original Notes&#148; on page&nbsp;3 and signing this letter,
will be deemed to have tendered the Original Notes as set forth
in such box on page&nbsp;3.

<P align="center">5

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="center">
<B>SPECIAL ISSUANCE INSTRUCTIONS</B>
</DIV>

<DIV align="center">
<B>(See Instructions&nbsp;3 and&nbsp;4)</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To be completed <B>ONLY</B> if Original Notes not exchanged
and/or New Notes are to be issued in the name of someone other
than the person or persons whose signature(s) appear(s) on this
Letter on page&nbsp;7, or if Original Notes delivered by
book-entry transfer which are not accepted for exchange are to be
 returned by credit to an account maintained at the Book-Entry
Transfer Facility other than the account indicated above.

<P align="left">
Issue:&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;New
Notes&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;Original Notes

<P align="left">
Name(s)&nbsp;<HR size="1" width="57%" align="left">

<DIV align="center">
<B><FONT size="2">(Please Type or Print)</FONT></B>
</DIV>

<P align="left">
<HR size="1" width="71%" align="left">

<P align="left">
Address&nbsp;<HR size="1" width="58%" align="left">

<P align="left">
Taxpayer Identification or

<DIV align="left">
Social Security No.&nbsp;<HR size="1" width="43%" align="left">
</DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>[&nbsp;&nbsp;&nbsp;]&nbsp;</TD>
	<TD align="left">
	Credit unexchanged Original Notes delivered by book-entry
	transfer to the Book-Entry Transfer Facility account set forth
	below.</TD>
</TR>

</TABLE>

<P align="left">
<HR size="1" width="71%" align="left">

<DIV align="center">
<B><FONT size="2">(Book-Entry Transfer Facility Account Number,
if applicable)</FONT></B>
</DIV>

<P align="center">
<B>SPECIAL DELIVERY INSTRUCTIONS</B>

<DIV align="center">
<B>(See Instructions 3 and 4)</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To be completed <B>ONLY</B> if Original Notes not exchanged
and/or New Notes are to be sent to someone other than the person
or persons whose signature(s) appear(s) on this Letter or to such
 person or persons at an address other than shown in the box
entitled &#147;Description of Original Notes&#148; on this
Letter.

<P align="left">
Mail:&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;New
Notes&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;Original Notes

<P align="left">
Name(s)&nbsp;<HR size="1" width="57%" align="left">

<DIV align="center">
<B><FONT size="2">(Please Type or Print)</FONT></B>
</DIV>

<P align="left">
<HR size="1" width="71%" align="left">
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>Address&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

</TABLE>

<DIV align="left">
<HR size="1" width="67%" align="left">
</DIV>

<P align="center">6
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="center">
<B>ALL TENDERING HOLDERS</B>
</DIV>

<DIV align="center">
<B>PLEASE SIGN HERE</B>
</DIV>

<DIV align="center">
<B>(Complete Substitute Form&nbsp;W-9 on next page)</B>
</DIV>

<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="74%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="12%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="8%">&nbsp;</TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="center" valign="bottom"><FONT size="2">
        </FONT></TD>
        <TD></TD>
        <TD align="right" valign="bottom"><FONT size="2">
        </FONT></TD>
</TR>

<TR>
        <TD align="left"><HR size="1"></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD><HR size="1"></TD>
        <TD>, 2000</TD>

</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="center" valign="bottom"><FONT size="2">
        </FONT></TD>
        <TD></TD>
        <TD align="right" valign="bottom"><FONT size="2">
        </FONT></TD>
</TR>

<TR>
        <TD align="left"><HR size="1"></TD>
        <TD></TD>
        <TD><HR size="1"></TD>
        <TD><HR size="1"></TD>
        <TD>, 2000</TD>

</TR>

<TR>
        <TD align="center" valign="top"><FONT size="2">
        <B>Signature(s) of owner</B></FONT></TD>
        <TD></TD>
        <TD colspan="3" align="center" valign="bottom"><FONT size="2"><B>Date</B></FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
Area Code and

<DIV align="left">
Telephone Number&nbsp;<HR size="1" width="100%" align="left">
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Letter must be signed by the registered holder(s) or DTC
participant(s) exactly as the name(s) appear(s) on the Original
Notes or on a security position listing or by any person(s)
authorized to become registered holder(s) by endorsements and
documents transmitted herewith. If signature is by a trustee,
executor, administrator, guardian, officer or other person acting
 in a fiduciary or representative capacity, please provide the
following information. See Instruction&nbsp;3.

<P align="left">
Name(s):&nbsp;<HR size="1" width="100%" align="left">

<DIV align="center">
<B><FONT size="2">(Please Type or Print)</FONT></B>
</DIV>

<P align="left">
Capacity (Full Title):&nbsp;
<HR size="1" width="100%" align="left">

<P align="left">
Address:&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
<HR size="1" width="100%" align="left">

<DIV align="left">
Taxpayer Identification or
</DIV>

<DIV align="left">
Social Security No.:&nbsp;<HR size="1" width="100%" align="left">
</DIV>


<DIV align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>

<DIV align="center">
<B>SIGNATURE GUARANTEE</B>
</DIV>

<DIV align="center">
<B>(If required by Instruction 3)</B>
</DIV>

<P align="left">
Signature(s) Guaranteed

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="18%"></TD>
        <TD width="82%"></TD>
</TR>

<TR valign="top">
        <TD>by an Eligible Institution:&nbsp;</TD>
        <TD align="left">
        <HR size="1" align="left"></TD>
</TR>

</TABLE>

<DIV align="center">
<B><FONT size="2">(Authorized Signature)</FONT></B>
</DIV>

<P align="left">
Name and Title:&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
Name of Firm:&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
Dated: ________________________, 2000

<P align="left">
IMPORTANT:&nbsp; This Letter (or a facsimile hereof), together
with the certificates for Original Notes or a Book-Entry
Confirmation and all other required documents or The Notice of
Guaranteed Delivery, must be received by the Exchange Agent prior
 to 5:00&nbsp;p.m., New&nbsp;York City time, on the Expiration
Date.

<P align="center">7
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>TO BE COMPLETED BY ALL TENDERING HOLDERS</B>

<DIV align="center">
<B>(See Instruction 5)</B>
</DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="25%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="45%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="24%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="5" align="center" valign="top"><FONT size="2"><B>PAYOR&#146;S NAME: BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION</B></FONT></TD>
</TR>

<TR>
	<TD colspan="5">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	<BR>
	<B>SUBSTITUTE<BR>
	Form W-9</B></FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	<B>PART 1: PLEASE PROVIDE YOUR TIN IN THE BOX AT RIGHT AND
	CERTIFY BY SIGNING AND DATING BELOW.</B></FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	&nbsp;TIN&nbsp;<HR size="1">Social Security Number<BR>
	<BR>
	&nbsp;OR&nbsp;<HR size="1">Employer Identification Number<BR>
	<BR>
	<BR>
	TIN Applied For&nbsp;[&nbsp;&nbsp;&nbsp;]</FONT></TD>
</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="31%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="60%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	<B>Payor&#146;s Request for<BR>
	Taxpayer Identification<BR>
	Number (TIN) and<BR>
	Certification Department<BR>
	<BR>
	Department of the Treasury<BR>
	Internal Revenue Service</B></FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	<B>CERTIFICATION: </B>Under the penalties of perjury, I certify
	that:<BR>
	<BR>
	(1)&nbsp;the number shown on this form is my correct Taxpayer
	Identification Number (or&nbsp;I am waiting for a number to be
	issued to me);<BR>
	<BR>
	(2)&nbsp;I am not subject to backup withholding either because:
	(a)&nbsp;I am exempt from backup withholding, or (b)&nbsp; I have
	 not been notified by the Internal Revenue Service (the
	&#147;IRS&#148;) that&nbsp;I am subject to backup withholding as
	a result of a failure to report all interest or dividends, or
	(c)&nbsp;the IRS has notified me that&nbsp;I am no longer subject
	 to backup withholding;&nbsp;and<BR>
	<BR>
	(3)&nbsp;any other information provided on this form is true and
	correct.<BR>
	<BR>
	SIGNATURE&nbsp;<HR size="1"> DATE&nbsp;<HR size="1"></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="5">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	You must cross out item (2)&nbsp;of the above certification if
	you have been notified by the IRS that you are subject to backup
	withholding because of underreporting of interest or dividends on
	 your tax return and you have not been notified by the IRS that
	you are no longer subject to backup withholding.</FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="5">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<B>YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU CHECKED THE
	 BOX IN PART&nbsp;2 OF SUBSTITUTE FORM W-9</B></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="5">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	<B>CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER<BR>
	<BR>
	 </B>I certify under penalties of perjury that a Taxpayer
	Identification Number has not been issued to me, and either
	(a)&nbsp;I have mailed or delivered an application to receive a
	Taxpayer Identification Number to the appropriate Internal
	Revenue Service Center or Social Security Administration Office
	or (b)&nbsp;I intend to mail or deliver an application in the
	near future. I understand that if&nbsp;I do not provide a
	Taxpayer Identification Number by the time of the exchange, 31%
	of all reportable payments made to me thereafter will be withheld
	 until I provide a number.</FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="5">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	SIGNATURE&nbsp;<HR size="1"> DATE&nbsp;<HR size="1"></FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">8
<!-- PAGEBREAK -->
<P><HR noshade><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="36%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="61%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
        <TD colspan="3" align="center" valign="top"><FONT size="2"><B>Certificate of Foreign Status</B></FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
        <TD align="left" valign="top"><FONT size="2">
        <B>SUBSTITUTE</B></FONT></TD>
        <TD></TD>
        <TD></TD>
</TR>

<TR>
        <TD colspan="3">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
        <TD align="left" valign="top"><FONT size="2">
        <B>Form W-8<BR>
        Department of the Treasury<BR>
        Internal Revenue Service</B></FONT></TD>
        <TD></TD>
        <TD></TD>
</TR>

<TR>
        <TD colspan="3" align="left"><HR size="1"></TD>

</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="14%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="83%">&nbsp;</TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;Name of owner (If joint account, also give joint
        owner&#146;s name.)</FONT></TD>
</TR>

<TR>
        <TD colspan="3">&nbsp;</TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left"><HR size="1"></TD>

</TR>

<TR>
        <TD colspan="3">&nbsp;</TD>
</TR>

<TR>
        <TD align="left" valign="top"><FONT size="2">
        <B>Please<BR>
        Print<BR>
        or Type</B></FONT></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;Permanent address (If you are an individual, provide
        the address of your permanent residence. If you are a partnership
         or corporation, provide the address of your principal office. If
         you are an estate or trust, provide the permanent address or
        principal office of any fiduciary.)<BR>
        <BR>
        <HR size="1" width="100%"><BR>
        &nbsp;&nbsp;City, province or state, postal code, and country</FONT></TD>
</TR>
<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left"><HR size="1"></TD>

</TR>

<TR>
        <TD colspan="3">&nbsp;</TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;Current mailing address, if different from permanent
        address (Include apt. or suite&nbsp;no., or P.O.&nbsp;box if mail
         is not delivered to street address.)</FONT></TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>


<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left"><HR size="1"></TD>

</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;City, town or post office, state and ZIP code (If
        foreign address, enter city, province or state, postal code, and
        country.)</FONT></TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;

<TR>
        <TD colspan="3" align="left"><HR size="1"></TD>

</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="10%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
        <TD align="left" valign="top"><FONT size="2">
        <B>Please<BR>
        Sign<BR>
        Here</B></FONT></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;<B>Certification</B>&nbsp;&#151; Under penalties of
        perjury, I certify that I am an exempt foreign person, for Backup
         Withholding purposes, under the U.S.&nbsp;Federal income tax
        laws, because:<BR>
        &nbsp;&nbsp; 1.&nbsp;I am a nonresident alien individual or a
        foreign corporation, partnership, estate or trust,<BR>
        &nbsp;&nbsp; 2.&nbsp;If an individual, I have not been, and do
        not plan to be, present in the United States for a total of
        183&nbsp;days or more during the calendar year,&nbsp;and<BR>
        &nbsp;&nbsp; 3.&nbsp;I am neither engaged, nor plan to be engaged
         during the year, in a U.S.&nbsp;trade or business that has
        effectively connected gains from transactions with a broker or
        barter exchange.</FONT></TD>
</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left"><HR size="1"></TD>

</TR>

<TR>
        <TD></TD>
        <TD></TD>
        <TD align="left" valign="top"><FONT size="2">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date
        <BR>
        &nbsp;&nbsp;[ARROW]</FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="left"><HR size="1"></TD>

</TR>

</TABLE>
</CENTER>

<P align="center">9

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>INSTRUCTIONS</B>

<DIV align="center">
<B>FORMING PART OF THE TERMS AND CONDITIONS OF THE EXCHANGE OFFER
</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp; <B>DELIVERY OF THIS LETTER AND NOTES; GUARANTEED
DELIVERY PROCEDURES.&nbsp; </B>This Letter is to be completed by
Holders of Original Notes either if certificates are to be
forwarded herewith or if tenders are to be made pursuant to the
procedures for delivery by book-entry transfer set forth in
&#147;The Exchange Offer&nbsp;&#151; Book-Entry Transfer&#148;
section of the Prospectus. Certificates for all physically
tendered Original Notes, or Book-Entry Confirmation, as the case
may be, as well as a properly completed and duly executed Letter
(or manually signed facsimile hereof), with any required
signature guarantees, and any other documents required by this
Letter, must be received by the Exchange Agent at the address set
 forth herein on or prior to the Expiration Date, or the
tendering Holder must comply with the guaranteed delivery
procedures set forth below. Original Notes tendered hereby must
be in denominations of principal amount of $100,000 and integral
multiples of $1,000 in excess thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Holders who tender their Original Notes by delivering an
Agent&#146;s Message do not need to submit this Letter.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Holders whose certificates for Original Notes are not immediately
 available or who cannot deliver their certificates and all other
 required documents to the Exchange Agent on or prior to the
Expiration Date, or who cannot complete the procedure for
book-entry transfer on a timely basis, may tender their Original
Notes pursuant to the guaranteed delivery procedures set forth in
 &#147;The Exchange Offer&nbsp;&#151; Guaranteed Delivery
Procedures&#148; section of the Prospectus. Pursuant to such
procedures, (i)&nbsp;such tender must be made through an Eligible
 Institution, (ii)&nbsp;prior to 5:00&nbsp;P.M., New&nbsp;York
City time, on the Expiration Date, the Exchange Agent must
receive from such Eligible Institution a properly completed and
duly executed Letter (or a facsimile thereof) and Notice of
Guaranteed Delivery, substantially in the form provided by the
Company (by facsimile transmission, mail or hand delivery),
setting forth the name and address of the Holder of Original
Notes and the amount of Original Notes tendered stating that the
tender is being made thereby and guaranteeing that within three
New&nbsp;York Stock Exchange (<I>&#147;NYSE&#148;</I>) trading
days after the Expiration Date, the certificates for all
physically tendered Original Notes, in proper form for transfer,
or a Book-Entry confirmation, as the case may be, and any other
documents required by this Letter will be deposited by the
Eligible Institution with the Exchange Agent, and (iii)&nbsp;the
certificates for all physically tendered Original Notes, in
proper form for transfer, or a Book-Entry Confirmation, as the
case may be, and all other documents required by this Letter, are
 received by the Exchange Agent within three NYSE trading days
after the Expiration Date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THE METHOD OF DELIVERY OF THIS LETTER, THE ORIGINAL NOTES AND
ALL OTHER REQUIRED DOCUMENTS IS AT THE ELECTION AND RISK OF THE
TENDERING HOLDERS, AND THE DELIVERY WILL BE DEEMED MADE ONLY WHEN
 ACTUALLY RECEIVED OR CONFIRMED BY THE EXCHANGE AGENT. IF
DELIVERY IS BY MAIL, REGISTERED MAIL, PROPERLY INSURED, WITH
RETURN RECEIPT REQUESTED, OR OVERNIGHT DELIVERY SERVICE IS
RECOMMENDED. IN ALL CASES, SUFFICIENT TIME SHOULD BE ALLOWED TO
ENSURE TIMELY DELIVERY.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
See &#147;The Exchange Offer&#148; section of the Prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.<B>&nbsp; PARTIAL TENDERS (NOT APPLICABLE TO HOLDERS WHO TENDER
 BY BOOK-ENTRY TRANSFER).&nbsp; </B>If less than all of the
Original Notes evidenced by a submitted certificate are to be
tendered, the tendering Holder(s) should fill in the aggregate
principal amount of the Original Notes to be tendered in the box
above entitled &#147;Description of Original Notes&nbsp;&#151;
Principal Amount Tendered.&#148; A reissued certificate
representing the balance of non-tendered Original Notes will be
sent to such tendering Holder, unless otherwise provided in the
appropriate box on this Letter promptly after the Expiration
Date. All of the Original Notes delivered to the Exchange Agent
will be deemed to have been tendered unless otherwise indicated.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.<B>&nbsp; SIGNATURES ON THIS LETTER; BOND POWERS AND
ENDORSEMENTS; GUARANTEE OF SIGNATURES.&nbsp; </B>If this Letter
is signed by the registered Holder of the Original Notes tendered

<P align="center">10

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
hereby, the signature must correspond exactly with the name as
written on the face of the certificates without any change
whatsoever. If this Letter is signed by a participant in DTC, the
 signature must correspond with the name as it appears on the
security position listing as the owner of the Original Notes.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If any tendered Original Notes are owned of record by two or more
 joint owners, all of such owners must sign this Letter.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If any tendered Original Notes are registered in different names,
 it will be necessary to complete, sign and submit as many
separate copies of this Letter as there are different
registrations of the Original Notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
When this Letter is signed by the registered Holder(s) of the
Original Notes specified herein and tendered hereby, no
endorsements of the tendered Original Notes or separate bond
powers are required. If, however, the New Notes are to be issued,
 or any untendered Original Notes are to be reissued, to a person
 other than the registered Holder, then endorsements of any
Original Notes transmitted hereby or separate bond powers are
required. Signatures on the Original Notes or bond power must be
guaranteed by an Eligible Institution.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If this Letter is signed by a person other than the registered
Holder(s) of any Original Notes specified herein, such Original
Notes must be endorsed or accompanied by appropriate bond powers,
 in either case signed exactly as the name or names of the
registered Holder or Holders appear(s) on the Original Notes (or
security position listing) and signatures on the Original Notes
or bond power must be guaranteed by an Eligible Institution.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If this Letter or any certificates or bond powers are signed by
trustees, executors, administrators, guardians,
attorneys-in-fact, officers of corporations or others acting in a
 fiduciary or representative capacity, such persons should so
indicate when signing, and, unless waived by the Company, must
submit proper evidence satisfactory to the Company of their
authority to so act.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Endorsements on Original Notes or signatures on bond powers
required by this Instruction 3 must be guaranteed by a firm or
other entity identified in Rule&nbsp;17Ad-15 under the Exchange
Act as an &#147;eligible guarantor institution,&#148; including
(as such terms are defined therein) (i)&nbsp;a bank,
(ii)&nbsp;broker, dealer, municipal securities broker or dealer
or government securities broker or dealer, (iii)&nbsp;a credit
union, (iv)&nbsp;a national securities exchange, registered
securities association or clearing agency, or (v)&nbsp;a savings
association that is a participant in a Securities Transfer
Association (an <I>&#147;Eligible Institution&#148;</I>).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Signatures on this Letter need not be guaranteed by an Eligible
Institution if the Original Notes are tendered: (i)&nbsp;by a
registered Holder of Original Notes (which term, for purposes of
the Exchange Offer, includes any participant in the Book-Entry
Transfer Facility whose name appears on a security position
listing as the owner of such Original Notes) who has not
completed the box entitled &#147;Special Issuance
Instructions&#148; or &#147;Special Delivery Instructions&#148;
on this Letter, or (ii)&nbsp;for the account of an Eligible
Institution.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.&nbsp; <B>SPECIAL ISSUANCE AND DELIVERY INSTRUCTIONS.&nbsp;
</B>Tendering Holders of Original Notes should indicate in the
applicable box on page&nbsp;6 the name and address to which New
Notes issued pursuant to the Exchange Offer and/ or substitute
certificates evidencing Original Notes not exchanged are to be
issued or sent, if different from the name or address of the
person signing this Letter. In the case of issuance in a
different name, the employer identification or social security
number of the person named must also be indicated. Holders
tendering Original Notes by book-entry transfer may request that
Original Notes not exchanged be credited to such account
maintained at the Book-Entry Transfer Facility as such note
Holder may designate hereon. If no such instructions are given,
such Original Notes not exchanged will be returned to the name
and address of the person signing this Letter.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp; <B>TAXPAYER IDENTIFICATION NUMBER.&nbsp; </B>Federal
income tax law generally requires that a tendering Holder whose
Original Notes are accepted for exchange must provide the Company
 (as payor) with such Holder&#146;s correct Taxpayer
Identification Number (<I>&#147;TIN&#148;</I>) on the Substitute
Form&nbsp;W-9 on page&nbsp;8, which in the case of a tendering
Holder who is an individual, is his or her social security
number. If the Company is not provided with the current TIN or an
 adequate basis for an exemption from backup

<P align="center">11
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<P><HR noshade><P>

<DIV align="left">
withholding, such tendering Holder may be subject to a $50
penalty imposed by the Internal Revenue Service. In addition, the
 Exchange Agent may be required to withhold 31% of the amount of
any reportable payments made after the exchange to such tendering
 Holder of New Notes. If withholding results in an overpayment of
 taxes, a refund may be obtained.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exempt Holders of Original Notes (including, among others, all
corporations and certain foreign individuals) are not subject to
these backup withholding and reporting requirements. Exempt
holders, other than foreign individuals, should furnish their
TIN, write &#147;Exempt&#148; on the face of the Substitute
Form&nbsp;W-9 and sign, date and return the form to the Exchange
Agent. See the enclosed Guidelines for Certification of Taxpayer
Identification Number on Substitute Form&nbsp;W-9 (the <I>
&#147;W-9 Guidelines&#148;</I>) for additional instructions. If
the tendering holder of Original Notes is a nonresident alien or
foreign entity not subject to backup withholding, such holder
must give the Exchange Agent a completed Form&nbsp;W-8
Certificate of Foreign Status, a form of which is included on
page&nbsp;9.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To prevent backup withholding, each tendering Holder of Original
Notes must provide its correct TIN by completing the Substitute
Form&nbsp;W-9 on page&nbsp;8, certifying, under penalties of
perjury, that the TIN provided is correct (or that such Holder is
 awaiting a TIN) and that (i)&nbsp;the Holder is exempt from
backup withholding, or (ii)&nbsp;the Holder has not been notified
 by the Internal Revenue Service that such Holder is subject to
backup withholding as a result of a failure to report all
interest or dividends or (iii)&nbsp;the Internal Revenue Service
has notified the Holder that such Holder is no longer subject to
backup withholding. If the Original Notes are in more than one
name or are not in the name of the actual owner, such Holder
should consult the W-9 Guidelines for information on which TIN to
 report. If such Holder does not have a TIN, such Holder should
consult the W-9 Guidelines for instructions on applying for a
TIN, check the box in Part&nbsp;2 of the Substitute Form&nbsp;W-9
 and write &#147;applied for&#148; in lieu of its TIN Note.
Checking this box and writing &#147;applied for&#148; on the form
 means that such Holder has already applied for a TIN or that
such Holder intends to apply for one in the near future. If the
box in Part&nbsp;2 of the Substitute Form&nbsp;W-9 is checked,
the Exchange Agent will retain 31% of reportable payments made to
 a Holder during the 60-day period following the date of the
Substitute Form&nbsp;W-9. If the Holder furnishes the Exchange
Agent with his or her TIN within 60&nbsp;days of the Substitute
Form&nbsp;W-9, the Exchange Agent will remit such amounts
retained during such 60-day period to such Holder and no further
amounts will be retained or withheld from payments made to the
Holder thereafter. If, however, such Holder does not provide its
TIN to the Exchange Agent within such 60-day period, the Exchange
 Agent will remit such previously withheld amounts to the
Internal Revenue Service as backup withholding and will withhold
31% of all reportable payments to the Holder thereafter until
such Holder furnishes its TIN to the Exchange Agent.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.<B>&nbsp; TRANSFER TAXES.&nbsp; </B>The Company will pay all
transfer taxes, if any, applicable to the transfer of Original
Notes to it or its order pursuant to the Exchange Offer. If,
however, New Notes and/ or substitute Original Notes not
exchanged are to be delivered to, or are to be registered or
issued in the name of, any person other than the registered
Holder of the Original Notes tendered hereby, or if tendered
Original Notes are registered in the name of any person other
than the person signing this Letter, or if a transfer tax is
imposed for any reason other than the transfer of Original Notes
to the Company or its order pursuant to the Exchange Offer, the
amount of any such transfer taxes (whether imposed on the
registered Holder or any other persons) will be payable by the
tendering Holder. If satisfactory evidence of payment of such
taxes or exemption therefrom is not submitted herewith, the
amount of such transfer taxes will be billed directly to such
tendering Holder.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except as provided in this Instruction 6, it will not be
necessary for transfer tax stamps to be affixed to the Original
Notes specified in this Letter.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.<B>&nbsp; NO CONDITIONAL TENDERS.&nbsp; </B>No alternative,
conditional, irregular or contingent tenders will be accepted.
All tendering Holders of Original Notes, by execution of this
Letter, shall waive any right to receive notice of the acceptance
 of their Original Notes for exchange.

<P align="center">12

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Neither the Company, the Exchange Agent nor any other person is
obligated to give notice of any defect or irregularity with
respect to any tender of Original Notes nor shall any of them
incur any liability for failure to give any such notice.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
8.<B>&nbsp; MUTILATED, LOST, STOLEN OR DESTROYED ORIGINAL
NOTES.&nbsp; </B>Any Holder whose Original Notes have been
mutilated, lost, stolen or destroyed should contact the Exchange
Agent at the address indicated above for further instructions.
This Letter and related documents cannot be processed until the
procedures for replacing mutilated, lost, stolen or destroyed
certificates have been followed.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
9.<B>&nbsp; WITHDRAWAL RIGHTS.&nbsp; </B>Tenders of Original
Notes may be withdrawn at any time prior to 5:00&nbsp;P.M.,
New&nbsp;York City time, on the Expiration Date. For a withdrawal
 of a tender of Original Notes to be effective, a written notice
of withdrawal must be received by the Exchange Agent at the
address on page&nbsp;1 prior to 5:00&nbsp;P.M., New&nbsp;York
City time, on the Expiration Date. Any such notice of withdrawal
must (i)&nbsp;specify the name of the person having tendered the
Original Notes to be withdrawn (the <I>&#147;Depositor&#148;</I>
), (ii)&nbsp;identify the Original Notes to be withdrawn
(including certificate number or numbers and the principal amount
 of such Original Notes), (iii)&nbsp;contain a statement that
such Holder is withdrawing his election to have such Original
Notes exchanged, (iv)&nbsp;be signed by the Holder in the same
manner as the original signature on the Letter by which such
Original Notes were tendered (including any required signature
guarantees) or be accompanied by documents of transfer to have
the Trustee with respect to the Original Notes register the
transfer of such Original Notes in the name of the person
withdrawing the tender and (v)&nbsp;specify the name in which
such Original Notes are registered, if different from that of the
 Depositor. If Original Notes have been tendered pursuant to the
procedure for book-entry transfer set forth in &#147;The Exchange
 Offer&nbsp;&#151; Book-Entry Transfer&#148; section of the
Prospectus, any notice of withdrawal must specify the name and
number of the account at the Book-Entry Transfer Facility to be
credited with the withdrawn Original Notes and otherwise comply
with the procedures of such facility.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All questions as to the validity, form and eligibility (including
 time of receipt) of such notices will be determined by the
Company, whose determination shall be final and binding on all
parties. Any Original Notes so withdrawn will be deemed not to
have been validly tendered for exchange for purposes of the
Exchange Offer and no New Notes will be issued with respect
thereto unless the Original Notes so withdrawn are validly
retendered. Any Original Notes that have been tendered for
exchange but which are not exchanged for any reason will be
returned to the Holder thereof without cost to such Holder (or,
in the case of Original Notes tendered by book-entry transfer
into the Exchange Agent&#146;s account at the Book-Entry Transfer
 Facility pursuant to the book-entry transfer procedures set
forth in &#147;The Exchange Offer&nbsp;&#151; Book-Entry
Transfer&#148; section of the Prospectus, such Original Notes
will be credited to an account maintained with the Book-Entry
Transfer Facility for the Original Notes) as soon as practicable
after withdrawal, rejection of tender or termination of the
Exchange Offer. Properly withdrawn Original Notes may be
retendered by following the procedures described above at any
time on or prior to 5:00&nbsp;P.M., New&nbsp;York City time, on
the Expiration Date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
10.&nbsp; <B>REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES.&nbsp;
</B>Questions relating to the procedure for tendering, as well as
 requests for additional copies of the Prospectus, this Letter,
the Notice of Guaranteed Delivery and other related documents may
 be directed to the Exchange Agent, at the address and telephone
number indicated on page&nbsp;1.

<P align="center">13
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>12
<DESCRIPTION>FORM OF NOTICE OF GUARANTEED DELIVERY
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><B>EXHIBIT&nbsp;99.2</B>

<P align="center">
<B>NOTICE OF GUARANTEED DELIVERY</B>

<DIV align="center">
<B>FOR TENDER OF</B>
</DIV>

<DIV align="center">
<B>9&nbsp;1/2% NOTES DUE 2003</B>
</DIV>

<DIV align="center">
<B>OF</B>
</DIV>

<DIV align="center">
<B>PULTE CORPORATION</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Notice of Guaranteed Delivery, or one substantially
equivalent to this form, must be used to accept the Exchange
Offer of PULTE CORPORATION (the <I>&#147;Company&#148;</I>) made
pursuant to the Prospectus dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the <I>&#147;Prospectus&#148;</I>), if certificates for
the outstanding 9&nbsp;1/2%&nbsp;Notes due 2003 of the Company
(the <I>&#147;Original Notes&#148;</I>) are not immediately
available or if the procedure for book-entry transfer cannot be
completed on a timely basis or time will not permit all required
documents to reach Bank One Trust Company, National Association
as exchange agent (the <I>&#147;Exchange Agent&#148;</I>) prior
to 5:00&nbsp;P.M., New&nbsp;York City time, on the Expiration
Date of the Exchange Offer. This Notice of Guaranteed Delivery
may be delivered or transmitted by facsimile transmission,
overnight courier, mail or hand delivery to the Exchange Agent as
 set forth below. In addition, in order to utilize the guaranteed
 delivery procedure to tender Original Notes pursuant to the
Exchange Offer, a completed, signed and dated Letter of
Transmittal (or facsimile thereof) must also be received by the
Exchange Agent prior to 5:00&nbsp;P.M., New&nbsp;York City time,
on the Expiration Date. Capitalized terms not defined herein are
defined in the Prospectus.

<DIV align="center">
<I>The Exchange Agent for the Exchange Offer is</I>
</DIV>

<DIV align="center">
<B>BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION</B>
</DIV>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<I>By Hand, Overnight Mail, Courier or Telegram:<BR>
	 </I>Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	One&nbsp;North&nbsp;State&nbsp;Street, 9th&nbsp;Floor<BR>
	Chicago, IL 60602</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<I>By Mail:<BR>
	 </I>Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	1&nbsp;Bank&nbsp;One&nbsp;Plaza, Mail Suite&nbsp;IL 1-0122<BR>
	Chicago, IL 60670-0122</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	or</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14&nbsp;Wall&nbsp;Street, 8th&nbsp;Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Bank One Trust Company, National Association<BR>
	Attn: Exchanges Global Corporate Trust Services<BR>
	14&nbsp;Wall&nbsp;Street, 8th&nbsp;Floor<BR>
	New&nbsp;York, NY 10005</FONT></TD>
</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="33%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="32%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="29%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	<I>For information call:<BR>
	 </I>(800) 524-9472</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<I>Facsimile Transmission:<BR>
	 </I>(312) 407-8853</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	<I>E-mail:<BR>
	 </I>bondholders@em.fcnbd.com</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>DELIVERY OF THIS NOTICE TO AN ADDRESS OTHER THAN AS SET FORTH
ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN
AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
THIS NOTICE IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A
SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED
 BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, THE
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED
IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.

<P align="center">

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<P><HR noshade><P>

<P align="left">Ladies and Gentlemen:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the terms and subject to the conditions set forth in the
Prospectus and the accompanying Letter of Transmittal, the
undersigned hereby tenders to the Company the principal amount of
 Original Notes of the series set forth below pursuant to the
guaranteed delivery procedure described in &#147;The Exchange
Offer&nbsp;&#151; Guaranteed Delivery Procedures&#148; section of
 the Prospectus.

<P align="left">
Total Principal Amount of Original Notes Tendered:*

<P align="left">
$<HR size="1" width="87%" align="left">

<P align="left">
Certificate Nos. (if available):

<P align="left">
<HR size="1" width="87%" align="left">

<P align="left">
<HR size="1" width="87%" align="left">

<P align="left">
If Original Notes will be delivered by book-entry transfer to The
 Depository Trust Company, provide account number.

<P align="left">
Account Number<HR size="1" width="87%" align="left">

<P align="left">
<HR size="1" width="30%" align="left">

<DIV align="left">
*&nbsp; Must be in denominations of principal amount of $100,000
and integral multiples of $1,000.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All authority herein conferred or agreed to be conferred shall
survive the death or incapacity of the undersigned and every
obligation of the undersigned hereunder shall be binding upon the
 heirs, personal representatives, successors and assigns of the
undersigned.

<P align="center"><B>PLEASE SIGN HERE</B>

<P align="left">
X<HR size="1" width="87%" align="left">

<P align="left">
X<HR size="1" width="87%" align="left">

<DIV align="center">
Signature(s) of Owner(s)
</DIV>

<DIV align="center">
or Authorized Signatory
</DIV>

<P align="left">
<HR size="1" width="87%" align="left">

<P align="left">
<HR size="1" width="87%" align="left">

<DIV align="center">
Date
</DIV>

<P align="left">
Area Code/Telephone Number(s):
<HR size="1" width="87%" align="left">

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Must be signed by the registered holder(s) of Original Notes as
their name(s) appear(s) on the Original Notes or on a security
position listing, or by person(s) authorized to become registered
 holder(s) by endorsement and documents transmitted with this
Notice of Guaranteed Delivery. If signature is by a trustee,
executor, administrator, guardian, attorney-in-fact, officer or
other person acting in a fiduciary or representative capacity,
please provide the following information.

<P align="center"><B>Please print name(s) and address(es)</B>

<P align="left">
Name(s):<HR size="1" width="87%" align="left">

<P align="left">
Capacity:<HR size="1" width="87%" align="left">

<DIV align="left">
Address(es):<HR size="1" width="87%" align="left">
</DIV>

<P align="left">
<HR size="1" width="87%" align="left">

<P align="left">
Telephone Number:<HR size="1" width="87%" align="left">

<P align="center">2
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<P><HR noshade><P>

<P align="center"><B>GUARANTEE</B>

<DIV align="center">
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned, a firm or other entity identified in
Rule&nbsp;17Ad-15 under Exchange Act as an &#147;eligible
guarantor institution&#148; including (as such terms are defined
therein) (i)&nbsp;a bank, (ii)&nbsp;broker, dealer, municipal
securities broker or dealer or government securities broker or
dealer, (iii)&nbsp;a credit union, (iv)&nbsp;a national
securities exchange, registered securities association or
clearing agency, or (v)&nbsp;a savings association that is a
participant in a Securities Transfer Association (an
&#147;Eligible Institution&#148;), hereby guarantees that the
certificates representing the principal amount of Original Notes
tendered hereby in proper form for transfer, or timely
confirmation of the book-entry transfer of such Original Notes
into the Exchange Agent&#146;s account at The Depository Trust
Company pursuant to the procedures set forth in &#147;The
Exchange Offer&nbsp;&#151; Guaranteed Delivery Procedures&#148;
section of the Prospectus, together with any required signature
guarantee and any other documents required by the Letter of
Transmittal, will be received by the Exchange Agent at the
address set forth above, no later than three New&nbsp;York Stock
Exchange trading days after the Expiration Date.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="15%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="82%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Name of Firm</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Address</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3" align="center" valign="top"><FONT size="2">Zip Code</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Dated:&nbsp;</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="3" align="center" valign="top"><FONT size="2"><B>Authorized Signature</B></FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Name:</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3" align="center" valign="top"><FONT size="2">(Please Type or Print)</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Title</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="3" align="left" valign="top"><FONT size="2">Telephone Number</FONT></TD>
</TR>

<TR>
	<TD colspan="3" align="left"><HR size="1"></TD>

</TR>

</TABLE>
</CENTER>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD><B>NOTE:&nbsp;</B></TD>
	<TD align="left">
	<B>DO NOT SEND CERTIFICATES FOR ORIGINAL NOTES WITH THIS FORM.
	CERTIFICATES FOR ORIGINAL NOTES SHOULD BE SENT ONLY WITH A COPY
	OF YOUR PREVIOUSLY EXECUTED LETTER OF TRANSMITTAL.</B></TD>
</TR>

</TABLE>

<P align="center">3
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>13
<DESCRIPTION>FORM OF LETTER TO CLIENTS
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><B>EXHIBIT 99.3</B>

<P align="center"><B>FORM OF LETTER TO CLIENTS</B>

<P align="center">
<B>PULTE CORPORATION</B>

<P align="center">
<B>Offer to Exchange</B>

<DIV align="center">
<B>Registered 9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<DIV align="center">
<B>For Any and All Outstanding Unregistered
9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<P align="right">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2000

<P align="left">To Our Clients:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Enclosed for your consideration is a Prospectus, dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the &#147;Prospectus&#148;), and the related Letter of
Transmittal (the &#147;Letter of Transmittal&#148;), relating to
the offer (the &#147;Exchange Offer&#148;) of PULTE CORPORATION
(the &#147;Company&#148;) to exchange its 9&nbsp;1/2%&nbsp;Notes
due 2003, which have been registered under the Securities Act of
1933, as amended (the &#147;New Notes&#148;), for all of its
outstanding unregistered 9&nbsp;1/2%&nbsp;Notes due 2003 (the
&#147;Original Notes&#148;), upon the terms and subject to the
conditions described in the Prospectus and the Letter of
Transmittal. The Exchange Offer is being made in order to satisfy
 certain obligations of the Company contained in the Registration
 Rights Agreement dated April&nbsp;3, 2000, by and between the
Company and the initial purchasers named therein, relating to the
 9&nbsp;1/2%&nbsp;Notes due&nbsp;2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This material is being forwarded to you as the beneficial owner
of the Original Notes held by us for your account but not
registered in your name. A tender of such Original Notes may only
 be made by us as the holder of record and pursuant to your
instructions.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accordingly, we request instructions as to whether you wish us to
 tender on your behalf the Original Notes held by us for your
account, pursuant to the terms and conditions set forth in the
enclosed Prospectus and Letter of Transmittal. We urge you to
read the Prospectus carefully before instructing us as to whether
 or not to tender your Original Notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Your instructions should be forwarded to us as promptly as
possible in order to permit us to tender the Original Notes on
your behalf in accordance with the provisions of the Exchange
Offer. The Exchange Offer will expire at 5:00&nbsp;p.m.,
New&nbsp;York City time, on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the &#147;Expiration Date&#148;), unless extended by the
Company. Any Original Notes tendered pursuant to the Exchange
Offer may be withdrawn at any time before the Expiration Date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you wish to have us tender your Original Notes, please
instruct us by completing, executing and returning to us the
instruction form enclosed with this letter. The Letter of
Transmittal is furnished to you for information only and may not
be used directly by you to tender the Original Notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If we do not receive written instructions in accordance with the
procedures presented in the Prospectus and the Letter of
Transmittal, we will not tender any of the outstanding Original
Notes on your account.

<P align="center">
</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>14
<DESCRIPTION>FORM OF LETTER TO REGISTERED HOLDER
<TEXT>

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<HEAD>
<TITLE></TITLE>
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<P align="right"><B>EXHIBIT&nbsp;99.4</B>

<P align="center"><B>FORM OF LETTER TO REGISTERED HOLDER AND/ OR DTC PARTICIPANT
</B>

<P align="center">
<B>INSTRUCTIONS</B>

<P align="center">
<B>Instruction to Registered Holder and/or DTC Participant</B>

<DIV align="center">
<B>from Beneficial Owner of 9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<P align="left">
<B>THE EXCHANGE OFFER WILL EXPIRE AT 5:00&nbsp;P.M., NEW YORK
CITY TIME, ON
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000, UNLESS THE OFFER IS EXTENDED. TENDERS MAY BE WITHDRAWN
PRIOR TO 5:00&nbsp;P.M., NEW YORK CITY TIME, ON THE EXPIRATION
DATE.</B>

<P align="left">To Registered Holder and/or Depository Trust Company Participant:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned hereby acknowledges receipt of the Prospectus
dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the &#147;Prospectus&#148;) of PULTE CORPORATION, a
Michigan corporation (the &#147;Company&#148;), and the
accompanying Letter of Transmittal (the &#147;Letter of
Transmittal&#148;), that together constitute the Company&#146;s
offer (the &#147;Exchange Offer&#148;) to exchange its
9&nbsp;1/2%&nbsp;Notes due 2003 (the &#147;New Notes&#148;) which
 have been registered under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;), for all of its
outstanding unregistered 9&nbsp;1/2%&nbsp;Notes due 2003 (the
&#147;Original Notes&#148;). Capitalized terms used but not
defined herein have the meanings ascribed to them in the
Prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This will instruct you, the registered holder and/or Depository
Trust Company Participant, as to the action to be taken by you
relating to the Exchange Offer with respect to the Original Notes
 held by you for the account of the undersigned.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The aggregate principal amount of Original Notes held by you for
the account of the undersigned is (fill in amount):
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
	the outstanding 9&nbsp;1/2%&nbsp;Notes due 2003.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
With respect to the Exchange Offer, the undersigned hereby
instructs you (check appropriate box):
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>[&nbsp;&nbsp;&nbsp;]&nbsp;</TD>
	<TD align="left">
	To TENDER the following Original Notes held by you for the
	account of the undersigned (Insert principal amount of Original
	Notes to be tendered, if less than all):</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
	the outstanding 9&nbsp;1/2%&nbsp;Notes due 2003.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
[&nbsp;&nbsp;&nbsp;]&nbsp; NOT TO TENDER any Original Notes held
by you for the account of the undersigned.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the undersigned instructs you to tender Original Notes held by
 you for the account of the undersigned, it is understood that
you are authorized to make, on behalf of the undersigned (and the
 undersigned, by its signature below, hereby makes to you), the
representations and warranties contained in the Letter of
Transmittal that are to be made with respect to the undersigned
as a beneficial owner, including but not limited to the
representations, that (i)&nbsp;the undersigned is not an
&#147;affiliate&#148; of the Company, (ii)&nbsp;any New Notes to
be received by the undersigned are being acquired in the ordinary
 course of its business, (iii)&nbsp;the undersigned has no
arrangement or understanding with any person to participate in a
distribution (within the meaning of the Securities Act) of New
Notes to be received in the Exchange Offer. If the undersigned is
 a broker-dealer that will receive New Notes for its own account
in exchange for Original Notes, it represents that the Original
Notes to be exchanged for New Notes were acquired by it as a
result of market-making activities or other trading activities
and acknowledges that it will deliver a prospectus in connection
with any resale of such New Notes; however, by so acknowledging
and by

<P align="center">

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<P><HR noshade><P>

<DIV align="left">
delivering a prospectus, the undersigned will not be deemed to
admit that it is an &#147;underwriter&#148; within the meaning of
 the Securities Act.
</DIV>

<P align="center">
<B>SIGN HERE</B>

<P align="left">
Name of Beneficial Owner(s):&nbsp;
<HR size="1" width="100%" align="left">

<P align="left">
Signature(s):&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
Name(s) (please print):&nbsp;
<HR size="1" width="100%" align="left">

<P align="left">
Address:&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
<HR size="1" width="100%" align="left">

<P align="left">
Telephone Number:&nbsp;<HR size="1" width="100%" align="left">

<P align="left">
Taxpayer Identification or Social Security No.:&nbsp;

<DIV align="right">
<HR size="1" width="45%" align="right">
</DIV>

<P align="left">
Date:&nbsp;<HR size="1" width="100%" align="left">

<P align="center">2
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>15
<DESCRIPTION>FORM OF LETTER TO NOMINEES
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><B>EXHIBIT 99.5</B>

<P align="center"><B>FORM OF LETTER TO NOMINEES</B>

<P align="center">
<B>PULTE CORPORATION</B>

<P align="center">
<B>Offer to Exchange</B>

<DIV align="center">
<B>Registered 9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<DIV align="center">
<B>For Any and All Outstanding Unregistered
9&nbsp;1/2%&nbsp;Notes due 2003</B>
</DIV>

<P align="right">

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000

<P align="left">
To: Brokers, Dealers, Commercial Banks Trust Companies and Other
Nominees:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
PULTE CORPORATION (the &#147;Company&#148;) is offering, upon and
 subject to the terms and conditions set forth in the Prospectus,
 dated
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000 (the &#147;Prospectus&#148;), and the enclosed Letter of
Transmittal (the &#147;Letter of Transmittal&#148;), to exchange
(the &#147;Exchange Offer&#148;) its 9&nbsp;1/2%&nbsp;Notes due
2003 (the &#147;New Notes&#148;) which have been registered under
 the Securities Act of 1933, as amended, for all of its
outstanding unregistered 9&nbsp;1/2%&nbsp;Notes due 2003 (the
&#147;Original Notes&#148;). The Exchange Offer is being made in
order to satisfy certain obligations of the Company contained in
the Registration Rights Agreement dated April&nbsp;3, 2000, by
and between the Company and the initial purchasers named therein,
 relating to the Original Notes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are requesting that you contact your clients for whom you hold
 Original Notes regarding the Exchange Offer. For your
information and for forwarding to your clients for whom you hold
Original Notes registered in your name or in the name of your
nominee, or who hold Original Notes registered in their own
names, we are enclosing the following documents:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	1.&nbsp; Prospectus dated
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
	 2000;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	2.&nbsp; The Letter of Transmittal for your use and for the
	information of your clients;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	3.&nbsp; A form of Notice of Guaranteed Delivery;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	4.&nbsp; A form of letter which may be sent to your clients for
	whose accounts you hold Original Notes registered in your name or
	 the name of your nominee, along with an instruction form for
	obtaining such clients&#146; instructions with respect to the
	Exchange Offer;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	5.&nbsp; Guidelines for Certification of Taxpayer Identification
	Number on Substitute Form&nbsp;W-9.</TD>
</TR>

</TABLE>

<P align="left">
<B>YOUR PROMPT ACTION IS REQUIRED. THE EXCHANGE OFFER WILL EXPIRE
 AT 5:00&nbsp;P.M., NEW&nbsp;YORK CITY TIME, ON
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000, UNLESS EXTENDED BY THE COMPANY (THE &#147;EXPIRATION
DATE&#148;). ORIGINAL NOTES TENDERED PURSUANT TO THE EXCHANGE
OFFER MAY BE WITHDRAWN AT ANY TIME BEFORE THE EXPIRATION DATE.
</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To participate in the Exchange Offer, certificates for Original
Notes, or a timely confirmation of a book-entry transfer of such
Original Notes into the Exchange Agent&#146;s account at the
Depository Trust Company, together with a duly executed and
properly completed Letter of Transmittal (or facsimile thereof),
with any required signature guarantees and any other required
documents, should be sent to the Exchange Agent, all in
accordance with the instructions set forth in the Letter of
Transmittal and the Prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the registered holder of Original Notes desires to tender, but
 such Original Notes are not immediately available, or time will
not permit such holder&#146;s Original Notes or other required
documents to reach the Exchange Agent before the Expiration Date,
 or the procedure for book-entry transfer cannot be completed on
a timely basis, a tender may be effected by following the
guaranteed delivery procedures described in the Prospectus under
&#147;The Exchange Offer&nbsp;&#151; Guaranteed Delivery
Procedures.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will, upon request, reimburse brokers, dealers, commercial
banks and trust companies for reasonable and necessary costs and
expenses incurred by them in forwarding the prospectus and the
related

<P align="center">

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
documents to the beneficial owners of Original Notes held by them
 as nominee or in a fiduciary capacity. We will pay or cause to
be paid all transfer taxes applicable to the exchange of Original
 Notes pursuant to the Exchange Offer, except as set forth in
Instruction&nbsp;6 of the Letter of Transmittal.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any inquiries you may have with respect to the Exchange Offer, or
 requests for additional copies of the enclosed materials, should
 be directed to the Exchange Agent at its address and telephone
number set forth on the front of the Letter of Transmittal.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Very truly yours,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	PULTE CORPORATION</TD>
</TR>

</TABLE>

<P align="left">
<B>NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE
YOU OR ANY PERSON AS AN AGENT OF THE COMPANY OR THE EXCHANGE
AGENT, OR AUTHORIZE YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT
OR MAKE ANY STATEMENTS ON BEHALF OF EITHER OF THEM WITH RESPECT
TO THE EXCHANGE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN
THE PROSPECTUS OR THE LETTER OF TRANSMITTAL.</B>

<P align="center">2
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>16
<DESCRIPTION>FORM OF EXCHANGE AGENT AGREEMENT
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right"><B>EXHIBIT&nbsp;99.6</B>

<P align="center"><B>BANK ONE TRUST COMPANY,&nbsp;NATIONAL ASSOCIATION</B>

<DIV align="center">
<B>EXCHANGE AGENT AGREEMENT</B>
</DIV>

<P align="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000

<P align="left">Bank One Trust Company, National Association

<DIV align="left">
100 East Broad Street
</DIV>

<DIV align="left">
Columbus, Ohio 43271-0181
</DIV>

<DIV align="left">
Attention:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>

<P align="left">
Ladies and Gentlemen:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
PULTE CORPORATION, a Michigan corporation (the <I>
&#147;Company&#148;</I>), is offering to exchange (the <I>
&#147;Exchange Offer&#148;</I>) all of its outstanding
9&nbsp;1/2%&nbsp;Notes due 2003 (the <I>&#147;Original
Notes&#148;</I>) for an equal principal amount of its registered
9&nbsp;1/2%&nbsp;Notes due 2003, respectively (the <I>&#147;New
Notes&#148;</I> and, together with the Original Notes, the
&#147;Notes&#148;), pursuant to a prospectus (the <I>
&#147;Prospectus&#148;</I>) included in the Company&#146;s
Registration Statement on Form&nbsp;S-4 (File
No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) as amended (the <I>
&#147;Registration Statement&#148;</I>), filed with the
Securities and Exchange Commission (the <I>&#147;SEC&#148;</I>)
and attached hereto as Exhibit&nbsp;A. The term &#147;Expiration
Date&#148; shall mean 5:00&nbsp;p.m., New&nbsp;York City time, on

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
 2000, unless the Exchange Offer is extended as provided in the
Prospectus, in which case the term &#147;Expiration Date&#148;
shall mean the latest date and time to which the Exchange Offer
is extended. Upon execution of this Agreement, Bank One Trust
Company, National Association will act as the Exchange Agent for
the Exchange Offer (the <I>&#147;Exchange Agent&#148;</I>).
Capitalized terms used and not otherwise defined herein shall
have the respective meanings ascribed thereto in the Prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A copy of each of the form of letter of transmittal (the <I>
&#147;Letter of Transmittal&#148;</I>), the form of the notice of
 guaranteed delivery (the <I>&#147;Notice of Guaranteed
Delivery&#148;</I>), the form of letter to brokers, the form of
letter to clients and the instruction form (collectively, the <I>
&#147;Tender Documents&#148;</I>) to be used by holders of
Original Notes in order to receive New Notes pursuant to the
Exchange Offer are attached hereto as Exhibit&nbsp;B.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company hereby appoints you to act as Exchange Agent in
connection with the Exchange Offer. In carrying out your duties
as Exchange Agent, you are to act in accordance with the
following provisions of this Agreement:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp; You are to mail the Prospectus and the Tender Documents
to all of the holders and participants on the day that you are
notified by the Company that the Registration Statement has
become effective under the Securities Act of 1933, as amended, or
 as soon as practicable thereafter, and to make subsequent
mailings thereof after the date thereof and to any persons who
become holders prior to the Expiration Date and to any persons as
 may from time to time be requested by the Company. All mailings
pursuant to this Section&nbsp;1 shall be by first class mail,
postage prepaid, unless otherwise specified by the Company. You
shall also accept and comply with telephone requests for
information relating to the Exchange Offer provided that such
information shall relate only to the procedures for tendering
Original Notes in (or withdrawing tenders of Original Notes from)
 the Exchange Offer. All other requests for information relating
to the Exchange Offer shall be directed to the Company,
Attention: Bruce&nbsp;E. Robinson.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.&nbsp; You are to examine Letters of Transmittal and the
Original Notes and other documents delivered or mailed to you, by
 or for the holders, prior to the Expiration Date, to ascertain
whether (i)&nbsp;the Letters of Transmittal are properly executed
 and completed in accordance with the instructions set forth
therein, (ii)&nbsp;the Original Notes are in proper form for
transfer and (iii)&nbsp;all other documents submitted to you are
in proper form. In each case where a Letter of Transmittal or
other document has been improperly executed or completed or, for
any other reason, is not in proper form, or some other
irregularity exists, you are authorized to endeavor to take such
action as you consider appropriate to notify the tendering holder
 of such irregularity and as to the appropriate means of
resolving the same. Determination of questions as to the proper
completion or execution of the Letters of Transmittal, or as to
the proper form for transfer of

<P align="center">

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<P><HR noshade><P>

<DIV align="left">
the Original Notes or as to any other irregularity in connection
with the submission of Letters of Transmittal and/or Original
Notes and other documents in connection with the Exchange Offer,
shall be made by the officers of, or counsel for, the Company at
their written instructions or oral direction confirmed by
facsimile. Any determination made by the Company on such
questions shall be final and binding.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp; At the written request of the Company or its counsel,
you shall notify tendering holders of Original Notes in the event
 of any termination of the Exchange Offer and you will return all
 tendered Original Notes to the persons entitled thereto, at the
expense of the Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.&nbsp; Tender of the Original Notes may be made only as set
forth in the Letter of Transmittal and in the section of the
Prospectus captioned &#147;The Exchange Offer.&#148;
Notwithstanding the foregoing, tenders which the Company shall
approve in writing as having been properly delivered shall be
considered to be properly tendered. Letters of Transmittal and
Notices of Guaranteed Delivery shall be recorded by you as to the
 date and time of receipt and shall be preserved and retained by
you at the Company&#146;s expense for one year. New Notes are to
be issued in exchange for Original Notes pursuant to the Exchange
 Offer only (i)&nbsp;against deposit with you prior to the
Expiration Date or, in the case of a tender in accordance with
the guaranteed delivery procedures outlined in Instruction&nbsp;1
 of the Letter of Transmittal, within three New&nbsp;York Stock
Exchange trading days after the Expiration Date of the Exchange
Offer, together with executed Letters of Transmittal and other
documents required by the Exchange Offer or (ii)&nbsp;in the
event that the holder is a participant in the Depository Trust
Company (<I>&#147;DTC&#148;</I>) system, by the utilization of
DTC&#146;s Automated Tender Offer Program (<I>&#147;ATOP&#148;
</I>) and any evidence required by the Exchange Offer.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You are hereby directed to establish an account with respect to
the Notes at The Depositary Trust Company (the <I>&#147;Book
Entry Transfer Facility&#148;</I>) within two days after the date
 hereof in accordance with SEC Regulation&nbsp;240.17&nbsp;Ad.
Any financial institution that is a participant in the Book Entry
 Transfer Facility system may, until the Expiration Date, make
book-entry delivery of the Notes by causing the Book Entry
Facility to transfer such Notes into your account in accordance
with the procedure for such transfer established by the Book
Entry Transfer Facility. In every case, however, a Letter of
Transmittal (or a manually executed facsimile thereof), or an
Agent&#146;s Message, properly completed and duly executed, with
any required signature guarantees and any other required
documents must be transmitted to and received by you prior to the
 Expiration Date or the guaranteed delivery procedures described
in the Exchange Offer must be complied with.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp; Upon oral or written request of the Company (with
written confirmation of any such oral request thereafter), you
will transmit by telephone, and promptly thereafter confirm in
writing to Bruce&nbsp;E. Robinson or such other persons as the
Company may reasonably request, the aggregate number and
principal amount of each series of Original Notes tendered to you
 and the number and principal amount of each series of Original
Notes properly tendered that day. In addition, you will also
inform the aforementioned persons, upon oral request made from
time to time (with written confirmation of such request
thereafter) prior to the Expiration Date, of such information as
they or any of them may reasonable request.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.&nbsp; Upon the terms and subject to the conditions of the
Exchange Offer, delivery of New Notes will be made by you
promptly after acceptance of the tendered Original Notes. You
will hold all items which are deposited for tender with you after
 5:00&nbsp;p.m. New&nbsp;York City time, on the Expiration Date
pending further instructions from an officer of the Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.&nbsp; If any holder shall report to you that his or her
failure to surrender Original Notes registered in his or her name
 is due to the loss or destruction of a certificate or
certificates, you shall request such holder (i)&nbsp;to furnish
to you an affidavit of loss and, if required by the Company, a
bond of indemnity in an amount and evidenced by such certificate
or certificates of a surety, as may be satisfactory to you and
the Company, and (ii)&nbsp;to execute and deliver an agreement to
 indemnify the Company and you in such form as is acceptable to
you and the Company. The obligees to be named in each such
indemnity bond shall include the Company and you. You shall
report to the Company the names of all holders who claim that
their Original Notes have been lost or destroyed and the
principal amount of such Original Notes.

<P align="center">2

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
8.&nbsp; As soon as practicable after the Expiration Date, you
shall mail or deliver via the Book Entry Transfer Facility&#146;s
 applicable procedures, the New Notes that such holders may be
entitled to receive and you shall arrange for cancellation of the
 Original Notes submitted to you or returned by DTC in connection
 with ATOP. Such Original Notes shall be forwarded to &nbsp;for
cancellation and retirement as you are instructed by the Company
(or a representative designated by the Company) in writing.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
9.&nbsp; For your services as the Exchange Agent hereunder, the
Company shall pay you in accordance with the schedule of fees
attached hereto as Exhibit&nbsp;C. The Company also will
reimburse you for your reasonable out-of-pocket expenses
(including, but not limited to, reasonable attorneys&#146; fees
not previously paid to you as set forth in Exhibit&nbsp;C) in
connection with your services promptly after submission to the
Company of itemized statements.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
10.&nbsp; You are not authorized to pay any concessions,
commissions or solicitation fees to any broker, dealer, bank or
other person or to engage or utilize any person to solicit
tenders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
11.&nbsp; As the Exchange Agent hereunder you:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; shall have no duties or obligations other than those
	specifically set forth in the section of the Prospectus captioned
	 &#147;The Exchange Offer,&#148; herein or in the Exhibits
	attached hereto or as may be subsequently requested in writing of
	 you by the Company and agreed to by you in writing with respect
	to the Exchange Offer;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; will be regarded as making no representations and
	having no responsibilities as to the validity, accuracy,
	sufficiency, value or genuineness of any Original Notes deposited
	 with you hereunder, any New Notes, and Tender Documents or other
	 documents prepared by the Company in connection with the
	Exchange Offer;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; shall not be obligated to take any legal action
	hereunder which might in your judgment involve any expense or
	liability unless you shall have been furnished with an indemnity
	reasonably satisfactory to&nbsp;you;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; may rely on, and shall be fully protected and
	indemnified as provided in Section&nbsp;12 hereof in acting upon,
	 the written or oral instructions with respect to any matter
	relating to your acting as Exchange Agent specifically covered by
	 this Agreement or supplementing or qualifying any such action of
	 any officer or agent of such other person or persons as may be
	designated or whom you reasonably believe have been designated by
	 the Company;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; may consult with counsel satisfactory to you, including
	 counsel for the Company, and the advice of such counsel shall be
	 full and complete authorization and protection in respect of any
	 action taken, suffered or omitted by you in good faith and in
	accordance with such advice of such counsel;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; shall not at any time advise any person as to the
	wisdom of the Exchange Offer or as to the market value or decline
	 or appreciation in market value of any Original Notes or New
	Notes;&nbsp;and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; shall not be liable for any action which you may do or
	refrain from doing in connection with this Agreement except for
	your gross negligence, willful misconduct or bad faith.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
12.&nbsp; The Company covenants and agrees to indemnify and hold
harmless Bank One Trust Company, National Association and its
officers, directors, employees, agents and affiliates
(collectively, the <I>&#147;Indemnified Parties&#148;</I> and
each an <I>&#147;Indemnified Party&#148;</I>) against any loss,
liability or reasonable expense of any nature (including
reasonable attorneys&#146; and other fees and expenses) incurred
without gross negligence, bad faith or willful misconduct on the
part of the Indemnified Party, in connection with the
administration of the duties of the Indemnified Parties hereunder
 in accordance with this Agreement; provided, however, such
Indemnified Party shall use its best effort to notify the Company
 by letter, or by cable, telex or telecopier confirmed by letter,
 of the written assertion of a claim against such Indemnified
Party, or of any action commenced against such Indemnified Party,
 promptly after but in any event within 10&nbsp;days of the date
such Indemnified Party shall have received any such written
assertion of a claim or

<P align="center">3

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<P><HR noshade><P>

<DIV align="left">
shall have been served with a summons, or other legal process,
giving information as to the nature and basis of the claim;
provided, however, that failure to so notify the Company shall
not relieve the Company of any liability which it may otherwise
have hereunder except such liability that is a direct result of
such Indemnified Party&#146;s failure to so notify the Company.
The Company shall be entitled to participate at its own expense
in the defense of any such claim or legal action and if the
Company so elects or if the Indemnified Party in such notice to
the Company so directs, the Company shall assume the defense of
any suit brought to enforce any such claim. Notwithstanding
anything to the contrary set forth herein, you shall be entitled
to retain counsel of your choice in any suit and the Company
shall pay the fees, expenses and disbursements of such counsel.
You shall not enter into a settlement or other compromise with
respect to any indemnified loss, liability or expense without the
 prior written consent of the Company, which shall not be
unreasonably withheld or delayed if not adverse to the
Company&#146;s interests.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
13.&nbsp; This Agreement and your appointment as the Exchange
Agent shall be construed and enforced in accordance with the laws
 of the State of Michigan and shall inure to the benefit of, and
the obligations created hereby shall be binding upon, the
successors and assigns of the parties hereto. No other person
shall acquire or have any rights under or by virtue of this
Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
14.&nbsp; The parties hereto hereby irrevocably submit to the
venue and jurisdiction of any Michigan State or federal court
sitting in Wayne County or Oakland County in any action or
proceeding arising out of or relating to this Agreement, and the
parties hereby irrevocably agree that all claims in respect of
such action or proceeding arising out of or relating to this
Agreement, shall be heard and determined in such a Michigan State
 or federal court. The parties hereby consent to and grant to any
 such court jurisdiction over the persons of such parties and
over the subject matter of any such dispute and agree that
delivery or mailing of any process or other papers in the manner
provided herein, or in such other manner as may be permitted by
law, shall be valid and sufficient service thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
15.&nbsp; This Agreement may not be modified, amended or
supplemented without an express written agreement executed by the
 parties hereto. Any inconsistency between this Agreement and the
 Prospectus and Tender Documents, as they may from time to time
be supplemented or amended, shall be resolved in favor of the
latter two documents, except with respect to the duties,
liabilities and indemnification of you as Exchange Agent.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
16.&nbsp; This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original and
 all of which taken together shall constitute one and the same
agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
17.&nbsp; In case any provision of this Agreement shall be
invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
18.&nbsp; Unless terminated earlier by the parties hereto, this
Agreement shall terminate 90&nbsp;days following the Expiration
Date. Notwithstanding the foregoing, Sections&nbsp;9 and 12 shall
 survive the termination of this Agreement. Upon any termination
of this Agreement, you shall promptly deliver to the Trustee any
certificates for Original Notes or New Notes, funds or property
then held by you as Exchange Agent under this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
19.&nbsp; All notices and communications hereunder shall be in
writing and shall be deemed to be duly given if delivered or sent
 by a nationally recognized overnight courier or by telecopier
(with a copy mailed by registered mail, return receipt
requested), and addressed as follows:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="12%"></TD>
	<TD width="12%"></TD>
	<TD width="76%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>If to Company:&nbsp;</TD>
	<TD align="left">
	PULTE CORPORATION <BR>
	 33 Bloomfield Hills Parkway, Suite&nbsp;200 <BR>
	 Bloomfield Hills, Michigan 48304 <BR>
	 Telecopier No.: (248)&nbsp;433-4529 <BR>
	 Attn: John&nbsp;R. Stoller <BR></TD>
</TR>

</TABLE>

<P align="center">4

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<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="12%"></TD>
	<TD width="12%"></TD>
	<TD width="76%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="left">
</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="1%"></TD>
	<TD width="20%"></TD>
	<TD width="79%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>and a copy to:</TD>
	<TD align="left">
	Honigman Miller Schwartz and Cohn <BR>
	 2290 First National Building <BR>
	 Detroit, Michigan 48226 <BR>
	 Telecopier No.: (313)&nbsp;465-7381 <BR>
	 Attn: David Foltyn <BR></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>If to you:</TD>
	<TD align="left">
	Bank One Trust Company, National Association <BR>
	 100 East Broad Street <BR>
	 Columbus, Ohio 43271-0181 <BR>
	 Telecopier No.: <BR>
	 Attn: <BR></TD>
</TR>

</TABLE>

<P align="left">
or such other address or telecopy number as any of the above may
have furnished to the other parties in writing for such purposes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
20.&nbsp; This Letter Agreement and all of the obligations
hereunder shall be assumed by any and all successors and assigns
of the Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the foregoing is in accordance with your understanding, would
you please indicate your agreement by signing and returning the
enclosed copy of this Agreement to the Company.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Very truly yours,</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Title:&nbsp;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Agreed to this
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;day
	of
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
	 2000</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	BANK ONE TRUST COMPANY,</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	NATIONAL ASSOCIATION</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	as Exchange Agent</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="2%"></TD>
	<TD width="58%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="40%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Title:</TD>
</TR>

</TABLE>

<P align="center">5
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<P><HR noshade><P>

<P align="right"><B>EXHIBIT&nbsp;C</B>

<!-- link1 "BANK ONE TRUST COMPANY, NATIONAL ASSOCIATION" -->

<P align="center"><B>BANK&nbsp;ONE TRUST COMPANY, NATIONAL ASSOCIATION</B>

<DIV align="center">
<B>SCHEDULE OF FEES</B>
</DIV>

<P align="left"><B>I.&nbsp; <I>Exchange Agent Acceptance Fees:&nbsp;
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Covers review of the Exchange Agent Agreement, the Letter of
Transmittal and other related documentation; establishment of
accounts and systems link with depositories; operational and
administrative charges and time spent in connection with the
review, receipt and processing of Letters of Transmittal, and
Agent&#146;s Messages.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Note:&nbsp;The fees set forth in this schedule are subject to
review of documentation. The fees are also subject to change
should circumstances warrant. Out-of-pocket expenses and
disbursements, including counsel fees, incurred in the
performance of our duties will be added to the billed fees. Fees
for any services not covered in this or related schedules will be
 based upon our appraisal of the services rendered.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may place orders to buy/sell financial instruments with
outside broker-dealers that we select, as well as with our
affiliates. These transactions (for which normal and customary
spreads or other compensation may be earned by such
broker-dealers, including our affiliates, in addition to the
charges quoted above) will be executed on a riskless principal
basis solely for your account(s) and without recourse to us or
our affiliates. If you choose to invest in any mutual fund, our
affiliates may earn investment management fees and other service
fees/ expenses associated with these funds as disclosed in the
mutual fund prospectus provided to you, in addition to the
charges quoted above. Likewise, our affiliates have entered into
agreements with certain mutual funds or their agents to provide
shareholder services to those funds. For providing these
shareholder services, our affiliates are paid a fee by these
mutual funds that calculated on an annual basis does not exceed
25&nbsp;basis points of the amount of your investment in these
mutual funds. In addition, if you choose to use other services
provided by our affiliates, Corporate Trust or other of our
affiliates may be allocated a portion of the fees earned. We will
 provide periodic account statements describing transactions
executed for your account(s). Trade confirms will be available
upon your request at no additional charge. If a transaction
should fail to close for reasons beyond our control, we reserve
the right to charge our acceptance fee plus reimbursement for
legal fees incurred.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Shares of mutual funds are not deposits or obligations of, or
guaranteed by, Bank One Trust Company, National Association or
any of its affiliates and are not insured by the Federal Deposit
Insurance Corporation or any other agency of the
U.S.&nbsp;Government. Investments in the mutual funds involve the
 possible loss of principal. Please read the prospectus carefully
 before investing.

<P align="center">6
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